Further Upside For Makarony Polskie S.A. (WSE:MAK) Shares Could Introduce Price Risks After 25% Bounce
May 14
Polish (WIG) Food Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies22
- 7D0.5%
- 3M3.9%
- 1Y-6.0%
- YTD9.9%
The Food is pretty flat in the last 7 days, but Makarony Polskie has stood out, gaining 8.4%. Unfortunately though, the industry is down 7.0% over the past 12 months. In the next few years, earnings are forecast to decline by 1.4% annually.
Industry Valuation and Performance
Has the Polish Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | zł8.6b | zł25.1b | zł822.2m | 10.3x | 10.4x | 0.3x |
| Sun, 14 Apr 2024 | zł8.8b | zł25.2b | zł808.5m | 10.2x | 10.9x | 0.4x |
| Tue, 12 Mar 2024 | zł9.0b | zł24.6b | zł784.1m | 9.1x | 11.5x | 0.4x |
| Thu, 08 Feb 2024 | zł8.2b | zł25.9b | zł1.1b | 8.5x | 7.6x | 0.3x |
| Sat, 06 Jan 2024 | zł7.7b | zł25.6b | zł1.1b | 7.5x | 7.2x | 0.3x |
| Mon, 04 Dec 2023 | zł7.3b | zł25.6b | zł1.8b | 8.8x | 4x | 0.3x |
| Wed, 01 Nov 2023 | zł7.0b | zł26.6b | zł2.1b | 7.2x | 3.3x | 0.3x |
| Fri, 29 Sep 2023 | zł7.0b | zł25.5b | zł1.1b | 6.4x | 6.1x | 0.3x |
| Sun, 27 Aug 2023 | zł5.9b | zł24.2b | zł745.9m | 6.4x | 7.9x | 0.2x |
| Tue, 25 Jul 2023 | zł5.7b | zł23.5b | zł994.5m | 7.5x | 5.8x | 0.2x |
| Thu, 22 Jun 2023 | zł5.6b | zł23.4b | zł915.7m | 10.3x | 6.1x | 0.2x |
| Sat, 20 May 2023 | zł5.7b | zł27.7b | zł200.3m | 7.4x | 28.6x | 0.2x |
| Mon, 17 Apr 2023 | zł5.7b | zł27.4b | zł165.7m | 7.4x | 34.5x | 0.2x |
| Wed, 15 Mar 2023 | zł5.3b | zł27.8b | zł156.3m | 7.6x | 34x | 0.2x |
| Fri, 10 Feb 2023 | zł5.1b | zł30.9b | zł191.2m | 8.6x | 26.9x | 0.2x |
| Sun, 08 Jan 2023 | zł5.1b | zł30.7b | zł106.2m | 7.2x | 48.2x | 0.2x |
| Tue, 06 Dec 2022 | zł5.0b | zł34.5b | zł380.3m | 7.2x | 13.2x | 0.1x |
| Thu, 03 Nov 2022 | zł4.8b | zł41.8b | zł2.7b | 4.6x | 1.8x | 0.1x |
| Sat, 01 Oct 2022 | zł4.9b | zł43.0b | zł2.8b | 5.1x | 1.8x | 0.1x |
| Mon, 29 Aug 2022 | zł5.3b | zł41.2b | zł2.9b | 5.2x | 1.8x | 0.1x |
| Wed, 27 Jul 2022 | zł5.6b | zł40.8b | zł3.2b | 4.2x | 1.8x | 0.1x |
| Fri, 24 Jun 2022 | zł4.9b | zł39.6b | zł3.3b | 4.5x | 1.5x | 0.1x |
| Sun, 22 May 2022 | zł6.1b | zł38.9b | zł3.8b | 4.9x | 1.6x | 0.2x |
| Tue, 19 Apr 2022 | zł6.6b | zł37.9b | zł3.7b | 4.3x | 1.8x | 0.2x |
| Thu, 17 Mar 2022 | zł6.4b | zł35.0b | zł3.4b | 4.3x | 1.9x | 0.2x |
| Sat, 12 Feb 2022 | zł8.7b | zł33.2b | zł3.2b | 7x | 2.7x | 0.3x |
| Mon, 10 Jan 2022 | zł9.6b | zł33.5b | zł3.3b | 7.2x | 3x | 0.3x |
| Wed, 08 Dec 2021 | zł9.6b | zł34.3b | zł3.3b | 7.2x | 2.9x | 0.3x |
| Fri, 05 Nov 2021 | zł10.6b | zł31.6b | zł3.1b | 7.8x | 3.4x | 0.3x |
| Sun, 03 Oct 2021 | zł10.3b | zł29.5b | zł2.7b | 8.1x | 3.9x | 0.4x |
| Tue, 31 Aug 2021 | zł10.1b | zł29.3b | zł2.6b | 8.4x | 3.9x | 0.3x |
| Wed, 07 Jul 2021 | zł9.9b | zł29.3b | zł2.6b | 8.5x | 3.8x | 0.3x |
Price to Earnings Ratio
4.7x
Current Industry PE
- Investors are relatively neutral on the Polish Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 9.8x.
- The industry is trading close to its 3-year average PS ratio of 0.24x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 27% per year over the last three years,
- Revenues have also declined 5.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Polish Consumer Staples industry?
| PL Market | 0.037% | |
| Consumer Staples | 1.89% | |
| Food | 0.53% | |
| Packaged Foods and Meats | 1.65% | |
| Agricultural Products | -0.65% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average of 7.8x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Packaged Foods and Meats industry since they expect its earnings to decline by only 1.4% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 48% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| GOB Gobarto | zł44.80 | 3.7% +zł44.5m | 262.8% | PE12.9x | |
| MAK Makarony Polskie | zł22.30 | 6.7% +zł15.5m | 117.6% | PE7.5x | |
| WWL Wawel | zł678.00 | 1.5% +zł12.9m | 27.9% | PE11.6x | |
| OTM Zaklady Przemyslu Cukierniczego Otmuchów | zł5.55 | 6.7% +zł10.6m | 67.2% | PE13.3x | |
| TAR Tarczynski | zł64.20 | 0.9% +zł6.8m | 24.4% | PE5.5x |