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South African (JSE) Food Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies12
  • 7D0.4%
  • 3M0.8%
  • 1Y7.8%
  • YTD-6.4%

In the last week, the Food industry is flat overall, with Rainbow Chicken standing out by going down 4.2%. As for the the longer term, the industry is up 7.8% over the past 12 months. Looking forward, earnings are forecast to grow by 9.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026R146.9bR175.9bR12.5b10x11.8x0.8x
Mon, 25 May 2026R133.4bR175.0bR13.2b9.2x10.1x0.8x
Wed, 22 Apr 2026R141.5bR174.3bR12.4b10.5x11.4x0.8x
Fri, 20 Mar 2026R143.3bR182.4bR12.8b10.3x11.2x0.8x
Sun, 15 Feb 2026R160.7bR182.8bR12.7b10.4x12.7x0.9x
Tue, 13 Jan 2026R162.0bR182.8bR12.7b9x12.8x0.9x
Thu, 11 Dec 2025R152.8bR182.8bR12.7b8.7x12x0.8x
Sat, 08 Nov 2025R144.0bR184.0bR12.3b7.7x11.7x0.8x
Mon, 06 Oct 2025R139.9bR183.3bR12.2b7.8x11.5x0.8x
Wed, 03 Sep 2025R135.1bR182.9bR12.1b7.8x11.1x0.7x
Fri, 01 Aug 2025R133.4bR184.1bR11.4b8x11.7x0.7x
Sun, 29 Jun 2025R137.5bR184.0bR11.4b10x12.1x0.7x
Tue, 27 May 2025R137.1bR182.6bR10.5b9.3x13x0.8x
Thu, 24 Apr 2025R128.8bR181.5bR10.6b8.9x12.1x0.7x
Sat, 22 Mar 2025R122.8bR181.5bR10.6b9.2x11.6x0.7x
Mon, 17 Feb 2025R129.1bR183.1bR10.6b9.4x12.1x0.7x
Wed, 15 Jan 2025R135.4bR183.1bR10.6b10x12.7x0.7x
Fri, 13 Dec 2024R139.6bR183.1bR10.6b11.2x13.1x0.8x
Sun, 10 Nov 2024R129.4bR182.1bR9.4b12.1x13.8x0.7x
Tue, 08 Oct 2024R127.8bR312.8bR11.1b10.8x11.6x0.4x
Thu, 05 Sep 2024R118.6bR180.3bR8.7b11x13.7x0.7x
Sat, 03 Aug 2024R115.6bR194.9bR8.8b10.1x13.2x0.6x
Mon, 01 Jul 2024R112.5bR181.4bR9.0b10.1x12.4x0.6x
Wed, 29 May 2024R104.1bR180.8bR8.5b9.5x12.3x0.6x
Fri, 26 Apr 2024R100.9bR180.9bR8.0b9.2x12.7x0.6x
Sun, 24 Mar 2024R104.9bR180.9bR8.0b9x13.1x0.6x
Tue, 20 Feb 2024R103.4bR178.7bR7.2b10.2x14.4x0.6x
Thu, 18 Jan 2024R97.4bR194.5bR5.9b10.5x16.5x0.5x
Sat, 16 Dec 2023R100.2bR194.5bR5.9b10.4x17x0.5x
Mon, 13 Nov 2023R90.7bR192.7bR7.0b9.5x12.9x0.5x
Wed, 11 Oct 2023R89.2bR192.7bR7.0b9.4x12.7x0.5x
Fri, 08 Sep 2023R91.1bR192.5bR7.1b9.1x12.8x0.5x
Sun, 06 Aug 2023R91.0bR191.1bR7.3b9.3x12.5x0.5x
Tue, 04 Jul 2023R91.4bR191.1bR7.3b9.5x12.6x0.5x
Price to Earnings Ratio

12.6x


Total Market Cap: R91.4bTotal Earnings: R7.3bTotal Revenue: R191.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 12.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the South African Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio 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 20% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.7% 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 Market-2.24%
Consumer Staples-1.53%
Food0.41%
Packaged Foods and Meats0.41%
Agricultural Products0%0
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 12.6x.
    • Analysts are expecting annual earnings growth of 9.2%, 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 9.2% 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 9.2% 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 GroupR195.002.4%
+R749.0m		38.3%PE20.8x
TBS Tiger BrandsR293.500.5%
+R206.1m		-8.3%PE13.3x
SHG Sea Harvest GroupR8.584.5%
+R122.3m		4.6%PE8.6x
AVI AVIR99.780.1%
+R46.5m		5.3%PE12.8x
BRT Brimstone InvestmentR5.050.8%
+R9.6m		10.3%PE27.6x

Latest News

PMR
R195.00
Premier Group
7D
2.4%
1Y
38.3%
Analysis Article • Jun 24

Investors Shouldn't Be Too Comfortable With Premier Group's (JSE:PMR) Earnings

Premier Group Limited ( JSE:PMR ) just reported some strong earnings, and the market reacted accordingly with a healthy...
TBS
R293.50
Tiger Brands
7D
0.5%
1Y
-8.3%
OCE
R66.98
Oceana Group
7D
-0.2%
1Y
27.6%
AVI
R99.78
AVI
7D
0.1%
1Y
5.3%
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.
QFH
R10.85
Quantum Foods Holdings
7D
-0.4%
1Y
17.9%
BRT
R5.05
Brimstone Investment
7D
0.8%
1Y
10.3%
ARL
R233.05
Astral Foods
7D
-0.8%
1Y
29.8%
RCL
R7.85
RCL Foods
7D
-2.8%
1Y
-24.9%
SHG
R8.58
Sea Harvest Group
7D
4.5%
1Y
4.6%
RBO
R5.75
Rainbow Chicken
7D
-4.2%
1Y
39.2%