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South African (JSE) Consumer Staples Sector Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.9%
  • 3M-6.5%
  • 1Y-3.1%
  • YTD-7.6%

Over the last 7 days, the Consumer Staples industry has dropped 1.9%, driven by Bid declining 2.0%. However, the industry is down 3.1% over the past year. 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
Tue, 17 Mar 2026R580.2bR1.1tR35.8b12.4x16.2x0.5x
Thu, 12 Feb 2026R618.8bR1.1tR35.2b12.4x17.6x0.6x
Sat, 10 Jan 2026R632.3bR1.1tR35.2b12.9x17.9x0.6x
Mon, 08 Dec 2025R628.5bR1.1tR36.1b11.4x17.4x0.6x
Wed, 05 Nov 2025R630.5bR1.1tR35.5b11.5x17.8x0.6x
Fri, 03 Oct 2025R621.7bR1.1tR34.9b10.1x17.8x0.6x
Sun, 31 Aug 2025R629.2bR1.1tR31.8b12.6x19.8x0.6x
Tue, 29 Jul 2025R614.0bR1.1tR31.5b11.6x19.5x0.6x
Thu, 26 Jun 2025R632.3bR1.1tR31.5b12.4x20.1x0.6x
Sat, 24 May 2025R639.6bR1.1tR27.9b12.9x22.9x0.6x
Mon, 21 Apr 2025R626.8bR1.1tR28.1b12.6x22.3x0.6x
Wed, 19 Mar 2025R593.7bR1.1tR29.0b12.3x20.4x0.6x
Fri, 14 Feb 2025R635.3bR1.1tR28.8b14.2x22.1x0.6x
Sun, 12 Jan 2025R653.8bR1.1tR28.8b15.4x22.7x0.6x
Tue, 10 Dec 2024R662.2bR1.1tR28.8b14.8x23x0.6x
Thu, 07 Nov 2024R614.4bR1.0tR24.9b16.2x24.7x0.6x
Sat, 05 Oct 2024R586.5bR1.0tR29.7b14x19.7x0.6x
Mon, 02 Sep 2024R587.9bR906.3bR27.7b12x21.2x0.6x
Wed, 31 Jul 2024R567.5bR900.0bR27.6b10.4x20.6x0.6x
Fri, 28 Jun 2024R537.3bR886.5bR27.7b10.5x19.4x0.6x
Sun, 26 May 2024R527.6bR989.8bR27.2b10.5x19.4x0.5x
Tue, 23 Apr 2024R493.5bR988.1bR26.7b10.2x18.5x0.5x
Thu, 21 Mar 2024R524.7bR988.1bR27.0b10x19.5x0.5x
Sat, 17 Feb 2024R526.8bR949.1bR25.4b12.1x20.7x0.6x
Mon, 15 Jan 2024R579.9bR1.1tR24.8b13.9x23.4x0.5x
Wed, 13 Dec 2023R564.7bR1.1tR24.8b13.6x22.8x0.5x
Fri, 10 Nov 2023R549.9bR1.1tR27.3b12.1x20.1x0.5x
Sun, 08 Oct 2023R536.7bR1.0tR28.5b12.6x18.9x0.5x
Tue, 05 Sep 2023R565.3bR1.0tR27.8b12.4x20.3x0.5x
Thu, 03 Aug 2023R555.0bR999.2bR27.0b11.1x20.6x0.6x
Sat, 01 Jul 2023R531.7bR999.2bR27.2b11.2x19.6x0.5x
Mon, 29 May 2023R517.8bR971.9bR26.5b11.9x19.5x0.5x
Wed, 26 Apr 2023R550.1bR961.1bR27.2b12.9x20.2x0.6x
Fri, 24 Mar 2023R524.9bR960.6bR26.2b12.4x20x0.5x
Price to Earnings Ratio

20x


Total Market Cap: R524.9bTotal Earnings: R26.2bTotal Revenue: R960.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.5x202420252026
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 16.2x which is lower than its 3-year average PE of 20.5x.
  • 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 11% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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-2.06%
Consumer Staples-1.93%
Personal Products0%0
Food-0.77%
Food and Staples Retail-2.29%
Beverage-11.76%
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 12.8%, 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 5.4x.
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 roughly in line with its past earnings growth rate.
  • In contrast, the Food industry is expected to see its earnings grow by 7.2% 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 HoldingsR269.203.9%
+R5.5b		-1.3%PE19.3x
AVI AVIR104.811.8%
+R624.4m		18.6%PE13.5x
RCL RCL FoodsR9.202.2%
+R179.7m		-6.9%PE7.6x
LBR Libstar HoldingsR4.496.7%
+R146.4m		26.5%PS0.2x
RFG RFG HoldingsR25.001.0%
+R65.4m		31.9%PE14.7x

