We Think Cloetta's (STO:CLA B) Robust Earnings Are Conservative
Jul 20
Swedish (OMX) Food Industry Analysis
UpdatedJul 20, 2024
DataAggregated Company Financials
Companies11
- 7D-3.1%
- 3M16.7%
- 1Y42.0%
- YTD29.8%
Over the last 7 days, the Food industry has dropped 2.6%, driven by AAK AB (publ.) declining 3.7%. Meanwhile, Cloetta actually outperformed within the industry, gaining 9.5% in the last week. This takes the industry's 12 month performance to a gain of 48%. As for the next few years, earnings are expected to grow by 8.7% per annum.
Industry Valuation and Performance
Has the Swedish Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 20 Jul 2024 | SEK 91.3b | SEK 71.6b | SEK 4.1b | 22.6x | 22x | 1.3x |
| Mon, 17 Jun 2024 | SEK 93.9b | SEK 71.7b | SEK 3.9b | 21.2x | 24x | 1.3x |
| Wed, 15 May 2024 | SEK 87.6b | SEK 71.8b | SEK 3.9b | 20.1x | 22.4x | 1.2x |
| Fri, 12 Apr 2024 | SEK 79.3b | SEK 73.0b | SEK 3.5b | 20.3x | 22.3x | 1.1x |
| Sun, 10 Mar 2024 | SEK 70.7b | SEK 73.0b | SEK 3.5b | 18.4x | 20x | 1x |
| Tue, 06 Feb 2024 | SEK 72.3b | SEK 75.5b | SEK 3.0b | 19.8x | 23.7x | 1x |
| Thu, 04 Jan 2024 | SEK 70.1b | SEK 75.4b | SEK 2.9b | 18.6x | 24.2x | 0.9x |
| Sat, 02 Dec 2023 | SEK 68.1b | SEK 75.4b | SEK 2.9b | 18.1x | 23.5x | 0.9x |
| Mon, 30 Oct 2023 | SEK 64.9b | SEK 75.4b | SEK 2.9b | 17.2x | 22.5x | 0.9x |
| Wed, 27 Sep 2023 | SEK 62.1b | SEK 76.6b | SEK 2.2b | 17.5x | 28.4x | 0.8x |
| Fri, 25 Aug 2023 | SEK 61.9b | SEK 76.6b | SEK 2.2b | 17.6x | 28.4x | 0.8x |
| Sun, 23 Jul 2023 | SEK 64.1b | SEK 76.3b | SEK 2.1b | 20.3x | 30.5x | 0.8x |
| Tue, 20 Jun 2023 | SEK 63.5b | SEK 77.3b | SEK 1.5b | 26.7x | 42.7x | 0.8x |
| Thu, 18 May 2023 | SEK 67.9b | SEK 77.3b | SEK 1.5b | 28x | 45.2x | 0.9x |
| Sat, 15 Apr 2023 | SEK 65.0b | SEK 75.3b | SEK 1.3b | 27.8x | 48.8x | 0.9x |
| Mon, 13 Mar 2023 | SEK 57.2b | SEK 75.4b | SEK 1.3b | 26.1x | 43x | 0.8x |
| Wed, 08 Feb 2023 | SEK 58.9b | SEK 74.8b | SEK 1.4b | 32.8x | 42.5x | 0.8x |
| Fri, 06 Jan 2023 | SEK 59.7b | SEK 71.6b | SEK 1.4b | 33.8x | 42.6x | 0.8x |
| Sun, 04 Dec 2022 | SEK 57.9b | SEK 71.6b | SEK 1.4b | 34.1x | 41.3x | 0.8x |
| Tue, 01 Nov 2022 | SEK 53.3b | SEK 71.7b | SEK 1.4b | 32.2x | 38.1x | 0.7x |
| Thu, 29 Sep 2022 | SEK 49.6b | SEK 66.8b | SEK 1.7b | 42.7x | 29.1x | 0.7x |
| Sat, 27 Aug 2022 | SEK 54.1b | SEK 66.7b | SEK 1.7b | 49.1x | 31.5x | 0.8x |
| Mon, 25 Jul 2022 | SEK 59.6b | SEK 66.3b | SEK 1.8b | 43.7x | 33.6x | 0.9x |
| Wed, 22 Jun 2022 | SEK 53.1b | SEK 61.7b | SEK 1.9b | 26.6x | 27.3x | 0.9x |
| Fri, 20 May 2022 | SEK 54.4b | SEK 61.7b | SEK 1.9b | 36.2x | 28.1x | 0.9x |
| Sun, 17 Apr 2022 | SEK 60.4b | SEK 53.9b | SEK 1.9b | 27.8x | 32.6x | 1.1x |
| Tue, 15 Mar 2022 | SEK 54.3b | SEK 53.9b | SEK 1.9b | 25.6x | 29.4x | 1x |
| Thu, 10 Feb 2022 | SEK 58.7b | SEK 53.8b | SEK 1.8b | 20.8x | 32.3x | 1.1x |
| Sat, 08 Jan 2022 | SEK 62.3b | SEK 50.5b | SEK 1.7b | 22.8x | 36x | 1.2x |
| Mon, 06 Dec 2021 | SEK 59.1b | SEK 50.5b | SEK 1.7b | 23.2x | 34.1x | 1.2x |
| Wed, 03 Nov 2021 | SEK 61.7b | SEK 50.4b | SEK 1.8b | 27.2x | 33.5x | 1.2x |
| Fri, 01 Oct 2021 | SEK 62.6b | SEK 48.2b | SEK 1.7b | 26.2x | 36.6x | 1.3x |
| Sun, 29 Aug 2021 | SEK 68.3b | SEK 48.2b | SEK 1.7b | 25.8x | 39.9x | 1.4x |
Price to Earnings Ratio
39.6x
Current Industry PE
- Investors are pessimistic on the Swedish 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 23.8x which is lower than its 3-year average PE of 32.7x.
- The 3-year average PS ratio of 0.98x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 14% 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 Swedish Consumer Staples industry?
| SE Market | -1.84% | |
| Consumer Staples | 3.39% | |
| Food | -3.13% | |
| Agricultural Products | 4.49% | |
| Packaged Foods and Meats | -3.14% | |
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 32.1x.
- Analysts are expecting annual earnings growth of 8.7%, which is lower than the prior year's growth of 44.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 8.7% over the next 5 years.
- However this is lower than its past earnings growth rate of 45% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 8.7% 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 | |
|---|---|---|---|---|---|
| CLA B Cloetta | SEK 22.80 | 3.4% +SEK 211.7m | 18.9% | PE13.4x | |
| MSON B Midsona | SEK 11.20 | 7.7% +SEK 116.3m | 49.3% | PE407.2x | |
| SKMO Skåne-möllan | SEK 54.00 | 3.8% +SEK 22.0m | -42.9% | PE41.3x | |
| CHEF Cheffelo | SEK 25.80 | 2.8% +SEK 8.9m | 148.1% | PE17.8x | |
| AGTIRA B Agtira | SEK 3.26 | 4.5% +SEK 3.9m | -73.3% | PS2.8x |
