Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Consumer Staples Sector Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies21
  • 7D0.1%
  • 3M-2.0%
  • 1Y-9.6%
  • YTD-7.8%

In the last week, the Consumer Staples industry is flat overall, with Dis-Chem Pharmacies standing out by going down 6.4%. Unfortunately though, the industry is down 9.7% over the past 12 months. Looking forward, 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
Sat, 06 Jun 2026R573.5bR1.1tR35.5b12x16.2x0.5x
Mon, 04 May 2026R588.1bR1.1tR35.9b11.8x16.4x0.5x
Wed, 01 Apr 2026R597.8bR1.1tR36.3b13.4x16.5x0.5x
Fri, 27 Feb 2026R613.2bR1.1tR35.9b12x17.1x0.6x
Sun, 25 Jan 2026R618.2bR1.1tR35.2b12.3x17.5x0.6x
Tue, 23 Dec 2025R618.0bR1.1tR35.2b12.6x17.5x0.6x
Thu, 20 Nov 2025R629.1bR1.1tR36.0b10.7x17.5x0.6x
Sat, 18 Oct 2025R642.6bR1.1tR34.9b11.3x18.4x0.6x
Mon, 15 Sep 2025R633.1bR1.1tR33.0b11.7x19.2x0.6x
Wed, 13 Aug 2025R625.4bR1.1tR31.5b12.3x19.8x0.6x
Fri, 11 Jul 2025R630.8bR1.1tR31.5b11.8x20x0.6x
Sun, 08 Jun 2025R641.5bR1.1tR31.7b12.9x20.3x0.6x
Tue, 06 May 2025R644.4bR1.1tR28.1b12.9x23x0.6x
Thu, 03 Apr 2025R608.4bR1.1tR27.9b12.3x21.8x0.6x
Sat, 01 Mar 2025R624.0bR1.1tR28.7b14x21.7x0.6x
Mon, 27 Jan 2025R639.1bR1.1tR28.8b14.9x22.2x0.6x
Wed, 25 Dec 2024R657.8bR1.1tR28.8b15.6x22.9x0.6x
Fri, 22 Nov 2024R626.0bR1.0tR26.0b14.6x24.1x0.6x
Sun, 20 Oct 2024R582.0bR905.7bR28.0b15.1x20.8x0.6x
Tue, 17 Sep 2024R579.9bR888.8bR26.1b13.1x22.2x0.7x
Thu, 15 Aug 2024R571.6bR900.0bR27.6b10.5x20.7x0.6x
Sat, 13 Jul 2024R553.2bR900.0bR27.6b10.7x20.1x0.6x
Mon, 10 Jun 2024R505.5bR880.3bR27.3b10.4x18.5x0.6x
Wed, 08 May 2024R521.0bR989.9bR26.9b10.1x19.4x0.5x
Fri, 05 Apr 2024R525.3bR988.2bR26.7b10.3x19.6x0.5x
Sun, 03 Mar 2024R523.0bR971.1bR26.0b11.5x20.1x0.5x
Tue, 30 Jan 2024R582.0bR1.1tR24.8b14.3x23.5x0.5x
Thu, 28 Dec 2023R585.0bR1.1tR24.8b13.4x23.6x0.5x
Sat, 25 Nov 2023R563.7bR1.1tR26.3b12.2x21.4x0.5x
Mon, 23 Oct 2023R518.4bR1.0tR28.5b10.3x18.2x0.5x
Wed, 20 Sep 2023R542.9bR1.0tR27.8b12.6x19.5x0.5x
Fri, 18 Aug 2023R551.5bR999.2bR27.0b11.1x20.5x0.6x
Sun, 16 Jul 2023R542.7bR999.2bR27.0b11.4x20.1x0.5x
Tue, 13 Jun 2023R525.5bR993.9bR27.5b10.2x19.1x0.5x
Price to Earnings Ratio

