Nigerian (NSE) Consumer Staples Sector Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies21
- 7D-1.9%
- 3M24.0%
- 1Y164.6%
- YTD53.5%
Over the last 7 days, the Consumer Staples industry has dropped 1.9%, driven by a pullback from Dangote Sugar Refinery of 19%. In contrast, Morison Industries has gained 45%. Over the past 12 months, the industry was up 165%. As for the next few years, earnings are expected to grow by 66% per annum.
Sector Valuation and Performance
Has the Nigerian Consumer Staples Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | ₦8.9t | ₦5.0t | -₦43,920,032,553.00 | 11.4x | -201.8x | 1.8x |
| Sat, 16 Mar 2024 | ₦9.1t | ₦5.0t | -₦50,047,613,436.00 | 11x | -181.3x | 1.8x |
| Mon, 12 Feb 2024 | ₦7.9t | ₦4.9t | ₦73.3b | 16.2x | 108.1x | 1.6x |
| Wed, 10 Jan 2024 | ₦6.1t | ₦4.7t | ₦61.8b | 14.7x | 98.8x | 1.3x |
| Fri, 08 Dec 2023 | ₦5.9t | ₦4.7t | ₦61.8b | 12.6x | 95.7x | 1.3x |
| Sun, 05 Nov 2023 | ₦6.0t | ₦4.7t | ₦66.3b | 12x | 91.1x | 1.3x |
| Tue, 03 Oct 2023 | ₦6.0t | ₦4.4t | ₦116.9b | 15.5x | 51.1x | 1.4x |
| Thu, 31 Aug 2023 | ₦5.6t | ₦4.4t | ₦103.9b | 15.2x | 53.7x | 1.3x |
| Sat, 29 Jul 2023 | ₦5.3t | ₦4.5t | ₦228.7b | 14.6x | 23.3x | 1.2x |
| Mon, 26 Jun 2023 | ₦5.4t | ₦4.6t | ₦253.4b | 12.8x | 21.2x | 1.2x |
| Wed, 24 May 2023 | ₦4.6t | ₦4.6t | ₦253.4b | 12.5x | 18.1x | 1x |
| Fri, 21 Apr 2023 | ₦4.3t | ₦4.5t | ₦262.3b | 14.1x | 16.3x | 1x |
| Sun, 19 Mar 2023 | ₦4.3t | ₦4.5t | ₦282.7b | 13.4x | 15.1x | 1x |
| Tue, 14 Feb 2023 | ₦3.8t | ₦4.3t | ₦260.4b | 12.6x | 14.6x | 0.9x |
| Thu, 12 Jan 2023 | ₦3.8t | ₦4.2t | ₦254.8b | 10.6x | 15x | 0.9x |
| Sat, 10 Dec 2022 | ₦3.4t | ₦4.2t | ₦247.8b | 11x | 13.8x | 0.8x |
| Mon, 07 Nov 2022 | ₦3.4t | ₦4.2t | ₦249.1b | 12.2x | 13.8x | 0.8x |
| Wed, 05 Oct 2022 | ₦3.6t | ₦3.9t | ₦263.0b | 11.6x | 13.7x | 0.9x |
| Fri, 02 Sep 2022 | ₦3.7t | ₦4.0t | ₦266.1b | 10.9x | 14x | 0.9x |
| Sun, 31 Jul 2022 | ₦3.6t | ₦3.8t | ₦239.3b | 12.7x | 15.1x | 1x |
| Tue, 28 Jun 2022 | ₦3.9t | ₦3.6t | ₦236.2b | 15.8x | 16.6x | 1.1x |
| Thu, 26 May 2022 | ₦4.2t | ₦3.6t | ₦239.2b | 15x | 17.6x | 1.2x |
| Sat, 23 Apr 2022 | ₦3.7t | ₦3.4t | ₦210.3b | 16x | 17.8x | 1.1x |
| Mon, 21 Mar 2022 | ₦3.7t | ₦3.4t | ₦209.9b | 14x | 17.7x | 1.1x |
| Wed, 16 Feb 2022 | ₦3.7t | ₦3.3t | ₦213.4b | 13.3x | 17.6x | 1.1x |
| Fri, 14 Jan 2022 | ₦3.7t | ₦2.8t | ₦116.7b | 12x | 31.8x | 1.3x |
| Sun, 12 Dec 2021 | ₦2.5t | ₦2.8t | ₦115.6b | 13.9x | 21.5x | 0.9x |
| Tue, 09 Nov 2021 | ₦2.6t | ₦2.8t | ₦115.6b | 13.4x | 22.3x | 0.9x |
| Thu, 07 Oct 2021 | ₦2.5t | ₦2.6t | ₦114.0b | 13.1x | 22.2x | 1x |
| Sat, 04 Sep 2021 | ₦2.5t | ₦2.6t | ₦114.9b | 13.3x | 21.3x | 0.9x |
| Mon, 02 Aug 2021 | ₦2.6t | ₦2.6t | ₦114.9b | 12.8x | 22.9x | 1x |
| Thu, 06 May 2021 | ₦2.5t | ₦2.4t | ₦88.7b | 14.6x | 27.9x | 1x |
Price to Earnings Ratio
27.9x
Current Industry PE
- Investors are optimistic on the Nigerian Consumer Staples industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- Total earnings for the Consumer Staples industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 27% 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 Nigerian Consumer Staples sector?
| NG Market | -3.85% | |
| Consumer Staples | -1.93% | |
| Beverage | 0.16% | |
| Food and Staples Retail | 0% | |
| Tobacco | 0% | |
| Personal Products | 0% | |
| Food | -2.00% | |
| Household Products | -7.71% | |
Industry PE
- Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 18.6x.
- Analysts are expecting annual earnings growth of 68.8%, which is higher than its past year's earnings growth of 27.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Beverage industry, expecting annual earnings growth of 78% over the next 5 years.
- This is better than its past earnings decline of 77% per year.
- In contrast, the Household Products industry is expected to see its earnings decline by 20% 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 | |
|---|---|---|---|---|---|
| MORISON Morison Industries | ₦3.39 | 45.5% +₦1.0b | 56.2% | PS23.1x | |
| GUINNESS Guinness Nigeria | ₦50.00 | 0.8% +₦876.2m | -28.6% | PS0.4x |