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Nigerian (NSE) Food Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies14
  • 7D0.2%
  • 3M5.0%
  • 1Y107.8%
  • YTD7.9%

Last week, the Food industry hasn't moved much but Nestlé Nigeria is up 6.4% in that time. As for the the longer term, the industry is up 107% over the past 12 months. Earnings are forecast to grow by 44% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026₦20.3t₦4.2t₦708.2b19.6x28.7x4.8x
Mon, 09 Mar 2026₦20.8t₦4.2t₦696.6b20.2x29.9x4.9x
Wed, 04 Feb 2026₦19.3t₦4.2t₦742.9b18.1x25.9x4.6x
Fri, 02 Jan 2026₦18.6t₦4.2t₦708.7b15.9x26.2x4.4x
Sun, 30 Nov 2025₦16.5t₦4.2t₦708.7b14.7x23.3x3.9x
Tue, 28 Oct 2025₦16.7t₦4.1t₦584.7b13.5x28.5x4.1x
Thu, 25 Sep 2025₦15.4t₦4.0t₦570.9b14.5x26.9x3.8x
Sat, 23 Aug 2025₦14.7t₦4.0t₦570.5b14.5x25.8x3.6x
Mon, 21 Jul 2025₦11.9t₦3.7t₦376.9b14.1x31.4x3.2x
Wed, 18 Jun 2025₦11.3t₦3.7t₦376.9b11.7x30.1x3x
Fri, 16 May 2025₦9.9t₦3.7t₦372.4b11.7x26.7x2.7x
Sun, 13 Apr 2025₦9.6t₦3.4t₦210.2b11.2x45.8x2.8x
Tue, 11 Mar 2025₦9.7t₦3.3t₦257.9b12.6x37.5x3x
Thu, 06 Feb 2025₦9.0t₦2.5t₦409.9b9.5x21.9x3.5x
Sat, 04 Jan 2025₦9.0t₦5.2t₦351.1b11.8x25.6x1.7x
Mon, 02 Dec 2024₦8.4t₦5.2t₦351.2b9.2x24x1.6x
Wed, 30 Oct 2024₦8.4t₦4.5t₦274.1b10.6x30.6x1.9x
Fri, 27 Sep 2024₦8.4t₦4.5t₦269.7b13.8x31.2x1.9x
Sun, 25 Aug 2024₦8.0t₦4.5t₦270.9b10x29.6x1.8x
Tue, 23 Jul 2024₦7.9t₦4.0t₦189.0b10.9x41.9x2x
Thu, 20 Jun 2024₦7.8t₦4.0t₦200.8b17.8x39.1x2x
Sat, 18 May 2024₦7.7t₦3.7t₦206.3b9.5x37.4x2.1x
Mon, 15 Apr 2024₦8.3t₦3.7t₦132.7b11.4x62.6x2.2x
Wed, 13 Mar 2024₦8.4t₦3.7t₦131.6b11x63.6x2.2x
Fri, 09 Feb 2024₦7.1t₦3.7t₦207.4b16.2x34.2x1.9x
Sun, 07 Jan 2024₦5.2t₦3.4t₦203.6b12.4x25.6x1.5x
Tue, 05 Dec 2023₦5.1t₦3.4t₦203.6b11.5x24.9x1.5x
Thu, 02 Nov 2023₦5.2t₦3.4t₦203.6b11.5x25.5x1.5x
Sat, 30 Sep 2023₦5.0t₦3.2t₦215.2b16x23.1x1.6x
Mon, 28 Aug 2023₦4.3t₦3.0t₦209.3b13.7x20.6x1.5x
Wed, 26 Jul 2023₦4.5t₦3.4t₦266.0b13x17.1x1.3x
Fri, 23 Jun 2023₦4.4t₦3.4t₦266.0b12.6x16.6x1.3x
Sun, 21 May 2023₦3.7t₦3.4t₦266.0b11x14x1.1x
Tue, 18 Apr 2023₦3.5t₦3.3t₦243.7b11.1x14.2x1.1x
Price to Earnings Ratio

14.2x


Total Market Cap: ₦3.5tTotal Earnings: ₦243.7bTotal Revenue: ₦3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Food Industry Price to Earnings3Y Average 29.8x202420252026
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 29.8x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 43% per year over the last three years.
  • Revenues for these companies have grown 8.7% 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 Market0.86%
Consumer Staples0.27%
Food0.19%
Packaged Foods and Meats0.25%
Agricultural Products-0.044%
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 38.6x.
    • Analysts are expecting annual earnings growth of 43.6%, which is lower than the prior year's growth of 94.9% 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 11.3x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 44% over the next 5 years.
  • However this is lower than its past earnings growth rate of 95% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 44% 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
NESTLE Nestlé Nigeria₦3.25k6.4%
+₦154.1b		218.6%PE24.5x
NASCON Nascon Allied Industries₦161.009.5%
+₦37.8b		266.3%PE13x
UACN UAC of Nigeria₦105.006.1%
+₦17.6b		275.0%PE29x
HONYFLOUR Honeywell Flour Mills₦21.356.8%
+₦10.7b		92.3%PE14.1x
CADBURY Cadbury Nigeria₦72.004.8%
+₦7.5b		213.0%PE18.3x

Latest News

UACN
₦105.00
UAC of Nigeria
7D
6.1%
1Y
275.0%
MCNICHOLS
₦6.47
McNichols
7D
-3.4%
1Y
304.4%
LIVESTOCK
₦6.75
Livestock Feeds
7D
0.7%
1Y
-21.0%
DANGSUGAR
₦63.95
Dangote Sugar Refinery
7D
-3.1%
1Y
89.8%
NESTLE
₦3,249.90
Nestlé Nigeria
7D
6.4%
1Y
218.6%
NASCON
₦161.00
Nascon Allied Industries
7D
9.5%
1Y
266.3%
ZICHIS
₦12.55
Zichis Agro Allied Industries
7D
-11.2%
1Y
n/a
CADBURY
₦72.00
Cadbury Nigeria
7D
4.8%
1Y
213.0%
ELLAHLAKES
₦10.00
Ellah Lakes
7D
-16.7%
1Y
218.5%
HONYFLOUR
₦21.35
Honeywell Flour Mills
7D
6.8%
1Y
92.3%
FTNCOCOA
₦5.20
FTN Cocoa Processors
7D
-2.4%
1Y
173.7%