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Australian (ASX) Food Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies28
  • 7D-0.2%
  • 3M-5.0%
  • 1Y5.9%
  • YTD2.0%

Last week, the Food industry hasn't moved much but Ricegrowers is up 5.3% in that time. As for the the longer term, the industry is up 5.9% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025AU$10.3bAU$15.0bAU$347.2m15.2x29.6x0.7x
Thu, 13 Nov 2025AU$10.5bAU$15.4bAU$311.2m15.7x33.7x0.7x
Sat, 11 Oct 2025AU$10.4bAU$15.4bAU$311.2m15.2x33.4x0.7x
Mon, 08 Sep 2025AU$10.2bAU$15.4bAU$311.0m13.8x32.9x0.7x
Wed, 06 Aug 2025AU$9.7bAU$15.4bAU$283.2m24.8x34.2x0.6x
Fri, 04 Jul 2025AU$9.3bAU$15.5bAU$241.7m23.7x38.6x0.6x
Sun, 01 Jun 2025AU$9.3bAU$15.5bAU$233.9m23.6x39.6x0.6x
Tue, 29 Apr 2025AU$8.9bAU$15.4bAU$211.9m25.5x42x0.6x
Thu, 27 Mar 2025AU$9.0bAU$15.2bAU$237.4m27.4x38x0.6x
Sat, 22 Feb 2025AU$9.3bAU$15.1bAU$139.3m24.3x66.5x0.6x
Mon, 20 Jan 2025AU$9.3bAU$15.1bAU$127.7m23.7x73.1x0.6x
Wed, 18 Dec 2024AU$8.8bAU$15.1bAU$122.7m22.7x71.7x0.6x
Fri, 15 Nov 2024AU$8.7bAU$14.8b-AU$23,029,320.7521.4x-375.9x0.6x
Sun, 13 Oct 2024AU$8.6bAU$14.8b-AU$22,799,534.6620.4x-377.8x0.6x
Tue, 10 Sep 2024AU$8.3bAU$15.0b-AU$80,457,078.1017.7x-102.9x0.6x
Thu, 08 Aug 2024AU$8.1bAU$14.8b-AU$342,545,622.9516.3x-23.8x0.6x
Sat, 06 Jul 2024AU$8.0bAU$14.8b-AU$344,305,619.0315.9x-23.3x0.5x
Mon, 03 Jun 2024AU$8.0bAU$14.7b-AU$436,896,788.4415.7x-18.4x0.5x
Wed, 01 May 2024AU$8.0bAU$15.0b-AU$461,045,195.7615.2x-17.4x0.5x
Fri, 29 Mar 2024AU$8.4bAU$15.0b-AU$461,047,253.2116.7x-18.2x0.6x
Sun, 25 Feb 2024AU$9.6bAU$16.4b-AU$472,569,494.2415.6x-20.4x0.6x
Tue, 23 Jan 2024AU$12.3bAU$18.5b-AU$499,275,291.0020.4x-24.7x0.7x
Thu, 21 Dec 2023AU$11.9bAU$18.5b-AU$498,220,660.0020.9x-23.9x0.6x
Sat, 18 Nov 2023AU$11.7bAU$18.4b-AU$495,969,785.0024.1x-23.6x0.6x
Mon, 16 Oct 2023AU$11.2bAU$18.7b-AU$318,409,107.0022.9x-35.1x0.6x
Wed, 13 Sep 2023AU$11.1bAU$18.7b-AU$317,152,739.0023.8x-35.1x0.6x
Fri, 11 Aug 2023AU$11.5bAU$18.1b-AU$71,760,666.0032.1x-159.6x0.6x
Sun, 09 Jul 2023AU$11.2bAU$18.1b-AU$71,934,065.0032.8x-155.3x0.6x
Tue, 06 Jun 2023AU$10.9bAU$18.0b-AU$75,942,511.0028.2x-143.3x0.6x
Thu, 04 May 2023AU$11.4bAU$17.8bAU$227.7m26.9x50x0.6x
Sat, 01 Apr 2023AU$11.6bAU$17.8bAU$227.6m26.1x50.9x0.7x
Mon, 27 Feb 2023AU$11.5bAU$17.7bAU$242.1m20.3x47.6x0.7x
Wed, 25 Jan 2023AU$11.9bAU$17.2bAU$328.3m13.8x36.1x0.7x
Fri, 23 Dec 2022AU$11.6bAU$17.2bAU$328.1m14.3x35.5x0.7x
Price to Earnings Ratio

