Spanish (IBEX) Food Industry Analysis

Industry Valuation and Performance

Has the Spanish Food Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 13 Apr 2024	€5.2b	€5.3b	€305.9m	15.8x	17x	1x
Mon, 11 Mar 2024	€5.1b	€5.3b	€305.9m	15.5x	16.6x	1x
Wed, 07 Feb 2024	€5.0b	€5.3b	€303.4m	15.9x	16.4x	0.9x
Fri, 05 Jan 2024	€5.1b	€5.3b	€303.4m	16x	16.7x	1x
Sun, 03 Dec 2023	€5.2b	€5.3b	€303.4m	16.5x	17.1x	1x
Tue, 31 Oct 2023	€5.2b	€5.3b	€289.0m	16.9x	17.9x	1x
Thu, 28 Sep 2023	€5.3b	€5.3b	€289.0m	17.4x	18.4x	1x
Sat, 26 Aug 2023	€5.4b	€5.3b	€296.8m	19.6x	18.3x	1x
Mon, 24 Jul 2023	€5.6b	€5.3b	€261.9m	20.7x	21.3x	1.1x
Wed, 21 Jun 2023	€5.5b	€5.3b	€261.9m	20.7x	21.2x	1.1x
Fri, 19 May 2023	€5.8b	€5.3b	€261.9m	21.6x	22x	1.1x
Sun, 16 Apr 2023	€5.8b	€5.1b	€261.3m	22.1x	22.3x	1.1x
Tue, 14 Mar 2023	€5.7b	€5.1b	€261.3m	21.7x	21.9x	1.1x
Thu, 09 Feb 2023	€5.4b	€4.9b	€256.3m	31.1x	21.1x	1.1x
Sat, 07 Jan 2023	€5.4b	€4.9b	€256.3m	27.9x	20.9x	1.1x
Mon, 05 Dec 2022	€5.3b	€4.9b	€256.3m	28.8x	20.9x	1.1x
Wed, 02 Nov 2022	€5.3b	€4.9b	€256.3m	28.5x	20.5x	1.1x
Fri, 30 Sep 2022	€5.0b	€4.7b	€260.7m	26.4x	19.1x	1.1x
Sun, 28 Aug 2022	€5.3b	€4.7b	€260.7m	31.7x	20.2x	1.1x
Tue, 26 Jul 2022	€5.3b	€4.4b	€293.7m	19.9x	18.2x	1.2x
Thu, 23 Jun 2022	€5.2b	€4.4b	€293.7m	18.4x	17.6x	1.2x
Sat, 21 May 2022	€5.0b	€4.4b	€293.7m	17.6x	17.1x	1.1x
Mon, 18 Apr 2022	€5.2b	€4.2b	€307.7m	18.7x	17.1x	1.2x
Wed, 16 Mar 2022	€5.2b	€4.2b	€307.7m	18.4x	16.9x	1.2x
Fri, 11 Feb 2022	€5.3b	€4.6b	€320.0m	18.7x	16.6x	1.2x
Sun, 09 Jan 2022	€5.4b	€4.6b	€320.0m	19.2x	16.9x	1.2x
Tue, 07 Dec 2021	€5.4b	€4.6b	€320.0m	19.3x	17x	1.2x
Thu, 04 Nov 2021	€5.6b	€4.6b	€320.0m	19.9x	17.6x	1.2x
Sat, 02 Oct 2021	€5.4b	€4.6b	€309.0m	20x	17.3x	1.2x
Mon, 30 Aug 2021	€5.7b	€4.6b	€305.0m	20.7x	18.6x	1.2x
Tue, 06 Jul 2021	€5.7b	€4.6b	€305.0m	21.1x	18.8x	1.3x

Current Industry PE

Investors are relatively neutral on the Spanish Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 18.3x.

The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.99x.

Past Earnings Growth

The earnings for companies in the Food industry have declined 16% per year over the last three years.
Meanwhile revenues for these companies have grown 4.6% 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.

Industry Trends

Which industries have driven the changes within the Spanish Consumer Staples industry?


ES Market	-1.72%
Consumer Staples	0.50%
Food	0.49%
Packaged Foods and Meats	0.49%
Agricultural Products	0%

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 18.3x.

Analysts are expecting annual earnings growth of 6.3%, which is lower than the prior year's growth of 26.6% per year.

Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average of 18.3x.

Forecasted Growth

Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 6.3% over the next 5 years.
However this is lower than its past earnings growth rate of 27% per year.

In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 6.3% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
EBRO Ebro Foods	€15.32	0.8% +€18.5m	-7.9%	PE12.6x
VIS Viscofan	€58.00	0.2% +€4.6m	-13.0%	PE19x
OLE Deoleo	€0.22	2.3% +€2.5m	-14.7%	PS0.1x
PVA Pescanova	€0.41	16.7% +€1.7m	7.4%	PE-19.1x

Company

Last Price

Valuation

EBRO Ebro Foods

€15.32

0.8%
+€18.5m

-7.9%

PE12.6x

VIS Viscofan

€58.00

0.2%
+€4.6m

-13.0%