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Dangote Sugar RefineryNSA:DSRP -2.79%54 EV-to-OCF is 111.98 as of Aug. 23, 2026, which is 2585% above its 10-year median of 4.17. GuruFocus rates NSA:DSRP with a GF Score™ of 54/100 and a GF Value™ of ₦77.29 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,987 Consumer Packaged Goods companies, Dangote Sugar Refinery ranks worse than 96.73% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Dangote Sugar Refinery's Enterprise Value is ₦1,531,265 Mil.
Dangote Sugar Refinery's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was ₦13,675 Mil. Therefore, Dangote Sugar Refinery's EV-to-OCF for today is 111.98.
The historical rank and industry rank for Dangote Sugar Refinery's EV-to-OCF or its related term are showing as below:
NSA:DSRP'
s EV-to-OCF Range Over the Past 10 Years
Min: -3.66 Med: 4.17 Max: 135.12
Current: 111.98
During the past 13 years, the highest EV-to-OCF of Dangote Sugar Refinery was 135.12. The lowest was -3.66. And the median was 4.17.
NSA:DSRP's EV-to-OCF is ranked worse than 96.73% of 1987
companies
in the Consumer Packaged Goods industry
Industry Median: 8.18
vs NSA:DSRP: 111.98
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Dangote Sugar Refinery's PE Ratio (TTM) for today is calculated as:
Dangote Sugar Refinery's share price for today is ₦67.90.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Dangote Sugar Refinery's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was ₦-5.088.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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.
For the Confectioners subindustry, Dangote Sugar Refinery's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dangote Sugar Refinery EV-to-OCF vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Dangote Sugar Refinery's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Dangote Sugar Refinery's EV-to-OCF falls into.
Dangote Sugar Refinery's current Enterprise Value is ₦1,531,265 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Dangote Sugar Refinery's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was ₦13,675 Mil.
* 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.
Dangote Sugar Refinery (NSA:DSRP) has a EV-to-OCF of 111.98 as of Aug. 23, 2026. This is 2585% above median its historical median of 4.17. According to the industry distribution chart, Dangote Sugar Refinery ranks #1922 out of 1987 companies in the Consumer Packaged Goods industry, placing it in the top 96.7%.
Is Dangote Sugar Refinery's EV-to-OCF too high?
Dangote Sugar Refinery's current EV-to-OCF of 111.98 is 2585% above median its 10-year median of 4.17. The Consumer Packaged Goods industry median EV-to-OCF is 8.18. Dangote Sugar Refinery's value of 111.98 is 1268.9% above this industry median. Based on the distribution chart, Dangote Sugar Refinery ranks #1922 out of 1987 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Dangote Sugar Refinery has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dangote Sugar Refinery's EV-to-OCF compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Dangote Sugar Refinery ranks #1922 out of 1987 companies for EV-to-OCF. This places Dangote Sugar Refinery in the lower half of its industry. The industry median EV-to-OCF is 8.18. Dangote Sugar Refinery's value of 111.98 is 1268.9% above this benchmark. While the company's 10-year median is 4.17 vs. the industry median of 8.18, Dangote Sugar Refinery has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Consumer Packaged Goods company?
The median EV-to-OCF among Consumer Packaged Goods companies is 8.18, based on 1,987 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dangote Sugar Refinery's current EV-to-OCF of 111.98 is 1268.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Consumer Packaged Goods industry, the median EV-to-OCF is 8.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dangote Sugar Refinery's current EV-to-OCF is 111.98, which is 2585% above median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dangote Sugar Refinery stock overvalued right now?
Based on GuruFocus' analysis, Dangote Sugar Refinery (NSA:DSRP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₦77.29, compared to a current price of ₦67.90 — trading 12.1% below its estimated fair value. The current EV-to-OCF is 111.98, which is 2585% above median its 10-year median of 4.17 and 1268.9% above the Consumer Packaged Goods industry median of 8.18. Dangote Sugar Refinery's overall GF Score™ is 54/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Dangote Sugar Refinery (NSA:DSRP), the current EV-to-OCF is 111.98 as of Aug. 23, 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 Dangote Sugar Refinery (NSA:DSRP) Overvalued in 2026?
Based on GuruFocus' analysis, Dangote Sugar Refinery stock appears to be undervalued.
The current stock price of ₦67.90 is trading 12.1% below its estimated GF Value™ of ₦77.29.
GuruFocus considers Dangote Sugar Refinery to be Modestly Undervalued.
Key valuation signals for NSA:DSRP:
EV-to-OCF: 111.98 (2585% above median its 10-year median of 4.17)
GF Value™: ₦77.29 vs. price of ₦67.90 (12.1% below fair value)
Industry Position: 1268.9% above the Consumer Packaged Goods median (#1922 of 1987)
No single metric tells the full story. See the NSA:DSRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dangote Sugar Refinery PLC is engaged in refining raw sugar to produce fortified and non-fortified granulated white sugar. The company distributes refined white sugar to consumers and industrial customers in Nigeria. The company is also engaged in the cultivation and milling of sugar cane to finished sugar. Its geographical segments include Northern Nigeria, Western Nigeria, Eastern Nigeria, and Lagos. The company derives a majority of its revenue from the Lagos region.
54GF Score
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