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South African (JSE) Consumer Staples Sector Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies22
  • 7D-3.3%
  • 3M-5.1%
  • 1Y-2.1%
  • YTD-7.3%

Over the last 7 days, the Consumer Staples industry has dropped 3.3%, driven by Bid declining 4.6%. On the other hand Sea Harvest Group is actually up 6.5%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 20 Mar 2023R518.7bR960.6bR26.2b12.8x19.8x0.5x
Price to Earnings Ratio

19.8x


Total Market Cap: R518.7bTotal Earnings: R26.2bTotal Revenue: R960.6bTotal 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 16.2x 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 11% 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 Market-3.14%
Consumer Staples-3.29%
Personal Products0%0
Food-1.69%
Food and Staples Retail-3.80%
Beverage-11.76%
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 12.9%, 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 5.4x.
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 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
SHG Sea Harvest GroupR9.496.5%
+R191.7m		46.0%PE9.6x
PMR Premier GroupR175.000.8%
+R183.0m		47.8%PE16.6x
QFH Quantum Foods HoldingsR11.807.3%
+R162.4m		87.0%PE8.6x
RFG RFG HoldingsR24.862.5%
+R159.5m		29.3%PE14.6x
LBR Libstar HoldingsR4.514.2%
+R94.1m		18.7%PS0.2x

Latest News

TBS
R296.80
Tiger Brands
7D
-3.1%
1Y
14.0%

TBS: Pending Special Dividend Will Highlight Limited Change In Underlying Earnings Risk

Analysts have kept their ZAR280.00 price target for Tiger Brands unchanged, citing only small tweaks to their models with slightly different assumptions for revenue growth, profit margins and future P/E multiples rather than a shift in overall 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 ordinary share, declared on 26 November 2025 (Key Developments).
AVI
R104.18
AVI
7D
-3.0%
1Y
19.2%
SHP
R258.47
Shoprite Holdings
7D
-2.0%
1Y
-5.4%

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

Analysts have slightly reduced their 12-month price target for Shoprite Holdings, with fair value adjusted from about ZAR326.00 to around ZAR323.00, reflecting updated assumptions on revenue growth, profit margins and future P/E levels. What's in the News The board declared an interim cash dividend of ZAR3.07 per ordinary share for the 26-week period ended 28 December 2025, payable on 30 March 2026, out of retained earnings in line with applicable legislation (company announcement).
SHG
R9.49
Sea Harvest Group
7D
6.5%
1Y
46.0%
SPP
R63.67
SPAR Group
7D
-4.9%
1Y
-46.0%

SPP: Leadership Transition And Margin Recovery Efforts Will Shape Future Risk Profile

Analysts have reduced their price target on SPAR Group from ZAR104 to ZAR81. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples.
QFH
R11.80
Quantum Foods Holdings
7D
7.3%
1Y
87.0%
BID
R404.10
Bid
7D
-4.6%
1Y
-5.1%
PMR
R175.00
Premier Group
7D
0.8%
1Y
47.8%
LBR
R4.51
Libstar Holdings
7D
4.2%
1Y
18.7%

LBR: Minor Assumption Shifts Will Likely Sustain Perceived Overvaluation

Analysts have made only minor adjustments to their assumptions for Libstar Holdings, keeping the fair value estimate steady at ZAR3.98 per share. Small changes to the discount rate, revenue growth outlook and future P/E expectations did not materially alter their overall price target rationale.
DCP
R33.53
Dis-Chem Pharmacies
7D
-5.2%
1Y
7.1%
OCE
R54.50
Oceana Group
7D
0.9%
1Y
-3.4%
BOX
R69.17
Boxer Retail
7D
-2.8%
1Y
4.8%
CLS
R288.95
Clicks Group
7D
-5.9%
1Y
-15.2%

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
R18.01
Crookes Brothers
7D
0.06%
1Y
-37.9%
RFG
R24.86
RFG Holdings
7D
2.5%
1Y
29.3%