RFG Holdings (JSE:RFG) Is Increasing Its Dividend To ZAR1.11
Dec 15
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South African (JSE) Food Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies14
- 7D1.5%
- 3M10.6%
- 1Y39.9%
- YTD37.7%
Over the last 7 days, the Food industry has risen 1.5%, driven by gains from Premier Group of 7.8%. In the same time, RFG Holdings was down 5.9%. This means that the industry has gained 40% over the past year. Earnings are forecast to grow by 8.9% annually.
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, 21 Dec 2024 | R141.7b | R183.1b | R10.6b | 11x | 13.3x | 0.8x |
| Mon, 18 Nov 2024 | R126.9b | R182.5b | R9.5b | 12.2x | 13.3x | 0.7x |
| Wed, 16 Oct 2024 | R130.2b | R182.1b | R9.4b | 12.5x | 13.9x | 0.7x |
| Fri, 13 Sep 2024 | R121.8b | R181.0b | R8.9b | 11.1x | 13.6x | 0.7x |
| Sun, 11 Aug 2024 | R115.6b | R194.9b | R8.8b | 10.1x | 13.2x | 0.6x |
| Tue, 09 Jul 2024 | R116.3b | R194.9b | R8.8b | 10.2x | 13.2x | 0.6x |
| Thu, 06 Jun 2024 | R104.5b | R180.8b | R8.5b | 9.2x | 12.3x | 0.6x |
| Sat, 04 May 2024 | R103.8b | R180.9b | R8.0b | 9.3x | 13x | 0.6x |
| Mon, 01 Apr 2024 | R104.7b | R180.9b | R8.0b | 9.2x | 13.1x | 0.6x |
| Wed, 28 Feb 2024 | R102.0b | R178.7b | R7.2b | 10.2x | 14.2x | 0.6x |
| Fri, 26 Jan 2024 | R102.4b | R194.5b | R5.9b | 10.9x | 17.4x | 0.5x |
| Sun, 24 Dec 2023 | R99.5b | R194.5b | R5.9b | 10.5x | 16.9x | 0.5x |
| Tue, 21 Nov 2023 | R93.3b | R193.4b | R7.0b | 10x | 13.3x | 0.5x |
| Thu, 19 Oct 2023 | R86.6b | R192.7b | R7.0b | 9.3x | 12.4x | 0.4x |
| Sat, 16 Sep 2023 | R91.6b | R192.7b | R7.0b | 9.4x | 13.1x | 0.5x |
| Mon, 14 Aug 2023 | R91.9b | R191.1b | R7.3b | 9.1x | 12.7x | 0.5x |
| Wed, 12 Jul 2023 | R91.6b | R191.1b | R7.3b | 9.3x | 12.6x | 0.5x |
| Fri, 09 Jun 2023 | R1.6t | R173.3b | R6.7b | 9.3x | 238.2x | 9.2x |
| Sun, 07 May 2023 | R95.3b | R167.6b | R6.9b | 10.7x | 13.7x | 0.6x |
| Tue, 04 Apr 2023 | R99.1b | R167.6b | R7.0b | 10.7x | 14.3x | 0.6x |
| Thu, 02 Mar 2023 | R98.6b | R161.5b | R7.7b | 10.6x | 12.8x | 0.6x |
| Sat, 28 Jan 2023 | R93.3b | R161.5b | R7.7b | 11x | 12.1x | 0.6x |
| Mon, 26 Dec 2022 | R95.5b | R161.5b | R7.7b | 9.8x | 12.4x | 0.6x |
| Wed, 23 Nov 2022 | R90.5b | R154.6b | R6.1b | 10.3x | 14.9x | 0.6x |
| Fri, 21 Oct 2022 | R87.8b | R154.6b | R6.1b | 9.7x | 14.5x | 0.6x |
| Sun, 18 Sep 2022 | R85.9b | R154.7b | R6.1b | 10.5x | 14.2x | 0.6x |
| Tue, 16 Aug 2022 | R86.1b | R151.5b | R6.3b | 10.1x | 13.6x | 0.6x |
| Thu, 14 Jul 2022 | R80.5b | R151.5b | R6.3b | 10.4x | 12.8x | 0.5x |
| Sat, 11 Jun 2022 | R80.7b | R151.2b | R6.3b | 10.1x | 12.9x | 0.5x |
| Mon, 09 May 2022 | R80.9b | R148.8b | R6.1b | 9.7x | 13.3x | 0.5x |
| Wed, 06 Apr 2022 | R86.1b | R148.8b | R6.1b | 10.3x | 14.1x | 0.6x |
| Fri, 04 Mar 2022 | R92.5b | R149.7b | R5.6b | 11.1x | 16.5x | 0.6x |
| Sun, 30 Jan 2022 | R96.7b | R148.2b | R5.5b | 12.4x | 17.6x | 0.7x |
| Tue, 28 Dec 2021 | R94.1b | R132.8b | R6.8b | 12x | 13.9x | 0.7x |
Price to Earnings Ratio
13.9x
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 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 Market | -2.74% | |
| Consumer Staples | -1.37% | |
| Food | 1.46% | |
| Packaged Foods and Meats | 1.53% | |
| Agricultural Products | -17.76% | |
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 close to 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 8.9% 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 8.9% 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 | |
|---|---|---|---|---|---|
| PMR Premier Group | R134.50 | 7.8% +R1.3b | 113.2% | PE16.3x | |
| TBS Tiger Brands | R294.39 | 1.5% +R682.3m | 45.4% | PE15.6x | |
| OCE Oceana Group | R71.75 | 3.6% +R298.7m | 3.9% | PE7.8x | |
| ARL Astral Foods | R196.22 | 3.2% +R232.5m | 34.4% | PE10x | |
| RCL RCL Foods | R9.77 | 1.5% +R124.6m | 14.9% | PE7.3x |