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CONSUMER GOODS · Malt Beverages · Price, fundamentals, signals, and forward-looking context in one research view.
CONSUMER GOODS
₦2.15T
N/A
20.78
Current price
₦75.00
+8.1% todayUpdated 25 min ago
Open
₦69.40
Previous close
₦69.40
Day range
₦69.40 – ₦75.80
Volume
31,245,501
20.8x P/E
Awaiting filing
No current yield
65/100 measured
Easy to trade
NB has a positive bias over 30 days and strong upside over one year.
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Expected move
-4.37%
Expected price
₦66.37
Lower path
₦59.27
Upper path
₦73.47
Confidence
Whisone is bullish because fundamentals are solid at 78/100 while turnover is thin at 0.018%. 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
₦104B
TTM (2026-08-31)
ROE
17.3%
Return on equity
ROA
12.1%
Return on assets
P/B ratio
3.33
Useful for book value support.
99/100
Direction
Cautious
Main supports
Business quality and balance-sheet strength are supporting the outlook.
Valuation still leaves room versus fair value and analyst anchors.
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.
Fair value
₦86.86
Analyst view
Buy
Analyst target
₦95.50
Forecast refresh
Updated 8h ago
Quality score
76
Growth score
80
These are the external analyst numbers and business outlook figures already synced into the company record.
Revenue this year
₦1.79T
Revenue next year
₦2.2T
EPS this year
₦6.05
EPS next year
₦8.34
Forecast dividend/share
₦1.28
Forward P/E
20.66
₦0.32
2021-11-22
Payment: 2021-12-03 | Qualification: 2021-11-19 | Yield at declaration: N/A
₦0.55
2021-03-11
Payment: 2021-04-23 | Qualification: 2021-03-10 | Yield at declaration: N/A
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
-3.8% across the latest saved price window.
Volatility
Low
Beta is 0.19. Price has historically moved more calmly than the wider market.
52-week position
35% of range
Price is sitting around the middle of its 52-week range.
Volume confirmation
5.50x average
Trading activity is above average, giving the current move stronger participation.
Article says Nigerian Breweries was among brands that previously worked with him but later turned their backs citing his character as negative for their brands.
taxation
NB may move with taxation. Confidence 90%.
The brewing industry (consumer goods sector) collectively saw tax expenses rise to N112.87bn in H1 2026, reducing industry after‑tax earnings.
CSR / education sponsorship (Maltina Teacher of the Year)
NB may benefit from csr / education sponsorship (maltina teacher of the year). Confidence 90%.
Article states Nigerian Breweries partnered in donating the HR-V and frames the partnership as reinforcing commitment to education and community development, implying reputational/brand benefits.
community_engagement
NB may benefit from community_engagement. Confidence 90%.
The article shows a consumer-goods company (NB) using sponsorship/CSR to support education and community development, a pattern that can benefit sector reputation.
reduction in FX losses / lower finance costs
NB may benefit from reduction in fx losses / lower finance costs. Confidence 90%.
Article states Nigerian Breweries benefited from a near-elimination of foreign exchange losses and cut finance costs by 46.09% to N8.28bn.
reduction in finance costs / lower FX losses
NB may benefit from reduction in finance costs / lower fx losses. Confidence 90%.
Nigerian Breweries cut finance costs by 46.09% to N8.28bn and benefited from near-elimination of foreign exchange losses.
Return of dividends
NB may benefit from return of dividends. Confidence 85%.
The piece raises whether dividends can return, implying resumed dividends would be a positive outcome for the company and its investors.
Sector spillover signals
FX
NB may also move because the CONSUMER GOODS sector may move with fx. Confidence 90%.
Higher oil output improved fiscal revenues and foreign exchange inflows, which strengthen external buffers—supporting the financial sector's operating environment.
taxation
NB may also move because the CONSUMER GOODS sector may move with taxation. Confidence 90%.
The brewing industry (consumer goods sector) collectively saw tax expenses rise to N112.87bn in H1 2026, reducing industry after‑tax earnings.
community_engagement
NB may also move because the CONSUMER GOODS sector may benefit from community_engagement. Confidence 90%.
The article shows a consumer-goods company (NB) using sponsorship/CSR to support education and community development, a pattern that can benefit sector reputation.
community_development
NB may also move because the CONSUMER GOODS sector may benefit from community_development. Confidence 85%.
Analysts in the article note that corporate engagement in community development is critical for large industrial operators and supports operational sustainability.
corporate social responsibility
NB may also move because the CONSUMER GOODS sector may benefit from corporate social responsibility. Confidence 80%.
AXA Mansard, a financial services firm, is engaging in community protection/awareness activities, indicating CSR is an active factor for firms in the sector.
corporate_social_responsibility
NB may also move because the CONSUMER GOODS sector may benefit from corporate_social_responsibility. Confidence 80%.
Okomu funded the mini-grid through its CSR programme and was commended for demonstrating responsible citizenship and reaffirming commitment to development.
brand_marketing
NB may also move because the CONSUMER GOODS sector may benefit from brand_marketing. Confidence 70%.
Nigerian Breweries is listed among brands that have used Shot By Thai's services; the hub would provide infrastructure for producing brand visual content.
weak_consumer_demand
NB may also move because the CONSUMER GOODS sector may move with weak_consumer_demand. Confidence 67%.
The article states 'The economy is so bad... everyone is begging', implying reduced consumer spending that would affect consumer goods firms.
NB
Nigerian Breweries Plc
Price: ₦75.00
P/E: 20.78
Yield: N/A
BUAFOODS
BUA Foods Plc
Price: ₦760.60
P/E: 24.87
Yield: 3.7%
CADBURY
Cadbury Nigeria Plc
Price: ₦64.90
P/E: 21.42
Yield: N/A
CHAMPION
Champion Breweries Plc
Price: ₦10.50
P/E: 76.36
Yield: 0.7%
Industry
Malt Beverages
Founded
1946
Employees
2,282
Exchange
NGX
Ticker
NB
NIGERIAN BREWERIES PLC.-HALY YEAR EARNINGS UPDATE
2026-07-30
NIGERIAN BREWERIES PLC.- QUARTER 2 - FINANCIAL STATEMENT FOR 2026
2026-07-30
₦31B
Book value / share
20.85
