AVI Limited

JSE:AVI Stock Report

Market Cap: R32.1b

AVI Valuation

Is AVI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AVI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

R110.61
Fair Value
12.8% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: AVI (ZAR96.5) is trading below our estimate of fair value (ZAR110.61)

Significantly Below Fair Value: AVI is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AVI?

Key metric: As AVI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AVI. This is calculated by dividing AVI's market cap by their current earnings.
What is AVI's PE Ratio?
PE Ratio13.2x
EarningsR2.43b
Market CapR32.05b

Price to Earnings Ratio vs Peers

How does AVI's PE Ratio compare to its peers?

The above table shows the PE ratio for AVI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.7x
TBS Tiger Brands
12.4x-7.13%R48.9b
PMR Premier Group
17.3x16.29%R20.9b
ARL Astral Foods
14.9x34.64%R8.6b
RCL RCL Foods
6.2xn/aR8.7b
AVI AVI
13.2xn/aR32.1b

Price-To-Earnings vs Peers: AVI is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (12.7x).

Price to Earnings Ratio vs Industry

How does AVI's PE Ratio compare vs other companies in the African Food Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
AVI 13.2xIndustry Avg. 13.8xNo. of Companies10PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AVI is good value based on its Price-To-Earnings Ratio (13.2x) compared to the African Food industry average (13.8x).

Price to Earnings Ratio vs Fair Ratio

What is AVI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AVI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AVI's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AVI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR96.50
R116.50
+20.73%
8.18%R122.00R100.00n/a4
Oct ’26R98.70
R116.00
+17.53%
7.99%R122.00R100.00n/a4
Sep ’26R93.35
R108.25
+15.96%
8.72%R120.00R98.00n/a4
Aug ’26R93.30
R108.25
+16.02%
8.72%R120.00R98.00n/a4
Jul ’26R94.52
R107.60
+13.84%
7.94%R120.00R98.00n/a5
Jun ’26R94.45
R107.60
+13.92%
7.94%R120.00R98.00n/a5
May ’26R90.40
R107.60
+19.03%
7.94%R120.00R98.00n/a5
Apr ’26R90.50
R107.60
+18.90%
7.94%R120.00R98.00n/a5
Mar ’26R93.40
R117.04
+25.31%
6.19%R127.20R105.00n/a5
Feb ’26R98.52
R120.05
+21.85%
3.74%R127.20R115.00n/a4
Jan ’26R109.72
R120.05
+9.41%
3.74%R127.20R115.00n/a4
Dec ’25R109.88
R120.05
+9.26%
3.74%R127.20R115.00n/a4
Nov ’25R110.00
R120.73
+9.76%
4.15%R127.20R115.00R96.503
Oct ’25R109.00
R111.00
+1.83%
8.11%R120.00R102.00R98.702
Sep ’25R101.74
R96.67
-4.99%
6.40%R102.00R88.00R93.353
Aug ’25R98.14
R96.00
-2.18%
7.48%R105.00R87.00R93.305
Jul ’25R97.06
R94.40
-2.74%
7.42%R105.00R87.00R94.525
Jun ’25R84.83
R93.20
+9.87%
6.90%R105.00R87.00R94.455
May ’25R86.90
R93.20
+7.25%
6.90%R105.00R87.00R90.405
Apr ’25R91.35
R93.20
+2.03%
6.90%R105.00R87.00R90.505
Mar ’25R89.34
R87.60
-1.95%
2.94%R92.00R85.00R93.405
Feb ’25R83.13
R87.60
+5.38%
2.94%R92.00R85.00R98.525
Jan ’25R82.07
R83.40
+1.62%
3.98%R88.00R78.00R109.725
Dec ’24R77.25
R83.40
+7.96%
3.98%R88.00R78.00R109.885
Nov ’24R71.19
R82.60
+16.03%
5.06%R88.00R76.00R110.005
R116.5
Fair Value
17.2% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/03 10:37
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AVI Limited is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Samantha NaickerAbsa Bank Limited
Paul Henri SteegersBofA Global Research
Sa'ad ChothiaCitigroup Inc