HBM Nigeria (NSA:HBMNG) 1-Year ROIIC % : 140.27% (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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
77 GF Score
Price ₦334.00
GF Value ₦139.56
Valuation Significantly Overvalued
! 3 Warning Signs
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What is HBM Nigeria 1-Year ROIIC %?

HBM Nigeria NSA:HBMNG 77 1-Year ROIIC % is 140.27 as of Jun. 2026. GuruFocus rates NSA:HBMNG with a GF Score™ of 77/100 and a GF Value™ of ₦139.56 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 339 Building Materials companies, HBM Nigeria ranks better than 92.04% on this metric.

1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year. HBM Nigeria's 1-Year ROIIC % for the quarter that ended in Jun. 2026 was 140.27%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for HBM Nigeria's 1-Year ROIIC % or its related term are showing as below:

NSA:HBMNG's 1-Year ROIIC % is ranked better than
92.04% of 339 companies
in the Building Materials industry
Industry Median: 3.4 vs NSA:HBMNG: 140.27

HBM Nigeria  (NSA:HBMNG) 1-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


HBM Nigeria 1-Year ROIIC % Related Terms


HBM Nigeria 1-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for HBM Nigeria's 1-Year ROIIC % 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 1-Year ROIIC % Chart

HBM Nigeria Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
1-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -73.75 31.38 2.74 21.86 -412.17

HBM Nigeria Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
1-Year ROIIC % 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 65.41 359.97 -412.17 119.65 140.27

NSA:HBMNG vs CRH, VMC, MLM: 1-Year ROIIC % Comparison

For the Building Materials subindustry, HBM Nigeria's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % 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 1-Year ROIIC % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, HBM Nigeria's 1-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where HBM Nigeria's 1-Year ROIIC % falls into.


NSA:HBMNG
77GF Score
HBM Nigeria PLC NSA:HBMNG
1-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HBM Nigeria 1-Year ROIIC % Calculation

HBM Nigeria's 1-Year ROIIC % for the quarter that ended in Jun. 2026 is calculated as:

1-Year ROIIC %=1-Year Incremental Net Operating Profit After Taxes (NOPAT)**/1-Year Incremental Invested Capital
=( 323647.2384 (Jun. 2026) - 198084.8828 (Jun. 2025) )/( 885635.889 (Jun. 2026) - 796121.986 (Jun. 2025) )
=125562.3556/89513.903
=140.27%***

* 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.

** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 1-Year ROIIC % →
What does a 1-Year ROIIC % of 140.27 mean?
HBM Nigeria (NSA:HBMNG) has a 1-Year ROIIC % of 140.27 as of Jun. 2026. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on HBM Nigeria and its competitors. According to the industry distribution chart, HBM Nigeria ranks #27 out of 339 companies in the Building Materials industry, placing it in the top 8%.
Is HBM Nigeria's 1-Year ROIIC % too high?
HBM Nigeria's current 1-Year ROIIC % is 140.27. The Building Materials industry median 1-Year ROIIC % is 3.40. HBM Nigeria's value of 140.27 is 4025.6% above this industry median. Based on the distribution chart, HBM Nigeria ranks #27 out of 339 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 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HBM Nigeria's 1-Year ROIIC % compare to CRH and VMC?
According to the Building Materials industry distribution chart, HBM Nigeria ranks #27 out of 339 companies for 1-Year ROIIC %. This places HBM Nigeria in the top 8% of its industry — outperforming the majority of peers. The industry median 1-Year ROIIC % is 3.40. HBM Nigeria's value of 140.27 is 4025.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 1-Year ROIIC % for a Building Materials company?
The median 1-Year ROIIC % among Building Materials companies is 3.40, based on 339 companies in the industry. Companies in the top quartile (top 25%) have a 1-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 1-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HBM Nigeria's current 1-Year ROIIC % of 140.27 is 4025.6% 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 1-Year ROIIC % mean?
A high 1-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on HBM Nigeria and its competitors. For the Building Materials industry, the median 1-Year ROIIC % is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBM Nigeria's current 1-Year ROIIC % is 140.27. 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 ₦139.56, compared to a current price of ₦334.00 — trading 139.3% above its estimated fair value. The current 1-Year ROIIC % is 140.27 and 4025.6% above the Building Materials industry median of 3.40. HBM Nigeria's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 1-Year ROIIC % calculated?
1-Year ROIIC % is calculated from a company's financial statements. For HBM Nigeria (NSA:HBMNG), the current 1-Year ROIIC % is 140.27 as of Jun. 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 ₦334.00 is trading 139.3% above its estimated GF Value™ of ₦139.56. GuruFocus considers HBM Nigeria to be Significantly Overvalued.

Key valuation signals for NSA:HBMNG:

  • 1-Year ROIIC %: 140.27
  • GF Value™: ₦139.56 vs. price of ₦334.00 (139.3% above fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 4025.6% above the Building Materials median (#27 of 339)

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.
77GF Score

Get the complete analysis for NSA:HBMNG

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

₦334.00
Price
₦139.56
GF Value