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South African (JSE) Consumer Discretionary Sector Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies29
  • 7D-5.9%
  • 3M-15.5%
  • 1Y5.2%
  • YTD-10.7%

Over the last 7 days, the Consumer Discretionary industry has dropped 5.9%, driven by a pullback from Naspers of 7.9%. Over the past 12 months, the industry was up 5.2%. As for the next few years, earnings are expected to grow by 4.1% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026R1.1tR736.1bR124.7b10.9x9x1.5x
Sun, 04 Jan 2026R1.3tR743.8bR126.5b11.3x10x1.7x
Tue, 02 Dec 2025R1.3tR746.4bR129.8b11x9.6x1.7x
Thu, 30 Oct 2025R1.4tR726.9bR121.2b10.5x11.5x1.9x
Sat, 27 Sep 2025R1.3tR726.3bR121.7b10.1x11x1.8x
Mon, 25 Aug 2025R1.3tR740.4bR122.9b10.7x10.7x1.8x
Wed, 23 Jul 2025R1.3tR741.0bR123.5b10.6x10.5x1.7x
Fri, 20 Jun 2025R1.2tR738.8bR91.7b11.2x13.4x1.7x
Sun, 18 May 2025R1.3tR725.7bR90.2b11.7x14.3x1.8x
Tue, 15 Apr 2025R1.1tR730.4bR92.8b10.8x12.2x1.6x
Thu, 13 Mar 2025R1.2tR732.4bR90.6b11.9x13x1.6x
Sat, 08 Feb 2025R1.1tR729.0bR90.5b12.1x12.5x1.6x
Mon, 06 Jan 2025R1.2tR731.3bR91.7b12.6x12.7x1.6x
Wed, 04 Dec 2024R1.2tR726.7bR89.3b12.6x13.4x1.6x
Fri, 01 Nov 2024R1.2tR719.4bR78.3b12.8x14.8x1.6x
Sun, 29 Sep 2024R1.2tR694.3bR76.1b12.5x15.6x1.7x
Tue, 27 Aug 2024R1.1tR693.3bR80.4b10.8x13.2x1.5x
Thu, 25 Jul 2024R996.1bR697.1bR82.3b9.8x12.1x1.4x
Sat, 22 Jun 2024R1.0tR705.4bR103.6b9x9.9x1.4x
Mon, 20 May 2024R1.1tR699.7bR104.5b8.9x10.1x1.5x
Wed, 17 Apr 2024R925.6bR727.2bR107.4b8.4x8.6x1.3x
Fri, 15 Mar 2024R913.3bR725.6bR105.6b8.6x8.6x1.3x
Sun, 11 Feb 2024R984.9bR713.9bR108.1b8.8x9.1x1.4x
Tue, 09 Jan 2024R911.6bR711.1bR106.0b8.2x8.6x1.3x
Thu, 07 Dec 2023R985.8bR715.8bR108.1b8.8x9.1x1.4x
Sat, 04 Nov 2023R948.7bR694.6bR101.8b9.2x9.3x1.4x
Mon, 02 Oct 2023R814.9bR698.9bR104.5b9.9x7.8x1.2x
Wed, 30 Aug 2023R958.5bR688.3bR103.1b9.2x9.3x1.4x
Fri, 28 Jul 2023R971.2bR656.6bR99.6b9.5x9.7x1.5x
Sun, 25 Jun 2023R917.5bR695.5bR73.5b9.8x12.5x1.3x
Tue, 23 May 2023R976.6bR688.1bR75.3b9.7x13x1.4x
Thu, 20 Apr 2023R1.0tR678.5bR72.9b10.1x13.8x1.5x
Sat, 18 Mar 2023R934.7bR675.5bR73.3b9.9x12.8x1.4x
Mon, 13 Feb 2023R1.1tR652.0bR71.7b10.6x15x1.6x
Price to Earnings Ratio

15x


Total Market Cap: R1.1tTotal Earnings: R71.7bTotal Revenue: R652.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Discretionary Sector Price to Earnings3Y Average 11.3x202420252026
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 9.0x which is lower than its 3-year average PE of 11.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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-5.08%
Consumer Discretionary-5.92%
Hospitality1.58%
Consumer Durables0.84%
Retail Distributors0%0
Online Retail and Ecommerce0%0
Consumer Services-0.29%
Specialty Stores-2.79%
Auto Components-3.23%
General Merchandise and Department Stores-7.57%
Industry PE
  • Investors are most optimistic about the Consumer Services industry, which is trading close to its 3-year average PE ratio of 20.3x.
    • Analysts are expecting annual earnings growth of 12.8%, which is lower than the prior year's growth of 23.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Auto Components industry, expecting annual earnings growth of 106% over the next 5 years.
  • In contrast, the General Merchandise and Department Stores industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
SSU Southern SunR11.008.4%
+R1.1b		30.5%PE14.5x
WHL Woolworths HoldingsR55.011.6%
+R768.8m		-6.8%PE20.4x
ADH ADvTECHR39.871.6%
+R341.1m		21.9%PE18.4x
MTH Motus HoldingsR128.680.9%
+R213.5m		15.9%PE9.3x
SUI Sun InternationalR43.090.2%
+R21.8m		7.3%PE7.1x

