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Dec 07
Australian (ASX) Food Industry Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies45
- 7D0.7%
- 3M4.9%
- 1Y3.7%
- YTD1.9%
Over the last 7 days, the Food industry has remained flat, although notably Bega Cheese gained 5.5%. As for the the longer term, the industry is up 3.7% over the past 12 months. Earnings are forecast to grow by 36% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 08 Dec 2023 | AU$11.6b | AU$18.4b | -AU$520,736,357.00 | 22.1x | -22.3x | 0.6x |
| Sun, 05 Nov 2023 | AU$11.3b | AU$18.7b | -AU$319,116,486.00 | 24.6x | -35.4x | 0.6x |
| Tue, 03 Oct 2023 | AU$11.0b | AU$18.7b | -AU$317,549,313.00 | 22.3x | -34.6x | 0.6x |
| Thu, 31 Aug 2023 | AU$11.4b | AU$18.7b | -AU$276,246,714.00 | 25.1x | -41.1x | 0.6x |
| Sat, 29 Jul 2023 | AU$11.4b | AU$18.1b | -AU$71,892,096.00 | 33x | -157.9x | 0.6x |
| Mon, 26 Jun 2023 | AU$10.8b | AU$18.1b | -AU$71,876,837.00 | 29.2x | -149.9x | 0.6x |
| Wed, 24 May 2023 | AU$10.9b | AU$18.0b | AU$64.9m | 33.3x | 168.4x | 0.6x |
| Fri, 21 Apr 2023 | AU$11.5b | AU$17.8b | AU$227.7m | 25.9x | 50.4x | 0.6x |
| Sun, 19 Mar 2023 | AU$10.9b | AU$17.8b | AU$227.6m | 26.5x | 48.1x | 0.6x |
| Tue, 14 Feb 2023 | AU$11.2b | AU$17.2b | AU$328.6m | 12.7x | 34.2x | 0.7x |
| Thu, 12 Jan 2023 | AU$11.7b | AU$17.2b | AU$328.6m | 13.6x | 35.6x | 0.7x |
| Sat, 10 Dec 2022 | AU$11.6b | AU$17.1b | AU$327.1m | 13.6x | 35.6x | 0.7x |
| Mon, 07 Nov 2022 | AU$12.2b | AU$16.4b | AU$387.1m | 14.9x | 31.5x | 0.7x |
| Wed, 05 Oct 2022 | AU$12.1b | AU$16.4b | AU$397.4m | 15.9x | 30.6x | 0.7x |
| Fri, 02 Sep 2022 | AU$12.7b | AU$16.4b | AU$398.6m | 15.3x | 31.8x | 0.8x |
| Sun, 31 Jul 2022 | AU$12.3b | AU$16.0b | AU$495.1m | 13.9x | 24.8x | 0.8x |
| Tue, 28 Jun 2022 | AU$12.8b | AU$15.7b | AU$470.8m | 15.2x | 27.2x | 0.8x |
| Thu, 26 May 2022 | AU$13.4b | AU$15.7b | AU$465.0m | 15.9x | 28.8x | 0.9x |
| Sat, 23 Apr 2022 | AU$13.9b | AU$15.2b | AU$438.4m | 16.7x | 31.6x | 0.9x |
| Mon, 21 Mar 2022 | AU$13.2b | AU$15.2b | AU$438.3m | 15.5x | 30x | 0.9x |
| Wed, 16 Feb 2022 | AU$13.5b | AU$14.2b | AU$437.5m | 18.2x | 30.8x | 0.9x |
| Fri, 14 Jan 2022 | AU$13.7b | AU$14.0b | AU$428.7m | 19.3x | 31.9x | 1x |
| Sun, 12 Dec 2021 | AU$13.5b | AU$14.0b | AU$426.1m | 18.3x | 31.6x | 1x |
| Tue, 09 Nov 2021 | AU$14.4b | AU$14.3b | AU$211.8m | 20.3x | 67.9x | 1x |
| Thu, 07 Oct 2021 | AU$14.6b | AU$14.3b | AU$211.9m | 19.2x | 68.9x | 1x |
| Sat, 04 Sep 2021 | AU$13.3b | AU$11.5b | AU$95.6m | 18.4x | 138.9x | 1.2x |
| Mon, 02 Aug 2021 | AU$12.0b | AU$11.5b | AU$95.6m | 18.3x | 125.6x | 1x |
| Thu, 06 May 2021 | AU$12.5b | AU$11.1b | AU$113.0m | 20.9x | 110.5x | 1.1x |
| Sun, 07 Feb 2021 | AU$11.2b | AU$10.6b | AU$41.4m | 18x | 271.2x | 1.1x |
Price to Earnings Ratio
247.3x
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 0.84x.
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 20% 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 | 1.05% | |
| Consumer Staples | 1.63% | |
| Food | 0.65% | |
| Packaged Foods and Meats | 1.01% | |
| Agricultural Products | 0.0016% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 29.7x.
- Analysts are expecting annual earnings growth of 24.0%, which is higher than its past year's earnings decline of 43.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| BGA Bega Cheese | AU$3.24 | 5.5% +AU$51.8m | -10.5% | PS0.3x | |
| CBO Cobram Estate Olives | AU$1.50 | 7.1% +AU$41.6m | 0.7% | PE80.8x | |
| AAC Australian Agricultural | AU$1.40 | 3.3% +AU$27.1m | -20.0% | PS2.7x | |
| RIC Ridley | AU$2.38 | 2.6% +AU$18.9m | 24.6% | PE18x | |
| ING Inghams Group | AU$3.90 | 1.0% +AU$14.9m | 34.0% | PE24x |