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Has the South African Food Industry valuation changed over the past few years?
|Wed, 01 Dec 2021||R95.5b||R132.7b||R6.8b||10x|
|Fri, 29 Oct 2021||R99.6b||R131.4b||R7.2b||11.4x|
|Sun, 26 Sep 2021||R99.7b||R131.4b||R7.2b||10x|
|Tue, 24 Aug 2021||R92.5b||R131.4b||R7.2b||10x|
|Wed, 30 Jun 2021||R95.8b||R130.2b||R6.3b||13.9x|
|Sat, 03 Apr 2021||R97.5b||R128.6b||R5.1b||13.1x|
|Tue, 05 Jan 2021||R94.6b||R127.3b||R4.5b||11.1x|
|Fri, 09 Oct 2020||R90.2b||R125.3b||R4.6b||11.7x|
|Thu, 02 Jul 2020||R90.8b||R122.1b||R6.8b||12x|
|Sun, 05 Apr 2020||R91.0b||R120.7b||R7.2b||11.5x|
|Wed, 08 Jan 2020||R105.7b||R119.8b||R8.1b||11.7x|
|Tue, 01 Oct 2019||R100.6b||R118.5b||R8.4b||13.1x|
|Fri, 05 Jul 2019||R110.0b||R116.6b||R6.8b||13.1x|
|Mon, 08 Apr 2019||R118.8b||R114.9b||R7.5b||14.7x|
|Thu, 10 Jan 2019||R123.9b||R113.2b||R8.1b||12.8x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 12.1x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Food industry have grown 3.7% per year over the last three years, while revenues have remained mostly flat. This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Which industries have driven the changes within the South African Food industry?
|Packaged Foods and Meats||-3.14%|
Industry PE: Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 11.4x. This is likely because analysts are expecting annual earnings growth of 17%, which is higher than its past year's earnings decline of 0.08% per year.
Forecasted Growth: Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 17% over the next 5 years. This is better than its past earnings decline of 0.08% per year.
Which companies have driven the market over the last 7 days?
Quantum Foods Holdings
Sea Harvest Group