Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Consumer Discretionary Sector Analysis

UpdatedAug 07, 2026
DataAggregated Company Financials
Companies29
  • 7D1.1%
  • 3M-1.5%
  • 1Y-17.7%
  • YTD-17.4%

Over the last 7 days, the Consumer Discretionary industry has risen 1.1%, driven by gains from Naspers of 1.3%. However, the industry is down 18% over the past year. Looking forward, earnings are forecast to grow by 8.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Aug 2026R1.0tR806.1bR111.7b11x9.1x1.3x
Sun, 05 Jul 2026R968.1bR804.9bR111.1b10.9x8.7x1.2x
Tue, 02 Jun 2026R993.0bR754.3bR125.0b9.7x7.9x1.3x
Thu, 30 Apr 2026R1.0tR749.0bR127.8b10.2x8.1x1.4x
Sat, 28 Mar 2026R1.0tR751.4bR129.5b9.9x7.8x1.3x
Mon, 23 Feb 2026R1.1tR735.0bR123.8b11x8.7x1.5x
Wed, 21 Jan 2026R1.2tR737.8bR126.0b10.6x9.5x1.6x
Fri, 19 Dec 2025R1.2tR745.6bR127.9b11.2x9.8x1.7x
Sun, 16 Nov 2025R1.4tR729.5bR120.6b10.6x11.2x1.9x
Tue, 14 Oct 2025R1.4tR726.1bR121.5b10.5x11.1x1.9x
Thu, 11 Sep 2025R1.3tR724.2bR122.6b9.8x10.6x1.8x
Sat, 09 Aug 2025R1.3tR742.2bR124.5b10.7x10.3x1.7x
Mon, 07 Jul 2025R1.3tR741.2bR123.7b10.8x10.2x1.7x
Wed, 04 Jun 2025R1.3tR732.9bR90.7b11.1x13.8x1.7x
Fri, 02 May 2025R1.2tR728.5bR91.9b11.3x13.2x1.7x
Sun, 30 Mar 2025R1.2tR727.4bR91.5b11.2x12.7x1.6x
Tue, 25 Feb 2025R1.2tR728.6bR90.3b11.9x13.1x1.6x
Thu, 23 Jan 2025R1.1tR729.5bR90.8b12.4x12x1.5x
Sat, 21 Dec 2024R1.2tR728.3bR90.2b13.3x13.2x1.6x
Mon, 18 Nov 2024R1.1tR722.7bR80.1b12.9x14.1x1.6x
Wed, 16 Oct 2024R1.2tR697.9bR77.8b12.7x14.9x1.7x
Fri, 13 Sep 2024R1.0tR698.6bR77.8b11x13.2x1.5x
Sun, 11 Aug 2024R1.0tR696.7bR82.2b9.6x12.4x1.5x
Tue, 09 Jul 2024R1.0tR695.4bR81.5b9.6x12.4x1.5x
Thu, 06 Jun 2024R1.0tR709.1bR107.3b8.4x9.5x1.4x
Sat, 04 May 2024R1.0tR702.2bR106.0b8.6x9.6x1.4x
Mon, 01 Apr 2024R948.5bR726.2bR106.7b8.6x8.9x1.3x
Wed, 28 Feb 2024R944.3bR714.3bR108.2b9x8.7x1.3x
Fri, 26 Jan 2024R945.6bR713.3bR107.4b9x8.8x1.3x
Sun, 24 Dec 2023R864.1bR710.8bR105.8b8.5x8.2x1.2x
Tue, 21 Nov 2023R985.4bR698.3bR102.0b9.1x9.7x1.4x
Thu, 19 Oct 2023R893.3bR700.3bR104.9b10.2x8.5x1.3x
Sat, 16 Sep 2023R946.3bR697.3bR104.4b8.9x9.1x1.4x
Mon, 14 Aug 2023R986.3bR690.5bR105.0b8.9x9.4x1.4x
Price to Earnings Ratio

