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HBM NigeriaNSA:HBMNG -1.49%78 Net Margin % is 29.25% as of Mar. 2026, which is 111% above its 10-year median of 13.88. 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 405 Building Materials companies, HBM Nigeria ranks better than 95.31% on this metric.
Net margin is calculated as Net Income divided by its Revenue. HBM Nigeria's Net Income for the
three
months ended in Mar. 2026 was ₦97,954 Mil. HBM Nigeria's Revenue for the
three
months ended in Mar. 2026 was ₦334,882 Mil. Therefore, HBM Nigeria's net margin for the quarter that ended in Mar. 2026 was 29.25%.
The historical rank and industry rank for HBM Nigeria's Net Margin % or its related term are showing as below:
NSA:HBMNG'
s Net Margin % Range Over the Past 10 Years
Min: -11.7 Med: 13.88 Max: 54.04
Current: 27.97
NSA:HBMNG's Net Margin % is ranked better than 95.31% of 405
companies
in the Building Materials industry
Industry Median: 4.4
vs NSA:HBMNG: 27.97
HBM Nigeria (NSA:HBMNG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
HBM Nigeria Net Margin % Related Terms
HBM Nigeria Net Margin % Historical Data
* Premium members only.
The historical data trend for HBM Nigeria's Net 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.
NSA:HBMNG vs CRH, VMC, MLM: Net Margin % Comparison
For the Building Materials subindustry, HBM Nigeria's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, HBM Nigeria's Net Margin % distribution charts can be found below:
* The bar in red indicates where HBM Nigeria's Net Margin % falls into.
* 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 (NSA:HBMNG) has a Net Margin % of 29.25% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on HBM Nigeria and its competitors. This is 111% above median its historical median of 13.88. According to the industry distribution chart, HBM Nigeria ranks #19 out of 405 companies in the Building Materials industry, placing it in the top 4.7%.
Is HBM Nigeria's Net Margin % too high?
HBM Nigeria's current Net Margin % of 29.25% is 111% above median its 10-year median of 13.88. The Building Materials industry median Net Margin % is 4.40. HBM Nigeria's value of 29.25% is 564.8% above this industry median. Based on the distribution chart, HBM Nigeria ranks #19 out of 405 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 Net Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, HBM Nigeria ranks #19 out of 405 companies for Net Margin %. This places HBM Nigeria in the top 5% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.40. HBM Nigeria's value of 29.25% is 564.8% above this benchmark. While the company's 10-year median is 13.88 vs. the industry median of 4.40, 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 Net Margin % for a Building Materials company?
The median Net Margin % among Building Materials companies is 4.40, based on 405 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HBM Nigeria's current Net Margin % of 29.25% is 564.8% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on HBM Nigeria and its competitors. For the Building Materials industry, the median Net Margin % is 4.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBM Nigeria's current Net Margin % is 29.25%, which is 111% above median its own 10-year median of 13.88. 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 ₦330.00 — trading 156.8% above its estimated fair value. The current Net Margin % is 29.25%, which is 111% above median its 10-year median of 13.88 and 564.8% above the Building Materials industry median of 4.40. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For HBM Nigeria (NSA:HBMNG), the current Net Margin % is 29.25% 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 ₦330.00 is trading 156.8% above its estimated GF Value™ of ₦128.48.
GuruFocus considers HBM Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:HBMNG:
Net Margin %: 29.25% (111% above median its 10-year median of 13.88)
GF Value™: ₦128.48 vs. price of ₦330.00 (156.8% above fair value)
Industry Position: 564.8% above the Building Materials median (#19 of 405)
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.
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
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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