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U.K. (FTSE) Food Industry Analysis

UpdatedOct 01, 2025
DataAggregated Company Financials
Companies18
  • 7D1.6%
  • 3M-1.6%
  • 1Y-6.3%
  • YTD0.4%

In the last week, the Food industry is flat overall, with Tate & Lyle standing out by going down 5.1%. Unfortunately though, the industry is down 7.6% over the past 12 months. Earnings are forecast to grow by 9.2% annually.

Industry Valuation and Performance

Has the U.K. Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Oct 2025UK£26.1bUK£38.8bUK£2.1b15.4x12.6x0.7x
Fri, 29 Aug 2025UK£27.6bUK£38.5bUK£2.1b19x13.4x0.7x
Sun, 27 Jul 2025UK£28.3bUK£38.5bUK£2.0b19x14.2x0.7x
Tue, 24 Jun 2025UK£26.4bUK£38.5bUK£2.0b17.9x13.3x0.7x
Thu, 22 May 2025UK£27.8bUK£38.5bUK£2.2b15.8x12.5x0.7x
Sat, 19 Apr 2025UK£27.1bUK£38.4bUK£2.2b15.4x12.5x0.7x
Mon, 17 Mar 2025UK£24.7bUK£38.2bUK£2.1b14.9x11.5x0.6x
Wed, 12 Feb 2025UK£25.6bUK£38.2bUK£2.2b12.5x11.9x0.7x
Fri, 10 Jan 2025UK£25.6bUK£38.2bUK£2.2b12.1x11.8x0.7x
Sun, 08 Dec 2024UK£28.5bUK£38.3bUK£2.2b13.6x13.1x0.7x
Tue, 05 Nov 2024UK£28.6bUK£38.2bUK£1.9b14.3x15.1x0.7x
Thu, 03 Oct 2024UK£28.4bUK£38.2bUK£1.9b14x15x0.7x
Sat, 31 Aug 2024UK£29.6bUK£38.3bUK£1.9b14.5x15.8x0.8x
Mon, 29 Jul 2024UK£31.3bUK£41.8bUK£2.4b14.3x13.3x0.7x
Wed, 26 Jun 2024UK£31.0bUK£41.8bUK£2.4b14.1x13.2x0.7x
Fri, 24 May 2024UK£32.9bUK£41.8bUK£2.4b14.3x13.9x0.8x
Sun, 21 Apr 2024UK£29.9bUK£41.3bUK£2.3b14.7x13.1x0.7x
Tue, 19 Mar 2024UK£26.9bUK£38.3bUK£1.8b14.3x15.4x0.7x
Thu, 15 Feb 2024UK£27.3bUK£40.9bUK£2.2b15.2x12.6x0.7x
Sat, 13 Jan 2024UK£28.3bUK£41.9bUK£2.2b15.4x12.7x0.7x
Mon, 11 Dec 2023UK£29.6bUK£41.8bUK£2.2b15.8x13.4x0.7x
Wed, 08 Nov 2023UK£27.4bUK£40.2bUK£1.4b19.3x20.1x0.7x
Fri, 06 Oct 2023UK£25.3bUK£40.1bUK£1.3b19.4x18.8x0.6x
Sun, 03 Sep 2023UK£25.6bUK£39.8bUK£1.4b14.9x18.2x0.6x
Tue, 01 Aug 2023UK£26.5bUK£40.1bUK£1.3b14.3x20.2x0.7x
Thu, 29 Jun 2023UK£25.3bUK£40.5bUK£1.3b13.2x19.6x0.6x
Sat, 27 May 2023UK£25.2bUK£40.4bUK£1.3b13x19.4x0.6x
Mon, 24 Apr 2023UK£26.7bUK£38.0bUK£1.0b13.9x25.8x0.7x
Wed, 22 Mar 2023UK£25.8bUK£38.3bUK£1.1b14.2x24.3x0.7x
Fri, 17 Feb 2023UK£25.8bUK£38.3bUK£1.1b13.1x22.5x0.7x
Sun, 15 Jan 2023UK£24.8bUK£38.4bUK£1.1b12.8x21.6x0.6x
Tue, 13 Dec 2022UK£23.0bUK£38.8bUK£1.1b12.5x20.2x0.6x
Thu, 10 Nov 2022UK£22.4bUK£38.3bUK£1.7b12.9x13.2x0.6x
Sat, 08 Oct 2022UK£19.6bUK£36.7bUK£1.8b11.3x11x0.5x
Price to Earnings Ratio

11x


Total Market Cap: UK£19.6bTotal Earnings: UK£1.8bTotal Revenue: UK£36.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Food Industry Price to Earnings3Y Average 16.7x202320242025
Current Industry PE
  • Investors are pessimistic on the British Food industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.5x which is lower than its 3-year average PE of 16.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 5.3% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.K. Consumer Staples industry?

