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Australian (ASX) Food Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies32
- 7D-0.6%
- 3M1.9%
- 1Y8.6%
- YTD7.5%
Last week, the Food industry hasn't moved much but Bega Cheese is up 3.8% in that time. As for the the longer term, the industry is up 8.2% over the past 12 months. Looking forward, earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$8.7b | AU$15.1b | AU$123.9m | 23.3x | 70.4x | 0.6x |
| Mon, 18 Nov 2024 | AU$8.7b | AU$14.8b | -AU$23,035,540.53 | 21.5x | -379.2x | 0.6x |
| Wed, 16 Oct 2024 | AU$8.6b | AU$14.8b | -AU$22,831,285.53 | 20.4x | -377.7x | 0.6x |
| Fri, 13 Sep 2024 | AU$8.4b | AU$15.0b | -AU$80,441,538.22 | 19.4x | -105x | 0.6x |
| Sun, 11 Aug 2024 | AU$8.2b | AU$14.8b | -AU$342,500,359.10 | 16.3x | -24.1x | 0.6x |
| Tue, 09 Jul 2024 | AU$8.0b | AU$14.8b | -AU$344,303,417.09 | 15.9x | -23.3x | 0.5x |
| Thu, 06 Jun 2024 | AU$8.1b | AU$14.7b | -AU$342,818,420.36 | 16.4x | -23.6x | 0.6x |
| Sat, 04 May 2024 | AU$8.1b | AU$15.0b | -AU$460,927,921.25 | 15.1x | -17.6x | 0.5x |
| Mon, 01 Apr 2024 | AU$8.4b | AU$15.0b | -AU$461,077,086.20 | 16.7x | -18.2x | 0.6x |
| Wed, 28 Feb 2024 | AU$8.1b | AU$15.0b | -AU$447,956,107.17 | 13.9x | -18.2x | 0.5x |
| Fri, 26 Jan 2024 | AU$12.4b | AU$18.5b | -AU$499,349,948.00 | 20.7x | -24.8x | 0.7x |
| Sun, 24 Dec 2023 | AU$11.9b | AU$18.5b | -AU$498,120,884.00 | 21.4x | -23.9x | 0.6x |
| Tue, 21 Nov 2023 | AU$11.7b | AU$18.4b | -AU$495,918,939.00 | 23.9x | -23.5x | 0.6x |
| Thu, 19 Oct 2023 | AU$11.3b | AU$18.7b | -AU$318,126,929.00 | 23.1x | -35.4x | 0.6x |
| Sat, 16 Sep 2023 | AU$11.1b | AU$18.7b | -AU$317,068,874.00 | 22.6x | -35.1x | 0.6x |
| Mon, 14 Aug 2023 | AU$11.6b | AU$18.1b | -AU$71,714,947.00 | 32.5x | -161.3x | 0.6x |
| Wed, 12 Jul 2023 | AU$11.3b | AU$18.1b | -AU$71,931,015.00 | 32.8x | -156.5x | 0.6x |
| Fri, 09 Jun 2023 | AU$10.8b | AU$18.0b | -AU$76,000,338.00 | 28.6x | -141.9x | 0.6x |
| Sun, 07 May 2023 | AU$11.4b | AU$17.8b | AU$227.6m | 26.6x | 50.2x | 0.6x |
| Tue, 04 Apr 2023 | AU$11.6b | AU$17.8b | AU$227.7m | 26.2x | 51x | 0.7x |
| Thu, 02 Mar 2023 | AU$11.4b | AU$17.7b | AU$243.9m | 20.3x | 46.9x | 0.6x |
| Sat, 28 Jan 2023 | AU$12.0b | AU$17.2b | AU$328.2m | 12.9x | 36.5x | 0.7x |
| Mon, 26 Dec 2022 | AU$11.6b | AU$17.2b | AU$328.1m | 14.3x | 35.4x | 0.7x |
| Wed, 23 Nov 2022 | AU$11.7b | AU$17.0b | AU$326.4m | 13.6x | 35.8x | 0.7x |
| Fri, 21 Oct 2022 | AU$11.9b | AU$16.4b | AU$397.9m | 15.3x | 29.8x | 0.7x |
| Sun, 18 Sep 2022 | AU$12.6b | AU$16.4b | AU$397.6m | 15.3x | 31.7x | 0.8x |
| Tue, 16 Aug 2022 | AU$12.8b | AU$15.9b | AU$494.9m | 14.9x | 25.9x | 0.8x |
| Thu, 14 Jul 2022 | AU$12.2b | AU$16.0b | AU$495.3m | 13.9x | 24.6x | 0.8x |
| Sat, 11 Jun 2022 | AU$13.1b | AU$15.7b | AU$470.7m | 14.6x | 27.8x | 0.8x |
| Mon, 09 May 2022 | AU$13.3b | AU$15.2b | AU$438.8m | 16.6x | 30.3x | 0.9x |
| Wed, 06 Apr 2022 | AU$13.2b | AU$15.2b | AU$438.2m | 15.7x | 30.1x | 0.9x |
| Fri, 04 Mar 2022 | AU$13.1b | AU$15.2b | AU$438.5m | 16.6x | 29.8x | 0.9x |
| Sun, 30 Jan 2022 | AU$13.2b | AU$14.0b | AU$428.8m | 18.6x | 30.7x | 0.9x |
| Tue, 28 Dec 2021 | AU$13.7b | AU$14.0b | AU$428.7m | 18.4x | 31.9x | 1x |
Price to Earnings Ratio
31.9x
Current Industry PE
- Investors are optimistic on the Australian Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 70.3x which is higher than its 3-year average PE of -24.1x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 34% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.4% 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 | -2.74% | |
| Consumer Staples | -0.94% | |
| Food | -0.62% | |
| Packaged Foods and Meats | 0.42% | |
| Agricultural Products | -2.62% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 57.5x.
- Analysts are expecting annual earnings growth of 9.8%, which is lower than the prior year's growth of 32.0% per year.
- Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 41.5x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 4.7% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 9.8% 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$5.50 | 3.8% +AU$61.0m | 59.0% | PE55x | |
| CBO Cobram Estate Olives | AU$2.10 | 5.0% +AU$41.8m | 20.0% | PE47.4x | |
| AAC Australian Agricultural | AU$1.41 | 1.8% +AU$15.1m | 4.8% | PE24.6x | |
| AHF Australian Dairy Nutritionals | AU$0.053 | 12.8% +AU$4.5m | 307.7% | PS6.3x | |
| WNX Wellnex Life | AU$0.74 | 17.5% +AU$3.3m | -38.3% | PS1.3x |
