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South African (JSE) Food Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies12
  • 7D0.8%
  • 3M-1.2%
  • 1Y6.4%
  • YTD-9.0%

Over the last 7 days, the Food industry has remained flat, although notably Premier Group gained 3.9%. The past year has been better, since the industry has gained 6.4% in that time. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Jun 2026R137.1bR175.2bR12.3b9.9x11.2x0.8x
Sun, 17 May 2026R134.5bR174.3bR12.4b9.9x10.9x0.8x
Tue, 14 Apr 2026R139.5bR174.3bR12.4b10.3x11.3x0.8x
Thu, 12 Mar 2026R149.7bR181.3bR12.1b11.3x12.3x0.8x
Sat, 07 Feb 2026R162.2bR182.8bR12.7b10.2x12.8x0.9x
Mon, 05 Jan 2026R158.0bR182.8bR12.7b9.1x12.5x0.9x
Wed, 03 Dec 2025R153.9bR182.8bR12.7b8.7x12.1x0.8x
Fri, 31 Oct 2025R143.2bR183.3bR12.2b7.9x11.8x0.8x
Sun, 28 Sep 2025R137.9bR183.3bR12.2b7.5x11.3x0.8x
Tue, 26 Aug 2025R137.6bR184.1bR11.4b9.8x12.1x0.7x
Thu, 24 Jul 2025R131.9bR184.1bR11.4b7.9x11.6x0.7x
Sat, 21 Jun 2025R135.6bR184.0bR11.4b10.1x11.9x0.7x
Mon, 19 May 2025R133.9bR181.5bR10.6b9.6x12.6x0.7x
Wed, 16 Apr 2025R128.9bR181.5bR10.6b8.4x12.1x0.7x
Fri, 14 Mar 2025R121.8bR182.4bR11.1b8.8x10.9x0.7x
Sun, 09 Feb 2025R131.6bR183.1bR10.6b9.3x12.4x0.7x
Tue, 07 Jan 2025R139.4bR183.1bR10.6b11.4x13.1x0.8x
Thu, 05 Dec 2024R134.4bR182.7bR10.5b10.8x12.8x0.7x
Sat, 02 Nov 2024R128.4bR182.1bR9.4b12.3x13.7x0.7x
Mon, 30 Sep 2024R127.9bR181.0bR8.9b11.8x14.3x0.7x
Wed, 28 Aug 2024R119.9bR194.9bR8.8b10.4x13.6x0.6x
Fri, 26 Jul 2024R114.4bR194.9bR8.8b10x13x0.6x
Sun, 23 Jun 2024R113.5bR181.4bR8.9b9.9x12.8x0.6x
Tue, 21 May 2024R106.1bR180.9bR8.0b9.5x13.3x0.6x
Thu, 18 Apr 2024R101.4bR180.9bR8.0b9.2x12.7x0.6x
Sat, 16 Mar 2024R106.2bR180.5bR7.7b8.8x13.9x0.6x
Mon, 12 Feb 2024R103.5bR178.7bR7.2b10.2x14.4x0.6x
Wed, 10 Jan 2024R100.1bR194.5bR5.9b10.5x17x0.5x
Fri, 08 Dec 2023R97.5bR194.5bR5.9b10.5x16.5x0.5x
Sun, 05 Nov 2023R91.2bR192.7bR7.0b9.6x13x0.5x
Tue, 03 Oct 2023R90.1bR192.7bR7.0b9.4x12.9x0.5x
Thu, 31 Aug 2023R94.6bR191.1bR7.3b9.4x13x0.5x
Sat, 29 Jul 2023R91.4bR191.1bR7.3b9.4x12.6x0.5x
Mon, 26 Jun 2023R90.5bR191.2bR7.5b9.3x12.1x0.5x
Price to Earnings Ratio

12.1x


Total Market Cap: R90.5bTotal Earnings: R7.5bTotal Revenue: R191.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 12.8x202420252026
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 11.2x which is lower than its 3-year average PE of 12.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 18% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.9% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the South African Consumer Staples industry?

ZA Market2.11%
Consumer Staples0.45%
Food0.77%
Agricultural Products1.50%
Packaged Foods and Meats0.77%
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 12.6x.
    • Analysts are expecting annual earnings growth of 12.0%, which is lower than the prior year's growth of 17.3% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 7.8x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 17% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 12% 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
PMR Premier GroupR185.003.9%
+R903.6m		37.0%PE17.5x
RCL RCL FoodsR8.084.1%
+R287.5m		-17.6%PE6.6x
AVI AVIR98.090.7%
+R239.1m		6.7%PE12.6x
OCE Oceana GroupR66.202.5%
+R194.0m		22.9%PE11.1x
SHG Sea Harvest GroupR8.503.9%
+R105.8m		3.0%PE8.6x

Latest News

LBR
R4.25
Libstar Holdings
7D
3.7%
1Y
21.4%
AVI
R98.09
AVI
7D
0.7%
1Y
6.7%
Narrative Update • Jun 18

AVI: Stable Margins And Discount Rate Should Support Future Upside Potential

Analysts have maintained their ZAR price target for AVI at ZAR125.25, citing largely consistent views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What’s in the News for AVI No recent AVI specific news items were identified in the provided sources.
OCE
R66.20
Oceana Group
7D
2.5%
1Y
22.9%
ARL
R230.55
Astral Foods
7D
1.0%
1Y
28.1%
TBS
R287.38
Tiger Brands
7D
-2.2%
1Y
-10.0%
RCL
R8.08
RCL Foods
7D
4.1%
1Y
-17.6%
PMR
R185.00
Premier Group
7D
3.9%
1Y
37.0%
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With EPS Growth And More, Premier Group (JSE:PMR) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
SHG
R8.50
Sea Harvest Group
7D
3.9%
1Y
3.0%
RBO
R5.99
Rainbow Chicken
7D
1.5%
1Y
48.3%