OVERVIEW
Nigerian Breweries PLC is one of the largest brewing companies in Nigeria and a subsidiary of Heineken N.V. The pioneer and largest brewing company in Nigeria, was incorporated in 1946 as "Nigerian Brewery Limited." In June 1949, the company recorded a landmark when the first bottle of STAR lager beer rolled out of its Lagos Brewery bottling lines. Subsequently, they rolled out other popular beer brands such as Star Lager, Gulder, and Heineken.
FINANCIALS SUMMARY
- Revenue: Q1 2024: N227,102B (84.2% increase compared to Q1 2023)
- Gross Profit: N43,884B (86.7% increase)
- Results from Operating Activities: N25,377B (1,157% increase)
- Net Loss: N51,977 (391.2% increase)
- EPS (Earnings Per Share): 1.60
- Market Cap: 298,007,838,962
- Current Stock Price: N29.00
- Dividend Yield: 3.25
- P/E Ratio: 19.76
MARKET POSITION:
Nigerian Breweries holds a dominant position in the Nigerian market, with a strong brand portfolio and extensive distribution network. It competes primarily with Guinness Nigeria PLC and International Breweries PLC.
TECHNICAL ANALYSIS:
- As of the latest data, the technical rating for Nigerian Breweries PLC is buy.
- Keep in mind that market conditions can change, so always stay informed.
ANALYST FORECASTS:
- Earnings Growth: Nigerian Breweries is forecast to grow earnings and revenue by 100.2% and 9.3% per annum, respectively. The expected EPS growth rate is 101% per annum.
- Price Target: The average price target is around ₦45 per share.
DIVIDEND DECLARATION:
Last Dividend was N1.03 paid on 26th April, 2023
SWOT ANALYSIS:
- Strengths:
- Nigerian Breweries is a subsidiary of Heineken NV, which provides it with global brand recognition and access to resources.
- Strong product portfolio, including popular brands like Star Lager, Legend, and Maltina.
- Robust distribution network across Nigeria.
- Weaknesses:
- Operating performance challenges.
- Impact of naira devaluation on foreign exchange transactions.
- Opportunities:
- Growing demand for alcoholic and non-alcoholic beverages in Nigeria.
- Expansion into new markets or product segments.
- Strategic partnerships for innovation and market penetration.
- Threats:
- Intense competition from other breweries and beverage companies.
- Regulatory changes affecting the industry.
- Economic volatility and currency fluctuations.
RECENT NEWS:
- Nigerian Breweries recently completed the acquisition of Distell Nigeria, expanding its product portfolio and market presence.
- The company reported an impressive 84% increase in revenue for Q1 2024.
- As part of its strategic recovery plan, Nigerian Breweries temporarily shut down two of its plants.
Nigerian Breweries PLC is one of the largest brewing companies in Nigeria and a subsidiary of Heineken N.V. The pioneer and largest brewing company in Nigeria, was incorporated in 1946 as "Nigerian Brewery Limited." In June 1949, the company recorded a landmark when the first bottle of STAR lager beer rolled out of its Lagos Brewery bottling lines. Subsequently, they rolled out other popular beer brands such as Star Lager, Gulder, and Heineken.
FINANCIALS SUMMARY
- Revenue: Q1 2024: N227,102B (84.2% increase compared to Q1 2023)
- Gross Profit: N43,884B (86.7% increase)
- Results from Operating Activities: N25,377B (1,157% increase)
- Net Loss: N51,977 (391.2% increase)
- EPS (Earnings Per Share): 1.60
- Market Cap: 298,007,838,962
- Current Stock Price: N29.00
- Dividend Yield: 3.25
- P/E Ratio: 19.76
MARKET POSITION:
Nigerian Breweries holds a dominant position in the Nigerian market, with a strong brand portfolio and extensive distribution network. It competes primarily with Guinness Nigeria PLC and International Breweries PLC.
TECHNICAL ANALYSIS:
- As of the latest data, the technical rating for Nigerian Breweries PLC is buy.
- Keep in mind that market conditions can change, so always stay informed.
ANALYST FORECASTS:
- Earnings Growth: Nigerian Breweries is forecast to grow earnings and revenue by 100.2% and 9.3% per annum, respectively. The expected EPS growth rate is 101% per annum.
- Price Target: The average price target is around ₦45 per share.
DIVIDEND DECLARATION:
Last Dividend was N1.03 paid on 26th April, 2023
SWOT ANALYSIS:
- Strengths:
- Nigerian Breweries is a subsidiary of Heineken NV, which provides it with global brand recognition and access to resources.
- Strong product portfolio, including popular brands like Star Lager, Legend, and Maltina.
- Robust distribution network across Nigeria.
- Weaknesses:
- Operating performance challenges.
- Impact of naira devaluation on foreign exchange transactions.
- Opportunities:
- Growing demand for alcoholic and non-alcoholic beverages in Nigeria.
- Expansion into new markets or product segments.
- Strategic partnerships for innovation and market penetration.
- Threats:
- Intense competition from other breweries and beverage companies.
- Regulatory changes affecting the industry.
- Economic volatility and currency fluctuations.
RECENT NEWS:
- Nigerian Breweries recently completed the acquisition of Distell Nigeria, expanding its product portfolio and market presence.
- The company reported an impressive 84% increase in revenue for Q1 2024.
- As part of its strategic recovery plan, Nigerian Breweries temporarily shut down two of its plants.