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Australian (ASX) Food Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies32
- 7D-1.3%
- 3M2.2%
- 1Y10.9%
- YTD6.4%
Over the last 7 days, the Food industry has dropped 1.3%, driven by a pullback from Elders of 14%. In the past year, the industry has gained 11%. Looking forward, earnings are forecast to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | AU$8.6b | AU$14.9b | AU$99.3m | 22.9x | 86.8x | 0.6x |
| Sat, 19 Oct 2024 | AU$8.6b | AU$14.8b | -AU$22,831,324.61 | 20.4x | -377x | 0.6x |
| Mon, 16 Sep 2024 | AU$8.5b | AU$15.0b | -AU$80,431,171.93 | 19.8x | -106x | 0.6x |
| Wed, 14 Aug 2024 | AU$8.2b | AU$14.8b | -AU$342,457,152.70 | 16.5x | -24.1x | 0.6x |
| Fri, 12 Jul 2024 | AU$8.1b | AU$14.8b | -AU$344,263,043.99 | 15.9x | -23.6x | 0.5x |
| Sun, 09 Jun 2024 | AU$8.1b | AU$14.7b | -AU$342,965,527.86 | 15.7x | -23.5x | 0.5x |
| Tue, 07 May 2024 | AU$8.1b | AU$15.0b | -AU$460,827,016.81 | 15.1x | -17.5x | 0.5x |
| Thu, 04 Apr 2024 | AU$8.4b | AU$15.0b | -AU$461,089,756.00 | 16.8x | -18.1x | 0.6x |
| Sat, 02 Mar 2024 | AU$8.1b | AU$15.0b | -AU$431,021,626.83 | 17.2x | -18.8x | 0.5x |
| Mon, 29 Jan 2024 | AU$12.4b | AU$18.5b | -AU$499,335,916.00 | 20.7x | -24.8x | 0.7x |
| Wed, 27 Dec 2023 | AU$11.9b | AU$18.5b | -AU$498,592,276.00 | 20.9x | -23.8x | 0.6x |
| Fri, 24 Nov 2023 | AU$11.6b | AU$18.4b | -AU$495,820,286.00 | 23.3x | -23.5x | 0.6x |
| Sun, 22 Oct 2023 | AU$11.2b | AU$18.7b | -AU$319,866,363.00 | 23x | -34.9x | 0.6x |
| Tue, 19 Sep 2023 | AU$11.0b | AU$18.7b | -AU$317,075,631.00 | 22.9x | -34.8x | 0.6x |
| Thu, 17 Aug 2023 | AU$11.4b | AU$18.1b | -AU$70,426,428.00 | 24.2x | -162.3x | 0.6x |
| Sat, 15 Jul 2023 | AU$11.4b | AU$18.1b | -AU$72,097,031.00 | 33x | -157.8x | 0.6x |
| Mon, 12 Jun 2023 | AU$10.7b | AU$18.0b | -AU$76,027,053.00 | 28.6x | -141.4x | 0.6x |
| Wed, 10 May 2023 | AU$11.3b | AU$17.8b | AU$227.6m | 26.9x | 49.8x | 0.6x |
| Fri, 07 Apr 2023 | AU$11.5b | AU$17.8b | AU$227.6m | 26.2x | 50.5x | 0.6x |
| Sun, 05 Mar 2023 | AU$11.4b | AU$17.7b | AU$226.3m | 27.5x | 50.4x | 0.6x |
| Tue, 31 Jan 2023 | AU$11.9b | AU$17.2b | AU$328.3m | 12.9x | 36.2x | 0.7x |
| Thu, 29 Dec 2022 | AU$11.6b | AU$17.2b | AU$327.9m | 14.1x | 35.4x | 0.7x |
| Sat, 26 Nov 2022 | AU$11.8b | AU$17.0b | AU$329.3m | 13.3x | 35.7x | 0.7x |
| Mon, 24 Oct 2022 | AU$11.8b | AU$16.4b | AU$397.7m | 15.8x | 29.7x | 0.7x |
| Wed, 21 Sep 2022 | AU$12.5b | AU$16.4b | AU$397.7m | 15.6x | 31.5x | 0.8x |
| Fri, 19 Aug 2022 | AU$12.9b | AU$16.0b | AU$507.1m | 14.9x | 25.4x | 0.8x |
| Sun, 17 Jul 2022 | AU$12.0b | AU$16.0b | AU$495.2m | 13.3x | 24.3x | 0.8x |
| Tue, 14 Jun 2022 | AU$13.1b | AU$15.7b | AU$470.7m | 14.6x | 27.8x | 0.8x |
| Thu, 12 May 2022 | AU$13.4b | AU$15.2b | AU$439.0m | 16.3x | 30.6x | 0.9x |
| Sat, 09 Apr 2022 | AU$13.3b | AU$15.2b | AU$438.3m | 15.6x | 30.4x | 0.9x |
| Mon, 07 Mar 2022 | AU$13.1b | AU$15.2b | AU$438.4m | 16.7x | 29.8x | 0.9x |
| Wed, 02 Feb 2022 | AU$13.2b | AU$14.0b | AU$428.8m | 19x | 30.9x | 0.9x |
| Fri, 31 Dec 2021 | AU$13.9b | AU$14.0b | AU$428.7m | 18.7x | 32.5x | 1x |
| Sun, 28 Nov 2021 | AU$14.0b | AU$14.4b | AU$297.3m | 18.6x | 47.2x | 1x |
Price to Earnings Ratio
47.2x
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 86.8x which is higher than its 3-year average PE of -25.1x.
- The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 31% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | 1.37% | |
| Consumer Staples | 1.83% | |
| Food | -1.28% | |
| Packaged Foods and Meats | 1.74% | |
| Agricultural Products | -6.69% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 39.8x.
- Analysts are expecting annual earnings growth of 37.0%, which is higher than its past year's earnings decline of 4.7% per year.
- Investors are most pessimistic about the Packaged Foods and Meats industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 58.8x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 37% 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 10% 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$5.29 | 3.9% +AU$61.0m | 71.2% | PE52.9x | |
| ING Inghams Group | AU$3.13 | 4.7% +AU$52.0m | -17.2% | PE11.5x | |
| CBO Cobram Estate Olives | AU$2.00 | 5.0% +AU$39.7m | 40.8% | PE45.1x | |
| SGLLV Ricegrowers | AU$9.71 | 5.1% +AU$30.4m | 61.8% | PE9.9x | |
| LV1 Live Verdure | AU$0.89 | 21.9% +AU$24.6m | 143.8% | PS70.6x |
