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South African (JSE) Food Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies13
  • 7D1.6%
  • 3M15.1%
  • 1Y16.2%
  • YTD1.2%

In the last week, the Food industry is up 1.6%, with AVI leading the way, up 3.0%. This means that the industry has gained 16% over the past year. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026R159.8bR182.8bR12.7b9.1x12.6x0.9x
Sat, 06 Dec 2025R155.4bR182.8bR12.7b8.7x12.2x0.8x
Mon, 03 Nov 2025R142.8bR183.3bR12.2b7.8x11.7x0.8x
Wed, 01 Oct 2025R139.0bR183.3bR12.2b7.6x11.4x0.8x
Fri, 29 Aug 2025R136.4bR183.9bR11.4b8.6x12x0.7x
Sun, 27 Jul 2025R131.8bR184.1bR11.4b8.1x11.5x0.7x
Tue, 24 Jun 2025R134.6bR184.0bR11.4b10x11.8x0.7x
Thu, 22 May 2025R134.4bR181.8bR10.4b10.1x12.9x0.7x
Sat, 19 Apr 2025R127.9bR181.5bR10.6b8.4x12x0.7x
Mon, 17 Mar 2025R121.9bR182.4bR11.1b8.7x10.9x0.7x
Wed, 12 Feb 2025R130.9bR183.1bR10.6b9.3x12.3x0.7x
Fri, 10 Jan 2025R137.9bR183.1bR10.6b10x13x0.8x
Sun, 08 Dec 2024R135.1bR183.1bR10.6b11x12.7x0.7x
Tue, 05 Nov 2024R127.8bR182.1bR9.4b12.3x13.6x0.7x
Thu, 03 Oct 2024R127.7bR167.7bR9.2b12.5x13.9x0.8x
Sat, 31 Aug 2024R119.8bR193.7bR8.4b11x14.3x0.6x
Mon, 29 Jul 2024R114.8bR194.9bR8.8b9.9x13.1x0.6x
Wed, 26 Jun 2024R111.9bR181.4bR8.9b9.5x12.6x0.6x
Fri, 24 May 2024R104.9bR181.3bR8.3b9.4x12.7x0.6x
Sun, 21 Apr 2024R102.2bR180.9bR8.0b9.5x12.8x0.6x
Tue, 19 Mar 2024R104.7bR180.9bR8.0b8.9x13.1x0.6x
Thu, 15 Feb 2024R103.5bR178.7bR7.2b10.2x14.4x0.6x
Sat, 13 Jan 2024R99.3bR194.5bR5.9b10.5x16.8x0.5x
Mon, 11 Dec 2023R97.7bR194.5bR5.9b10.5x16.6x0.5x
Wed, 08 Nov 2023R90.1bR192.7bR7.0b9.6x12.9x0.5x
Fri, 06 Oct 2023R87.8bR192.7bR7.0b9.6x12.5x0.5x
Sun, 03 Sep 2023R94.0bR191.1bR7.3b9.4x13x0.5x
Tue, 01 Aug 2023R91.3bR191.1bR7.3b9.6x12.6x0.5x
Thu, 29 Jun 2023R89.6bR191.2bR7.5b9.4x12x0.5x
Sat, 27 May 2023R91.7bR168.5bR6.5b10.3x14.1x0.5x
Mon, 24 Apr 2023R96.9bR167.6bR6.9b10.7x13.9x0.6x
Wed, 22 Mar 2023R86.2bR167.6bR7.0b10.3x12.4x0.5x
Fri, 17 Feb 2023R95.4bR161.5bR7.7b11.1x12.4x0.6x
Sun, 15 Jan 2023R97.9bR161.5bR7.7b10.7x12.7x0.6x
Price to Earnings Ratio

12.7x


Total Market Cap: R97.9bTotal Earnings: R7.7bTotal Revenue: R161.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 13.8x202420252026
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.
  • The industry is trading close to its 3-year average PE ratio of 13.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 4.2% 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?

ZA Market2.02%
Consumer Staples-0.059%
Food1.61%
Packaged Foods and Meats1.62%
Agricultural Products-1.03%
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 13.7x.
    • Analysts are expecting annual earnings growth of 21.3%, which is lower than the prior year's growth of 24.0% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 21% 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
AVI AVIR108.663.0%
+R1.0b		2.2%PE14.9x
TBS Tiger BrandsR372.871.8%
+R1.0b		26.8%PE13.7x
PMR Premier GroupR170.411.6%
+R354.5m		30.8%PE16.1x
RBO Rainbow ChickenR5.214.2%
+R187.5m		33.6%PE8.1x
RFG RFG HoldingsR23.722.5%
+R151.6m		15.2%PE13.9x

Latest News

TBS
R372.87
Tiger Brands
7D
1.8%
1Y
26.8%
ARL
R269.67
Astral Foods
7D
1.1%
1Y
45.8%
BRT
R4.65
Brimstone Investment
7D
3.3%
1Y
-7.7%
OCE
R55.50
Oceana Group
7D
-0.4%
1Y
-17.2%
RFG
R23.72
RFG Holdings
7D
2.5%
1Y
15.2%
CKS
R24.00
Crookes Brothers
7D
-1.0%
1Y
-25.0%
LBR
R4.63
Libstar Holdings
7D
-2.1%
1Y
7.4%
QFH
R8.26
Quantum Foods Holdings
7D
-7.2%
1Y
-10.8%
SHG
R9.45
Sea Harvest Group
7D
-0.4%
1Y
14.4%
PMR
R170.41
Premier Group
7D
1.6%
1Y
30.8%

Premier Group (JSE:PMR) Has A Pretty Healthy Balance Sheet

Nov 22
Premier Group (JSE:PMR) Has A Pretty Healthy Balance Sheet
RBO
R5.21
Rainbow Chicken
7D
4.2%
1Y
33.6%
RCL
R9.94
RCL Foods
7D
-1.6%
1Y
4.5%
AVI
R108.66
AVI
7D
3.0%
1Y
2.2%