Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Food Industry Analysis

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies13
  • 7D3.0%
  • 3M11.5%
  • 1Y18.7%
  • YTD9.3%

Over the last 7 days, the Food industry has risen 2.2%, driven by gains in Premier Group and AVI of 6.9% and 4.4%, respectively. Meanwhile, Oceana Group actually underperformed within the industry, shrinking 5.1% in the last week. This takes the industry's 12 month performance to a gain of 18%. As for the next few years, earnings are expected to grow by 6.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025R148.3bR184.6bR12.4b7.6x11.9x0.8x
Thu, 16 Oct 2025R141.8bR183.3bR12.2b7.8x11.6x0.8x
Sat, 13 Sep 2025R136.1bR183.0bR12.2b7.7x11.2x0.7x
Mon, 11 Aug 2025R132.7bR184.1bR11.4b8.1x11.6x0.7x
Wed, 09 Jul 2025R133.9bR184.1bR11.4b8.1x11.7x0.7x
Fri, 06 Jun 2025R137.9bR182.9bR11.5b10.6x11.9x0.8x
Sun, 04 May 2025R131.8bR181.5bR10.6b9.5x12.4x0.7x
Tue, 01 Apr 2025R125.8bR181.5bR10.6b8.4x11.8x0.7x
Thu, 27 Feb 2025R127.2bR183.1bR10.6b9.1x12x0.7x
Sat, 25 Jan 2025R134.1bR183.1bR10.6b10.2x12.6x0.7x
Mon, 23 Dec 2024R141.7bR183.1bR10.6b11x13.3x0.8x
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
Price to Earnings Ratio

14.9x


Total Market Cap: R91.7bTotal Earnings: R6.2bTotal Revenue: R155.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 13.8x202320242025
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 11.9x which is lower than its 3-year average PE of 13.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 27% per year over the last three years.
  • Revenues for these companies have grown 6.1% 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 Market1.24%
Consumer Staples0.087%
Food2.99%
Agricultural Products6.00%
Packaged Foods and Meats2.99%
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 13.7x.
    • Analysts are expecting annual earnings growth of 6.7%, which is lower than the prior year's growth of 28.3% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 6.7% over the next 5 years.
  • However this is lower than its past earnings growth rate of 28% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 6.7% 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
ARL Astral FoodsR244.4810.3%
+R883.0m		42.8%PE16.2x
TBS Tiger BrandsR339.500.6%
+R297.6m		41.5%PE12.8x
PMR Premier GroupR170.500.6%
+R137.9m		47.6%PE16.1x
RFG RFG HoldingsR23.231.9%
+R111.6m		40.8%PE11.2x
QFH Quantum Foods HoldingsR8.036.2%
+R94.5m		-7.7%PE6.1x

Latest News

PMR
R170.50
Premier Group
7D
0.6%
1Y
47.6%
RCL
R9.69
RCL Foods
7D
0.1%
1Y
5.9%
RFG
R23.23
RFG Holdings
7D
1.9%
1Y
40.8%
AVI
R101.34
AVI
7D
-2.5%
1Y
-8.1%
BRT
R4.50
Brimstone Investment
7D
-10.0%
1Y
-16.7%
TBS
R339.50
Tiger Brands
7D
0.6%
1Y
41.5%
QFH
R8.03
Quantum Foods Holdings
7D
6.2%
1Y
-7.7%

Quantum Foods Holdings Ltd (JSE:QFH) Could Be Riskier Than It Looks

Oct 30
Quantum Foods Holdings Ltd (JSE:QFH) Could Be Riskier Than It Looks
ARL
R244.48
Astral Foods
7D
10.3%
1Y
42.8%
RBO
R4.59
Rainbow Chicken
7D
2.0%
1Y
33.0%
LBR
R4.42
Libstar Holdings
7D
-7.7%
1Y
-2.0%
CKS
R27.00
Crookes Brothers
7D
1.9%
1Y
-26.0%

Investors Don't See Light At End Of Crookes Brothers Limited's (JSE:CKS) Tunnel And Push Stock Down 26%

Sep 23
Investors Don't See Light At End Of Crookes Brothers Limited's (JSE:CKS) Tunnel And Push Stock Down 26%
SHG
R7.60
Sea Harvest Group
7D
-5.6%
1Y
-8.8%
OCE
R50.97
Oceana Group
7D
-5.4%
1Y
-26.0%