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South African (JSE) Consumer Discretionary Sector Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies29
  • 7D-6.8%
  • 3M-16.6%
  • 1Y-7.7%
  • YTD-16.7%

Over the last 7 days, the Consumer Discretionary industry has dropped 6.1%, driven by Naspers declining 9.1%. Meanwhile, Stadio Holdings actually outperformed within the industry, gaining 6.0% in the last week. The industry has fallen 7.1% in the last year. As for the next few years, earnings are expected to grow by 3.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026R1.0tR748.6bR127.7b9.9x8.1x1.4x
Thu, 19 Feb 2026R1.1tR735.0bR123.9b10.8x8.8x1.5x
Sat, 17 Jan 2026R1.2tR737.9bR126.0b10.7x9.8x1.7x
Mon, 15 Dec 2025R1.3tR746.8bR128.7b11x9.7x1.7x
Wed, 12 Nov 2025R1.3tR729.8bR120.7b10.7x11.2x1.8x
Fri, 10 Oct 2025R1.4tR725.3bR121.0b10.6x11.5x1.9x
Sun, 07 Sep 2025R1.3tR743.2bR122.4b10.4x10.6x1.7x
Tue, 05 Aug 2025R1.3tR743.6bR125.5b10.8x10.3x1.7x
Thu, 03 Jul 2025R1.3tR741.0bR123.5b10.6x10.2x1.7x
Sat, 31 May 2025R1.2tR733.7bR91.1b11.6x13.7x1.7x
Mon, 28 Apr 2025R1.2tR729.3bR92.3b11.2x13.1x1.7x
Wed, 26 Mar 2025R1.2tR730.7bR90.6b11.4x13x1.6x
Fri, 21 Feb 2025R1.2tR728.6bR90.3b12.1x13.7x1.7x
Sun, 19 Jan 2025R1.1tR731.2bR91.6b12.8x11.9x1.5x
Tue, 17 Dec 2024R1.2tR725.3bR88.6b12.9x13.9x1.7x
Thu, 14 Nov 2024R1.1tR722.8bR80.2b12.6x14x1.6x
Sat, 12 Oct 2024R1.2tR696.2bR77.0b13.2x15.3x1.7x
Mon, 09 Sep 2024R1.0tR699.3bR79.5b10.5x13x1.5x
Wed, 07 Aug 2024R977.8bR697.8bR82.7b9.6x11.8x1.4x
Fri, 05 Jul 2024R1.0tR696.3bR82.0b10x12.4x1.5x
Sun, 02 Jun 2024R993.5bR707.7bR106.6b8.4x9.3x1.4x
Tue, 30 Apr 2024R985.5bR703.1bR106.6b8.6x9.2x1.4x
Thu, 28 Mar 2024R940.6bR726.2bR106.7b8.7x8.8x1.3x
Sat, 24 Feb 2024R967.6bR715.5bR109.0b9.1x8.9x1.4x
Mon, 22 Jan 2024R881.9bR714.4bR108.1b8.5x8.2x1.2x
Wed, 20 Dec 2023R968.7bR709.5bR105.0b8.6x9.2x1.4x
Fri, 17 Nov 2023R1.0tR697.6bR101.6b9.1x9.9x1.4x
Sun, 15 Oct 2023R909.9bR700.0bR104.8b10.1x8.7x1.3x
Tue, 12 Sep 2023R949.6bR695.9bR104.1b9x9.1x1.4x
Thu, 10 Aug 2023R990.3bR690.4bR105.0b8.9x9.4x1.4x
Sat, 08 Jul 2023R941.8bR665.6bR104.7b8.5x9x1.4x
Mon, 05 Jun 2023R941.7bR693.3bR75.5b9.4x12.5x1.4x
Wed, 03 May 2023R969.0bR680.9bR73.6b10x13.2x1.4x
Fri, 31 Mar 2023R1.0tR673.8bR72.7b10.1x13.9x1.5x
Price to Earnings Ratio

