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Nigerian (NSE) Food Industry Analysis
UpdatedAug 15, 2025
DataAggregated Company Financials
Companies13
- 7D0.5%
- 3M46.5%
- 1Y73.2%
- YTD60.5%
In the last week, the Food industry is up 6.3%, with BUA Foods up 11%. This takes the industry's 12 month performance to a gain of 74%. Looking forward, earnings are forecast to grow by 54% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 15 Aug 2025 | ₦14.6t | ₦4.0t | ₦570.5b | 14.5x | 25.6x | 3.6x |
| Sun, 13 Jul 2025 | ₦11.7t | ₦3.7t | ₦376.9b | 15.9x | 31.1x | 3.1x |
| Tue, 10 Jun 2025 | ₦10.5t | ₦3.7t | ₦376.9b | 12.8x | 27.9x | 2.8x |
| Thu, 08 May 2025 | ₦9.9t | ₦3.7t | ₦372.4b | 11.4x | 26.5x | 2.7x |
| Sat, 05 Apr 2025 | ₦9.6t | ₦3.3t | ₦248.6b | 11.4x | 38.5x | 2.9x |
| Mon, 03 Mar 2025 | ₦9.2t | ₦2.6t | ₦446.5b | 12.8x | 20.6x | 3.6x |
| Wed, 29 Jan 2025 | ₦8.8t | ₦2.2t | ₦323.2b | 9.8x | 27.2x | 4x |
| Fri, 27 Dec 2024 | ₦8.6t | ₦5.2t | ₦351.1b | 9.9x | 24.4x | 1.6x |
| Sun, 24 Nov 2024 | ₦8.4t | ₦5.2t | ₦351.0b | 9.6x | 24x | 1.6x |
| Tue, 22 Oct 2024 | ₦8.4t | ₦4.5t | ₦269.7b | 13.1x | 31.1x | 1.9x |
| Thu, 19 Sep 2024 | ₦8.5t | ₦4.5t | ₦269.7b | 12.7x | 31.3x | 1.9x |
| Sat, 17 Aug 2024 | ₦8.0t | ₦4.5t | ₦270.9b | 10x | 29.6x | 1.8x |
| Mon, 15 Jul 2024 | ₦7.9t | ₦4.0t | ₦189.0b | 10.9x | 41.7x | 2x |
| Wed, 12 Jun 2024 | ₦7.8t | ₦4.0t | ₦200.8b | 16.3x | 38.8x | 2x |
| Fri, 10 May 2024 | ₦7.8t | ₦3.7t | ₦206.3b | 9.5x | 37.6x | 2.1x |
| Sun, 07 Apr 2024 | ₦8.4t | ₦3.7t | ₦131.6b | 11.4x | 63.8x | 2.3x |
| Tue, 05 Mar 2024 | ₦8.3t | ₦3.7t | ₦131.6b | 11x | 63.1x | 2.2x |
| Thu, 01 Feb 2024 | ₦6.7t | ₦3.7t | ₦197.3b | 16.5x | 33.7x | 1.8x |
| Sat, 30 Dec 2023 | ₦5.0t | ₦3.4t | ₦203.6b | 12.3x | 24.4x | 1.5x |
| Mon, 27 Nov 2023 | ₦5.2t | ₦3.4t | ₦203.6b | 11.6x | 25.4x | 1.5x |
| Wed, 25 Oct 2023 | ₦5.1t | ₦3.2t | ₦215.2b | 14.9x | 23.9x | 1.6x |
| Fri, 22 Sep 2023 | ₦5.0t | ₦3.2t | ₦215.2b | 16.1x | 23.2x | 1.6x |
| Sun, 20 Aug 2023 | ₦3.7t | ₦3.0t | ₦209.3b | 13.6x | 17.6x | 1.2x |
| Tue, 18 Jul 2023 | ₦4.5t | ₦3.4t | ₦266.0b | 12.3x | 16.8x | 1.3x |
| Thu, 15 Jun 2023 | ₦4.4t | ₦3.4t | ₦266.0b | 12.8x | 16.7x | 1.3x |
| Sat, 13 May 2023 | ₦3.7t | ₦3.4t | ₦266.0b | 10x | 14x | 1.1x |
| Mon, 10 Apr 2023 | ₦3.5t | ₦3.3t | ₦247.7b | 11.1x | 14x | 1.1x |
| Wed, 08 Mar 2023 | ₦3.4t | ₦3.3t | ₦247.5b | 10.3x | 13.6x | 1x |
| Fri, 03 Feb 2023 | ₦3.0t | ₦3.2t | ₦219.1b | 10.1x | 13.6x | 0.9x |
| Sun, 01 Jan 2023 | ₦2.8t | ₦3.0t | ₦216.7b | 10.6x | 12.7x | 0.9x |
| Tue, 29 Nov 2022 | ₦2.6t | ₦3.0t | ₦213.9b | 11.3x | 12.1x | 0.9x |
| Thu, 27 Oct 2022 | ₦2.7t | ₦2.8t | ₦217.1b | 11.5x | 12.5x | 1x |
| Sat, 24 Sep 2022 | ₦2.9t | ₦2.9t | ₦221.8b | 9.5x | 13x | 1x |
| Mon, 22 Aug 2022 | ₦2.9t | ₦2.9t | ₦221.8b | 9.5x | 13x | 1x |
Price to Earnings Ratio
13x
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 26.8x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 37% 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 | -0.43% | |
| Consumer Staples | -0.50% | |
| Food | 0.52% | |
| Packaged Foods and Meats | 0.88% | |
| Agricultural Products | -1.25% | |
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 34.8x.
- Analysts are expecting annual earnings growth of 53.9%, which is lower than the prior year's growth of 87.6% 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 9.8x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 54% over the next 5 years.
- However this is lower than its past earnings growth rate of 88% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 54% 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 | |
|---|---|---|---|---|---|
| BUAFOODS BUA Foods | ₦588.00 | 2.3% +₦235.8b | 54.8% | PE26.8x | |
| ELLAHLAKES Ellah Lakes | ₦15.90 | 31.6% +₦14.7b | 430.0% | PS694.7x | |
| FTNCOCOA FTN Cocoa Processors | ₦6.30 | 5.0% +₦1.2b | 240.5% | PS38.5x |