Header cover image

Nigerian (NSE) Packaged Foods and Meats Industry Analysis

UpdatedMar 29, 2024
DataAggregated Company Financials
Companies10
  • 7D-1.0%
  • 3M73.4%
  • 1Y248.1%
  • YTDn/a

The Packaged Foods and Meats is pretty flat in the last 7 days, but Flour Mills of Nigeria has stood out, gaining 5.4%. The past year has been better, since the industry has gained 249% in that time. As for the next few years, earnings are expected to grow by 69% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Mar 2024₦7.9t₦3.5t₦80.2b20.2x97.9x2.2x
Sun, 25 Feb 2024₦8.0t₦3.5t₦156.1b31.2x51.3x2.3x
Tue, 23 Jan 2024₦5.7t₦3.2t₦164.6b24.3x34.9x1.8x
Thu, 21 Dec 2023₦4.6t₦3.2t₦164.4b18.2x28.2x1.4x
Sat, 18 Nov 2023₦4.8t₦3.2t₦164.4b14.3x29x1.5x
Mon, 16 Oct 2023₦4.7t₦3.0t₦177.2b17x26.7x1.6x
Wed, 13 Sep 2023₦4.3t₦3.0t₦177.2b17.2x24.2x1.4x
Fri, 11 Aug 2023₦3.1t₦2.8t₦223.5b10.9x13.8x1.1x
Sun, 09 Jul 2023₦4.0t₦3.2t₦228.4b13.1x17.7x1.3x
Tue, 06 Jun 2023₦3.9t₦3.2t₦228.4b12.9x16.9x1.2x
Thu, 04 May 2023₦3.4t₦3.2t₦230.2b11.3x14.6x1.1x
Sat, 01 Apr 2023₦3.1t₦3.1t₦208.9b14.5x15x1x
Mon, 27 Feb 2023₦2.9t₦3.0t₦180.5b13.7x15.8x0.9x
Wed, 25 Jan 2023₦2.6t₦2.9t₦177.5b13x14.9x0.9x
Fri, 23 Dec 2022₦2.4t₦2.9t₦174.7b13.3x13.5x0.8x
Sun, 20 Nov 2022₦2.4t₦2.9t₦174.7b11.9x13.7x0.8x
Tue, 18 Oct 2022₦2.4t₦2.7t₦177.2b10.7x13.7x0.9x
Thu, 15 Sep 2022₦2.6t₦2.7t₦180.3b9.5x14.2x0.9x
Sat, 13 Aug 2022₦2.6t₦2.6t₦182.0b9.6x14.1x1x
Mon, 11 Jul 2022₦2.5t₦2.5t₦169.4b17.3x14.8x1x
Wed, 08 Jun 2022₦2.7t₦2.4t₦173.5b16.7x15.3x1.1x
Fri, 06 May 2022₦2.6t₦2.4t₦175.8b13.9x15x1.1x
Sun, 03 Apr 2022₦2.6t₦2.3t₦170.6b14.2x15.3x1.1x
Tue, 01 Mar 2022₦2.7t₦2.3t₦167.8b15.3x16.1x1.2x
Thu, 27 Jan 2022₦2.7t₦2.2t₦177.3b16.1x15.4x1.3x
Sat, 25 Dec 2021₦1.6t₦1.8t₦92.0b14.6x17x0.9x
Mon, 22 Nov 2021₦1.5t₦1.8t₦92.0b14.6x16.8x0.9x
Wed, 20 Oct 2021₦1.6t₦1.7t₦101.1b16.5x15.6x0.9x
Fri, 17 Sep 2021₦1.6t₦1.7t₦100.8b15.5x15.5x0.9x
Sun, 15 Aug 2021₦1.7t₦1.7t₦101.7b13.3x16.3x1x
Thu, 10 Jun 2021₦1.5t₦1.6t₦103.0b14.6x14.8x1x
Price to Earnings Ratio

14.6x


Total Market Cap: ₦1.5tTotal Earnings: ₦103.0bTotal Revenue: ₦1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Packaged Foods and Meats Industry Price to Earnings3Y Average 20.2x202220232024
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 98.1x which is higher than its 3-year average PE of 20.1x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Packaged Foods and Meats industry have declined 8.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 31% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

NG Market0.28%
Consumer Staples-0.94%
Food-0.91%
Packaged Foods and Meats-0.96%
Agricultural Products0%
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
FLOURMILL Flour Mills of Nigeria₦39.003.4%
+₦5.3b
25.8%PE8.5x
UACN UAC of Nigeria₦13.757.0%
+₦2.6b
57.1%PE5x
ELLAHLAKES Ellah Lakes₦3.7019.4%
+₦1.7b
-6.6%PB0.5x
HONYFLOUR Honeywell Flour Mills₦3.904.3%
+₦1.3b
75.7%PE20.2x
NESTLE Nestlé Nigeria₦900.100.01%
+₦79.3m
-16.7%PS1.3x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

HONYFLOUR

₦3.90

Honeywell Flour Mills

7D

4.3%

1Y

75.7%

DANGSUGAR

₦52.00

Dangote Sugar Refinery

7D

-11.9%

1Y

209.5%

NASCON

₦52.55

Nascon Allied Industries

7D

-0.8%

1Y

318.8%

NESTLE

₦900.10

Nestlé Nigeria

7D

0.01%

1Y

-16.7%

UACN

₦13.75

UAC of Nigeria

7D

7.0%

1Y

57.1%

FLOURMILL

₦39.00

Flour Mills of Nigeria

7D

3.4%

1Y

25.8%

ELLAHLAKES

₦3.70

Ellah Lakes

7D

19.4%

1Y

-6.6%

NNFM

₦48.30

Northern Nigeria Flour Mills

7D

-10.0%

1Y

339.1%

FTNCOCOA

₦1.60

FTN Cocoa Processors

7D

-9.1%

1Y

515.4%