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Norwegian (OSEAX) Food Industry Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies28
- 7D-0.3%
- 3M-1.4%
- 1Y12.7%
- YTD6.6%
Over the last 7 days, the Food industry has remained flat. The past year has been better, since the industry has gained 13% in that time. Looking forward, earnings are forecast to grow by 42% annually.
Industry Valuation and Performance
Has the Norwegian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | kr370.7b | kr252.9b | kr9.6b | 49.1x | 38.5x | 1.5x |
| Mon, 30 Oct 2023 | kr347.4b | kr250.5b | kr11.0b | 35.7x | 31.4x | 1.4x |
| Wed, 27 Sep 2023 | kr366.5b | kr245.9b | kr10.9b | 36.6x | 33.7x | 1.5x |
| Fri, 25 Aug 2023 | kr364.8b | kr244.1b | kr18.5b | 16.3x | 19.7x | 1.5x |
| Sun, 23 Jul 2023 | kr357.4b | kr239.4b | kr26.8b | 13.8x | 13.3x | 1.5x |
| Tue, 20 Jun 2023 | kr358.9b | kr239.7b | kr27.4b | 14.9x | 13.1x | 1.5x |
| Thu, 18 May 2023 | kr379.7b | kr237.9b | kr27.5b | 15.6x | 13.8x | 1.6x |
| Sat, 15 Apr 2023 | kr375.7b | kr225.7b | kr25.2b | 18.4x | 14.9x | 1.7x |
| Mon, 13 Mar 2023 | kr345.4b | kr225.1b | kr25.1b | 16.9x | 13.7x | 1.5x |
| Wed, 08 Feb 2023 | kr367.6b | kr215.2b | kr26.5b | 16.4x | 13.8x | 1.7x |
| Fri, 06 Jan 2023 | kr354.4b | kr213.5b | kr26.3b | 14.8x | 13.5x | 1.7x |
| Sun, 04 Dec 2022 | kr322.8b | kr209.7b | kr25.9b | 13.3x | 12.4x | 1.5x |
| Tue, 01 Nov 2022 | kr309.1b | kr201.8b | kr24.9b | 14x | 12.4x | 1.5x |
| Thu, 29 Sep 2022 | kr306.4b | kr202.6b | kr25.1b | 14.6x | 12.2x | 1.5x |
| Sat, 27 Aug 2022 | kr422.0b | kr195.9b | kr23.1b | 25.8x | 18.3x | 2.2x |
| Mon, 25 Jul 2022 | kr444.9b | kr191.6b | kr19.0b | 27x | 23.5x | 2.3x |
| Wed, 22 Jun 2022 | kr435.6b | kr190.5b | kr18.1b | 26.7x | 24.1x | 2.3x |
| Fri, 20 May 2022 | kr439.6b | kr189.4b | kr18.5b | 21.1x | 23.8x | 2.3x |
| Sun, 17 Apr 2022 | kr469.3b | kr178.3b | kr18.0b | 26.3x | 26.1x | 2.6x |
| Tue, 15 Mar 2022 | kr426.0b | kr180.2b | kr18.4b | 20.9x | 23.1x | 2.4x |
| Thu, 10 Feb 2022 | kr444.8b | kr172.2b | kr15.4b | 31.4x | 29x | 2.6x |
| Sat, 08 Jan 2022 | kr413.4b | kr171.8b | kr15.4b | 27.1x | 26.8x | 2.4x |
| Mon, 06 Dec 2021 | kr398.6b | kr173.2b | kr15.6b | 26.5x | 25.5x | 2.3x |
| Wed, 03 Nov 2021 | kr450.4b | kr163.5b | kr15.6b | 35.1x | 28.8x | 2.8x |
| Fri, 01 Oct 2021 | kr422.8b | kr164.7b | kr15.8b | 32.3x | 26.8x | 2.6x |
| Sun, 29 Aug 2021 | kr439.5b | kr165.2b | kr15.9b | 30.1x | 27.6x | 2.7x |
| Mon, 05 Jul 2021 | kr433.2b | kr165.3b | kr15.9b | 28.3x | 27.2x | 2.6x |
| Thu, 08 Apr 2021 | kr422.3b | kr159.9b | kr14.4b | 29.1x | 29.4x | 2.6x |
| Sun, 10 Jan 2021 | kr391.7b | kr161.6b | kr8.6b | 45.4x | 45.7x | 2.4x |
Price to Earnings Ratio
27x
Current Industry PE
- Investors are optimistic on the Norwegian Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 38.5x which is higher than its 3-year average PE of 24.6x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% 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 Trends
Which industries have driven the changes within the Norwegian Consumer Staples industry?
| NO Market | -0.88% | |
| Consumer Staples | -0.25% | |
| Food | -0.25% | |
| Agricultural Products | 0% | |
| Packaged Foods and Meats | -0.25% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 24.2x.
- Analysts are expecting annual earnings growth of 42.4%, which is higher than its past year's earnings decline of 72.8% per year.
- Investors are most pessimistic about the Packaged Foods and Meats industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 24.2x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 73% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 42% 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 | |
|---|---|---|---|---|---|
| ORK Orkla | kr80.32 | 1.2% +kr917.8m | 15.0% | PE15x | |
| SALM SalMar | kr593.40 | 0.4% +kr289.2m | 71.5% | PE81.4x | |
| MAS Måsøval | kr25.70 | 1.2% +kr36.8m | -13.5% | PS1.5x | |
| GIGA Gigante Salmon | kr7.38 | 2.2% +kr21.5m | 5.7% | PE827.2x | |
| KING Kingfish | kr8.40 | 1.0% +kr8.9m | -24.0% | PS3.7x |
