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South African (JSE) Consumer Staples Sector Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies22
  • 7D-2.7%
  • 3M-2.3%
  • 1Y-1.2%
  • YTD-2.3%

Over the last 7 days, the Consumer Staples industry has dropped 1.9%, driven by declines in Bid and SPAR Group of 3.1% and 23%, respectively. Over the last year, the industry has been flat overall. 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
Fri, 27 Feb 2026R613.2bR1.1tR35.9b12x17.1x0.6x
Sun, 25 Jan 2026R618.2bR1.1tR35.2b12.3x17.5x0.6x
Tue, 23 Dec 2025R618.0bR1.1tR35.2b12.6x17.5x0.6x
Thu, 20 Nov 2025R629.1bR1.1tR36.0b10.7x17.5x0.6x
Sat, 18 Oct 2025R642.6bR1.1tR34.9b11.3x18.4x0.6x
Mon, 15 Sep 2025R633.1bR1.1tR33.0b11.7x19.2x0.6x
Wed, 13 Aug 2025R625.4bR1.1tR31.5b12.3x19.8x0.6x
Fri, 11 Jul 2025R630.8bR1.1tR31.5b11.8x20x0.6x
Sun, 08 Jun 2025R641.5bR1.1tR31.7b12.9x20.3x0.6x
Tue, 06 May 2025R644.4bR1.1tR28.1b12.9x23x0.6x
Thu, 03 Apr 2025R608.4bR1.1tR27.9b12.3x21.8x0.6x
Sat, 01 Mar 2025R624.0bR1.1tR28.7b14x21.7x0.6x
Mon, 27 Jan 2025R639.1bR1.1tR28.8b14.9x22.2x0.6x
Wed, 25 Dec 2024R657.8bR1.1tR28.8b15.6x22.9x0.6x
Fri, 22 Nov 2024R626.0bR1.0tR26.0b14.6x24.1x0.6x
Sun, 20 Oct 2024R582.0bR905.7bR28.0b15.1x20.8x0.6x
Tue, 17 Sep 2024R579.9bR888.8bR26.1b13.1x22.2x0.7x
Thu, 15 Aug 2024R571.6bR900.0bR27.6b10.5x20.7x0.6x
Sat, 13 Jul 2024R553.2bR900.0bR27.6b10.7x20.1x0.6x
Mon, 10 Jun 2024R505.5bR880.3bR27.3b10.4x18.5x0.6x
Wed, 08 May 2024R521.0bR989.9bR26.9b10.1x19.4x0.5x
Fri, 05 Apr 2024R525.3bR988.2bR26.7b10.3x19.6x0.5x
Sun, 03 Mar 2024R523.0bR971.1bR26.0b11.5x20.1x0.5x
Tue, 30 Jan 2024R582.0bR1.1tR24.8b14.3x23.5x0.5x
Thu, 28 Dec 2023R585.0bR1.1tR24.8b13.4x23.6x0.5x
Sat, 25 Nov 2023R563.7bR1.1tR26.3b12.2x21.4x0.5x
Mon, 23 Oct 2023R518.4bR1.0tR28.5b10.3x18.2x0.5x
Wed, 20 Sep 2023R542.9bR1.0tR27.8b12.6x19.5x0.5x
Fri, 18 Aug 2023R551.5bR999.2bR27.0b11.1x20.5x0.6x
Sun, 16 Jul 2023R542.7bR999.2bR27.0b11.4x20.1x0.5x
Tue, 13 Jun 2023R525.5bR993.9bR27.5b10.2x19.1x0.5x
Thu, 11 May 2023R524.6bR969.5bR27.0b12.4x19.4x0.5x
Sat, 08 Apr 2023R547.6bR960.6bR27.3b12.9x20.1x0.6x
Mon, 06 Mar 2023R549.6bR939.2bR26.4b13.2x20.8x0.6x
Price to Earnings Ratio

20.8x


Total Market Cap: R549.6bTotal Earnings: R26.4bTotal Revenue: R939.2bTotal 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 17.6x 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 10% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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 Market3.25%
Consumer Staples-2.66%
Beverage0%0
Personal Products0%0
Food-1.35%
Food and Staples Retail-3.11%
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 23.9x.
    • Analysts are expecting annual earnings growth of 13.8%, 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 5.8x.
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 6.7% 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
PMR Premier GroupR185.442.5%
+R572.3m		58.6%PE17.6x
DCP Dis-Chem PharmaciesR36.800.6%
+R197.1m		11.5%PE25.5x
ARL Astral FoodsR281.501.6%
+R174.1m		69.3%PE12.4x
OCE Oceana GroupR53.652.8%
+R173.6m		-8.7%PE9.5x
RBO Rainbow ChickenR7.242.7%
+R169.7m		88.1%PE11.3x

Latest News

SPP
R69.44
SPAR Group
7D
-23.3%
1Y
-48.4%
BID
R421.50
Bid
7D
-3.1%
1Y
-8.6%
DCP
R36.80
Dis-Chem Pharmacies
7D
0.6%
1Y
11.5%
OCE
R53.65
Oceana Group
7D
2.8%
1Y
-8.7%
TBS
R315.07
Tiger Brands
7D
-5.9%
1Y
18.1%

TBS: Pending Special Dividend Will Mask Underlying Earnings Quality Risk

Analysts have maintained their Tiger Brands fair value estimate at ZAR280.00. The slightly lower discount rate and modestly higher profit margin assumption result in only a small refinement to the underlying valuation rather than a major shift in the price target.
SHP
R267.11
Shoprite Holdings
7D
-1.4%
1Y
-2.8%

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

Analysts have made a small downward adjustment to their Shoprite Holdings price target to ZAR325.88. This reflects slightly different assumptions for fair value, discount rate, revenue growth, profit margin and future P/E compared with the prior ZAR327.13 view.
BOX
R70.22
Boxer Retail
7D
-3.5%
1Y
4.7%
PIK
R19.85
Pick n Pay Stores
7D
-2.1%
1Y
-32.5%
ARL
R281.50
Astral Foods
7D
1.6%
1Y
69.3%

ARL: Leadership Changes And Refined Assumptions Will Support Balanced Future Prospects

The analyst price target for Astral Foods has been refined to ZAR265, with small adjustments to the discount rate and future P/E assumptions as analysts reassess the balance between required returns and valuation inputs. What's in the News Astral Foods appointed Henry Enslin CA(SA) as acting CFO for February 2026, with Enslin stepping in on a temporary basis while retaining his role as Financial Manager for the Poultry Commercial Division (company announcement).
LBR
R4.60
Libstar Holdings
7D
2.0%
1Y
27.8%

LBR: Minor Assumption Tweaks Will Likely Reaffirm Persistent Overvaluation

Analysts have held their fair value estimate for Libstar Holdings steady at ZAR3.98 per share, with only small tweaks to inputs such as the discount rate and assumed future P/E. Together, these inputs support an unchanged overall price target narrative.
CLS
R317.82
Clicks Group
7D
-3.4%
1Y
-8.6%

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
RBO
R7.24
Rainbow Chicken
7D
2.7%
1Y
88.1%
AVI
R113.35
AVI
7D
-0.8%
1Y
21.1%
RFG
R26.40
RFG Holdings
7D
2.5%
1Y
32.5%
PMR
R185.44
Premier Group
7D
2.5%
1Y
58.6%
SHG
R9.65
Sea Harvest Group
7D
0.5%
1Y
46.2%