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Nigerian (NSE) Packaged Foods and Meats Industry Analysis

UpdatedOct 30, 2023
DataAggregated Company Financials
Companies10
  • 7D0.1%
  • 3M56.4%
  • 1Y228.5%
  • YTD182.6%

In the last week, the Packaged Foods and Meats industry is flat overall, with Dangote Sugar Refinery standing out by going down 3.6%. As for the the longer term, the industry is up 231% over the past 12 months. Looking forward, earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

Has the Nigerian Packaged Foods and Meats Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Oct 2023₦4.8t₦3.1t₦187.1b12.1x25.5x1.5x
Wed, 27 Sep 2023₦4.5t₦3.0t₦177.2b17.3x25.7x1.5x
Fri, 25 Aug 2023₦3.7t₦2.8t₦171.3b14.1x21.8x1.3x
Sun, 23 Jul 2023₦4.0t₦3.2t₦228.4b12.4x17.7x1.3x
Tue, 20 Jun 2023₦4.0t₦3.2t₦228.4b13.8x17.5x1.3x
Thu, 18 May 2023₦3.4t₦3.2t₦228.4b12x15x1.1x
Sat, 15 Apr 2023₦3.1t₦3.1t₦210.2b14.5x14.9x1x
Mon, 13 Mar 2023₦3.0t₦3.1t₦208.9b14x14.6x1x
Wed, 08 Feb 2023₦2.6t₦3.0t₦180.5b12.7x14.6x0.9x
Fri, 06 Jan 2023₦2.6t₦2.9t₦177.5b13.1x14.7x0.9x
Sun, 04 Dec 2022₦2.3t₦2.9t₦174.7b13.1x13.3x0.8x
Tue, 01 Nov 2022₦2.4t₦2.8t₦176.2b12.4x13.8x0.9x
Thu, 29 Sep 2022₦2.5t₦2.7t₦177.2b11.1x14.4x1x
Sat, 27 Aug 2022₦2.5t₦2.7t₦180.3b9.5x13.8x0.9x
Mon, 25 Jul 2022₦2.5t₦2.5t₦169.4b17.3x14.6x1x
Wed, 22 Jun 2022₦2.6t₦2.4t₦170.5b17.2x15x1.1x
Fri, 20 May 2022₦2.7t₦2.4t₦175.8b16.6x15.1x1.1x
Sun, 17 Apr 2022₦2.6t₦2.3t₦164.6b15.7x15.9x1.1x
Tue, 15 Mar 2022₦2.7t₦2.3t₦171.0b13.7x15.7x1.2x
Thu, 10 Feb 2022₦2.7t₦2.3t₦178.6b14.4x15.1x1.2x
Sat, 08 Jan 2022₦1.7t₦1.8t₦92.0b13.9x18.2x0.9x
Mon, 06 Dec 2021₦1.5t₦1.8t₦92.0b14.6x16.7x0.8x
Wed, 03 Nov 2021₦1.6t₦1.8t₦93.2b13.9x16.7x0.9x
Fri, 01 Oct 2021₦1.6t₦1.7t₦100.8b16.2x16.2x1x
Sun, 29 Aug 2021₦1.6t₦1.7t₦101.7b15.6x15.3x0.9x
Mon, 05 Jul 2021₦1.7t₦1.7t₦101.7b12.9x16.4x1x
Thu, 08 Apr 2021₦1.5t₦1.6t₦103.0b15.8x14.6x1x
Sun, 10 Jan 2021₦1.6t₦1.5t₦95.2b9.4x16.8x1.1x
Price to Earnings Ratio

15.7x


Total Market Cap: ₦1.5tTotal Earnings: ₦94.8bTotal Revenue: ₦1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Packaged Foods and Meats Industry Price to Earnings3Y Average 16.3x202120222023
Current Industry PE
  • Investors are optimistic on the Nigerian Packaged Foods and Meats industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.9x which is higher than its 3-year average PE of 16.2x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Packaged Foods and Meats industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 29% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Nigerian Packaged Foods and Meats compare with similar industries?

NG Market0.20%
Consumer Staples-0.33%
Food0.11%
Packaged Foods and Meats0.12%
Agricultural Products-0.044%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DANGSUGAR Dangote Sugar Refinery₦63.754.5%
+₦33.4b		291.1%PE118.9x
NESTLE Nestlé Nigeria₦1.05k2.9%
+₦23.8b		-13.6%PS1.6x
UACN UAC of Nigeria₦14.3527.0%
+₦8.9b		60.3%PE7.7x
FLOURMILL Flour Mills of Nigeria₦30.006.4%
+₦7.4b		-1.0%PE10.5x
HONYFLOUR Honeywell Flour Mills₦3.192.9%
+₦713.7m		49.8%PE7.8x
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Latest News

NNFM

₦18.15

Northern Nigeria Flour Mills

7D

19.0%

1Y

195.1%

HONYFLOUR

₦3.19

Honeywell Flour Mills

7D

2.9%

1Y

49.8%

MCNICHOLS

₦0.61

McNichols

7D

8.9%

1Y

-1.6%

UACN

₦14.35

UAC of Nigeria

7D

27.0%

1Y

60.3%

NASCON

₦56.40

Nascon Allied Industries

7D

-1.1%

1Y

493.7%

NESTLE

₦1,050.00

Nestlé Nigeria

7D

2.9%

1Y

-13.6%

FLOURMILL

₦30.00

Flour Mills of Nigeria

7D

6.4%

1Y

-1.0%

ELLAHLAKES

₦3.87

Ellah Lakes

7D

-3.3%

1Y

7.5%

FTNCOCOA

₦1.58

FTN Cocoa Processors

7D

-2.5%

1Y

426.7%

DANGSUGAR

₦63.75

Dangote Sugar Refinery

7D

4.5%

1Y

291.1%