Does High Quality Food (BIT:HQF) Have A Healthy Balance Sheet?
Oct 31
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Italian (Borsa Italiana) Food Industry Analysis
UpdatedNov 18, 2024
DataAggregated Company Financials
Companies6
- 7D0.5%
- 3M-2.3%
- 1Y21.5%
- YTD17.2%
Over the last 7 days, the Food industry has remained flat, although notably Misitano & Stracuzzi declined by 3.8%. As for the the longer term, the industry is up 21% over the past 12 months. Looking forward, earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Mon, 18 Nov 2024 | €1.9b | €3.1b | €200.2m | 12.1x | 9.4x | 0.6x |
| Wed, 16 Oct 2024 | €1.8b | €2.6b | €37.1m | 13.6x | 47.2x | 0.7x |
| Fri, 13 Sep 2024 | €1.8b | €2.6b | €26.5m | 14.3x | 66.6x | 0.7x |
| Sun, 11 Aug 2024 | €1.8b | €2.6b | €25.3m | 14.4x | 70.1x | 0.7x |
| Tue, 09 Jul 2024 | €1.8b | €2.5b | €18.1m | 42.5x | 99.3x | 0.7x |
| Thu, 06 Jun 2024 | €1.5b | €2.6b | €26.0m | 13.5x | 58.3x | 0.6x |
| Sat, 04 May 2024 | €1.4b | €2.6b | €26.4m | 15.7x | 52.3x | 0.5x |
| Mon, 01 Apr 2024 | €1.4b | €2.6b | €33.1m | 15.9x | 41x | 0.5x |
| Wed, 28 Feb 2024 | €1.4b | €2.6b | €39.7m | 13.7x | 35.6x | 0.5x |
| Fri, 26 Jan 2024 | €1.5b | €2.6b | €39.7m | 15.6x | 38.2x | 0.6x |
| Sun, 24 Dec 2023 | €1.5b | €2.6b | €39.7m | 14.7x | 38.4x | 0.6x |
| Tue, 21 Nov 2023 | €1.1b | €2.6b | €39.7m | 13.1x | 28.8x | 0.4x |
| Thu, 19 Oct 2023 | €1.0b | €2.6b | €31.7m | 22.9x | 33x | 0.4x |
| Sat, 16 Sep 2023 | €1.1b | €2.3b | €28.8m | 25x | 37.7x | 0.5x |
| Mon, 14 Aug 2023 | €1.1b | €2.3b | €23.4m | 80x | 45.8x | 0.5x |
| Wed, 12 Jul 2023 | €1.1b | €2.3b | €23.4m | 82.4x | 47.3x | 0.5x |
| Fri, 09 Jun 2023 | €1.1b | €2.3b | €23.4m | 81.7x | 46.5x | 0.5x |
| Sun, 07 May 2023 | €1.1b | €2.2b | €19.3m | 87.2x | 54.9x | 0.5x |
| Tue, 04 Apr 2023 | €1.1b | €1.8b | €8.9m | 22.6x | 120.7x | 0.6x |
| Thu, 02 Mar 2023 | €1.0b | €1.8b | €500.8k | 16.4x | 2085.5x | 0.6x |
| Sat, 28 Jan 2023 | €1.1b | €1.8b | €500.8k | 16.4x | 2146.6x | 0.6x |
| Mon, 26 Dec 2022 | €1.0b | €1.8b | €500.8k | 16.3x | 2075.3x | 0.6x |
| Wed, 23 Nov 2022 | €1.1b | €1.8b | €499.3k | 16.5x | 2123.9x | 0.6x |
| Fri, 21 Oct 2022 | €1.0b | €1.7b | €4.8m | 63.1x | 207.8x | 0.6x |
| Sun, 18 Sep 2022 | €1.0b | €1.3b | €5.3m | 77.1x | 194.1x | 0.8x |
| Tue, 16 Aug 2022 | €1.1b | €1.3b | €13.3m | 19.5x | 80.3x | 0.8x |
| Thu, 14 Jul 2022 | €1.1b | €1.3b | €13.3m | 18.9x | 79.7x | 0.8x |
| Sat, 11 Jun 2022 | €1.6b | €2.2b | €67.3m | 17.3x | 23.3x | 0.7x |
| Mon, 09 May 2022 | €1.6b | €2.1b | €61.3m | 17x | 25.6x | 0.7x |
| Wed, 06 Apr 2022 | €1.6b | €1.9b | €62.0m | 20.7x | 25.4x | 0.8x |
| Fri, 04 Mar 2022 | €1.6b | €1.8b | €91.2m | 16.5x | 17.8x | 0.9x |
| Sun, 30 Jan 2022 | €1.7b | €1.8b | €91.3m | 18.2x | 18.2x | 0.9x |
| Tue, 28 Dec 2021 | €1.6b | €1.8b | €91.3m | 17.9x | 17.6x | 0.9x |
| Thu, 25 Nov 2021 | €1.6b | €1.8b | €91.3m | 16.8x | 17.4x | 0.9x |
Price to Earnings Ratio
17.4x
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 9.4x which is lower than its 3-year average PE of 287x.
- The industry is trading close to its 3-year average PS ratio of 0.63x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 19% 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 Italian Consumer Staples industry?
| IT Market | 0.86% | |
| Consumer Staples | -3.21% | |
| Food | 0.52% | |
| Packaged Foods and Meats | 1.63% | |
| Agricultural Products | -0.24% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 250x.
- Analysts expect its future annual earnings growth (43.2%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 45.3x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 43% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings decline by 32% 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 | €4.23 | 1.7% +€18.3m | 10.2% | PE97.2x | |
| NWL Newlat Food | €11.64 | 2.6% +€13.2m | 75.8% | PE3.1x |