Latest News

RBO
R6.93
Rainbow Chicken
7D
-5.1%
1Y
127.2%
ARL
R260.57
Astral Foods
7D
0.6%
1Y
60.3%

ARL: Internal Finance Appointment And Unchanged Assumptions Will Support Balanced Outlook

Analysts have maintained their ZAR265.00 price target for Astral Foods, indicating that their current assumptions on discount rate, revenue growth, profit margin and future P/E are effectively unchanged. What's in the News Astral Foods appointed Mr. Henry Enslin CA(SA) as acting CFO for February 2026, with the role specified as not being a board directorship.
AVI
R104.81
AVI
7D
1.8%
1Y
18.6%

AVI: Higher Margin Outlook Will Support Stronger Intrinsic Upside

The latest update lifts analysts' fair value estimate for AVI from ZAR107.60 to ZAR121.20. This reflects refreshed assumptions around discount rates, revenue growth, profit margins and a slightly lower future P/E multiple.
LBR
R4.49
Libstar Holdings
7D
6.7%
1Y
26.5%

LBR: Modest Assumption Tweaks Will Likely Support Balanced Forward Risk Profile

Analysts have raised their price target for Libstar Holdings from ZAR3.98 to ZAR4.70, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E expectations. What's in the News Libstar Holdings plans an analyst and investor day, giving you a chance to hear directly from management on the group’s priorities, key growth drivers, and roadmap for sustainable value creation (Key Developments).
BID
R408.28
Bid
7D
-2.0%
1Y
-4.7%

BID: Interim Dividend Will Support Future Share Appeal

Analysts now see fair value for Bid shares at about ZAR485.63 versus ZAR486.75 previously. This reflects slightly adjusted assumptions for discount rate, revenue growth, profit margin and forward P/E rather than any major change in the story.
PIK
R18.40
Pick n Pay Stores
7D
-2.4%
1Y
-34.0%

PIK: Steady Fair Value And Turnaround Plan Will Support Future Upside Potential

Analysts have kept their ZAR fair value estimate for Pick n Pay Stores steady at ZAR27.67, with small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. This indicates only fine tuning to their price target rationale rather than a change in conviction.
TBS
R294.77
Tiger Brands
7D
-0.5%
1Y
10.3%

TBS: Pending Special Dividend Will Highlight Limited Change In Underlying Earnings Risk

Analysts have kept their ZAR280.00 price target for Tiger Brands unchanged, citing only small tweaks to their models with slightly different assumptions for revenue growth, profit margins and future P/E multiples rather than a shift in overall view. What's in the News Tiger Brands announced a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per ordinary share, declared on 26 November 2025 (Key Developments).
KAL
R44.88
KAL Group
7D
0.9%
1Y
2.6%
SHP
R269.20
Shoprite Holdings
7D
3.9%
1Y
-1.3%

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

Analysts have slightly reduced their 12-month price target for Shoprite Holdings, with fair value adjusted from about ZAR326.00 to around ZAR323.00, reflecting updated assumptions on revenue growth, profit margins and future P/E levels. What's in the News The board declared an interim cash dividend of ZAR3.07 per ordinary share for the 26-week period ended 28 December 2025, payable on 30 March 2026, out of retained earnings in line with applicable legislation (company announcement).
SHG
R9.44
Sea Harvest Group
7D
0.5%
1Y
42.6%
RCL
R9.20
RCL Foods
7D
2.2%
1Y
-6.9%
PMR
R174.78
Premier Group
7D
-1.5%
1Y
42.3%
DCP
R34.00
Dis-Chem Pharmacies
7D
-1.0%
1Y
8.2%
BOX
R71.47
Boxer Retail
7D
-1.3%
1Y
5.1%
CLS
R293.69
Clicks Group
7D
-0.8%
1Y
-13.3%

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
RFG
R25.00
RFG Holdings
7D
1.0%
1Y
31.9%