We Think Imperial Ginseng Products' (CVE:IGP) Robust Earnings Are Conservative
Despite announcing strong earnings, Imperial Ginseng Products Ltd.'s ( CVE:IGP ) stock was sluggish. We think that the...
Has the Canadian Food Industry valuation changed over the past few years?
|Sun, 05 Dec 2021||CA$25.8b||CA$29.1b||CA$669.9m||13.2x|
|Tue, 02 Nov 2021||CA$27.0b||CA$28.6b||CA$761.7m||18.3x|
|Thu, 30 Sep 2021||CA$28.2b||CA$28.7b||CA$756.8m||18.2x|
|Sat, 28 Aug 2021||CA$29.8b||CA$28.6b||CA$764.3m||18.2x|
|Sun, 04 Jul 2021||CA$30.3b||CA$28.6b||CA$757.4m||17.7x|
|Wed, 07 Apr 2021||CA$31.2b||CA$28.2b||CA$867.0m||20.8x|
|Sat, 09 Jan 2021||CA$28.3b||CA$28.1b||CA$824.0m||20.2x|
|Fri, 02 Oct 2020||CA$24.8b||CA$27.9b||CA$734.6m||11.5x|
|Mon, 06 Jul 2020||CA$23.2b||CA$27.7b||CA$652.0m||11.6x|
|Thu, 09 Apr 2020||CA$22.0b||CA$28.1b||CA$606.2m||15.6x|
|Wed, 01 Jan 2020||CA$25.9b||CA$27.2b||CA$752.4m||21.3x|
|Sat, 05 Oct 2019||CA$27.1b||CA$27.4b||CA$793.7m||21.8x|
|Tue, 09 Jul 2019||CA$26.0b||CA$26.9b||CA$874.8m||17.3x|
|Mon, 01 Apr 2019||CA$27.9b||CA$26.3b||CA$937.0m||19.1x|
|Thu, 03 Jan 2019||CA$24.6b||CA$25.0b||CA$835.6m||13.1x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 13.3x which is lower than its 3-year average PE of 17.4x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: The earnings for companies in the Food industry have declined 7.1% per year over the last three years, while revenues for these companies have grown 5.2% 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.
Which industries have driven the changes within the Canadian Food industry?
|Packaged Foods and Meats||-2.91%|
Industry PE: Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 501x. This is likely because analysts are expecting annual earnings growth of 87%, which is higher than its past year's earnings decline of 4.1% per year. Meanwhile, investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 16.3x.
Forecasted Growth: Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 87% over the next 5 years. This is better than its past earnings decline of 4.1% per year. Meanwhile, the Packaged Foods and Meats industry is expected to see its earnings grow by 29% per year over the next few years.
Which companies have driven the market over the last 7 days?
Imperial Ginseng Products
Maple Leaf Foods
Else Nutrition Holdings
Very Good Food
Pond Technologies Holdings
Planting Hope Company
Village Farms International
Premium Brands Holdings
Canyon Creek Food