Here's What To Make Of Tiger Brands' (JSE:TBS) Decelerating Rates Of Return
Apr 18
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South African (JSE) Food Industry Analysis
UpdatedMay 07, 2025
DataAggregated Company Financials
Companies14
- 7D1.3%
- 3M0.2%
- 1Y23.7%
- YTD-5.4%
Over the last 7 days, the Food industry has risen 1.3%, driven by gains from Tiger Brands of 2.9%. In the same time, Libstar Holdings was down 8.5%. This takes the industry's 12 month performance to a gain of 24%. Looking forward, earnings are forecast to grow by 8.1% annually.
Industry Valuation and Performance
Has the South African Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 08 May 2025 | R131.5b | R181.5b | R10.6b | 9.3x | 12.4x | 0.7x |
| Sat, 05 Apr 2025 | R118.7b | R181.5b | R10.6b | 8.4x | 11.2x | 0.7x |
| Mon, 03 Mar 2025 | R126.6b | R183.1b | R10.6b | 9.2x | 11.9x | 0.7x |
| Wed, 29 Jan 2025 | R132.7b | R183.1b | R10.6b | 10x | 12.5x | 0.7x |
| Fri, 27 Dec 2024 | R139.2b | R183.1b | R10.6b | 11.3x | 13.1x | 0.8x |
| Sun, 24 Nov 2024 | R131.7b | R183.3b | R10.5b | 11.4x | 12.5x | 0.7x |
| Tue, 22 Oct 2024 | R126.3b | R182.1b | R9.4b | 12.2x | 13.5x | 0.7x |
| Thu, 19 Sep 2024 | R123.3b | R181.0b | R8.9b | 11.1x | 13.8x | 0.7x |
| Sat, 17 Aug 2024 | R116.3b | R194.9b | R8.8b | 10.1x | 13.2x | 0.6x |
| Mon, 15 Jul 2024 | R115.0b | R194.9b | R8.8b | 10.3x | 13.1x | 0.6x |
| Wed, 12 Jun 2024 | R104.0b | R180.8b | R8.5b | 9.3x | 12.3x | 0.6x |
| Fri, 10 May 2024 | R104.0b | R180.9b | R8.0b | 9.4x | 13x | 0.6x |
| Sun, 07 Apr 2024 | R104.2b | R180.9b | R8.0b | 9.2x | 13.1x | 0.6x |
| Tue, 05 Mar 2024 | R102.3b | R179.2b | R7.4b | 8.9x | 13.9x | 0.6x |
| Thu, 01 Feb 2024 | R103.6b | R194.5b | R5.9b | 11.1x | 17.6x | 0.5x |
| Sat, 30 Dec 2023 | R100.2b | R194.5b | R5.9b | 10.5x | 17x | 0.5x |
| Mon, 27 Nov 2023 | R95.2b | R193.0b | R6.0b | 9.9x | 15.8x | 0.5x |
| Wed, 25 Oct 2023 | R89.5b | R192.7b | R7.0b | 9.4x | 12.8x | 0.5x |
| Fri, 22 Sep 2023 | R90.5b | R192.7b | R7.0b | 9.4x | 12.9x | 0.5x |
| Sun, 20 Aug 2023 | R92.6b | R191.1b | R7.3b | 9.3x | 12.8x | 0.5x |
| Tue, 18 Jul 2023 | R92.2b | R191.1b | R7.3b | 9.4x | 12.7x | 0.5x |
| Thu, 15 Jun 2023 | R91.9b | R191.2b | R7.5b | 9.4x | 12.3x | 0.5x |
| Sat, 13 May 2023 | R91.3b | R167.6b | R6.9b | 9.7x | 13.1x | 0.5x |
| Mon, 10 Apr 2023 | R98.8b | R167.6b | R7.0b | 10.7x | 14.2x | 0.6x |
| Wed, 08 Mar 2023 | R96.5b | R165.1b | R7.6b | 10.7x | 12.7x | 0.6x |
| Fri, 03 Feb 2023 | R95.7b | R161.5b | R7.7b | 11.4x | 12.4x | 0.6x |
| Sun, 01 Jan 2023 | R94.5b | R161.5b | R7.7b | 10.2x | 12.3x | 0.6x |
| Tue, 29 Nov 2022 | R92.4b | R155.8b | R6.1b | 9.5x | 15.1x | 0.6x |
| Thu, 27 Oct 2022 | R87.9b | R154.6b | R6.1b | 9.6x | 14.5x | 0.6x |
| Sat, 24 Sep 2022 | R87.0b | R154.6b | R6.1b | 10.2x | 14.4x | 0.6x |
| Mon, 22 Aug 2022 | R88.1b | R151.5b | R6.3b | 10x | 14x | 0.6x |
| Wed, 20 Jul 2022 | R81.2b | R151.5b | R6.3b | 10x | 12.9x | 0.5x |
| Fri, 17 Jun 2022 | R81.6b | R151.5b | R6.2b | 10.3x | 13.1x | 0.5x |
| Sun, 15 May 2022 | R79.8b | R148.8b | R6.1b | 9.7x | 13.1x | 0.5x |
Price to Earnings Ratio
13.1x
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 12.4x which is lower than its 3-year average PE of 14.2x.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 6.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the South African Consumer Staples industry?
| ZA Market | 0.64% | |
| Consumer Staples | 0.056% | |
| Food | 1.29% | |
| Agricultural Products | 10.91% | |
| Packaged Foods and Meats | 1.26% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 4.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 14.0x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 8.1% over the next 5 years.
- However this is lower than its past earnings growth rate of 16% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 8.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TBS Tiger Brands | R298.41 | 2.9% +R1.3b | 48.3% | PE15.8x | |
| AVI AVI | R93.00 | 2.9% +R860.5m | 4.9% | PE12.9x | |
| PMR Premier Group | R138.73 | 1.2% +R215.3m | 123.8% | PE16.9x | |
| CKS Crookes Brothers | R30.50 | 10.9% +R45.7m | 5.2% | PE18.7x |