Nigerian (NSE) Food Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies13
- 7D0.1%
- 3M46.9%
- 1Y196.9%
- YTD160.9%
Over the last 7 days, the Food industry has remained flat. The past year has been better, since the industry has gained 197% in that time. Looking forward, earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Nigerian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ₦5.2t | ₦3.3t | ₦222.6b | 12.1x | 23.2x | 1.6x |
| Thu, 28 Sep 2023 | ₦5.0t | ₦3.2t | ₦215.2b | 16.1x | 23.3x | 1.6x |
| Sat, 26 Aug 2023 | ₦4.3t | ₦3.0t | ₦209.3b | 13.7x | 20.3x | 1.4x |
| Mon, 24 Jul 2023 | ₦4.5t | ₦3.4t | ₦266.0b | 12.4x | 16.9x | 1.3x |
| Wed, 21 Jun 2023 | ₦4.4t | ₦3.4t | ₦266.0b | 13.1x | 16.6x | 1.3x |
| Fri, 19 May 2023 | ₦3.7t | ₦3.4t | ₦266.0b | 10.8x | 14x | 1.1x |
| Sun, 16 Apr 2023 | ₦3.5t | ₦3.3t | ₦247.1b | 11.1x | 14x | 1.1x |
| Tue, 14 Mar 2023 | ₦3.4t | ₦3.3t | ₦247.5b | 10.3x | 13.6x | 1x |
| Thu, 09 Feb 2023 | ₦3.0t | ₦3.2t | ₦219.1b | 10.3x | 13.5x | 0.9x |
| Sat, 07 Jan 2023 | ₦2.9t | ₦3.0t | ₦216.7b | 10.6x | 13.6x | 1x |
| Mon, 05 Dec 2022 | ₦2.6t | ₦3.0t | ₦213.9b | 11.3x | 12.1x | 0.9x |
| Wed, 02 Nov 2022 | ₦2.7t | ₦3.0t | ₦215.8b | 10.6x | 12.4x | 0.9x |
| Fri, 30 Sep 2022 | ₦2.8t | ₦2.8t | ₦218.7b | 8.8x | 12.7x | 1x |
| Sun, 28 Aug 2022 | ₦2.8t | ₦2.9t | ₦221.8b | 9.5x | 12.7x | 1x |
| Tue, 26 Jul 2022 | ₦2.8t | ₦2.6t | ₦206.8b | 13.6x | 13.8x | 1.1x |
| Thu, 23 Jun 2022 | ₦2.9t | ₦2.5t | ₦207.9b | 15.9x | 13.9x | 1.2x |
| Sat, 21 May 2022 | ₦3.1t | ₦2.5t | ₦210.8b | 16x | 14.6x | 1.2x |
| Mon, 18 Apr 2022 | ₦2.9t | ₦2.4t | ₦198.0b | 13.8x | 14.6x | 1.2x |
| Wed, 16 Mar 2022 | ₦3.0t | ₦2.4t | ₦204.4b | 12x | 14.5x | 1.2x |
| Fri, 11 Feb 2022 | ₦2.9t | ₦2.4t | ₦212.2b | 11.6x | 13.9x | 1.2x |
| Sun, 09 Jan 2022 | ₦1.9t | ₦1.9t | ₦121.8b | 11.1x | 15.7x | 1x |
| Tue, 07 Dec 2021 | ₦1.8t | ₦1.9t | ₦121.8b | 10.9x | 14.5x | 0.9x |
| Thu, 04 Nov 2021 | ₦1.8t | ₦1.9t | ₦117.8b | 11x | 15.1x | 0.9x |
| Sat, 02 Oct 2021 | ₦1.8t | ₦1.8t | ₦126.6b | 10.6x | 14.5x | 1x |
| Mon, 30 Aug 2021 | ₦1.8t | ₦1.8t | ₦127.4b | 11.4x | 13.8x | 1x |
| Tue, 06 Jul 2021 | ₦1.9t | ₦1.8t | ₦127.4b | 9.3x | 14.6x | 1x |
| Fri, 09 Apr 2021 | ₦1.7t | ₦1.6t | ₦122.2b | 10.5x | 13.7x | 1x |
| Thu, 31 Dec 2020 | ₦1.8t | ₦1.5t | ₦109.4b | 9.4x | 16.1x | 1.2x |
Price to Earnings Ratio
15.4x
Current Industry PE
- Investors are optimistic on the Nigerian Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 23.2x which is higher than its 3-year average PE of 15.0x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 31% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Nigerian Consumer Staples industry?
| NG Market | 0.20% | |
| Consumer Staples | -0.33% | |
| Food | 0.11% | |
| Packaged Foods and Meats | 0.12% | |
| Agricultural Products | -0.044% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 16.3x.
- Analysts are expecting annual earnings growth of 30.5%, which is lower than the prior year's growth of 114.7% per year.
- Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.3x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 30% over the next 5 years.
- However this is lower than its past earnings growth rate of 115% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 20% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DANGSUGAR Dangote Sugar Refinery | ₦63.75 | 4.5% +₦33.4b | 291.1% | PE118.9x | |
| NESTLE Nestlé Nigeria | ₦1.05k | 2.9% +₦23.8b | -13.6% | PS1.6x | |
| UACN UAC of Nigeria | ₦14.35 | 27.0% +₦8.9b | 60.3% | PE7.7x | |
| FLOURMILL Flour Mills of Nigeria | ₦30.00 | 6.4% +₦7.4b | -1.0% | PE10.5x | |
| HONYFLOUR Honeywell Flour Mills | ₦3.19 | 2.9% +₦713.7m | 49.8% | PE7.8x |