U.S. Food Industry Analysis
UpdatedJun 10, 2024
DataAggregated Company Financials
Companies132
- 7D-1.9%
- 3M-0.9%
- 1Y-11.1%
- YTD-4.1%
Over the last 7 days, the Food industry has dropped 1.9%, driven by Kraft Heinz declining 4.4%. Overall the industry is down 11% in 12 months. Earnings are forecast to grow by 9.5% annually.
Industry Valuation and Performance
Has the U.S. Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 11 Jun 2024 | US$467.4b | US$473.7b | US$25.1b | 14.9x | 18.6x | 1x |
| Thu, 09 May 2024 | US$485.5b | US$474.0b | US$24.3b | 15.7x | 20x | 1x |
| Sat, 06 Apr 2024 | US$482.4b | US$472.8b | US$24.8b | 15.8x | 19.5x | 1x |
| Mon, 04 Mar 2024 | US$471.7b | US$477.0b | US$24.9b | 14.9x | 18.9x | 1x |
| Wed, 31 Jan 2024 | US$489.8b | US$490.0b | US$25.5b | 16x | 19.2x | 1x |
| Fri, 29 Dec 2023 | US$493.1b | US$490.0b | US$25.5b | 16.6x | 19.3x | 1x |
| Sun, 26 Nov 2023 | US$484.7b | US$490.5b | US$25.6b | 16.1x | 18.9x | 1x |
| Tue, 24 Oct 2023 | US$452.6b | US$494.5b | US$26.4b | 16.4x | 17.2x | 0.9x |
| Thu, 21 Sep 2023 | US$507.3b | US$491.1b | US$26.4b | 18.5x | 19.2x | 1x |
| Sat, 19 Aug 2023 | US$519.9b | US$491.1b | US$26.4b | 16.3x | 19.7x | 1.1x |
| Mon, 17 Jul 2023 | US$537.7b | US$494.2b | US$26.2b | 17.1x | 20.5x | 1.1x |
| Wed, 14 Jun 2023 | US$550.8b | US$499.3b | US$26.7b | 16.9x | 20.6x | 1.1x |
| Fri, 12 May 2023 | US$579.0b | US$499.1b | US$27.7b | 18.9x | 20.9x | 1.2x |
| Sun, 09 Apr 2023 | US$564.6b | US$495.5b | US$28.2b | 18.2x | 20x | 1.1x |
| Tue, 07 Mar 2023 | US$543.1b | US$493.3b | US$28.1b | 17.7x | 19.3x | 1.1x |
| Thu, 02 Feb 2023 | US$551.5b | US$491.0b | US$27.9b | 18.6x | 19.8x | 1.1x |
| Sat, 31 Dec 2022 | US$561.8b | US$485.6b | US$27.6b | 18x | 20.3x | 1.2x |
| Mon, 28 Nov 2022 | US$570.9b | US$485.1b | US$27.7b | 19.1x | 20.6x | 1.2x |
| Wed, 26 Oct 2022 | US$540.2b | US$472.9b | US$29.0b | 20.3x | 18.6x | 1.1x |
| Fri, 23 Sep 2022 | US$531.9b | US$471.7b | US$29.0b | 19.5x | 18.4x | 1.1x |
| Sun, 21 Aug 2022 | US$566.1b | US$469.0b | US$29.0b | 19.1x | 19.5x | 1.2x |
| Tue, 19 Jul 2022 | US$526.1b | US$455.5b | US$28.2b | 17x | 18.6x | 1.2x |
| Thu, 16 Jun 2022 | US$519.5b | US$455.0b | US$28.1b | 17.4x | 18.5x | 1.1x |
| Sat, 14 May 2022 | US$571.4b | US$451.9b | US$27.8b | 19.2x | 20.6x | 1.3x |
| Mon, 11 Apr 2022 | US$577.1b | US$439.1b | US$25.9b | 26.4x | 22.3x | 1.3x |
| Wed, 09 Mar 2022 | US$556.3b | US$437.3b | US$26.1b | 22.7x | 21.3x | 1.3x |
| Fri, 04 Feb 2022 | US$550.5b | US$426.8b | US$27.2b | 20.6x | 20.2x | 1.3x |
| Sun, 02 Jan 2022 | US$541.1b | US$420.5b | US$27.5b | 20.8x | 19.7x | 1.3x |
| Tue, 30 Nov 2021 | US$511.7b | US$417.7b | US$27.5b | 21.5x | 18.6x | 1.2x |
| Thu, 28 Oct 2021 | US$518.4b | US$409.0b | US$26.3b | 22.8x | 19.7x | 1.3x |
| Sat, 25 Sep 2021 | US$512.3b | US$402.9b | US$26.2b | 21.7x | 19.5x | 1.3x |
| Mon, 23 Aug 2021 | US$522.7b | US$404.9b | US$26.0b | 18.2x | 20.1x | 1.3x |
| Sat, 10 Jul 2021 | US$541.2b | US$395.7b | US$25.3b | 20.7x | 21.4x | 1.4x |
Price to Earnings Ratio
21.4x
Current Industry PE
- Investors are relatively neutral on the American Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 19.6x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.99x.
Past Earnings Growth
- The earnings for companies in the Food industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 6.2% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the U.S. Consumer Staples industry?
| US Market | 0.84% | |
| Consumer Staples | -0.0016% | |
| Food | -1.92% | |
| Packaged Foods and Meats | -1.78% | |
| Agricultural Products | -2.79% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 21.7x.
- Analysts are expecting annual earnings growth of 11.4%, which is higher than its past year's earnings growth of 8.4% per year.
- Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 12.8x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings growth rate of 8.4% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings decline by 2.8% 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 | |
|---|---|---|---|---|---|
| SJM J. M. Smucker | US$113.60 | 1.7% +US$201.7m | -24.9% | PE16.2x | |
| ADM Archer-Daniels-Midland | US$61.95 | 0.2% +US$64.3m | -16.6% | PE10.1x | |
| BRCC BRC | US$6.16 | 8.5% +US$32.3m | 14.1% | PS1x | |
| SOWG Sow Good | US$23.68 | 12.7% +US$27.0m | 241.9% | PS8.8x | |
| INGR Ingredion | US$115.33 | 0.3% +US$26.3m | 7.2% | PE11.3x |
