• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities

Cordros raises Lafarge’s 2025 target price to N104.71 after strong Q1 results

Izuchukwu Okoye by Izuchukwu Okoye
May 11, 2025
in Equities, Markets
Lafarge Africa posts N152.2 billion pre-tax profit in 2024, declares a final dividend of 120 kobo  
Share on FacebookShare on TwitterShare on Linkedin

Analysts at Cordros Securities have revised their initial target price for Lafarge shares for the full-year 2025, raising it by 4.0% to N104.71 per share.

Following Lafarge’s stronger-than-expected Q1 2025 results in volume and overall performance, the financial services firm has revised its previous target price of N100.68 per share.

In a recently published equity research update, Cordros highlighted Lafarge’s impressive 80.3% revenue growth in Q1, along with a favorable price-to-volume mix, as key drivers behind the upward revision.

RelatedStories

Conoil Plc,

Conoil Q1 2025: Borrowing surge collapses profit, debt now exceeds equity 

June 25, 2025
Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 

Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 

May 21, 2025

Encouraged by the strong start to the year, the analysts have significantly upgraded their revenue projection for the full year 2025, now estimating a 40.7% year-over-year increase, up from the earlier forecast of 21.7%.

The firm now anticipates Lafarge’s total cement volume to reach 6.41 million tons, alongside a 23% upward revision in cement prices, which are expected to average N153,000 per ton, compared to the previously forecast N136,000 per ton.

Explaining the increase in projected volume, the analysts noted: 

“The volume increase is driven by expectations of stronger public and private sector demand, improved production efficiency, and the market’s positive reception of the company’s new innovative products.” 

Cordros also revised its earnings projection upward, forecasting a 110.0% year-over-year growth in earnings per share (EPS), to N13.06.

This represents a significant reset from the earlier projection of N10.44, or 67.9% growth, and is attributed to Lafarge’s success in reducing finance costs by 96.9% during the first quarter.

What to know: 

The new target price of N104.71 is based on an 80/20 blend of Discounted Cash Flow (DCF) and sector-relative valuation methods.

  • The DCF model used estimates for Free Cash Flow to the Firm (FCFF) and Free Cash Flow to Equity (FCFE) of N93.59 and N87.05, respectively.
  • Sector-relative valuation applied Bloomberg’s peer medians of 6.8x (EV/EBITDA) and 12.5x (P/E), resulting in fair value estimates of N161.67 and N163.23.

Assumptions included a 30% corporate tax rate and a 23.9% Weighted Average Cost of Capital.

  • As of the market close on May 9, 2025, the company’s shares were priced at N81.95.

Lafarge’s Q1 performance summary 

Lafarge Africa Plc published its financial statement for the quarter ended 31st March 2025, reporting a pre-tax profit of N73.1 billion.

This reflects a substantial increase of 739.47% compared to the N8.7 billion pre-tax profit reported in Q1 2024, fueled by a significant rise in revenue.

The company’s Q1 2025 revenue reached N248.3 billion, marking an 80.26% increase from the N137.7 billion recorded in the same quarter the previous year.

  • Of the total, cement sales made up the largest share, contributing N242.6 billion.
  • Aggregates and concrete added N5.4 billion, while ‘other products’ accounted for N281 million.

Although operating costs loomed, the company’s profits from core operations reached N71.6 billion, reflecting an impressive increase of 136.97% from the previous year’s figure of N30.2 billion.


Follow us for Breaking News and Market Intelligence.
Tags: 2025 Q1 ResultsCordros SecuritiesLafarge’s 2025 target priceLafarge’s Q1 performanceQ1 2025 revenue
Izuchukwu Okoye

Izuchukwu Okoye

Okoye Izuchukwu is a financial market writer and trader with extensive expertise in both Nigerian and international markets. With a keen eye for market trends and a passion for insightful analysis, he translates complex financial concepts into engaging content. By combining practical trading experience with thorough research, Okoye offers valuable perspectives that empower readers to make informed decisions in the ever-evolving world of finance.

Related Posts

Conoil Plc,
Blurb

Conoil Q1 2025: Borrowing surge collapses profit, debt now exceeds equity 

June 25, 2025
Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 
Company Results

Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 

May 21, 2025
Champion Breweries Plc
Company Results

Champion Breweries ascends over 60% so far in May, shatters N5-resistance 

May 20, 2025
Gold
Commodities

Why Gold ETFs could be a smarter choice for Nigerians in 2025, than XAU/USD – Dublin-Green 

May 16, 2025
BUA Foods
Equities

BUA Foods cuts product prices again in Q2 2025, cites efficiency gains and global stability 

May 8, 2025
Beta Glass Plc, the glass container industry leader, grows production to optimally serve West and Central African markets
Equities

Beta Glass shares gains 46% month-to-date in early May, on wave of positive events 

May 7, 2025
Next Post
Coronavirus: Kwara Govt shuts down schools, orders civil servants to work from home

Shea butter factory to create 10,000 jobs, boost agro-industrial growth in Kwara - Commissioner 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document
  • Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC
  • Oyo State approves N7.7 billion for two surveillance aircraft to combat insecurity 

Follow us on social media:

Recent News

IGP prosecutes Nigerian businessmen over alleged N13.5 billion forex fraud dispute  

IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document

July 9, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

July 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics