HBM Nigeria (NSA:HBMNG) Enterprise Value: ₦4,958,447 Mil (As of Jul. 15, 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 Enterprise Value?

HBM Nigeria NSA:HBMNG 78 Enterprise Value is ₦4,958,447 Mil as of Jul. 15, 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.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, HBM Nigeria's Enterprise Value is ₦4,958,447 Mil. HBM Nigeria's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₦487,339 Mil. Therefore, HBM Nigeria's EV-to-EBIT ratio for today is 10.17.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, HBM Nigeria's Enterprise Value is ₦4,958,447 Mil. HBM Nigeria's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₦524,602 Mil. Therefore, HBM Nigeria's EV-to-EBITDA ratio for today is 9.45.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, HBM Nigeria's Enterprise Value is ₦4,958,447 Mil. HBM Nigeria's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₦1,152,836 Mil. Therefore, HBM Nigeria's EV-to-Revenue ratio for today is 4.30.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, HBM Nigeria's Enterprise Value is ₦4,958,447 Mil. HBM Nigeria's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ₦550,964 Mil. Therefore, HBM Nigeria's EV-to-OCF ratio for today is 9.00.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, HBM Nigeria's Enterprise Value is ₦4,958,447 Mil. HBM Nigeria's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₦397,858 Mil. Therefore, HBM Nigeria's EV-to-FCF ratio for today is 12.46.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


HBM Nigeria  (NSA:HBMNG) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

HBM Nigeria's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=4958447.467/487338.765
=10.17

HBM Nigeria's current Enterprise Value is ₦4,958,447 Mil.
HBM Nigeria's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦487,339 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

HBM Nigeria's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=4958447.467/524602.187
=9.45

HBM Nigeria's current Enterprise Value is ₦4,958,447 Mil.
HBM Nigeria's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦524,602 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

HBM Nigeria's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=4958447.467/1152836.336
=4.30

HBM Nigeria's current Enterprise Value is ₦4,958,447 Mil.
HBM Nigeria's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦1,152,836 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

HBM Nigeria's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=4958447.467/550963.546
=9.00

HBM Nigeria's current Enterprise Value is ₦4,958,447 Mil.
HBM Nigeria's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦550,964 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

HBM Nigeria's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=4958447.467/397858.042
=12.46

HBM Nigeria's current Enterprise Value is ₦4,958,447 Mil.
HBM Nigeria's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦397,858 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.


HBM Nigeria Enterprise Value Related Terms


HBM Nigeria Enterprise Value Historical Data

* Premium members only.

The historical data trend for HBM Nigeria's Enterprise Value 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 Enterprise Value Chart

HBM Nigeria Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 356,416.20 306,397.40 367,795.75 893,724.24 1,782,944.55

HBM Nigeria Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 1,033,715.37 1,164,150.40 1,791,608.37 1,782,944.55 3,104,440.24

NSA:HBMNG vs CRH, VMC, MLM: Enterprise Value Comparison

For the Building Materials subindustry, HBM Nigeria's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


HBM Nigeria Enterprise Value vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, HBM Nigeria's Enterprise Value distribution charts can be found below:

* The bar in red indicates where HBM Nigeria's Enterprise Value falls into.


NSA:HBMNG
78GF Score
HBM Nigeria PLC NSA:HBMNG
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HBM Nigeria Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

HBM Nigeria's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

HBM Nigeria's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of ₦4,958,447 Mil mean?
HBM Nigeria (NSA:HBMNG) has a Enterprise Value of ₦4,958,447 Mil as of Jul. 15, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on HBM Nigeria and its competitors.
Is HBM Nigeria's Enterprise Value too high?
HBM Nigeria's current Enterprise Value is ₦4,958,447 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 Enterprise Value compare to CRH and VMC?
HBM Nigeria's Enterprise Value of ₦4,958,447 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 Enterprise Value for a Building Materials company?
A good Enterprise Value depends on the Building Materials industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on HBM Nigeria and its competitors. HBM Nigeria's current Enterprise Value is ₦4,958,447 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 Enterprise Value is ₦4,958,447 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For HBM Nigeria (NSA:HBMNG), the current Enterprise Value is ₦4,958,447 Mil as of Jul. 15, 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:

  • Enterprise Value: ₦4,958,447 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

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

₦335.00
Price
₦128.48
GF Value