Market Update

Nigerian Breweries Announces N1.00 Interim Div, Despite Reduced Nine Months Earnings (Hold)

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Key Ratios

  • Nine months EPS is currently estimated at N2.66 lower than the N3.46 estimated in similar quarter of 2015
  • Dividend payout ratio is 37.60% while the sustainable growth rate is currently 7.66%
  • Investment coverage stands above the industrial average at 9.74x
  • Return on Average Assets maintained downward slope, as it stand below corresponding period estimate
  • See below for more details

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