Valuation
50
NNFM · Northern Nigeria Flour Mills Plc
Illiquid Neutral Quality 2/5Distress proxy: 0.49 (Distress concern)
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Composite score
36.2
Tier: Illiquid
Last close
₦79
As of latest snapshot
30-day ADV
₦179.0K
Liquidity signal
Market cap
₦14.15B
Consumer Goods
Financials
21
Technical
36
AI bottom line
NNFM's extreme valuation disconnect—a 510.7x P/E versus the 19.5x sector median—overwhelms an already weak financial profile (0.2% ROE, 21/100 financials score), signaling either deep distress or severe mispricing. The critical watch is whether the 4.9% FCF yield materializes into sustained profitability, given liquidity constraints (₦178k daily volume) will limit exit velocity.
Stock Snowflake 5-axis radar
Blue = NNFM. Gold dash = Consumer Goods median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 510.7x — about 2466% above the Consumer Goods median of 19.9x.
- ROE of 0.2% — well below sector median of 38.9%. Capital is underperforming.
Risk flags
Thin liquidity — 30d ADV ≈ ₦0.2M
Premium valuation — P/E 510.7x vs sector median 19.9x
Price & trend
Close price with 50-day and 200-day moving averages, last 12 months.
Composite score history
How the model has rated this stock over the available history. Tier changes happen at 75 / 60 / 40.
Key metrics
Valuation
P/E ratio510.7x
P/B ratio1.2x
P/S ratio0.7x
EV/EBITDA44.8x
FCF yield4.9%
Financials
ROE0.2%
ROA0.1%
Net margin0.1%
FCF margin3.2%
Debt / Equity1.2x
Technical
Last close₦79
Above 50d MA0.0%
Above 200d MA-5.1%
ADX (trend)0.0
RSI100.0
Dividend history 4 fiscal years shown
All amounts are gross of Nigeria's 10% withholding tax on dividends. Bonus ratios are 'new shares for shares held'.
Current yield: 0.70%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2023 | — | ₦0.5 | ₦0.5 | — | — | 19 Nov 2024 |
| 2022 | — | ₦0.35 | ₦0.35 | — | — | 08 Sep 2023 |
| 2020 | — | ₦0.15 | ₦0.15 | — | — | 10 Aug 2021 |
| 2019 | — | ₦0.15 | ₦0.15 | — | — | 10 Sep 2020 |
Peers in Consumer Goods
Closest names by composite score within the same sector. Click a symbol to open its detail page.
| Symbol | Composite | P/E | P/B | ROE | Tier |
|---|---|---|---|---|---|
| CHAMPION | 35.6 | 100.5x | 3.0x | 2.2% | Avoid |
| 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 |
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