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Nigerian (NSE) Food Industry Analysis
UpdatedNov 23, 2025
DataAggregated Company Financials
Companies13
- 7D-0.07%
- 3M12.2%
- 1Y92.6%
- YTD81.7%
In the last week, the Food industry is flat overall, with Dangote Sugar Refinery standing out by going down 3.6%. As for the the longer term, the industry is up 93% over the past 12 months. As for the next few years, earnings are expected to grow by 61% per annum.
Industry Valuation and Performance
Has the Nigerian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 24 Nov 2025 | ₦16.5t | ₦4.2t | ₦708.7b | 14.7x | 23.3x | 3.9x |
| Wed, 22 Oct 2025 | ₦15.8t | ₦4.1t | ₦575.5b | 13.5x | 27.5x | 3.9x |
| Fri, 19 Sep 2025 | ₦15.4t | ₦4.0t | ₦570.9b | 14.5x | 27x | 3.8x |
| Sun, 17 Aug 2025 | ₦14.6t | ₦4.0t | ₦570.5b | 14.5x | 25.6x | 3.6x |
| Tue, 15 Jul 2025 | ₦11.7t | ₦3.7t | ₦376.9b | 15.1x | 31.1x | 3.1x |
| Thu, 12 Jun 2025 | ₦10.9t | ₦3.7t | ₦376.9b | 12.8x | 29x | 2.9x |
| Sat, 10 May 2025 | ₦9.9t | ₦3.7t | ₦372.4b | 11.4x | 26.6x | 2.7x |
| Mon, 07 Apr 2025 | ₦9.6t | ₦3.3t | ₦248.6b | 11.4x | 38.5x | 2.9x |
| Wed, 05 Mar 2025 | ₦9.2t | ₦2.6t | ₦446.5b | 12.4x | 20.6x | 3.6x |
| Fri, 31 Jan 2025 | ₦8.8t | ₦2.2t | ₦323.2b | 9.5x | 27.3x | 4x |
| Sun, 29 Dec 2024 | ₦8.6t | ₦5.2t | ₦351.1b | 10.2x | 24.4x | 1.6x |
| Tue, 26 Nov 2024 | ₦8.4t | ₦5.2t | ₦351.0b | 9.7x | 24x | 1.6x |
| Thu, 24 Oct 2024 | ₦8.4t | ₦4.5t | ₦269.7b | 13.1x | 31.1x | 1.9x |
| Sat, 21 Sep 2024 | ₦8.4t | ₦4.5t | ₦269.7b | 11.2x | 31.2x | 1.9x |
| Mon, 19 Aug 2024 | ₦8.0t | ₦4.5t | ₦270.9b | 10x | 29.6x | 1.8x |
| Wed, 17 Jul 2024 | ₦7.9t | ₦4.0t | ₦189.0b | 10.9x | 41.8x | 2x |
| Fri, 14 Jun 2024 | ₦7.8t | ₦4.0t | ₦200.8b | 16.3x | 38.8x | 2x |
| Sun, 12 May 2024 | ₦7.8t | ₦3.7t | ₦206.3b | 9.5x | 37.6x | 2.1x |
| Tue, 09 Apr 2024 | ₦8.4t | ₦3.7t | ₦131.6b | 11.4x | 63.8x | 2.3x |
| Thu, 07 Mar 2024 | ₦8.2t | ₦3.7t | ₦131.4b | 11x | 62.4x | 2.2x |
| Sat, 03 Feb 2024 | ₦7.1t | ₦3.7t | ₦207.4b | 17.9x | 34.1x | 1.9x |
| Mon, 01 Jan 2024 | ₦5.0t | ₦3.4t | ₦203.6b | 12.3x | 24.4x | 1.5x |
| Wed, 29 Nov 2023 | ₦5.1t | ₦3.4t | ₦203.6b | 11.5x | 25.1x | 1.5x |
| Fri, 27 Oct 2023 | ₦5.2t | ₦3.2t | ₦215.2b | 15.5x | 24x | 1.6x |
| Sun, 24 Sep 2023 | ₦5.0t | ₦3.2t | ₦215.2b | 16.1x | 23.3x | 1.6x |
| Tue, 22 Aug 2023 | ₦3.7t | ₦3.0t | ₦209.3b | 13.6x | 17.6x | 1.2x |
| Thu, 20 Jul 2023 | ₦4.5t | ₦3.4t | ₦266.0b | 12.3x | 16.8x | 1.3x |
| Sat, 17 Jun 2023 | ₦4.4t | ₦3.4t | ₦266.0b | 13.4x | 16.6x | 1.3x |
| Mon, 15 May 2023 | ₦3.7t | ₦3.4t | ₦266.0b | 10x | 14x | 1.1x |
| Wed, 12 Apr 2023 | ₦3.5t | ₦3.3t | ₦247.1b | 11.1x | 14x | 1.1x |
| Fri, 10 Mar 2023 | ₦3.4t | ₦3.3t | ₦247.5b | 10.3x | 13.6x | 1x |
| Sun, 05 Feb 2023 | ₦3.0t | ₦3.2t | ₦219.1b | 10.1x | 13.5x | 0.9x |
| Tue, 03 Jan 2023 | ₦2.8t | ₦3.0t | ₦216.7b | 10.6x | 12.7x | 0.9x |
| Thu, 01 Dec 2022 | ₦2.6t | ₦3.0t | ₦213.9b | 11.3x | 12.1x | 0.9x |
Price to Earnings Ratio
12.1x
Current Industry PE
- Investors are pessimistic on the Nigerian 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 23.3x which is lower than its 3-year average PE of 28.1x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 49% per year over the last three years.
- Revenues for these companies have grown 12% 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 Market | -2.63% | |
| Consumer Staples | -0.42% | |
| Food | -0.067% | |
| Packaged Foods and Meats | -0.06% | |
| Agricultural Products | -0.11% | |
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 36.5x.
- Analysts are expecting annual earnings growth of 61.1%, which is lower than the prior year's growth of 126.0% 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 10.3x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 61% over the next 5 years.
- However this is lower than its past earnings growth rate of 126% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 61% 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 | |
|---|---|---|---|---|---|
| NESTLE Nestlé Nigeria | ₦1.78k | 2.9% +₦39.6b | 109.4% | PE15.3x | |
| UACN UAC of Nigeria | ₦70.00 | 20.5% +₦34.8b | 228.6% | PE28x | |
| ELLAHLAKES Ellah Lakes | ₦12.74 | 1.1% +₦540.1m | 275.8% | PS732.5x |