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South African (JSE) Consumer Staples Sector Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies21
  • 7D-0.6%
  • 3M-4.4%
  • 1Y-4.2%
  • YTD-4.6%

The Consumer Staples industry has been flat over the last week, but AVI has lost 3.4%. As for the longer term, the industry has declined 4.2% in the last year. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026R593.8bR1.1tR35.8b12x16.6x0.5x
Fri, 13 Mar 2026R581.7bR1.1tR35.8b12.4x16.2x0.5x
Sun, 08 Feb 2026R627.8bR1.1tR35.2b12.7x17.8x0.6x
Tue, 06 Jan 2026R622.6bR1.1tR35.2b12.6x17.7x0.6x
Thu, 04 Dec 2025R628.2bR1.1tR36.1b11.4x17.4x0.6x
Sat, 01 Nov 2025R639.3bR1.1tR35.5b11.4x18x0.6x
Mon, 29 Sep 2025R615.0bR1.1tR34.9b10x17.6x0.6x
Wed, 27 Aug 2025R636.2bR1.1tR31.5b13x20.2x0.6x
Fri, 25 Jul 2025R616.7bR1.1tR31.5b11.4x19.6x0.6x
Sun, 22 Jun 2025R626.1bR1.1tR31.5b12.5x19.9x0.6x
Tue, 20 May 2025R637.0bR1.1tR27.8b12.8x22.9x0.6x
Thu, 17 Apr 2025R626.6bR1.1tR28.1b12.7x22.3x0.6x
Sat, 15 Mar 2025R601.4bR1.1tR29.6b11x20.3x0.6x
Mon, 10 Feb 2025R642.5bR1.1tR28.8b14.4x22.3x0.6x
Wed, 08 Jan 2025R660.1bR1.1tR28.8b15.7x22.9x0.6x
Fri, 06 Dec 2024R665.8bR1.1tR28.8b14.4x23.1x0.6x
Sun, 03 Nov 2024R606.6bR1.0tR24.9b16x24.4x0.6x
Tue, 01 Oct 2024R594.4bR904.7bR27.6b14.6x21.5x0.7x
Thu, 29 Aug 2024R581.9bR898.8bR27.1b12.2x21.4x0.6x
Sat, 27 Jul 2024R563.8bR900.0bR27.6b10.1x20.5x0.6x
Mon, 24 Jun 2024R551.7bR886.5bR27.7b11x19.9x0.6x
Wed, 22 May 2024R526.8bR990.3bR27.2b10.2x19.4x0.5x
Fri, 19 Apr 2024R494.2bR988.1bR26.7b10.2x18.5x0.5x
Sun, 17 Mar 2024R526.0bR988.1bR27.0b10.2x19.5x0.5x
Tue, 13 Feb 2024R530.3bR949.1bR25.4b12x20.9x0.6x
Thu, 11 Jan 2024R582.2bR1.1tR24.8b14.2x23.5x0.5x
Sat, 09 Dec 2023R566.8bR1.1tR24.8b14.1x22.9x0.5x
Mon, 06 Nov 2023R546.5bR1.1tR27.3b12.7x20x0.5x
Wed, 04 Oct 2023R533.9bR1.0tR28.5b12x18.8x0.5x
Fri, 01 Sep 2023R559.8bR1.0tR28.0b11.4x20x0.5x
Sun, 30 Jul 2023R558.0bR999.2bR27.0b11.2x20.7x0.6x
Tue, 27 Jun 2023R529.3bR999.2bR27.2b10.9x19.5x0.5x
Thu, 25 May 2023R515.4bR970.9bR26.5b12x19.4x0.5x
Sat, 22 Apr 2023R544.2bR960.6bR27.3b12.8x19.9x0.6x
Price to Earnings Ratio

