GlobalView Capital Limited

Nestlé Nigeria’s Q1 2026 results:

Revenue grew by about 10.6%, meaning the company is selling more than it did last year. That’s solid, especially for a large, established business.

Profit grew even faster.

Profit before tax jumped by about 44%, and profit after tax increased by around 29%. In simple terms, Nestlé is not just making more sales—it’s managing its costs well and keeping more of the money it earns.

Earnings per share also rose from ₦38 to ₦49, which is a strong improvement for shareholders.

But here’s the key thing to keep in mind:

* The stock is expensive. A Price-to-Earnings ratio of about 63x means investors are paying a premium for this performance.
* Earnings yield is low (around 1.6%), which suggests limited value at current prices.

Bottom line:
Nestlé Nigeria is delivering strong growth and solid profitability—it’s clearly a high-quality, well-performing business. However, the stock is priced at a premium, which means much of that strong performance may already be reflected in its current price.

MARKET PERFORMANCE REPORT & DAILY PRICE
LIST FOR 4TH MAY 2026


Transactions on the floor of the Stock Exchange on Monday, May 4th, 2026, closed the first trading day of May on a positive note. The All Share Index appreciated by 0.36%, to settle at 243,161.52 points from its previous close of 242,277.81. This brings the year-to-date gain to 56.05%, the month-to-date gain to 0.36%, and the week-to-date gain to 0.36%
Market Capitalisation closed at N156.058 trillion. An aggregate of 967,467,651 unit shares were traded in 122,041 deals, valued at N43,844,398,662.13

Market Breadth
Market breadth closed flat, with 40 equities rising and 40 declining.

Meyer Plc’s Q1 2026 results:

Revenue grew by about 14.5%, which means the company is selling more than it did last year. That’s a positive sign on the surface.

But when you look deeper, profit tells a different story.

Profit before tax dropped by about 14%, and profit after tax also fell by roughly 15%. In simple terms, the company is making more sales, but costs have increased so much that it’s ending up with less profit.

Earnings per share also declined from 33 kobo to 29 kobo, meaning shareholders are getting less value compared to last year.

From an investment perspective:

* The stock looks expensive. A Price-to-Earnings ratio of about 58x is quite high, especially for a company with declining profits.
* Earnings yield is low (around 1.7%), which suggests limited value at current prices.

Vitafoam Nigeria Plc 1st quarter 2026 Unaudited results

This is steady and healthy growth not explosive, but strong where it matters most.

What improved?

* Revenue (sales) grew by 13% → the company is selling more, but growth is moderate.
* Profit before tax jumped by 44% → strong improvement in efficiency.
* Profit after tax increased by 38% → they’re keeping more profit from their sales.
* Earnings per share rose → shareholders are earning more per share.

What this means:
Even though sales didn’t grow massively, the company is managing its costs much better, leading to strong profit growth.

But here’s the context 👇

* P/E ratio (36.67) → somewhat high, meaning the stock isn’t exactly cheap.
* Earnings yield (2.73%) → moderate return relative to its price.

Simple takeaway:
👉 Moderate sales growth, but strong profit growth
👉 Improved efficiency is driving performance

Fidson Healthcare Plc experienced solid growth that was consistent across the board.

What improved?

* Revenue (sales) grew by 22% → the company is selling more of its products.
* Profit before tax increased by 40% → better cost control and efficiency.
* Profit after tax also rose by 40% → they’re keeping significantly more profit.
* Earnings per share went up → shareholders are earning more per share.

What this means:
Fidson is not just growing — it’s becoming more efficient and profitable, which is a good sign for a healthcare company.

* High P/E ratio (52.36) → the stock is expensive, meaning investors already expect strong future growth.
* Low earnings yield (1.91%) → returns relative to price are not very attractive right now.

Simple takeaway:
👉 Strong and steady business growth
👉 Improving profitability and efficiency
👉 But the stock is priced high, so expectations are already elevated