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Australian (ASX) Food Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies44
  • 7D-2.1%
  • 3M-4.8%
  • 1Y-2.3%
  • YTD0.6%

Over the last 7 days, the Food industry has dropped 2.1%, driven by pullbacks in Costa Group Holdings and Elders of 4.6% and 3.5%, respectively. Meanwhile, Maggie Beer Holdings actually outperformed within the industry, gaining 8.0% in the last week. As for the longer term, the industry's performance has been flat for the past year.

Industry Valuation and Performance

Has the Australian Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Sun, 28 Nov 2021AU$14.0bAU$14.4bAU$297.3m18.6x
Tue, 26 Oct 2021AU$14.1bAU$14.0bAU$186.9m21.3x
Thu, 23 Sep 2021AU$14.5bAU$14.3bAU$211.5m18.9x
Sat, 21 Aug 2021AU$13.2bAU$11.5bAU$95.6m18.9x
Sat, 05 Jun 2021AU$11.7bAU$11.1bAU$113.0m22.4x
Tue, 09 Mar 2021AU$11.5bAU$10.6bAU$41.4m16.3x
Mon, 30 Nov 2020AU$10.8bAU$10.4bAU$55.5m29x
Thu, 03 Sep 2020AU$10.8bAU$10.7b-AU$70,200,574.1418.4x
Sun, 07 Jun 2020AU$11.0bAU$10.6b-AU$125,446,183.2417.7x
Sat, 29 Feb 2020AU$8.8bAU$9.1b-AU$297,664,768.1913.8x
Tue, 03 Dec 2019AU$9.0bAU$9.0b-AU$212,264,814.3521.5x
Fri, 06 Sep 2019AU$10.2bAU$11.5b-AU$135,981,835.5922.4x
Mon, 10 Jun 2019AU$11.0bAU$11.4bAU$797.0k20.7x
Sun, 03 Mar 2019AU$10.8bAU$11.3bAU$35.9m19.9x
Wed, 05 Dec 2018AU$12.1bAU$11.1bAU$107.5m21.1x
PE Ratio

21.1x

Total Market Cap: AU$12.1bTotal Earnings: AU$107.5mTotal Revenue: AU$11.1b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 20.1x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Food industry have grown 40% per year over the last three years, and revenues for these companies have grown 8.9% 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 Australian Food industry?

Agricultural Products-1.99%
Packaged Foods and Meats-2.20%

Industry PE: Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 20.9x. However analysts are expecting annual earnings growth of 16%, which is lower than the prior year's growth of 154% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 21.4x.

Forecasted Growth: Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 16% over the next 5 years. However this is lower than its past earnings growth rate of 154% per year. Meanwhile, the Agricultural Products industry is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
MBH Maggie Beer Holdings8.0%+AU$14.0m20.0%PE102.1x
LGL Lynch Group Holdings3.0%+AU$12.2mn/aPE16.7x
WOA Wide Open Agriculture9.0%+AU$8.0m-25.8%PS22.5x
RIC Ridley1.1%+AU$4.8m45.7%PE17.4x
SHV Select Harvests0.3%+AU$2.4m10.8%PE32.7x
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UMG

AU$4.10

United Malt Group

7D

-3.1%

1Y

-8.3%

ELD

AU$11.38

Elders

7D

-3.5%

1Y

10.5%

RIC

AU$1.36

Ridley

7D

1.1%

1Y

45.7%