Have your own idea? Try our Stock Screener
Nigerian (NSE) Food Industry Analysis
UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies11
- 7D-6.9%
- 3M3.4%
- 1Y16.7%
- YTD-2.7%
Over the last 7 days, the Food industry has dropped 6.9%, driven by a pullback from BUA Foods of 10.0%. On the other hand Presco is actually up 12%. This takes the industry's 12 month performance to a gain of 17%. Looking forward, earnings are forecast to grow by 32% 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 |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | ₦8.4t | ₦2.6t | ₦446.8b | 10.3x | 18.8x | 3.3x |
| Tue, 14 Jan 2025 | ₦8.7t | ₦2.2t | ₦322.6b | 11.7x | 27.1x | 4x |
| Thu, 12 Dec 2024 | ₦8.5t | ₦5.2t | ₦351.1b | 8.4x | 24.1x | 1.6x |
| Sat, 09 Nov 2024 | ₦8.8t | ₦5.8t | ₦119.9b | 9.2x | 73.1x | 1.5x |
| Mon, 07 Oct 2024 | ₦8.4t | ₦4.5t | ₦269.7b | 13.8x | 31.2x | 1.9x |
| Wed, 04 Sep 2024 | ₦8.4t | ₦4.5t | ₦269.6b | 10.2x | 31.1x | 1.9x |
| Fri, 02 Aug 2024 | ₦7.9t | ₦4.4t | ₦251.2b | 10.8x | 31.4x | 1.8x |
| Sun, 30 Jun 2024 | ₦7.9t | ₦4.0t | ₦200.8b | 17.4x | 39.2x | 2x |
| Tue, 28 May 2024 | ₦7.7t | ₦3.7t | ₦206.3b | 9.5x | 37.4x | 2.1x |
| Thu, 25 Apr 2024 | ₦8.2t | ₦3.7t | ₦122.1b | 11.4x | 67.4x | 2.2x |
| Sat, 23 Mar 2024 | ₦8.4t | ₦3.7t | ₦131.6b | 11x | 63.8x | 2.3x |
| Mon, 19 Feb 2024 | ₦8.2t | ₦3.7t | ₦207.4b | 16.7x | 39.5x | 2.2x |
| Wed, 17 Jan 2024 | ₦6.1t | ₦3.4t | ₦203.6b | 14.9x | 29.8x | 1.8x |
| Fri, 15 Dec 2023 | ₦5.1t | ₦3.4t | ₦203.6b | 11.4x | 24.8x | 1.5x |
| Sun, 12 Nov 2023 | ₦5.2t | ₦3.4t | ₦203.6b | 11.6x | 25.4x | 1.5x |
| Tue, 10 Oct 2023 | ₦5.1t | ₦3.2t | ₦215.2b | 16x | 23.9x | 1.6x |
| Thu, 07 Sep 2023 | ₦4.9t | ₦3.2t | ₦215.2b | 16.5x | 23x | 1.6x |
| Sat, 05 Aug 2023 | ₦3.6t | ₦3.0t | ₦261.4b | 12.1x | 13.8x | 1.2x |
| Mon, 03 Jul 2023 | ₦4.4t | ₦3.4t | ₦266.0b | 12.9x | 16.7x | 1.3x |
| Wed, 31 May 2023 | ₦3.9t | ₦3.4t | ₦266.0b | 11.6x | 14.7x | 1.2x |
| Fri, 28 Apr 2023 | ₦3.6t | ₦3.3t | ₦263.3b | 9.7x | 13.5x | 1.1x |
| Sun, 26 Mar 2023 | ₦3.4t | ₦3.3t | ₦247.5b | 10.3x | 13.8x | 1x |
| Tue, 21 Feb 2023 | ₦3.0t | ₦3.2t | ₦219.1b | 10.3x | 13.5x | 0.9x |
| Thu, 19 Jan 2023 | ₦3.0t | ₦3.0t | ₦216.7b | 10.6x | 13.7x | 1x |
| Sat, 17 Dec 2022 | ₦2.6t | ₦3.0t | ₦213.9b | 11.3x | 12.2x | 0.9x |
| Mon, 14 Nov 2022 | ₦2.7t | ₦3.0t | ₦213.9b | 10.8x | 12.4x | 0.9x |
| Wed, 12 Oct 2022 | ₦2.7t | ₦2.8t | ₦218.7b | 7.9x | 12.5x | 1x |
| Fri, 09 Sep 2022 | ₦2.9t | ₦2.9t | ₦221.8b | 9.5x | 13x | 1x |
| Sun, 07 Aug 2022 | ₦2.8t | ₦2.7t | ₦223.5b | 9.6x | 12.7x | 1x |
| Tue, 05 Jul 2022 | ₦2.9t | ₦2.5t | ₦207.9b | 14.2x | 14.1x | 1.2x |
| Thu, 02 Jun 2022 | ₦3.0t | ₦2.5t | ₦213.3b | 15.7x | 14.1x | 1.2x |
| Sat, 30 Apr 2022 | ₦3.0t | ₦2.4t | ₦196.6b | 13.8x | 15.1x | 1.2x |
| Mon, 28 Mar 2022 | ₦2.9t | ₦2.4t | ₦204.4b | 11.7x | 14.2x | 1.2x |
| Wed, 23 Feb 2022 | ₦3.0t | ₦2.4t | ₦212.2b | 12.1x | 13.9x | 1.3x |
Price to Earnings Ratio
13.9x
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 18.8x which is lower than its 3-year average PE of 24.0x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 2.9% 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 | 2.61% | |
| Consumer Staples | -5.45% | |
| Food | -6.85% | |
| Agricultural Products | 6.95% | |
| Packaged Foods and Meats | -9.03% | |
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 29.2x.
- Analysts are expecting annual earnings growth of 16.6%, which is lower than the prior year's growth of 159.7% per year.
- Investors are most pessimistic about the Agricultural Products industry, which is trading close to its 3-year average of 9.5x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 34% over the next 5 years.
- However this is lower than its past earnings growth rate of 132% 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 | |
|---|---|---|---|---|---|
| PRESCO Presco | ₦785.00 | 12.1% +₦84.8b | 221.7% | PE8x | |
| HONYFLOUR Honeywell Flour Mills | ₦14.00 | 47.1% +₦35.5b | 241.5% | PE14.1x | |
| NASCON Nascon Allied Industries | ₦41.85 | 2.6% +₦2.8b | -28.9% | PE9.7x | |
| UACN UAC of Nigeria | ₦37.00 | 2.6% +₦2.8b | 147.5% | PE7.2x | |
| DANGSUGAR Dangote Sugar Refinery | ₦36.00 | 0.6% +₦2.4b | -48.3% | PS0.7x |