HBM Nigeria Plc (NGX: HBMNG), formerly Lafarge Africa Plc (old ticker WAPCO), is a leading Nigerian cement and building solutions company. It was acquired by China’s Huaxin Building Materials Group (majority stake, deal valued around $1 billion, completed in 2025) and officially rebranded in 2026.
It manufactures and sells cement, aggregates, ready-mix concrete, and related products. Plants include operations in Ogun (Ewekoro, Sagamu), Gombe (Ashaka), and Cross River (Mfamosing), with an installed capacity of about 10.5 million tonnes per annum before ongoing expansions. The company has deep local roots (origins dating to 1959 as West African Portland Cement) and is listed on the Premium Board of the Nigerian Exchange.
Market Capitalisation
As of early September 2026 data, market capitalisation stands in the range of roughly ₦5.6–5.8 trillion (around $4 billion USD depending on exchange rates), based on a share price near ₦350–357 and approximately 16.11 billion shares outstanding.
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The stock has delivered strong gains: year-to-date rises often cited above 165%, 1-year performance frequently in the 165–190%+ range, and multi-year returns significantly higher. It trades with relatively moderate beta (~0.37–0.40). Note that prices and market cap fluctuate; always check current NGX data. Trailing P/E has been in the mid-teens range in recent reports.
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Disclaimer: This is for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy/sell securities. Stock markets involve risk of loss. Share prices, financials, and outlooks change. Conduct your own research, review the latest company filings and NGX data, and consult a licensed financial adviser familiar with Nigerian markets before making any investment decisions. Past performance is not indicative of future results.
Sources for key figures include company reports, NGX data aggregators, Punch, Nairametrics and CardinalStone research summaries.