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South African (JSE) Consumer Staples Sector Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies22
  • 7D-3.7%
  • 3M-5.4%
  • 1Y-2.2%
  • YTD-5.8%

Over the last 7 days, the Consumer Staples industry has dropped 3.7%, driven by pullbacks in Shoprite Holdings and Clicks Group of 3.6% and 6.5%, respectively. Over the last year, the industry has been flat overall. 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
Tue, 10 Mar 2026R591.2bR1.1tR35.3b12.7x16.7x0.5x
Thu, 05 Feb 2026R619.9bR1.1tR35.2b12.5x17.6x0.6x
Sat, 03 Jan 2026R627.9bR1.1tR35.2b12.8x17.8x0.6x
Mon, 01 Dec 2025R627.6bR1.1tR36.1b10.9x17.4x0.6x
Wed, 29 Oct 2025R652.4bR1.1tR35.1b11.4x18.6x0.6x
Fri, 26 Sep 2025R618.1bR1.1tR33.0b11.8x18.7x0.6x
Sun, 24 Aug 2025R641.4bR1.1tR31.5b12.9x20.3x0.6x
Tue, 22 Jul 2025R627.1bR1.1tR31.5b11.4x19.9x0.6x
Thu, 19 Jun 2025R618.0bR1.1tR31.5b12.5x19.6x0.6x
Sat, 17 May 2025R641.6bR1.1tR28.0b12.9x22.9x0.6x
Mon, 14 Apr 2025R597.3bR1.1tR27.9b12.5x21.4x0.6x
Wed, 12 Mar 2025R600.9bR1.1tR29.6b10.7x20.3x0.6x
Fri, 07 Feb 2025R640.5bR1.1tR28.8b14.3x22.3x0.6x
Sun, 05 Jan 2025R652.2bR1.1tR28.8b15.6x22.7x0.6x
Tue, 03 Dec 2024R658.8bR1.0tR27.2b13.9x24.2x0.6x
Thu, 31 Oct 2024R584.6bR909.5bR28.3b15.6x20.7x0.6x
Sat, 28 Sep 2024R601.0bR904.7bR27.6b14.6x21.8x0.7x
Mon, 26 Aug 2024R580.0bR900.0bR27.6b11.4x21x0.6x
Wed, 24 Jul 2024R561.3bR900.0bR27.6b10.3x20.4x0.6x
Fri, 21 Jun 2024R549.8bR886.5bR27.7b10.8x19.9x0.6x
Sun, 19 May 2024R530.4bR989.9bR26.9b10.4x19.7x0.5x
Tue, 16 Apr 2024R502.0bR988.2bR26.7b10.3x18.8x0.5x
Thu, 14 Mar 2024R536.3bR987.7bR26.6b10.9x20.1x0.5x
Sat, 10 Feb 2024R533.9bR949.1bR25.4b12.1x21x0.6x
Mon, 08 Jan 2024R577.0bR1.1tR24.8b14.2x23.3x0.5x
Wed, 06 Dec 2023R566.3bR1.1tR24.8b13.8x22.8x0.5x
Fri, 03 Nov 2023R547.0bR1.1tR27.4b12.5x20x0.5x
Sun, 01 Oct 2023R541.5bR1.0tR28.5b12.4x19x0.5x
Tue, 29 Aug 2023R556.3bR999.2bR27.0b11.2x20.6x0.6x
Thu, 27 Jul 2023R548.3bR999.2bR27.0b11.1x20.3x0.5x
Sat, 24 Jun 2023R531.0bR999.2bR27.2b10.9x19.5x0.5x
Mon, 22 May 2023R510.3bR970.4bR27.0b12x18.9x0.5x
Wed, 19 Apr 2023R542.7bR960.6bR27.3b12.6x19.9x0.6x
Fri, 17 Mar 2023R519.2bR959.3bR26.5b11.9x19.6x0.5x
Price to Earnings Ratio

19.6x


Total Market Cap: R519.2bTotal Earnings: R26.5bTotal Revenue: R959.3bTotal 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 16.7x 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 4.6% 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-7.75%
Consumer Staples-3.69%
Beverage0%0
Personal Products0%0
Food and Staples Retail-3.30%
Food-4.87%
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 13.3%, 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 5.5x.
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 7.0% 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
BOX Boxer RetailR72.422.0%
+R638.3m		7.2%PE23.5x
OCE Oceana GroupR55.473.7%
+R235.9m		-4.7%PE9.9x
QFH Quantum Foods HoldingsR11.0010.0%
+R203.0m		74.6%PE8x
BRT Brimstone InvestmentR6.000%
R132.4k		25.0%PE32.8x

Latest News

BRT
R6.00
Brimstone Investment
7D
0%
1Y
25.0%
SPP
R65.20
SPAR Group
7D
-7.7%
1Y
-48.8%

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.
SHP
R259.00
Shoprite Holdings
7D
-3.6%
1Y
-6.0%
QFH
R11.00
Quantum Foods Holdings
7D
10.0%
1Y
74.6%
BID
R416.71
Bid
7D
-1.7%
1Y
-4.4%
ARL
R258.96
Astral Foods
7D
-8.0%
1Y
60.0%

ARL: New Finance Leadership And Steady Assumptions Will Support Balanced Prospects

Analysts have kept their ZAR265.00 price target on Astral Foods unchanged, reflecting largely steady assumptions on fair value, discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Astral Foods appointed Mr. Henry Enslin CA(SA) as acting CFO for February 2026, with Enslin currently serving as Financial Manager for the Poultry Commercial Division and previously as Financial Director at Albany Bakeries, a division of Tiger Brands (company announcement).
DCP
R34.36
Dis-Chem Pharmacies
7D
-5.5%
1Y
10.9%
OCE
R55.47
Oceana Group
7D
3.7%
1Y
-4.7%
TBS
R296.38
Tiger Brands
7D
-6.7%
1Y
12.8%

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.
BOX
R72.42
Boxer Retail
7D
2.0%
1Y
7.2%
CLS
R295.95
Clicks Group
7D
-6.5%
1Y
-13.6%

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
AVI
R102.93
AVI
7D
-7.7%
1Y
13.8%