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Australian (ASX) Food Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies27
  • 7D2.1%
  • 3M-7.8%
  • 1Y8.4%
  • YTD-7.3%

Cobram Estate Olives is up 4.3%, leading the way for the Food industry, which has gained 2.1%. In the same time, Select Harvests was down 6.4%. In the last 12 months, the industry was up 8.4%. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026AU$11.6bAU$22.7bAU$322.4m15.1x35.8x0.5x
Tue, 10 Mar 2026AU$10.8bAU$22.7bAU$310.7m17.8x34.7x0.5x
Thu, 05 Feb 2026AU$11.6bAU$22.3bAU$391.8m14x29.7x0.5x
Sat, 03 Jan 2026AU$10.9bAU$15.0bAU$351.9m15.2x31x0.7x
Mon, 01 Dec 2025AU$10.7bAU$15.5bAU$343.1m15.1x31.2x0.7x
Wed, 29 Oct 2025AU$10.4bAU$15.4bAU$311.2m15.9x33.5x0.7x
Fri, 26 Sep 2025AU$10.3bAU$15.4bAU$311.0m14.8x33.2x0.7x
Sun, 24 Aug 2025AU$10.1bAU$15.4bAU$257.6m16.3x39.2x0.7x
Tue, 22 Jul 2025AU$9.4bAU$15.5bAU$241.6m24.5x38.7x0.6x
Thu, 19 Jun 2025AU$9.4bAU$15.5bAU$237.6m23.6x39.5x0.6x
Sat, 17 May 2025AU$9.3bAU$15.4bAU$211.9m27x44.1x0.6x
Mon, 14 Apr 2025AU$8.8bAU$15.2bAU$237.4m24.7x37.1x0.6x
Wed, 12 Mar 2025AU$9.1bAU$15.2bAU$237.3m28.2x38.4x0.6x
Fri, 07 Feb 2025AU$9.4bAU$15.1bAU$127.8m24.5x73.2x0.6x
Sun, 05 Jan 2025AU$9.2bAU$15.1bAU$123.9m23.6x74.3x0.6x
Tue, 03 Dec 2024AU$8.8bAU$15.1bAU$122.8m23.6x71.2x0.6x
Thu, 31 Oct 2024AU$8.6bAU$14.8b-AU$22,959,220.8420.4x-374.3x0.6x
Sat, 28 Sep 2024AU$8.5bAU$14.8b-AU$27,008,095.1820.5x-316x0.6x
Mon, 26 Aug 2024AU$8.1bAU$14.9b-AU$348,691,226.9917.8x-23.2x0.5x
Wed, 24 Jul 2024AU$8.4bAU$14.8b-AU$344,558,070.9816x-24.3x0.6x
Fri, 21 Jun 2024AU$7.9bAU$14.7b-AU$342,753,502.3915.8x-22.9x0.5x
Sun, 19 May 2024AU$8.0bAU$15.0b-AU$402,789,539.2315.6x-19.8x0.5x
Tue, 16 Apr 2024AU$8.2bAU$15.0b-AU$461,160,665.6916.8x-17.7x0.5x
Thu, 14 Mar 2024AU$8.2bAU$15.0b-AU$460,874,806.1016.7x-17.8x0.5x
Sat, 10 Feb 2024AU$9.9bAU$16.2b-AU$480,427,286.3621x-20.6x0.6x
Mon, 08 Jan 2024AU$11.9bAU$18.5b-AU$498,858,864.0021x-23.9x0.6x
Wed, 06 Dec 2023AU$11.5bAU$18.4b-AU$520,750,387.0022.1x-22x0.6x
Fri, 03 Nov 2023AU$11.2bAU$18.7b-AU$319,463,222.0024.6x-35.1x0.6x
Sun, 01 Oct 2023AU$11.0bAU$18.7b-AU$317,344,448.0022.5x-34.6x0.6x
Tue, 29 Aug 2023AU$11.4bAU$18.7b-AU$238,409,258.0021.1x-47.9x0.6x
Thu, 27 Jul 2023AU$11.3bAU$18.1b-AU$71,944,167.0033x-157.4x0.6x
Sat, 24 Jun 2023AU$10.8bAU$18.0b-AU$76,032,172.0029.2x-141.7x0.6x
Mon, 22 May 2023AU$11.1bAU$18.0bAU$64.8m33.1x171.8x0.6x
Wed, 19 Apr 2023AU$11.5bAU$17.8bAU$227.7m26.4x50.4x0.6x
Price to Earnings Ratio

50.4x


Total Market Cap: AU$11.5bTotal Earnings: AU$227.7mTotal Revenue: AU$17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -20.5x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.8x which is higher than its 3-year average PE of -20.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.60x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 8.6% 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 Australian Consumer Staples industry?

