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Nigerian (NSE) Food Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies12
  • 7D0.6%
  • 3M1.1%
  • 1Y93.9%
  • YTD97.8%

Over the last 7 days, the Food industry has remained flat, although notably UAC of Nigeria gained 26%. As for the the longer term, the industry is up 94% over the past 12 months. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024₦8.5t₦5.2t₦351.1b10.7x24.2x1.6x
Tue, 19 Nov 2024₦8.4t₦5.2t₦351.0b9.7x24.1x1.6x
Thu, 17 Oct 2024₦8.4t₦4.5t₦269.7b13.1x31.1x1.9x
Sat, 14 Sep 2024₦8.4t₦4.5t₦269.7b12.1x31.3x1.9x
Mon, 12 Aug 2024₦8.0t₦4.5t₦270.9b10.2x29.5x1.8x
Wed, 10 Jul 2024₦7.9t₦4.0t₦189.0b10.9x41.6x2x
Fri, 07 Jun 2024₦7.8t₦4.0t₦200.8b15.5x38.6x2x
Sun, 05 May 2024₦8.3t₦4.1t₦50.8b8.7x162.9x2x
Tue, 02 Apr 2024₦8.3t₦3.7t₦131.6b11x63.2x2.2x
Thu, 29 Feb 2024₦8.3t₦3.7t₦207.4b14.8x40.2x2.2x
Sat, 27 Jan 2024₦6.9t₦3.4t₦203.8b15.2x33.9x2x
Mon, 25 Dec 2023₦5.1t₦3.4t₦203.6b12.5x25x1.5x
Wed, 22 Nov 2023₦5.2t₦3.4t₦203.6b11.6x25.5x1.5x
Fri, 20 Oct 2023₦5.2t₦3.2t₦215.2b15.5x24.2x1.6x
Sun, 17 Sep 2023₦4.8t₦3.2t₦215.2b16.1x22.4x1.5x
Tue, 15 Aug 2023₦3.6t₦3.0t₦261.4b10.9x13.7x1.2x
Thu, 13 Jul 2023₦4.5t₦3.4t₦266.0b12.7x16.9x1.3x
Sat, 10 Jun 2023₦4.2t₦3.4t₦266.0b12.1x15.9x1.3x
Mon, 08 May 2023₦3.7t₦3.4t₦266.0b10x13.8x1.1x
Wed, 05 Apr 2023₦3.5t₦3.3t₦247.5b10.8x14x1.1x
Fri, 03 Mar 2023₦3.3t₦3.2t₦221.5b11x15.1x1x
Sun, 29 Jan 2023₦3.0t₦3.0t₦216.0b10x13.7x1x
Tue, 27 Dec 2022₦2.6t₦3.0t₦216.7b10.6x12.2x0.9x
Thu, 24 Nov 2022₦2.7t₦3.0t₦213.9b11.3x12.6x0.9x
Sat, 22 Oct 2022₦2.7t₦2.8t₦218.7b7.6x12.5x1x
Mon, 19 Sep 2022₦2.9t₦2.9t₦221.8b9.5x13x1x
Wed, 17 Aug 2022₦2.9t₦2.8t₦223.6b9.6x13x1x
Fri, 15 Jul 2022₦2.9t₦2.6t₦206.8b14.3x13.9x1.1x
Sun, 12 Jun 2022₦3.0t₦2.5t₦210.9b15.3x14.3x1.2x
Tue, 10 May 2022₦3.0t₦2.5t₦209.5b16.1x14.3x1.2x
Thu, 07 Apr 2022₦2.9t₦2.4t₦203.4b10.6x14.2x1.2x
Sat, 05 Mar 2022₦2.9t₦2.4t₦204.4b11.2x14.3x1.2x
Mon, 31 Jan 2022₦3.0t₦2.3t₦207.1b13.7x14.4x1.3x
Wed, 29 Dec 2021₦1.8t₦1.9t₦121.8b11.1x14.7x0.9x
Price to Earnings Ratio

14.7x


Total Market Cap: ₦1.8tTotal Earnings: ₦121.8bTotal Revenue: ₦1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Food Industry Price to Earnings3Y Average 23.6x202220232024
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 23.6x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 42% per year over the last three years.
  • Revenues for these companies have grown 40% 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 Market2.47%
Consumer Staples2.19%
Food0.56%
Agricultural Products2.20%
Packaged Foods and Meats0.39%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 28.6x.
    • Analysts are expecting annual earnings growth of 5.4%, which is lower than the prior year's growth of 135.3% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading close to its 3-year average of 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 40% over the next 5 years.
  • However this is lower than its past earnings growth rate of 122% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 5.4% 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
UACN UAC of Nigeria₦30.2526.3%
+₦18.4b		101.7%PE6.1x
PRESCO Presco₦465.003.3%
+₦15.0b		140.9%PE7.6x
NESTLE Nestlé Nigeria₦875.001.7%
+₦11.9b		-22.6%PS0.9x
HONYFLOUR Honeywell Flour Mills₦6.0531.5%
+₦11.5b		85.0%PS0.2x
LIVESTOCK Livestock Feeds₦4.1030.2%
+₦2.8b		137.0%PE10.7x
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UACN

₦30.25

UAC of Nigeria

7D

26.3%

1Y

101.7%

LIVESTOCK

₦4.10

Livestock Feeds

7D

30.2%

1Y

137.0%

PRESCO

₦465.00

Presco

7D

3.3%

1Y

140.9%

NESTLE

₦875.00

Nestlé Nigeria

7D

1.7%

1Y

-22.6%

DANGSUGAR

₦32.50

Dangote Sugar Refinery

7D

-7.1%

1Y

-43.4%

HONYFLOUR

₦6.05

Honeywell Flour Mills

7D

31.5%

1Y

85.0%

ELLAHLAKES

₦3.01

Ellah Lakes

7D

-3.8%

1Y

3.8%

MCNICHOLS

₦1.54

McNichols

7D

10.0%

1Y

136.9%

FTNCOCOA

₦1.85

FTN Cocoa Processors

7D

6.9%

1Y

19.4%