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U.S. Food Industry Analysis

UpdatedJul 29, 2024
DataAggregated Company Financials
Companies133
  • 7D0.4%
  • 3M-3.2%
  • 1Y-10.6%
  • YTD-3.7%

The Food industry has been flat over the last week, but Lamb Weston Holdings has lost 29%. Unfortunately though, the industry is down 11% over the past 12 months. As for the next few years, earnings are expected to grow by 9.8% per annum.

Industry Valuation and Performance

Has the U.S. Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jul 2024US$469.4bUS$467.0bUS$23.7b18.9x19.8x1x
Wed, 26 Jun 2024US$468.4bUS$473.8bUS$25.1b14.9x18.6x1x
Fri, 24 May 2024US$488.0bUS$474.0bUS$24.3b17.2x20.1x1x
Sun, 21 Apr 2024US$477.9bUS$472.7bUS$24.8b16.6x19.3x1x
Tue, 19 Mar 2024US$477.6bUS$473.1bUS$24.5b15x19.5x1x
Thu, 15 Feb 2024US$464.6bUS$478.9bUS$25.2b14.5x18.4x1x
Sat, 13 Jan 2024US$494.7bUS$490.0bUS$25.4b15.9x19.5x1x
Mon, 11 Dec 2023US$487.1bUS$490.0bUS$25.5b16.4x19.1x1x
Wed, 08 Nov 2023US$470.8bUS$490.1bUS$26.4b16.1x17.8x1x
Fri, 06 Oct 2023US$470.0bUS$494.5bUS$26.4b17.1x17.8x1x
Sun, 03 Sep 2023US$508.2bUS$491.0bUS$26.4b16x19.2x1x
Tue, 01 Aug 2023US$546.3bUS$493.7bUS$26.3b17.7x20.8x1.1x
Thu, 29 Jun 2023US$538.3bUS$499.4bUS$26.6b17.2x20.2x1.1x
Sat, 27 May 2023US$556.0bUS$499.2bUS$27.6b18.2x20.1x1.1x
Mon, 24 Apr 2023US$565.2bUS$495.6bUS$28.2b18.6x20x1.1x
Wed, 22 Mar 2023US$541.9bUS$493.7bUS$27.9b16.4x19.4x1.1x
Fri, 17 Feb 2023US$542.9bUS$492.3bUS$27.9b18.5x19.5x1.1x
Sun, 15 Jan 2023US$563.9bUS$486.7bUS$28.1b18.8x20.1x1.2x
Tue, 13 Dec 2022US$569.3bUS$485.2bUS$27.7b19.5x20.6x1.2x
Thu, 10 Nov 2022US$550.8bUS$484.0bUS$28.6b20.4x19.3x1.1x
Sat, 08 Oct 2022US$508.7bUS$472.6bUS$29.0b18.4x17.5x1.1x
Mon, 05 Sep 2022US$542.3bUS$471.5bUS$28.8b19.5x18.8x1.2x
Wed, 03 Aug 2022US$550.5bUS$465.1bUS$29.3b16.8x18.8x1.2x
Fri, 01 Jul 2022US$534.2bUS$455.5bUS$28.4b17.5x18.8x1.2x
Sun, 29 May 2022US$553.3bUS$454.6bUS$28.1b19.2x19.7x1.2x
Tue, 26 Apr 2022US$583.1bUS$439.0bUS$25.9b26x22.5x1.3x
Thu, 24 Mar 2022US$544.0bUS$439.1bUS$25.9b24.4x21x1.2x
Sat, 19 Feb 2022US$554.9bUS$436.0bUS$26.1b21.2x21.3x1.3x
Mon, 17 Jan 2022US$560.6bUS$421.0bUS$27.3b21.8x20.5x1.3x
Wed, 15 Dec 2021US$511.1bUS$419.5bUS$27.5b20.1x18.6x1.2x
Fri, 12 Nov 2021US$524.4bUS$415.9bUS$26.9b23.7x19.5x1.3x
Sun, 10 Oct 2021US$514.3bUS$403.5bUS$26.1b21.9x19.7x1.3x
Tue, 07 Sep 2021US$508.2bUS$404.9bUS$25.6b18.1x19.8x1.3x
Thu, 05 Aug 2021US$516.1bUS$404.9bUS$26.0b18.6x19.8x1.3x
Price to Earnings Ratio

19.8x


Total Market Cap: US$516.1bTotal Earnings: US$26.0bTotal Revenue: US$404.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 19.5x202220232024
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 19.5x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 3.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.9% 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 U.S. Consumer Staples industry?

US Market-1.38%
Consumer Staples0.23%
Food0.42%
Agricultural Products0.72%
Packaged Foods and Meats0.38%
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 11.7%, 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 12.7x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 12% 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 2.1% 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
GIS General MillsUS$66.322.7%
+US$960.0m		-11.3%PE14.8x
KHC Kraft HeinzUS$33.361.6%
+US$655.7m		-7.8%PE14.4x
MKC McCormickUS$75.793.2%
+US$634.0m		-15.3%PE27.5x
TSN Tyson FoodsUS$61.012.5%
+US$534.0m		9.5%PS0.4x
HSY HersheyUS$193.531.2%
+US$453.0m		-16.3%PE18.9x
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