Company Valuation: Nestlé Nigeria Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,233,769 871,922 871,922 693,574 1,552,021 2,251,144 - -
Change - -29.33% 0% -20.45% 123.77% 45.05% - -
Enterprise Value (EV) 1 1,210,118 909,471 1,106,686 1,324,825 1,992,893 2,567,389 2,490,717 2,444,308
Change - -24.84% 21.68% 19.71% 50.43% 28.83% -2.99% -1.86%
P/E 30.8x 17.8x -11x -4.21x 14.8x 15x 12.5x 10.5x
PBR 57.7x 28.8x -11x -7.52x 120x 22.8x 16.5x 12.7x
PEG - 0.8x 0x -0x -0x 0.3x 0.6x 0.5x
Capitalization / Revenue 3.51x 1.95x 1.59x 0.72x 1.29x 1.64x 1.43x 1.26x
EV / Revenue 3.44x 2.04x 2.02x 1.38x 1.65x 1.87x 1.59x 1.37x
EV / EBITDA 15.1x 9.41x 8.17x 6.74x 7.53x 7.71x 6.4x 5.51x
EV / EBIT 16.8x 10.5x 8.94x 7.89x 8.84x 8.86x 7.34x 6.31x
EV / FCF 27.9x -28.3x 51.6x -19.9x 7.94x 15.8x 12.1x 10.6x
FCF Yield 3.58% -3.54% 1.94% -5.04% 12.6% 6.35% 8.24% 9.39%
Dividend per Share 2 50.5 51.5 - - - 40.54 158.3 199
Rate of return 3.24% 4.68% - - - 1.43% 5.57% 7.01%
EPS 2 50.51 61.77 -100.3 -207.6 132.4 189.4 227.5 271
Distribution rate 100% 83.4% - - - 21.4% 69.6% 73.4%
Net sales 1 351,822 446,819 547,119 958,815 1,207,773 1,373,961 1,570,491 1,779,598
EBITDA 1 80,375 96,619 135,461 196,700 264,494 333,202 389,086 443,464
EBIT 1 71,966 86,866 123,788 167,876 225,383 289,744 339,479 387,494
Net income 1 40,037 48,965 -79,474 -164,595 104,966 150,116 180,359 214,795
Net Debt 1 -23,651 37,549 234,764 631,251 440,872 316,245 239,573 193,164
Reference price 2 1,556.50 1,100.00 1,100.00 875.00 1,958.00 2,840.00 2,840.00 2,840.00
Nbr of stocks (in thousands) 792,656 792,656 792,656 792,656 792,656 792,656 - -
Announcement Date 01/03/22 28/02/23 27/02/24 26/02/25 25/02/26 - - -
1NGN in Million2NGN
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15x1.87x7.71x1.43% 1.67B
20.75x2.86x14.24x3.93% 255B
20.06x2.52x14.99x3.27% 80.42B
17.47x1.81x10.23x3.58% 49.26B
14.83x0.53x9.71x2.6% 38.6B
22.44x3.39x13.71x3.12% 37.24B
37.36x3.22x18.62x0.97% 32.44B
-105.54x1.88x9.37x6.46% 29.4B
67.22x10.32x42.79x1.13% 29.34B
Average 12.18x 3.15x 15.71x 2.94% 61.49B
Weighted average by Cap. 16.77x 2.95x 15.13x 3.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. NESTLE Stock
  4. Valuation Nestlé Nigeria Plc