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South African (JSE) Consumer Staples Sector Analysis

UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies22
  • 7D0.2%
  • 3M-2.4%
  • 1Y-2.8%
  • YTD-1.8%

Last week, the Consumer Staples industry hasn't moved much but Clicks Group is up 3.4% in that time. As for the longer term, the industry has declined 3.8% in the last year. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Feb 2026R616.3bR1.1tR35.2b12.2x17.5x0.6x
Wed, 31 Dec 2025R626.5bR1.1tR35.2b12.6x17.8x0.6x
Fri, 28 Nov 2025R628.6bR1.1tR35.9b10.9x17.5x0.6x
Sun, 26 Oct 2025R651.9bR1.1tR35.1b11.5x18.6x0.6x
Tue, 23 Sep 2025R628.6bR1.1tR33.0b11.9x19x0.6x
Thu, 21 Aug 2025R634.3bR1.1tR31.5b12.4x20.1x0.6x
Sat, 19 Jul 2025R627.1bR1.1tR31.5b11.6x19.9x0.6x
Mon, 16 Jun 2025R615.1bR1.1tR31.5b12.6x19.5x0.6x
Wed, 14 May 2025R637.3bR1.1tR28.0b12.8x22.8x0.6x
Fri, 11 Apr 2025R598.0bR1.1tR27.9b12.5x21.4x0.6x
Sun, 09 Mar 2025R608.6bR1.1tR29.4b11.8x20.7x0.6x
Tue, 04 Feb 2025R644.5bR1.1tR28.8b14.5x22.4x0.6x
Thu, 02 Jan 2025R649.7bR1.1tR28.8b15.7x22.6x0.6x
Sat, 30 Nov 2024R652.4bR1.0tR27.1b14.8x24.1x0.6x
Mon, 28 Oct 2024R574.1bR909.5bR28.3b15.7x20.3x0.6x
Wed, 25 Sep 2024R599.2bR904.7bR27.6b14.6x21.7x0.7x
Fri, 23 Aug 2024R573.5bR900.0bR27.6b11.3x20.8x0.6x
Sun, 21 Jul 2024R555.5bR900.0bR27.6b10.5x20.1x0.6x
Tue, 18 Jun 2024R514.8bR886.5bR27.7b10.4x18.6x0.6x
Thu, 16 May 2024R530.7bR989.9bR26.9b10.2x19.7x0.5x
Sat, 13 Apr 2024R505.9bR988.2bR26.7b10.1x18.9x0.5x
Mon, 11 Mar 2024R536.4bR987.7bR26.6b10.9x20.1x0.5x
Wed, 07 Feb 2024R544.7bR949.1bR25.4b12x21.4x0.6x
Fri, 05 Jan 2024R573.3bR1.1tR24.8b13.9x23.1x0.5x
Sun, 03 Dec 2023R554.4bR1.1tR26.2b12.2x21.2x0.5x
Tue, 31 Oct 2023R531.9bR1.1tR27.4b11.7x19.4x0.5x
Thu, 28 Sep 2023R536.7bR1.0tR28.5b10.8x18.9x0.5x
Sat, 26 Aug 2023R553.6bR999.2bR27.0b11.4x20.5x0.6x
Mon, 24 Jul 2023R541.0bR999.2bR27.0b11.1x20.1x0.5x
Wed, 21 Jun 2023R533.5bR999.2bR27.2b11x19.6x0.5x
Fri, 19 May 2023R509.8bR969.5bR27.0b11.9x18.9x0.5x
Sun, 16 Apr 2023R547.2bR960.6bR27.3b12.9x20.1x0.6x
Tue, 14 Mar 2023R528.6bR959.3bR26.5b12.2x19.9x0.6x
Thu, 09 Feb 2023R546.2bR922.4bR25.3b12.6x21.6x0.6x
Price to Earnings Ratio

