Nestle Nigeria (TSX:NSTL) Construction In Progress: C$155 Mil (As of Mar. 2026)


TSX:NSTL Nestle Nigeria PLC TSX:NSTL
64 GF Score
Price C$24.36
GF Value C$16.77
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Nestle Nigeria Construction In Progress?

Nestle Nigeria TSX:NSTL 64 Construction In Progress is C$155 Mil as of Mar. 2026. GuruFocus rates TSX:NSTL with a GF Score™ of 64/100 and a GF Value™ of C$16.77 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Nestle Nigeria's quarterly construction in progress increased from Sep. 2025 (C$111 Mil) to Dec. 2025 (C$146 Mil) and increased from Dec. 2025 (C$146 Mil) to Mar. 2026 (C$155 Mil).

Nestle Nigeria's annual construction in progress increased from Dec. 2023 (C$68 Mil) to Dec. 2024 (C$108 Mil) and increased from Dec. 2024 (C$108 Mil) to Dec. 2025 (C$146 Mil).

Nestle Nigeria Construction In Progress Historical Data

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The historical data trend for Nestle 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.

Nestle Nigeria Construction In Progress Chart

Nestle 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 24.67 33.96 67.96 107.81 145.77

Nestle 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 124.08 125.59 111.46 145.77 155.27
TSX:NSTL
64GF Score
Nestle Nigeria PLC TSX:NSTL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Nestle 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 C$155 Mil mean?
Nestle Nigeria (TSX:NSTL) has a Construction In Progress of C$155 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Nestle Nigeria and its competitors.
Is Nestle Nigeria's Construction In Progress too high?
Nestle Nigeria's current Construction In Progress is C$155 Mil. Overall, Nestle Nigeria has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nestle Nigeria's Construction In Progress compare to KHC and GIS?
Nestle Nigeria's Construction In Progress of C$155 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Construction In Progress depends on the Consumer Packaged Goods 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 Nestle Nigeria and its competitors. Nestle Nigeria's current Construction In Progress is C$155 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nestle Nigeria stock overvalued right now?
Based on GuruFocus' analysis, Nestle Nigeria (TSX:NSTL) is currently considered Significantly Overvalued. The stock's GF Value™ is C$16.77, compared to a current price of C$24.36 — trading 45.3% above its estimated fair value. The current Construction In Progress is C$155 Mil. Nestle Nigeria's overall GF Score™ is 64/100 with 8 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 Nestle Nigeria (TSX:NSTL), the current Construction In Progress is C$155 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 Nestle Nigeria (TSX:NSTL) Overvalued in 2026?

Based on GuruFocus' analysis, Nestle Nigeria stock appears to be overvalued. The current stock price of C$24.36 is trading 45.3% above its estimated GF Value™ of C$16.77. GuruFocus considers Nestle Nigeria to be Significantly Overvalued.

Key valuation signals for TSX:NSTL:

  • Construction In Progress: C$155 Mil
  • GF Value™: C$16.77 vs. price of C$24.36 (45.3% above fair value)
  • GF Score™: 64/100 with 8 warning signs

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

Nestle Nigeria Business Description

Other Exchanges NESTLE:Nigeria
Address 22-24, Industrial Avenue, Ilupeju, Lagos, NGA, 102215
Nestle Nigeria PLC is a food and beverage company. It is involved in the business of manufacturing, marketing, and distribution of food products. The firm has categorized its products into Baby foods, Coffee, Culinary, Dairy, Drinks, and Recipes. It develops and markets its products under brands such as Cerelac, Nescafe, Nido, Maggi, Milo, etc. The company has Food and Beverage reportable segments. The Food segment engaged in the production and sale of Maggi, Cerelac, SMA, Nan, Lactogen, and Golden Morn. The Beverage segment consists of the production and sale of Milo, Chocomilo, Nido, Nescafe, Milo ready-to-drink, and Nestle Pure Life. The Food segment generates the majority of the revenue. Geographically, the majority of the revenue is generated from Nigeria.
64GF Score

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

C$24.36
Price
C$16.77
GF Value