RFG Holdings (JSE:RFG) Seems To Use Debt Quite Sensibly
Sep 05
South African (JSE) Food Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies15
- 7D0.08%
- 3M-3.3%
- 1Y-12.1%
- YTD-14.0%
Over the last 7 days, the Food industry has remained flat, although notably Oceana Group declined by 6.4%. As for the longer term, the industry has declined 12% in the last year. Looking forward, earnings are forecast to grow by 7.2% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | R88.9b | R192.7b | R7.0b | 9.5x | 12.7x | 0.5x |
| Thu, 28 Sep 2023 | R90.1b | R192.7b | R7.0b | 9.4x | 12.9x | 0.5x |
| Sat, 26 Aug 2023 | R93.5b | R191.1b | R7.3b | 9.4x | 12.9x | 0.5x |
| Mon, 24 Jul 2023 | R90.9b | R191.1b | R7.3b | 9.4x | 12.5x | 0.5x |
| Wed, 21 Jun 2023 | R91.8b | R191.2b | R7.5b | 9.7x | 12.3x | 0.5x |
| Fri, 19 May 2023 | R91.0b | R167.6b | R6.9b | 9.7x | 13.1x | 0.5x |
| Sun, 16 Apr 2023 | R96.8b | R167.6b | R7.0b | 10.7x | 13.9x | 0.6x |
| Tue, 14 Mar 2023 | R90.6b | R166.3b | R7.3b | 10.4x | 12.4x | 0.5x |
| Thu, 09 Feb 2023 | R94.4b | R161.5b | R7.7b | 11.3x | 12.3x | 0.6x |
| Sat, 07 Jan 2023 | R97.2b | R161.5b | R7.7b | 10.4x | 12.6x | 0.6x |
| Mon, 05 Dec 2022 | R90.0b | R158.5b | R7.2b | 10.4x | 12.5x | 0.6x |
| Wed, 02 Nov 2022 | R90.3b | R154.6b | R6.1b | 9.9x | 14.9x | 0.6x |
| Fri, 30 Sep 2022 | R88.6b | R154.6b | R6.1b | 10.4x | 14.6x | 0.6x |
| Sun, 28 Aug 2022 | R88.2b | R151.5b | R6.3b | 10x | 14x | 0.6x |
| Tue, 26 Jul 2022 | R83.4b | R151.5b | R6.3b | 9.9x | 13.2x | 0.6x |
| Thu, 23 Jun 2022 | R80.0b | R151.5b | R6.2b | 10.4x | 12.8x | 0.5x |
| Sat, 21 May 2022 | R79.6b | R150.8b | R6.4b | 8.7x | 12.4x | 0.5x |
| Mon, 18 Apr 2022 | R82.8b | R148.8b | R6.1b | 10.2x | 13.6x | 0.6x |
| Wed, 16 Mar 2022 | R87.1b | R149.4b | R5.5b | 10.3x | 15.8x | 0.6x |
| Fri, 11 Feb 2022 | R97.6b | R148.2b | R5.5b | 13.8x | 17.8x | 0.7x |
| Sun, 09 Jan 2022 | R95.8b | R132.8b | R6.8b | 11.9x | 14.2x | 0.7x |
| Tue, 07 Dec 2021 | R97.3b | R132.8b | R6.8b | 10.5x | 14.4x | 0.7x |
| Thu, 04 Nov 2021 | R100.5b | R131.4b | R7.2b | 11.3x | 13.9x | 0.8x |
| Sat, 02 Oct 2021 | R97.6b | R131.4b | R7.2b | 10x | 13.5x | 0.7x |
| Mon, 30 Aug 2021 | R92.9b | R131.4b | R7.2b | 10x | 12.8x | 0.7x |
| Tue, 06 Jul 2021 | R95.8b | R130.2b | R6.3b | 13.9x | 15.2x | 0.7x |
| Fri, 09 Apr 2021 | R97.5b | R128.6b | R5.1b | 13.1x | 19.2x | 0.8x |
| Thu, 31 Dec 2020 | R94.6b | R127.3b | R4.5b | 11.1x | 20.9x | 0.7x |
Price to Earnings Ratio
19.8x
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 12.7x which is lower than its 3-year average PE of 15.7x.
- The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 15% 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 | -1.18% | |
| Consumer Staples | 1.60% | |
| Food | 0.076% | |
| Agricultural Products | 1.46% | |
| Packaged Foods and Meats | 0.07% | |
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 15.7x.
- Analysts are expecting annual earnings growth of 7.2%, which is higher than its past year's earnings growth of 4.9% per year.
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.
- This is better than its past earnings growth rate of 4.9% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TBS Tiger Brands | R170.18 | 2.8% +R720.9m | -8.5% | PE9.4x | |
| PMR Premier Group | R62.50 | 1.6% +R128.9m | n/a | PE10.1x | |
| SHG Sea Harvest Group | R9.19 | 1.5% +R38.7m | -20.1% | PE7.5x | |
| AVI AVI | R69.48 | 0.1% +R33.1m | -5.4% | PE12.5x | |
| CKS Crookes Brothers | R28.91 | 3.3% +R13.8m | -22.9% | PS0.7x |