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South African (JSE) Consumer Discretionary Sector Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies29
  • 7D-1.6%
  • 3M-5.2%
  • 1Y-17.5%
  • YTD-17.2%

The Consumer Discretionary industry is up 2.7% in the last week, with Naspers up 5.4%. In the same time, Stadio Holdings was down 7.2%. In the past year, the industry is down 18%. Looking forward, earnings are forecast to grow by 3.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026R1.0tR758.1bR125.5b11.1x8.2x1.3x
Thu, 07 May 2026R1.1tR747.0bR125.3b10.3x8.5x1.4x
Sat, 04 Apr 2026R1.0tR750.2bR128.7b9.9x8x1.4x
Mon, 02 Mar 2026R1.1tR737.3bR123.6b11x8.7x1.5x
Wed, 28 Jan 2026R1.2tR734.5bR123.5b10.6x9.8x1.6x
Fri, 26 Dec 2025R1.3tR745.1bR127.5b11.5x9.9x1.7x
Sun, 23 Nov 2025R1.3tR732.5bR122.0b11x10.7x1.8x
Tue, 21 Oct 2025R1.4tR727.3bR121.9b10.4x11.1x1.9x
Thu, 18 Sep 2025R1.3tR726.6bR121.8b10.1x11.1x1.9x
Sat, 16 Aug 2025R1.3tR741.4bR123.8b10.8x10.6x1.8x
Mon, 14 Jul 2025R1.3tR743.7bR125.5b11x10.1x1.7x
Wed, 11 Jun 2025R1.2tR736.7bR90.7b11.2x13.8x1.7x
Fri, 09 May 2025R1.2tR726.7bR90.7b11.4x13.5x1.7x
Sun, 06 Apr 2025R1.1tR732.0bR93.8b10.6x11.6x1.5x
Tue, 04 Mar 2025R1.2tR729.5bR91.0b11.6x13x1.6x
Thu, 30 Jan 2025R1.1tR730.2bR91.1b11.8x12.1x1.5x
Sat, 28 Dec 2024R1.2tR730.6bR91.3b12.9x13x1.6x
Mon, 25 Nov 2024R1.1tR724.8bR79.6b12.6x14.2x1.6x
Wed, 23 Oct 2024R1.2tR697.0bR77.4b12.9x15x1.7x
Fri, 20 Sep 2024R1.1tR696.8bR77.5b11.5x13.9x1.5x
Sun, 18 Aug 2024R1.0tR693.8bR80.8b10.2x13x1.5x
Tue, 16 Jul 2024R1.0tR696.1bR81.8b9.8x12.6x1.5x
Thu, 13 Jun 2024R1.0tR706.9bR105.2b8.6x9.6x1.4x
Sat, 11 May 2024R1.0tR701.5bR105.6b8.5x9.7x1.5x
Mon, 08 Apr 2024R942.8bR724.8bR105.8b8.2x8.9x1.3x
Wed, 06 Mar 2024R887.0bR726.2bR106.6b8.8x8.3x1.2x
Fri, 02 Feb 2024R946.1bR711.4bR106.2b8.7x8.9x1.3x
Sun, 31 Dec 2023R940.7bR709.2bR104.8b8.4x9x1.3x
Tue, 28 Nov 2023R987.8bR705.1bR103.2b9.9x9.6x1.4x
Thu, 26 Oct 2023R882.0bR700.8bR104.9b10x8.4x1.3x
Sat, 23 Sep 2023R830.7bR697.6bR103.7b9.4x8x1.2x
Mon, 21 Aug 2023R953.5bR690.5bR105.0b8.8x9.1x1.4x
Wed, 19 Jul 2023R969.0bR659.0bR101.0b9.4x9.6x1.5x
Fri, 16 Jun 2023R965.2bR687.4bR72.8b10x13.3x1.4x
Price to Earnings Ratio

