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South African (JSE) Food Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies13
  • 7D-3.7%
  • 3M0.2%
  • 1Y8.1%
  • YTD-0.7%

Over the last 7 days, the Food industry has dropped 3.7%, driven by RCL Foods declining 16%. This takes the industry's 12 month performance to a gain of 8.1%. Looking forward, earnings are forecast to grow by 7.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025R137.8bR183.3bR12.2b7.5x11.3x0.8x
Mon, 25 Aug 2025R138.2bR184.1bR11.4b10x12.1x0.8x
Wed, 23 Jul 2025R131.0bR184.1bR11.4b7.8x11.5x0.7x
Fri, 20 Jun 2025R136.0bR184.0bR11.4b10.2x12x0.7x
Sun, 18 May 2025R133.9bR181.5bR10.6b9.6x12.6x0.7x
Tue, 15 Apr 2025R127.9bR181.5bR10.6b8.5x12x0.7x
Thu, 13 Mar 2025R121.7bR182.4bR11.1b8.8x10.9x0.7x
Sat, 08 Feb 2025R131.6bR183.1bR10.6b9.3x12.4x0.7x
Mon, 06 Jan 2025R138.8bR183.1bR10.6b11.3x13.1x0.8x
Wed, 04 Dec 2024R132.3bR182.7bR10.5b10.7x12.6x0.7x
Fri, 01 Nov 2024R127.0bR182.1bR9.4b12.3x13.5x0.7x
Sun, 29 Sep 2024R127.9bR181.0bR8.9b11.8x14.3x0.7x
Tue, 27 Aug 2024R120.5bR194.9bR8.8b10.5x13.7x0.6x
Thu, 25 Jul 2024R113.8bR194.9bR8.8b9.9x12.9x0.6x
Sat, 22 Jun 2024R113.5bR181.4bR8.9b9.9x12.8x0.6x
Mon, 20 May 2024R106.0bR180.9bR8.0b9.5x13.3x0.6x
Wed, 17 Apr 2024R103.1bR180.9bR8.0b9.3x12.9x0.6x
Fri, 15 Mar 2024R106.5bR180.5bR7.7b8.7x13.9x0.6x
Sun, 11 Feb 2024R103.5bR178.7bR7.2b10.2x14.4x0.6x
Tue, 09 Jan 2024R99.8bR194.5bR5.9b10.5x16.9x0.5x
Thu, 07 Dec 2023R97.2bR194.5bR5.9b10.5x16.5x0.5x
Sat, 04 Nov 2023R91.2bR192.7bR7.0b9.6x13x0.5x
Mon, 02 Oct 2023R90.1bR192.7bR7.0b9.3x12.9x0.5x
Wed, 30 Aug 2023R94.3bR191.1bR7.3b9.5x13x0.5x
Fri, 28 Jul 2023R90.1bR191.1bR7.3b9.7x12.4x0.5x
Sun, 25 Jun 2023R90.5bR191.2bR7.5b9.3x12.1x0.5x
Tue, 23 May 2023R91.6bR168.2bR6.5b10.2x14.2x0.5x
Thu, 20 Apr 2023R96.2bR167.6bR6.9b10.7x13.8x0.6x
Sat, 18 Mar 2023R88.0bR167.6bR7.0b10.3x12.7x0.5x
Mon, 13 Feb 2023R94.5bR161.5bR7.7b10.7x12.3x0.6x
Wed, 11 Jan 2023R97.3bR161.5bR7.7b10.9x12.6x0.6x
Fri, 09 Dec 2022R92.9bR159.4bR7.5b9.4x12.4x0.6x
Sun, 06 Nov 2022R89.9bR154.7bR6.1b10.6x14.9x0.6x
Tue, 04 Oct 2022R87.8bR154.6bR6.1b10.3x14.5x0.6x
Price to Earnings Ratio

14.5x


Total Market Cap: R87.8bTotal Earnings: R6.1bTotal Revenue: R154.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 14x202320242025
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 11.3x which is lower than its 3-year average PE of 14.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 5.8% 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 Market0.17%
Consumer Staples-3.69%
Food-3.65%
Packaged Foods and Meats-3.64%
Agricultural Products-8.89%
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 13.9x.
    • Analysts are expecting annual earnings growth of 7.8%, which is lower than the prior year's growth of 25.3% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 9.7x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 7.8% over the next 5 years.
  • However this is lower than its past earnings growth rate of 25% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 7.8% 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
LBR Libstar HoldingsR4.563.6%
+R83.6m		9.9%PS0.2x
SHG Sea Harvest GroupR8.632.6%
+R73.4m		-0.2%PE7.6x
QFH Quantum Foods HoldingsR7.311.4%
+R20.1m		-47.8%PE5.5x
BRT Brimstone InvestmentR4.260.2%
+R2.4m		-22.5%PE3x

Latest News

RCL
R9.45
RCL Foods
7D
-16.3%
1Y
11.2%

RCL Foods' (JSE:RCL) Upcoming Dividend Will Be Larger Than Last Year's

Sep 27
RCL Foods' (JSE:RCL) Upcoming Dividend Will Be Larger Than Last Year's
LBR
R4.56
Libstar Holdings
7D
3.6%
1Y
9.9%
RBO
R3.95
Rainbow Chicken
7D
-8.1%
1Y
1.0%
TBS
R305.50
Tiger Brands
7D
-1.4%
1Y
27.6%

Is Now The Time To Put Tiger Brands (JSE:TBS) On Your Watchlist?

Sep 23
Is Now The Time To Put Tiger Brands (JSE:TBS) On Your Watchlist?
RFG
R16.60
RFG Holdings
7D
-2.1%
1Y
3.4%
BRT
R4.26
Brimstone Investment
7D
0.2%
1Y
-22.5%
AVI
R99.08
AVI
7D
-3.0%
1Y
-9.3%
SHG
R8.63
Sea Harvest Group
7D
2.6%
1Y
-0.2%
QFH
R7.31
Quantum Foods Holdings
7D
1.4%
1Y
-47.8%

Investors Will Want Quantum Foods Holdings' (JSE:QFH) Growth In ROCE To Persist

Sep 05
Investors Will Want Quantum Foods Holdings' (JSE:QFH) Growth In ROCE To Persist
PMR
R152.01
Premier Group
7D
-4.5%
1Y
46.2%
ARL
R201.00
Astral Foods
7D
-3.9%
1Y
5.4%

Better South African Crops Will Fuel Poultry Resurgence

Key Takeaways Lower feed costs, rising poultry demand, and expanded production position Astral for margin recovery, increased sales volumes, and earnings growth. Operational efficiencies, technological upgrades, and sector consolidation support improved productivity, cost competitiveness, and enhanced price realization.
OCE
R49.20
Oceana Group
7D
-6.3%
1Y
-29.4%