HBM Nigeria (NSA:HBMNG) Construction In Progress: ₦163,637 Mil (As of Mar. 2026)

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NSA:HBMNG HBM Nigeria PLC NSA:HBMNG
78 GF Score
Price ₦335.00
GF Value ₦128.48
Valuation Significantly Overvalued
! 5 Warning Signs
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What is HBM Nigeria Construction In Progress?

HBM Nigeria NSA:HBMNG 78 Construction In Progress is ₦163,637 Mil as of Mar. 2026. GuruFocus rates NSA:HBMNG with a GF Score™ of 78/100 and a GF Value™ of ₦128.48 (Significantly Overvalued). The stock has 5 warning signs investors should review.

HBM Nigeria's quarterly construction in progress declined from Sep. 2025 (₦98,233 Mil) to Dec. 2025 (₦76,406 Mil) but then increased from Dec. 2025 (₦76,406 Mil) to Mar. 2026 (₦163,637 Mil).

HBM Nigeria's annual construction in progress increased from Dec. 2023 (₦74,432 Mil) to Dec. 2024 (₦88,680 Mil) but then declined from Dec. 2024 (₦88,680 Mil) to Dec. 2025 (₦76,406 Mil).

HBM Nigeria Construction In Progress Historical Data

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The historical data trend for HBM Nigeria's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HBM Nigeria Construction In Progress Chart

HBM Nigeria Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52,925.65 0.00 74,432.44 88,679.69 76,405.74

HBM Nigeria Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 91,367.04 87,792.91 98,232.63 76,405.74 163,637.47
NSA:HBMNG
78GF Score
HBM Nigeria PLC NSA:HBMNG
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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HBM Nigeria Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₦163,637 Mil mean?
HBM Nigeria (NSA:HBMNG) has a Construction In Progress of ₦163,637 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on HBM Nigeria and its competitors.
Is HBM Nigeria's Construction In Progress too high?
HBM Nigeria's current Construction In Progress is ₦163,637 Mil. Overall, HBM Nigeria has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HBM Nigeria's Construction In Progress compare to CRH and VMC?
HBM Nigeria's Construction In Progress of ₦163,637 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Building Materials company?
A good Construction In Progress depends on the Building Materials industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on HBM Nigeria and its competitors. HBM Nigeria's current Construction In Progress is ₦163,637 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBM Nigeria stock overvalued right now?
Based on GuruFocus' analysis, HBM Nigeria (NSA:HBMNG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦128.48, compared to a current price of ₦335.00 — trading 160.7% above its estimated fair value. The current Construction In Progress is ₦163,637 Mil. HBM Nigeria's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For HBM Nigeria (NSA:HBMNG), the current Construction In Progress is ₦163,637 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HBM Nigeria (NSA:HBMNG) Overvalued in 2026?

Based on GuruFocus' analysis, HBM Nigeria stock appears to be overvalued. The current stock price of ₦335.00 is trading 160.7% above its estimated GF Value™ of ₦128.48. GuruFocus considers HBM Nigeria to be Significantly Overvalued.

Key valuation signals for NSA:HBMNG:

  • Construction In Progress: ₦163,637 Mil
  • GF Value™: ₦128.48 vs. price of ₦335.00 (160.7% above fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the NSA:HBMNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HBM Nigeria Business Description

Address No. 27B, Gerrard Road, Ikoyi, Lagos, NGA
Lafarge Africa PLC through its subsidiaries is engaged in manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. The brands in products portfolio of the company includes ECOPlanet Unicem, Elephant cement, ThermoSet, Watershield, Powermax, and Supaset cement among others. It has two segments Cement & Readymix products. The majority of the revenue is generated from the cement segment.
78GF Score

Get the complete analysis for NSA:HBMNG

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦335.00
Price
₦128.48
GF Value