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Has the New Zealand Food Industry valuation changed over the past few years?
|Fri, 03 Dec 2021||NZ$12.8b||NZ$27.1b||NZ$661.5m||55x|
|Sun, 31 Oct 2021||NZ$13.4b||NZ$27.1b||NZ$664.9m||15x|
|Tue, 28 Sep 2021||NZ$13.4b||NZ$27.1b||NZ$748.7m||13.2x|
|Thu, 26 Aug 2021||NZ$12.8b||NZ$26.3b||NZ$758.7m||12.7x|
|Fri, 02 Jul 2021||NZ$14.0b||NZ$26.3b||NZ$758.7m||13x|
|Mon, 05 Apr 2021||NZ$17.3b||NZ$26.5b||NZ$872.8m||15.1x|
|Thu, 07 Jan 2021||NZ$19.5b||NZ$26.9b||NZ$1.2b||21.9x|
|Wed, 30 Sep 2020||NZ$21.0b||NZ$27.0b||NZ$1.4b||21.1x|
|Sat, 04 Jul 2020||NZ$24.5b||NZ$26.6b||NZ$1.0b||17.4x|
|Tue, 07 Apr 2020||NZ$22.1b||NZ$26.4b||NZ$1.0b||15.6x|
|Fri, 10 Jan 2020||NZ$21.7b||NZ$25.8b||NZ$736.8m||20.8x|
|Thu, 03 Oct 2019||NZ$19.5b||NZ$25.3b||NZ$461.3m||19.5x|
|Sun, 07 Jul 2019||NZ$21.2b||NZ$25.8b||NZ$350.5m||19.1x|
|Wed, 10 Apr 2019||NZ$22.0b||NZ$25.7b||NZ$701.4m||26.8x|
|Tue, 01 Jan 2019||NZ$19.9b||NZ$25.8b||NZ$457.2m||22.2x|
Current Industry PE: There are only 3 profitable companies in this industry, so there is insufficient data to make an industry-wide assessment of PE.
Past Earnings Growth: The earnings for companies in the Food industry have grown 14% per year over the last three years, while revenues have remained mostly flat. This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Which industries have driven the changes within the New Zealand Food industry?
|Packaged Foods and Meats||-3.03%|
Industry PE: Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 20.8x. However analysts are expecting annual earnings growth of 7.2%, which is lower than the prior year's growth of 29% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Packaged Foods and Meats industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 18.1x.
Forecasted Growth: Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 29% over the next 5 years. This is better than its past earnings decline of 27% per year. Meanwhile, the Agricultural Products industry is expected to see its earnings grow by 7.2% per year over the next few years.
New Zealand King Salmon Investments