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South African (JSE) Consumer Discretionary Sector Analysis

UpdatedSep 22, 2026
DataAggregated Company Financials
Companies29
  • 7D-1.5%
  • 3M-11.4%
  • 1Y-32.5%
  • YTD-29.5%

Last week, the Consumer Discretionary industry hasn't moved much but Stadio Holdings is up 29% in that time. Unfortunately though, the industry is down 34% over the past 12 months. As for the next few years, earnings are expected to grow by 6.6% per annum.

Sector Valuation and Performance

Has the South African Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Sep 2026R859.5bR807.1bR112.3b11.2x7.7x1.1x
Thu, 20 Aug 2026R945.9bR803.4bR110.4b10.9x8.6x1.2x
Sat, 18 Jul 2026R990.7bR808.1bR112.6b11x8.8x1.2x
Mon, 15 Jun 2026R1.0tR755.9bR123.8b10.8x8.1x1.3x
Wed, 13 May 2026R989.2bR748.0bR125.9b9.6x7.9x1.3x
Fri, 10 Apr 2026R1.0tR745.4bR125.1b10.2x8.3x1.4x
Sun, 08 Mar 2026R1.0tR744.6bR126.4b9.9x8.3x1.4x
Tue, 03 Feb 2026R1.2tR735.2bR124.1b11x9.4x1.6x
Thu, 01 Jan 2026R1.3tR744.2bR126.8b11.3x9.9x1.7x
Sat, 29 Nov 2025R1.2tR746.8bR130.1b11x9.5x1.7x
Mon, 27 Oct 2025R1.4tR726.8bR121.4b10.4x11.3x1.9x
Wed, 24 Sep 2025R1.3tR725.5bR121.0b10x11x1.8x
Fri, 22 Aug 2025R1.3tR742.4bR124.5b10.6x10.3x1.7x
Sun, 20 Jul 2025R1.3tR742.0bR124.3b10.7x10.5x1.8x
Tue, 17 Jun 2025R1.2tR738.3bR91.5b11.5x13.6x1.7x
Thu, 15 May 2025R1.3tR727.1bR90.9b11.3x14.4x1.8x
Sat, 12 Apr 2025R1.1tR732.1bR93.7b10.5x11.6x1.5x
Mon, 10 Mar 2025R1.2tR729.7bR90.4b11.7x13.4x1.7x
Wed, 05 Feb 2025R1.1tR730.7bR91.4b11.7x11.9x1.5x
Fri, 03 Jan 2025R1.2tR731.0bR91.5b12.7x12.7x1.6x
Sun, 01 Dec 2024R1.1tR718.5bR82.9b12.3x13.7x1.6x
Tue, 29 Oct 2024R1.2tR720.2bR78.6b12.9x14.8x1.6x
Thu, 26 Sep 2024R1.1tR695.3bR76.8b12.1x14.7x1.6x
Sat, 24 Aug 2024R1.1tR693.2bR80.4b10.7x13.3x1.5x
Mon, 22 Jul 2024R986.9bR696.5bR82.0b9.6x12x1.4x
Wed, 19 Jun 2024R1.0tR706.0bR104.0b8.7x10.1x1.5x
Fri, 17 May 2024R1.1tR699.9bR104.6b9x10.4x1.5x
Sun, 14 Apr 2024R926.4bR726.2bR106.8b8.8x8.7x1.3x
Tue, 12 Mar 2024R895.4bR724.1bR105.3b8.6x8.5x1.2x
Thu, 08 Feb 2024R986.4bR712.9bR107.4b8.5x9.2x1.4x
Sat, 06 Jan 2024R919.6bR711.9bR106.5b8.3x8.6x1.3x
Mon, 04 Dec 2023R978.6bR714.1bR107.0b9x9.1x1.4x
Wed, 01 Nov 2023R880.3bR697.3bR103.3b8.8x8.5x1.3x
Fri, 29 Sep 2023R813.7bR699.2bR104.6b9.9x7.8x1.2x
Price to Earnings Ratio

7.8x


Total Market Cap: R813.7bTotal Earnings: R104.6bTotal Revenue: R699.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Discretionary Sector Price to Earnings3Y Average 10.6x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Consumer Discretionary 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 7.7x which is lower than its 3-year average PE of 10.6x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 2.1% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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 Discretionary sector?

