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Nigerian (NSE) Packaged Foods and Meats Industry Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies8
  • 7D0.2%
  • 3M6.3%
  • 1Y68.3%
  • YTDn/a

The Packaged Foods and Meats is pretty flat in the last 7 days, but Dangote Sugar Refinery has stood out, gaining 17%. As for the the longer term, the industry is up 68% over the past 12 months. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jan 2025₦7.8t₦1.9t₦232.2b9x33.5x4.1x
Thu, 19 Dec 2024₦7.7t₦4.9t₦260.8b9.6x29.4x1.6x
Sat, 16 Nov 2024₦7.6t₦4.9t₦260.6b9.1x29.3x1.6x
Mon, 14 Oct 2024₦7.6t₦4.2t₦188.3b10.1x40.2x1.8x
Wed, 11 Sep 2024₦7.5t₦4.2t₦188.3b8.5x39.8x1.8x
Fri, 09 Aug 2024₦7.2t₦4.2t₦189.4b8.6x38x1.7x
Sun, 07 Jul 2024₦7.2t₦3.7t₦116.6b20.7x62x1.9x
Tue, 04 Jun 2024₦7.2t₦3.4t₦147.0b15.5x49.1x2.1x
Thu, 02 May 2024₦7.7t₦3.8t₦92.9b16.3x82.5x2x
Sat, 30 Mar 2024₦7.9t₦3.5t₦80.2b20.2x97.9x2.2x
Mon, 26 Feb 2024₦8.0t₦3.5t₦156.1b31.2x51.3x2.3x
Wed, 24 Jan 2024₦5.7t₦3.2t₦164.6b24.8x34.6x1.8x
Fri, 22 Dec 2023₦4.6t₦3.2t₦164.4b17.7x28.2x1.4x
Sun, 19 Nov 2023₦4.8t₦3.2t₦164.4b14.3x29x1.5x
Tue, 17 Oct 2023₦4.8t₦3.0t₦177.2b16.7x26.9x1.6x
Thu, 14 Sep 2023₦4.4t₦3.0t₦177.2b17.2x24.6x1.5x
Sat, 12 Aug 2023₦3.1t₦2.8t₦223.5b10.9x13.8x1.1x
Mon, 10 Jul 2023₦4.0t₦3.2t₦228.4b13.1x17.7x1.3x
Wed, 07 Jun 2023₦3.9t₦3.2t₦228.4b13.1x16.9x1.2x
Fri, 05 May 2023₦3.4t₦3.2t₦230.2b11.3x14.6x1.1x
Sun, 02 Apr 2023₦3.1t₦3.1t₦208.9b14.5x15x1x
Tue, 28 Feb 2023₦2.9t₦3.0t₦180.5b14.1x16.3x1x
Thu, 26 Jan 2023₦2.6t₦2.9t₦177.5b12.7x14.9x0.9x
Sat, 24 Dec 2022₦2.4t₦2.9t₦174.7b13.3x13.5x0.8x
Mon, 21 Nov 2022₦2.4t₦2.9t₦174.7b11.9x13.7x0.8x
Wed, 19 Oct 2022₦2.4t₦2.7t₦177.2b10.7x13.7x0.9x
Fri, 16 Sep 2022₦2.6t₦2.7t₦180.3b9.5x14.2x0.9x
Sun, 14 Aug 2022₦2.6t₦2.6t₦182.0b9.6x14.1x1x
Tue, 12 Jul 2022₦2.5t₦2.5t₦169.4b17.3x14.8x1x
Thu, 09 Jun 2022₦2.7t₦2.4t₦173.5b16.7x15.3x1.1x
Sat, 07 May 2022₦2.7t₦2.4t₦175.8b14.6x15.1x1.1x
Mon, 04 Apr 2022₦2.6t₦2.3t₦170.6b14.2x15.3x1.1x
Wed, 02 Mar 2022₦2.7t₦2.3t₦167.8b15.3x16.1x1.2x
Fri, 28 Jan 2022₦2.7t₦2.2t₦177.3b16.2x15.4x1.3x
Price to Earnings Ratio

15.4x


Total Market Cap: ₦2.7tTotal Earnings: ₦177.3bTotal Revenue: ₦2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Packaged Foods and Meats Industry Price to Earnings3Y Average 28.9x202320242025
Current Industry PE
  • Investors are optimistic on the Nigerian Packaged Foods and Meats industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.5x which is higher than its 3-year average PE of 28.9x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Packaged Foods and Meats industry have grown 9.4% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.5% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

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

NG Market-4.11%
Consumer Staples0.30%
Food0.19%
Packaged Foods and Meats0.19%
Agricultural Products0.21%
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?

CompanyLast Price7D1YValuation
DANGSUGAR Dangote Sugar Refinery₦38.5014.9%
+₦60.7b		-48.7%PS0.8x
NASCON Nascon Allied Industries₦39.0011.4%
+₦10.8b		-41.5%PE9x
UACN UAC of Nigeria₦36.908.5%
+₦8.5b		132.8%PE7.5x
NNFM Northern Nigeria Flour Mills₦54.4520.7%
+₦1.7b		1.5%PE4.1x
HONYFLOUR Honeywell Flour Mills₦9.701.7%
+₦1.3b		77.0%PS0.3x
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Latest News

HONYFLOUR

₦9.70

Honeywell Flour Mills

7D

1.7%

1Y

77.0%

UACN

₦36.90

UAC of Nigeria

7D

8.5%

1Y

132.8%

ELLAHLAKES

₦3.20

Ellah Lakes

7D

4.2%

1Y

-3.0%

NNFM

₦54.45

Northern Nigeria Flour Mills

7D

20.7%

1Y

1.5%

NASCON

₦39.00

Nascon Allied Industries

7D

11.4%

1Y

-41.5%

DANGSUGAR

₦38.50

Dangote Sugar Refinery

7D

14.9%

1Y

-48.7%

MCNICHOLS

₦1.57

McNichols

7D

-2.5%

1Y

-3.1%

FTNCOCOA

₦1.85

FTN Cocoa Processors

7D

-6.1%

1Y

-7.0%