Quoted Companies In Nigeria Valued At Over $1 Billion As Of Q3 2024
Nigerian FinTech startup Moniepoint as of late has joined the lofty positions of Nigerian unicorns, Flutterwave, Interswitch, and Paystack as a privately owned business esteemed at more than $1 billion.
While these organizations grandstand the amazing development of Nigeria’s tech biological system, their stay private which cutoff points direct venture potential open doors for Nigerians with these high-esteem organizations.
For financial backers anxious to take advantage of billion-dollar valuations organizations, the Nigerian Trade (NGX) gives an elective stage through its recorded organizations, some of which surpass the $1 billion imprint, mirroring the market’s concentrated worth and the country’s monetary variety.
Market outline
As of November 2024, NGX has north of 160 recorded organizations, however a couple outperform the $1 billion in market capitalization.
The trade’s all out market capitalization remains at N58.91 trillion ($35.31 billion), with its main nine firms representing a significant 70.31% of this figure.
The main three organizations — Airtel Africa, Dangote Concrete, and BUA Food sources — by and large address esteemed at N23.535 trillion (around $14.046 billion), representing 39.77% of the complete market capitalization.
The following are the top public corporations on NGX with market capitalization above $1 billion utilizing an authority swapping scale of N1,675.49 as of 31st October 2024.
- Aradel Possessions (Oil and Gas) – $1.28 billion
Aradel Property entered the rundown with a market capitalization of N2.15 trillion (roughly $1.28 billion), representing 3.64% of the general values market.
Its stock is seen as a significant speculation, supported by a 9-month income increment to $0.244 billion (N377.58 billion) and a pre-charge benefit of $124.16 million (N191.45 billion).
Aradel Property appeared on the NGX Primary Board on October 14, 2024, at N702.69 per share. In any case, by October 31, the offer cost had dropped 29.54% to N459.10.
The organization is at present exchanging at 14.82 times its following a year income for every offer.
The organization deals with the Ogbele, Olo, and Olo West minor fields, procured from NNPC. Preceding its posting on the Nigerian Trade (NGX), Aradel exchanged on the NASD OTC market, where its portion cost flooded from N1,089 to N9,867.38 by September 2024, reflecting solid financial backer certainty.
- Transcorp Power (Administrations) – $1.61 billion
Transcorp Power has a market capitalization of N2.69 trillion ($1.61 billion), addressing 4.56% of the all out market esteem.
As the administrator of the Ughelli Power Plant in Delta State, one of Nigeria’s biggest, the organization revealed income of $0.144 billion (N223.55 billion) and a pre-charge benefit of $52.60 million (N81.12 billion), featuring areas of strength for its in the energy area.
Recorded on the Nigerian Trade (NGX) on Walk 4, 2024, at N240 per share, Transcorp Power’s stock has since expanded by 49.96%, shutting at N359.90 on October 31.
The organization is exchanging at 34.36 times its following a year income for each offer.
- Geregu Power (Administrations) – $1.71 billion
Geregu Power’s market capitalization remains at N2.87 trillion, around $1.71 billion, making up 4.86% of the value market as of the finish of October.
Working the Geregu Power Plant in Kogi Express, the organization assumes a key part in Nigeria’s energy supply.
It detailed income of $0.73 billion (N112.58 billion) and a pre-charge benefit of $23.51 million (N36.26 billion), highlighting its vigorous functional exhibition.
The organization’s portion cost saw a 188.22% year-to-date increment, arriving at N1,150.00 on the last exchanging day October.
Geregu Power is presently exchanging at 102.36 times its following a year income for each offer.
- BUA Concrete (Modern Products) – $1.97 billion
BUA Concrete has a market capitalization of $1.97 billion (N3.31 trillion). As a key part in Nigeria’s modern area, the organization produced $0.378 billion (N583.40 billion) in income and recorded a pre-charge benefit of $40.86 million (N63.01 billion) in the initial nine months of 2024.
It works creation offices in Edo and Sokoto states.
During the audit time frame, BUA Concrete’s portion cost expanded by 98.54% year-to-date, shutting at N97.80 on the last exchanging day October.
The organization is exchanging at 78.70 times its following a year profit for each offer.
- Seplat Energy (Oil and Gas) – $2.00 billion
Seplat Energy, with a market capitalization of $2.00 billion (N3.35 trillion), represents 5.63% of the value market.
The organization detailed a nine-month pre-charge benefit of $237.82 million (N366.71 billion) and income of $0.694 billion (N1.07 trillion).
Its $1.28 billion obtaining of ExxonMobil’s Nigerian resources has fortified its situation in Nigeria’s oil and gas area.
Seplat’s portion cost flooded 146.75% year-to-date to N5,700 as of October 31, exchanging at 38.47 times its following a year profit for every offer.
- MTN Nigeria (ICT) – $2.19 billion
MTN Nigeria holds a market capitalization of $2.19 billion (N3.67 trillion), representing 6.21% of the value market.
Notwithstanding a $462.81 million (N713.63 billion) pre-charge misfortune from naira debasement, the organization produced $1.53 billion (N2.37 trillion) in help income over the initial nine months of 2024, displaying its strength in extreme financial circumstances.
The stock failed to meet expectations, dropping 33.30% year-to-date to N175.10 by October 31, reflecting business sector worries about its monetary position.
- BUA Food varieties (Buyer Products) – $4.24 billion
BUA Food varieties, with a market capitalization of $4.24 billion (N7.10 trillion), positions third, representing 12.01% of the market.
Notwithstanding financial difficulties, the organization recorded $0.694 billion (N1.07 trillion) in income and a pre-charge benefit of $141.15 million (N217.65 billion) for the initial nine months of 2024.
Its portion cost acquired 98.54% year-to-date, arriving at N394 by October 31. BUA Food sources is right now exchanging at 50.36 times its following a year profit for every offer.
- Dangote Concrete (Modern Merchandise) – $4.86 billion
As of October 31, Dangote Concrete is the second most esteemed organization in Nigeria, with a market capitalization of N8.15 trillion ($4.86 billion), addressing 13.79% of the value market.
In the initial nine months of 2024, it created $1.66 billion (N2.56 trillion) in income and a pre-charge benefit of $263.55 million (N406.38 billion).
Its portion cost rose 49.67% year-to-date, shutting at N478, and is presently exchanging at 17.8 times its following a year income for every offer.
- Airtel Africa (ICT) – $4.93 billion
Airtel Africa, with a market capitalization of N8.26 trillion ($4.93 billion), drives Nigeria’s value market, making up 13.97%.
The organization kept $2.37 billion in income and a pre-charge benefit of $178 million for the half-year finishing September 30, 2024. Its portion cost rose 16.55% YTD, shutting at N2,200 on October 31.
Dangote Concrete, esteemed at N8.15 trillion ($4.86 billion), created $1.66 billion in income and a pre-charge benefit of $263.55 million in the initial nine months of 2024.
Its portion cost expanded 49.67% YTD, arriving at N478 by October 31, exchanging at 17.8x its following a year profit for each offer.
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