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Nigerian (NSE) Food Industry Analysis

UpdatedApr 25, 2024
DataAggregated Company Financials
Companies14
  • 7D-0.02%
  • 3M20.1%
  • 1Y217.3%
  • YTD64.6%

Last week, the Food industry hasn't moved much but Ellah Lakes is up 10.0% in that time. As for the the longer term, the industry is up 219% over the past 12 months. Earnings are forecast to grow by 69% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Apr 2024₦8.2t₦3.7t₦122.1b11.4x67.4x2.2x
Sat, 23 Mar 2024₦8.4t₦3.7t₦131.6b11x63.8x2.3x
Mon, 19 Feb 2024₦8.2t₦3.7t₦207.4b16.7x39.5x2.2x
Wed, 17 Jan 2024₦6.1t₦3.4t₦203.6b14.9x29.8x1.8x
Fri, 15 Dec 2023₦5.1t₦3.4t₦203.6b11.4x24.8x1.5x
Sun, 12 Nov 2023₦5.2t₦3.4t₦203.6b11.6x25.4x1.5x
Tue, 10 Oct 2023₦5.1t₦3.2t₦215.2b16x23.9x1.6x
Thu, 07 Sep 2023₦4.9t₦3.2t₦215.2b16.5x23x1.6x
Sat, 05 Aug 2023₦3.6t₦3.0t₦261.4b12.1x13.8x1.2x
Mon, 03 Jul 2023₦4.4t₦3.4t₦266.0b12.9x16.7x1.3x
Wed, 31 May 2023₦3.9t₦3.4t₦266.0b11.6x14.7x1.2x
Fri, 28 Apr 2023₦3.6t₦3.3t₦263.3b9.7x13.5x1.1x
Sun, 26 Mar 2023₦3.4t₦3.3t₦247.5b10.3x13.8x1x
Tue, 21 Feb 2023₦3.0t₦3.2t₦219.1b10.3x13.5x0.9x
Thu, 19 Jan 2023₦3.0t₦3.0t₦216.7b10.6x13.7x1x
Sat, 17 Dec 2022₦2.6t₦3.0t₦213.9b11.3x12.2x0.9x
Mon, 14 Nov 2022₦2.7t₦3.0t₦213.9b10.8x12.4x0.9x
Wed, 12 Oct 2022₦2.7t₦2.8t₦218.7b7.9x12.5x1x
Fri, 09 Sep 2022₦2.9t₦2.9t₦221.8b9.5x13x1x
Sun, 07 Aug 2022₦2.8t₦2.7t₦223.5b9.6x12.7x1x
Tue, 05 Jul 2022₦2.9t₦2.5t₦207.9b14.2x14.1x1.2x
Thu, 02 Jun 2022₦3.0t₦2.5t₦213.3b15.7x14.1x1.2x
Sat, 30 Apr 2022₦3.0t₦2.4t₦196.6b13.8x15.1x1.2x
Mon, 28 Mar 2022₦2.9t₦2.4t₦204.4b11.7x14.2x1.2x
Wed, 23 Feb 2022₦3.0t₦2.4t₦212.2b12.1x13.9x1.3x
Fri, 21 Jan 2022₦3.0t₦1.9t₦121.8b11.5x24.5x1.6x
Sun, 19 Dec 2021₦1.8t₦1.9t₦121.8b11.1x14.6x0.9x
Tue, 16 Nov 2021₦1.8t₦1.9t₦121.8b11.1x14.7x0.9x
Thu, 14 Oct 2021₦1.8t₦1.8t₦126.8b11.3x14.5x1x
Sat, 11 Sep 2021₦1.8t₦1.8t₦126.6b10.6x13.9x1x
Mon, 09 Aug 2021₦1.8t₦1.8t₦127.4b9.1x14.5x1x
Sun, 02 May 2021₦1.7t₦1.6t₦122.2b10.5x14.2x1.1x
Price to Earnings Ratio

14.2x


Total Market Cap: ₦1.7tTotal Earnings: ₦122.2bTotal Revenue: ₦1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Food Industry Price to Earnings3Y Average 18.9x202220232024
Current Industry PE
  • Investors are optimistic on the Nigerian Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 67.4x which is higher than its 3-year average PE of 18.9x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Food industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 31% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Nigerian Consumer Staples industry?

NG Market-1.21%
Consumer Staples0.17%
Food-0.022%
Packaged Foods and Meats-0.015%
Agricultural Products-0.14%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 22.3x.
    • Analysts are expecting annual earnings growth of 68.8%, which is higher than its past year's earnings growth of 22.7% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading close to its 3-year average of 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 69% over the next 5 years.
  • This is better than its past earnings growth rate of 23% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 69% 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
ELLAHLAKES Ellah Lakes₦3.3010.0%
+₦826.1m		-16.7%PB0.4x
FTNCOCOA FTN Cocoa Processors₦1.4410.8%
+₦546.0m		364.5%PB1.7x
UACN UAC of Nigeria₦11.400.4%
+₦146.3m		42.5%PE3.6x
MCNICHOLS McNichols₦1.267.7%
+₦100.5m		59.5%PE39x
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Ellah Lakes

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1Y

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