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South African (JSE) Consumer Staples Sector Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies22
  • 7D1.5%
  • 3M-4.7%
  • 1Y-1.8%
  • YTD-6.1%

The Consumer Staples industry is up 1.5% in the last week, with Shoprite Holdings up 3.4%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026R589.2bR1.1tR36.2b13.2x16.3x0.5x
Wed, 18 Feb 2026R626.0bR1.1tR35.2b12.1x17.8x0.6x
Fri, 16 Jan 2026R627.3bR1.1tR35.2b12x17.8x0.6x
Sun, 14 Dec 2025R613.3bR1.1tR35.2b12.5x17.4x0.6x
Tue, 11 Nov 2025R633.4bR1.1tR35.6b11.6x17.8x0.6x
Thu, 09 Oct 2025R625.8bR1.1tR34.9b10.4x18x0.6x
Sat, 06 Sep 2025R622.6bR1.1tR33.0b11.9x18.9x0.6x
Mon, 04 Aug 2025R620.5bR1.1tR31.5b11.5x19.7x0.6x
Wed, 02 Jul 2025R635.8bR1.1tR31.5b12.1x20.2x0.6x
Fri, 30 May 2025R656.2bR1.1tR31.6b12.9x20.7x0.6x
Sun, 27 Apr 2025R634.4bR1.1tR28.1b12.5x22.6x0.6x
Tue, 25 Mar 2025R601.2bR1.1tR29.0b12.5x20.7x0.6x
Thu, 20 Feb 2025R632.2bR1.1tR28.8b14.2x22x0.6x
Sat, 18 Jan 2025R654.7bR1.1tR28.8b15.2x22.7x0.6x
Mon, 16 Dec 2024R671.8bR1.1tR28.8b15.3x23.3x0.6x
Wed, 13 Nov 2024R622.0bR1.0tR24.8b16.1x25x0.6x
Fri, 11 Oct 2024R586.1bR905.7bR28.0b15.4x20.9x0.6x
Sun, 08 Sep 2024R579.1bR904.0bR28.1b12.1x20.6x0.6x
Tue, 06 Aug 2024R558.5bR900.0bR27.6b10.5x20.3x0.6x
Thu, 04 Jul 2024R554.4bR886.6bR27.8b10.4x19.9x0.6x
Sat, 01 Jun 2024R498.9bR878.2bR27.2b10x18.3x0.6x
Mon, 29 Apr 2024R507.1bR989.9bR26.9b10.2x18.9x0.5x
Wed, 27 Mar 2024R524.3bR988.1bR27.0b10.1x19.4x0.5x
Fri, 23 Feb 2024R535.4bR971.1bR26.0b11.8x20.6x0.6x
Sun, 21 Jan 2024R580.1bR1.1tR24.8b14.2x23.4x0.5x
Tue, 19 Dec 2023R580.4bR1.1tR24.8b13.5x23.4x0.5x
Thu, 16 Nov 2023R557.7bR1.1tR27.3b12.6x20.4x0.5x
Sat, 14 Oct 2023R532.8bR1.0tR28.5b12.3x18.7x0.5x
Mon, 11 Sep 2023R560.0bR1.0tR27.9b12.4x20.1x0.5x
Wed, 09 Aug 2023R559.1bR999.2bR27.0b11.3x20.7x0.6x
Fri, 07 Jul 2023R524.4bR999.2bR27.0b11.1x19.5x0.5x
Sun, 04 Jun 2023R505.0bR974.5bR26.5b11.2x19.1x0.5x
Tue, 02 May 2023R550.3bR961.1bR27.2b12.8x20.2x0.6x
Thu, 30 Mar 2023R536.8bR960.7bR27.3b12.8x19.7x0.6x
Price to Earnings Ratio

19.7x


Total Market Cap: R536.8bTotal Earnings: R27.3bTotal Revenue: R960.7bTotal 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 16.3x 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 9.9% 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-2.96%
Consumer Staples1.52%
Beverage13.30%
Food and Staples Retail2.42%
Personal Products0%0
Food-1.23%
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 5.2x.
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 7.1% 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 HoldingsR267.263.4%
+R4.7b		-0.4%PE19.2x
BOX Boxer RetailR74.259.2%
+R2.8b		2.4%PE24.1x
BID BidR410.061.5%
+R2.0b		-5.3%PE15.7x
PMR Premier GroupR175.902.9%
+R642.0m		50.1%PE16.7x
DCP Dis-Chem PharmaciesR33.761.4%
+R402.8m		8.2%PE23.4x

Latest News

KAL
R43.30
KAL Group
7D
-1.8%
1Y
3.7%
TBS
R287.66
Tiger Brands
7D
-1.9%
1Y
9.3%
LBR
R5.09
Libstar Holdings
7D
12.9%
1Y
56.1%
SHP
R267.26
Shoprite Holdings
7D
3.4%
1Y
-0.4%
QFH
R9.03
Quantum Foods Holdings
7D
-23.4%
1Y
13.3%
BID
R410.06
Bid
7D
1.5%
1Y
-5.3%
RBO
R6.79
Rainbow Chicken
7D
-2.9%
1Y
110.9%
ARL
R251.47
Astral Foods
7D
-3.3%
1Y
55.7%

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
R102.80
AVI
7D
-1.2%
1Y
13.0%

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.
BRT
R5.15
Brimstone Investment
7D
-14.2%
1Y
17.0%
SPP
R63.25
SPAR Group
7D
2.3%
1Y
-48.0%

SPP: Leadership Transition And Margin Recovery Efforts Will Shape Future Risk Profile

Analysts have reduced their price target on SPAR Group from ZAR104 to ZAR81. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples.
RCL
R8.34
RCL Foods
7D
-7.0%
1Y
-13.1%
PMR
R175.90
Premier Group
7D
2.9%
1Y
50.1%
DCP
R33.76
Dis-Chem Pharmacies
7D
1.4%
1Y
8.2%
BOX
R74.25
Boxer Retail
7D
9.2%
1Y
2.4%
CLS
R291.49
Clicks Group
7D
0.4%
1Y
-13.8%

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