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Nigerian (NSE) Consumer Staples Sector Analysis
UpdatedFeb 18, 2025
DataAggregated Company Financials
Companies17
- 7D-6.1%
- 3M7.0%
- 1Y17.6%
- YTD-1.9%
Over the last 7 days, the Consumer Staples industry has dropped 5.5%, driven by a pullback from BUA Foods of 10.0%. Meanwhile, International Breweries actually outperformed within the industry, gaining 5.6% in the last week. Over the past 12 months, the industry was up 18%. As for the next few years, earnings are expected to grow by 44% 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 |
|---|---|---|---|---|---|---|
| Tue, 18 Feb 2025 | ₦9.6t | ₦3.2t | ₦312.7b | 11.4x | 30.8x | 3.1x |
| Thu, 16 Jan 2025 | ₦9.9t | ₦2.8t | ₦188.5b | 12.7x | 52.4x | 3.6x |
| Sat, 14 Dec 2024 | ₦9.4t | ₦5.8t | ₦217.1b | 8.2x | 43.2x | 1.6x |
| Mon, 11 Nov 2024 | ₦9.2t | ₦5.8t | ₦216.9b | 9.2x | 42.6x | 1.6x |
| Wed, 09 Oct 2024 | ₦76.0t | ₦5.0t | ₦143.6b | 11.2x | 529.7x | 15.3x |
| Fri, 06 Sep 2024 | ₦89.3t | ₦5.0t | ₦143.4b | 9x | 622.6x | 17.9x |
| Sun, 04 Aug 2024 | ₦8.2t | ₦5.0t | ₦136.2b | 9x | 60.2x | 1.6x |
| Tue, 02 Jul 2024 | ₦8.0t | ₦4.1t | ₦217.2b | 10.9x | 36.9x | 2x |
| Thu, 30 May 2024 | ₦7.8t | ₦3.8t | ₦235.8b | 8.9x | 33.3x | 2.1x |
| Sat, 27 Apr 2024 | ₦8.7t | ₦4.7t | -₦26,447,331,200.00 | 10.7x | -330.5x | 1.8x |
| Mon, 25 Mar 2024 | ₦9.1t | ₦5.0t | -₦50,047,613,436.00 | 11x | -181.2x | 1.8x |
| Wed, 21 Feb 2024 | ₦8.8t | ₦4.9t | ₦73.3b | 15.4x | 120.5x | 1.8x |
| Fri, 19 Jan 2024 | ₦7.3t | ₦4.7t | ₦61.8b | 16.4x | 118.1x | 1.6x |
| Sun, 17 Dec 2023 | ₦5.9t | ₦4.7t | ₦61.8b | 12.6x | 96.1x | 1.3x |
| Tue, 14 Nov 2023 | ₦6.0t | ₦4.7t | ₦61.8b | 12x | 97.7x | 1.3x |
| Thu, 12 Oct 2023 | ₦6.0t | ₦4.4t | ₦116.9b | 15.4x | 51.5x | 1.4x |
| Sat, 09 Sep 2023 | ₦5.8t | ₦4.4t | ₦116.9b | 15.7x | 49.2x | 1.3x |
| Mon, 07 Aug 2023 | ₦4.5t | ₦4.2t | ₦163.2b | 13.1x | 27.6x | 1.1x |
| Wed, 05 Jul 2023 | ₦5.5t | ₦4.6t | ₦256.1b | 13.3x | 21.3x | 1.2x |
| Fri, 02 Jun 2023 | ₦5.1t | ₦4.6t | ₦253.4b | 12.6x | 20.2x | 1.1x |
| Sun, 30 Apr 2023 | ₦4.5t | ₦4.6t | ₦283.3b | 12.6x | 15.7x | 1x |
| Tue, 28 Mar 2023 | ₦4.3t | ₦4.5t | ₦282.7b | 13.4x | 15x | 1x |
| Thu, 23 Feb 2023 | ₦3.8t | ₦4.3t | ₦260.3b | 12.7x | 14.6x | 0.9x |
| Sat, 21 Jan 2023 | ₦3.9t | ₦4.2t | ₦254.8b | 10.6x | 15.2x | 0.9x |
| Mon, 19 Dec 2022 | ₦3.4t | ₦4.2t | ₦247.8b | 11.3x | 13.8x | 0.8x |
| Wed, 16 Nov 2022 | ₦3.4t | ₦4.2t | ₦250.4b | 11.2x | 13.4x | 0.8x |
| Fri, 14 Oct 2022 | ₦3.6t | ₦3.9t | ₦263.0b | 11.6x | 13.5x | 0.9x |
| Sun, 11 Sep 2022 | ₦3.8t | ₦4.0t | ₦266.1b | 10.9x | 14.1x | 0.9x |
| Tue, 09 Aug 2022 | ₦3.7t | ₦3.9t | ₦267.8b | 11.3x | 13.8x | 1x |
| Thu, 07 Jul 2022 | ₦3.8t | ₦3.6t | ₦236.2b | 15.6x | 16.2x | 1.1x |
| Sat, 04 Jun 2022 | ₦4.1t | ₦3.6t | ₦236.9b | 14.6x | 17.3x | 1.1x |
| Mon, 02 May 2022 | ₦3.9t | ₦3.5t | ₦228.6b | 14.9x | 17.1x | 1.1x |
| Wed, 30 Mar 2022 | ₦3.7t | ₦3.4t | ₦212.4b | 14.4x | 17.3x | 1.1x |
| Fri, 25 Feb 2022 | ₦3.7t | ₦3.3t | ₦217.2b | 13.8x | 17.3x | 1.1x |
Price to Earnings Ratio
17.3x
Current Industry PE
- Investors are pessimistic on the Nigerian Consumer Staples 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 30.8x which is lower than its 3-year average PE of 65.2x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Consumer Staples industry have grown 13% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Nigerian Consumer Staples sector?
| NG Market | 2.39% | |
| Consumer Staples | -6.09% | |
| Beverage | 5.28% | |
| Household Products | 4.29% | |
| Food and Staples Retail | 0% | 0 |
| Tobacco | 0% | 0 |
| Personal Products | 0% | 0 |
| Food | -7.53% | |
Industry PE
- Investors are most optimistic about the Food industry even though it's trading below its 3-year average PE ratio of 24.0x.
- Analysts are expecting annual earnings growth of 31.9%, which is lower than the prior year's growth of 159.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Beverage industry, expecting annual earnings growth of 64% over the next 5 years.
- However this is lower than its past earnings growth rate of 568% per year.
- In contrast, the Household Products industry is expected to see its earnings grow by 7.0% 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 | |
|---|---|---|---|---|---|
| NB Nigerian Breweries | ₦36.30 | 6.8% +₦71.3b | 5.1% | PS1.2x | |
| INTBREW International Breweries | ₦5.70 | 5.6% +₦50.5b | 12.2% | PS2.3x | |
| PRESCO Presco | ₦785.00 | 4.7% +₦35.0b | 221.7% | PE8x | |
| HONYFLOUR Honeywell Flour Mills | ₦13.50 | 28.9% +₦24.0b | 237.5% | PE13.6x | |
| DANGSUGAR Dangote Sugar Refinery | ₦36.55 | 2.5% +₦10.9b | -45.8% | PS0.7x |