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South African (JSE) Food Industry Analysis

UpdatedAug 13, 2025
DataAggregated Company Financials
Companies14
  • 7D1.0%
  • 3M1.1%
  • 1Y16.5%
  • YTD-3.3%

Astral Foods is up 7.6%, leading the way for the Food industry, which has gained 1.0%. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 4.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 Aug 2025R134.4bR184.1bR11.4b10.1x11.8x0.7x
Fri, 11 Jul 2025R134.7bR184.1bR11.4b8x11.8x0.7x
Sun, 08 Jun 2025R139.1bR182.9bR11.5b10.6x12x0.8x
Tue, 06 May 2025R132.0bR181.5bR10.6b9.3x12.4x0.7x
Thu, 03 Apr 2025R126.2bR181.5bR10.6b8.5x11.9x0.7x
Sat, 01 Mar 2025R126.0bR183.1bR10.6b9.2x11.9x0.7x
Mon, 27 Jan 2025R134.1bR183.1bR10.6b10.2x12.6x0.7x
Wed, 25 Dec 2024R139.2bR183.1bR10.6b11.3x13.1x0.8x
Fri, 22 Nov 2024R130.7bR183.3bR10.5b10.9x12.5x0.7x
Sun, 20 Oct 2024R126.5bR182.1bR9.4b12.3x13.5x0.7x
Tue, 17 Sep 2024R123.0bR165.2bR6.7b10.8x18.4x0.7x
Thu, 15 Aug 2024R115.8bR194.9bR8.8b10.2x13.2x0.6x
Sat, 13 Jul 2024R115.0bR194.9bR8.8b10.3x13.1x0.6x
Mon, 10 Jun 2024R104.2bR180.8bR8.5b9.1x12.3x0.6x
Wed, 08 May 2024R103.8bR180.9bR8.0b9.3x13x0.6x
Fri, 05 Apr 2024R104.7bR180.9bR8.0b9.3x13.1x0.6x
Sun, 03 Mar 2024R102.7bR178.7bR7.2b10.3x14.3x0.6x
Tue, 30 Jan 2024R102.2bR194.5bR5.9b11.2x17.3x0.5x
Thu, 28 Dec 2023R99.8bR194.5bR5.9b10.4x16.9x0.5x
Sat, 25 Nov 2023R95.2bR193.0bR6.0b9.9x15.8x0.5x
Mon, 23 Oct 2023R88.9bR192.7bR7.0b9.3x12.7x0.5x
Wed, 20 Sep 2023R91.8bR192.7bR7.0b9.6x13.1x0.5x
Fri, 18 Aug 2023R93.5bR191.1bR7.3b9.4x12.9x0.5x
Sun, 16 Jul 2023R92.3bR191.1bR7.3b9.5x12.7x0.5x
Tue, 13 Jun 2023R88.4bR191.2bR7.5b9.3x11.8x0.5x
Thu, 11 May 2023R93.5bR167.6bR6.9b10.4x13.5x0.6x
Sat, 08 Apr 2023R98.8bR167.6bR7.0b10.7x14.2x0.6x
Mon, 06 Mar 2023R98.7bR161.5bR7.7b10.4x12.8x0.6x
Wed, 01 Feb 2023R94.4bR161.5bR7.7b11x12.3x0.6x
Fri, 30 Dec 2022R94.9bR161.5bR7.7b10.1x12.3x0.6x
Sun, 27 Nov 2022R91.8bR155.8bR6.1b9.2x15x0.6x
Tue, 25 Oct 2022R86.5bR154.6bR6.1b9.7x14.3x0.6x
Thu, 22 Sep 2022R87.9bR154.6bR6.1b10.3x14.5x0.6x
Sat, 20 Aug 2022R88.1bR151.5bR6.3b10x14x0.6x
Price to Earnings Ratio

14x


Total Market Cap: R88.1bTotal Earnings: R6.3bTotal Revenue: R151.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 14.1x202320242025
Current Industry PE
  • Investors are pessimistic on the South African 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 11.8x which is lower than its 3-year average PE of 14.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.63x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 6.7% 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 Market1.82%
Consumer Staples1.19%
Food1.04%
Packaged Foods and Meats1.05%
Agricultural Products-2.83%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 14.0x.
    • Analysts are expecting annual earnings growth of 4.5%, which is lower than the prior year's growth of 17.9% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 9.8x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 4.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 18% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 4.5% 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
ARL Astral FoodsR184.617.6%
+R499.7m		9.2%PE12.3x
AVI AVIR95.361.5%
+R453.4m		-1.5%PE13.2x
TBS Tiger BrandsR306.220.8%
+R370.1m		39.2%PE12x
RBO Rainbow ChickenR4.589.0%
+R339.1m		25.5%PE8.6x
SHG Sea Harvest GroupR7.843.2%
+R80.8m		-3.0%PE11.6x

Latest News

AHL
R0.60
AH-Vest
7D
1,900.0%
1Y
500.0%

Subdued Growth No Barrier To AH-Vest Limited (JSE:AHL) With Shares Advancing 1,633%

Aug 13
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RBO
R4.58
Rainbow Chicken
7D
9.0%
1Y
25.5%
PMR
R137.50
Premier Group
7D
-0.3%
1Y
83.3%
OCE
R52.91
Oceana Group
7D
0.5%
1Y
-25.5%
AVI
R95.36
AVI
7D
1.5%
1Y
-1.5%
ARL
R184.61
Astral Foods
7D
7.6%
1Y
9.2%
QFH
R7.41
Quantum Foods Holdings
7D
2.1%
1Y
-20.1%

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Jul 23
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SHG
R7.84
Sea Harvest Group
7D
3.2%
1Y
-3.0%
TBS
R306.22
Tiger Brands
7D
0.8%
1Y
39.2%

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