Header cover image

U.K. (FTSE) Food Industry Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies21
  • 7D2.3%
  • 3M0.7%
  • 1Y14.6%
  • YTD0.6%

In the last week, the Food industry is up 2.3%, with Associated British Foods up 3.9%. In the last 12 months, the industry was up 15%. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024UK£27.1bUK£38.3bUK£1.8b14.2x15.5x0.7x
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
Mon, 05 Sep 2022UK£40.0bUK£44.0bUK£2.7b14.5x14.6x0.9x
Wed, 03 Aug 2022UK£43.0bUK£43.8bUK£3.0b15.1x14.5x1x
Fri, 01 Jul 2022UK£39.9bUK£43.7bUK£3.0b15.8x13.2x0.9x
Sun, 29 May 2022UK£42.3bUK£44.1bUK£3.2b13.7x13.2x1x
Tue, 26 Apr 2022UK£25.1bUK£34.2bUK£2.1b15.2x12.2x0.7x
Thu, 24 Mar 2022UK£25.2bUK£33.3bUK£1.9b14.5x13.2x0.8x
Sat, 19 Feb 2022UK£29.3bUK£33.6bUK£2.0b14.8x14.5x0.9x
Mon, 17 Jan 2022UK£31.1bUK£33.6bUK£2.0b16.6x15.4x0.9x
Wed, 15 Dec 2021UK£29.3bUK£33.7bUK£2.0b15.6x14.3x0.9x
Fri, 12 Nov 2021UK£30.2bUK£33.1bUK£1.7b14.4x18x0.9x
Sun, 10 Oct 2021UK£28.6bUK£31.8bUK£1.6b14.3x17.5x0.9x
Tue, 07 Sep 2021UK£29.8bUK£31.8bUK£1.5b13.5x20.3x0.9x
Thu, 05 Aug 2021UK£30.3bUK£31.2bUK£1.6b17.4x19.2x1x
Sun, 09 May 2021UK£32.2bUK£30.7bUK£1.4b16.2x23.7x1x
Price to Earnings Ratio

24.2x


Total Market Cap: UK£32.5bTotal Earnings: UK£1.3bTotal Revenue: UK£30.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Food Industry Price to Earnings3Y Average 18.4x202220232024
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 15.5x which is lower than its 3-year average PE of 18.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.82x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 9.1% per year over the last three years.
  • Revenues for these companies have grown 7.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

GB Market0.65%
Consumer Staples-0.96%
Food2.35%
Packaged Foods and Meats2.49%
Agricultural Products-1.31%
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 23.3x.
    • Analysts expect its future annual earnings growth (10.3%) to be largely in line with prior year's earnings growth.
  • 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 5.5x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 10% 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 grow by 9.9% 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£23.042.2%
+UK£363.8m
19.3%PE16.5x
TATE Tate & LyleUK£6.031.3%
+UK£31.8m
-22.5%PE13.9x
GNC Greencore GroupUK£1.114.5%
+UK£22.1m
39.3%PE14.3x
CWK CranswickUK£41.121.0%
+UK£21.6m
41.5%PE17.5x
BAKK Bakkavor GroupUK£1.052.5%
+UK£14.4m
-2.3%PE11.1x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

TATE

UK£6.03

Tate & Lyle

7D

1.3%

1Y

-22.5%

AEP

UK£6.94

Anglo-Eastern Plantations

7D

-0.3%

1Y

-13.9%

MPE

UK£7.50

M.P. Evans Group

7D

-1.3%

1Y

-9.6%

BMK

UK£0.46

Benchmark Holdings

7D

-1.2%

1Y

25.9%

CARR

UK£1.19

Carr's Group

7D

-5.0%

1Y

n/a

GNC

UK£1.11

Greencore Group

7D

4.5%

1Y

39.3%

SALT

UK£0.82

MicroSalt

7D

-8.8%

1Y

n/a

HOTC

UK£3.74

Hotel Chocolat Group

7D

0.3%

1Y

76.0%

MHPC

US$3.38

MHP

7D

0.6%

1Y

2.1%

HFG

UK£8.33

Hilton Food Group

7D

-1.8%

1Y

19.7%

CAM

UK£45.90

Camellia

7D

3.1%

1Y

-5.9%