Bid (JSE:BID) Has More To Do To Multiply In Value Going Forward
Apr 22
South African (JSE) Consumer Staples Sector Analysis
UpdatedMay 04, 2024
DataAggregated Company Financials
Companies21
- 7D2.4%
- 3M-4.3%
- 1Y9.2%
- YTD-2.4%
Over the last 7 days, the Consumer Staples industry has risen 2.4%, and Clicks Group contributed the most with a gain of 3.8%. In the same time, SAB Zenzele Kabili Holdings (RF) was down 11%. This takes the industry's 12 month performance to a gain of 9.2%. Earnings are forecast to grow by 14% annually.
Sector Valuation and Performance
Has the South African Consumer Staples Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 04 May 2024 | R519.2b | R989.9b | R26.9b | 10.3x | 19.3x | 0.5x |
| Mon, 01 Apr 2024 | R523.7b | R988.2b | R26.7b | 10x | 19.6x | 0.5x |
| Wed, 28 Feb 2024 | R525.4b | R971.1b | R26.0b | 11.6x | 20.2x | 0.5x |
| Fri, 26 Jan 2024 | R581.5b | R1.1t | R24.8b | 13.6x | 23.4x | 0.5x |
| Sun, 24 Dec 2023 | R571.9b | R1.1t | R24.8b | 13.9x | 23.1x | 0.5x |
| Tue, 21 Nov 2023 | R553.4b | R1.1t | R27.3b | 11.9x | 20.3x | 0.5x |
| Thu, 19 Oct 2023 | R519.9b | R1.0t | R28.5b | 10.7x | 18.3x | 0.5x |
| Sat, 16 Sep 2023 | R550.7b | R1.0t | R27.8b | 12.4x | 19.8x | 0.5x |
| Mon, 14 Aug 2023 | R556.6b | R999.2b | R27.0b | 11.3x | 20.6x | 0.6x |
| Wed, 12 Jul 2023 | R535.7b | R999.2b | R27.0b | 11.6x | 19.9x | 0.5x |
| Fri, 09 Jun 2023 | R2.0t | R976.0b | R26.7b | 11.1x | 75.5x | 2.1x |
| Sun, 07 May 2023 | R529.9b | R969.5b | R27.0b | 12.6x | 19.6x | 0.5x |
| Tue, 04 Apr 2023 | R543.6b | R960.7b | R27.3b | 12.9x | 19.9x | 0.6x |
| Thu, 02 Mar 2023 | R551.2b | R939.2b | R26.4b | 13.2x | 20.9x | 0.6x |
| Sat, 28 Jan 2023 | R545.1b | R922.4b | R25.3b | 12.1x | 21.5x | 0.6x |
| Mon, 26 Dec 2022 | R537.5b | R922.4b | R25.3b | 11.7x | 21.2x | 0.6x |
| Wed, 23 Nov 2022 | R540.7b | R911.9b | R23.7b | 12.1x | 22.8x | 0.6x |
| Fri, 21 Oct 2022 | R515.3b | R905.6b | R23.1b | 11.8x | 22.3x | 0.6x |
| Sun, 18 Sep 2022 | R514.8b | R893.4b | R23.1b | 11.7x | 22.3x | 0.6x |
| Tue, 16 Aug 2022 | R538.1b | R860.4b | R22.0b | 12.2x | 24.5x | 0.6x |
| Thu, 14 Jul 2022 | R494.2b | R860.4b | R22.0b | 11.5x | 22.5x | 0.6x |
| Sat, 11 Jun 2022 | R501.5b | R860.1b | R22.0b | 11.9x | 22.8x | 0.6x |
| Mon, 09 May 2022 | R506.6b | R848.5b | R21.6b | 12.8x | 23.5x | 0.6x |
| Wed, 06 Apr 2022 | R535.4b | R846.9b | R21.9b | 13.3x | 24.5x | 0.6x |
| Fri, 04 Mar 2022 | R539.9b | R850.4b | R20.8b | 13.9x | 26x | 0.6x |
| Sun, 30 Jan 2022 | R533.9b | R841.2b | R19.8b | 15.2x | 27x | 0.6x |
| Tue, 28 Dec 2021 | R529.6b | R825.8b | R21.0b | 14.8x | 25.2x | 0.6x |
| Thu, 25 Nov 2021 | R517.2b | R824.4b | R21.1b | 15.3x | 24.5x | 0.6x |
| Sat, 23 Oct 2021 | R528.8b | R819.2b | R21.7b | 15x | 24.4x | 0.6x |
| Mon, 20 Sep 2021 | R527.9b | R824.7b | R19.2b | 15.2x | 27.4x | 0.6x |
| Wed, 18 Aug 2021 | R507.0b | R736.0b | R20.9b | 14.4x | 24.3x | 0.7x |
| Wed, 02 Jun 2021 | R482.2b | R716.9b | R17.8b | 16.9x | 27.1x | 0.7x |
Price to Earnings Ratio
27.1x
Current Industry PE
- Investors are pessimistic on the South African Consumer Staples 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 19.3x which is lower than its 3-year average PE of 22.8x.
- The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
- The earnings for companies in the Consumer Staples industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 11% 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 sector?
| ZA Market | 1.90% | |
| Consumer Staples | 2.40% | |
| Food and Staples Retail | 2.50% | |
| Food | 2.21% | |
| Tobacco | 0% | |
| Household Products | 0% | |
| Personal Products | 0% | |
| Beverage | -10.50% | |
Industry PE
- Investors are most optimistic about the Food and Staples Retail industry even though it's trading below its 3-year average PE ratio of 26.8x.
- Analysts are expecting annual earnings growth of 14.3%, which is higher than its past year's earnings growth of 2.7% per year.
- Investors are most pessimistic about the Beverage industry, which is trading below its 3-year average of 21.8x.
Forecasted Growth
- Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings growth rate of 2.7% per year.
- In contrast, the Food 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 | |
|---|---|---|---|---|---|
| CLS Clicks Group | R296.40 | 3.8% +R2.6b | 12.3% | PE26.6x | |
| SHP Shoprite Holdings | R253.02 | 1.8% +R2.5b | 18.6% | PE21.3x | |
| BID Bid | R432.29 | 1.6% +R2.2b | 10.8% | PE19.4x | |
| SPP SPAR Group | R101.87 | 11.5% +R2.0b | -24.2% | PE48.9x | |
| AVI AVI | R87.67 | 2.3% +R641.4m | 31.4% | PE14.3x |
