Returns On Capital At Australian Agricultural Projects (ASX:AAP) Have Hit The Brakes
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Has the Australian Food Industry valuation changed over the past few years?
|Sun, 28 Nov 2021||AU$14.0b||AU$14.4b||AU$297.3m||18.6x|
|Tue, 26 Oct 2021||AU$14.1b||AU$14.0b||AU$186.9m||21.3x|
|Thu, 23 Sep 2021||AU$14.5b||AU$14.3b||AU$211.5m||18.9x|
|Sat, 21 Aug 2021||AU$13.2b||AU$11.5b||AU$95.6m||18.9x|
|Sat, 05 Jun 2021||AU$11.7b||AU$11.1b||AU$113.0m||22.4x|
|Tue, 09 Mar 2021||AU$11.5b||AU$10.6b||AU$41.4m||16.3x|
|Mon, 30 Nov 2020||AU$10.8b||AU$10.4b||AU$55.5m||29x|
|Thu, 03 Sep 2020||AU$10.8b||AU$10.7b||-AU$70,200,574.14||18.4x|
|Sun, 07 Jun 2020||AU$11.0b||AU$10.6b||-AU$125,446,183.24||17.7x|
|Sat, 29 Feb 2020||AU$8.8b||AU$9.1b||-AU$297,664,768.19||13.8x|
|Tue, 03 Dec 2019||AU$9.0b||AU$9.0b||-AU$212,264,814.35||21.5x|
|Fri, 06 Sep 2019||AU$10.2b||AU$11.5b||-AU$135,981,835.59||22.4x|
|Mon, 10 Jun 2019||AU$11.0b||AU$11.4b||AU$797.0k||20.7x|
|Sun, 03 Mar 2019||AU$10.8b||AU$11.3b||AU$35.9m||19.9x|
|Wed, 05 Dec 2018||AU$12.1b||AU$11.1b||AU$107.5m||21.1x|
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.
Which industries have driven the changes within the Australian Food industry?
|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.
Which companies have driven the market over the last 7 days?
United Malt Group
Maggie Beer Holdings
Australian Agricultural Projects
Australian Dairy Nutritionals Group
Costa Group Holdings
Wide Open Agriculture
Lynch Group Holdings
Murray Cod Australia