Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Consumer Staples Sector Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies22
  • 7D2.0%
  • 3M-4.4%
  • 1Y-0.4%
  • YTD-4.2%

In the last week, the Consumer Staples industry is up 2.0%, with Shoprite Holdings up 3.2%. Meanwhile, Oceana Group actually underperformed within the industry, shrinking 6.2% in the last week. Despite this gain, the industry's performance has been flat over the past year. 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
Sun, 29 Mar 2026R601.6bR1.1tR36.3b13.2x16.6x0.5x
Tue, 24 Feb 2026R628.6bR1.1tR35.2b12.4x17.8x0.6x
Thu, 22 Jan 2026R625.5bR1.1tR35.2b12.3x17.8x0.6x
Sat, 20 Dec 2025R625.7bR1.1tR35.2b12.6x17.8x0.6x
Mon, 17 Nov 2025R633.7bR1.1tR35.7b12x17.7x0.6x
Wed, 15 Oct 2025R643.5bR1.1tR34.9b10.2x18.5x0.6x
Fri, 12 Sep 2025R627.4bR1.1tR33.0b11.8x19x0.6x
Sun, 10 Aug 2025R619.0bR1.1tR31.5b11.7x19.6x0.6x
Tue, 08 Jul 2025R632.7bR1.1tR31.5b11.9x20.1x0.6x
Thu, 05 Jun 2025R645.8bR1.1tR31.7b12.8x20.4x0.6x
Sat, 03 May 2025R650.6bR1.1tR28.1b12.9x23.2x0.6x
Mon, 31 Mar 2025R606.1bR1.1tR27.9b12.5x21.7x0.6x
Wed, 26 Feb 2025R631.0bR1.1tR28.8b13.8x21.9x0.6x
Fri, 24 Jan 2025R639.1bR1.1tR28.8b14.8x22.2x0.6x
Sun, 22 Dec 2024R662.5bR1.1tR28.8b15.9x23x0.6x
Tue, 19 Nov 2024R616.9bR1.0tR25.0b15.2x24.7x0.6x
Thu, 17 Oct 2024R585.5bR905.7bR28.0b15x20.9x0.6x
Sat, 14 Sep 2024R584.4bR904.7bR28.4b13.3x20.6x0.6x
Mon, 12 Aug 2024R559.4bR900.0bR27.6b10.8x20.3x0.6x
Wed, 10 Jul 2024R552.0bR900.0bR27.6b10.8x20x0.6x
Fri, 07 Jun 2024R506.5bR880.3bR27.3b10.3x18.5x0.6x
Sun, 05 May 2024R519.2bR989.9bR26.9b10.3x19.3x0.5x
Tue, 02 Apr 2024R523.7bR988.2bR26.7b10x19.6x0.5x
Thu, 29 Feb 2024R523.8bR971.1bR26.0b11.5x20.1x0.5x
Sat, 27 Jan 2024R585.4bR1.1tR24.8b14.4x23.6x0.6x
Mon, 25 Dec 2023R571.9bR1.1tR24.8b13.9x23.1x0.5x
Wed, 22 Nov 2023R556.4bR1.1tR26.2b12.6x21.2x0.5x
Fri, 20 Oct 2023R516.0bR1.0tR28.5b10.3x18.1x0.5x
Sun, 17 Sep 2023R552.8bR1.0tR27.8b12.5x19.9x0.5x
Tue, 15 Aug 2023R556.8bR999.2bR27.0b11.3x20.7x0.6x
Thu, 13 Jul 2023R544.0bR999.2bR27.0b11.5x20.2x0.5x
Sat, 10 Jun 2023R2.0tR976.0bR26.7b11.2x75x2.1x
Mon, 08 May 2023R529.9bR969.5bR27.0b12.6x19.6x0.5x
Wed, 05 Apr 2023R548.4bR960.7bR27.3b12.9x20.1x0.6x
Price to Earnings Ratio

