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South African (JSE) General Merchandise and Department Stores Industry Analysis

UpdatedOct 20, 2025
DataAggregated Company Financials
Companies2
  • 7D-3.7%
  • 3M5.1%
  • 1Y36.2%
  • YTD39.2%

Over the last 7 days, the General Merchandise and Department Stores industry has dropped 5.3%, driven by a pullback from Naspers of 5.6%. Over the past 12 months, the industry was up 40%. Looking forward, earnings are forecast to grow by 5.0% annually.

Industry Valuation and Performance

Has the South African General Merchandise and Department Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Oct 2025R969.5bR204.2bR95.6b14.8x10.1x4.7x
Wed, 17 Sep 2025R967.6bR204.1bR95.6b14.7x10.1x4.7x
Fri, 15 Aug 2025R956.7bR205.0bR97.5b12.5x9.8x4.7x
Sun, 13 Jul 2025R896.2bR207.4bR99.3b11.9x9x4.3x
Tue, 10 Jun 2025R865.1bR200.2bR64.4b15.2x13.4x4.3x
Thu, 08 May 2025R849.1bR204.1bR66.4b14.8x12.8x4.2x
Sat, 05 Apr 2025R763.5bR209.8bR69.3b12.9x11x3.6x
Mon, 03 Mar 2025R788.1bR205.0bR67.5b15.8x11.7x3.8x
Wed, 29 Jan 2025R691.0bR205.0bR67.5b15.1x10.2x3.4x
Fri, 27 Dec 2024R756.7bR206.2bR68.1b16.3x11.1x3.7x
Sun, 24 Nov 2024R712.9bR193.1bR59.2b17.6x12x3.7x
Tue, 22 Oct 2024R765.0bR189.8bR57.6b17.8x13.3x4x
Thu, 19 Sep 2024R664.5bR189.5bR57.5b16.9x11.6x3.5x
Sat, 17 Aug 2024R692.0bR188.9bR59.5b13.7x11.6x3.7x
Mon, 15 Jul 2024R693.9bR189.7bR59.8b13.1x11.6x3.7x
Wed, 12 Jun 2024R718.9bR204.7bR85.1b10.8x8.4x3.5x
Fri, 10 May 2024R722.2bR203.8bR84.5b11.6x8.5x3.5x
Sun, 07 Apr 2024R650.8bR205.4bR85.5b10.9x7.6x3.2x
Tue, 05 Mar 2024R603.1bR207.9bR87.0b11.1x6.9x2.9x
Thu, 01 Feb 2024R628.9bR203.8bR85.9b11.5x7.3x3.1x
Sat, 30 Dec 2023R634.7bR202.0bR84.7b11.9x7.5x3.1x
Mon, 27 Nov 2023R695.1bR199.8bR75.2b12.5x9.2x3.5x
Wed, 25 Oct 2023R598.9bR201.7bR76.2b11.5x7.9x3x
Fri, 22 Sep 2023R528.9bR200.7bR75.7b11.3x7x2.6x
Sun, 20 Aug 2023R673.7bR212.6bR76.2b12.2x8.8x3.2x
Tue, 18 Jul 2023R718.0bR206.3bR72.7b12.7x9.9x3.5x
Thu, 15 Jun 2023R671.9bR237.9bR43.6b15.2x15.4x2.8x
Sat, 13 May 2023R694.6bR246.5bR45.7b14.5x15.2x2.8x
Mon, 10 Apr 2023R720.9bR237.1bR43.4b15.5x16.6x3x
Wed, 08 Mar 2023R66.2bR80.1bR3.7b17.8x17.8x0.8x
Fri, 03 Feb 2023R71.7bR80.1bR3.7b19.3x19.3x0.9x
Sun, 01 Jan 2023R61.6bR80.1bR3.7b16.6x16.6x0.8x
Tue, 29 Nov 2022R62.4bR80.1bR3.7b16.8x16.8x0.8x
Thu, 27 Oct 2022R59.2bR80.1bR3.7b15.9x15.9x0.7x
Price to Earnings Ratio

15.9x


Total Market Cap: R59.2bTotal Earnings: R3.7bTotal Revenue: R80.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African General Merchandise and Department Stores Industry Price to Earnings3Y Average 11.6x202320242025
Current Industry PE
    There are only 2 companies in the South African Multiline Retail industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Multiline Retail industry have grown 195% per year over the last three years.
  • Revenues for these companies have grown 37% 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 industry?

ZA Market-0.43%
Consumer Discretionary-2.39%
General Merchandise and Department Stores-3.65%
Department Stores0%0
Broadline Retail-3.65%
Industry PE
  • Investors are most optimistic about the Broadline Retail industry, which is trading close to its 3-year average PE ratio of 10.6x.
    • Analysts are expecting annual earnings growth of 5.0%, which is lower than the prior year's growth of 32.9% per year.
  • Investors are most pessimistic about the Broadline Retail industry, which is trading close to its 3-year average of 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 5.0% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Broadline Retail industry is expected to see its earnings grow by 5.0% 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
WHL Woolworths HoldingsR55.114.8%
+R2.3b		-16.0%PE20.4x

Latest News

WHL
R55.11
Woolworths Holdings
7D
4.8%
1Y
-16.0%
NPN
R1,196.63
Naspers
7D
-1.2%
1Y
44.5%

AI-Driven E-commerce And Capital Investments Will Transform Operations

Analysts have significantly lowered their price target for Naspers from R6,927.62 to R1,479.85. This change is based on updated fair value estimates and a reassessment of future earnings potential.