19.9x


Total Market Cap: R544.2bTotal Earnings: R27.3bTotal Revenue: R960.6bTotal 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 16.4x 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 9.5% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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-0.22%
Consumer Staples-0.63%
Personal Products0%0
Food and Staples Retail-0.52%
Food-0.89%
Beverage-11.74%
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 12.2%, 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 4.8x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 12% 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 5.4% 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 HoldingsR282.141.1%
+R1.6b		-0.1%PE20.2x
RCL RCL FoodsR8.805.6%
+R422.3m		-7.4%PE7.2x
RBO Rainbow ChickenR7.185.6%
+R341.5m		123.7%PE7x
PIK Pick n Pay StoresR19.580.5%
+R73.2m		-26.1%PS0.1x
OCE Oceana GroupR54.320.4%
+R26.3m		-9.0%PE9.7x

Latest News

QFH
R9.99
Quantum Foods Holdings
7D
-15.6%
1Y
42.7%
CLS
R292.26
Clicks Group
7D
-1.9%
1Y
-22.3%

CLS: Lower Margin Assumptions Will Still Support Future Upside Potential

Analysts have revised their price target for Clicks Group from ZAR430.25 to ZAR410.00, citing updated fair value assumptions, a slightly lower discount rate, and modest changes to expectations for revenue growth, profit margins, and future P/E ratios. Valuation Changes Fair Value: revised from ZAR430.25 to ZAR410.00, representing a small downward adjustment to the central value estimate.
AVI
R98.91
AVI
7D
-3.5%
1Y
7.9%

AVI: Slightly Higher P/E Expectations Will Support Stronger Intrinsic Upside

Analysts have trimmed their price target on AVI slightly from ZAR126.50 to ZAR125.75. This reflects updated views on revenue growth, profit margins and the stock's future P/E multiple.
LBR
R4.60
Libstar Holdings
7D
0.4%
1Y
48.4%

LBR: Dividend Outlook And Lower Impairments Will Support Steady Risk Profile

Analysts have kept their valuation drivers for Libstar Holdings broadly unchanged, resulting in a steady analyst price target around ZAR4.70 as they continue to see similar assumptions for discount rate, revenue growth, profit margin and future P/E. What's in the News Announced an annual dividend of ZAR0.2800 per share, with an ex-dividend date of April 8, 2026, record date of April 10, 2026, and payment date of April 13, 2026 (Key Developments).
PIK
R19.58
Pick n Pay Stores
7D
0.5%
1Y
-26.1%

PIK: Higher Margin Expectations Will Support Future Upside Potential

Analysts have slightly reduced their price target for Pick n Pay Stores from ZAR27.67 to ZAR27.06, reflecting updated assumptions around discount rates, margins and future P/E expectations. Valuation Changes Fair Value: ZAR27.67 updated to ZAR27.06, a small downward adjustment in the modelled valuation per share.
TBS
R301.00
Tiger Brands
7D
-0.7%
1Y
4.7%

TBS: Special Dividend And Buybacks Will Support Improved Earnings Quality

Analysts now set their Tiger Brands price target at ZAR348.00, slightly below the prior ZAR350.75, reflecting updated views that incorporate a modest adjustment to discount rates, revenue growth expectations, profit margins and the assumed future P/E multiple. Valuation Changes Fair Value: ZAR348.00, slightly below the prior ZAR350.75.
ARL
R255.55
Astral Foods
7D
-1.5%
1Y
56.2%
RBO
R7.18
Rainbow Chicken
7D
5.6%
1Y
123.7%
DCP
R36.82
Dis-Chem Pharmacies
7D
-1.6%
1Y
18.2%

Here's Why We Think Dis-Chem Pharmacies (JSE:DCP) Is Well Worth Watching

Apr 07
Here's Why We Think Dis-Chem Pharmacies (JSE:DCP) Is Well Worth Watching
SZK
R30.01
SAB Zenzele Kabili Holdings (RF)
7D
-11.7%
1Y
-22.1%
SHP
R282.14
Shoprite Holdings
7D
1.1%
1Y
-0.1%

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
R407.68
Bid
7D
-1.5%
1Y
-11.1%
RCL
R8.80
RCL Foods
7D
5.6%
1Y
-7.4%
OCE
R54.32
Oceana Group
7D
0.4%
1Y
-9.0%
CKS
R19.24
Crookes Brothers
7D
8.4%
1Y
-35.2%