ZA Market-0.87%
Consumer Discretionary-1.49%
Consumer Services11.97%
Hospitality3.53%
Auto Components1.02%
Consumer Durables0.76%
Specialty Stores0.34%
Retail Distributors0%0
Online Retail and Ecommerce0%0
General Merchandise and Department Stores-3.37%
Industry PE
  • Investors are most optimistic about the Consumer Services industry which is trading above its 3-year average PE ratio of 21.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Auto Components industry, expecting annual earnings growth of 69% over the next 5 years.
  • In contrast, the General Merchandise and Department Stores industry is expected to see its earnings grow by 4.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SDO Stadio HoldingsR16.7724.8%
+R2.8b		66.9%PE43.3x
ADH ADvTECHR52.206.5%
+R1.7b		66.2%PE20.6x
WHL Woolworths HoldingsR38.283.7%
+R1.2b		-25.2%PE14.8x
SSU Southern SunR10.766.7%
+R894.4m		20.4%PE11.4x
TSG Tsogo SunR7.7010.0%
+R679.2m		19.2%PE5.8x

Latest News

TFG
R49.87
Foschini Group
7D
-0.06%
1Y
-55.3%
AOO
R19.50
African and Overseas Enterprises
7D
-2.5%
1Y
3.7%
SDO
R16.77
Stadio Holdings
7D
24.8%
1Y
66.9%
WHL
R38.28
Woolworths Holdings
7D
3.7%
1Y
-25.2%
MRP
R161.85
Mr Price Group
7D
0.8%
1Y
-23.6%
Narrative Update • Sep 17

MRP: Higher Growth Outlook And Lower Margin Assumptions Will Support Future Upside

Analysts have cut their Mr Price Group fair value estimate from ZAR478.31 to ZAR223.00. They point to updated assumptions that include a higher discount rate, a higher revenue growth outlook, a lower profit margin, and a lower future P/E multiple.
TRU
R42.21
Truworths International
7D
-5.0%
1Y
-26.0%
Narrative Update • Sep 17

TRU: Future Dividend And EPS Guidance Will Support Bullish Fair Value View

Analysts have revised their price target for Truworths International to ZAR51.96 from ZAR57.08 as they now apply a slightly higher discount rate and more muted assumptions for revenue growth and profit margins, partly offset by a modestly higher future P/E multiple. What's in the News for Truworths International Truworths International directors declared a final gross cash dividend of 153 South African cents per ordinary share for the 52 week period ended 28 June 2026, compared with 170 South African cents for 2025.
NPN
R715.75
Naspers
7D
-3.8%
1Y
-39.7%
SSU
R10.76
Southern Sun
7D
6.7%
1Y
20.4%
WBC
R28.53
We Buy Cars Holdings
7D
-0.3%
1Y
-50.1%
SUI
R46.65
Sun International
7D
-1.0%
1Y
12.7%
MTH
R112.26
Motus Holdings
7D
1.8%
1Y
4.9%
ADH
R52.20
ADvTECH
7D
6.5%
1Y
66.2%
WVR
R47.75
Weaver Fintech
7D
11.0%
1Y
7.3%
TSG
R7.70
Tsogo Sun
7D
10.0%
1Y
19.2%
Analysis Article • Aug 04

We Like Tsogo Sun's (JSE:TSG) Earnings For More Than Just Statutory Profit

The market seemed underwhelmed by last week's earnings announcement from Tsogo Sun Limited ( JSE:TSG ) despite the...
LEW
R83.50
Lewis Group
7D
-2.0%
1Y
16.7%
CMH
R34.35
Combined Motor Holdings
7D
-4.6%
1Y
4.1%