We Think Australian Agricultural Projects (ASX:AAP) Is Taking Some Risk With Its Debt
Apr 26
Australian (ASX) Food Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies35
- 7D-1.2%
- 3M-5.4%
- 1Y1.5%
- YTD0.3%
In the last week, the Food industry is flat overall, with Ridley standing out by going down 7.7%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 40% per annum.
Industry Valuation and Performance
Has the Australian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | AU$7.9b | AU$15.0b | -AU$461,125,943.56 | 15.1x | -17.2x | 0.5x |
| Sat, 30 Mar 2024 | AU$8.4b | AU$15.0b | -AU$461,087,373.43 | 16.7x | -18.2x | 0.6x |
| Mon, 26 Feb 2024 | AU$9.6b | AU$16.4b | -AU$464,095,642.44 | 15.6x | -20.8x | 0.6x |
| Wed, 24 Jan 2024 | AU$12.3b | AU$18.5b | -AU$499,346,829.00 | 20.7x | -24.7x | 0.7x |
| Fri, 22 Dec 2023 | AU$11.9b | AU$18.5b | -AU$498,265,870.00 | 21.4x | -23.9x | 0.6x |
| Sun, 19 Nov 2023 | AU$11.7b | AU$18.4b | -AU$495,919,896.00 | 24.1x | -23.6x | 0.6x |
| Tue, 17 Oct 2023 | AU$11.2b | AU$18.7b | -AU$318,409,107.00 | 22.9x | -35.1x | 0.6x |
| Thu, 14 Sep 2023 | AU$11.1b | AU$18.7b | -AU$317,146,748.00 | 23.8x | -35.1x | 0.6x |
| Sat, 12 Aug 2023 | AU$11.6b | AU$18.1b | -AU$71,741,746.00 | 32.5x | -161.1x | 0.6x |
| Mon, 10 Jul 2023 | AU$11.2b | AU$18.1b | -AU$71,934,065.00 | 32.8x | -155.3x | 0.6x |
| Wed, 07 Jun 2023 | AU$10.8b | AU$18.0b | -AU$76,023,628.00 | 28.1x | -141.8x | 0.6x |
| Fri, 05 May 2023 | AU$11.4b | AU$17.8b | AU$227.6m | 26.9x | 50.1x | 0.6x |
| Sun, 02 Apr 2023 | AU$11.6b | AU$17.8b | AU$227.6m | 26.1x | 50.9x | 0.7x |
| Tue, 28 Feb 2023 | AU$11.3b | AU$17.7b | AU$242.1m | 20.3x | 46.9x | 0.6x |
| Thu, 26 Jan 2023 | AU$11.9b | AU$17.2b | AU$328.4m | 13.6x | 36.1x | 0.7x |
| Sat, 24 Dec 2022 | AU$11.6b | AU$17.2b | AU$328.1m | 14.3x | 35.4x | 0.7x |
| Mon, 21 Nov 2022 | AU$11.7b | AU$17.1b | AU$346.0m | 13.9x | 33.9x | 0.7x |
| Wed, 19 Oct 2022 | AU$12.0b | AU$16.4b | AU$397.9m | 15.4x | 30x | 0.7x |
| Fri, 16 Sep 2022 | AU$12.7b | AU$16.4b | AU$398.5m | 14.8x | 32x | 0.8x |
| Sun, 14 Aug 2022 | AU$12.7b | AU$15.9b | AU$494.9m | 14.8x | 25.7x | 0.8x |
| Tue, 12 Jul 2022 | AU$12.4b | AU$16.0b | AU$495.2m | 14.1x | 25x | 0.8x |
| Thu, 09 Jun 2022 | AU$13.3b | AU$15.7b | AU$470.6m | 15.6x | 28.3x | 0.8x |
| Sat, 07 May 2022 | AU$13.3b | AU$15.2b | AU$438.8m | 16.6x | 30.3x | 0.9x |
| Mon, 04 Apr 2022 | AU$13.2b | AU$15.2b | AU$438.3m | 16.2x | 30.2x | 0.9x |
| Wed, 02 Mar 2022 | AU$13.0b | AU$15.2b | AU$438.5m | 16.1x | 29.7x | 0.9x |
| Fri, 28 Jan 2022 | AU$12.8b | AU$14.0b | AU$428.8m | 19x | 29.9x | 0.9x |
| Sun, 26 Dec 2021 | AU$13.7b | AU$14.0b | AU$428.7m | 18.4x | 31.9x | 1x |
| Tue, 23 Nov 2021 | AU$14.2b | AU$14.4b | AU$284.6m | 18.8x | 50.1x | 1x |
| Thu, 21 Oct 2021 | AU$14.5b | AU$14.3b | AU$211.8m | 19.6x | 68.6x | 1x |
| Sat, 18 Sep 2021 | AU$14.8b | AU$14.2b | AU$178.8m | 18.7x | 82.7x | 1x |
| Mon, 16 Aug 2021 | AU$13.2b | AU$11.5b | AU$95.6m | 19.6x | 138.2x | 1.1x |
| Mon, 31 May 2021 | AU$11.7b | AU$11.1b | AU$113.0m | 22.4x | 103.6x | 1.1x |
Price to Earnings Ratio
110.5x
Current Industry PE
- Investors are pessimistic on the Australian Food industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
- Total earnings for the Food industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 10% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Consumer Staples industry?
| AU Market | -1.54% | |
| Consumer Staples | -1.34% | |
| Food | -1.23% | |
| Packaged Foods and Meats | -0.27% | |
| Agricultural Products | -3.06% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 48% over the next 5 years.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| ING Inghams Group | AU$3.72 | 2.8% +AU$37.2m | 32.9% | PE13x | |
| LGL Lynch Group Holdings | AU$1.43 | 3.6% +AU$6.1m | -19.2% | PS0.4x | |
| E33 East 33 | AU$0.017 | 6.3% +AU$4.6m | -37.0% | PS0.6x | |
| BUB Bubs Australia | AU$0.15 | 3.4% +AU$4.5m | -16.7% | PS2x | |
| OJC Original Juice | AU$0.17 | 2.9% +AU$1.5m | 84.2% | PS1.1x |
