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South African (JSE) Consumer Staples Sector Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies21
  • 7D0.4%
  • 3M-4.8%
  • 1Y3.7%
  • YTD-4.8%

In the last week, Consumer Staples has been flat. The past year has been better, since the industry has gained 3.7% in that time. 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, 08 Apr 2026R592.0bR1.1tR35.8b12.2x16.5x0.5x
Fri, 06 Mar 2026R601.6bR1.1tR35.3b13.1x17x0.5x
Sun, 01 Feb 2026R616.3bR1.1tR35.2b12.2x17.5x0.6x
Tue, 30 Dec 2025R628.7bR1.1tR35.2b12.6x17.8x0.6x
Thu, 27 Nov 2025R628.7bR1.1tR35.9b11.1x17.5x0.6x
Sat, 25 Oct 2025R651.9bR1.1tR35.1b11.5x18.6x0.6x
Mon, 22 Sep 2025R638.8bR1.1tR33.0b12.1x19.4x0.6x
Wed, 20 Aug 2025R634.7bR1.1tR31.5b12.5x20.1x0.6x
Fri, 18 Jul 2025R620.8bR1.1tR31.5b11.6x19.7x0.6x
Sun, 15 Jun 2025R615.1bR1.1tR31.5b12.6x19.5x0.6x
Tue, 13 May 2025R639.6bR1.1tR28.0b12.8x22.8x0.6x
Thu, 10 Apr 2025R580.4bR1.1tR27.9b11.9x20.8x0.5x
Sat, 08 Mar 2025R608.6bR1.1tR29.2b14x20.9x0.6x
Mon, 03 Feb 2025R644.5bR1.1tR28.8b14.6x22.4x0.6x
Wed, 01 Jan 2025R649.7bR1.1tR28.8b15.7x22.6x0.6x
Fri, 29 Nov 2024R655.8bR1.0tR25.8b14.7x25.4x0.6x
Sun, 27 Oct 2024R574.1bR909.5bR28.3b15.7x20.3x0.6x
Tue, 24 Sep 2024R596.1bR904.7bR27.6b15.8x21.6x0.7x
Thu, 22 Aug 2024R573.2bR900.0bR27.6b11.3x20.8x0.6x
Sat, 20 Jul 2024R555.5bR900.0bR27.6b10.5x20.1x0.6x
Mon, 17 Jun 2024R514.8bR886.5bR27.7b10.4x18.6x0.6x
Wed, 15 May 2024R528.3bR989.9bR26.9b10.2x19.7x0.5x
Fri, 12 Apr 2024R515.2bR988.2bR26.7b10.2x19.3x0.5x
Sun, 10 Mar 2024R536.4bR987.7bR26.6b10.9x20.1x0.5x
Tue, 06 Feb 2024R547.2bR949.1bR25.4b12x21.5x0.6x
Thu, 04 Jan 2024R577.9bR1.1tR24.8b14.1x23.3x0.5x
Sat, 02 Dec 2023R554.4bR1.1tR26.4b12.2x21x0.5x
Mon, 30 Oct 2023R526.8bR1.1tR27.4b11.8x19.2x0.5x
Wed, 27 Sep 2023R540.7bR1.0tR28.5b10.9x19x0.5x
Fri, 25 Aug 2023R554.4bR999.2bR27.0b11.2x20.6x0.6x
Sun, 23 Jul 2023R541.0bR999.2bR27.0b11.1x20.1x0.5x
Tue, 20 Jun 2023R540.1bR999.2bR27.2b11.2x19.9x0.5x
Thu, 18 May 2023R513.7bR969.5bR27.0b12x19x0.5x
Sat, 15 Apr 2023R547.2bR960.6bR27.3b12.9x20.1x0.6x
Price to Earnings Ratio

20.1x


Total Market Cap: R547.2bTotal 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 16.5x 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 Market2.78%
Consumer Staples0.43%
Food0.78%
Food and Staples Retail0.32%
Beverage0.033%
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 4.9x.
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 7.0% 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 HoldingsR275.110.3%
+R400.1m		6.8%PE19.7x
RCL RCL FoodsR8.554.9%
+R359.4m		-13.5%PE7x
LBR Libstar HoldingsR4.8014.0%
+R351.5m		51.9%PE36.1x
BID BidR407.730.1%
+R181.4m		-3.8%PE15.6x
OCE Oceana GroupR54.502.3%
+R147.3m		-3.6%PE9.7x

Latest News

RBO
R6.80
Rainbow Chicken
7D
1.5%
1Y
121.5%
SPP
R60.34
SPAR Group
7D
-3.5%
1Y
-44.1%

SPP: Leadership Transition And Capital Discipline Will Support Future Share Price Rebound

Analysts have adjusted their price target on SPAR Group to ZAR107.09 from ZAR136.69, reflecting updated assumptions for a slightly higher discount rate, firmer revenue growth, a lower profit margin, and a modestly higher future P/E multiple. What's in the News Group CEO Angelo Swartz has resigned, effective 28 February 2026, after 19 years with SPAR Group, with a transition period to support ongoing projects (Key Developments).
LBR
R4.80
Libstar Holdings
7D
14.0%
1Y
51.9%
SHG
R8.90
Sea Harvest Group
7D
0.7%
1Y
29.4%
AVI
R102.39
AVI
7D
-1.1%
1Y
19.1%
ARL
R250.89
Astral Foods
7D
-2.7%
1Y
60.8%

ARL: Interim Earnings Guidance And Stable Assumptions Will Support Balanced Outlook

Astral Foods' analyst price target has been reaffirmed at ZAR265, with analysts citing consistent assumptions for the discount rate, revenue growth, profit margin and future P/E as the basis for keeping their valuation unchanged. What's in the News Astral Foods issued earnings guidance for the six months ending 31 March 2026, with EPS expected to be at least ZAR 21.95 compared with ZAR 4.72 for HY2025, indicating a substantial increase in earnings on this measure (Key Developments).
PIK
R18.88
Pick n Pay Stores
7D
-2.3%
1Y
-26.4%

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
R298.84
Tiger Brands
7D
-1.5%
1Y
13.1%

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
R275.11
Shoprite Holdings
7D
0.3%
1Y
6.8%

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
R407.73
Bid
7D
0.1%
1Y
-3.8%
RCL
R8.55
RCL Foods
7D
4.9%
1Y
-13.5%
PMR
R169.08
Premier Group
7D
-0.5%
1Y
45.8%
OCE
R54.50
Oceana Group
7D
2.3%
1Y
-3.6%
BOX
R73.25
Boxer Retail
7D
-1.7%
1Y
12.4%
CLS
R291.85
Clicks Group
7D
-1.7%
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
CKS
R19.24
Crookes Brothers
7D
8.4%
1Y
-24.6%