Greenyard's (EBR:GREEN) Earnings Are Of Questionable Quality
Greenyard NV's ( EBR:GREEN ) robust earnings report didn't manage to move the market for its stock. Our analysis...
Has the Belgian Food Industry valuation changed over the past few years?
|Thu, 02 Dec 2021||€6.4b||€6.7b||€181.2m||47.6x|
|Sat, 30 Oct 2021||€6.7b||€6.7b||€172.6m||50.6x|
|Mon, 27 Sep 2021||€6.6b||€6.7b||€165.1m||48.8x|
|Wed, 25 Aug 2021||€6.5b||€6.7b||€161.6m||48.1x|
|Thu, 01 Jul 2021||€5.8b||€6.7b||€161.6m||41.9x|
|Sun, 04 Apr 2021||€5.4b||€6.6b||€132.8m||48.8x|
|Wed, 06 Jan 2021||€4.4b||€6.5b||€91.6m||39x|
|Sat, 10 Oct 2020||€3.9b||€6.5b||€67.0m||36.9x|
|Fri, 03 Jul 2020||€3.5b||€6.4b||€30.2m||31.1x|
|Mon, 06 Apr 2020||€3.4b||€6.3b||€13.6m||26.2x|
|Thu, 09 Jan 2020||€3.4b||€6.2b||-€30,172,557.20||27.9x|
|Wed, 02 Oct 2019||€3.2b||€6.1b||-€75,962,883.95||29x|
|Sat, 06 Jul 2019||€3.0b||€6.0b||-€82,766,985.60||25x|
|Tue, 09 Apr 2019||€3.1b||€6.0b||-€83,920,821.00||28.2x|
|Mon, 31 Dec 2018||€3.1b||€6.1b||€38.4m||23.3x|
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 46.2x which is higher than its 3-year average PE of 34.1x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Food industry have grown 53% per year over the last three years, and revenues for these companies have grown 3.6% 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 Belgian Food industry?
|Packaged Foods and Meats||0.13%|
Industry PE: Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 33.2x. However analysts are expecting annual earnings growth of 15%, which is lower than the prior year's growth of 33% 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 227x.
Forecasted Growth: Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 15% over the next 5 years. However this is lower than its past earnings growth rate of 33% per year. Meanwhile, the Agricultural Products industry is expected to see its earnings grow by 2.8% per year over the next few years.