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South African (JSE) Consumer Staples Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies22
  • 7D-2.5%
  • 3M-2.1%
  • 1Y-0.7%
  • YTD-2.7%

Over the last 7 days, the Consumer Staples industry has dropped 2.5%, driven by Bid declining 3.8%. Meanwhile, Rainbow Chicken actually outperformed within the industry, gaining 10% in the last week. As for the longer term, the industry's performance has been flat for 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
Wed, 04 Mar 2026R610.9bR1.1tR35.9b12x17x0.6x
Fri, 30 Jan 2026R618.0bR1.1tR35.2b12.2x17.5x0.6x
Sun, 28 Dec 2025R623.0bR1.1tR35.2b12.6x17.7x0.6x
Tue, 25 Nov 2025R622.6bR1.1tR36.0b11x17.3x0.6x
Thu, 23 Oct 2025R653.2bR1.1tR34.9b11.4x18.7x0.6x
Sat, 20 Sep 2025R638.8bR1.1tR33.0b12.1x19.4x0.6x
Mon, 18 Aug 2025R629.4bR1.1tR31.5b12.5x20x0.6x
Wed, 16 Jul 2025R615.2bR1.1tR31.5b11.5x19.5x0.6x
Fri, 13 Jun 2025R631.2bR1.1tR31.5b12.6x20x0.6x
Sun, 11 May 2025R643.1bR1.1tR28.0b12.8x22.9x0.6x
Tue, 08 Apr 2025R577.8bR1.1tR27.9b11.9x20.7x0.5x
Thu, 06 Mar 2025R607.4bR1.1tR29.2b14x20.8x0.6x
Sat, 01 Feb 2025R644.5bR1.1tR28.8b14.6x22.4x0.6x
Mon, 30 Dec 2024R654.0bR1.1tR28.8b15.6x22.7x0.6x
Wed, 27 Nov 2024R626.6bR1.0tR25.8b14.9x24.3x0.6x
Fri, 25 Oct 2024R574.2bR907.8bR28.2b15.4x20.3x0.6x
Sun, 22 Sep 2024R596.1bR904.7bR27.6b15.8x21.6x0.7x
Tue, 20 Aug 2024R576.9bR900.0bR27.6b10.6x20.9x0.6x
Thu, 18 Jul 2024R548.9bR900.0bR27.6b10.4x19.9x0.6x
Sat, 15 Jun 2024R514.8bR880.4bR27.4b10.4x18.8x0.6x
Mon, 13 May 2024R525.7bR989.9bR26.9b10.4x19.6x0.5x
Wed, 10 Apr 2024R515.7bR988.2bR26.7b10x19.3x0.5x
Fri, 08 Mar 2024R537.2bR987.7bR26.6b10.7x20.2x0.5x
Sun, 04 Feb 2024R596.7bR1.1tR24.8b14.3x24.1x0.6x
Tue, 02 Jan 2024R588.4bR1.1tR24.8b14x23.7x0.6x
Thu, 30 Nov 2023R561.3bR1.1tR26.3b12.3x21.3x0.5x
Sat, 28 Oct 2023R526.8bR1.1tR27.4b11.8x19.2x0.5x
Mon, 25 Sep 2023R538.2bR1.0tR28.5b10.7x18.9x0.5x
Wed, 23 Aug 2023R547.8bR999.2bR27.0b11.3x20.3x0.5x
Fri, 21 Jul 2023R537.5bR999.2bR27.0b11.1x19.9x0.5x
Sun, 18 Jun 2023R542.4bR999.2bR27.2b11x20x0.5x
Tue, 16 May 2023R520.5bR969.5bR27.0b12.2x19.3x0.5x
Thu, 13 Apr 2023R544.9bR960.6bR27.3b12.9x20x0.6x
Sat, 11 Mar 2023R535.7bR958.7bR26.7b12.4x20.1x0.6x
Price to Earnings Ratio

20.1x


Total Market Cap: R535.7bTotal Earnings: R26.7bTotal Revenue: R958.7bTotal 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 17.0x 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 4.4% 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 Market3.39%
Consumer Staples-2.52%
Beverage0%0
Personal Products0%0
Food and Staples Retail-2.48%
Food-2.66%
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 13.4%, 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 5.7x.
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 11% per year.
  • 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
QFH Quantum Foods HoldingsR10.0014.4%
+R255.8m		58.7%PE7.3x
RBO Rainbow ChickenR7.163.8%
+R232.2m		93.5%PE11.2x
OCE Oceana GroupR54.502.3%
+R149.7m		-6.6%PE9.7x

Latest News

BID
R418.44
Bid
7D
-5.9%
1Y
-4.6%
PMR
R174.88
Premier Group
7D
-6.8%
1Y
50.7%
DCP
R34.61
Dis-Chem Pharmacies
7D
-6.1%
1Y
8.7%
OCE
R54.50
Oceana Group
7D
2.3%
1Y
-6.6%
TBS
R302.05
Tiger Brands
7D
-11.3%
1Y
11.7%

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
R256.83
Shoprite Holdings
7D
-5.8%
1Y
-3.8%

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
R68.57
Boxer Retail
7D
-4.6%
1Y
4.1%
CLS
R299.22
Clicks Group
7D
-7.0%
1Y
-12.7%

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
QFH
R10.00
Quantum Foods Holdings
7D
14.4%
1Y
58.7%
RBO
R7.16
Rainbow Chicken
7D
3.8%
1Y
93.5%
AVI
R106.82
AVI
7D
-7.3%
1Y
12.6%