Narrative Update • Jul 23

Last week, the Food Distributors industry hasn't moved much but Metcash is up 3.6% in that time. As for the longer term, the industry has declined 22% in the last year. Looking forward, earnings are forecast to grow by 4.0% annually.
Has the Australian Food Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 08 Aug 2026 | AU$3.5b | AU$17.4b | AU$279.1m | 12.4x | 12.4x | 0.2x |
| Mon, 06 Jul 2026 | AU$3.3b | AU$17.4b | AU$279.1m | 11.8x | 11.8x | 0.2x |
| Wed, 03 Jun 2026 | AU$3.3b | AU$17.3b | AU$283.7m | 11.7x | 11.7x | 0.2x |
| Fri, 01 May 2026 | AU$3.0b | AU$17.3b | AU$283.7m | 10.5x | 10.5x | 0.2x |
| Sun, 29 Mar 2026 | AU$3.3b | AU$17.3b | AU$283.7m | 11.8x | 11.8x | 0.2x |
| Tue, 24 Feb 2026 | AU$3.6b | AU$17.3b | AU$283.7m | 12.8x | 12.8x | 0.2x |
| Thu, 22 Jan 2026 | AU$5.2b | AU$24.6b | AU$323.6m | 25.9x | 16.2x | 0.2x |
| Sat, 20 Dec 2025 | AU$5.1b | AU$24.6b | AU$323.6m | 25.5x | 15.8x | 0.2x |
| Mon, 17 Nov 2025 | AU$6.0b | AU$24.6b | AU$323.2m | 29.1x | 18.4x | 0.2x |
| Wed, 15 Oct 2025 | AU$6.1b | AU$24.5b | AU$353.6m | 21.2x | 17.3x | 0.2x |
| Fri, 12 Sep 2025 | AU$6.2b | AU$24.5b | AU$353.6m | 21x | 17.5x | 0.3x |
| Sun, 10 Aug 2025 | AU$6.1b | AU$24.5b | AU$351.6m | 19.7x | 17.3x | 0.2x |
| Tue, 08 Jul 2025 | AU$6.2b | AU$24.5b | AU$351.6m | 20x | 17.7x | 0.3x |
| Thu, 05 Jun 2025 | AU$5.5b | AU$23.8b | AU$326.3m | 19.5x | 16.8x | 0.2x |
| Sat, 03 May 2025 | AU$5.1b | AU$23.1b | AU$317.8m | 19x | 16.1x | 0.2x |
| Mon, 31 Mar 2025 | AU$5.0b | AU$23.1b | AU$317.8m | 19.2x | 15.9x | 0.2x |
| Wed, 26 Feb 2025 | AU$5.0b | AU$23.1b | AU$319.6m | 19.1x | 15.7x | 0.2x |
| Fri, 24 Jan 2025 | AU$5.0b | AU$23.1b | AU$319.6m | 19.6x | 15.7x | 0.2x |
| Sun, 22 Dec 2024 | AU$5.1b | AU$23.1b | AU$319.6m | 20x | 16x | 0.2x |
| Tue, 19 Nov 2024 | AU$5.2b | AU$22.4b | AU$318.8m | 21x | 16.4x | 0.2x |
| Thu, 17 Oct 2024 | AU$5.8b | AU$23.0b | AU$356.2m | 17.5x | 16.4x | 0.3x |
| Sat, 14 Sep 2024 | AU$5.9b | AU$23.0b | AU$356.2m | 17.8x | 16.6x | 0.3x |
| Mon, 12 Aug 2024 | AU$5.8b | AU$23.0b | AU$356.2m | 17.3x | 16.3x | 0.3x |
| Wed, 10 Jul 2024 | AU$5.9b | AU$23.0b | AU$356.2m | 17.6x | 16.6x | 0.3x |
| Fri, 07 Jun 2024 | AU$6.3b | AU$23.0b | AU$373.3m | 18.1x | 16.8x | 0.3x |
| Sun, 05 May 2024 | AU$6.0b | AU$24.1b | AU$524.0m | 11.3x | 11.5x | 0.3x |
| Tue, 02 Apr 2024 | AU$6.1b | AU$24.1b | AU$524.0m | 11.5x | 11.7x | 0.3x |
| Thu, 29 Feb 2024 | AU$5.7b | AU$24.1b | AU$524.0m | 10.6x | 10.8x | 0.2x |
| Sat, 27 Jan 2024 | AU$5.3b | AU$24.2b | AU$513.4m | 9.9x | 10.3x | 0.2x |
| Mon, 25 Dec 2023 | AU$5.1b | AU$24.2b | AU$513.4m | 9.5x | 9.9x | 0.2x |
| Wed, 22 Nov 2023 | AU$5.3b | AU$24.1b | AU$498.1m | 10.4x | 10.7x | 0.2x |
| Fri, 20 Oct 2023 | AU$5.2b | AU$24.4b | AU$583.1m | 9.3x | 8.9x | 0.2x |
| Sun, 17 Sep 2023 | AU$5.2b | AU$24.4b | AU$583.1m | 9.3x | 8.9x | 0.2x |
| Tue, 15 Aug 2023 | AU$5.3b | AU$24.4b | AU$583.1m | 9.4x | 9.1x | 0.2x |
9.1x
How does Australian Food Distributors compare with similar industries?
| AU Market | 3.35% | |
| Consumer Staples | 1.50% | |
| Food and Staples Retail | 1.25% | |
| Food Distributors | 3.62% | |
| Food Retail | 1.16% | |
| Drug Retail | 0% | 0 |
| Big Box Super Stores | 0% | 0 |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MTS Metcash | AU$3.15 | 3.6% +AU$121.0m | -21.4% | PE12.4x |