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South African (JSE) Food Industry Analysis

UpdatedNov 20, 2024
DataAggregated Company Financials
Companies14
  • 7D0.6%
  • 3M9.2%
  • 1Y33.4%
  • YTD24.4%

In the last week, Food has been flat. As for the the longer term, the industry is up 33% over the past 12 months. Looking forward, earnings are forecast to grow by 8.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Nov 2024R128.2bR183.3bR10.5b11.4x12.2x0.7x
Fri, 18 Oct 2024R127.0bR182.1bR9.4b12.3x13.5x0.7x
Sun, 15 Sep 2024R123.3bR181.0bR8.9b11.6x13.8x0.7x
Tue, 13 Aug 2024R114.0bR194.9bR8.8b10.1x13x0.6x
Thu, 11 Jul 2024R114.3bR194.9bR8.8b10.1x13x0.6x
Sat, 08 Jun 2024R104.3bR180.9bR8.4b9.1x12.5x0.6x
Mon, 06 May 2024R103.8bR180.9bR8.0b9.3x13x0.6x
Wed, 03 Apr 2024R105.1bR180.9bR8.0b9.2x13.2x0.6x
Fri, 01 Mar 2024R103.0bR178.7bR7.2b10.2x14.4x0.6x
Sun, 28 Jan 2024R102.7bR194.5bR5.9b10.9x17.4x0.5x
Tue, 26 Dec 2023R99.5bR194.5bR5.9b10.5x16.9x0.5x
Thu, 23 Nov 2023R94.9bR192.8bR6.0b10x15.9x0.5x
Sat, 21 Oct 2023R88.9bR192.7bR7.0b9.3x12.7x0.5x
Mon, 18 Sep 2023R92.7bR192.7bR7.0b9.8x13.2x0.5x
Wed, 16 Aug 2023R92.6bR191.1bR7.3b9.3x12.8x0.5x
Fri, 14 Jul 2023R93.0bR191.1bR7.3b9.5x12.8x0.5x
Sun, 11 Jun 2023R1.6tR173.3bR6.7b9.2x234.4x9x
Tue, 09 May 2023R94.8bR167.6bR6.9b10.6x13.6x0.6x
Thu, 06 Apr 2023R99.2bR167.6bR7.0b10.7x14.3x0.6x
Sat, 04 Mar 2023R98.7bR161.5bR7.7b10.4x12.8x0.6x
Mon, 30 Jan 2023R93.3bR161.5bR7.7b11x12.1x0.6x
Wed, 28 Dec 2022R95.5bR161.5bR7.7b9.8x12.4x0.6x
Fri, 25 Nov 2022R91.7bR155.3bR6.2b9.2x14.9x0.6x
Sun, 23 Oct 2022R86.5bR154.6bR6.1b9.7x14.3x0.6x
Tue, 20 Sep 2022R87.4bR154.6bR6.1b10.5x14.4x0.6x
Thu, 18 Aug 2022R87.3bR151.5bR6.3b10.1x13.8x0.6x
Sat, 16 Jul 2022R81.2bR151.5bR6.3b10x12.9x0.5x
Mon, 13 Jun 2022R80.7bR151.2bR6.3b10.1x12.9x0.5x
Wed, 11 May 2022R80.9bR148.8bR6.1b9.8x13.3x0.5x
Fri, 08 Apr 2022R84.8bR148.8bR6.1b10.3x13.9x0.6x
Sun, 06 Mar 2022R90.2bR149.8bR5.6b11.4x16.2x0.6x
Tue, 01 Feb 2022R97.4bR148.2bR5.5b12.1x17.8x0.7x
Thu, 30 Dec 2021R94.6bR132.8bR6.8b11.2x14x0.7x
Sat, 27 Nov 2021R95.5bR132.7bR6.8b10x14x0.7x
Price to Earnings Ratio

14x


Total Market Cap: R95.5bTotal Earnings: R6.8bTotal Revenue: R132.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 14.6x202220232024
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 12.2x which is lower than its 3-year average PE of 14.6x.
  • 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 16% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market0.33%
Consumer Staples-1.50%
Food0.57%
Agricultural Products1.39%
Packaged Foods and Meats0.56%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio.
    • 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 below its 3-year average of 14.5x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 8.0% over the next 5 years.
  • However this is lower than its past earnings growth rate of 27% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 8.0% 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 BrandsR243.002.2%
+R830.6m		35.3%PE13.4x
PMR Premier GroupR118.554.1%
+R607.1m		87.1%PE14.4x
AVI AVIR111.190.8%
+R287.9m		41.7%PE16.3x
ARL Astral FoodsR175.234.2%
+R272.1m		13.9%PE8.9x
RFG RFG HoldingsR17.804.4%
+R195.1m		45.8%PE8.9x
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0.9%

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102.1%

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R9.15

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R243.00

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7D

2.2%

1Y

35.3%

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R111.19

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7D

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PMR

R118.55

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4.1%

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7D

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