South African (JSE) Food Industry Analysis

Industry Valuation and Performance

Has the South African Food Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 09 Dec 2023	R97.7b	R194.5b	R5.9b	10.5x	16.6x	0.5x
Mon, 06 Nov 2023	R91.2b	R192.7b	R7.0b	9.6x	13x	0.5x
Wed, 04 Oct 2023	R89.5b	R192.7b	R7.0b	9.5x	12.8x	0.5x
Fri, 01 Sep 2023	R93.8b	R191.1b	R7.3b	9.4x	12.9x	0.5x
Sun, 30 Jul 2023	R91.4b	R191.1b	R7.3b	9.4x	12.6x	0.5x
Tue, 27 Jun 2023	R90.1b	R191.2b	R7.5b	9.5x	12.1x	0.5x
Thu, 25 May 2023	R90.9b	R168.2b	R6.5b	10.1x	14.1x	0.5x
Sat, 22 Apr 2023	R96.9b	R167.6b	R6.9b	10.7x	13.9x	0.6x
Mon, 20 Mar 2023	R88.0b	R167.6b	R7.0b	10.3x	12.7x	0.5x
Wed, 15 Feb 2023	R95.1b	R161.5b	R7.7b	10.8x	12.3x	0.6x
Fri, 13 Jan 2023	R97.0b	R161.5b	R7.7b	10.6x	12.6x	0.6x
Sun, 11 Dec 2022	R96.2b	R160.9b	R7.7b	10x	12.4x	0.6x
Tue, 08 Nov 2022	R90.4b	R154.7b	R6.1b	10.5x	14.9x	0.6x
Thu, 06 Oct 2022	R88.8b	R154.6b	R6.1b	9.8x	14.6x	0.6x
Sat, 03 Sep 2022	R87.2b	R152.1b	R6.1b	10.2x	14.3x	0.6x
Mon, 01 Aug 2022	R85.3b	R151.5b	R6.3b	10.3x	13.5x	0.6x
Wed, 29 Jun 2022	R80.8b	R151.5b	R6.2b	10.6x	12.9x	0.5x
Fri, 27 May 2022	R80.3b	R150.8b	R6.4b	9x	12.5x	0.5x
Sun, 24 Apr 2022	R84.1b	R148.8b	R6.1b	10.2x	13.8x	0.6x
Tue, 22 Mar 2022	R87.9b	R148.7b	R5.8b	10.5x	15.2x	0.6x
Thu, 17 Feb 2022	R96.7b	R148.2b	R5.5b	13.3x	17.6x	0.7x
Sat, 15 Jan 2022	R97.7b	R148.2b	R5.5b	12x	17.8x	0.7x
Mon, 13 Dec 2021	R92.5b	R132.8b	R6.8b	10.7x	13.7x	0.7x
Wed, 10 Nov 2021	R99.6b	R131.4b	R7.2b	11.4x	13.8x	0.8x
Fri, 08 Oct 2021	R100.0b	R131.4b	R7.2b	11.4x	13.8x	0.8x
Sun, 05 Sep 2021	R92.5b	R131.4b	R7.2b	10x	12.8x	0.7x
Tue, 03 Aug 2021	R93.6b	R131.4b	R7.2b	10x	12.9x	0.7x
Fri, 07 May 2021	R93.1b	R129.8b	R6.0b	13.1x	15.5x	0.7x
Mon, 08 Feb 2021	R93.2b	R127.3b	R4.5b	10.1x	20.6x	0.7x

Current Industry PE

Investors are relatively neutral on the South African Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.

Past Earnings Growth

The earnings for companies in the Food industry have grown 9.3% per year over the last three years.
Revenues for these companies have grown 15% 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 South African Consumer Staples industry?

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 15.4x.

Analysts are expecting annual earnings growth of 12.1%, which is higher than its past year's earnings decline of 5.8% per year.

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 decline of 5.8% per year.

In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 12% 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
TBS Tiger Brands	R192.14	6.5% +R1.8b	-12.2%	PE11.1x
AVI AVI	R79.71	3.2% +R813.3m	3.2%	PE14.3x
PMR Premier Group	R63.24	2.0% +R159.8m	n/a	PE9.9x
LBR Libstar Holdings	R3.11	2.0% +R35.7m	-47.8%	PS0.2x
CKS Crookes Brothers	R34.49	3.1% +R15.6m	-1.5%	PS0.8x