1. South Africa Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
RFG Holdings Limited

RFG Holdings Limited

RFG.JO
RFG Holdings LimitedZA flagJohannesburg Stock Exchange
2,489.00
ZAc
- -
- -
6.51BMarket Cap
RFG Holdings Limited
RFG.JO
(Johannesburg Stock Exchange)

Recent

price

2,489.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
14.29
13.74
18.86
18.78
19.75
20.69
22.41
22.74
27.73
30.28
30.83
- -
Revenue per Share
0.48
0.77
1.32
0.96
0.61
0.83
0.83
0.83
1.38
1.83
2.18
- -
Basic EPS, GAAP
-0.51
-0.57
-0.4
-1.49
-0.45
0.52
1.29
0.48
0.64
1.98
1.8
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.32
0.2
0.28
0.29
0.29
0.46
0.62
- -
Dividend per Share
1.56
4.6
5.66
9.07
9.07
9.39
9.89
10.43
11.49
12.89
14.5
- -
Book Value per Share
0.56
3.03
4.04
6.43
6.63
6.94
7.5
8.05
9.17
10.77
12.57
- -
Tangible Book Value per Share
171
220
220
245
253
262
262
262
262
260
260
- -
Basic Weighted Avg Shares
2,444
3,023
4,146
4,593
4,990
5,414
5,864
5,950
7,255
7,887
8,006
8,138
Sales/Revenue/Turnover
9.66
9.57
12.02
8.86
6.29
7.24
6.68
6.26
7.9
9.59
10.64
8.27
Operating Margin (%)
- -
58
90
117
147
174
233
240
244
299
306
338
Depreciation Expense
82
170
291
235
154
216
216
216
361
477
566
445
Net Income, GAAP
38.12
29.89
28.32
27.16
23.25
21.68
27.17
27.79
25.52
27.35
26.51
26.63
Effective Tax Rate (%)
3.35
5.62
7.01
5.11
3.09
3.99
3.69
3.63
4.97
6.04
7.07
5.47
Profit Margin (%)
271
557
679
969
1,072
974
965
1,111
1,253
1,375
1,529
1,553
Working Capital
465
622
687
700
975
753
714
685
614
362
125
158
LT Debt
274
1,018
1,257
2,236
2,318
2,478
2,611
2,753
3,033
3,407
3,840
3,900
Total Equity
- -
14.38
16.99
10.45
6.96
8.44
7.63
6.99
10.59
13.1
14.09
10.56
Return on Invested Capital (%)
- -
14.68
17.12
10.58
7.05
8.57
7.78
7.12
10.72
13.27
14.67
11.1
Return on Capital (%)
- -
26.53
25.76
13.54
6.85
9.11
8.58
8.13
12.58
14.97
15.88
11.71
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.95%
8.45%
1.58%
Free Cash Flow
27.21%
25.83%
-40.23%
Net Income, GAAP
15.42%
19.27%
-21.26%
Sales/Revenue/Turnover
10.86%
7.05%
1.64%
Total Cash Common Dividend
- -
44.78%
126.95%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
7,887
2024
- -
- -
- -
- -
8,006
2025
- -
- -
- -
- -
8,138

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.83
2024
- -
- -
- -
- -
2.18
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.46
2024
- -
- -
- -
- -
0.62
2025
- -
- -
- -
- -
- -
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Business
RFG Holdings Limited manufactures and markets convenience meal solutions, including canned fruits, jams, fruit purees and concentrates, canned vegetables, canned meat, bottled salads and pickles, fresh pasta and sauces, baked and unbaked pies, pasties, sausage rolls, pie-slices, tomato products, fruit juices, dry packaged foods, infant meals, ready meals, dairy products and bakery items; brands include Rhodes, Hazeldene, Trout Hall, Bull Brand, Magpie, Ma Baker, Portobello, Today, Mama’s Pies, Squish and Hinds. The company produces private label products for major South African retailers such as Woolworths and the Corner Bakery Franchise chain, as well as for international customers; it operates 14 manufacturing facilities across South Africa, including in Gauteng, Western Cape and Eswatini, with major export markets in the United Kingdom, Europe, USA, Far East and 13 sub-Saharan African countries beyond South Africa and Eswatini. Founded in 1896 and headquartered in Groot Drakenstein, Cape Town, South Africa, RFG Holdings was formerly known as Rhodes Food Group Holdings Limited, changing its name in April 2020; the company listed on the JSE in October 2014 and has since completed 10 acquisitions to expand its product offerings and customer base. In October 2025, JSE-listed Premier Group announced plans to acquire RFG Holdings through a share swap transaction valuing RFG at R4.3 billion, under which RFG shareholders will receive one Premier share for every seven RFG shares and collectively own 22.5% of the enlarged group, with RFG expected to delist from the JSE upon completion; the deal, supported by 77.7% of RFG shareholders and Premier's major investors, aims to create a combined entity with R28 billion in annual revenue and complementary product portfolios featuring no operational overlap.