19.1x


Total Market Cap: R525.5bTotal Earnings: R27.5bTotal Revenue: R993.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.2x202420252026
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 16.1x which is lower than its 3-year average PE of 20.2x.
  • 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 8.9% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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 Market-2.66%
Consumer Staples0.12%
Food0.46%
Food and Staples Retail0.012%
Personal Products0%0
Beverage-0.059%
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 23.6x.
    • 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 below its 3-year average of 4.1x.
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 12% 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 BidR412.501.4%
+R1.9b		-11.2%PE15.7x
TBS Tiger BrandsR284.152.5%
+R1.0b		-13.9%PE13.3x
PIK Pick n Pay StoresR19.333.7%
+R506.7m		-25.3%PS0.1x
SPP SPAR GroupR51.004.7%
+R439.0m		-54.6%PE12x
OCE Oceana GroupR62.003.7%
+R263.4m		3.3%PE10.4x

Latest News

ARL
R234.00
Astral Foods
7D
-5.5%
1Y
23.8%
CLS
R235.00
Clicks Group
7D
0.2%
1Y
-38.1%
Narrative Update • Jun 04

CLS: Dividend Payouts And Completed Buyback Programme Will Support Future Upside

Analysts have kept their ZAR price target for Clicks Group effectively unchanged at around ZAR359, citing only marginal tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions, rather than any shift in the core investment case. What's in the News Clicks Group approved an interim gross ordinary dividend of 258.0 cents per share for the period ended 28 February 2026, with the source of the dividend stated as distributable reserves and payment scheduled in cash.
TBS
R284.15
Tiger Brands
7D
2.5%
1Y
-13.9%
AVI
R93.65
AVI
7D
-0.7%
1Y
0.3%
Narrative Update • Jun 04

AVI: Stable Margins And Discount Rate Should Support Future Upside Potential

Analysts have kept their ZAR 125.25 price target for AVI unchanged, with only negligible model tweaks to discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News No recent company specific news items for AVI were provided in the supplied sources.
BID
R412.50
Bid
7D
1.4%
1Y
-11.2%
Narrative Update • Jun 04

BID: JPMorgan Upgrade And Analyst Day Insights Will Support Future Upside

Narrative Update on Bid Price Target Analysts have kept their ZAR price target for Bid broadly in line with prior levels, reflecting only fine tuning to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions following the recent research upgrade. What's in the News Bid Corporation Limited held an Analyst/Investor Day, giving the market an updated view on its operations and capital allocation plans.
KAL
R47.45
KAL Group
7D
3.6%
1Y
23.4%
DCP
R32.72
Dis-Chem Pharmacies
7D
-6.4%
1Y
-0.09%
SPP
R51.00
SPAR Group
7D
4.7%
1Y
-54.6%
PIK
R19.33
Pick n Pay Stores
7D
3.7%
1Y
-25.3%
Narrative Update • May 31

PIK: Higher Revenue Assumptions And Richer P E Multiple Will Support Future Upside

Analysts have made a small downward adjustment to their fair value estimate for Pick n Pay Stores, trimming the price target from ZAR26.31 to about ZAR26.19 as they factor in updated assumptions on discount rates, revenue growth, profit margins, and future P/E levels. Valuation Changes Fair Value: Trimmed slightly from ZAR26.31 to ZAR26.19, indicating only a marginal adjustment to the overall valuation.
QFH
R9.97
Quantum Foods Holdings
7D
-0.2%
1Y
21.6%
OCE
R62.00
Oceana Group
7D
3.7%
1Y
3.3%
BOX
R77.55
Boxer Retail
7D
-2.3%
1Y
20.6%
RCL
R8.33
RCL Foods
7D
2.3%
1Y
-16.1%
PMR
R170.15
Premier Group
7D
-0.4%
1Y
23.9%
Analysis Article • May 05

With EPS Growth And More, Premier Group (JSE:PMR) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
SHG
R8.30
Sea Harvest Group
7D
-4.0%
1Y
-2.4%
SHP
R284.90
Shoprite Holdings
7D
-0.2%
1Y
-0.2%
Narrative Update • Mar 25

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).