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South African (JSE) Food Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies12
  • 7D0.5%
  • 3M-6.0%
  • 1Y0.6%
  • YTD-11.9%

The Food industry has been flat over the last week, but Astral Foods has lost 5.5%. In line with that, the industry has also been flat over the past 12 months. 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
Sat, 06 Jun 2026R134.0bR175.2bR12.3b9.4x10.9x0.8x
Mon, 04 May 2026R139.0bR174.3bR12.4b10.3x11.2x0.8x
Wed, 01 Apr 2026R147.3bR182.4bR12.8b11x11.5x0.8x
Fri, 27 Feb 2026R156.6bR182.8bR12.7b10.4x12.4x0.9x
Sun, 25 Jan 2026R158.4bR182.8bR12.7b9.9x12.5x0.9x
Tue, 23 Dec 2025R155.6bR182.8bR12.7b9x12.3x0.9x
Thu, 20 Nov 2025R148.5bR186.4bR12.7b7.6x11.7x0.8x
Sat, 18 Oct 2025R142.7bR183.3bR12.2b7.8x11.7x0.8x
Mon, 15 Sep 2025R136.1bR183.0bR12.2b7.7x11.2x0.7x
Wed, 13 Aug 2025R134.4bR184.1bR11.4b10.1x11.8x0.7x
Fri, 11 Jul 2025R134.7bR184.1bR11.4b8x11.8x0.7x
Sun, 08 Jun 2025R139.1bR182.9bR11.5b10.6x12x0.8x
Tue, 06 May 2025R132.0bR181.5bR10.6b9.3x12.4x0.7x
Thu, 03 Apr 2025R126.2bR181.5bR10.6b8.5x11.9x0.7x
Sat, 01 Mar 2025R126.0bR183.1bR10.6b9.2x11.9x0.7x
Mon, 27 Jan 2025R134.1bR183.1bR10.6b10.2x12.6x0.7x
Wed, 25 Dec 2024R139.2bR183.1bR10.6b11.3x13.1x0.8x
Fri, 22 Nov 2024R130.7bR183.3bR10.5b10.9x12.5x0.7x
Sun, 20 Oct 2024R126.5bR182.1bR9.4b12.3x13.5x0.7x
Tue, 17 Sep 2024R123.0bR165.2bR6.7b10.8x18.4x0.7x
Thu, 15 Aug 2024R115.8bR194.9bR8.8b10.2x13.2x0.6x
Sat, 13 Jul 2024R115.0bR194.9bR8.8b10.3x13.1x0.6x
Mon, 10 Jun 2024R104.2bR180.8bR8.5b9.1x12.3x0.6x
Wed, 08 May 2024R103.8bR180.9bR8.0b9.3x13x0.6x
Fri, 05 Apr 2024R104.7bR180.9bR8.0b9.3x13.1x0.6x
Sun, 03 Mar 2024R102.7bR178.7bR7.2b10.3x14.3x0.6x
Tue, 30 Jan 2024R102.2bR194.5bR5.9b11.2x17.3x0.5x
Thu, 28 Dec 2023R99.8bR194.5bR5.9b10.4x16.9x0.5x
Sat, 25 Nov 2023R95.2bR193.0bR6.0b9.9x15.8x0.5x
Mon, 23 Oct 2023R88.9bR192.7bR7.0b9.3x12.7x0.5x
Wed, 20 Sep 2023R91.8bR192.7bR7.0b9.6x13.1x0.5x
Fri, 18 Aug 2023R93.5bR191.1bR7.3b9.4x12.9x0.5x
Sun, 16 Jul 2023R92.3bR191.1bR7.3b9.5x12.7x0.5x
Tue, 13 Jun 2023R88.4bR191.2bR7.5b9.3x11.8x0.5x
Price to Earnings Ratio

11.8x


Total Market Cap: R88.4bTotal Earnings: R7.5bTotal Revenue: R191.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food Industry Price to Earnings3Y Average 13.6x202420252026
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 10.9x which is lower than its 3-year average PE of 13.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.69x.
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-2.66%
Consumer Staples0.12%
Food0.46%
Agricultural Products1.47%
Packaged Foods and Meats0.46%
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 13.5x.
    • 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 7.9x.
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
TBS Tiger BrandsR284.152.5%
+R1.0b		-13.9%PE13.3x
OCE Oceana GroupR62.003.7%
+R263.4m		3.3%PE10.4x
RCL RCL FoodsR8.332.3%
+R170.7m		-16.1%PE6.8x
RBO Rainbow ChickenR5.941.5%
+R80.9m		48.5%PE5.8x
CKS Crookes BrothersR20.051.5%
+R4.4m		-34.3%PE6.1x

Latest News

ARL
R234.00
Astral Foods
7D
-5.5%
1Y
23.8%
TBS
R284.15
Tiger Brands
7D
2.5%
1Y
-13.9%
AVI
R93.65
AVI
7D
-0.7%
1Y
0.3%
Narrative Update • Jun 04

AVI: Stable Margins And Discount Rate Should Support Future Upside Potential

Analysts have kept their ZAR 125.25 price target for AVI unchanged, with only negligible model tweaks to discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News No recent company specific news items for AVI were provided in the supplied sources.
QFH
R9.97
Quantum Foods Holdings
7D
-0.2%
1Y
21.6%
OCE
R62.00
Oceana Group
7D
3.7%
1Y
3.3%
RCL
R8.33
RCL Foods
7D
2.3%
1Y
-16.1%
PMR
R170.15
Premier Group
7D
-0.4%
1Y
23.9%
Analysis Article • May 05

With EPS Growth And More, Premier Group (JSE:PMR) Makes An Interesting Case

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SHG
R8.30
Sea Harvest Group
7D
-4.0%
1Y
-2.4%
RBO
R5.94
Rainbow Chicken
7D
1.5%
1Y
48.5%
CKS
R20.05
Crookes Brothers
7D
1.5%
1Y
-34.3%