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Nigerian (NSE) Consumer Staples Sector Analysis

UpdatedFeb 25, 2024
DataAggregated Company Financials
Companies21
  • 7D2.6%
  • 3M54.5%
  • 1Y194.6%
  • YTD59.1%

Over the last 7 days, the Consumer Staples industry has risen 2.2%, driven by gains from BUA Foods of 6.3%. During this same period, the Dangote Sugar Refinery underperformed, falling 6.6%. This means that the industry has gained 187% over the past year. Earnings are forecast to grow by 57% annually.

Sector Valuation and Performance

Has the Nigerian Consumer Staples Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Feb 2024₦9.2t₦4.9t₦25.8b14.7x356.3x1.9x
Tue, 23 Jan 2024₦7.3t₦4.7t₦67.8b14.9x107.7x1.6x
Thu, 21 Dec 2023₦5.9t₦4.7t₦61.8b12.6x95.6x1.3x
Sat, 18 Nov 2023₦6.1t₦4.7t₦61.8b12.2x98.1x1.3x
Mon, 16 Oct 2023₦6.1t₦4.4t₦116.9b15.7x51.9x1.4x
Wed, 13 Sep 2023₦5.6t₦4.4t₦116.9b15.9x47.9x1.3x
Fri, 11 Aug 2023₦4.5t₦4.2t₦163.2b11.8x27.3x1.1x
Sun, 09 Jul 2023₦5.5t₦4.6t₦256.1b13.6x21.4x1.2x
Tue, 06 Jun 2023₦5.1t₦4.6t₦253.4b12.9x20.2x1.1x
Thu, 04 May 2023₦4.5t₦4.5t₦278.9b12.6x16x1x
Sat, 01 Apr 2023₦4.3t₦4.5t₦282.8b12.9x15.2x1x
Mon, 27 Feb 2023₦4.0t₦4.4t₦254.3b12.9x15.9x0.9x
Wed, 25 Jan 2023₦3.8t₦4.2t₦261.1b11.4x14.6x0.9x
Fri, 23 Dec 2022₦3.5t₦4.2t₦252.0b11.3x13.7x0.8x
Sun, 20 Nov 2022₦3.4t₦4.2t₦250.4b10.8x13.5x0.8x
Tue, 18 Oct 2022₦3.5t₦3.9t₦263.0b11.6x13.5x0.9x
Thu, 15 Sep 2022₦3.8t₦4.0t₦266.1b10.9x14.1x0.9x
Sat, 13 Aug 2022₦3.8t₦3.9t₦267.8b11.4x14.2x1x
Mon, 11 Jul 2022₦3.8t₦3.7t₦235.1b15.7x16.4x1x
Wed, 08 Jun 2022₦4.1t₦3.6t₦239.2b16.7x17.1x1.1x
Fri, 06 May 2022₦4.1t₦3.5t₦232.9b16.4x17.6x1.2x
Sun, 03 Apr 2022₦3.6t₦3.4t₦217.0b14.2x16.8x1.1x
Tue, 01 Mar 2022₦3.8t₦3.3t₦206.4b14.5x18.2x1.1x
Thu, 27 Jan 2022₦3.7t₦3.1t₦201.9b14.5x18.3x1.2x
Sat, 25 Dec 2021₦2.5t₦2.8t₦116.6b13.9x21.6x0.9x
Mon, 22 Nov 2021₦2.5t₦2.8t₦115.6b13x22x0.9x
Wed, 20 Oct 2021₦2.5t₦2.6t₦114.3b13.4x21.9x1x
Fri, 17 Sep 2021₦2.5t₦2.6t₦114.1b13.3x21.5x0.9x
Sun, 15 Aug 2021₦2.6t₦2.6t₦114.9b13.3x23x1x
Thu, 10 Jun 2021₦2.5t₦2.4t₦93.1b13.4x26.8x1x
Wed, 03 Mar 2021₦2.5t₦2.2t₦73.3b13.5x33.9x1.1x
Price to Earnings Ratio

33.9x


Total Market Cap: ₦2.5tTotal Earnings: ₦73.3bTotal Revenue: ₦2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Consumer Staples Sector Price to Earnings3Y Average 31.6x202220232024
Current Industry PE
  • Investors are optimistic on the Nigerian Consumer Staples industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 341x which is higher than its 3-year average PE of 31.3x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have declined 29% per year over the last three years.
  • Meanwhile revenues for these companies have grown 30% 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-4.26%
Consumer Staples2.55%
Food3.66%
Food and Staples Retail0%
Tobacco0%
Personal Products0%
Household Products-9.09%
Beverage-9.14%
Industry PE
  • Investors are most optimistic about the Food industry which is trading above its 3-year average PE ratio of 16.3x.
    • Analysts are expecting annual earnings growth of 68.8%, which is higher than its past year's earnings growth of 26.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Food industry, expecting annual earnings growth of 69% over the next 5 years.
  • This is better than its past earnings growth rate of 26% per year.
  • In contrast, the Household Products 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?

CompanyLast Price7D1YValuation
BUAFOODS BUA Foods₦379.906.3%
+₦403.2b
341.7%PE61.3x
JULI Juli₦2.3459.2%
+₦173.9m
196.2%PS1.6x
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Latest News

JULI

₦2.34

Juli

7D

59.2%

1Y

196.2%

FLOURMILL

₦32.20

Flour Mills of Nigeria

7D

-8.3%

1Y

0.5%

BUAFOODS

₦379.90

BUA Foods

7D

6.3%

1Y

341.7%

UNILEVER

₦15.10

Unilever Nigeria

7D

-8.5%

1Y

11.9%

INTBREW

₦4.60

International Breweries

7D

-9.4%

1Y

0%

GUINNESS

₦51.00

Guinness Nigeria

7D

-6.4%

1Y

-24.4%

OKOMUOIL

₦243.00

Okomu Oil Palm

7D

-10.0%

1Y

34.1%

NB

₦34.00

Nigerian Breweries

7D

-10.5%

1Y

-18.1%

DANGSUGAR

₦65.00

Dangote Sugar Refinery

7D

-6.6%

1Y

277.9%

PZ

₦26.50

PZ Cussons Nigeria

7D

-12.4%

1Y

159.8%