13.3x


Total Market Cap: R965.2bTotal Earnings: R72.8bTotal Revenue: R687.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Discretionary Sector Price to Earnings3Y Average 10.7x202420252026
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 8.1x which is lower than its 3-year average PE of 10.7x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.3x.
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 3.3% 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-1.99%
Consumer Discretionary-1.63%
Specialty Stores5.56%
Hospitality2.50%
Consumer Durables2.13%
Auto Components1.00%
Retail Distributors0%0
Online Retail and Ecommerce0%0
Consumer Services-1.97%
General Merchandise and Department Stores-3.95%
Industry PE
  • Investors are most optimistic about the Consumer Services industry, which is trading close to its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 11.8%, which is lower than the prior year's growth of 20.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Auto Components industry, expecting annual earnings growth of 66% 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
MRP Mr Price GroupR169.4614.5%
+R5.5b		-25.2%PE11.7x
PPH Pepkor HoldingsR21.353.4%
+R2.6b		-23.1%PE13.1x
WHL Woolworths HoldingsR50.153.5%
+R1.5b		-8.2%PE26.3x
TFG Foschini GroupR59.617.6%
+R1.4b		-53.8%PE14.7x
TRU Truworths InternationalR53.046.1%
+R1.1b		-23.8%PE6.9x

Latest News

TFG
R59.61
Foschini Group
7D
7.6%
1Y
-53.8%
MRP
R169.46
Mr Price Group
7D
14.5%
1Y
-25.2%
NPN
R883.96
Naspers
7D
-4.4%
1Y
-18.4%
Narrative Update • Jun 08

NPN: Prosus Exposure And Dividend Policy Will Support Future Upside

Analysts have trimmed their Naspers fair value estimate from ZAR 1,533.03 to ZAR 1,312.53. The updated ZAR 902 Street price target reflects a more cautious view on profit margins and future P/E multiples, even as assumptions for revenue growth remain firm.
SSU
R10.25
Southern Sun
7D
-0.3%
1Y
13.3%
TSG
R7.79
Tsogo Sun
7D
-1.1%
1Y
0.8%
PPH
R21.35
Pepkor Holdings
7D
3.4%
1Y
-23.1%
Narrative Update • Jun 05

PPH: Retail Platform Customer Scale Will Support Future Cash Flow Upside

Pepkor Holdings' analyst price target has shifted from ZAR31.33 to ZAR29.79, as analysts update their views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Pepkor Holdings has scheduled an Analyst/Investor Day to provide deeper insight into its retail powered consumer platform, which serves the needs of more than 32 million known customers across southern Africa and beyond.
TRU
R53.04
Truworths International
7D
6.1%
1Y
-23.8%
Narrative Update • Jun 04

TRU: Sustained Dividend Policy Will Continue To Support Future Share Price Upside

Analysts have kept the Truworths International price target steady at ZAR68.00. Only small adjustments to assumptions such as the discount rate, revenue growth outlook, profit margin and future P/E have shaped this reaffirmed view.
CMH
R39.80
Combined Motor Holdings
7D
-1.7%
1Y
21.3%
ADH
R43.34
ADvTECH
7D
-0.09%
1Y
39.9%
WHL
R50.15
Woolworths Holdings
7D
3.5%
1Y
-8.2%
Narrative Update • May 16

WHL: Interim Dividend And CEO Succession Will Support Future Upside Potential

Analysts have kept the Woolworths Holdings price target steady at ZAR60.33, with the smaller changes in discount rate, profit margin, and forward P/E assumptions seen as offsetting each other rather than shifting the overall valuation. What's in the News Group CEO Roy Bagattini plans to step down as Group CEO with effect from 31 May 2026 and retire from the company at the end of September 2026, following more than six years in the role (Key Developments).
SUI
R51.91
Sun International
7D
8.8%
1Y
24.2%
SDO
R11.51
Stadio Holdings
7D
-6.3%
1Y
34.9%
ITE
R8.65
Italtile
7D
5.6%
1Y
-13.5%
SPG
R17.94
Super Group
7D
7.1%
1Y
-40.6%