South African (JSE) Food Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 08 May 2024	R103.8b	R180.9b	R8.0b	9.3x	13x	0.6x
Fri, 05 Apr 2024	R104.7b	R180.9b	R8.0b	9.3x	13.1x	0.6x
Sun, 03 Mar 2024	R102.7b	R178.7b	R7.2b	10.3x	14.3x	0.6x
Tue, 30 Jan 2024	R102.2b	R194.5b	R5.9b	11.2x	17.3x	0.5x
Thu, 28 Dec 2023	R99.8b	R194.5b	R5.9b	10.4x	16.9x	0.5x
Sat, 25 Nov 2023	R95.2b	R193.0b	R6.0b	9.9x	15.8x	0.5x
Mon, 23 Oct 2023	R88.9b	R192.7b	R7.0b	9.3x	12.7x	0.5x
Wed, 20 Sep 2023	R91.8b	R192.7b	R7.0b	9.6x	13.1x	0.5x
Fri, 18 Aug 2023	R93.5b	R191.1b	R7.3b	9.4x	12.9x	0.5x
Sun, 16 Jul 2023	R92.3b	R191.1b	R7.3b	9.5x	12.7x	0.5x
Tue, 13 Jun 2023	R88.4b	R191.2b	R7.5b	9.3x	11.8x	0.5x
Thu, 11 May 2023	R93.5b	R167.6b	R6.9b	10.4x	13.5x	0.6x
Sat, 08 Apr 2023	R98.8b	R167.6b	R7.0b	10.7x	14.2x	0.6x
Mon, 06 Mar 2023	R98.7b	R161.5b	R7.7b	10.4x	12.8x	0.6x
Wed, 01 Feb 2023	R94.4b	R161.5b	R7.7b	11x	12.3x	0.6x
Fri, 30 Dec 2022	R94.9b	R161.5b	R7.7b	10.1x	12.3x	0.6x
Sun, 27 Nov 2022	R91.8b	R155.8b	R6.1b	9.2x	15x	0.6x
Tue, 25 Oct 2022	R86.5b	R154.6b	R6.1b	9.7x	14.3x	0.6x
Thu, 22 Sep 2022	R87.9b	R154.6b	R6.1b	10.3x	14.5x	0.6x
Sat, 20 Aug 2022	R88.1b	R151.5b	R6.3b	10x	14x	0.6x
Mon, 18 Jul 2022	R81.2b	R151.5b	R6.3b	10x	12.9x	0.5x
Wed, 15 Jun 2022	R79.6b	R151.2b	R6.3b	10.1x	12.7x	0.5x
Fri, 13 May 2022	R81.0b	R148.8b	R6.1b	9.7x	13.3x	0.5x
Sun, 10 Apr 2022	R85.2b	R148.8b	R6.1b	10.3x	14x	0.6x
Tue, 08 Mar 2022	R86.0b	R149.8b	R5.6b	10.8x	15.4x	0.6x
Thu, 03 Feb 2022	R97.3b	R148.2b	R5.5b	12.1x	17.8x	0.7x
Sat, 01 Jan 2022	R94.3b	R132.8b	R6.8b	11.6x	13.9x	0.7x
Mon, 29 Nov 2021	R95.5b	R132.8b	R6.8b	10.5x	14.1x	0.7x
Wed, 27 Oct 2021	R97.9b	R131.4b	R7.2b	11.4x	13.5x	0.7x
Fri, 24 Sep 2021	R99.7b	R131.4b	R7.2b	10x	13.8x	0.8x
Sun, 22 Aug 2021	R91.2b	R131.4b	R7.2b	10x	12.6x	0.7x
Fri, 09 Jul 2021	R95.8b	R130.2b	R6.3b	13.9x	15.2x	0.7x

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 13.0x which is lower than its 3-year average PE of 14.8x.

The industry is trading close to its 3-year average PS ratio of 0.62x.

Past Earnings Growth

The earnings for companies in the Food industry have grown 9.9% per year over the last three years.
Revenues for these companies have grown 12% 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	1.41%
Consumer Staples	0.67%
Food	-1.80%
Agricultural Products	18.00%
Packaged Foods and Meats	-1.87%

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 14.7x.

Analysts are expecting annual earnings growth of 12.5%, which is lower than the prior year's growth of 21.9% per year.

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 22% 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?

Company	Last Price	7D	1Y	Valuation
PMR Premier Group	R61.74	2.2% +R171.4m	5.9%	PE9.7x
AVI AVI	R87.20	0.3% +R99.2m	30.0%	PE14.3x
SHG Sea Harvest Group	R8.00	3.5% +R74.4m	-21.4%	PE7.8x
CKS Crookes Brothers	R29.50	18.0% +R68.1m	-17.9%	PS0.6x
RFG RFG Holdings	R13.40	0.07% +R2.6m	71.8%	PE7.3x