21.6x


Total Market Cap: R546.2bTotal Earnings: R25.3bTotal Revenue: R922.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.6x202420252026
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 17.5x which is lower than its 3-year average PE of 20.6x.
  • 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 12% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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-2.99%
Consumer Staples0.21%
Food and Staples Retail0.58%
Beverage0%0
Personal Products0%0
Food-0.87%
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 24.0x.
    • Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings growth of 2.0% per year.
  • Investors are most pessimistic about the Beverage industry, which is trading below its 3-year average of 6.5x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 2.0% per year.
  • In contrast, the Food industry is expected to see its earnings grow by 8.7% 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
CLS Clicks GroupR325.485.0%
+R3.6b		-8.0%PE23.6x
DCP Dis-Chem PharmaciesR36.253.4%
+R1.0b		7.3%PE25.1x
RFG RFG HoldingsR25.494.0%
+R258.8m		28.4%PE15x
RBO Rainbow ChickenR5.752.7%
+R134.0m		55.8%PE9x
SHP Shoprite HoldingsR266.420.09%
+R129.7m		-6.0%PE19.5x

Latest News

ARL
R273.80
Astral Foods
7D
1.0%
1Y
59.8%

ARL: Stable Leadership Transitions And Steady Outlook Will Support Balanced Prospects

Analysts have maintained their fair value estimate for Astral Foods at R265.00, reflecting unchanged assumptions for revenue growth, profit margins and future P/E multiples in their latest review. What's in the News Astral Foods appointed Mr. Gideon Johannes (Johan) Geel as Chief Financial Officer, effective March 1, 2026, following the resignation of Mr. Johan Andries Ignatius (Dries) Ferreira on January 31, 2026.
CLS
R325.48
Clicks Group
7D
5.0%
1Y
-8.0%
PIK
R24.07
Pick n Pay Stores
7D
-3.3%
1Y
-14.0%

Omnichannel And Retail Media Expansion Will Transform This Retailer Over The Next Decade

Catalysts About Pick n Pay Stores Pick n Pay Stores operates food, grocery, clothing and liquor retail formats, together with a franchise network and value-added services, primarily in South Africa. What are the underlying business or industry changes driving this perspective?
LBR
R4.70
Libstar Holdings
7D
1.1%
1Y
13.3%

Category Simplification And International Expansion Will Support A Stronger Long Term Outlook

Catalysts About Libstar Holdings Libstar Holdings is a South African food producer focused on value added ambient and perishable products, with a small household and personal care presence. What are the underlying business or industry changes driving this perspective?
AVI
R107.50
AVI
7D
-1.4%
1Y
7.8%
SHP
R266.42
Shoprite Holdings
7D
0.09%
1Y
-6.0%

SHP: Future Upside Will Be Driven By Stable Margins And Earnings Multiples

Analysts have trimmed their price target on Shoprite Holdings slightly to R329.13 from R329.75, citing small updates in discount rate, revenue growth, profit margin and future P/E assumptions rather than any major shift in the core outlook. Valuation Changes Fair Value: Trimmed slightly to ZAR329.13 from ZAR329.75.
SPP
R88.66
SPAR Group
7D
-3.1%
1Y
-35.7%

SPP: Higher Discount Rate Will Still Support Attractive Long Term Returns

Analysts have adjusted their price target on SPAR Group to $145.50 from $171.00, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News SPAR Group issued earnings guidance for the 52 weeks ending 26 September 2025, giving investors a fresh reference point for its expected performance over that period (company guidance).
TBS
R337.50
Tiger Brands
7D
-0.8%
1Y
25.0%

TBS: Special Dividend And Buybacks Will Temper Uncertain Future Earnings Outlook

Analysts have lifted their price target for Tiger Brands from R310.33 to R350.75, citing updated assumptions for revenue growth of 5.08%, a profit margin of 9.90% and a lower future P/E of 19.77, while holding the discount rate steady at 16.73%. What's in the News Tiger Brands declared a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per share, subject to approval by the South African Reserve Bank.
DCP
R36.25
Dis-Chem Pharmacies
7D
3.4%
1Y
7.3%
RFG
R25.49
RFG Holdings
7D
4.0%
1Y
28.4%
PMR
R178.00
Premier Group
7D
-1.9%
1Y
42.0%
BOX
R73.58
Boxer Retail
7D
-1.6%
1Y
16.3%

Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns

Jan 13
Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns
BRT
R5.29
Brimstone Investment
7D
5.8%
1Y
3.7%
RBO
R5.75
Rainbow Chicken
7D
2.7%
1Y
55.8%
RCL
R9.64
RCL Foods
7D
-3.6%
1Y
4.0%
BID
R404.30
Bid
7D
-0.3%
1Y
-14.5%