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South African (JSE) Consumer Staples Sector Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies21
  • 7D0.04%
  • 3M-5.5%
  • 1Y0.3%
  • YTD-4.8%

In the last week, the Consumer Staples industry is flat overall, with AVI standing out by going down 3.3%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026R592.1bR1.1tR35.8b12.1x16.5x0.5x
Tue, 10 Mar 2026R591.2bR1.1tR35.3b12.7x16.7x0.5x
Thu, 05 Feb 2026R619.9bR1.1tR35.2b12.5x17.6x0.6x
Sat, 03 Jan 2026R627.9bR1.1tR35.2b12.8x17.8x0.6x
Mon, 01 Dec 2025R627.6bR1.1tR36.1b10.9x17.4x0.6x
Wed, 29 Oct 2025R652.4bR1.1tR35.1b11.4x18.6x0.6x
Fri, 26 Sep 2025R618.1bR1.1tR33.0b11.8x18.7x0.6x
Sun, 24 Aug 2025R641.4bR1.1tR31.5b12.9x20.3x0.6x
Tue, 22 Jul 2025R627.1bR1.1tR31.5b11.4x19.9x0.6x
Thu, 19 Jun 2025R618.0bR1.1tR31.5b12.5x19.6x0.6x
Sat, 17 May 2025R641.6bR1.1tR28.0b12.9x22.9x0.6x
Mon, 14 Apr 2025R597.3bR1.1tR27.9b12.5x21.4x0.6x
Wed, 12 Mar 2025R600.9bR1.1tR29.6b10.7x20.3x0.6x
Fri, 07 Feb 2025R640.5bR1.1tR28.8b14.3x22.3x0.6x
Sun, 05 Jan 2025R652.2bR1.1tR28.8b15.6x22.7x0.6x
Tue, 03 Dec 2024R658.8bR1.0tR27.2b13.9x24.2x0.6x
Thu, 31 Oct 2024R584.6bR909.5bR28.3b15.6x20.7x0.6x
Sat, 28 Sep 2024R601.0bR904.7bR27.6b14.6x21.8x0.7x
Mon, 26 Aug 2024R580.0bR900.0bR27.6b11.4x21x0.6x
Wed, 24 Jul 2024R561.3bR900.0bR27.6b10.3x20.4x0.6x
Fri, 21 Jun 2024R549.8bR886.5bR27.7b10.8x19.9x0.6x
Sun, 19 May 2024R530.4bR989.9bR26.9b10.4x19.7x0.5x
Tue, 16 Apr 2024R502.0bR988.2bR26.7b10.3x18.8x0.5x
Thu, 14 Mar 2024R536.3bR987.7bR26.6b10.9x20.1x0.5x
Sat, 10 Feb 2024R533.9bR949.1bR25.4b12.1x21x0.6x
Mon, 08 Jan 2024R577.0bR1.1tR24.8b14.2x23.3x0.5x
Wed, 06 Dec 2023R566.3bR1.1tR24.8b13.8x22.8x0.5x
Fri, 03 Nov 2023R547.0bR1.1tR27.4b12.5x20x0.5x
Sun, 01 Oct 2023R541.5bR1.0tR28.5b12.4x19x0.5x
Tue, 29 Aug 2023R556.3bR999.2bR27.0b11.2x20.6x0.6x
Thu, 27 Jul 2023R548.3bR999.2bR27.0b11.1x20.3x0.5x
Sat, 24 Jun 2023R531.0bR999.2bR27.2b10.9x19.5x0.5x
Mon, 22 May 2023R510.3bR970.4bR27.0b12x18.9x0.5x
Wed, 19 Apr 2023R542.7bR960.6bR27.3b12.6x19.9x0.6x
Price to Earnings Ratio

