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Nigerian (NSE) Food Industry Analysis

UpdatedNov 27, 2022
DataAggregated Company Financials
Companies15
  • 7D-3.0%
  • 3M-8.2%
  • 1Y-18.6%
  • YTD-6.5%

Over the last 7 days, the Food industry has dropped 3.0%, driven by a pullback from Nestlé Nigeria of 21%. In contrast, BUA Foods has gained 11%. Overall the industry is down 19% in 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Nov 2022₦2.6t₦3.0t₦213.9b11.3x12.1x0.9x
Tue, 25 Oct 2022₦2.7t₦2.8t₦218.7b7.6x12.5x1x
Thu, 22 Sep 2022₦2.9t₦2.9t₦221.8b9.5x13x1x
Sat, 20 Aug 2022₦2.9t₦2.9t₦221.0b9.5x13x1x
Mon, 18 Jul 2022₦2.9t₦2.6t₦206.8b14.4x13.8x1.1x
Wed, 15 Jun 2022₦3.0t₦2.5t₦207.9b15.9x14.5x1.2x
Fri, 13 May 2022₦3.1t₦2.5t₦209.5b16.4x14.8x1.2x
Sun, 10 Apr 2022₦2.9t₦2.4t₦203.3b11.1x14.2x1.2x
Tue, 08 Mar 2022₦2.9t₦2.4t₦204.4b11x14.3x1.2x
Thu, 03 Feb 2022₦3.0t₦2.4t₦212.2b11.3x14.1x1.3x
Sat, 01 Jan 2022₦1.8t₦1.9t₦121.8b11.3x14.7x0.9x
Mon, 29 Nov 2021₦1.8t₦1.9t₦121.8b10.9x14.7x0.9x
Wed, 27 Oct 2021₦1.8t₦1.8t₦128.6b11.2x14x1x
Fri, 24 Sep 2021₦1.7t₦1.8t₦126.6b10.3x13.8x1x
Sun, 22 Aug 2021₦1.7t₦1.8t₦127.4b10.7x13.7x1x
Fri, 09 Jul 2021₦1.9t₦1.8t₦127.4b9.3x14.6x1x
Thu, 01 Apr 2021₦1.7t₦1.6t₦122.2b10.5x13.7x1x
Sun, 03 Jan 2021₦1.8t₦1.5t₦109.4b9.4x16.1x1.2x
Wed, 07 Oct 2020₦1.4t₦1.5t₦106.7b9.8x12.9x0.9x
Tue, 30 Jun 2020₦1.4t₦1.4t₦97.6b9.6x14.5x1x
Fri, 03 Apr 2020₦960.0b₦1.3t₦99.0b10.3x9.7x0.7x
Mon, 06 Jan 2020₦1.6t₦1.3t₦92.0b13.2x17.4x1.3x
Price to Earnings Ratio

15.6x


Total Market Cap: ₦1.5tTotal Earnings: ₦95.5bTotal Revenue: ₦1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Food Industry Price to Earnings3Y Average 14.4x202020212022
Current Industry PE
  • Investors are pessimistic on the Nigerien 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 12.1x which is lower than its 3-year average PE of 14.4x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.86x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 31% per year over the last three years.
  • Revenues for these companies have grown 35% 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 Market5.40%
Consumer Staples-0.16%
Food-2.96%
Packaged Foods and Meats-2.88%
Agricultural Products-3.61%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 15.3x.
    • Analysts are expecting annual earnings growth of 18.5%, which is higher than its past year's earnings growth of 4.1% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 9.7x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 4.1% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings decline by 3.0% 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₦63.4011.2%
+₦115.2b
n/aPE14.3x
DANGSUGAR Dangote Sugar Refinery₦16.252.5%
+₦4.9b
-1.2%PE6.3x
FLOURMILL Flour Mills of Nigeria₦28.102.9%
+₦3.3b
-4.7%PE4.8x
UACN UAC of Nigeria₦9.508.0%
+₦2.0b
-5.0%PE49.1x
HONYFLOUR Honeywell Flour Mills₦2.2811.2%
+₦1.8b
-42.4%PS0.1x
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Latest News

NESTLE

₦963.90

Nestlé Nigeria

7D

-20.7%

1Y

-30.9%

UACN

₦9.50

UAC of Nigeria

7D

8.0%

1Y

-5.0%

NASCON

₦10.00

Nascon Allied Industries

7D

5.3%

1Y

-29.3%

PRESCO

₦110.00

Presco

7D

-8.7%

1Y

23.7%

LIVESTOCK

₦1.06

Livestock Feeds

7D

9.3%

1Y

-48.5%

HONYFLOUR

₦2.28

Honeywell Flour Mills

7D

11.2%

1Y

-42.4%

DANGSUGAR

₦16.25

Dangote Sugar Refinery

7D

2.5%

1Y

-1.2%

CADBURY

₦11.15

Cadbury Nigeria

7D

8.8%

1Y

21.2%

BUAFOODS

₦63.40

BUA Foods

7D

11.2%

1Y

n/a

FLOURMILL

₦28.10

Flour Mills of Nigeria

7D

2.9%

1Y

-4.7%