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South African (JSE) Food Industry Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies13
  • 7D-0.7%
  • 3M-3.4%
  • 1Y22.5%
  • YTD-6.4%

Over the last 7 days, the Food industry has remained flat, although notably Quantum Foods Holdings gained 7.2%. As for the the longer term, the industry is up 22% over the past 12 months. As for the next few years, earnings are expected to grow by 7.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Mar 2026R147.5bR182.2bR12.5b10.3x11.8x0.8x
Mon, 09 Feb 2026R162.2bR182.8bR12.7b10.2x12.8x0.9x
Wed, 07 Jan 2026R158.7bR182.8bR12.7b8.9x12.5x0.9x
Fri, 05 Dec 2025R155.6bR182.8bR12.7b8.6x12.2x0.9x
Sun, 02 Nov 2025R142.8bR183.3bR12.2b7.8x11.7x0.8x
Tue, 30 Sep 2025R138.1bR183.3bR12.2b7.7x11.3x0.8x
Thu, 28 Aug 2025R136.6bR184.1bR11.4b10x12x0.7x
Sat, 26 Jul 2025R131.8bR184.1bR11.4b8.1x11.5x0.7x
Mon, 23 Jun 2025R135.6bR184.0bR11.4b10.1x11.9x0.7x
Wed, 21 May 2025R133.7bR181.8bR10.4b10.1x12.8x0.7x
Fri, 18 Apr 2025R127.9bR181.5bR10.6b8.4x12x0.7x
Sun, 16 Mar 2025R121.9bR182.4bR11.1b8.7x10.9x0.7x
Tue, 11 Feb 2025R130.8bR183.1bR10.6b9.3x12.3x0.7x
Thu, 09 Jan 2025R139.1bR183.1bR10.6b11.3x13.1x0.8x
Sat, 07 Dec 2024R135.2bR183.1bR10.6b11x12.7x0.7x
Mon, 04 Nov 2024R128.4bR182.1bR9.4b12.3x13.7x0.7x
Wed, 02 Oct 2024R127.7bR167.7bR9.2b12.5x13.9x0.8x
Fri, 30 Aug 2024R120.2bR193.7bR8.4b11.2x14.4x0.6x
Sun, 28 Jul 2024R114.8bR194.9bR8.8b9.9x13.1x0.6x
Tue, 25 Jun 2024R112.7bR181.4bR8.9b9.9x12.7x0.6x
Thu, 23 May 2024R106.0bR181.3bR8.3b9.4x12.8x0.6x
Sat, 20 Apr 2024R101.7bR180.9bR8.0b9.5x12.7x0.6x
Mon, 18 Mar 2024R106.2bR180.9bR8.0b9x13.3x0.6x
Wed, 14 Feb 2024R102.4bR178.7bR7.2b9.7x14.3x0.6x
Fri, 12 Jan 2024R100.1bR194.5bR5.9b10.5x17x0.5x
Sun, 10 Dec 2023R97.7bR194.5bR5.9b10.5x16.6x0.5x
Tue, 07 Nov 2023R91.0bR192.7bR7.0b9.7x13x0.5x
Thu, 05 Oct 2023R89.5bR192.7bR7.0b9.4x12.8x0.5x
Sat, 02 Sep 2023R94.0bR191.1bR7.3b9.4x13x0.5x
Mon, 31 Jul 2023R91.4bR191.1bR7.3b9.4x12.6x0.5x
Wed, 28 Jun 2023R90.1bR191.2bR7.5b9.4x12.1x0.5x
Fri, 26 May 2023R90.9bR168.2bR6.5b10.1x14.1x0.5x
Sun, 23 Apr 2023R96.9bR167.6bR6.9b10.7x13.9x0.6x
Tue, 21 Mar 2023R86.2bR167.6bR7.0b10.3x12.4x0.5x
Price to Earnings Ratio

12.4x


Total Market Cap: R86.2bTotal Earnings: R7.0bTotal Revenue: R167.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 13.8x202420252026
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 11.8x which is lower than its 3-year average PE of 13.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 2.8% 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-1.90%
Consumer Staples-1.94%
Food-0.68%
Agricultural Products0.056%
Packaged Foods and Meats-0.68%
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 13.7x.
    • Analysts are expecting annual earnings growth of 7.2%, which is lower than the prior year's growth of 22.3% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 7.2% over the next 5 years.
  • However this is lower than its past earnings growth rate of 22% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 7.2% 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
QFH Quantum Foods HoldingsR11.797.2%
+R160.4m		88.3%PE8.6x
SHG Sea Harvest GroupR9.493.2%
+R95.8m		42.1%PE9.6x
PMR Premier GroupR170.920.1%
+R25.8m		43.6%PE16.2x
AVI AVIR104.050.07%
+R23.3m		19.4%PE13.4x
OCE Oceana GroupR55.610.2%
+R13.2m		-2.0%PE9.9x

Latest News

LBR
R4.51
Libstar Holdings
7D
-1.1%
1Y
18.7%

LBR: Modest Assumption Tweaks Will Likely Support Balanced Forward Risk Profile

Analysts have raised their price target for Libstar Holdings from ZAR3.98 to ZAR4.70, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E expectations. What's in the News Libstar Holdings plans an analyst and investor day, giving you a chance to hear directly from management on the group’s priorities, key growth drivers, and roadmap for sustainable value creation (Key Developments).
ARL
R260.01
Astral Foods
7D
-2.4%
1Y
61.5%
TBS
R293.25
Tiger Brands
7D
-1.8%
1Y
11.9%

TBS: Pending Special Dividend Will Highlight Limited Change In Underlying Earnings Risk

Analysts have kept their ZAR280.00 price target for Tiger Brands unchanged, citing only small tweaks to their models with slightly different assumptions for revenue growth, profit margins and future P/E multiples rather than a shift in overall view. What's in the News Tiger Brands announced a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per ordinary share, declared on 26 November 2025 (Key Developments).
AVI
R104.05
AVI
7D
0.07%
1Y
19.4%
SHG
R9.49
Sea Harvest Group
7D
3.2%
1Y
42.1%
QFH
R11.79
Quantum Foods Holdings
7D
7.2%
1Y
88.3%
RCL
R8.97
RCL Foods
7D
-1.2%
1Y
-10.1%
PMR
R170.92
Premier Group
7D
0.1%
1Y
43.6%
OCE
R55.61
Oceana Group
7D
0.2%
1Y
-2.0%
RBO
R6.99
Rainbow Chicken
7D
-2.6%
1Y
118.4%
CKS
R18.01
Crookes Brothers
7D
0.06%
1Y
-37.9%
RFG
R24.28
RFG Holdings
7D
0.1%
1Y
28.1%