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South African (JSE) Consumer Staples Sector Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies22
  • 7D0.8%
  • 3M1.2%
  • 1Y-3.7%
  • YTD-3.7%

In the last week, Consumer Staples has been flat. As for the longer term, the industry has declined 3.7% in the last year. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025R623.0bR1.1tR35.2b12.6x17.7x0.6x
Wed, 26 Nov 2025R619.1bR1.1tR35.9b11x17.2x0.6x
Fri, 24 Oct 2025R655.1bR1.1tR34.9b11.6x18.8x0.6x
Sun, 21 Sep 2025R638.8bR1.1tR33.0b12.1x19.4x0.6x
Tue, 19 Aug 2025R626.1bR1.1tR31.5b12.6x19.9x0.6x
Thu, 17 Jul 2025R616.2bR1.1tR31.5b11.6x19.5x0.6x
Sat, 14 Jun 2025R615.1bR1.1tR31.5b12.6x19.5x0.6x
Mon, 12 May 2025R643.1bR1.1tR28.0b12.8x22.9x0.6x
Wed, 09 Apr 2025R597.4bR1.1tR27.9b12.3x21.4x0.6x
Fri, 07 Mar 2025R609.5bR1.1tR29.2b14x20.9x0.6x
Sun, 02 Feb 2025R644.5bR1.1tR28.8b14.6x22.4x0.6x
Tue, 31 Dec 2024R650.2bR1.1tR28.8b15.5x22.6x0.6x
Thu, 28 Nov 2024R647.2bR1.0tR25.8b14.8x25.1x0.6x
Sat, 26 Oct 2024R574.1bR907.8bR28.2b15.7x20.3x0.6x
Mon, 23 Sep 2024R596.1bR904.7bR27.6b15.8x21.6x0.7x
Wed, 21 Aug 2024R572.1bR900.0bR27.6b10.9x20.8x0.6x
Fri, 19 Jul 2024R555.1bR900.0bR27.6b10.4x20.1x0.6x
Sun, 16 Jun 2024R514.8bR880.4bR27.4b10.4x18.8x0.6x
Tue, 14 May 2024R528.8bR989.9bR26.9b10.2x19.7x0.5x
Thu, 11 Apr 2024R515.4bR988.2bR26.7b10.3x19.3x0.5x
Sat, 09 Mar 2024R536.4bR987.7bR26.6b10.9x20.1x0.5x
Mon, 05 Feb 2024R596.7bR1.1tR24.8b14.3x24.1x0.6x
Wed, 03 Jan 2024R586.1bR1.1tR24.8b14.1x23.6x0.6x
Fri, 01 Dec 2023R560.3bR1.1tR26.4b12.4x21.3x0.5x
Sun, 29 Oct 2023R526.8bR1.1tR27.4b11.8x19.2x0.5x
Tue, 26 Sep 2023R538.2bR1.0tR28.5b10.7x18.9x0.5x
Thu, 24 Aug 2023R554.8bR999.2bR27.0b11.4x20.6x0.6x
Sat, 22 Jul 2023R541.0bR999.2bR27.0b11.1x20.1x0.5x
Mon, 19 Jun 2023R542.4bR999.2bR27.2b11x20x0.5x
Wed, 17 May 2023R520.0bR969.5bR27.0b12.2x19.2x0.5x
Fri, 14 Apr 2023R544.2bR960.6bR27.3b12.8x19.9x0.6x
Sun, 12 Mar 2023R535.7bR959.3bR26.5b12.4x20.2x0.6x
Tue, 07 Feb 2023R551.1bR922.4bR25.3b12.7x21.7x0.6x
Thu, 05 Jan 2023R533.2bR922.4bR25.3b11.9x21x0.6x
Price to Earnings Ratio

21x


Total Market Cap: R533.2bTotal Earnings: R25.3bTotal Revenue: R922.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.7x20242025
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 17.7x which is lower than its 3-year average PE of 20.7x.
  • 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 12% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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 Market1.10%
Consumer Staples0.78%
Food and Staples Retail0.89%
Food0.47%
Personal Products0%0
Beverage-0.15%
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 24.1x.
    • Analysts are expecting annual earnings growth of 14.1%, which is higher than its past year's earnings growth of 2.0% per year.
  • Investors are most pessimistic about the Beverage industry, which is trading below its 3-year average of 7.4x.
Forecasted Growth
  • Analysts are most optimistic on the Food industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 28% per year.
  • In contrast, the Food and Staples Retail industry is expected to see its earnings grow by 14% 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 HoldingsR273.062.6%
+R3.7b		-8.1%PE20x
BID BidR420.782.3%
+R3.1b		-2.8%PE17.3x
CLS Clicks GroupR337.630.9%
+R735.2m		-10.1%PE24.5x
DCP Dis-Chem PharmaciesR34.952.3%
+R668.4m		-3.2%PE24.2x
TBS Tiger BrandsR366.551.0%
+R530.0m		27.9%PE13.5x

Latest News

RFG
R22.67
RFG Holdings
7D
-2.0%
1Y
9.5%
SHP
R273.06
Shoprite Holdings
7D
2.6%
1Y
-8.1%

SHP: Future Upside Will Be Driven By Stable Margins And Earnings Multiples

Analysts have nudged their price target on Shoprite Holdings slightly higher to approximately R326.88, reflecting marginally updated assumptions for discount rates, revenue growth, profit margins, and future valuation multiples, while maintaining their broadly positive long term outlook. Valuation Changes Fair Value: Unchanged at approximately ZAR 326.88 per share, indicating no material shift in the core valuation outcome.
TBS
R366.55
Tiger Brands
7D
1.0%
1Y
27.9%

Tiger Brands' (JSE:TBS) Upcoming Dividend Will Be Larger Than Last Year's

Dec 13
Tiger Brands' (JSE:TBS) Upcoming Dividend Will Be Larger Than Last Year's
CLS
R337.63
Clicks Group
7D
0.9%
1Y
-10.1%
QFH
R8.90
Quantum Foods Holdings
7D
-0.3%
1Y
-2.8%
DCP
R34.95
Dis-Chem Pharmacies
7D
2.3%
1Y
-3.2%

Dis-Chem Pharmacies (JSE:DCP) Seems To Use Debt Quite Sensibly

Nov 22
Dis-Chem Pharmacies (JSE:DCP) Seems To Use Debt Quite Sensibly
PIK
R24.67
Pick n Pay Stores
7D
2.2%
1Y
-18.3%

There Are Reasons To Feel Uneasy About Pick n Pay Stores' (JSE:PIK) Returns On Capital

Nov 20
There Are Reasons To Feel Uneasy About Pick n Pay Stores' (JSE:PIK) Returns On Capital
AVI
R105.00
AVI
7D
1.4%
1Y
-2.7%
BOX
R71.34
Boxer Retail
7D
1.0%
1Y
11.5%
BID
R420.78
Bid
7D
2.3%
1Y
-2.8%
SZK
R34.00
SAB Zenzele Kabili Holdings (RF)
7D
-0.1%
1Y
-15.0%