13.9x


Total Market Cap: R1.0tTotal Earnings: R72.7bTotal Revenue: R673.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Discretionary Sector Price to Earnings3Y Average 11.1x202420252026
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 11.1x.
  • 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 21% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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 Market-4.70%
Consumer Discretionary-6.75%
Auto Components19.38%
Consumer Durables2.18%
Hospitality2.12%
Consumer Services1.77%
Retail Distributors0%0
Online Retail and Ecommerce0%0
Specialty Stores-3.25%
General Merchandise and Department Stores-8.68%
Industry PE
  • Investors are most optimistic about the Consumer Services industry, which is trading close to its 3-year average PE ratio of 20.5x.
    • Analysts are expecting annual earnings growth of 12.8%, which is lower than the prior year's growth of 20.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Auto Components industry, expecting annual earnings growth of 61% 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
SDO Stadio HoldingsR11.396.0%
+R496.0m		58.0%PE29.4x
SUI Sun InternationalR42.664.4%
+R435.9m		2.2%PE6.4x
MTH Motus HoldingsR120.011.4%
+R299.3m		36.2%PE7.9x
SSU Southern SunR9.941.9%
+R255.0m		19.3%PE13.1x
FBR Famous BrandsR51.803.6%
+R180.4m		-6.6%PE9.2x

Latest News

SDO
R11.39
Stadio Holdings
7D
6.0%
1Y
58.0%
NPN
R886.00
Naspers
7D
-9.1%
1Y
-5.3%

NPN: Future Returns Will Be Driven By Higher Growth And Premium P/E

Analysts have raised their price target for Naspers to ZAR1,184, citing adjusted assumptions around the discount rate, revenue growth, profit margins, and future P/E as key drivers of the updated view. Valuation Changes Fair Value: ZAR1,184.25 remains unchanged in the updated assessment.
MTA
R4.99
Metair Investments
7D
19.4%
1Y
-30.7%
TRU
R51.00
Truworths International
7D
-6.3%
1Y
-33.4%

TRU: Fair Value View Will Weigh Dividend Strength Against Lower Future P/E

Analysts now set their price target for Truworths International at ZAR53, unchanged from the prior ZAR53. Small shifts in the assumed discount rate, revenue growth, profit margin and future P/E help to refine rather than reset their outlook.
MTH
R120.01
Motus Holdings
7D
1.4%
1Y
36.2%

MTH: Organic Expansion And Share Buybacks Will Support Future Upside

Analysts have raised their ZAR price target for Motus Holdings from ZAR137.50 to about ZAR149.25, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News Management reiterated that Motus Holdings is not pursuing large acquisitions and is instead considering small bolt on deals alongside share repurchases as part of its overall approach to growth (Key Developments).
SUI
R42.66
Sun International
7D
4.4%
1Y
2.2%
WHL
R51.10
Woolworths Holdings
7D
-1.8%
1Y
-6.1%
WBC
R42.95
We Buy Cars Holdings
7D
-2.5%
1Y
1.4%

WBC: Future Earnings Will Stay Solid As Discount Rate Support Strengthens

Analysts have held their ZAR fair value estimate for We Buy Cars Holdings steady at ZAR56.72 per share. A slightly lower discount rate and marginally adjusted long term profit margin and future P/E assumptions guided the unchanged price target.
WVR
R62.50
Weaver Fintech
7D
-9.4%
1Y
108.4%
MRP
R153.43
Mr Price Group
7D
-9.0%
1Y
-32.1%

MRP: Dividend Support And Allan Gray Ownership Will Drive Future Upside

Analysts have trimmed their price target for Mr Price Group slightly, from ZAR259.03 to ZAR253.93, as small adjustments to the discount rate and expected future P/E have resulted in a modestly lower fair value estimate. What's in the News Allan Gray Proprietary Limited acquired an additional minority stake in Mr Price Group Limited (JSE:MRP) on January 22, 2026, taking Allan Gray clients' holding to 10.1318% of the total issued ordinary shares of the company (Key Developments).
ITE
R8.70
Italtile
7D
-4.4%
1Y
-18.0%
PPH
R23.10
Pepkor Holdings
7D
-1.1%
1Y
-12.0%
SSU
R9.94
Southern Sun
7D
1.9%
1Y
19.3%
TSG
R7.10
Tsogo Sun
7D
1.4%
1Y
-15.2%

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
BWN
R3.34
Balwin Properties
7D
4.4%
1Y
74.0%
FBR
R51.80
Famous Brands
7D
3.6%
1Y
-6.6%