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South African (JSE) Food Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies12
  • 7D1.3%
  • 3M-0.9%
  • 1Y7.0%
  • YTD-7.7%

In the last week, the Food industry is up 2.3%, with Premier Group up 4.8%. In the last 12 months, the industry was up 8.1%. 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
Tue, 23 Jun 2026R138.9bR175.2bR12.3b9.9x11.3x0.8x
Thu, 21 May 2026R133.3bR175.5bR13.1b9.1x10.2x0.8x
Sat, 18 Apr 2026R141.6bR174.3bR12.4b10.5x11.4x0.8x
Mon, 16 Mar 2026R147.6bR182.2bR12.5b10.3x11.8x0.8x
Wed, 11 Feb 2026R159.7bR182.8bR12.7b10.3x12.6x0.9x
Fri, 09 Jan 2026R162.1bR182.8bR12.7b8.9x12.8x0.9x
Sun, 07 Dec 2025R155.4bR182.8bR12.7b8.7x12.2x0.8x
Tue, 04 Nov 2025R143.2bR183.3bR12.2b7.9x11.8x0.8x
Thu, 02 Oct 2025R139.8bR183.3bR12.2b7.7x11.5x0.8x
Sat, 30 Aug 2025R136.8bR183.9bR11.4b9x12x0.7x
Mon, 28 Jul 2025R131.8bR184.1bR11.4b8.1x11.5x0.7x
Wed, 25 Jun 2025R136.5bR184.0bR11.4b10.2x12x0.7x
Fri, 23 May 2025R134.2bR182.0bR10.4b10.2x12.9x0.7x
Sun, 20 Apr 2025R127.9bR181.5bR10.6b8.4x12x0.7x
Tue, 18 Mar 2025R123.4bR182.4bR11.1b8.6x11.1x0.7x
Thu, 13 Feb 2025R130.2bR183.1bR10.6b9.4x12.3x0.7x
Sat, 11 Jan 2025R137.3bR183.1bR10.6b10.7x12.9x0.7x
Mon, 09 Dec 2024R135.1bR183.1bR10.6b11x12.7x0.7x
Wed, 06 Nov 2024R129.1bR182.1bR9.4b12.5x13.7x0.7x
Fri, 04 Oct 2024R127.5bR312.8bR11.1b10.8x11.5x0.4x
Sun, 01 Sep 2024R119.8bR193.7bR8.4b11x14.3x0.6x
Tue, 30 Jul 2024R115.4bR194.9bR8.8b10.2x13.1x0.6x
Thu, 27 Jun 2024R109.7bR181.4bR8.9b10x12.3x0.6x
Sat, 25 May 2024R105.2bR181.3bR8.3b9.4x12.7x0.6x
Mon, 22 Apr 2024R102.2bR180.9bR8.0b9.5x12.8x0.6x
Wed, 20 Mar 2024R104.6bR180.9bR8.0b9.1x13.1x0.6x
Fri, 16 Feb 2024R103.1bR178.7bR7.2b10.2x14.4x0.6x
Sun, 14 Jan 2024R99.3bR194.5bR5.9b10.5x16.8x0.5x
Tue, 12 Dec 2023R98.2bR194.5bR5.9b10.6x16.6x0.5x
Thu, 09 Nov 2023R91.2bR192.7bR7.0b9.7x13x0.5x
Sat, 07 Oct 2023R88.8bR192.7bR7.0b9.6x12.7x0.5x
Mon, 04 Sep 2023R94.0bR191.1bR7.3b9.4x13x0.5x
Wed, 02 Aug 2023R92.1bR191.1bR7.3b9.3x12.7x0.5x
Fri, 30 Jun 2023R90.3bR191.2bR7.5b9.7x12.1x0.5x
Price to Earnings Ratio

12.1x


Total Market Cap: R90.3bTotal 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 11.3x 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 Market-1.80%
Consumer Staples1.75%
Food1.34%
Packaged Foods and Meats1.35%
Agricultural Products-1.02%
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 GroupR189.114.1%
+R955.2m		33.7%PE17.9x
AVI AVIR99.001.0%
+R338.8m		6.5%PE12.7x
OCE Oceana GroupR67.504.0%
+R307.7m		24.6%PE11.4x
ARL Astral FoodsR233.001.5%
+R135.4m		27.4%PE5.7x
RCL RCL FoodsR8.201.2%
+R89.9m		-16.3%PE6.7x

Latest News

PMR
R189.11
Premier Group
7D
4.1%
1Y
33.7%
OCE
R67.50
Oceana Group
7D
4.0%
1Y
24.6%
LBR
R4.25
Libstar Holdings
7D
3.2%
1Y
30.8%
AVI
R99.00
AVI
7D
1.0%
1Y
6.5%
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.
CKS
R20.30
Crookes Brothers
7D
-1.0%
1Y
-30.0%
ARL
R233.00
Astral Foods
7D
1.5%
1Y
27.4%
TBS
R293.10
Tiger Brands
7D
-0.1%
1Y
-8.2%
RCL
R8.20
RCL Foods
7D
1.2%
1Y
-16.3%
SHG
R8.30
Sea Harvest Group
7D
1.2%
1Y
0.6%
RBO
R5.95
Rainbow Chicken
7D
-0.8%
1Y
48.0%