Investor Optimism Abounds Tiger Brands Limited (JSE:TBS) But Growth Is Lacking
Apr 13
South African (JSE) Packaged Foods and Meats Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies12
- 7D-0.9%
- 3M-0.6%
- 1Y4.6%
- YTDn/a
Last week, the Packaged Foods and Meats industry hasn't moved much but RCL Foods is up 4.7% in that time. As for the the longer term, the industry is up 5.4% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the South African Packaged Foods and Meats Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | R100.5b | R180.2b | R8.1b | 9.2x | 12.4x | 0.6x |
| Sun, 24 Mar 2024 | R104.4b | R180.2b | R8.1b | 9x | 12.9x | 0.6x |
| Tue, 20 Feb 2024 | R102.9b | R178.0b | R7.3b | 10.2x | 14.1x | 0.6x |
| Thu, 18 Jan 2024 | R96.9b | R193.9b | R6.0b | 10.5x | 16.1x | 0.5x |
| Sat, 16 Dec 2023 | R99.8b | R193.9b | R6.0b | 10.4x | 16.6x | 0.5x |
| Mon, 13 Nov 2023 | R90.2b | R192.1b | R7.2b | 9.5x | 12.6x | 0.5x |
| Wed, 11 Oct 2023 | R88.8b | R192.1b | R7.2b | 9.4x | 12.4x | 0.5x |
| Fri, 08 Sep 2023 | R90.6b | R191.9b | R7.3b | 9.1x | 12.5x | 0.5x |
| Sun, 06 Aug 2023 | R90.5b | R190.5b | R7.4b | 9.3x | 12.2x | 0.5x |
| Tue, 04 Jul 2023 | R90.9b | R190.5b | R7.4b | 9.5x | 12.2x | 0.5x |
| Thu, 01 Jun 2023 | R83.9b | R171.1b | R6.4b | 9.6x | 13.1x | 0.5x |
| Sat, 29 Apr 2023 | R96.1b | R167.0b | R6.9b | 10.2x | 13.9x | 0.6x |
| Mon, 27 Mar 2023 | R87.6b | R167.0b | R6.9b | 10.4x | 12.7x | 0.5x |
| Wed, 22 Feb 2023 | R94.8b | R160.8b | R7.7b | 10.2x | 12.4x | 0.6x |
| Fri, 20 Jan 2023 | R96.7b | R160.8b | R7.7b | 10.4x | 12.6x | 0.6x |
| Sun, 18 Dec 2022 | R96.6b | R160.2b | R7.7b | 9.7x | 12.5x | 0.6x |
| Tue, 15 Nov 2022 | R90.0b | R154.0b | R6.0b | 10.2x | 15x | 0.6x |
| Thu, 13 Oct 2022 | R88.2b | R154.0b | R6.0b | 10.1x | 14.7x | 0.6x |
| Sat, 10 Sep 2022 | R86.1b | R153.6b | R6.0b | 10.6x | 14.4x | 0.6x |
| Mon, 08 Aug 2022 | R83.2b | R150.8b | R6.2b | 10.3x | 13.3x | 0.6x |
| Wed, 06 Jul 2022 | R79.2b | R150.8b | R6.2b | 10.4x | 12.7x | 0.5x |
| Fri, 03 Jun 2022 | R81.5b | R150.9b | R6.5b | 10x | 12.6x | 0.5x |
| Sun, 01 May 2022 | R83.6b | R148.2b | R6.1b | 10x | 13.7x | 0.6x |
| Tue, 29 Mar 2022 | R86.4b | R148.0b | R5.8b | 10.6x | 14.9x | 0.6x |
| Thu, 24 Feb 2022 | R93.4b | R147.5b | R5.5b | 13.3x | 17x | 0.6x |
| Sat, 22 Jan 2022 | R95.6b | R147.5b | R5.5b | 11.8x | 17.4x | 0.6x |
| Mon, 20 Dec 2021 | R92.9b | R132.1b | R6.8b | 12.1x | 13.7x | 0.7x |
| Wed, 17 Nov 2021 | R99.6b | R130.7b | R7.2b | 10.1x | 13.8x | 0.8x |
| Fri, 15 Oct 2021 | R98.1b | R130.7b | R7.2b | 10x | 13.6x | 0.8x |
| Sun, 12 Sep 2021 | R91.1b | R130.7b | R7.2b | 9.8x | 12.6x | 0.7x |
| Tue, 10 Aug 2021 | R88.8b | R130.7b | R7.2b | 9.5x | 12.3x | 0.7x |
| Mon, 03 May 2021 | R92.4b | R129.2b | R6.0b | 13x | 15.4x | 0.7x |
Price to Earnings Ratio
15.4x
Current Industry PE
- Investors are pessimistic on the South African Packaged Foods and Meats 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 12.5x which is lower than its 3-year average PE of 14.7x.
- The industry is trading close to its 3-year average PS ratio of 0.62x.
Past Earnings Growth
- The earnings for companies in the Packaged Foods and Meats industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does South African Packaged Foods and Meats compare with similar industries?
| ZA Market | -0.35% | |
| Consumer Staples | 1.12% | |
| Food | -0.83% | |
| Packaged Foods and Meats | -0.87% | |
| Agricultural Products | 9.34% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RCL RCL Foods | R10.00 | 4.7% +R400.6m | -13.0% | PE10.3x | |
| QFH Quantum Foods Holdings | R16.00 | 4.8% +R148.0m | 255.6% | PS0.5x | |
| SHG Sea Harvest Group | R7.99 | 4.4% +R93.6m | -24.9% | PE7.8x |
