HBM Nigeria (NSA:HBMNG) FCF Margin %: 15.29% (As of Mar. 2026) — 24% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:HBMNG HBM Nigeria PLC NSA:HBMNG
78 GF Score
Price ₦335.00
GF Value ₦128.48
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is HBM Nigeria FCF Margin %?

HBM Nigeria NSA:HBMNG 78 FCF Margin % is 15.29% as of Mar. 2026, which is 24% below its 10-year median of 20.24. 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. Among 404 Building Materials companies, HBM Nigeria ranks better than 97.77% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. HBM Nigeria's Free Cash Flow for the three months ended in Mar. 2026 was ₦51,218 Mil. HBM Nigeria's Revenue for the three months ended in Mar. 2026 was ₦334,882 Mil. Therefore, HBM Nigeria's FCF Margin % for the quarter that ended in Mar. 2026 was 15.29%.

As of today, HBM Nigeria's current FCF Yield % is 7.37%.

The historical rank and industry rank for HBM Nigeria's FCF Margin % or its related term are showing as below:

NSA:HBMNG' s FCF Margin % Range Over the Past 10 Years
Min: -13.64   Med: 20.24   Max: 34.51
Current: 34.51


During the past 13 years, the highest FCF Margin % of HBM Nigeria was 34.51%. The lowest was -13.64%. And the median was 20.24%.

NSA:HBMNG's FCF Margin % is ranked better than
97.77% of 404 companies
in the Building Materials industry
Industry Median: 3.96 vs NSA:HBMNG: 34.51


HBM Nigeria FCF Margin % Related Terms


HBM Nigeria FCF Margin % Historical Data

* Premium members only.

The historical data trend for HBM Nigeria's FCF Margin % 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 FCF Margin % Chart

HBM Nigeria Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.07 20.75 26.98 20.02 20.45

HBM Nigeria Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % 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 -51.79 67.88 -5.93 62.96 15.29

NSA:HBMNG vs CRH, VMC, MLM: FCF Margin % Comparison

For the Building Materials subindustry, HBM Nigeria's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Building Materials Industry

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

* The bar in red indicates where HBM Nigeria's FCF Margin % falls into.


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

HBM Nigeria FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

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

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=218019.296/1066304.773
=20.45 %

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

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=51218.074/334882.138
=15.29 %

* 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 FCF Margin % →
What does a FCF Margin % of 15.29% mean?
HBM Nigeria (NSA:HBMNG) has a FCF Margin % of 15.29% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on HBM Nigeria and its competitors. This is 24% below median its historical median of 20.24. According to the industry distribution chart, HBM Nigeria ranks #9 out of 404 companies in the Building Materials industry, placing it in the top 2.2%.
Is HBM Nigeria's FCF Margin % too high?
HBM Nigeria's current FCF Margin % of 15.29% is 24% below median its 10-year median of 20.24. The Building Materials industry median FCF Margin % is 3.96. HBM Nigeria's value of 15.29% is 286.1% above this industry median. Based on the distribution chart, HBM Nigeria ranks #9 out of 404 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. 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 FCF Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, HBM Nigeria ranks #9 out of 404 companies for FCF Margin %. This places HBM Nigeria in the top 2% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.96. HBM Nigeria's value of 15.29% is 286.1% above this benchmark. While the company's 10-year median is 20.24 vs. the industry median of 3.96, HBM Nigeria 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 FCF Margin % for a Building Materials company?
The median FCF Margin % among Building Materials companies is 3.96, based on 404 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HBM Nigeria's current FCF Margin % of 15.29% is 286.1% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on HBM Nigeria and its competitors. For the Building Materials industry, the median FCF Margin % is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBM Nigeria's current FCF Margin % is 15.29%, which is 24% below median its own 10-year median of 20.24. 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 FCF Margin % is 15.29%, which is 24% below median its 10-year median of 20.24 and 286.1% above the Building Materials industry median of 3.96. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For HBM Nigeria (NSA:HBMNG), the current FCF Margin % is 15.29% 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:

  • FCF Margin %: 15.29% (24% below median its 10-year median of 20.24)
  • GF Value™: ₦128.48 vs. price of ₦335.00 (160.7% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 286.1% above the Building Materials median (#9 of 404)

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

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

₦335.00
Price
₦128.48
GF Value