GB Market1.54%
Consumer Staples0.56%
Food1.58%
Packaged Foods and Meats1.64%
Agricultural Products0.63%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 19.2x.
    • Analysts are expecting annual earnings growth of 9.6%, which is lower than the prior year's growth of 11.1% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 9.6% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Agricultural Products industry is expected to see its earnings decline by 2.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ABF Associated British FoodsUK£20.513.0%
+UK£423.4m		-11.5%PE11.1x
MHPC MHPUS$6.127.4%
+US$45.0m		51.9%PE3.9x
CWK CranswickUK£50.200.7%
+UK£18.7m		-1.4%PE20x
HFG Hilton Food GroupUK£6.683.1%
+UK£18.0m		-25.9%PE15.4x
AEP Anglo-Eastern PlantationsUK£13.803.0%
+UK£15.3m		123.3%PE8.2x

Latest News

SALT
UK£0.54
MicroSalt
7D
-0.9%
1Y
21.3%
HFG
UK£6.68
Hilton Food Group
7D
3.1%
1Y
-25.9%
PACS
UK£0.0045
PACSCo
7D
-9.6%
1Y
-49.4%
AEP
UK£13.80
Anglo-Eastern Plantations
7D
3.0%
1Y
123.3%
PFD
UK£1.92
Premier Foods
7D
0.5%
1Y
5.4%
BAKK
UK£2.13
Bakkavor Group
7D
0.2%
1Y
37.9%

Margin Pressures And US Expansion Will Reshape Market Valuation

The consensus analyst price target for Bakkavor Group has increased to £2.12, reflecting modest improvements in both net profit margin and revenue growth forecasts. Valuation Changes Summary of Valuation Changes for Bakkavor Group The Consensus Analyst Price Target has risen from £1.98 to £2.12.
TATE
UK£4.50
Tate & Lyle
7D
-5.1%
1Y
-33.5%

Integrating CP Kelco And Partnering With Manus Will Drive Growth And Enhance Profitability

The slight reduction in Tate & Lyle’s consensus price target reflects a modest decline in net profit margin, resulting in a new fair value of £7.09. What's in the News Tate & Lyle is showcasing health-focused ingredient innovations at the IFT FIRST Conference, including advancements in sugar reduction, fiber fortification, and novel textures.
ABF
UK£20.51
Associated British Foods
7D
3.0%
1Y
-11.5%

Primark's Expansion And Click & Collect Will Attract Future Customers

The slight decrease in Associated British Foods' consensus price target to £22.07 reflects divergent analyst sentiment driven by uncertainty over UK consumer spending, macroeconomic conditions, and varying expectations for margin and revenue stability. Analyst Commentary Bearish analysts have taken a more cautious view on the UK consumer, leading to a downgrade and lower price target.
ANP
UK£5.00
Anpario
7D
-0.4%
1Y
51.5%

Anpario (LON:ANP) Is Due To Pay A Dividend Of £0.036

Sep 13
Anpario (LON:ANP) Is Due To Pay A Dividend Of £0.036
MHPC
US$6.12
MHP
7D
7.4%
1Y
51.9%
CWK
UK£50.20
Cranswick
7D
0.7%
1Y
-1.4%

Getting In Cheap On Cranswick plc (LON:CWK) Is Unlikely

Sep 12
Getting In Cheap On Cranswick plc (LON:CWK) Is Unlikely
CAM
UK£59.25
Camellia
7D
-0.8%
1Y
37.2%
UKR
UK£0.058
Ukrproduct Group
7D
-4.2%
1Y
91.7%
GNC
UK£2.29
Greencore Group
7D
-0.4%
1Y
27.1%

When Should You Buy Greencore Group plc (LON:GNC)?

Sep 03
When Should You Buy Greencore Group plc (LON:GNC)?
CARR
UK£1.37
Fevara
7D
-7.4%
1Y
2.2%

An Intrinsic Calculation For Carr's Group plc (LON:CARR) Suggests It's 39% Undervalued

Aug 28
An Intrinsic Calculation For Carr's Group plc (LON:CARR) Suggests It's 39% Undervalued
RE.
UK£1.04
R.E.A. Holdings
7D
3.0%
1Y
29.6%