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South African (JSE) Consumer Staples Sector Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies22
  • 7D1.0%
  • 3M-1.6%
  • 1Y-2.0%
  • YTD-1.0%

The Consumer Staples industry is up 1.0% in the last week, with Clicks Group up 5.4%. The industry has been flat over the past 12 months despite the gain this week. 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, 03 Feb 2026R621.3bR1.1tR35.2b12.3x17.6x0.6x
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
Price to Earnings Ratio

21.4x


Total Market Cap: R543.1bTotal Earnings: R25.3bTotal Revenue: R922.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.6x202420252026
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 20.6x.
  • 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-3.78%
Consumer Staples1.02%
Food and Staples Retail1.34%
Food0.086%
Beverage0%0
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 24.0x.
    • Analysts are expecting annual earnings growth of 12.8%, 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 6.4x.
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 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 8.7% 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
TBS Tiger BrandsR348.862.4%
+R1.2b		27.8%PE12.8x
AVI AVIR111.533.1%
+R1.1b		12.2%PE15.2x
CLS Clicks GroupR327.001.4%
+R1.1b		-6.8%PE23.7x
BID BidR406.930.7%
+R997.9m		-13.2%PE16.7x
BOX Boxer RetailR74.602.9%
+R959.7m		15.8%PE24.2x

Latest News

SHP
R263.50
Shoprite Holdings
7D
-0.8%
1Y
-6.6%
ARL
R273.40
Astral Foods
7D
1.2%
1Y
56.2%

ARL: Stable Leadership Transitions And Steady Outlook Will Support Balanced Prospects

Analysts have maintained their fair value estimate for Astral Foods at R265.00, reflecting unchanged assumptions for revenue growth, profit margins and future P/E multiples in their latest review. What's in the News Astral Foods appointed Mr. Gideon Johannes (Johan) Geel as Chief Financial Officer, effective March 1, 2026, following the resignation of Mr. Johan Andries Ignatius (Dries) Ferreira on January 31, 2026.
CLS
R327.00
Clicks Group
7D
1.4%
1Y
-6.8%
QFH
R9.74
Quantum Foods Holdings
7D
-2.0%
1Y
32.2%
PIK
R24.17
Pick n Pay Stores
7D
-2.3%
1Y
-16.8%

Omnichannel And Retail Media Expansion Will Transform This Retailer Over The Next Decade

Catalysts About Pick n Pay Stores Pick n Pay Stores operates food, grocery, clothing and liquor retail formats, together with a franchise network and value-added services, primarily in South Africa. What are the underlying business or industry changes driving this perspective?
KAL
R48.75
KAL Group
7D
-2.0%
1Y
1.6%

We Think The Compensation For KAL Group Limited's (JSE:KAL) CEO Looks About Right

Jan 30
We Think The Compensation For KAL Group Limited's (JSE:KAL) CEO Looks About Right
LBR
R4.37
Libstar Holdings
7D
-5.6%
1Y
0.7%

Category Simplification And International Expansion Will Support A Stronger Long Term Outlook

Catalysts About Libstar Holdings Libstar Holdings is a South African food producer focused on value added ambient and perishable products, with a small household and personal care presence. What are the underlying business or industry changes driving this perspective?
OCE
R55.36
Oceana Group
7D
-1.1%
1Y
-18.5%
AVI
R111.53
AVI
7D
3.1%
1Y
12.2%
SPP
R91.08
SPAR Group
7D
-0.6%
1Y
-34.5%

SPP: Higher Discount Rate Will Still Support Attractive Long Term Returns

Analysts have adjusted their price target on SPAR Group to $145.50 from $171.00, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News SPAR Group issued earnings guidance for the 52 weeks ending 26 September 2025, giving investors a fresh reference point for its expected performance over that period (company guidance).
TBS
R348.86
Tiger Brands
7D
2.4%
1Y
27.8%

TBS: Special Dividend And Buybacks Will Temper Uncertain Future Earnings Outlook

Analysts have lifted their price target for Tiger Brands from R310.33 to R350.75, citing updated assumptions for revenue growth of 5.08%, a profit margin of 9.90% and a lower future P/E of 19.77, while holding the discount rate steady at 16.73%. What's in the News Tiger Brands declared a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per share, subject to approval by the South African Reserve Bank.
DCP
R36.13
Dis-Chem Pharmacies
7D
1.5%
1Y
5.4%
BOX
R74.60
Boxer Retail
7D
2.9%
1Y
15.8%

Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns

Jan 13
Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns
BRT
R5.15
Brimstone Investment
7D
3.0%
1Y
1.0%
RCL
R9.64
RCL Foods
7D
-5.4%
1Y
1.5%
BID
R406.93
Bid
7D
0.7%
1Y
-13.2%