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Irish (ISEQ) Food Industry Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies4
- 7D-2.0%
- 3M2.5%
- 1Y-8.2%
- YTD6.6%
Last week, the Food industry hasn't moved much but Glanbia is up 4.2% in that time. Unfortunately though, the industry is down 6.9% over the past 12 months. Earnings are forecast to grow by 6.4% annually.
Industry Valuation and Performance
Has the Irish Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | €18.9b | €15.2b | €1.1b | 16.8x | 17.3x | 1.2x |
| Sun, 07 Apr 2024 | €18.5b | €15.2b | €1.1b | 16.5x | 16.9x | 1.2x |
| Tue, 05 Mar 2024 | €18.9b | €15.5b | €1.1b | 16.8x | 17.2x | 1.2x |
| Thu, 01 Feb 2024 | €19.2b | €16.7b | €1.0b | 18.5x | 18.5x | 1.2x |
| Sat, 30 Dec 2023 | €18.2b | €16.6b | €1.0b | 17.4x | 17.6x | 1.1x |
| Mon, 27 Nov 2023 | €17.6b | €16.7b | €1.0b | 17.1x | 17x | 1.1x |
| Wed, 25 Oct 2023 | €17.2b | €16.8b | €1.0b | 16.4x | 16.4x | 1x |
| Fri, 22 Sep 2023 | €19.2b | €17.0b | €1.1b | 18.2x | 17.9x | 1.1x |
| Sun, 20 Aug 2023 | €19.3b | €16.8b | €1.1b | 18x | 18x | 1.1x |
| Tue, 18 Jul 2023 | €19.6b | €17.1b | €887.1m | 21.8x | 22.1x | 1.1x |
| Thu, 15 Jun 2023 | €20.0b | €17.1b | €886.1m | 18.1x | 22.6x | 1.2x |
| Sat, 13 May 2023 | €21.0b | €17.1b | €886.1m | 19.1x | 23.7x | 1.2x |
| Mon, 10 Apr 2023 | €20.7b | €17.1b | €886.1m | 18.2x | 23.4x | 1.2x |
| Wed, 08 Mar 2023 | €20.1b | €16.8b | €886.5m | 17.5x | 22.7x | 1.2x |
| Fri, 03 Feb 2023 | €19.2b | €15.2b | €1.0b | 15.5x | 18.4x | 1.3x |
| Sun, 01 Jan 2023 | €18.7b | €15.2b | €1.0b | 16.3x | 17.9x | 1.2x |
| Tue, 29 Nov 2022 | €20.0b | €15.2b | €1.0b | 18.7x | 19.2x | 1.3x |
| Thu, 27 Oct 2022 | €19.9b | €15.2b | €1.0b | 18.4x | 19.1x | 1.3x |
| Sat, 24 Sep 2022 | €20.3b | €14.8b | €1.0b | 19x | 20x | 1.4x |
| Mon, 22 Aug 2022 | €3.9b | €7.0b | €248.2m | 17.4x | 15.9x | 0.6x |
| Wed, 20 Jul 2022 | €3.5b | €6.2b | €189.7m | 21.5x | 18.6x | 0.6x |
| Fri, 17 Jun 2022 | €3.5b | €6.2b | €189.7m | 20.6x | 18.2x | 0.6x |
| Sun, 15 May 2022 | €21.8b | €13.5b | €952.7m | 23.6x | 22.9x | 1.6x |
| Tue, 12 Apr 2022 | €21.6b | €13.5b | €953.8m | 22.1x | 22.7x | 1.6x |
| Thu, 10 Mar 2022 | €20.3b | €13.5b | €953.8m | 21.5x | 21.3x | 1.5x |
| Sat, 05 Feb 2022 | €23.2b | €12.8b | €777.6m | 24.3x | 29.8x | 1.8x |
| Mon, 03 Jan 2022 | €24.0b | €12.8b | €777.6m | 24.8x | 30.9x | 1.9x |
| Wed, 01 Dec 2021 | €23.0b | €12.9b | €779.0m | 17.2x | 29.5x | 1.8x |
| Fri, 29 Oct 2021 | €25.2b | €12.9b | €779.0m | 18.2x | 32.4x | 2x |
| Sun, 26 Sep 2021 | €25.9b | €12.7b | €764.2m | 20.8x | 33.9x | 2x |
| Tue, 24 Aug 2021 | €26.8b | €12.7b | €764.2m | 21.4x | 35x | 2.1x |
| Wed, 30 Jun 2021 | €25.3b | €12.6b | €751.2m | 21.5x | 33.6x | 2x |
Price to Earnings Ratio
32.3x
Current Industry PE
- Investors are pessimistic on the Irish 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 17.4x which is lower than its 3-year average PE of 22.7x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 6.6% 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 Irish Consumer Staples industry?
| IE Market | -1.25% | |
| Consumer Staples | -1.96% | |
| Food | -1.96% | |
| Agricultural Products | -1.39% | |
| Packaged Foods and Meats | -1.97% | |
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 23.7x.
- Analysts are expecting annual earnings growth of 6.3%, which is lower than the prior year's growth of 42.4% per year.
- Investors are most pessimistic about the Agricultural Products industry, which is trading close to its 3-year average of 9.3x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings decline of 2.4% 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.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GL9 Glanbia | €18.20 | 3.0% +€136.6m | 27.8% | PE14.7x |