19.9x


Total Market Cap: R542.7bTotal Earnings: R27.3bTotal Revenue: R960.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.4x202420252026
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 16.5x which is lower than its 3-year average PE of 20.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 9.5% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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 Market2.44%
Consumer Staples0.037%
Beverage13.30%
Food and Staples Retail0.11%
Personal Products0%0
Food-0.31%
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 23.8x.
    • Analysts are expecting annual earnings growth of 12.2%, which is higher than its past year's earnings growth of 10.8% per year.
  • Investors are most pessimistic about the Beverage industry, which is trading below its 3-year average of 4.9x.
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 5.3% 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
SHP Shoprite HoldingsR277.560.8%
+R1.1b		3.6%PE19.9x
BID BidR410.000.5%
+R672.0m		-5.0%PE15.6x
CLS Clicks GroupR296.410.6%
+R446.3m		-15.4%PE21.5x
TBS Tiger BrandsR300.000.5%
+R215.3m		9.4%PE11x
PIK Pick n Pay StoresR19.371.5%
+R205.1m		-22.5%PS0.1x

Latest News

PIK
R19.37
Pick n Pay Stores
7D
1.5%
1Y
-22.5%

PIK: Higher Margin Expectations Will Support Future Upside Potential

Analysts have slightly reduced their price target for Pick n Pay Stores from ZAR27.67 to ZAR27.06, reflecting updated assumptions around discount rates, margins and future P/E expectations. Valuation Changes Fair Value: ZAR27.67 updated to ZAR27.06, a small downward adjustment in the modelled valuation per share.
TBS
R300.00
Tiger Brands
7D
0.5%
1Y
9.4%

TBS: Special Dividend And Buybacks Will Support Improved Earnings Quality

Analysts now set their Tiger Brands price target at ZAR348.00, slightly below the prior ZAR350.75, reflecting updated views that incorporate a modest adjustment to discount rates, revenue growth expectations, profit margins and the assumed future P/E multiple. Valuation Changes Fair Value: ZAR348.00, slightly below the prior ZAR350.75.
ARL
R259.09
Astral Foods
7D
1.7%
1Y
58.7%
RBO
R6.77
Rainbow Chicken
7D
-0.4%
1Y
122.0%
DCP
R36.75
Dis-Chem Pharmacies
7D
-3.0%
1Y
22.5%

Here's Why We Think Dis-Chem Pharmacies (JSE:DCP) Is Well Worth Watching

Apr 07
Here's Why We Think Dis-Chem Pharmacies (JSE:DCP) Is Well Worth Watching
SZK
R34.00
SAB Zenzele Kabili Holdings (RF)
7D
13.3%
1Y
-2.9%
SHG
R8.40
Sea Harvest Group
7D
-5.6%
1Y
22.1%
AVI
R99.93
AVI
7D
-3.3%
1Y
10.8%
QFH
R11.84
Quantum Foods Holdings
7D
-0.4%
1Y
89.1%
SHP
R277.56
Shoprite Holdings
7D
0.8%
1Y
3.6%

SHP: Future Upside Will Be Driven By Dividend Support And Earnings Guidance

Analysts have trimmed their Shoprite Holdings price target from ZAR322.69 to ZAR317.19, as slightly softer assumptions on revenue growth, profit margins and fair value are now partly offset by a marginally higher future P/E estimate and a small adjustment to the discount rate. What's in the News The board declares an interim cash dividend of 307 cents per ordinary share for the 26-week period ended 28 December 2025, with payment scheduled for 30 March 2026 from retained earnings in line with applicable legislation (Key Developments).
BID
R410.00
Bid
7D
0.5%
1Y
-5.0%
PMR
R173.00
Premier Group
7D
0.9%
1Y
37.3%
BOX
R71.29
Boxer Retail
7D
-3.4%
1Y
8.5%
CLS
R296.41
Clicks Group
7D
0.6%
1Y
-15.4%

If EPS Growth Is Important To You, Clicks Group (JSE:CLS) Presents An Opportunity

Feb 11
If EPS Growth Is Important To You, Clicks Group (JSE:CLS) Presents An Opportunity