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South African (JSE) Consumer Discretionary Sector Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies29
  • 7D2.6%
  • 3M-4.7%
  • 1Y-8.9%
  • YTD-13.8%

The Consumer Discretionary industry is up 2.6% in the last week, with Naspers up 2.7%. In the past year, the industry is down 8.9%. Looking forward, earnings are forecast to grow by 3.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 08 May 2026R1.1tR747.0bR125.3b10.3x8.5x1.4x
Sun, 05 Apr 2026R1.0tR750.2bR128.7b9.9x8x1.4x
Tue, 03 Mar 2026R1.1tR737.3bR123.6b11x8.7x1.5x
Thu, 29 Jan 2026R1.2tR733.9bR123.1b10.7x9.8x1.6x
Sat, 27 Dec 2025R1.3tR745.2bR127.6b11.5x9.9x1.7x
Mon, 24 Nov 2025R1.3tR732.5bR122.0b11x10.7x1.8x
Wed, 22 Oct 2025R1.4tR727.7bR122.2b10.4x11.1x1.9x
Fri, 19 Sep 2025R1.4tR726.3bR121.6b10.2x11.2x1.9x
Sun, 17 Aug 2025R1.3tR741.4bR123.8b10.8x10.6x1.8x
Tue, 15 Jul 2025R1.3tR743.4bR125.3b10.8x10x1.7x
Thu, 12 Jun 2025R1.3tR736.8bR90.7b11.6x14x1.7x
Sat, 10 May 2025R1.2tR726.7bR90.7b11.4x13.7x1.7x
Mon, 07 Apr 2025R1.1tR732.0bR93.8b10.6x11.6x1.5x
Wed, 05 Mar 2025R1.2tR729.3bR90.9b11.7x12.9x1.6x
Fri, 31 Jan 2025R1.1tR729.4bR90.7b11.7x12.1x1.5x
Sun, 29 Dec 2024R1.2tR730.8bR91.4b12.9x13x1.6x
Tue, 26 Nov 2024R1.1tR724.6bR79.5b12.3x14.3x1.6x
Thu, 24 Oct 2024R1.1tR698.8bR78.2b12.4x14.6x1.6x
Sat, 21 Sep 2024R1.1tR696.4bR77.3b11.7x14x1.6x
Mon, 19 Aug 2024R1.0tR693.8bR80.8b10.2x13x1.5x
Wed, 17 Jul 2024R1.0tR695.0bR81.3b9.8x12.4x1.5x
Fri, 14 Jun 2024R1.0tR707.1bR105.4b8.6x9.8x1.5x
Sun, 12 May 2024R1.0tR701.5bR105.6b8.5x9.7x1.5x
Tue, 09 Apr 2024R945.9bR724.5bR105.6b8.2x9x1.3x
Thu, 07 Mar 2024R899.1bR725.2bR106.0b8.6x8.5x1.2x
Sat, 03 Feb 2024R961.2bR713.5bR107.5b8.8x8.9x1.3x
Mon, 01 Jan 2024R940.7bR709.2bR104.8b8.4x9x1.3x
Wed, 29 Nov 2023R995.9bR704.7bR103.0b9.8x9.7x1.4x
Fri, 27 Oct 2023R873.8bR700.2bR104.6b9.7x8.4x1.2x
Sun, 24 Sep 2023R830.7bR697.7bR103.7b9.4x8x1.2x
Tue, 22 Aug 2023R953.5bR690.6bR105.1b8.6x9.1x1.4x
Thu, 20 Jul 2023R974.9bR659.5bR101.3b9.4x9.6x1.5x
Sat, 17 Jun 2023R965.2bR686.9bR72.7b10x13.3x1.4x
Mon, 15 May 2023R950.5bR688.8bR75.4b9.8x12.6x1.4x
Price to Earnings Ratio

12.6x


Total Market Cap: R950.5bTotal Earnings: R75.4bTotal Revenue: R688.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Discretionary Sector Price to Earnings3Y Average 10.8x202420252026
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 8.5x which is lower than its 3-year average PE of 10.8x.
  • 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 18% per year over the last three years.
  • Revenues for these companies have grown 2.7% 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 Market3.56%
Consumer Discretionary2.60%
Consumer Durables6.68%
Consumer Services4.06%
General Merchandise and Department Stores2.72%
Specialty Stores2.14%
Hospitality1.83%
Auto Components1.16%
Retail Distributors0%0
Online Retail and Ecommerce0%0
Industry PE
  • Investors are most optimistic about the Consumer Services industry, which is trading close to its 3-year average PE ratio of 20.7x.
    • 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
NPN NaspersR922.422.7%
+R18.2b		-7.4%PE7.5x
PPH Pepkor HoldingsR22.753.6%
+R2.9b		-14.6%PE14.9x
ADH ADvTECHR44.434.2%
+R978.8m		44.4%PE19x
WHL Woolworths HoldingsR53.202.0%
+R922.5m		-5.2%PE27.9x
SSU Southern SunR10.706.4%
+R858.9m		23.6%PE14.1x

