Newlat Food's (BIT:NWL) Earnings Are Weaker Than They Seem
Apr 06
Italian (Borsa Italiana) Food Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies5
- 7D1.3%
- 3M-12.2%
- 1Y-3.9%
- YTD-10.6%
In the last week, the Food industry is up 1.3%, with B.F up 1.4%. However, the industry is down 3.9% over the past year. Earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Italian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | €1.3b | €2.6b | €33.1m | 15x | 40.4x | 0.5x |
| Thu, 21 Mar 2024 | €1.4b | €2.6b | €39.7m | 13.2x | 34.3x | 0.5x |
| Sat, 17 Feb 2024 | €1.5b | €2.6b | €39.7m | 15x | 37x | 0.6x |
| Mon, 15 Jan 2024 | €1.5b | €2.6b | €39.7m | 15.2x | 38.3x | 0.6x |
| Wed, 13 Dec 2023 | €1.2b | €2.6b | €39.7m | 13.5x | 29.9x | 0.5x |
| Fri, 10 Nov 2023 | €1.1b | €2.6b | €31.7m | 23.1x | 34.4x | 0.4x |
| Sun, 08 Oct 2023 | €1.1b | €2.6b | €31.7m | 23x | 33.1x | 0.4x |
| Tue, 05 Sep 2023 | €1.0b | €2.3b | €23.4m | 77.4x | 44.7x | 0.5x |
| Thu, 03 Aug 2023 | €1.1b | €2.3b | €23.4m | 81.6x | 46.6x | 0.5x |
| Sat, 01 Jul 2023 | €1.1b | €2.3b | €23.4m | 83.1x | 47.1x | 0.5x |
| Mon, 29 May 2023 | €1.1b | €2.3b | €23.4m | 81.5x | 45.8x | 0.5x |
| Wed, 26 Apr 2023 | €1.1b | €1.9b | €13.4m | 34.4x | 80.9x | 0.6x |
| Fri, 24 Mar 2023 | €1.1b | €1.8b | €7.3m | 24.9x | 146.8x | 0.6x |
| Sun, 19 Feb 2023 | €1.1b | €1.8b | €500.8k | 16.3x | 2126.7x | 0.6x |
| Tue, 17 Jan 2023 | €1.1b | €1.8b | €500.8k | 16.4x | 2114.3x | 0.6x |
| Thu, 15 Dec 2022 | €1.0b | €1.8b | €500.8k | 16.5x | 2087.9x | 0.6x |
| Sat, 12 Nov 2022 | €1.1b | €1.7b | €4.8m | 64.6x | 221.2x | 0.6x |
| Mon, 10 Oct 2022 | €1.0b | €1.7b | €4.8m | 65.9x | 210.2x | 0.6x |
| Wed, 07 Sep 2022 | €1.1b | €1.3b | €13.3m | 18.9x | 79.3x | 0.8x |
| Fri, 05 Aug 2022 | €1.1b | €1.3b | €13.3m | 19.5x | 79.9x | 0.8x |
| Sun, 03 Jul 2022 | €1.6b | €2.2b | €67.3m | 16.5x | 23.3x | 0.7x |
| Tue, 31 May 2022 | €1.6b | €2.2b | €67.3m | 18x | 23.1x | 0.7x |
| Thu, 28 Apr 2022 | €1.6b | €2.1b | €61.3m | 16.8x | 25.5x | 0.7x |
| Sat, 26 Mar 2022 | €1.6b | €1.9b | €62.0m | 18.5x | 25.2x | 0.8x |
| Mon, 21 Feb 2022 | €1.6b | €1.8b | €91.3m | 18.1x | 17.9x | 0.9x |
| Wed, 19 Jan 2022 | €1.7b | €1.8b | €91.3m | 18.6x | 18.2x | 0.9x |
| Fri, 17 Dec 2021 | €1.6b | €1.8b | €91.3m | 17.1x | 17.2x | 0.9x |
| Sun, 14 Nov 2021 | €1.6b | €1.7b | €85.5m | 16.8x | 18.7x | 0.9x |
| Tue, 12 Oct 2021 | €1.6b | €1.7b | €85.5m | 16.2x | 18.7x | 0.9x |
| Thu, 09 Sep 2021 | €1.7b | €1.7b | €86.5m | 17.5x | 19.8x | 1x |
| Sat, 07 Aug 2021 | €1.7b | €1.8b | €103.7m | 11x | 16.4x | 1x |
| Fri, 30 Apr 2021 | €1.7b | €1.8b | €103.6m | 10.2x | 16.1x | 1x |
Price to Earnings Ratio
16.1x
Current Industry PE
- Investors are pessimistic on the Italian 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 40.4x which is lower than its 3-year average PE of 280x.
- The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 32% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% 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 Italian Consumer Staples industry?
| IT Market | -0.31% | |
| Consumer Staples | 3.80% | |
| Food | 1.28% | |
| Agricultural Products | 1.40% | |
| Packaged Foods and Meats | 1.00% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 308x.
- Analysts are expecting annual earnings growth of 39.5% and investors are willing to pay a premium for that growth.
- Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 42.8x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 39% over the next 5 years.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 9.8% 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 | |
|---|---|---|---|---|---|
| BFG B.F | €3.62 | 1.7% +€15.7m | -5.7% | PE119.1x | |
| NWL Newlat Food | €5.79 | 2.1% +€5.1m | 4.5% | PE17.1x |