NESTLÉ NIGERIA PLC |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 796 NGN | -.--% |
|
-11.56% | -27.64% |
| Apr. 30 | Nestlé Nigeria Plc Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Feb. 28 | Nestlé Nigeria Plc Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,165,125 | 1,192,948 | 1,233,769 | 871,922 | 871,922 | 630,954 | - | - |
| Enterprise Value (EV) 1 | 1,171,359 | 1,174,459 | 1,210,118 | 909,471 | 871,922 | 812,954 | 747,954 | 630,954 |
| P/E ratio | 25.5 x | 30.4 x | 30.8 x | 17.8 x | -11 x | 10.4 x | 8.93 x | 6.41 x |
| Yield | 4.76% | 4.02% | 3.24% | 4.68% | - | 8.82% | - | - |
| Capitalization / Revenue | 4.1 x | 4.16 x | 3.51 x | 1.95 x | 1.59 x | 0.97 x | 0.91 x | 0.64 x |
| EV / Revenue | 4.12 x | 4.09 x | 3.44 x | 2.04 x | 1.59 x | 1.25 x | 1.08 x | 0.64 x |
| EV / EBITDA | 14.7 x | 16.3 x | 15.1 x | 9.41 x | 6.44 x | 5.78 x | 4.62 x | 2.48 x |
| EV / FCF | 32.4 x | 14.6 x | 27.9 x | -28.3 x | - | 102 x | 12.5 x | - |
| FCF Yield | 3.09% | 6.87% | 3.58% | -3.54% | - | 0.98% | 8.02% | - |
| Price to Book | 25.6 x | 40.7 x | 57.7 x | 28.8 x | - | -27.7 x | 22.3 x | -7.39 x |
| Nbr of stocks (in thousands) | 792,656 | 792,656 | 792,656 | 792,656 | 792,656 | 792,656 | - | - |
| Reference price 2 | 1,470 | 1,505 | 1,556 | 1,100 | 1,100 | 796.0 | 796.0 | 796.0 |
| Announcement Date | 2/28/20 | 2/26/21 | 3/1/22 | 2/28/23 | 2/27/24 | - | - | - |
1NGN in Million2NGN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 284,035 | 287,084 | 351,822 | 446,819 | 547,119 | 648,446 | 689,688 | 982,991 |
| EBITDA 1 | 79,513 | 72,170 | 80,375 | 96,619 | 135,461 | 140,597 | 161,904 | 254,695 |
| EBIT 1 | 72,062 | 64,419 | 71,966 | 86,866 | 123,788 | 127,539 | 146,316 | 229,401 |
| Operating Margin | 25.37% | 22.44% | 20.46% | 19.44% | 22.63% | 19.67% | 21.21% | 23.34% |
| Earnings before Tax (EBT) 1 | 71,124 | 60,638 | 61,875 | 71,109 | -104,025 | 93,364 | 106,737 | 145,184 |
| Net income 1 | 45,683 | 39,212 | 40,037 | 48,965 | -79,474 | 60,583 | 70,759 | 98,475 |
| Net margin | 16.08% | 13.66% | 11.38% | 10.96% | -14.53% | 9.34% | 10.26% | 10.02% |
| EPS 2 | 57.63 | 49.47 | 50.51 | 61.77 | -100.3 | 76.41 | 89.13 | 124.2 |
| Free Cash Flow 1 | 36,182 | 80,694 | 43,359 | -32,157 | - | 8,000 | 60,000 | - |
| FCF margin | 12.74% | 28.11% | 12.32% | -7.2% | - | 1.23% | 8.7% | - |
| FCF Conversion (EBITDA) | 45.5% | 111.81% | 53.95% | - | - | 5.69% | 37.06% | - |
| FCF Conversion (Net income) | 79.2% | 205.79% | 108.3% | - | - | 13.21% | 84.79% | - |
| Dividend per Share 2 | 70.00 | 60.50 | 50.50 | 51.50 | - | 70.20 | - | - |
| Announcement Date | 2/28/20 | 2/26/21 | 3/1/22 | 2/28/23 | 2/27/24 | - | - | - |
1NGN in Million2NGN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|
| Net sales | 90,231 | - | - |
| EBITDA | - | - | - |
| EBIT 1 | 15,844 | - | 32,201 |
| Operating Margin | 17.56% | - | - |
| Earnings before Tax (EBT) | 10,291 | - | - |
| Net income 1 | 6,453 | 6,913 | -36,406 |
| Net margin | 7.15% | - | - |
| EPS | 8.140 | 8.720 | - |
| Dividend per Share | - | - | - |
| Announcement Date | 3/1/22 | 10/27/23 | 2/27/24 |
1NGN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,233 | - | - | 37,549 | - | 182,000 | 117,000 | - |
| Net Cash position 1 | - | 18,489 | 23,651 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.0784 x | - | - | 0.3886 x | - | 1.294 x | 0.7227 x | - |
| Free Cash Flow 1 | 36,182 | 80,694 | 43,359 | -32,157 | - | 8,000 | 60,000 | - |
| ROE (net income / shareholders' equity) | 95.4% | 105% | 158% | 190% | - | - | 494% | - |
| ROA (Net income/ Total Assets) | 25.7% | 17.8% | 14.4% | 13.5% | - | 15% | 12.2% | 10.6% |
| Assets 1 | 177,854 | 219,780 | 278,212 | 362,640 | - | 403,887 | 579,995 | 929,009 |
| Book Value Per Share 2 | 57.50 | 37.00 | 27.00 | 38.20 | - | -28.80 | 35.70 | -108.0 |
| Cash Flow per Share | - | 123.0 | - | - | - | - | - | - |
| Capex 1 | 13,763 | 16,502 | 21,077 | 27,724 | - | 69,859 | 60,403 | 97,053 |
| Capex / Sales | 4.85% | 5.75% | 5.99% | 6.2% | - | 10.77% | 8.76% | 9.87% |
| Announcement Date | 2/28/20 | 2/26/21 | 3/1/22 | 2/28/23 | 2/27/24 | - | - | - |
1NGN in Million2NGN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
796
NGN
Average target price
1,330
NGN
Spread / Average Target
+67.10%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -27.64% | 451M | |
| -5.96% | 263B | |
| -2.41% | 94.82B | |
| -1.89% | 44.1B | |
| +1.02% | 40.21B | |
| +7.45% | 39.51B | |
| +3.89% | 39.56B | |
| -19.18% | 28.86B | |
| -5.57% | 28.95B | |
| +11.83% | 24.6B |
- Stock Market
- Equities
- NESTLE Stock
- Financials Nestlé Nigeria Plc
