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INDUSTRIAL GOODS · Cement, Hydraulic · Price, fundamentals, signals, and forward-looking context in one research view.
INDUSTRIAL GOODS
₦5.38T
3.6%
15.42
Current price
₦334.00
0.0% 28 AugLast session 28 Aug · Checked 29 min ago
Open
₦330.80
Previous close
₦334.00
Day range
₦330.80 – ₦334.00
Volume
2,063,794
15.4x P/E
Awaiting filing
3.6% yield
65/100 measured
Moderate liquidity
Recent price movement, key market context and the latest company information.
The latest saved price history for HBMNG, with its range and direction at a glance.
1 pages were reviewed. Open the update for the summary and original document.
HBM Nigeria Plc, together with its subsidiaries, manufactures, markets, and sells cement and other cementitious products in Nigeria. It offers aggregates, ready-mix concrete, fly-ash, cementitious tile adhesive, plaster of Paris (POP), and power generation products, as well as mortar and waste management solutions. The company provides cement solutions under the RoadCem, Unicem, Ashaka Cem, Watershield Cement, Elephant Cement, AshakaCem, PowerMax, CEM1, Ground Calcium Carbonate, Geocycle, Supafix, Supa Whyte, and Elephant Supaset brands. It also offers building and construction services. The company was formerly known as Lafarge Africa Plc and changed its name to HBM Nigeria Plc in April 2026. The company was incorporated in 1959 and is headquartered in Lagos, Nigeria. Lafarge Africa Plc operates as a subsidiary of Caricement BV.
Investors usually follow HBMNG for its dividend profile, valuation signal, sector position, and upcoming company events. The goal here is not just to show numbers, but to explain what they mean in plain English.
Whisone is bullish because fundamentals are solid at 81/100 while turnover is thin at 0.022%. Whisone has high conviction here. The final read is being balanced by the weighted scores for fundamentals, technicals, insider flow, sentiment, event flow, and liquidity.
Whisone v2 splits the read into weighted parts so the score is not just one hidden number.
Fundamentals
Growth, margins, cash flow, and valuation.
Sentiment
Market mood from flow, events, and attention.
Latest net profit
₦349B
TTM (2026-08-29)
ROE
39.4%
Return on equity
ROA
22.6%
Return on assets
Debt / equity
0.00
Lower is usually safer.
P/B ratio
6.68
Useful for book value support.
Dividend yield
3.6%
Current income signal.
99/100
Direction
Range-bound
Main supports
Business quality and balance-sheet strength are supporting the outlook.
Recent price and fundamentals refreshes improve signal reliability.
What can go wrong
Volatility is elevated, so the path can stay rough even if the thesis is right.
Analyst target data does not currently point to clear upside.
Fair value
₦347.93
Analyst view
Buy
Analyst target
₦293.76
Forecast refresh
Updated 23 min ago
Quality score
80
Growth score
80
These are the external analyst numbers and business outlook figures already synced into the company record.
Revenue this year
₦1.45T
Revenue next year
₦1.8T
EPS this year
₦24.76
EPS next year
₦30.83
Forecast dividend/share
₦2.00
Forward P/E
7.39
A plain-English reading of momentum, trend, volatility, range position, and trading participation.
RSI
40.1
Momentum is currently in a neutral range.
Recent trend
Falling
-4.4% across the latest saved price window.
Volatility
Low
Beta is 0.40. Price has historically moved more calmly than the wider market.
52-week position
81% of range
Price is trading close to its 52-week high.
Volume confirmation
0.58x average
Trading activity is broadly within its normal range.
The article frames a sector-wide call for net-zero cement production and accelerated decarbonization across African producers.
foreign_investment
HBMNG may also move because the INDUSTRIAL GOODS sector may move with foreign_investment. Confidence 63%.
Article states Mohammed Dewji expressed interest to invest US$100m in Dangote's proposed Kenya refinery, indicating capital inflows for the oil/refining project.
higher_production_and_distribution_costs
HBMNG may also move because the INDUSTRIAL GOODS sector may move with higher_production_and_distribution_costs. Confidence 63%.
Multiple sources cite energy/fuel subsidy removal, forex costs for imported inputs, logistics (poor roads, longer routes) and security as increasing production and distribution costs for cement manufacturers broadly.
regulation
HBMNG may also move because the INDUSTRIAL GOODS sector may move with regulation. Confidence 63%.
FTSE Russell's reclassification is described as a game-changer for the Nigerian Exchange (NGX), implying NGX Group benefits from restored Frontier status.
sector_performance
HBMNG may also move because the INDUSTRIAL GOODS sector may benefit from sector_performance. Confidence 63%.
Oil & Gas was the second-best performing sector, up 4.22%, contributing materially to the rally.
affected_by foreign ownership scrutiny
HBMNG may also move because the INDUSTRIAL GOODS sector may move with affected_by foreign ownership scrutiny. Confidence 60%.
Senate debate focused on foreign ownership in the cement sector (Lafarge controls ~18% market) and called for oversight and protections for local investors.
foreign_ownership_concerns
HBMNG may also move because the INDUSTRIAL GOODS sector may move with foreign_ownership_concerns. Confidence 60%.
Senate discussion highlighted concerns over foreign ownership in the cement sector while noting Lafarge controls about 18% of the market; regulators were asked to scrutinise the sale.
HBMNG
HBMNG
Price: ₦334.00
P/E: 15.42
Yield: 3.6%
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Industry
Cement, Hydraulic
Founded
1959
Employees
1,478
Exchange
NGX
Ticker
HBMNG
₦16.1B
Book value / share
50.02
