Sign in
GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%GTCO58.40+1.24%ZENITHBANK46.10-0.43%UBA32.85+0.92%ACCESSCORP22.30-1.10%FBNH28.70+0.35%STANBIC56.25+1.62%FCMB8.95-0.55%WEMABANK11.50+2.21%DANGCEM462.00+0.65%BUACEMENT95.40-0.22%WAPCO38.25+1.86%NESTLE1180.00-0.42%DANGSUGAR36.20+0.83%FLOURMILL64.55+1.49%UNILEVER18.45-1.07%NB35.60+2.45%GUINNESS64.10+0.16%SEPLAT5800.00+1.92%
Company Intelligence Terminal · Consumer Goods · Food & Beverage

FLOURMILL · Flour Mills of Nigeria

Flour Mills of Nigeria

FLOURMILL
NGXEquity · Ordinary SharesConsumer GoodsFood & Beverage
64.55NGN+1.49%
Market cap ₦265.00B · as of 17 Jun 2026, 08:46
Ask about FLOURMILL
Current price
64.55NGN
Open
63.40
Previous close
63.60
Today's range
63.40 – 65.09
52-week high
64.07
52-week low
56.42
Deals
788
Volume
2.5M
Value traded
₦163.3M
Market cap
₦265.00B
YTD performance
+1.49%

Company profile

Flour Mills of Nigeria is a leading consumer & goods operator in Nigeria, with operations spanning multiple states and a track record across investment cycles.

CEO
Omoboyede Olusanya
HQ
Lagos
Founded
1960
Employees
12,000
Sector
Consumer Goods
Sub-sector
Food & Beverage
Ticker
FLOURMILL
Website
flourmill.ng
Beta
0.85
AI-generated summary

Flour Mills of Nigeria (FLOURMILL) operates in Nigeria's consumer & goods value chain with an estimated FY2024 revenue of ₦215bn and PAT of ₦28bn. Headline ROE is 10.8% and leverage sits at 0.50x debt-to-equity, mapping to a composite risk score of 24/100 (Low).

Bull case
  • Scale leadership within its consumer & goods sub-sector with durable distribution moat.
  • Resilient ROE supports re-rating if rates ease in H2.
  • Capital-light reinvestment runway versus listed peers.
Bear case
  • FX volatility could compress imported-input margins.
  • Working-capital build-up in a 27.5% MPR environment.
  • Sector regulatory cadence could front-load compliance cost.

Key risks

  • Macro: persistent inflation > 25% pressuring real demand.
  • Sector-specific regulatory action and tariff resets.
  • Single-market concentration in Nigeria.

Recent developments

  • Board recommended final dividend at last AGM cycle.
  • Operational expansion announced in Lagos corridor.
  • Engagement with CBN on FX repatriation framework noted in latest filing.

Recent news

  • positiveProshare Markets· 09 Jun
    Flour Mills of Nigeria signs MoU with CBN on FX repatriation framework
  • neutralNGX Wire· 07 Jun
    FLOURMILL crosses key technical level on rising volume
  • negativeProshare Research· 04 Jun
    Analysts trim FLOURMILL FY26 EPS estimate by 4% on margin pressure
  • positiveBusinessDay· 01 Jun
    Flour Mills of Nigeria expands Lagos operations with NGN 5.3bn capex