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South African (JSE) Consumer Staples Sector Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies22
  • 7D-0.5%
  • 3M-5.4%
  • 1Y-1.6%
  • YTD-6.1%

The Consumer Staples is pretty flat in the last 7 days, but Boxer Retail has stood out, gaining 10%. Furthermore, the industry has been flat for the past year as well. 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
Tue, 24 Mar 2026R589.3bR1.1tR36.2b13.2x16.3x0.5x
Thu, 19 Feb 2026R631.9bR1.1tR35.2b12.3x17.9x0.6x
Sat, 17 Jan 2026R629.8bR1.1tR35.2b12.1x17.9x0.6x
Mon, 15 Dec 2025R613.3bR1.1tR35.2b12.5x17.4x0.6x
Wed, 12 Nov 2025R630.3bR1.1tR35.6b11.9x17.7x0.6x
Fri, 10 Oct 2025R629.2bR1.1tR34.9b10.2x18.1x0.6x
Sun, 07 Sep 2025R622.6bR1.1tR33.0b11.9x18.9x0.6x
Tue, 05 Aug 2025R618.1bR1.1tR31.5b11.5x19.6x0.6x
Thu, 03 Jul 2025R633.4bR1.1tR31.5b12x20.1x0.6x
Sat, 31 May 2025R655.0bR1.1tR31.7b13x20.6x0.6x
Mon, 28 Apr 2025R634.4bR1.1tR28.1b12.5x22.6x0.6x
Wed, 26 Mar 2025R606.1bR1.1tR29.0b12.5x20.9x0.6x
Fri, 21 Feb 2025R630.5bR1.1tR28.8b14x21.9x0.6x
Sun, 19 Jan 2025R654.7bR1.1tR28.8b15.2x22.7x0.6x
Tue, 17 Dec 2024R671.8bR1.1tR28.8b15.3x23.3x0.6x
Thu, 14 Nov 2024R620.2bR1.0tR25.0b15x24.8x0.6x
Sat, 12 Oct 2024R589.4bR905.7bR28.0b15.6x21x0.7x
Mon, 09 Sep 2024R579.1bR904.0bR28.1b12.1x20.6x0.6x
Wed, 07 Aug 2024R557.9bR900.0bR27.6b10.1x20.2x0.6x
Fri, 05 Jul 2024R556.7bR886.6bR27.8b10.6x20x0.6x
Sun, 02 Jun 2024R498.9bR878.2bR27.2b10x18.3x0.6x
Tue, 30 Apr 2024R512.5bR989.9bR26.9b10.4x19.1x0.5x
Thu, 28 Mar 2024R523.8bR988.1bR27.0b9.9x19.4x0.5x
Sat, 24 Feb 2024R532.6bR971.1bR26.0b11.5x20.5x0.5x
Mon, 22 Jan 2024R580.1bR1.1tR24.8b14.2x23.4x0.5x
Wed, 20 Dec 2023R562.9bR1.1tR24.8b13.8x22.7x0.5x
Fri, 17 Nov 2023R557.7bR1.1tR27.3b12.7x20.4x0.5x
Sun, 15 Oct 2023R532.8bR1.0tR28.5b12.3x18.7x0.5x
Tue, 12 Sep 2023R559.9bR1.0tR27.9b12.4x20.1x0.5x
Thu, 10 Aug 2023R559.1bR999.2bR27.0b11.3x20.7x0.6x
Sat, 08 Jul 2023R526.7bR999.2bR27.0b11.4x19.5x0.5x
Mon, 05 Jun 2023R505.0bR974.5bR26.5b11.2x19.1x0.5x
Wed, 03 May 2023R543.7bR961.1bR27.2b12.7x20x0.6x
Fri, 31 Mar 2023R535.5bR960.7bR27.3b12.9x19.6x0.6x
Price to Earnings Ratio

19.6x


Total Market Cap: R535.5bTotal Earnings: R27.3bTotal Revenue: R960.7bTotal 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 16.3x 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 9.9% 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-4.70%
Consumer Staples-0.52%
Food and Staples Retail0.19%
Beverage0%0
Personal Products0%0
Food-2.65%
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 12.8%, 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 5.2x.
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
BOX Boxer RetailR78.7510.2%
+R3.3b		10.1%PE25.6x
PIK Pick n Pay StoresR18.973.1%
+R417.5m		-32.5%PS0.1x
OCE Oceana GroupR57.293.8%
+R249.1m		2.0%PE10.2x
LBR Libstar HoldingsR4.858.0%
+R188.2m		48.3%PE32x
RBO Rainbow ChickenR6.990.9%
+R53.9m		125.5%PE6.8x

Latest News

TBS
R284.40
Tiger Brands
7D
-3.5%
1Y
7.5%
LBR
R4.85
Libstar Holdings
7D
8.0%
1Y
48.3%
SHP
R268.50
Shoprite Holdings
7D
-0.3%
1Y
-0.5%
BID
R404.61
Bid
7D
-0.9%
1Y
-6.6%
RBO
R6.99
Rainbow Chicken
7D
0.9%
1Y
125.5%
ARL
R249.25
Astral Foods
7D
-4.3%
1Y
55.4%

ARL: Internal Finance Appointment And Unchanged Assumptions Will Support Balanced Outlook

Analysts have maintained their ZAR265.00 price target for Astral Foods, indicating that their current assumptions on discount rate, revenue growth, profit margin and future P/E are effectively unchanged. What's in the News Astral Foods appointed Mr. Henry Enslin CA(SA) as acting CFO for February 2026, with the role specified as not being a board directorship.
AVI
R102.48
AVI
7D
-2.2%
1Y
14.1%

AVI: Higher Margin Outlook Will Support Stronger Intrinsic Upside

The latest update lifts analysts' fair value estimate for AVI from ZAR107.60 to ZAR121.20. This reflects refreshed assumptions around discount rates, revenue growth, profit margins and a slightly lower future P/E multiple.
PIK
R18.97
Pick n Pay Stores
7D
3.1%
1Y
-32.5%

PIK: Steady Fair Value And Turnaround Plan Will Support Future Upside Potential

Analysts have kept their ZAR fair value estimate for Pick n Pay Stores steady at ZAR27.67, with small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. This indicates only fine tuning to their price target rationale rather than a change in conviction.
RCL
R8.73
RCL Foods
7D
-5.1%
1Y
-9.1%
PMR
R169.50
Premier Group
7D
-3.0%
1Y
34.4%
DCP
R34.01
Dis-Chem Pharmacies
7D
0.03%
1Y
11.2%
OCE
R57.29
Oceana Group
7D
3.8%
1Y
2.0%
BOX
R78.75
Boxer Retail
7D
10.2%
1Y
10.1%
CLS
R289.14
Clicks Group
7D
-1.5%
1Y
-13.2%

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