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South African (JSE) Consumer Staples Sector Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies22
  • 7D-0.4%
  • 3M-0.2%
  • 1Y-5.8%
  • YTD-4.5%

Last week, the Consumer Staples industry hasn't moved much but RCL Foods is up 9.2% in that time. Unfortunately though, the industry is down 5.8% over the past 12 months. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025R618.0bR1.1tR35.2b12.6x17.5x0.6x
Fri, 21 Nov 2025R633.0bR1.1tR36.0b11x17.6x0.6x
Sun, 19 Oct 2025R642.6bR1.1tR34.9b11.3x18.4x0.6x
Tue, 16 Sep 2025R630.7bR1.1tR33.0b11.7x19.1x0.6x
Thu, 14 Aug 2025R628.8bR1.1tR31.5b12.2x19.9x0.6x
Sat, 12 Jul 2025R630.8bR1.1tR31.5b11.8x20x0.6x
Mon, 09 Jun 2025R641.5bR1.1tR31.7b12.9x20.3x0.6x
Wed, 07 May 2025R641.8bR1.1tR28.1b13x22.9x0.6x
Fri, 04 Apr 2025R582.5bR1.1tR27.9b11.8x20.9x0.5x
Sun, 02 Mar 2025R618.6bR1.1tR28.7b14x21.5x0.6x
Tue, 28 Jan 2025R639.1bR1.1tR28.8b14.8x22.2x0.6x
Thu, 26 Dec 2024R657.8bR1.1tR28.8b15.6x22.9x0.6x
Sat, 23 Nov 2024R627.8bR1.0tR26.0b15x24.1x0.6x
Mon, 21 Oct 2024R582.0bR905.7bR28.0b15.1x20.8x0.6x
Wed, 18 Sep 2024R587.0bR888.8bR26.1b13.1x22.5x0.7x
Fri, 16 Aug 2024R566.7bR900.0bR27.6b10.5x20.6x0.6x
Sun, 14 Jul 2024R553.2bR900.0bR27.6b10.7x20.1x0.6x
Tue, 11 Jun 2024R505.5bR880.3bR27.3b10.1x18.5x0.6x
Thu, 09 May 2024R525.9bR989.9bR26.9b10x19.6x0.5x
Sat, 06 Apr 2024R517.8bR988.2bR26.7b10.1x19.4x0.5x
Mon, 04 Mar 2024R523.0bR971.1bR26.0b11.5x20.1x0.5x
Wed, 31 Jan 2024R587.7bR1.1tR24.8b14.4x23.7x0.6x
Fri, 29 Dec 2023R584.0bR1.1tR24.8b14x23.5x0.5x
Sun, 26 Nov 2023R563.7bR1.1tR26.3b12.2x21.4x0.5x
Tue, 24 Oct 2023R523.2bR1.0tR28.5b11.1x18.4x0.5x
Thu, 21 Sep 2023R548.6bR1.0tR27.8b12.6x19.8x0.5x
Sat, 19 Aug 2023R542.8bR999.2bR27.0b11.4x20.1x0.5x
Mon, 17 Jul 2023R542.7bR999.2bR27.0b11.4x20.1x0.5x
Wed, 14 Jun 2023R537.5bR993.9bR27.5b10.4x19.5x0.5x
Fri, 12 May 2023R513.1bR969.5bR27.0b12x19x0.5x
Sun, 09 Apr 2023R547.6bR960.6bR27.3b12.9x20.1x0.6x
Tue, 07 Mar 2023R552.1bR939.2bR26.4b13x20.9x0.6x
Thu, 02 Feb 2023R550.9bR922.4bR25.3b12.6x21.7x0.6x
Sat, 31 Dec 2022R523.9bR922.4bR25.3b11.5x20.7x0.6x
Price to Earnings Ratio

20.7x


Total Market Cap: R523.9bTotal Earnings: R25.3bTotal Revenue: R922.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.7x202320242025
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 20.7x.
  • 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 Market2.76%
Consumer Staples-0.45%
Food1.05%
Beverage0.15%
Personal Products0%0
Food and Staples Retail-0.94%
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 24.1x.
    • Analysts are expecting annual earnings growth of 14.0%, 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 7.5x.
Forecasted Growth
  • Analysts are most optimistic on the Food industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 28% per year.
  • In contrast, the Food and Staples Retail industry is expected to see its earnings grow by 14% 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 BidR417.020.9%
+R1.3b		-4.8%PE17.1x
TBS Tiger BrandsR367.532.0%
+R1.1b		26.3%PE13.5x
RCL RCL FoodsR10.0412.8%
+R1.0b		7.8%PE6.4x
SHP Shoprite HoldingsR268.310.4%
+R648.6m		-11.2%PE19.6x
OCE Oceana GroupR56.508.2%
+R510.1m		-18.3%PE10x

Latest News

SPP
R93.93
SPAR Group
7D
0.9%
1Y
-37.7%

SPP: Earnings Reset Will Define Risk Profile Amid Modest Margin Outlook

Analysts have trimmed their price target on SPAR Group to $104.00 from $111.00, reflecting slightly higher perceived risk despite modestly improved growth and margin expectations. What's in the News SPAR Group issued earnings guidance for the 52 weeks ending September 26, 2025, projecting EPS of 375.4 to 458.9 cents per share, significantly below the prior year's 834.3 cents per share (company guidance).
KAL
R49.84
KAL Group
7D
-1.5%
1Y
-1.3%

KAL Group's (JSE:KAL) Shareholders Will Receive A Bigger Dividend Than Last Year

Dec 18
KAL Group's (JSE:KAL) Shareholders Will Receive A Bigger Dividend Than Last Year
OCE
R56.50
Oceana Group
7D
8.2%
1Y
-18.3%
RFG
R22.61
RFG Holdings
7D
-1.3%
1Y
9.4%
TBS
R367.53
Tiger Brands
7D
2.0%
1Y
26.3%

Tiger Brands' (JSE:TBS) Upcoming Dividend Will Be Larger Than Last Year's

Dec 13
Tiger Brands' (JSE:TBS) Upcoming Dividend Will Be Larger Than Last Year's
SHP
R268.31
Shoprite Holdings
7D
0.4%
1Y
-11.2%
CLS
R334.05
Clicks Group
7D
-1.8%
1Y
-12.0%
LBR
R4.48
Libstar Holdings
7D
-0.2%
1Y
10.1%
QFH
R8.31
Quantum Foods Holdings
7D
-6.9%
1Y
-8.3%
SHG
R9.40
Sea Harvest Group
7D
2.5%
1Y
13.9%
DCP
R34.62
Dis-Chem Pharmacies
7D
-1.4%
1Y
-4.9%

Dis-Chem Pharmacies (JSE:DCP) Seems To Use Debt Quite Sensibly

Nov 22
Dis-Chem Pharmacies (JSE:DCP) Seems To Use Debt Quite Sensibly
PIK
R24.32
Pick n Pay Stores
7D
-1.5%
1Y
-20.3%

There Are Reasons To Feel Uneasy About Pick n Pay Stores' (JSE:PIK) Returns On Capital

Nov 20
There Are Reasons To Feel Uneasy About Pick n Pay Stores' (JSE:PIK) Returns On Capital
RCL
R10.04
RCL Foods
7D
12.8%
1Y
7.8%
AVI
R104.14
AVI
7D
0.8%
1Y
-4.2%
BOX
R70.60
Boxer Retail
7D
-2.2%
1Y
9.7%
BID
R417.02
Bid
7D
0.9%
1Y
-4.8%