35.5x


Total Market Cap: AU$11.6bTotal Earnings: AU$328.1mTotal Revenue: AU$17.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -19.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Australian 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 29.6x which is higher than its 3-year average PE of -19.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
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 declined 4.5% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

AU Market0.56%
Consumer Staples-0.06%
Food-0.25%
Packaged Foods and Meats0.41%
Agricultural Products-1.52%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 48.1x.
    • Analysts are expecting annual earnings growth of 21.2%, which is lower than the prior year's growth of 33.9% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 57.5x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 34% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 9.1% 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
SGLLV RicegrowersAU$16.855.3%
+AU$57.9m		61.2%PE16.8x
BGA Bega CheeseAU$6.071.7%
+AU$30.5m		14.5%PS0.5x
SHV Select HarvestsAU$4.964.2%
+AU$28.4m		18.7%PE22.1x
AAC Australian AgriculturalAU$1.452.1%
+AU$18.1m		5.8%PE15.2x
SPG SPC Global HoldingsAU$0.396.8%
+AU$4.8m		n/aPS0.2x

Latest News

SGLLV
AU$16.85
Ricegrowers
7D
5.3%
1Y
61.2%

SGLLV: Index Additions And Stable Outlook Will Support Future Earnings

Analysts have slightly revised their price target on Ricegrowers to $17.75, reflecting unchanged assumptions for fair value, discount rate, revenue growth, profit margin, and future valuation multiples, and signaling steady confidence in the company’s earnings outlook. What's in the News Ricegrowers Limited (ASX:SGLLV) has been added to the S&P/ASX 300 Index, broadening its exposure to institutional investors and index-tracking funds (Index Constituent Adds) The company has also been included in the S&P/ASX Small Ordinaries Index, reinforcing its profile among small-cap Australian equities (Index Constituent Adds) Valuation Changes The consensus analyst price target remains unchanged at A$17.75, indicating no revision to the estimated fair value of Ricegrowers.
PFT
AU$0.031
Pure Foods Tasmania
7D
0%
1Y
n/a
BUB
AU$0.14
Bubs Australia
7D
-3.4%
1Y
40.0%
ING
AU$2.42
Inghams Group
7D
-4.0%
1Y
-23.7%

ING: Higher Revenue Outlook Will Likely Drive Share Price Momentum

Analysts have lowered their price target for Inghams Group from $2.99 to $2.79. They cite updated forecasts that reflect slightly lower profit margins and a more conservative discount rate, even though projections for revenue growth have improved.
SEA
AU$2.54
Sea Forest
7D
-5.9%
1Y
n/a
SHV
AU$4.96
Select Harvests
7D
4.2%
1Y
18.7%
DAI
AU$0.56
Decidr AI Industries
7D
-5.1%
1Y
-30.9%
RIC
AU$2.58
Ridley
7D
-2.6%
1Y
-3.7%

Ridley (ASX:RIC) Hasn't Managed To Accelerate Its Returns

Nov 24
Ridley (ASX:RIC) Hasn't Managed To Accelerate Its Returns
ELD
AU$7.04
Elders
7D
-1.3%
1Y
-5.5%

Elders' (ASX:ELD) Solid Profits Have Weak Fundamentals

Nov 23
Elders' (ASX:ELD) Solid Profits Have Weak Fundamentals
AAC
AU$1.45
Australian Agricultural
7D
2.1%
1Y
5.8%
BGA
AU$6.07
Bega Cheese
7D
1.7%
1Y
14.5%

Bega Cheese Limited (ASX:BGA) Looks Inexpensive But Perhaps Not Attractive Enough

Nov 11
Bega Cheese Limited (ASX:BGA) Looks Inexpensive But Perhaps Not Attractive Enough
DBF
AU$0.77
Duxton Farms
7D
-6.1%
1Y
-44.6%
MCA
AU$1.00
Murray Cod Australia
7D
-4.8%
1Y
-31.0%
SFG
AU$0.0025
Seafarms Group
7D
25.0%
1Y
-16.7%
SPG
AU$0.39
SPC Global Holdings
7D
6.8%
1Y
n/a
AHF
AU$0.038
Australian Dairy Nutritionals
7D
8.6%
1Y
-13.6%