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South African (JSE) Consumer Discretionary Sector Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies30
  • 7D1.7%
  • 3M-4.6%
  • 1Y8.2%
  • YTD11.4%

The Consumer Discretionary industry is up 1.7% in the last week, with Naspers up 2.8%. This takes the industry's 12 month performance to a gain of 11%. 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
Tue, 23 Dec 2025R1.3tR745.5bR127.8b11.5x9.9x1.7x
Thu, 20 Nov 2025R1.3tR730.3bR121.1b11.1x11x1.8x
Sat, 18 Oct 2025R1.3tR727.4bR122.0b10.5x11x1.8x
Mon, 15 Sep 2025R1.3tR726.4bR121.7b10.4x10.9x1.8x
Wed, 13 Aug 2025R1.3tR741.0bR123.6b10.8x10.4x1.7x
Fri, 11 Jul 2025R1.3tR742.3bR124.5b11x10.2x1.7x
Sun, 08 Jun 2025R1.3tR737.2bR90.9b11.2x13.8x1.7x
Tue, 06 May 2025R1.2tR727.0bR90.8b11.3x13.5x1.7x
Thu, 03 Apr 2025R1.2tR730.2bR92.9b11.2x12.6x1.6x
Sat, 01 Mar 2025R1.2tR729.6bR91.0b11.7x13.1x1.6x
Mon, 27 Jan 2025R1.1tR729.0bR90.5b12.1x11.9x1.5x
Wed, 25 Dec 2024R1.2tR730.2bR91.1b12.9x13.2x1.6x
Fri, 22 Nov 2024R1.1tR723.7bR79.4b12.9x14.4x1.6x
Sun, 20 Oct 2024R1.2tR697.5bR77.6b13x15.1x1.7x
Tue, 17 Sep 2024R1.0tR695.5bR77.6b10.9x13.2x1.5x
Thu, 15 Aug 2024R1.0tR695.5bR81.5b9.8x12.6x1.5x
Sat, 13 Jul 2024R1.0tR694.5bR81.1b9.7x12.7x1.5x
Mon, 10 Jun 2024R1.0tR710.2bR107.3b8.6x9.5x1.4x
Wed, 08 May 2024R1.0tR702.2bR106.0b8.4x9.5x1.4x
Fri, 05 Apr 2024R944.6bR725.2bR106.1b8.8x8.9x1.3x
Sun, 03 Mar 2024R918.7bR726.8bR107.4b8.7x8.6x1.3x
Tue, 30 Jan 2024R947.2bR712.8bR107.1b8.9x8.8x1.3x
Thu, 28 Dec 2023R917.6bR709.7bR105.1b8.4x8.7x1.3x
Sat, 25 Nov 2023R1.0tR702.4bR103.8b10x9.7x1.4x
Mon, 23 Oct 2023R863.5bR699.9bR104.7b9.7x8.2x1.2x
Wed, 20 Sep 2023R839.9bR699.0bR104.5b9.4x8x1.2x
Fri, 18 Aug 2023R969.7bR691.5bR105.5b8.8x9.2x1.4x
Sun, 16 Jul 2023R987.8bR660.7bR101.9b9.5x9.7x1.5x
Tue, 13 Jun 2023R939.5bR690.1bR73.5b9.8x12.8x1.4x
Thu, 11 May 2023R946.4bR685.1bR74.5b9.8x12.7x1.4x
Sat, 08 Apr 2023R994.5bR678.9bR73.0b10.1x13.6x1.5x
Mon, 06 Mar 2023R1.0tR670.3bR72.7b10.6x14x1.5x
Wed, 01 Feb 2023R1.1tR648.1bR70.7b11x15.1x1.6x
Fri, 30 Dec 2022R835.6bR644.5bR69.6b11.3x12x1.3x
Price to Earnings Ratio

