Nigerian (NSE) Packaged Foods and Meats Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies11
- 7D-0.3%
- 3M4.8%
- 1Y205.3%
- YTDn/a
Over the last 7 days, the Packaged Foods and Meats industry has remained flat, although notably Dangote Sugar Refinery declined by 14%. As for the the longer term, the industry is up 205% over the past 12 months. Looking forward, earnings are forecast to grow by 49% annually.
Industry Valuation and Performance
Has the Nigerian Packaged Foods and Meats Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | ₦7.2t | ₦3.4t | ₦136.3b | 17.1x | 52.8x | 2.1x |
| Sun, 14 Apr 2024 | ₦7.8t | ₦3.5t | ₦81.9b | 18.3x | 95.7x | 2.2x |
| Tue, 12 Mar 2024 | ₦8.0t | ₦3.5t | ₦80.2b | 19.3x | 99.1x | 2.3x |
| Thu, 08 Feb 2024 | ₦6.7t | ₦3.5t | ₦156.1b | 34.2x | 42.8x | 1.9x |
| Sat, 06 Jan 2024 | ₦4.7t | ₦3.2t | ₦164.4b | 19.7x | 28.8x | 1.5x |
| Mon, 04 Dec 2023 | ₦4.6t | ₦3.2t | ₦164.4b | 14.2x | 28.2x | 1.4x |
| Wed, 01 Nov 2023 | ₦4.8t | ₦3.2t | ₦164.4b | 12.2x | 29x | 1.5x |
| Fri, 29 Sep 2023 | ₦4.5t | ₦3.0t | ₦177.2b | 17.3x | 25.7x | 1.5x |
| Sun, 27 Aug 2023 | ₦3.9t | ₦2.8t | ₦171.3b | 14.6x | 22.5x | 1.4x |
| Tue, 25 Jul 2023 | ₦4.1t | ₦3.2t | ₦228.4b | 13x | 17.7x | 1.3x |
| Thu, 22 Jun 2023 | ₦4.0t | ₦3.2t | ₦228.4b | 12.6x | 17.6x | 1.3x |
| Sat, 20 May 2023 | ₦3.4t | ₦3.2t | ₦228.4b | 12.5x | 14.9x | 1.1x |
| Mon, 17 Apr 2023 | ₦3.1t | ₦3.1t | ₦209.9b | 14.5x | 14.9x | 1x |
| Wed, 15 Mar 2023 | ₦3.1t | ₦3.1t | ₦208.9b | 14x | 14.9x | 1x |
| Fri, 10 Feb 2023 | ₦2.6t | ₦3.0t | ₦180.5b | 12.7x | 14.6x | 0.9x |
| Sun, 08 Jan 2023 | ₦2.6t | ₦2.9t | ₦177.5b | 13.1x | 14.8x | 0.9x |
| Tue, 06 Dec 2022 | ₦2.3t | ₦2.9t | ₦174.7b | 13.1x | 13.3x | 0.8x |
| Thu, 03 Nov 2022 | ₦2.4t | ₦2.8t | ₦175.7b | 12.2x | 13.6x | 0.8x |
| Sat, 01 Oct 2022 | ₦2.4t | ₦2.7t | ₦177.2b | 11.1x | 13.8x | 0.9x |
| Mon, 29 Aug 2022 | ₦2.5t | ₦2.7t | ₦180.3b | 9.5x | 13.8x | 0.9x |
| Wed, 27 Jul 2022 | ₦2.5t | ₦2.5t | ₦169.4b | 17.2x | 14.6x | 1x |
| Fri, 24 Jun 2022 | ₦2.5t | ₦2.4t | ₦170.5b | 17.3x | 14.8x | 1.1x |
| Sun, 22 May 2022 | ₦2.7t | ₦2.4t | ₦175.8b | 16.6x | 15.1x | 1.1x |
| Tue, 19 Apr 2022 | ₦2.6t | ₦2.3t | ₦164.6b | 15.7x | 15.9x | 1.1x |
| Thu, 17 Mar 2022 | ₦2.7t | ₦2.3t | ₦171.0b | 13.9x | 15.7x | 1.2x |
| Sat, 12 Feb 2022 | ₦2.7t | ₦2.3t | ₦178.6b | 14.4x | 15.2x | 1.2x |
| Mon, 10 Jan 2022 | ₦1.7t | ₦1.8t | ₦92.0b | 13.9x | 18.2x | 0.9x |
| Wed, 08 Dec 2021 | ₦1.5t | ₦1.8t | ₦92.0b | 14.6x | 16.7x | 0.8x |
| Fri, 05 Nov 2021 | ₦1.6t | ₦1.8t | ₦92.0b | 14.6x | 16.9x | 0.9x |
| Sun, 03 Oct 2021 | ₦1.6t | ₦1.7t | ₦100.8b | 16.2x | 16.2x | 1x |
| Tue, 31 Aug 2021 | ₦1.6t | ₦1.7t | ₦101.7b | 15.6x | 15.4x | 0.9x |
| Wed, 07 Jul 2021 | ₦1.7t | ₦1.7t | ₦101.7b | 12.9x | 16.4x | 1x |
Price to Earnings Ratio
14.8x
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 52.9x which is higher than its 3-year average PE of 22.8x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Packaged Foods and Meats industry have grown 9.8% 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 Market | -1.23% | |
| Consumer Staples | -0.52% | |
| Food | -0.55% | |
| Packaged Foods and Meats | -0.26% | |
| Agricultural Products | -4.41% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HONYFLOUR Honeywell Flour Mills | ₦3.31 | 10.0% +₦2.4b | 24.9% | PE17.1x |