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South African (JSE) Consumer Staples Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies22
  • 7D0.7%
  • 3M-1.7%
  • 1Y-2.7%
  • YTD0.7%

Over the last 7 days, the Consumer Staples industry has remained flat, although notably Clicks Group gained 4.0%. 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 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026R632.3bR1.1tR35.2b12.9x17.9x0.6x
Tue, 09 Dec 2025R626.7bR1.1tR36.1b11.5x17.4x0.6x
Thu, 06 Nov 2025R636.4bR1.1tR35.6b11.5x17.9x0.6x
Sat, 04 Oct 2025R622.9bR1.1tR34.9b10.2x17.9x0.6x
Mon, 01 Sep 2025R629.2bR1.1tR31.8b12.6x19.8x0.6x
Wed, 30 Jul 2025R619.6bR1.1tR31.5b11.6x19.6x0.6x
Fri, 27 Jun 2025R629.1bR1.1tR31.5b12.4x20x0.6x
Sun, 25 May 2025R639.6bR1.1tR27.9b12.9x22.9x0.6x
Tue, 22 Apr 2025R626.8bR1.1tR28.1b12.6x22.3x0.6x
Thu, 20 Mar 2025R599.9bR1.1tR29.0b12.5x20.7x0.6x
Sat, 15 Feb 2025R630.4bR1.1tR28.8b14.1x21.9x0.6x
Mon, 13 Jan 2025R653.8bR1.1tR28.8b15.4x22.7x0.6x
Wed, 11 Dec 2024R661.1bR1.1tR28.8b15.1x23x0.6x
Fri, 08 Nov 2024R617.8bR1.0tR24.8b16.4x24.9x0.6x
Sun, 06 Oct 2024R586.5bR1.0tR29.7b14x19.7x0.6x
Tue, 03 Sep 2024R587.7bR906.3bR27.7b12x21.2x0.6x
Thu, 01 Aug 2024R577.9bR900.0bR27.6b10.6x21x0.6x
Sat, 29 Jun 2024R548.1bR886.5bR27.7b10.3x19.8x0.6x
Mon, 27 May 2024R527.6bR989.8bR27.2b10.5x19.4x0.5x
Wed, 24 Apr 2024R496.4bR988.1bR26.7b10.1x18.6x0.5x
Fri, 22 Mar 2024R524.7bR988.1bR27.0b10x19.5x0.5x
Sun, 18 Feb 2024R526.8bR949.1bR25.4b12.1x20.7x0.6x
Tue, 16 Jan 2024R580.4bR1.1tR24.8b14.1x23.4x0.5x
Thu, 14 Dec 2023R561.4bR1.1tR24.8b13.4x22.6x0.5x
Sat, 11 Nov 2023R554.2bR1.1tR27.3b12.4x20.3x0.5x
Mon, 09 Oct 2023R536.7bR1.0tR28.5b12.6x18.9x0.5x
Wed, 06 Sep 2023R554.5bR1.0tR27.8b12.4x19.9x0.5x
Fri, 04 Aug 2023R554.2bR999.2bR27.0b11x20.6x0.6x
Sun, 02 Jul 2023R531.7bR999.2bR27.0b10.8x19.7x0.5x
Tue, 30 May 2023R518.5bR971.9bR26.5b11.9x19.5x0.5x
Thu, 27 Apr 2023R549.0bR961.1bR27.2b12.9x20.2x0.6x
Sat, 25 Mar 2023R522.7bR960.6bR26.2b12.3x20x0.5x
Mon, 20 Feb 2023R542.5bR922.4bR25.3b13.4x21.4x0.6x
Wed, 18 Jan 2023R548.8bR922.4bR25.3b11.9x21.7x0.6x
Price to Earnings Ratio

21.7x


Total Market Cap: R548.8bTotal 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 17.9x 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 Market1.61%
Consumer Staples0.72%
Food2.78%
Beverage0.38%
Food and Staples Retail0.026%
Personal Products0%0
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 14.3%, 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 7.0x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 2.0% per year.
  • In contrast, the Food industry is expected to see its earnings grow by 9.2% 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
CLS Clicks GroupR345.194.0%
+R3.1b		-7.5%PE25.1x
TBS Tiger BrandsR380.873.1%
+R1.7b		31.5%PE14x
AVI AVIR109.903.4%
+R1.2b		5.1%PE15x
SHP Shoprite HoldingsR273.550.6%
+R886.5m		-7.0%PE20x
PMR Premier GroupR175.004.0%
+R862.4m		34.6%PE16.6x

Latest News

CLS
R345.19
Clicks Group
7D
4.0%
1Y
-7.5%

CLS: Higher Dividend And Margin Assumptions Will Support Future Upside

Analysts have nudged their price target for Clicks Group higher from R423.14 to R430.25, citing modest adjustments to fair value assumptions along with updated views on revenue growth, profit margins and future P/E expectations. What's in the News Clicks Group Limited approved a final gross ordinary dividend for the period ended 31 August 2025 of 648.0 cents per share, with dividends tax of 20% resulting in a net dividend of 518.4 cents per share for ordinary shareholders who are not exempt from tax (Key Developments).
TBS
R380.87
Tiger Brands
7D
3.1%
1Y
31.5%

TBS: Future Payouts And Buybacks Will Mask Earnings Quality Risk

Analysts have revised their fair value estimate for Tiger Brands from R253.00 to R280.00, citing adjusted assumptions for revenue growth, profit margins, and a lower future P/E multiple as the key drivers of the new price target. 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, subject to South African Reserve Bank approval (Key Developments).
CKS
R20.50
Crookes Brothers
7D
-15.5%
1Y
-36.0%

We Think Crookes Brothers (JSE:CKS) Is Taking Some Risk With Its Debt

Jan 09
We Think Crookes Brothers (JSE:CKS) Is Taking Some Risk With Its Debt
PMR
R175.00
Premier Group
7D
4.0%
1Y
34.6%
ARL
R269.88
Astral Foods
7D
-0.9%
1Y
44.6%
OCE
R54.21
Oceana Group
7D
-3.2%
1Y
-19.3%
SHP
R273.55
Shoprite Holdings
7D
0.6%
1Y
-7.0%
SPP
R96.91
SPAR Group
7D
2.1%
1Y
-31.9%

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).
LBR
R4.71
Libstar Holdings
7D
-0.4%
1Y
12.1%
SHG
R9.43
Sea Harvest Group
7D
-0.7%
1Y
14.2%
DCP
R36.01
Dis-Chem Pharmacies
7D
1.8%
1Y
-1.3%

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

Nov 22
Dis-Chem Pharmacies (JSE:DCP) Seems To Use Debt Quite Sensibly
RBO
R5.35
Rainbow Chicken
7D
9.6%
1Y
37.5%
AVI
R109.90
AVI
7D
3.4%
1Y
5.1%
BID
R404.53
Bid
7D
-3.8%
1Y
-9.4%