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South African (JSE) Consumer Staples Sector Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies21
  • 7D0.4%
  • 3M-4.3%
  • 1Y-5.1%
  • YTD-6.3%

Last week, the Consumer Staples industry hasn't moved much but Clicks Group is up 4.4% in that time. As for the longer term, the industry has declined 5.1% in the last year. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026R586.9bR1.1tR34.9b12.7x16.8x0.5x
Fri, 19 Jun 2026R593.2bR1.1tR35.5b12.3x16.7x0.5x
Sun, 17 May 2026R594.3bR1.1tR36.2b11.3x16.4x0.5x
Tue, 14 Apr 2026R587.9bR1.1tR35.8b11.9x16.4x0.5x
Thu, 12 Mar 2026R592.3bR1.1tR35.5b12.5x16.7x0.5x
Sat, 07 Feb 2026R627.8bR1.1tR35.2b12.7x17.8x0.6x
Mon, 05 Jan 2026R627.9bR1.1tR35.2b12.8x17.8x0.6x
Wed, 03 Dec 2025R625.0bR1.1tR36.1b11.1x17.3x0.6x
Fri, 31 Oct 2025R639.7bR1.1tR35.4b11.5x18.1x0.6x
Sun, 28 Sep 2025R615.0bR1.1tR33.0b11.9x18.6x0.6x
Tue, 26 Aug 2025R635.7bR1.1tR31.5b13.1x20.2x0.6x
Thu, 24 Jul 2025R619.0bR1.1tR31.5b11.5x19.6x0.6x
Sat, 21 Jun 2025R626.1bR1.1tR31.5b12.5x19.9x0.6x
Mon, 19 May 2025R641.3bR1.1tR28.0b12.9x22.9x0.6x
Wed, 16 Apr 2025R621.0bR1.1tR27.9b13x22.3x0.6x
Fri, 14 Mar 2025R596.8bR1.1tR29.6b10.9x20.2x0.6x
Sun, 09 Feb 2025R642.5bR1.1tR28.8b14.4x22.3x0.6x
Tue, 07 Jan 2025R651.7bR1.1tR28.8b15.6x22.6x0.6x
Thu, 05 Dec 2024R668.2bR1.1tR28.7b14.7x23.3x0.6x
Sat, 02 Nov 2024R606.6bR1.0tR24.9b16x24.4x0.6x
Mon, 30 Sep 2024R601.0bR904.7bR27.6b14.6x21.8x0.7x
Wed, 28 Aug 2024R578.0bR900.0bR27.6b10.8x21x0.6x
Fri, 26 Jul 2024R564.2bR900.0bR27.6b10.3x20.5x0.6x
Sun, 23 Jun 2024R551.7bR886.5bR27.7b11x19.9x0.6x
Tue, 21 May 2024R529.9bR989.9bR26.9b10.4x19.7x0.5x
Thu, 18 Apr 2024R489.4bR988.1bR26.7b10.4x18.3x0.5x
Sat, 16 Mar 2024R526.0bR987.7bR26.6b10.4x19.7x0.5x
Mon, 12 Feb 2024R533.9bR949.1bR25.4b12.1x21x0.6x
Wed, 10 Jan 2024R579.7bR1.1tR24.8b14.3x23.4x0.5x
Fri, 08 Dec 2023R561.0bR1.1tR24.8b14.1x22.6x0.5x
Sun, 05 Nov 2023R546.5bR1.1tR27.3b12.7x20x0.5x
Tue, 03 Oct 2023R541.5bR1.0tR28.5b12x19x0.5x
Thu, 31 Aug 2023R565.9bR999.2bR27.0b11.6x21x0.6x
Sat, 29 Jul 2023R558.0bR999.2bR27.0b11.2x20.7x0.6x
Price to Earnings Ratio

20.7x


Total Market Cap: R558.0bTotal Earnings: R27.0bTotal Revenue: R999.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 19.9x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Consumer Staples 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 16.8x which is lower than its 3-year average PE of 19.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 9.0% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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 Staples sector?

ZA Market-1.49%
Consumer Staples0.44%
Food and Staples Retail1.02%
Beverage0%0
Personal Products0%0
Food-1.33%
Industry PE
  • Investors are most optimistic about the Food and Staples Retail industry even though it's trading below its 3-year average PE ratio of 23.5x.
    • Analysts expect its future annual earnings growth (12.1%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Beverage industry, which is trading close to its 3-year average of 3.6x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Food industry is expected to see its earnings grow by 9.4% 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
BID BidR436.820.6%
+R900.4m		-2.8%PE16.7x
SHP Shoprite HoldingsR283.650.6%
+R870.5m		4.8%PE20.3x
CLS Clicks GroupR227.561.0%
+R526.2m		-38.4%PE16x
BOX Boxer RetailR78.431.2%
+R407.4m		15.7%PE22.8x
PMR Premier GroupR185.000.9%
+R266.3m		37.5%PE19.7x

Latest News

DCP
R32.16
Dis-Chem Pharmacies
7D
-1.0%
1Y
2.6%
CLS
R227.56
Clicks Group
7D
1.0%
1Y
-38.4%
New Narrative • Jul 16

Store Expansion And Healthcare Demand Will Support A Stronger Long Term Outlook

Catalysts About Clicks Group Clicks Group operates a South African health, beauty and pharmacy retail chain supported by a pharmaceutical wholesale and distribution business. What are the underlying business or industry changes driving this perspective?
PMR
R185.00
Premier Group
7D
0.9%
1Y
37.5%
AVI
R93.50
AVI
7D
-2.4%
1Y
-1.3%
BOX
R78.43
Boxer Retail
7D
1.2%
1Y
15.7%
ARL
R207.72
Astral Foods
7D
-0.4%
1Y
20.0%
SHP
R283.65
Shoprite Holdings
7D
0.6%
1Y
4.8%
QFH
R8.99
Quantum Foods Holdings
7D
-1.7%
1Y
26.4%
TBS
R280.45
Tiger Brands
7D
0.1%
1Y
-6.9%
LBR
R4.25
Libstar Holdings
7D
1.2%
1Y
21.4%
Narrative Update • Jun 23

LBR: Stable Margins And Governance Update Will Support Future Upside

Analysts have maintained their ZAR fair value estimate for Libstar Holdings at approximately ZAR 4.90 per share, citing stable assumptions on the discount rate, revenue growth, profit margins and expected future P/E as the basis for an unchanged price target. What's in the News Libstar Holdings shareholders approved an amendment to the company's Memorandum of Incorporation at the Annual General Meeting held on May 29, 2026, in order to align it with recent changes to the JSE Listing Requirements.
BID
R436.82
Bid
7D
0.6%
1Y
-2.8%
Narrative Update • Jun 18

BID: JPMorgan Upgrade And Refined Assumptions Will Support Future Upside

Analysts have maintained their ZAR fair value estimate for Bid Corp. at approximately ZAR481 per share, while refining assumptions on the discount rate, revenue growth, profit margin, and future P/E following a recent upgrade in Street research.
BRT
R5.01
Brimstone Investment
7D
-4.0%
1Y
13.9%
KAL
R48.15
KAL Group
7D
-1.7%
1Y
15.6%
RCL
R8.03
RCL Foods
7D
0.4%
1Y
-15.5%
SHG
R8.45
Sea Harvest Group
7D
-0.6%
1Y
14.5%
RBO
R5.57
Rainbow Chicken
7D
-2.1%
1Y
33.6%