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Nigerian (NSE) Food Industry Analysis

UpdatedJun 07, 2025
DataAggregated Company Financials
Companies13
  • 7D0.01%
  • 3M8.4%
  • 1Y28.5%
  • YTD15.9%

In the last week, Food has been flat. As for the the longer term, the industry is up 29% over the past 12 months. Earnings are forecast to grow by 52% annually.

Industry Valuation and Performance

Has the Nigerian Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Jun 2025₦10.5t₦3.7t₦376.9b12.8x27.9x2.8x
Mon, 05 May 2025₦9.8t₦3.7t₦372.4b10.7x26.2x2.6x
Wed, 02 Apr 2025₦9.6t₦3.3t₦257.9b12.5x37.3x2.9x
Fri, 28 Feb 2025₦9.2t₦2.6t₦446.8b11.9x20.6x3.6x
Sun, 26 Jan 2025₦8.7t₦2.2t₦322.6b11.9x27.1x4x
Tue, 24 Dec 2024₦8.6t₦5.2t₦351.1b10.5x24.4x1.6x
Thu, 21 Nov 2024₦8.5t₦5.2t₦351.0b9.4x24.1x1.6x
Sat, 19 Oct 2024₦8.4t₦4.5t₦269.7b13.1x31.1x1.9x
Mon, 16 Sep 2024₦8.4t₦4.5t₦269.7b12.1x31.3x1.9x
Wed, 14 Aug 2024₦8.0t₦4.5t₦270.9b10x29.6x1.8x
Fri, 12 Jul 2024₦7.9t₦4.0t₦189.0b10.9x41.6x2x
Sun, 09 Jun 2024₦7.8t₦4.0t₦200.8b16.3x38.6x2x
Tue, 07 May 2024₦7.7t₦3.7t₦206.3b9.4x37.5x2.1x
Thu, 04 Apr 2024₦8.3t₦3.7t₦132.1b11x63x2.2x
Sat, 02 Mar 2024₦8.4t₦3.7t₦207.4b15.1x40.5x2.3x
Mon, 29 Jan 2024₦6.9t₦3.4t₦203.8b15.2x33.9x2x
Wed, 27 Dec 2023₦5.1t₦3.4t₦203.6b12.5x25x1.5x
Fri, 24 Nov 2023₦5.2t₦3.4t₦203.6b11.6x25.4x1.5x
Sun, 22 Oct 2023₦5.2t₦3.2t₦215.2b15.5x24x1.6x
Tue, 19 Sep 2023₦4.8t₦3.2t₦215.2b16.1x22.4x1.5x
Thu, 17 Aug 2023₦3.7t₦3.0t₦209.3b13.6x17.6x1.2x
Sat, 15 Jul 2023₦4.5t₦3.4t₦266.0b12.9x16.9x1.3x
Mon, 12 Jun 2023₦4.2t₦3.4t₦266.0b12.1x15.9x1.3x
Wed, 10 May 2023₦3.7t₦3.4t₦266.0b10x13.8x1.1x
Fri, 07 Apr 2023₦3.5t₦3.2t₦237.6b10.6x14.6x1.1x
Sun, 05 Mar 2023₦3.4t₦3.3t₦247.5b10.3x13.6x1x
Tue, 31 Jan 2023₦3.0t₦3.0t₦216.0b10x13.7x1x
Thu, 29 Dec 2022₦2.7t₦3.0t₦216.7b10.6x12.3x0.9x
Sat, 26 Nov 2022₦2.6t₦3.0t₦213.9b11.3x12.1x0.9x
Mon, 24 Oct 2022₦2.7t₦2.8t₦218.7b7.6x12.5x1x
Wed, 21 Sep 2022₦2.9t₦2.9t₦221.8b9.5x13x1x
Fri, 19 Aug 2022₦2.9t₦2.9t₦221.0b9.5x13x1x
Sun, 17 Jul 2022₦2.9t₦2.6t₦206.8b14.4x13.8x1.1x
Tue, 14 Jun 2022₦3.0t₦2.5t₦207.9b15.9x14.5x1.2x
Price to Earnings Ratio

14.5x


Total Market Cap: ₦3.0tTotal Earnings: ₦207.9bTotal Revenue: ₦2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Food Industry Price to Earnings3Y Average 25.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the Nigerian Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 25.9x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Nigerian Consumer Staples industry?

NG Market1.60%
Consumer Staples1.49%
Food0.011%
Packaged Foods and Meats0.051%
Agricultural Products-0.22%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 33.3x.
    • Analysts are expecting annual earnings growth of 52.3%, which is lower than the prior year's growth of 65.0% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.6x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 52% 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 grow by 52% 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
DANGSUGAR Dangote Sugar Refinery₦39.002.5%
+₦11.5b		-17.0%PS0.6x
UACN UAC of Nigeria₦33.000.6%
+₦585.2m		148.1%PE7.9x
ELLAHLAKES Ellah Lakes₦3.404.6%
+₦578.7m		13.3%PS148.5x
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NNFM

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₦33.00

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NASCON

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