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South African (JSE) Food Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies14
- 7D-1.4%
- 3M2.9%
- 1Y24.9%
- YTD-5.0%
In the last week, the Food industry is up 1.2%, with Tiger Brands up 2.1%. In the same time, Quantum Foods Holdings was down 10%. This means that the industry has gained 29% over the past year. As for the next few years, earnings are expected to grow by 7.9% per annum.
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, 01 Feb 2025 | R132.2b | R183.1b | R10.6b | 10x | 12.4x | 0.7x |
| Mon, 30 Dec 2024 | R139.1b | R183.1b | R10.6b | 11.3x | 13.1x | 0.8x |
| Wed, 27 Nov 2024 | R131.3b | R182.8b | R10.4b | 11.4x | 12.7x | 0.7x |
| Fri, 25 Oct 2024 | R125.9b | R182.1b | R9.4b | 12.2x | 13.4x | 0.7x |
| Sun, 22 Sep 2024 | R128.4b | R181.0b | R8.9b | 11.5x | 14.4x | 0.7x |
| Tue, 20 Aug 2024 | R117.1b | R194.9b | R8.8b | 10.1x | 13.3x | 0.6x |
| Thu, 18 Jul 2024 | R114.4b | R194.9b | R8.8b | 10.2x | 13x | 0.6x |
| Sat, 15 Jun 2024 | R106.8b | R180.8b | R8.6b | 9.3x | 12.4x | 0.6x |
| Mon, 13 May 2024 | R105.3b | R180.9b | R8.0b | 9.4x | 13.2x | 0.6x |
| Wed, 10 Apr 2024 | R104.7b | R180.9b | R8.0b | 9.3x | 13.1x | 0.6x |
| Fri, 08 Mar 2024 | R105.8b | R180.5b | R7.7b | 8.9x | 13.8x | 0.6x |
| Sun, 04 Feb 2024 | R103.7b | R194.5b | R5.9b | 11.1x | 17.6x | 0.5x |
| Tue, 02 Jan 2024 | R100.2b | R194.5b | R5.9b | 10.5x | 17x | 0.5x |
| Thu, 30 Nov 2023 | R96.1b | R193.4b | R6.0b | 9.8x | 16x | 0.5x |
| Sat, 28 Oct 2023 | R88.9b | R192.7b | R7.0b | 9.5x | 12.7x | 0.5x |
| Mon, 25 Sep 2023 | R89.3b | R192.7b | R7.0b | 9.3x | 12.7x | 0.5x |
| Wed, 23 Aug 2023 | R93.2b | R191.1b | R7.3b | 9.3x | 12.8x | 0.5x |
| Fri, 21 Jul 2023 | R91.1b | R191.1b | R7.3b | 9.4x | 12.6x | 0.5x |
| Sun, 18 Jun 2023 | R92.4b | R191.2b | R7.5b | 9.5x | 12.4x | 0.5x |
| Tue, 16 May 2023 | R91.9b | R167.6b | R6.9b | 10.2x | 13.2x | 0.5x |
| Thu, 13 Apr 2023 | R97.2b | R167.6b | R7.0b | 10.6x | 14x | 0.6x |
| Sat, 11 Mar 2023 | R91.4b | R165.7b | R7.4b | 10.4x | 12.3x | 0.6x |
| Mon, 06 Feb 2023 | R95.6b | R161.5b | R7.7b | 11.4x | 12.4x | 0.6x |
| Wed, 04 Jan 2023 | R95.7b | R161.5b | R7.7b | 10.3x | 12.4x | 0.6x |
| Fri, 02 Dec 2022 | R91.4b | R155.8b | R6.1b | 10.4x | 15x | 0.6x |
| Sun, 30 Oct 2022 | R91.8b | R154.6b | R6.1b | 9.7x | 15.1x | 0.6x |
| Tue, 27 Sep 2022 | R89.7b | R154.6b | R6.1b | 10x | 14.8x | 0.6x |
| Thu, 25 Aug 2022 | R87.9b | R151.5b | R6.3b | 10x | 13.9x | 0.6x |
| Sat, 23 Jul 2022 | R83.3b | R151.5b | R6.3b | 10.2x | 13.2x | 0.5x |
| Mon, 20 Jun 2022 | R80.8b | R151.5b | R6.2b | 10.3x | 12.9x | 0.5x |
| Wed, 18 May 2022 | R79.8b | R150.8b | R6.4b | 8.7x | 12.4x | 0.5x |
| Fri, 15 Apr 2022 | R82.9b | R148.8b | R6.1b | 10.2x | 13.6x | 0.6x |
| Sun, 13 Mar 2022 | R85.5b | R149.3b | R5.5b | 10.3x | 15.5x | 0.6x |
| Tue, 08 Feb 2022 | R95.7b | R148.2b | R5.5b | 12.5x | 17.5x | 0.6x |
Price to Earnings Ratio
17.5x
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 12.6x which is lower than its 3-year average PE of 14.5x.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 25% per year over the last three years.
- Revenues for these companies have grown 7.3% 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 Market | 1.79% | |
| Consumer Staples | 0.84% | |
| Food | -1.45% | |
| Agricultural Products | 5.94% | |
| Packaged Foods and Meats | -1.47% | |
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 14.3x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 7.9% over the next 5 years.
- However this is lower than its past earnings growth rate of 21% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 7.9% 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 | |
|---|---|---|---|---|---|
| RFG RFG Holdings | R20.20 | 3.6% +R181.7m | 51.3% | PE9.3x | |
| TBS Tiger Brands | R276.15 | 0.2% +R85.5m | 33.3% | PE14.7x | |
| ARL Astral Foods | R177.63 | 0.7% +R46.1m | 13.8% | PE9.1x | |
| RBO Rainbow Chicken | R3.75 | 1.4% +R44.5m | n/a | PE18.5x | |
| LBR Libstar Holdings | R4.15 | 1.7% +R41.7m | 18.9% | PE10x |