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South African (JSE) Specialty Stores Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies15
  • 7D-1.7%
  • 3M-5.4%
  • 1Y-27.2%
  • YTD-25.9%

Over the last 7 days, the Specialty Stores industry has dropped 1.7%, driven by a pullback from Mr Price Group of 5.9%. The industry has fallen 27% in the last year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the South African Specialty Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025R263.0bR454.1bR22.7b9.1x11.6x0.6x
Fri, 21 Nov 2025R276.9bR446.6bR19.5b9.6x14.2x0.6x
Sun, 19 Oct 2025R288.1bR443.3bR19.8b10.5x14.6x0.6x
Tue, 16 Sep 2025R278.6bR442.3bR19.5b8.4x14.3x0.6x
Thu, 14 Aug 2025R282.9bR460.7bR19.8b8.3x14.3x0.6x
Sat, 12 Jul 2025R302.3bR460.4bR19.7b9x15.4x0.7x
Mon, 09 Jun 2025R315.6bR460.6bR19.7b8.3x16x0.7x
Wed, 07 May 2025R297.4bR447.8bR18.1b8.3x16.4x0.7x
Fri, 04 Apr 2025R269.2bR447.3bR18.1b7.9x14.8x0.6x
Sun, 02 Mar 2025R301.9bR447.1bR18.1b9.4x16.7x0.7x
Tue, 28 Jan 2025R320.0bR447.8bR18.2b10.3x17.6x0.7x
Thu, 26 Dec 2024R360.8bR447.8bR18.2b11.2x19.8x0.8x
Sat, 23 Nov 2024R337.4bR453.3bR14.4b10.9x23.4x0.7x
Mon, 21 Oct 2024R314.3bR429.4bR14.0b10.4x22.4x0.7x
Wed, 18 Sep 2024R298.2bR429.5bR14.2b9.5x21.1x0.7x
Fri, 16 Aug 2024R279.2bR428.2bR15.4b7.3x18.1x0.7x
Sun, 14 Jul 2024R267.0bR428.0bR15.4b7.3x17.4x0.6x
Tue, 11 Jun 2024R231.8bR426.6bR15.1b7.2x15.4x0.5x
Thu, 09 May 2024R230.7bR420.9bR14.9b7.2x15.5x0.5x
Sat, 06 Apr 2024R216.9bR421.0bR14.9b6.3x14.6x0.5x
Mon, 04 Mar 2024R224.2bR421.1bR14.9b6.1x15x0.5x
Wed, 31 Jan 2024R230.2bR410.9bR15.7b5.8x14.7x0.6x
Fri, 29 Dec 2023R225.9bR410.9bR15.7b6x14.4x0.5x
Sun, 26 Nov 2023R230.2bR406.4bR22.7b7.1x10.1x0.6x
Tue, 24 Oct 2023R202.5bR399.9bR23.1b7.2x8.8x0.5x
Thu, 21 Sep 2023R210.2bR399.4bR23.1b6.9x9.1x0.5x
Sat, 19 Aug 2023R208.2bR382.9bR23.4b7x8.9x0.5x
Mon, 17 Jul 2023R207.8bR382.9bR23.4b6.9x8.9x0.5x
Wed, 14 Jun 2023R203.0bR378.9bR23.8b7x8.5x0.5x
Fri, 12 May 2023R188.5bR373.1bR24.5b6.6x7.7x0.5x
Sun, 09 Apr 2023R205.1bR372.3bR24.5b7x8.4x0.6x
Tue, 07 Mar 2023R217.6bR369.5bR24.2b7.7x9x0.6x
Thu, 02 Feb 2023R233.5bR354.6bR24.0b7.9x9.7x0.7x
Sat, 31 Dec 2022R221.4bR354.4bR24.0b6.8x9.2x0.6x
Price to Earnings Ratio

9.2x


Total Market Cap: R221.4bTotal Earnings: R24.0bTotal Revenue: R354.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Specialty Stores Industry Price to Earnings3Y Average 14x202320242025
Current Industry PE
  • Investors are pessimistic on the South African Specialty Retail 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 11.6x which is lower than its 3-year average PE of 14.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • The earnings for companies in the Specialty Retail industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 8.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

ZA Market3.47%
Consumer Discretionary2.25%
Specialty Stores-1.71%
Home Improvement Retail-0.13%
Automotive Retail-1.50%
Apparel Retail-1.84%
Home Furnishing Retail-2.29%
Industry PE
  • Investors are most optimistic about the Apparel Retail industry even though it's trading below its 3-year average PE ratio of 17.3x.
    • Analysts are expecting annual earnings growth of 10.9%, which is higher than its past year's earnings growth of 4.7% per year.
  • Investors are most pessimistic about the Home Improvement Retail industry, which is trading below its 3-year average of 10.1x.
Forecasted Growth
  • Analysts are most optimistic on the Automotive Retail industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 1.6% per year.
  • In contrast, the Home Improvement Retail industry is expected to see its earnings grow by 6.4% 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
LEW Lewis GroupR88.431.1%
+R48.4m		10.8%PE5.8x
NCS NictusR2.853.6%
+R5.3m		96.6%PE5.4x

Latest News

TFG
R82.90
Foschini Group
7D
-0.1%
1Y
-51.6%
WBC
R47.20
We Buy Cars Holdings
7D
-2.0%
1Y
7.9%

WBC: Future Earnings Potential Will Remain Strong Despite Slightly Higher Required Returns

Analysts have modestly trimmed their price target on We Buy Cars Holdings to R55.67, reflecting slightly lower expected revenue growth and a marginally higher discount rate, partially offset by improved profit margin assumptions and a somewhat lower future price to earnings multiple. Valuation Changes Fair Value Estimate: Unchanged at ZAR 55.67 per share, indicating no net impact from the revised assumptions.
CMH
R35.24
Combined Motor Holdings
7D
-6.3%
1Y
6.8%
MTH
R120.67
Motus Holdings
7D
-0.5%
1Y
-1.1%

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.
NCS
R2.85
Nictus
7D
3.6%
1Y
96.6%
LEW
R88.43
Lewis Group
7D
1.1%
1Y
10.8%
MRP
R170.56
Mr Price Group
7D
-5.9%
1Y
-42.5%

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.
WVR
R60.00
Weaver Fintech
7D
-4.7%
1Y
100.0%
SPG
R18.75
Super Group
7D
-1.3%
1Y
-36.8%
PPH
R26.15
Pepkor Holdings
7D
-0.8%
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.