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South African (JSE) Packaged Foods and Meats Industry Analysis

UpdatedApr 18, 2026
DataAggregated Company Financials
Companies11
  • 7D1.0%
  • 3M-6.4%
  • 1Y16.3%
  • YTDn/a

Over the last 7 days, the Packaged Foods and Meats industry has remained flat, although notably RCL Foods gained 11%. As for the the longer term, the industry is up 15% over the past 12 months. As for the next few years, earnings are expected to grow by 5.3% per annum.

Industry Valuation and Performance

Has the South African Packaged Foods and Meats Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 Apr 2026R141.3bR173.4bR12.3b11.1x11.5x0.8x
Mon, 16 Mar 2026R147.3bR181.4bR12.4b10.8x11.8x0.8x
Wed, 11 Feb 2026R159.4bR182.0bR12.6b10.8x12.6x0.9x
Fri, 09 Jan 2026R161.8bR182.0bR12.6b9.6x12.8x0.9x
Sun, 07 Dec 2025R155.0bR182.0bR12.7b9.5x12.2x0.9x
Tue, 04 Nov 2025R142.8bR182.5bR12.1b8.4x11.8x0.8x
Thu, 02 Oct 2025R139.4bR182.5bR12.1b7.8x11.5x0.8x
Sat, 30 Aug 2025R136.4bR183.0bR11.3b10.5x12x0.7x
Mon, 28 Jul 2025R131.4bR183.3bR11.3b8.1x11.6x0.7x
Wed, 25 Jun 2025R136.0bR183.3bR11.3b8.3x12x0.7x
Fri, 23 May 2025R133.7bR181.2bR10.4b9.8x12.9x0.7x
Sun, 20 Apr 2025R127.5bR180.7bR10.6b8.4x12x0.7x
Tue, 18 Mar 2025R122.9bR181.6bR11.1b8.4x11.1x0.7x
Thu, 13 Feb 2025R129.7bR182.3bR10.6b9.2x12.2x0.7x
Sat, 11 Jan 2025R136.8bR182.3bR10.6b10.4x12.9x0.8x
Mon, 09 Dec 2024R134.6bR182.3bR10.6b10.8x12.7x0.7x
Wed, 06 Nov 2024R128.5bR181.4bR9.4b11.6x13.7x0.7x
Fri, 04 Oct 2024R127.0bR312.1bR11.0b9.9x11.5x0.4x
Sun, 01 Sep 2024R119.3bR192.9bR8.3b10.8x14.3x0.6x
Tue, 30 Jul 2024R114.8bR194.1bR8.8b10.2x13.1x0.6x
Thu, 27 Jun 2024R109.3bR180.7bR9.0b10x12.1x0.6x
Sat, 25 May 2024R104.7bR180.6bR8.4b9.4x12.5x0.6x
Mon, 22 Apr 2024R101.8bR180.2bR8.1b9.5x12.6x0.6x
Wed, 20 Mar 2024R104.2bR180.2bR8.1b9.1x12.9x0.6x
Fri, 16 Feb 2024R102.7bR178.0bR7.3b10.2x14.1x0.6x
Sun, 14 Jan 2024R98.8bR193.9bR6.0b10.5x16.4x0.5x
Tue, 12 Dec 2023R97.8bR193.9bR6.0b10.6x16.2x0.5x
Thu, 09 Nov 2023R90.8bR192.1bR7.2b9.7x12.6x0.5x
Sat, 07 Oct 2023R88.4bR192.1bR7.2b9.6x12.3x0.5x
Mon, 04 Sep 2023R93.5bR190.5bR7.4b9.4x12.6x0.5x
Wed, 02 Aug 2023R91.7bR190.5bR7.4b9.3x12.3x0.5x
Fri, 30 Jun 2023R89.8bR190.5bR7.4b9.5x12.1x0.5x
Sun, 28 May 2023R91.2bR168.5bR6.5b10x14.1x0.5x
Tue, 25 Apr 2023R96.7bR167.0bR6.9b10.5x14x0.6x
Price to Earnings Ratio

14x


Total Market Cap: R96.7bTotal Earnings: R6.9bTotal Revenue: R167.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Packaged Foods and Meats Industry Price to Earnings3Y Average 13.6x202420252026
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 11.3x which is lower than its 3-year average PE of 13.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
  • The earnings for companies in the Packaged Foods and Meats industry have grown 21% 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.

Industry Comparison

How does South African Packaged Foods and Meats compare with similar industries?

ZA Market1.88%
Consumer Staples2.16%
Food1.06%
Packaged Foods and Meats1.05%
Agricultural Products6.89%
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?

CompanyLast Price7D1YValuation
RCL RCL FoodsR9.1110.8%
+R799.7m		-3.9%PE7.5x
TBS Tiger BrandsR303.091.0%
+R465.3m		5.9%PE11.1x
AVI AVIR101.011.1%
+R358.7m		11.4%PE13x
RBO Rainbow ChickenR6.993.2%
+R197.7m		121.9%PE6.8x
OCE Oceana GroupR55.651.1%
+R71.8m		-8.8%PE9.9x

Latest News

QFH
R9.99
Quantum Foods Holdings
7D
-15.6%
1Y
52.3%
AVI
R101.01
AVI
7D
1.1%
1Y
11.4%

AVI: Slightly Higher P/E Expectations Will Support Stronger Intrinsic Upside

Analysts have trimmed their price target on AVI slightly from ZAR126.50 to ZAR125.75. This reflects updated views on revenue growth, profit margins and the stock's future P/E multiple.
LBR
R4.60
Libstar Holdings
7D
-1.7%
1Y
43.8%

LBR: Dividend Outlook And Lower Impairments Will Support Steady Risk Profile

Analysts have kept their valuation drivers for Libstar Holdings broadly unchanged, resulting in a steady analyst price target around ZAR4.70 as they continue to see similar assumptions for discount rate, revenue growth, profit margin and future P/E. What's in the News Announced an annual dividend of ZAR0.2800 per share, with an ex-dividend date of April 8, 2026, record date of April 10, 2026, and payment date of April 13, 2026 (Key Developments).
TBS
R303.09
Tiger Brands
7D
1.0%
1Y
5.9%

TBS: Special Dividend And Buybacks Will Support Improved Earnings Quality

Analysts now set their Tiger Brands price target at ZAR348.00, slightly below the prior ZAR350.75, reflecting updated views that incorporate a modest adjustment to discount rates, revenue growth expectations, profit margins and the assumed future P/E multiple. Valuation Changes Fair Value: ZAR348.00, slightly below the prior ZAR350.75.
ARL
R257.54
Astral Foods
7D
-0.6%
1Y
57.2%
RBO
R6.99
Rainbow Chicken
7D
3.2%
1Y
121.9%
SHG
R8.45
Sea Harvest Group
7D
0.6%
1Y
26.1%
RCL
R9.11
RCL Foods
7D
10.8%
1Y
-3.9%
PMR
R173.30
Premier Group
7D
0.2%
1Y
33.8%
OCE
R55.65
Oceana Group
7D
1.1%
1Y
-8.8%