AU Market4.32%
Consumer Staples0.10%
Food2.14%
Packaged Foods and Meats2.78%
Agricultural Products1.28%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 28.6x.
    • Analysts are expecting annual earnings growth of 13.8%, which is lower than the prior year's growth of 66.8% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 49.8x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 14% 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
CBO Cobram Estate OlivesAU$3.604.3%
+AU$76.0m		100.0%PE40.9x
ELD EldersAU$7.644.1%
+AU$64.3m		29.5%PE32.6x
BGA Bega CheeseAU$6.162.3%
+AU$44.0m		19.4%PE229.6x
RIC RidleyAU$2.743.8%
+AU$37.5m		7.9%PE13.9x
DAI Decidr AI IndustriesAU$0.5129.1%
+AU$37.0m		3.0%PS46.5x

Latest News

SPG
AU$0.35
SPC Global Holdings
7D
18.3%
1Y
-1.4%
RIC
AU$2.74
Ridley
7D
3.8%
1Y
7.9%

RIC: Dividend Momentum And Investor Day Will Support Bullish Outlook

Analysts have trimmed their Ridley price target from A$3.49 to A$3.30, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Ridley Corporation declared an interim dividend of A$0.051 per share, fully franked, for the six months ended December 31, 2025, with a cash outlay of about A$19.1m.
ELD
AU$7.64
Elders
7D
4.1%
1Y
29.5%

ELD: Analyst Day Insights Will Shape Balanced View On Earnings Resilience

Analysts have nudged their Elders price target higher to A$7.30, citing slightly stronger assumptions for long term revenue growth, profit margins and future P/E as the key drivers behind the updated view. What's in the News Elders held an Analyst/Investor Day, giving the market a chance to hear directly from management about the business and its outlook assumptions (Key Developments).
BUB
AU$0.10
Bubs Australia
7D
-4.5%
1Y
-12.5%
CBO
AU$3.60
Cobram Estate Olives
7D
4.3%
1Y
100.0%

CBO: Future Returns Will Reflect Steady Assumptions And Fairly Balanced Prospects

Analysts have kept their A$3.62 price target for Cobram Estate Olives unchanged. They cite steady assumptions around revenue growth, profit margins and a future P/E of about 36x as the key drivers of their view.
BGA
AU$6.16
Bega Cheese
7D
2.3%
1Y
19.4%

BGA: Future Return Will Rely On Rising Margin And Dividend Support

Analysts have increased their price target for Bega Cheese from A$6.48 to A$6.70, reflecting updated assumptions around revenue growth, profit margins and the stock’s future P/E profile. What's in the News Bega Cheese declared an ordinary fully franked dividend of A$0.07 per share for the six months ended 28 December 2025 (Key Developments) The dividend ex date is set for 24 February 2026, which is when the shares begin trading without entitlement to this A$0.07 payment (Key Developments) The record date is scheduled for 25 February 2026, defining which shareholders qualify for the declared dividend (Key Developments) The dividend payment date is set for 2 April 2026, providing a clear cash flow timing marker for income focused holders (Key Developments) Valuation Changes Fair Value increased from A$6.48 to A$6.70, a small upward adjustment in the assessed share valuation.
ING
AU$2.07
Inghams Group
7D
2.5%
1Y
-37.1%

ING: Dividend And Investor Day Will Support A More Attractive Future Profile

Analysts have slightly trimmed their price target on Inghams Group to A$2.47, reflecting small adjustments to assumptions for the discount rate, long term revenue growth, profit margins, and future P/E multiples. What's in the News Inghams Group scheduled an Analyst/Investor Day, giving the market a dedicated forum to hear management’s latest views and assumptions on the business (Key Developments).
SGLLV
AU$13.69
Ricegrowers
7D
1.6%
1Y
22.3%

SGLLV: Higher Future P/E Multiple Will Support Long Term Upside Potential

Analysts have lowered their Ricegrowers price target from A$19.08 to A$17.97, reflecting updates to fair value, expected revenue growth, profit margin assumptions, and a higher projected future P/E multiple. What's in the News Ricegrowers issued earnings guidance for FY26, indicating that full year revenue is expected to be broadly in line with or slightly below the prior corresponding period, driven by a combination of factors across several key markets (company guidance).
DBF
AU$0.66
Duxton Farms
7D
-5.1%
1Y
-53.2%
MCA
AU$0.32
Murray Cod Australia
7D
-30.0%
1Y
-70.4%
SEA
AU$2.28
Sea Forest
7D
-2.6%
1Y
n/a
DAI
AU$0.51
Decidr AI Industries
7D
29.1%
1Y
3.0%
NOU
AU$0.11
Noumi
7D
-4.3%
1Y
-21.4%
MBH
AU$0.07
Maggie Beer Holdings
7D
-12.5%
1Y
22.8%
SHV
AU$3.66
Select Harvests
7D
-6.4%
1Y
-30.2%

This Is Why Select Harvests Limited's (ASX:SHV) CEO Compensation Looks Appropriate

Feb 10
This Is Why Select Harvests Limited's (ASX:SHV) CEO Compensation Looks Appropriate