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South African (JSE) Food Industry Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies14
  • 7D-0.4%
  • 3M4.2%
  • 1Y-6.4%
  • YTD-3.0%

In the last week, the Food industry is flat overall, with Astral Foods standing out by going down 7.0%. Unfortunately though, the industry is down 6.4% over the past 12 months. In the next few years, earnings are forecast to decline by 5.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022R91.2bR155.8bR6.1b10.2x15x0.6x
Sat, 29 Oct 2022R91.8bR154.6bR6.1b9.7x15.1x0.6x
Mon, 26 Sep 2022R87.0bR154.6bR6.1b10.2x14.4x0.6x
Wed, 24 Aug 2022R88.1bR151.5bR6.3b10.1x14x0.6x
Fri, 22 Jul 2022R83.3bR151.5bR6.3b10.2x13.2x0.5x
Sun, 19 Jun 2022R80.8bR151.5bR6.2b10.3x12.9x0.5x
Tue, 17 May 2022R79.9bR150.8bR6.4b8.7x12.4x0.5x
Thu, 14 Apr 2022R83.4bR148.8bR6.1b10.3x13.7x0.6x
Sat, 12 Mar 2022R85.5bR149.3bR5.5b10.3x15.5x0.6x
Mon, 07 Feb 2022R96.8bR148.2bR5.5b12x17.7x0.7x
Wed, 05 Jan 2022R94.9bR132.8bR6.8b11.7x14x0.7x
Fri, 03 Dec 2021R98.3bR132.8bR6.8b10.8x14.5x0.7x
Sun, 31 Oct 2021R98.8bR131.4bR7.2b11.4x13.7x0.8x
Tue, 28 Sep 2021R98.7bR131.4bR7.2b10x13.6x0.8x
Thu, 26 Aug 2021R91.9bR131.4bR7.2b10x12.7x0.7x
Fri, 02 Jul 2021R95.8bR130.2bR6.3b13.9x15.2x0.7x
Mon, 05 Apr 2021R97.5bR128.6bR5.1b13.1x19.2x0.8x
Thu, 07 Jan 2021R94.6bR127.3bR4.5b11.1x20.9x0.7x
Wed, 30 Sep 2020R90.2bR125.3bR4.6b11.7x19.7x0.7x
Sat, 04 Jul 2020R90.8bR122.1bR6.8b12x13.3x0.7x
Tue, 07 Apr 2020R91.0bR120.7bR7.2b11.5x12.6x0.8x
Fri, 10 Jan 2020R105.7bR119.8bR8.1b11.7x13.1x0.9x
Price to Earnings Ratio

12.3x


Total Market Cap: R103.3bTotal Earnings: R8.4bTotal Revenue: R118.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 15.1x202020212022
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 15.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 10% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the South African Consumer Staples industry?

ZA Market1.40%
Consumer Staples-0.0092%
Food-0.41%
Packaged Foods and Meats-0.36%
Agricultural Products-7.61%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 10.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average of 15.0x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Packaged Foods and Meats industry since they expect its earnings to decline by only 5.0% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 6.4% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings decline by 5.0% 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
TBS Tiger BrandsR193.990.7%
+R198.5m
2.9%PE17.5x
OCE Oceana GroupR59.272.5%
+R177.2m
0.7%PE14.7x
RCL RCL FoodsR10.601.4%
+R133.5m
-15.2%PE9.3x
RFG RFG HoldingsR12.010.9%
+R28.8m
-6.9%PE8.7x
QFH Quantum Foods HoldingsR5.081.6%
+R26.3m
-9.3%PE42.6x
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Latest News

CKS

R35.11

Crookes Brothers

7D

-7.6%

1Y

-12.2%

QFH

R5.08

Quantum Foods Holdings

7D

1.6%

1Y

-9.3%

ARL

R167.13

Astral Foods

7D

-7.0%

1Y

-4.4%

SHG

R11.68

Sea Harvest Group

7D

-2.5%

1Y

-8.6%

PFB

R1.01

Premier Fishing & Brands

7D

-22.3%

1Y

24.7%

RCL

R10.60

RCL Foods

7D

1.4%

1Y

-15.2%

OCE

R59.27

Oceana Group

7D

2.5%

1Y

0.7%

AVI

R73.45

AVI

7D

-0.6%

1Y

-11.5%

BRT

R5.27

Brimstone Investment

7D

-4.2%

1Y

-18.8%

TBS

R193.99

Tiger Brands

7D

0.7%

1Y

2.9%