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South African (JSE) Food Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies12
  • 7D1.9%
  • 3M-0.6%
  • 1Y6.7%
  • YTD-8.5%

The Food industry is up 2.2% in the last week, with Premier Group up 10%. This means that the industry has gained 6.9% over the past year. 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
Thu, 18 Jun 2026R137.8bR175.2bR12.3b9.7x11.2x0.8x
Sat, 16 May 2026R134.5bR174.3bR12.4b9.9x10.9x0.8x
Mon, 13 Apr 2026R140.1bR174.3bR12.4b10.4x11.3x0.8x
Wed, 11 Mar 2026R149.0bR181.3bR12.1b11.3x12.3x0.8x
Fri, 06 Feb 2026R160.0bR182.8bR12.7b10.1x12.6x0.9x
Sun, 04 Jan 2026R158.0bR182.8bR12.7b9.1x12.5x0.9x
Tue, 02 Dec 2025R153.3bR182.8bR12.7b8.6x12x0.8x
Thu, 30 Oct 2025R143.4bR183.3bR12.2b8x11.8x0.8x
Sat, 27 Sep 2025R137.8bR183.3bR12.2b7.5x11.3x0.8x
Mon, 25 Aug 2025R138.2bR184.1bR11.4b10x12.1x0.8x
Wed, 23 Jul 2025R131.0bR184.1bR11.4b7.8x11.5x0.7x
Fri, 20 Jun 2025R136.0bR184.0bR11.4b10.2x12x0.7x
Sun, 18 May 2025R133.9bR181.5bR10.6b9.6x12.6x0.7x
Tue, 15 Apr 2025R127.9bR181.5bR10.6b8.5x12x0.7x
Thu, 13 Mar 2025R121.7bR182.4bR11.1b8.8x10.9x0.7x
Sat, 08 Feb 2025R131.6bR183.1bR10.6b9.3x12.4x0.7x
Mon, 06 Jan 2025R138.8bR183.1bR10.6b11.3x13.1x0.8x
Wed, 04 Dec 2024R132.3bR182.7bR10.5b10.7x12.6x0.7x
Fri, 01 Nov 2024R127.0bR182.1bR9.4b12.3x13.5x0.7x
Sun, 29 Sep 2024R127.9bR181.0bR8.9b11.8x14.3x0.7x
Tue, 27 Aug 2024R120.5bR194.9bR8.8b10.5x13.7x0.6x
Thu, 25 Jul 2024R113.8bR194.9bR8.8b9.9x12.9x0.6x
Sat, 22 Jun 2024R113.5bR181.4bR8.9b9.9x12.8x0.6x
Mon, 20 May 2024R106.0bR180.9bR8.0b9.5x13.3x0.6x
Wed, 17 Apr 2024R103.1bR180.9bR8.0b9.3x12.9x0.6x
Fri, 15 Mar 2024R106.5bR180.5bR7.7b8.7x13.9x0.6x
Sun, 11 Feb 2024R103.5bR178.7bR7.2b10.2x14.4x0.6x
Tue, 09 Jan 2024R99.8bR194.5bR5.9b10.5x16.9x0.5x
Thu, 07 Dec 2023R97.2bR194.5bR5.9b10.5x16.5x0.5x
Sat, 04 Nov 2023R91.2bR192.7bR7.0b9.6x13x0.5x
Mon, 02 Oct 2023R90.1bR192.7bR7.0b9.3x12.9x0.5x
Wed, 30 Aug 2023R94.3bR191.1bR7.3b9.5x13x0.5x
Fri, 28 Jul 2023R90.1bR191.1bR7.3b9.7x12.4x0.5x
Sun, 25 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 Market4.66%
Consumer Staples0.61%
Food1.94%
Packaged Foods and Meats1.94%
Agricultural Products1.25%
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 12.7x.
    • 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 GroupR186.976.7%
+R1.5b		33.6%PE17.7x
AVI AVIR98.102.4%
+R767.3m		7.3%PE12.6x
OCE Oceana GroupR66.333.7%
+R281.4m		20.7%PE11.2x
TBS Tiger BrandsR290.630.6%
+R233.9m		-8.9%PE13.2x
LBR Libstar HoldingsR4.294.6%
+R113.2m		19.5%PE32.2x

Latest News

OCE
R66.33
Oceana Group
7D
3.7%
1Y
20.7%
CKS
R20.25
Crookes Brothers
7D
1.3%
1Y
-26.4%
AVI
R98.10
AVI
7D
2.4%
1Y
7.3%
LBR
R4.29
Libstar Holdings
7D
4.6%
1Y
19.5%
Narrative Update • Jun 05

LBR: Higher Multiple Expectations And Dividend Stability Will Support Future Upside

Analysts have lifted their ZAR fair value estimate for Libstar Holdings from ZAR4.70 to ZAR4.90, citing adjusted assumptions around discount rates, revenue growth, profit margins and a higher future P/E multiple as the key drivers behind the new price target. What's in the News At the Annual General Meeting on May 29, 2026, shareholders approved amendments to Libstar Holdings' Memorandum of Incorporation to align with changes to the JSE Listing Requirements.
ARL
R230.00
Astral Foods
7D
-0.3%
1Y
27.9%
TBS
R290.63
Tiger Brands
7D
0.6%
1Y
-8.9%
RCL
R8.08
RCL Foods
7D
-4.8%
1Y
-15.8%
PMR
R186.97
Premier Group
7D
6.7%
1Y
33.6%
Analysis Article • May 05

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
R8.21
Sea Harvest Group
7D
0.1%
1Y
-0.5%
RBO
R6.10
Rainbow Chicken
7D
1.8%
1Y
51.0%