Latest News

SSU
R10.70
Southern Sun
7D
6.4%
1Y
23.6%
CMH
R38.77
Combined Motor Holdings
7D
-6.8%
1Y
17.5%
Analysis Article • May 06

We Think Combined Motor Holdings' (JSE:CMH) Robust Earnings Are Conservative

Combined Motor Holdings Limited ( JSE:CMH ) just reported healthy earnings but the stock price didn't move much. Our...
MRP
R159.00
Mr Price Group
7D
1.9%
1Y
-33.2%
Narrative Update • May 05

MRP: Higher Growth And Margin Assumptions Will Support Stronger Future Returns

Analysts have adjusted their fair value estimate for Mr Price Group slightly from ZAR480.13 to ZAR476.48, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E. Valuation Changes Fair Value: Adjusted slightly lower from ZAR480.13 to ZAR476.48.
PPH
R22.75
Pepkor Holdings
7D
3.6%
1Y
-14.6%
NPN
R922.42
Naspers
7D
2.7%
1Y
-7.4%
Narrative Update • May 03

NPN: Future Upside Will Rely On Execution Against Refined P/E Assumptions

Naspers' analyst price target has been adjusted slightly from ZAR1,085.72 to ZAR1,076.13 as analysts refine their views on discount rates, revenue growth, profit margins, and future P/E assumptions following recent research updates. Analyst Commentary Recent research updates around the ZAR1,076.13 price target highlight a more cautious tone, with several Bearish analysts focusing on execution risks, valuation assumptions, and the sensitivity of Naspers' earnings to changes in discount rates and profit margin expectations.
MTH
R108.45
Motus Holdings
7D
-2.7%
1Y
23.3%
Narrative Update • May 01

MTH: Dividend And Bolt On Acquisitions Will Support Future Upside Potential

Analysts have adjusted their ZAR price target for Motus Holdings from ZAR170.03 to ZAR156.69 as they factor in updated assumptions for revenue growth, profit margins, the discount rate, and a lower future P/E multiple. What's in the News The Board declared a gross interim ordinary dividend of ZAR3.00 per ordinary share, payable to holders of 177,963,447 ordinary shares out of income reserves (Key Developments).
WVR
R63.50
Weaver Fintech
7D
-2.3%
1Y
115.6%
TRU
R53.45
Truworths International
7D
3.2%
1Y
-26.6%
Narrative Update • Apr 30

TRU: Sustained Dividend Payout Will Support Future Share Price Upside

Analysts have kept the Truworths International price target steady at ZAR68.00. Small refinements to assumptions, such as a slightly higher discount rate, marginally adjusted revenue growth and profit margin expectations, and a modestly higher future P/E, help to fine tune the valuation rather than shift it.
SDO
R11.80
Stadio Holdings
7D
-0.4%
1Y
51.3%
WBC
R37.70
We Buy Cars Holdings
7D
-0.8%
1Y
-11.3%
Narrative Update • Apr 29

WBC: Fair Value View Will Stay Supportive As Required Return Edges Higher

Analysts have kept their ZAR fair value estimate for We Buy Cars Holdings broadly steady at around ZAR55.15 per share, with only minor tweaks to inputs such as the discount rate and assumed future P/E. These reflect updated views on risk and longer term earnings power rather than a major shift in conviction.
TFG
R71.39
Foschini Group
7D
2.1%
1Y
-45.1%
Narrative Update • Apr 27

TFG: EPS Guidance Reset And Higher Impairments Will Support Future Upside Potential

Analysts have trimmed Foschini Group's implied fair value from ZAR104.30 to about ZAR100.93, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News The Foschini Group issued earnings guidance for the year ending 31 March 2026, indicating that impairments might be up to ZAR750 million.
WHL
R53.20
Woolworths Holdings
7D
2.0%
1Y
-5.2%
Narrative Update • Apr 23

WHL: Interim Dividend Payout Will Underpin Future Upside Confidence

Analysts now place their price target for Woolworths Holdings at ZAR60.33, slightly below the prior ZAR61.40. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples.
ADH
R44.43
ADvTECH
7D
4.2%
1Y
44.4%
NCS
R2.20
Nictus
7D
-8.3%
1Y
12.8%
ITE
R8.65
Italtile
7D
-3.8%
1Y
-18.1%
FBR
R53.13
Famous Brands
7D
-0.6%
1Y
-8.5%