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

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies2
  • 7D-2.3%
  • 3M-3.7%
  • 1Y-16.0%
  • YTD-20.5%

Over the last 7 days, the General Merchandise and Department Stores industry has dropped 2.8%, driven by declines from every company within the industry. However, the industry is down 18% over the past year. As for the next few years, earnings are expected to grow by 1.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026R708.8bR209.5bR95.3b16.8x7.4x3.4x
Thu, 23 Apr 2026R748.9bR211.1bR96.5b17.5x7.8x3.5x
Sat, 21 Mar 2026R724.6bR215.9bR100.0b16.8x7.2x3.4x
Mon, 16 Feb 2026R733.6bR204.8bR94.1b13.8x7.8x3.6x
Wed, 14 Jan 2026R937.4bR208.6bR96.9b15.7x9.7x4.5x
Fri, 12 Dec 2025R890.4bR211.9bR99.3b14.3x9x4.2x
Sun, 09 Nov 2025R994.5bR203.7bR95.3b14.9x10.4x4.9x
Tue, 07 Oct 2025R1.0tR202.8bR94.7b15.2x11.1x5.2x
Thu, 04 Sep 2025R933.5bR205.4bR97.8b12.7x9.5x4.5x
Sat, 02 Aug 2025R900.4bR208.2bR99.9b12.2x9x4.3x
Mon, 30 Jun 2025R902.2bR206.7bR98.8b12.4x9.1x4.4x
Wed, 28 May 2025R889.9bR201.9bR65.3b15.4x13.6x4.4x
Fri, 25 Apr 2025R823.7bR207.6bR68.2b14.6x12.1x4x
Sun, 23 Mar 2025R813.2bR203.7bR66.2b14.4x12.3x4x
Tue, 18 Feb 2025R831.8bR202.9bR66.5b16.1x12.5x4.1x
Thu, 16 Jan 2025R670.4bR205.6bR67.8b15.2x9.9x3.3x
Sat, 14 Dec 2024R786.0bR199.3bR64.6b17.2x12.2x3.9x
Mon, 11 Nov 2024R730.9bR189.7bR57.6b17.4x12.7x3.9x
Wed, 09 Oct 2024R791.3bR189.6bR57.5b18.2x13.8x4.2x
Fri, 06 Sep 2024R683.4bR190.4bR57.9b16.6x11.8x3.6x
Sun, 04 Aug 2024R644.0bR191.6bR60.7b12.3x10.6x3.4x
Tue, 02 Jul 2024R663.4bR192.3bR61.1b13.1x10.9x3.5x
Thu, 30 May 2024R729.5bR202.5bR83.7b11.6x8.7x3.6x
Sat, 27 Apr 2024R664.7bR206.3bR86.1b10.9x7.7x3.2x
Mon, 25 Mar 2024R607.6bR207.6bR86.9b10.8x7x2.9x
Wed, 21 Feb 2024R639.0bR205.2bR86.8b11.4x7.4x3.1x
Fri, 19 Jan 2024R587.0bR205.4bR86.9b11.1x6.8x2.9x
Sun, 17 Dec 2023R680.8bR200.9bR84.1b12x8.1x3.4x
Tue, 14 Nov 2023R655.1bR199.1bR74.8b12.5x8.8x3.3x
Thu, 12 Oct 2023R657.5bR199.9bR75.2b12.3x8.7x3.3x
Sat, 09 Sep 2023R658.9bR201.9bR76.4b12.5x8.6x3.3x
Mon, 07 Aug 2023R723.5bR209.4bR74.4b13x9.7x3.5x
Wed, 05 Jul 2023R700.3bR210.6bR75.1b12.2x9.3x3.3x
Fri, 02 Jun 2023R667.6bR248.7bR46.3b13.7x14.4x2.7x
Price to Earnings Ratio

14.4x


Total Market Cap: R667.6bTotal Earnings: R46.3bTotal Revenue: R248.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African General Merchandise and Department Stores Industry Price to Earnings3Y Average 9.9x202420252026
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 27% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.6% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the South African Consumer Discretionary industry?

ZA Market1.93%
Consumer Discretionary-1.16%
General Merchandise and Department Stores-2.33%
Department Stores0%0
Broadline Retail-2.33%
Industry PE
  • Investors are most optimistic about the Broadline Retail industry even though it's trading below its 3-year average PE ratio of 9.9x.
    • Analysts are expecting annual earnings growth of 1.1%, which is lower than the prior year's growth of 11.8% per year.
  • Investors are most pessimistic about the Broadline Retail industry, which is trading below its 3-year average of 9.9x.
Forecasted Growth
  • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 1.1% over the next 5 years.
  • In contrast, the Broadline Retail 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
WHL Woolworths HoldingsR50.620.2%
+R99.5m		-10.9%PE26.6x

Latest News

NPN
R876.37
Naspers
7D
-2.5%
1Y
-16.4%
Narrative Update • May 25

NPN: Future Upside Will Depend On Morgan Stanley Upgrade And P/E Execution

Analysts have adjusted their fair value estimate for Naspers stock from ZAR1,076.13 to ZAR1,086.59, citing updated views on revenue growth, profit margins, and future P/E following recent research that included an upgrade highlighted by Morgan Stanley. Analyst Commentary The upgrade highlighted by Morgan Stanley comes alongside more cautious commentary from some bearish analysts who are focusing on valuation, execution, and long term growth risks for Naspers.
WHL
R50.62
Woolworths Holdings
7D
0.2%
1Y
-10.9%
Narrative Update • May 16

WHL: Interim Dividend And CEO Succession Will Support Future Upside Potential

Analysts have kept the Woolworths Holdings price target steady at ZAR60.33, with the smaller changes in discount rate, profit margin, and forward P/E assumptions seen as offsetting each other rather than shifting the overall valuation. What's in the News Group CEO Roy Bagattini plans to step down as Group CEO with effect from 31 May 2026 and retire from the company at the end of September 2026, following more than six years in the role (Key Developments).