EW Nation

Log In
Sign Up

, ,

Nigerian Breweries Plc reported a ₦94.7 billion loss in 2024, improved from ₦106 billion in 2023, a Q1 2025 profit of ₦50.3 billion and 81% revenue growth to ₦1.1 trillion. An estimated P/E ratio of 8.55x is below the Nigerian beverage average (10–15x), suggesting undervaluation. 

 

 

(Last Price 58.55): The impulse that we have seen over the past two weeks and subsequent subdivision in this asset suggests that NB is still in an impulsive move.

With the key level at ~₦58.15 broken, there is sufficient evidence that NB will continue to wave 3 extreme around ~₦102 region.

Join Premium Weekly & Get Unlimited Access

  • Unlimited access to premium analysis for the duration of subscription.
  • New analysis every week.
  • Update to existing analysis mid week,
Subscribe
Login

Categories

Forex

+

Crypto

+

US Stock

+

NGX Stock

−
View all NGX Stock posts →

Gold and Silver

+

Crude Oil

+
see All Premium Analysis
You May Also Like
AAVEUSDT Analysis – July 6, 2025

AAVEUSDT Analysis – July 6, 2025

July 6, 2025 Crypto,Members 4H,Premium
AAVEUSDT Analysis - July 6, 2025...
Read More
SOLUSDT Analysis – July 6, 2025

SOLUSDT Analysis – July 6, 2025

July 6, 2025 Crypto,Members 4H,Premium
SOLUSDT Analysis - July 6, 2025...
Read More
BNBUSDT Analysis – July 6, 2025

BNBUSDT Analysis – July 6, 2025

July 6, 2025 Crypto,Members 4H,Premium
Nigerian Breweries Plc reported a ₦94.7 billion loss in 2024, improved from ₦106 billion in 2023, a...
Read More
NB – Time to Shine

NB – Time to Shine

July 6, 2025 Nigeria,Non-Members,Stock
Nigerian Breweries Plc reported a ₦94.7 billion loss in 2024, improved from ₦106 billion in 2023, a...
Read More
Ellahlakes – Will Bulls Yet Continue

Ellahlakes – Will Bulls Yet Continue

July 5, 2025 Members,Nigeria,Non-Members,Stock 4H,Premium
Will Ellahlakes Bulls Continue to make all time highs?...
Read More
KAVAUSDT Analysis – July 3, 2025 Copy

KAVAUSDT Analysis – July 3, 2025 Copy

July 3, 2025 Crypto,Members 4H,Premium
KAVAUSDT Analysis July 03, 2025...
Read More

Learn More about Elliot Wave Theory

Check Out Our free E-Book

Our Clients Reviews

Read what our clients have to say about their experience with EWNation.

Nelly Uchegbu Financial Analyst

I love the flexibility of EWNation's membership options. It caters perfectly to my trading needs, whether I'm exploring new strategies.

Ken Alabi Day Trader and Market Enthusiast

The user-friendly tools at EWNation have made tracking market trends effortless. It's become an essential part of my trading toolkit

Tony Siokor Investment Advisor

Secure and reliable, EWNation provides a safe environment for managing my trading activities. I feel confident knowing my data is protected.

document.addEventListener('DOMContentLoaded', function() { const toggle = document.getElementById('columnToggle'); const columns = document.querySelectorAll('[data-hide-column="true"]'); if (toggle && columns.length > 0) { // Load saved preference const isHidden = localStorage.getItem('columnHidden') === 'true'; toggle.checked = isHidden; updateColumnVisibility(isHidden); // Add toggle event toggle.addEventListener('change', function() { const shouldHide = this.checked; localStorage.setItem('columnHidden', shouldHide); updateColumnVisibility(shouldHide); }); function updateColumnVisibility(hide) { columns.forEach(column => { column.style.display = hide ? 'none' : ''; column.style.opacity = hide ? '0' : '1'; column.style.transition = 'opacity 0.3s ease'; }); // Update label text const label = document.querySelector('.toggle-label'); if (label) { label.textContent = hide ? 'Show Sidebar' : 'Hide Sidebar'; } } } });
Scroll to Top