9.4x


Total Market Cap: R986.3bTotal Earnings: R105.0bTotal Revenue: R690.5bTotal 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 9.1x 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 1.3x.
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 5.3% 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 Market2.86%
Consumer Discretionary1.06%
Specialty Stores1.52%
Consumer Services1.16%
General Merchandise and Department Stores1.03%
Auto Components0.20%
Retail Distributors0%0
Online Retail and Ecommerce0%0
Hospitality-0.76%
Consumer Durables-1.13%
Industry PE
  • Investors are most optimistic about the Consumer Services industry, which is trading close to its 3-year average PE ratio of 21.3x.
    • 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 66% over the next 5 years.
  • In contrast, the Hospitality industry is expected to see its earnings grow by 6.8% 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
NPN NaspersR912.035.1%
+R33.6b		-18.5%PE8.5x
MRP Mr Price GroupR180.145.9%
+R2.6b		-13.3%PE12.4x
PPH Pepkor HoldingsR21.802.4%
+R1.9b		-17.2%PE13.4x
MTH Motus HoldingsR109.194.0%
+R743.8m		19.7%PE7.2x
SPG Super GroupR21.1211.6%
+R739.9m		45.3%PE7.8x

Latest News

NPN
R912.03
Naspers
7D
5.1%
1Y
-18.5%
Narrative Update • Aug 06

NPN: Prosus Exposure And Capital Returns Will Support Future Upside

Analysts have trimmed their fair value estimate for Naspers, with the implied price target moving from about ZAR 1,313 to roughly ZAR 1,280. This reflects updated assumptions on growth, margins and future P/E in light of recent Neutral coverage and the ZAR 902 target cited for the stock.
MTH
R109.19
Motus Holdings
7D
4.0%
1Y
19.7%
Narrative Update • Aug 06

MTH: Fair Value View Will Rely On Higher Growth And Lower P/E Expectations

Analysts have trimmed their price target for Motus Holdings from ZAR125 to ZAR110, reflecting updated assumptions that include a revised fair value estimate, a slightly lower discount rate, adjusted revenue growth expectations and a more conservative future P/E multiple. What’s in the News for Motus Holdings No recent news items for Motus Holdings are available from the specified primary sources as at 6 August 2026.
SPG
R21.12
Super Group
7D
11.6%
1Y
45.3%
Narrative Update • Aug 06

SPG: Future Returns Will Rely On Modest Margin And Higher P/E

Analysts have lifted their price target for Super Group to ZAR23.37 from ZAR20.77, citing updated fair value work along with slight adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions as the key drivers of the change. What’s in the News for Super Group No recent Super Group specific news events were identified in the primary news feed as of 6 August 2026.
WBC
R32.15
We Buy Cars Holdings
7D
-2.5%
1Y
-40.5%
New Narrative • Aug 06

Used Vehicle Margin Pressures Will Persist But Platform Expansion Should Slowly Support Earnings

Catalysts About We Buy Cars Holdings We Buy Cars Holdings operates a used vehicle buying and selling platform with a national supermarket and buying pod footprint in South Africa. What are the underlying business or industry changes driving this perspective?
TSG
R7.56
Tsogo Sun
7D
3.7%
1Y
12.8%
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...
WHL
R46.37
Woolworths Holdings
7D
-1.3%
1Y
-7.7%
LEW
R86.75
Lewis Group
7D
-2.3%
1Y
12.7%
SSU
R10.10
Southern Sun
7D
-1.5%
1Y
14.8%
TFG
R57.56
Foschini Group
7D
1.7%
1Y
-48.1%
Narrative Update • Jul 28

TFG: Dividend And Lower P/E Will Support Future Upside Potential

The Foschini Group price target has been revised from ZAR97.16 to ZAR81.00, reflecting analysts' updated assumptions for discount rates, revenue growth, profit margins and a lower future P/E multiple. What's in the News for Foschini Group Foschini Group declared a final ordinary gross cash dividend of ZAR1.40 per share, equal to ZAR1.12 per share net of 20% dividend withholding tax, for the period ended 31 March 2026, sourced from income reserves.
MRP
R180.14
Mr Price Group
7D
5.9%
1Y
-13.3%
CSB
R118.00
Cashbuild
7D
-1.3%
1Y
-15.1%
ITE
R9.84
Italtile
7D
6.4%
1Y
2.5%
SUI
R51.62
Sun International
7D
-3.0%
1Y
10.4%
WVR
R53.02
Weaver Fintech
7D
-3.2%
1Y
41.8%
PPH
R21.80
Pepkor Holdings
7D
2.4%
1Y
-17.2%
Narrative Update • Jun 24

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

Analysts have slightly reduced their fair value estimate for Pepkor Holdings, trimming the price target from ZAR29.79 to ZAR29.45. This reflects updated assumptions on the discount rate, revenue growth, profit margins and future P/E multiples.
SUR
R41.00
Spur
7D
-2.1%
1Y
25.0%