Valuation
31
Champion trades at a severe valuation premium (P/E 100.5x vs. sector median 19.9x) with deteriorating fundamentals—ROE of 2.2% trails peers at 38.9%—triggering our Avoid rating. The critical near-term watch is whether management's recent leadership transition stabilizes operations and improves profitability; current FCF yield of 0.0% and thin 4.1% net margins leave no margin for error.
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦0.7 | ₦0.7 | — | 08 May 2026 | 22 May 2026 |
| 2024 | — | ₦0.06 | ₦0.06 | — | — | 21 May 2025 |
| 2023 | — | — | — | 1 for 7 | — | — |
| Symbol | Composite | P/E | P/B | ROE | Tier |
|---|---|---|---|---|---|
| NNFM | 36.2 | 510.7x | 1.2x | 0.2% | Illiquid |
| DANGSUGAR | 38.6 | — | 5.6x | -14.4% | Avoid |
| GUINNESS | 42.2 | 23.4x | 14.9x | 57.4% | Neutral |
| INTBREW | 43.8 | 41.7x | 3.4x | 7.9% | Illiquid |
| CADBURY | 45.7 | 17.3x | 8.3x | 38.9% | Neutral |
| BUAFOODS | 50.1 | 31.6x | 19.8x | 62.6% | Neutral |