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Nigerian (NSE) Food Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies11
- 7D1.1%
- 3M8.8%
- 1Y49.0%
- YTD2.4%
Over the last 7 days, the Food industry has risen 1.1%, driven by gains from Nestlé Nigeria of 11%. During this same period, the Cadbury Nigeria underperformed, falling 5.2%. In the last 12 months, the industry was up 49%. As for the next few years, earnings are expected to grow by 37% 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 |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | ₦8.8t | ₦2.5t | ₦403.1b | 9.6x | 21.9x | 3.5x |
| Mon, 30 Dec 2024 | ₦8.6t | ₦5.2t | ₦351.1b | 10.2x | 24.4x | 1.6x |
| Wed, 27 Nov 2024 | ₦8.4t | ₦5.2t | ₦351.0b | 9.5x | 24x | 1.6x |
| Fri, 25 Oct 2024 | ₦8.4t | ₦4.5t | ₦269.7b | 13.1x | 31.1x | 1.9x |
| Sun, 22 Sep 2024 | ₦8.4t | ₦4.5t | ₦269.7b | 11.2x | 31.2x | 1.9x |
| Tue, 20 Aug 2024 | ₦8.0t | ₦4.5t | ₦270.9b | 10x | 29.7x | 1.8x |
| Thu, 18 Jul 2024 | ₦7.9t | ₦4.0t | ₦189.0b | 10.9x | 41.8x | 2x |
| Sat, 15 Jun 2024 | ₦7.8t | ₦4.0t | ₦200.8b | 16.3x | 39x | 2x |
| Mon, 13 May 2024 | ₦7.8t | ₦3.7t | ₦206.3b | 9.5x | 37.6x | 2.1x |
| Wed, 10 Apr 2024 | ₦8.4t | ₦3.7t | ₦132.7b | 11.4x | 63.3x | 2.2x |
| Fri, 08 Mar 2024 | ₦8.3t | ₦3.7t | ₦131.4b | 11x | 62.8x | 2.2x |
| Sun, 04 Feb 2024 | ₦7.1t | ₦3.7t | ₦207.4b | 17.9x | 34.1x | 1.9x |
| Tue, 02 Jan 2024 | ₦5.0t | ₦3.4t | ₦203.6b | 12.3x | 24.4x | 1.5x |
| Thu, 30 Nov 2023 | ₦5.1t | ₦3.4t | ₦203.6b | 11.5x | 25x | 1.5x |
| Sat, 28 Oct 2023 | ₦5.2t | ₦3.3t | ₦213.0b | 15.8x | 24.3x | 1.6x |
| Mon, 25 Sep 2023 | ₦5.0t | ₦3.2t | ₦215.2b | 16.1x | 23.3x | 1.6x |
| Wed, 23 Aug 2023 | ₦3.9t | ₦3.0t | ₦209.3b | 13.6x | 18.8x | 1.3x |
| Fri, 21 Jul 2023 | ₦4.5t | ₦3.4t | ₦266.0b | 12.3x | 16.8x | 1.3x |
| Sun, 18 Jun 2023 | ₦4.4t | ₦3.4t | ₦266.0b | 13.4x | 16.6x | 1.3x |
| Tue, 16 May 2023 | ₦3.7t | ₦3.4t | ₦266.0b | 10x | 14x | 1.1x |
| Thu, 13 Apr 2023 | ₦3.5t | ₦3.3t | ₦247.1b | 11.1x | 14x | 1.1x |
| Sat, 11 Mar 2023 | ₦3.4t | ₦3.3t | ₦247.5b | 10.3x | 13.6x | 1x |
| Mon, 06 Feb 2023 | ₦3.0t | ₦3.2t | ₦219.1b | 10.1x | 13.5x | 0.9x |
| Wed, 04 Jan 2023 | ₦2.8t | ₦3.0t | ₦216.7b | 10.6x | 12.7x | 0.9x |
| Fri, 02 Dec 2022 | ₦2.6t | ₦3.0t | ₦213.9b | 11.3x | 12.2x | 0.9x |
| Sun, 30 Oct 2022 | ₦2.7t | ₦2.8t | ₦196.1b | 12.4x | 13.9x | 1x |
| Tue, 27 Sep 2022 | ₦2.9t | ₦2.8t | ₦218.7b | 8.8x | 13.1x | 1x |
| Thu, 25 Aug 2022 | ₦2.8t | ₦2.9t | ₦221.8b | 9.5x | 12.5x | 1x |
| Sat, 23 Jul 2022 | ₦2.9t | ₦2.6t | ₦206.8b | 13.8x | 13.8x | 1.1x |
| Mon, 20 Jun 2022 | ₦2.9t | ₦2.5t | ₦207.9b | 14.7x | 14.1x | 1.2x |
| Wed, 18 May 2022 | ₦3.1t | ₦2.5t | ₦209.5b | 16.5x | 14.7x | 1.2x |
| Fri, 15 Apr 2022 | ₦2.9t | ₦2.4t | ₦198.0b | 13.6x | 14.7x | 1.2x |
| Sun, 13 Mar 2022 | ₦3.0t | ₦2.4t | ₦204.4b | 12x | 14.5x | 1.2x |
| Tue, 08 Feb 2022 | ₦3.0t | ₦2.4t | ₦212.2b | 11.4x | 14.1x | 1.3x |
Price to Earnings Ratio
14.1x
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 23.9x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 24% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Nigerian Consumer Staples industry?
| NG Market | 0.78% | |
| Consumer Staples | 1.41% | |
| Food | 1.11% | |
| Agricultural Products | 8.91% | |
| Packaged Foods and Meats | 0.12% | |
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 29.1x.
- Analysts are expecting annual earnings growth of 16.6%, which is lower than the prior year's growth of 169.7% 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 9.4x.
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 17% 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 | ₦975.00 | 11.4% +₦79.3b | -11.4% | PS0.9x | |
| PRESCO Presco | ₦585.00 | 8.7% +₦47.0b | 125.9% | PE9.6x | |
| OKOMUOIL Okomu Oil Palm | ₦488.40 | 10.0% +₦42.4b | 80.9% | PE16.6x | |
| DANGSUGAR Dangote Sugar Refinery | ₦36.00 | 2.9% +₦12.1b | -55.0% | PS0.7x | |
| HONYFLOUR Honeywell Flour Mills | ₦9.58 | 8.9% +₦6.2b | 122.3% | PE9.7x |