12x


Total Market Cap: R835.6bTotal Earnings: R69.6bTotal Revenue: R644.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Discretionary Sector Price to Earnings3Y Average 11.4x202320242025
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 10.0x which is lower than its 3-year average PE of 11.4x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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 Market2.76%
Consumer Discretionary1.72%
General Merchandise and Department Stores2.81%
Consumer Services2.41%
Auto Components1.13%
Hospitality0.43%
Retail Distributors0%0
Online Retail and Ecommerce0%0
Consumer Durables-1.22%
Specialty Stores-1.79%
Industry PE
  • Investors are most optimistic about the Consumer Services industry which is trading above its 3-year average PE ratio of 20.0x.
    • Analysts are expecting annual earnings growth of 12.8%, which is lower than the prior year's growth of 16.0% 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
NPN NaspersR1.11k3.0%
+R25.4b		29.7%PE9x
COH Curro HoldingsR14.304.6%
+R362.9m		10.0%PE411.9x
SDO Stadio HoldingsR13.153.3%
+R357.0m		92.5%PE37.1x
SSU Southern SunR10.311.8%
+R241.6m		13.8%PE13.6x
ADH ADvTECHR37.201.1%
+R220.0m		13.9%PE17.2x

Latest News

NPN
R1,113.22
Naspers
7D
3.0%
1Y
29.7%

Naspers' (JSE:NPN) Returns On Capital Are Heading Higher

Dec 22
Naspers' (JSE:NPN) Returns On Capital Are Heading Higher
CMH
R35.75
Combined Motor Holdings
7D
-4.9%
1Y
9.3%
MTH
R118.92
Motus Holdings
7D
-2.0%
1Y
-4.0%

MTH Will Likely See Improved Profitability With Modest Near-Term Expectations

Analysts have raised their price target on Motus Holdings from R103.00 to R115.00, citing expectations of improved profitability and a higher future earnings multiple, despite slightly lower projected revenue growth and a modestly reduced discount rate. Valuation Changes Fair Value: Increased from ZAR 103.00 to ZAR 115.00, reflecting a moderate upward revision in the estimated intrinsic value per share.
LEW
R90.50
Lewis Group
7D
3.4%
1Y
14.4%
MRP
R171.75
Mr Price Group
7D
-5.3%
1Y
-42.2%

MRP: Dividend Momentum And Margin Recovery Will Drive Share Price Upside

Analysts have raised their price target on Mr Price Group to ZAR 257, a modest uplift that reflects slightly improved margin expectations and valuation multiples despite a higher assumed discount rate. Analyst Commentary Recent research commentary on Mr Price Group has turned incrementally more constructive following the upgrade to Buy, with the higher target price framed as a function of both improving operational execution and a still-reasonable valuation backdrop.
ADH
R37.20
ADvTECH
7D
1.1%
1Y
13.9%

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
R52.07
Famous Brands
7D
-3.6%
1Y
-23.5%
WHL
R54.52
Woolworths Holdings
7D
-0.8%
1Y
-12.2%
WBC
R47.21
We Buy Cars Holdings
7D
-2.0%
1Y
6.8%

WBC: Future Earnings Potential Will Remain Strong Amid Slightly Higher Risk

Narrative Update on We Buy Cars Holdings Analysts have modestly raised their price target on We Buy Cars Holdings by R0.00 per share, reflecting largely unchanged fair value assumptions alongside slightly higher discount rate and future P E expectations that adjust for marginally increased perceived risk. Valuation Changes Fair Value: Unchanged at ZAR 55.67 per share, indicating no revision to intrinsic value estimates.
TSG
R6.80
Tsogo Sun
7D
3.0%
1Y
-32.6%

There May Be Reason For Hope In Tsogo Sun's (JSE:TSG) Disappointing Earnings

Dec 05
There May Be Reason For Hope In Tsogo Sun's (JSE:TSG) Disappointing Earnings
SSU
R10.31
Southern Sun
7D
1.8%
1Y
13.8%
SDO
R13.15
Stadio Holdings
7D
3.3%
1Y
92.5%
SUR
R38.85
Spur
7D
4.9%
1Y
11.0%

Shareholders May Not Be So Generous With Spur Corporation Ltd's (JSE:SUR) CEO Compensation And Here's Why

Nov 28
Shareholders May Not Be So Generous With Spur Corporation Ltd's (JSE:SUR) CEO Compensation And Here's Why
PPH
R25.91
Pepkor Holdings
7D
-1.7%
1Y
-11.6%

PPH: Upgraded Buy Rating And Cost Controls Will Drive Stronger Momentum

The analyst price target for Pepkor Holdings has been revised down from R32.76 to R31.74. Analysts cite changes in profit margin assumptions and recent research highlighting improved sentiment, which is reflected in a Buy rating upgrade.
COH
R14.30
Curro Holdings
7D
4.6%
1Y
10.0%
SUI
R37.85
Sun International
7D
-1.8%
1Y
-13.4%