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Nigerian Breweries Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nigerian Breweries and similar public comparables like International Breweries, East African Breweries, CompañÃa de CervecerÃas Unidas, Tuborg and more.
Nigerian Breweries Overview
About Nigerian Breweries
Nigerian Breweries PLC is a Brewing firm. The company's principal activities are brewing, marketing, and selling lager, stout, non-alcoholic malt, and soft drinks. Geographically, it derives a majority of its revenue from Nigeria and also has a presence in the United Kingdom, the Netherlands, the United States of America, Canada, some parts of Africa, and parts of the Middle East and Asia. The company's brands include Star, Goldberg, Turbo King, Ace Bitters, Gulder, Maltina, Legend Extra Stout, Amstel Malta, Heineken, Maltina Sip-it, Fayrouz, Goldberg, Malta Gold, and others.
Founded
1946
HQ

Employees
2.3K
Website
Sectors
Financials (LTM)
EV
$2B
Nigerian Breweries Financials
Nigerian Breweries reported last 12-month revenue of $1B and EBITDA of $221M.
In the same LTM period, Nigerian Breweries generated $439M in gross profit, $221M in EBITDA, and $87M in net income.
Nigerian Breweries P&L
In the most recent fiscal year, Nigerian Breweries reported revenue of $1B and EBITDA of $206M.
Nigerian Breweries expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $439M | XXX | $408M | XXX | XXX | XXX |
| Gross Margin | 40% | XXX | 39% | XXX | XXX | XXX |
| EBITDA | $221M | XXX | $206M | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $87M | XXX | $73M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 7% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nigerian Breweries Stock Performance
Nigerian Breweries has current market cap of $2B, and enterprise value of $2B.
Nigerian Breweries' stock price is $0.06.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | — | XXX | XXX | XXX | $0.00 |
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Start Free TrialNigerian Breweries Valuation Multiples
Nigerian Breweries trades at 1.6x EV/Revenue multiple, and 8.1x EV/EBITDA.
Nigerian Breweries Financial Valuation Multiples
As of March 29, 2026, Nigerian Breweries has market cap of $2B and EV of $2B.
Equity research analysts estimate Nigerian Breweries' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nigerian Breweries has a P/E ratio of 20.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 8.1x | XXX | 8.7x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 12.1x | XXX | XXX | XXX |
| EV/Gross Profit | 4.1x | XXX | 4.4x | XXX | XXX | XXX |
| P/E | 20.7x | XXX | 24.5x | XXX | XXX | XXX |
| EV/FCF | (34.8x) | XXX | 23.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nigerian Breweries Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Nigerian Breweries Margins & Growth Rates
Nigerian Breweries' revenue in the last 12 month grew by 21%.
Nigerian Breweries' revenue per employee in the last FY averaged $0.5M.
Nigerian Breweries' rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nigerian Breweries' rule of X is 73% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Nigerian Breweries Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 30% | XXX | 33% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 41% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 73% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 19% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nigerian Breweries Public Comps
See public comps and valuation multiples for other Alcohol comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| International Breweries | XXX | XXX | XXX | XXX | XXX | XXX |
| East African Breweries | XXX | XXX | XXX | XXX | XXX | XXX |
| CompañÃa de CervecerÃas Unidas | XXX | XXX | XXX | XXX | XXX | XXX |
| Tuborg | XXX | XXX | XXX | XXX | XXX | XXX |
| SABECO | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Nigerian Breweries M&A Activity
Nigerian Breweries acquired XXX companies to date.
Last acquisition by Nigerian Breweries was on XXXXXXXX, XXXXX. Nigerian Breweries acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nigerian Breweries
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNigerian Breweries Investment Activity
Nigerian Breweries invested in XXX companies to date.
Nigerian Breweries made its latest investment on XXXXXXXX, XXXXX. Nigerian Breweries invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nigerian Breweries
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Nigerian Breweries
| When was Nigerian Breweries founded? | Nigerian Breweries was founded in 1946. |
| Where is Nigerian Breweries headquartered? | Nigerian Breweries is headquartered in Nigeria. |
| How many employees does Nigerian Breweries have? | As of today, Nigerian Breweries has over 2K employees. |
| Is Nigerian Breweries publicly listed? | Yes, Nigerian Breweries is a public company listed on Nigerian Exchange. |
| What is the stock symbol of Nigerian Breweries? | Nigerian Breweries trades under NB ticker. |
| Who are competitors of Nigerian Breweries? | Nigerian Breweries main competitors are International Breweries, East African Breweries, CompañÃa de CervecerÃas Unidas, Tuborg. |
| What is the current market cap of Nigerian Breweries? | Nigerian Breweries' current market cap is $2B. |
| What is the current revenue of Nigerian Breweries? | Nigerian Breweries' last 12 months revenue is $1B. |
| What is the current revenue growth of Nigerian Breweries? | Nigerian Breweries revenue growth (NTM/LTM) is 21%. |
| What is the current EV/Revenue multiple of Nigerian Breweries? | Current revenue multiple of Nigerian Breweries is 1.6x. |
| Is Nigerian Breweries profitable? | Yes, Nigerian Breweries is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nigerian Breweries? | Nigerian Breweries' last 12 months EBITDA is $221M. |
| What is Nigerian Breweries' EBITDA margin? | Nigerian Breweries' last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Nigerian Breweries? | Current EBITDA multiple of Nigerian Breweries is 8.1x. |
| What is the current FCF of Nigerian Breweries? | Nigerian Breweries' last 12 months FCF is ($51M). |
| What is Nigerian Breweries' FCF margin? | Nigerian Breweries' last 12 months FCF margin is (5%). |
| What is the current EV/FCF multiple of Nigerian Breweries? | Current FCF multiple of Nigerian Breweries is (34.8x). |
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