20.1x


Total Market Cap: R548.4bTotal 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 16.6x 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 Market0.99%
Consumer Staples2.02%
Food and Staples Retail2.55%
Food0.45%
Beverage0.029%
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 23.8x.
    • Analysts are expecting annual earnings growth of 12.6%, 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 5.1x.
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 HoldingsR275.813.2%
+R4.6b		2.1%PE19.8x
DCP Dis-Chem PharmaciesR36.678.6%
+R2.5b		19.6%PE25.4x
BID BidR415.701.4%
+R1.9b		-5.1%PE15.9x
TBS Tiger BrandsR299.504.1%
+R1.8b		9.7%PE11x
PIK Pick n Pay StoresR19.316.1%
+R812.9m		-31.8%PS0.1x

Latest News

QFH
R10.35
Quantum Foods Holdings
7D
14.6%
1Y
58.7%
LBR
R4.85
Libstar Holdings
7D
-4.7%
1Y
38.2%

LBR: Dividend Initiation And Lower Impairments Will Support Balanced Risk Profile

Analysts have slightly lowered their ZAR price target on Libstar Holdings, reflecting updated expectations for a lower revenue growth rate, a modestly higher projected profit margin, and a nearly steady forward P/E multiple. What's in the News Libstar Holdings announced an annual dividend of ZAR 0.2800 per share, with an ex-date of April 8, 2026, record date of April 10, 2026, and payment date of April 13, 2026 (Key Developments).
BRT
R4.25
Brimstone Investment
7D
-17.5%
1Y
-3.4%
PIK
R19.31
Pick n Pay Stores
7D
6.1%
1Y
-31.8%

PIK: Stable Assumptions And Turnaround Efforts Will Support Future Upside Potential

Analysts have kept their ZAR 27.67 price target for Pick n Pay Stores unchanged, pointing to only minor adjustments in assumptions, such as a slightly lower discount rate and marginal tweaks to revenue growth, profit margin and future P/E expectations. Valuation Changes Fair Value: The ZAR 27.67 fair value estimate is unchanged, indicating no revision to the core valuation output.
TBS
R299.50
Tiger Brands
7D
4.1%
1Y
9.7%

TBS: Special Dividend And Stable Assumptions Will Define A Balanced Risk Outlook

Analysts kept their ZAR280.00 price target for Tiger Brands unchanged, pointing to relatively steady assumptions around revenue growth, profit margins and future P/E expectations as the key reasons for holding their view. 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 share, declared on 26 November 2025 (company announcement).
SHP
R275.81
Shoprite Holdings
7D
3.2%
1Y
2.1%

SHP: Future Upside Will Be Driven By Dividend Support And Earnings Guidance

Analysts have trimmed their Shoprite Holdings price target from ZAR322.69 to ZAR317.19, as slightly softer assumptions on revenue growth, profit margins and fair value are now partly offset by a marginally higher future P/E estimate and a small adjustment to the discount rate. What's in the News The board declares an interim cash dividend of 307 cents per ordinary share for the 26-week period ended 28 December 2025, with payment scheduled for 30 March 2026 from retained earnings in line with applicable legislation (Key Developments).
BID
R415.70
Bid
7D
1.4%
1Y
-5.1%
RBO
R6.55
Rainbow Chicken
7D
-3.5%
1Y
88.2%
ARL
R251.25
Astral Foods
7D
-0.09%
1Y
51.7%

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
R102.62
AVI
7D
-0.2%
1Y
14.0%

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.
SHG
R9.24
Sea Harvest Group
7D
-3.5%
1Y
35.1%
PMR
R173.75
Premier Group
7D
-1.2%
1Y
33.7%
DCP
R36.67
Dis-Chem Pharmacies
7D
8.6%
1Y
19.6%
OCE
R53.82
Oceana Group
7D
-6.2%
1Y
-8.5%
BOX
R75.85
Boxer Retail
7D
2.2%
1Y
7.0%
CLS
R293.81
Clicks Group
7D
0.8%
1Y
-12.6%

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