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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Flour Mills Nigeria Plc
Main Activities: Food Manufacturing - Flour Milling and Malt Manufacturing
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Company Information |
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Full name Flour Mills Nigeria Plc Headquarters "Flour Mills of Nigera Plc 2 Old Dock Road, P.O. Box 341, Apapa, Lagos."; Lagos; Lagos |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : NGFLOURMILL0 Financial Auditors: Akintola Williams Deloitte (2009) Incorporation Date: August 14, 1979 Total Employees: 3,444 Tel: +234 1 5803370-9,5453960-9 |
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Company Description |
| Flour Mills of Nigeria Plc (FMN) is one of the largest and most successful industrial conglomerates in Nigeria. The Company’s activities span flour milling, pasta manufacturing, port operations, cement trade & manufacturing, fertilizer blending, bags & other packaging materials manufacturing and agricultural business. Since its incorporation in 1960, FMN has not only survived all macroeconomic challenges but also grown into a market leader with popular and highly recognizable brands, an extensive | ||
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2009, total net operating revenues increased with 41.13%, from NGN 129,058,547 thousands to NGN 182,142,045 thousands. Operating result increased from NGN 9,353,007 thousands to NGN 13,095,829 thousands which means 40.02% change. The results of the period decreased -39.82% reaching NGN 3,815,438 thousands at the end of the period against NGN 6,340,163 thousands last year. Return on equity (Net income/Total equity) went from 18.09% to 10.20%, the Return On Asset (Net income / Total Asset) went from 5.81% to 2.77% and the Net Profit Margin (Net Income/Net Sales) went from 4.91% to 2.09% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 276.37% compared to 220.28% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.11 to 1.04 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2013 Q3C (cons) |
2013 Q2C (cons) |
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| Non-Audited | Non-Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
276,689,632 |
322,855,776 |
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Current Assets |
113,995,232 |
169,638,736 |
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Total Liabilities |
190,442,496 |
181,479,104 |
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Shareholders Equity |
86,247,128 |
141,376,672 |
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Current Liabilities |
111,252,096 |
127,429,736 |
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| * All the accounts are in NGN. | ||
Income Statement
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Total Operating Revenue |
206,866,447 |
138,756,629 |
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Operational Profit (Loss) |
16,294,422 |
13,291,420 |
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Net Profit (Loss) |
7,452,279 |
6,955,732 |
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| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.69% |
2.15% |
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Annualised Return on Assets (ROA) |
3.59% |
4.3% |
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Return on Equity (ROE) |
8.64% |
4.92% |
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Annualised Return on Equity (ROE) |
11.52% |
9.84% |
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Return on Sales (ROS) |
3.63% |
5.06% |
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Return on Capital |
4.93% |
3.84% |
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Gross Profit Margin |
12.69% |
14.61% |
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Operating Profit Margin |
7.69% |
9.42% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
23.97x |
1.79x |
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Inventory Turnover |
2.52x |
1.71x |
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Current asset turnover |
1.80x |
0.81x |
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Fixed-asset turnover |
1.26x |
0.90x |
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Asset Turnover |
0.74x |
0.43x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
17,150,928 |
14,129,729 |
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EBITDA |
17,150,928 |
14,129,729 |
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Enterprise value |
192,173,513 |
187,897,613 |
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Enterprise Value / EBITDA |
11.20 |
13.30 |
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Bookvalue (BV) |
187,177,244 |
233,479,208 |
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Net Cash |
-91,764,528 |
-110,059,860 |
| Liquidity Ratios | ||
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Current Ratio |
102.47% |
133.12% |
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Quick ratio |
38.59% |
79.18% |
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Doom's day ratio |
17.52% |
13.63% |
| Leverage Ratios | ||
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Leverage ratio |
320.81% |
228.37% |
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Interest Coverage Ratio |
193.63% |
247.68% |
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Debt to equity |
220.81% |
128.37% |
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Debt to total assets |
68.83% |
56.21% |
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Long Term Debt to Capital |
100% |
100% |
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Debt / Enterprise Value |
46.58% |
47.57% |
| Market ratios | ||
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Market Capitalization/EBITDA |
7.12 |
8.20 |
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Price/Book Ratio |
0.65 |
0.50 |
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Market Cap / Net cash |
-1.33 |
-1.05 |
| Trend Ratios | ||
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Revenue Trend |
101.61% |
107.57% |
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Net Income Trend |
100.64% |
104.5% |
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Operating Income Trend |
87.58% |
103.61% |
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