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Norwegian (OSEAX) Food Industry Analysis

UpdatedSep 07, 2024
DataAggregated Company Financials
Companies26
  • 7D-0.3%
  • 3M-0.2%
  • 1Y5.3%
  • YTD7.4%

Over the last 7 days, the Food industry has remained flat, although notably Orkla gained 3.5%. The past year has been better, since the industry has gained 5.3% in that time. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Sep 2024NOK 382.6bNOK 257.7bNOK 17.7b17x21.6x1.5x
Tue, 06 Aug 2024NOK 371.2bNOK 258.4bNOK 10.7b38.5x34.6x1.4x
Thu, 04 Jul 2024NOK 363.7bNOK 253.3bNOK 9.9b37.8x36.7x1.4x
Sat, 01 Jun 2024NOK 384.7bNOK 253.4bNOK 10.2b40.9x37.8x1.5x
Mon, 29 Apr 2024NOK 381.1bNOK 254.5bNOK 13.2b32.1x28.8x1.5x
Wed, 27 Mar 2024NOK 394.3bNOK 253.5bNOK 13.4b31.9x29.5x1.6x
Fri, 23 Feb 2024NOK 378.5bNOK 246.9bNOK 12.2b33.3x31x1.5x
Sun, 21 Jan 2024NOK 377.9bNOK 251.6bNOK 9.6b48.4x39.4x1.5x
Tue, 19 Dec 2023NOK 352.6bNOK 251.2bNOK 9.6b46.6x36.8x1.4x
Thu, 16 Nov 2023NOK 363.6bNOK 253.2bNOK 11.8b40.7x30.9x1.4x
Sat, 14 Oct 2023NOK 365.6bNOK 246.4bNOK 10.9b36.9x33.6x1.5x
Mon, 11 Sep 2023NOK 368.5bNOK 245.8bNOK 10.9b36.5x33.8x1.5x
Wed, 09 Aug 2023NOK 353.0bNOK 239.9bNOK 26.9b13.4x13.1x1.5x
Fri, 07 Jul 2023NOK 344.3bNOK 239.9bNOK 27.4b14.8x12.6x1.4x
Sun, 04 Jun 2023NOK 377.5bNOK 240.7bNOK 27.6b15.1x13.7x1.6x
Tue, 02 May 2023NOK 392.7bNOK 208.1bNOK 26.0b15.2x15.1x1.9x
Thu, 30 Mar 2023NOK 356.1bNOK 225.0bNOK 25.1b17.6x14.2x1.6x
Sat, 25 Feb 2023NOK 342.0bNOK 222.7bNOK 25.0b16.8x13.7x1.5x
Mon, 23 Jan 2023NOK 360.4bNOK 213.0bNOK 26.3b15.6x13.7x1.7x
Wed, 21 Dec 2022NOK 335.4bNOK 211.8bNOK 26.1b13.6x12.9x1.6x
Fri, 18 Nov 2022NOK 322.0bNOK 209.2bNOK 26.0b12.9x12.4x1.5x
Sun, 16 Oct 2022NOK 292.8bNOK 202.5bNOK 24.9b12.2x11.7x1.4x
Tue, 13 Sep 2022NOK 411.4bNOK 199.5bNOK 24.5b17.6x16.8x2.1x
Thu, 11 Aug 2022NOK 438.2bNOK 190.1bNOK 18.8b26.4x23.3x2.3x
Sat, 09 Jul 2022NOK 455.9bNOK 189.7bNOK 18.6b27.8x24.5x2.4x
Mon, 06 Jun 2022NOK 438.5bNOK 189.2bNOK 18.0b27.1x24.4x2.3x
Wed, 04 May 2022NOK 480.2bNOK 180.7bNOK 17.5b26.8x27.4x2.7x
Fri, 01 Apr 2022NOK 451.3bNOK 179.3bNOK 18.4b23x24.6x2.5x
Sun, 27 Feb 2022NOK 435.7bNOK 180.6bNOK 18.5b21.4x23.6x2.4x
Tue, 25 Jan 2022NOK 402.4bNOK 172.9bNOK 15.4b26.6x26.1x2.3x
Thu, 23 Dec 2021NOK 406.7bNOK 171.9bNOK 15.5b26.2x26.3x2.4x
Sat, 20 Nov 2021NOK 437.1bNOK 171.3bNOK 15.4b29.6x28.3x2.6x
Mon, 18 Oct 2021NOK 434.4bNOK 162.9bNOK 15.6b33.6x27.9x2.7x
Wed, 15 Sep 2021NOK 428.1bNOK 165.2bNOK 15.9b28.7x26.9x2.6x
Price to Earnings Ratio

26.9x


Total Market Cap: NOK 428.1bTotal Earnings: NOK 15.9bTotal Revenue: NOK 165.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Food Industry Price to Earnings3Y Average 24.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Norwegian Food 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 21.6x which is lower than its 3-year average PE of 24.7x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 3.7% 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 Trends

Which industries have driven the changes within the Norwegian Consumer Staples industry?

NO Market-3.77%
Consumer Staples-0.27%
Food-0.27%
Agricultural Products0%
Packaged Foods and Meats-0.27%
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 24.5x.
    • Analysts are expecting annual earnings growth of 26.0%, which is lower than the prior year's growth of 61.2% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 24.5x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 26% over the next 5 years.
  • However this is lower than its past earnings growth rate of 61% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 26% 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
ORK OrklaNOK 97.503.5%
+NOK 3.3b		21.0%PE16.1x
BAKKA P/F BakkafrostNOK 585.001.8%
+NOK 622.2m		9.6%PE24.1x
GSF Grieg SeafoodNOK 53.956.8%
+NOK 386.9m		-31.1%PS0.9x
MAS MåsøvalNOK 31.302.0%
+NOK 73.5m		17.7%PE8.1x
NOAP Nordic Aqua PartnersNOK 94.501.6%
+NOK 24.5m		34.0%PS27.8x
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