Latest News

MTH
R128.68
Motus Holdings
7D
0.9%
1Y
15.9%

MTH: Fair Value Will Likely Remain Stretched Despite Modest Assumption Tweaks

Analysts have kept their fair value estimate for Motus Holdings steady at R115.00, pointing to only small adjustments in assumptions for discount rate, revenue growth, profit margin and future P/E as the basis for maintaining the current target. Valuation Changes Fair Value: Kept steady at ZAR115.00 per share, with no change in the central estimate.
NPN
R957.19
Naspers
7D
-3.5%
1Y
16.9%

NPN: Higher Growth Assumptions Will Support A More Optimistic Future P/E

Analysts have cut their implied fair value estimate for Naspers from R8,039.18 to R1,768.46, citing updated assumptions for revenue growth, profit margins and future P/E that together indicate a more conservative view of the stock's potential valuation range. Valuation Changes Fair Value Estimate: Reduced from ZAR 8,039.18 to ZAR 1,768.46, pointing to a much lower implied valuation level.
TRU
R57.17
Truworths International
7D
-4.9%
1Y
-28.8%

TRU: Steady Fair Value With Earnings Guidance And New Institutional Support

Analysts have trimmed their price target for Truworths International from R64.95 to around R62.33, citing updated assumptions for discount rates, revenue growth, profit margins and expected future P/E levels. What's in the News Truworths International issued group earnings guidance for the 26 week period ending 28 December 2025, indicating expected EPS between 489 cents and 499 cents.
SSU
R11.00
Southern Sun
7D
8.4%
1Y
30.5%
SUI
R43.09
Sun International
7D
0.2%
1Y
7.3%
WBC
R41.30
We Buy Cars Holdings
7D
-10.1%
1Y
-10.2%

WBC: Future Earnings Potential Will Stay Solid With Fairly Balanced Risk Profile

Analysts have adjusted their price target for We Buy Cars Holdings to reflect a fair value update from 55.67 to 56.72. This revision is supported by slightly lower discount rate assumptions, modestly higher revenue growth and profit margin estimates, and a reduced future P/E expectation.
WHL
R55.01
Woolworths Holdings
7D
1.6%
1Y
-6.8%
TFG
R81.47
Foschini Group
7D
-3.5%
1Y
-42.6%

TFG: Hold Downgrade And Lower P/E Assumptions Will Support Future Rebound

Narrative Update Analysts have trimmed their fair value estimate for Foschini Group from ZAR 119.99 to about ZAR 116.21, reflecting a slightly higher discount rate and a lower assumed future P/E multiple, in line with a recent downgrade to Hold and a ZAR 93 price target from the Street. Analyst Commentary The recent downgrade to Hold and the ZAR 93 price target point to a more balanced view on Foschini Group, with analysts weighing both potential upside and key execution risks.
MRP
R170.90
Mr Price Group
7D
-4.3%
1Y
-33.1%

MRP: Higher Interim Dividend And Increased Stake Will Support Future Returns

Analysts have trimmed their fair value estimate for Mr Price Group from R521.17 to R518.14, reflecting slightly adjusted assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Allan Gray Proprietary Limited completed the acquisition of an additional minority stake in Mr Price Group Limited (JSE:MRP) on 22 January 2026, with its clients now holding 10.1318% of the total issued ordinary shares (Key Developments).
TSG
R7.50
Tsogo Sun
7D
-5.9%
1Y
-18.5%

Tsogo Sun Limited's (JSE:TSG) Earnings Are Not Doing Enough For Some Investors

Jan 24
Tsogo Sun Limited's (JSE:TSG) Earnings Are Not Doing Enough For Some Investors
ITE
R9.80
Italtile
7D
-2.1%
1Y
-20.3%
PPH
R26.17
Pepkor Holdings
7D
-1.2%
1Y
-5.9%
BWN
R3.03
Balwin Properties
7D
1.0%
1Y
37.1%
ADH
R39.87
ADvTECH
7D
1.6%
1Y
21.9%

Investors Should Be Encouraged By ADvTECH's (JSE:ADH) Returns On Capital

Dec 11
Investors Should Be Encouraged By ADvTECH's (JSE:ADH) Returns On Capital
FBR
R58.06
Famous Brands
7D
0.1%
1Y
-7.1%
CSB
R145.79
Cashbuild
7D
0.5%
1Y
-23.3%

Shareholders May Be Wary Of Increasing Cashbuild Limited's (JSE:CSB) CEO Compensation Package

Nov 17
Shareholders May Be Wary Of Increasing Cashbuild Limited's (JSE:CSB) CEO Compensation Package