Company Overview
Guinness Nigeria Plc is one of the country’s oldest and largest manufacturers of beverages, having been incorporated in 1950. It is engaged in the brewing, packaging, marketing, and distribution of alcoholic and non-alcoholic beverages across Nigeria and selected export markets.
Current price: N365.5
Rating: Buy
Price projection: N595 (68.01%) and N778.87 (113.1%)
Technical Analysis
In this report, we shall use the following tools and analysis methods:
Elliott’s wave theory to understand the overall market sentiment
Fibonacci tools to determine support and resistance levels
The Relative Strength Index and volume to evaluate the market’s strength
The Money Flow Index to determine the market liquidity
Moving average and MACD to understand the nature of the trend
Top-down analysis to know the best investment position
Elliott wave analysis
Weekly chart: Market overview
On the weekly chart, the stock completed its longest wave (wave 3) and commenced its fourth wave. Plotting the Fibonacci retracement, the price is expected to retrace to the 0.5 Fibonacci level which should complete the stock’s first corrective phase
Daily chart: Investment opportunity
On the daily chart, the index is about to finish its first corrective wave (wave A), which will lead to a bullish wave B. Given this analysis, the investment opportunity lie within N271 and N314 with a projection of N595 (68.01%) and N778.87 (113.1%). The end of Wave C is also another investment opportunity.
Indicator analysis
Weekly chart: Market overview
The bearish volume is low which means Guinness is suitable for long-term investment. As the market liquidity and momentum, investor should watch out for a strong bullish signal with the investment zones on the daily chart.
Daily chart: Investment opportunity
On the daily timeframe, the market liquidity and momentum are extremely low. However, this doesn’t mean the market won’t regain its bully momentum. On the 1-hour chart, investors are buying into value, as seen in the image below
Fundamental Analysis
Financial report for the year 2025
Key Insight: The financial rating for Guinness is 75%, making it suitable for long-term trading and medium-term investment
Key Highlights
Revenue increased by 144.02%, reflecting exceptionally strong sales growth.
Profit After Tax recovered from a ₦54.77 billion loss in FY2024 to a ₦41.16 billion profit in FY2025, representing a significant turnaround in profitability.
Total Assets grew by 8.42%, indicating continued expansion of the company’s asset base.
Total Liabilities declined by 9.87%, suggesting improved balance sheet strength and debt management.
Operating Cash Flow surged by 278.55%, demonstrating a substantial improvement in cash generation from core operations.
SWOT analysis
