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South African (JSE) Consumer Staples Sector Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies22
  • 7D0.8%
  • 3M1.4%
  • 1Y-2.8%
  • YTD-2.9%

Over the last 7 days, the Consumer Staples industry has remained flat. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026R628.1bR1.1tR35.2b12.6x17.8x0.6x
Sat, 29 Nov 2025R627.0bR1.1tR35.9b10.9x17.4x0.6x
Mon, 27 Oct 2025R651.9bR1.1tR35.1b11.5x18.6x0.6x
Wed, 24 Sep 2025R621.6bR1.1tR33.0b11.9x18.8x0.6x
Fri, 22 Aug 2025R636.0bR1.1tR31.5b12.6x20.2x0.6x
Sun, 20 Jul 2025R627.1bR1.1tR31.5b11.6x19.9x0.6x
Tue, 17 Jun 2025R615.1bR1.1tR31.5b12.6x19.5x0.6x
Thu, 15 May 2025R638.7bR1.1tR28.0b13.1x22.8x0.6x
Sat, 12 Apr 2025R597.3bR1.1tR27.9b12.5x21.4x0.6x
Mon, 10 Mar 2025R608.7bR1.1tR29.4b11.8x20.7x0.6x
Wed, 05 Feb 2025R637.5bR1.1tR28.8b14.5x22.1x0.6x
Fri, 03 Jan 2025R650.4bR1.1tR28.8b15.6x22.6x0.6x
Sun, 01 Dec 2024R652.0bR1.0tR27.2b14x23.9x0.6x
Tue, 29 Oct 2024R581.7bR909.5bR28.3b15.8x20.6x0.6x
Thu, 26 Sep 2024R600.9bR904.7bR27.6b14.7x21.8x0.7x
Sat, 24 Aug 2024R580.0bR900.0bR27.6b11.4x21x0.6x
Mon, 22 Jul 2024R555.5bR900.0bR27.6b10.5x20.1x0.6x
Wed, 19 Jun 2024R543.5bR886.5bR27.7b10.8x19.6x0.6x
Fri, 17 May 2024R530.6bR989.9bR26.9b10.1x19.7x0.5x
Sun, 14 Apr 2024R505.9bR988.2bR26.7b10.1x18.9x0.5x
Tue, 12 Mar 2024R536.0bR987.7bR26.6b10.9x20.1x0.5x
Thu, 08 Feb 2024R541.3bR949.1bR25.4b12.1x21.3x0.6x
Sat, 06 Jan 2024R577.0bR1.1tR24.8b14.2x23.3x0.5x
Mon, 04 Dec 2023R554.4bR1.1tR26.2b12.2x21.2x0.5x
Wed, 01 Nov 2023R529.4bR1.1tR27.4b12x19.3x0.5x
Fri, 29 Sep 2023R540.7bR1.0tR28.5b12x19x0.5x
Sun, 27 Aug 2023R553.6bR999.2bR27.0b11.4x20.5x0.6x
Tue, 25 Jul 2023R540.9bR999.2bR27.0b11.1x20.1x0.5x
Thu, 22 Jun 2023R532.4bR999.2bR27.2b10.8x19.6x0.5x
Sat, 20 May 2023R510.3bR969.5bR27.0b12x18.9x0.5x
Mon, 17 Apr 2023R547.2bR960.6bR27.3b12.9x20.1x0.6x
Wed, 15 Mar 2023R526.7bR959.3bR26.5b12.2x19.9x0.5x
Fri, 10 Feb 2023R543.1bR922.4bR25.3b12.6x21.4x0.6x
Sun, 08 Jan 2023R538.4bR922.4bR25.3b12.1x21.3x0.6x
Price to Earnings Ratio

21.3x


Total Market Cap: R538.4bTotal Earnings: R25.3bTotal Revenue: R922.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.7x202420252026
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 17.8x 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 Market-0.88%
Consumer Staples0.81%
Food and Staples Retail0.89%
Food0.60%
Personal Products0%0
Beverage-0.44%
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 14.1%, 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 7.3x.
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 BidR421.871.5%
+R2.1b		-2.0%PE17.3x
CLS Clicks GroupR336.570.9%
+R700.0m		-9.8%PE24.4x
AVI AVIR105.501.3%
+R448.4m		-3.8%PE14.4x
SPP SPAR GroupR95.502.1%
+R385.1m		-34.6%PE22.4x
PIK Pick n Pay StoresR24.901.9%
+R344.2m		-18.9%PS0.1x

Latest News

SHP
R270.23
Shoprite Holdings
7D
0.2%
1Y
-8.2%

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

Analysts have nudged their price target on Shoprite Holdings slightly higher to approximately R326.88, reflecting marginally updated assumptions for discount rates, revenue growth, profit margins, and future valuation multiples, while maintaining their broadly positive long term outlook. Valuation Changes Fair Value: Unchanged at approximately ZAR 326.88 per share, indicating no material shift in the core valuation outcome.
SPP
R95.50
SPAR Group
7D
2.1%
1Y
-34.6%

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).
TBS
R366.18
Tiger Brands
7D
-0.09%
1Y
26.7%

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
CLS
R336.57
Clicks Group
7D
0.9%
1Y
-9.8%
ARL
R266.70
Astral Foods
7D
-1.9%
1Y
42.6%
PIK
R24.90
Pick n Pay Stores
7D
1.9%
1Y
-18.9%

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
R10.10
RCL Foods
7D
3.3%
1Y
6.3%
AVI
R105.50
AVI
7D
1.3%
1Y
-3.8%
BOX
R71.35
Boxer Retail
7D
0.6%
1Y
10.8%
BID
R421.87
Bid
7D
1.5%
1Y
-2.0%
SZK
R33.85
SAB Zenzele Kabili Holdings (RF)
7D
-0.4%
1Y
-15.4%