Nigerian (NSE) Packaged Foods and Meats Industry Analysis

UpdatedMay 21, 2026

DataAggregated Company Financials

Companies11

7D-0.4%
3M14.4%
1Y128.9%
YTDn/a

Over the last 7 days, the Packaged Foods and Meats industry has remained flat, although notably Honeywell Flour Mills gained 6.3%. The past year has been better, since the industry has gained 131% in that time. Earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

Has the Nigerian Packaged Foods and Meats Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 21 May 2026	₦22.4t	₦4.9t	₦698.9b	21.8x	32.1x	4.5x
Sat, 18 Apr 2026	₦16.8t	₦3.6t	₦515.2b	20.3x	32.5x	4.6x
Mon, 16 Mar 2026	₦16.3t	₦3.7t	₦497.9b	17x	32.8x	4.5x
Wed, 11 Feb 2026	₦16.3t	₦3.7t	₦541.4b	19.7x	30.1x	4.5x
Fri, 09 Jan 2026	₦16.2t	₦3.6t	₦501.4b	27.3x	32.3x	4.5x
Sun, 07 Dec 2025	₦14.0t	₦3.6t	₦501.5b	19.6x	28x	3.9x
Tue, 04 Nov 2025	₦14.0t	₦3.6t	₦499.3b	20.1x	28.1x	3.9x
Thu, 02 Oct 2025	₦12.9t	₦3.5t	₦376.1b	13.3x	34.4x	3.7x
Sat, 30 Aug 2025	₦12.2t	₦3.5t	₦375.6b	14.1x	32.4x	3.5x
Mon, 28 Jul 2025	₦9.8t	₦3.3t	₦303.3b	13.9x	32.3x	3x
Wed, 25 Jun 2025	₦9.8t	₦3.3t	₦228.9b	11x	42.7x	3x
Fri, 23 May 2025	₦8.5t	₦3.2t	₦224.4b	12.9x	38x	2.6x
Sun, 20 Apr 2025	₦8.3t	₦3.0t	₦92.2b	9.3x	90x	2.7x
Tue, 18 Mar 2025	₦8.3t	₦2.9t	₦123.9b	9.9x	67.1x	2.9x
Thu, 13 Feb 2025	₦7.8t	₦2.2t	₦312.8b	11.2x	25x	3.5x
Sat, 11 Jan 2025	₦7.8t	₦1.9t	₦232.2b	7.5x	33.4x	4.1x
Mon, 09 Dec 2024	₦7.7t	₦4.9t	₦260.8b	9.6x	29.3x	1.6x
Wed, 06 Nov 2024	₦7.6t	₦4.8t	₦256.2b	8.4x	29.6x	1.6x
Fri, 04 Oct 2024	₦7.6t	₦4.2t	₦188.3b	10.2x	40.2x	1.8x
Sun, 01 Sep 2024	₦7.5t	₦4.2t	₦188.1b	8.5x	39.8x	1.8x
Tue, 30 Jul 2024	₦7.2t	₦3.7t	₦116.6b	20.1x	62.1x	1.9x
Thu, 27 Jun 2024	₦7.2t	₦3.7t	₦128.4b	21x	56.3x	1.9x
Sat, 25 May 2024	₦7.2t	₦3.4t	₦136.3b	15.5x	52.8x	2.1x
Mon, 22 Apr 2024	₦7.8t	₦3.5t	₦71.2b	18.3x	109x	2.2x
Wed, 20 Mar 2024	₦7.9t	₦3.5t	₦80.2b	19.3x	98.9x	2.2x
Fri, 16 Feb 2024	₦7.1t	₦3.5t	₦156.1b	35.8x	45.5x	2x
Sun, 14 Jan 2024	₦5.3t	₦3.2t	₦164.4b	22.6x	32.4x	1.7x
Tue, 12 Dec 2023	₦4.6t	₦3.2t	₦164.4b	18x	28.2x	1.4x
Thu, 09 Nov 2023	₦4.8t	₦3.2t	₦164.4b	12.8x	29x	1.5x
Sat, 07 Oct 2023	₦4.7t	₦3.0t	₦177.2b	16x	26.4x	1.6x
Mon, 04 Sep 2023	₦4.3t	₦3.0t	₦164.0b	15.1x	26.4x	1.4x
Wed, 02 Aug 2023	₦3.1t	₦2.8t	₦220.9b	11x	13.9x	1.1x
Fri, 30 Jun 2023	₦4.0t	₦3.2t	₦228.5b	10.8x	17.6x	1.3x
Sun, 28 May 2023	₦3.5t	₦3.2t	₦228.4b	12.4x	15.4x	1.1x

Price to Earnings Ratio

15.4x

Sun, 28 May 2023

Current Industry PE

Investors are pessimistic on the Nigerian Packaged Foods and Meats 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 32.1x which is lower than its 3-year average PE of 39.3x.

The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 4.5x.

Past Earnings Growth

The earnings for companies in the Packaged Foods and Meats industry have grown 45% per year over the last three years.
Revenues for these companies have grown 16% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Nigerian Packaged Foods and Meats compare with similar industries?


NG Market	-1.57%
Consumer Staples	-1.95%
Food	-0.39%
Packaged Foods and Meats	-0.44%
Agricultural Products	-0.15%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
HONYFLOUR Honeywell Flour Mills	₦18.60	3.3% +₦4.8b	2.5%	PE12.2x
ELLAHLAKES Ellah Lakes	₦11.35	8.1% +₦3.3b	255.8%	PS609x
MCNICHOLS McNichols	₦7.96	6.1% +₦513.7m	246.1%	PE20.9x