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South African (JSE) Consumer Staples Sector Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies22
  • 7D1.1%
  • 3M-4.9%
  • 1Y-1.4%
  • YTD-5.1%

Shoprite Holdings is up 2.7%, leading the way for the Consumer Staples industry, which has gained 2.0%. The industry has been flat over the past 12 months despite the gain this week. 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, 31 Mar 2026R596.0bR1.1tR36.3b13.1x16.4x0.5x
Thu, 26 Feb 2026R619.5bR1.1tR35.2b12.3x17.6x0.6x
Sat, 24 Jan 2026R618.2bR1.1tR35.2b12.3x17.5x0.6x
Mon, 22 Dec 2025R625.7bR1.1tR35.2b12.6x17.8x0.6x
Wed, 19 Nov 2025R625.6bR1.1tR35.7b12x17.5x0.6x
Fri, 17 Oct 2025R644.4bR1.1tR34.9b11.2x18.5x0.6x
Sun, 14 Sep 2025R633.1bR1.1tR33.0b11.7x19.2x0.6x
Tue, 12 Aug 2025R616.6bR1.1tR31.5b11.7x19.6x0.6x
Thu, 10 Jul 2025R631.6bR1.1tR31.5b11.8x20x0.6x
Sat, 07 Jun 2025R641.5bR1.1tR31.7b12.9x20.3x0.6x
Mon, 05 May 2025R650.6bR1.1tR28.1b12.9x23.2x0.6x
Wed, 02 Apr 2025R617.0bR1.1tR27.9b12.6x22.1x0.6x
Fri, 28 Feb 2025R624.0bR1.1tR28.7b13.9x21.7x0.6x
Sun, 26 Jan 2025R639.1bR1.1tR28.8b14.9x22.2x0.6x
Tue, 24 Dec 2024R659.4bR1.1tR28.8b15.7x22.9x0.6x
Thu, 21 Nov 2024R618.6bR1.0tR26.0b14.4x23.8x0.6x
Sat, 19 Oct 2024R582.0bR905.7bR28.0b15.1x20.8x0.6x
Mon, 16 Sep 2024R584.4bR904.7bR28.4b13.3x20.6x0.6x
Wed, 14 Aug 2024R560.6bR900.0bR27.6b10.8x20.3x0.6x
Fri, 12 Jul 2024R551.2bR900.0bR27.6b10.6x20x0.6x
Sun, 09 Jun 2024R505.5bR880.5bR27.2b10.6x18.6x0.6x
Tue, 07 May 2024R516.7bR989.9bR26.9b10.2x19.2x0.5x
Thu, 04 Apr 2024R521.4bR988.2bR26.7b10.1x19.5x0.5x
Sat, 02 Mar 2024R523.0bR971.1bR26.0b11.5x20.1x0.5x
Mon, 29 Jan 2024R585.4bR1.1tR24.8b14.4x23.6x0.6x
Wed, 27 Dec 2023R571.9bR1.1tR24.8b13.9x23.1x0.5x
Fri, 24 Nov 2023R561.9bR1.1tR26.2b12x21.4x0.5x
Sun, 22 Oct 2023R518.4bR1.0tR28.5b10.3x18.2x0.5x
Tue, 19 Sep 2023R546.8bR1.0tR27.8b12.5x19.7x0.5x
Thu, 17 Aug 2023R552.9bR999.2bR27.0b11.4x20.5x0.6x
Sat, 15 Jul 2023R542.7bR999.2bR27.0b11.4x20.1x0.5x
Mon, 12 Jun 2023R2.0tR976.0bR26.7b11.2x75x2.1x
Wed, 10 May 2023R527.1bR969.5bR27.0b12.6x19.5x0.5x
Fri, 07 Apr 2023R547.6bR960.6bR27.3b12.9x20.1x0.6x
Price to Earnings Ratio

20.1x


Total Market Cap: R547.6bTotal Earnings: R27.3bTotal Revenue: R960.6bTotal 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 16.6x 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 Market1.03%
Consumer Staples1.05%
Food and Staples Retail1.24%
Food0.61%
Personal Products0%0
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 12.6%, 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 5.0x.
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
SHP Shoprite HoldingsR275.112.5%
+R3.6b		0.9%PE19.7x
DCP Dis-Chem PharmaciesR36.858.4%
+R2.4b		21.6%PE25.6x
TBS Tiger BrandsR296.724.3%
+R1.9b		6.8%PE10.9x
BID BidR410.001.3%
+R1.8b		-6.7%PE15.6x
QFH Quantum Foods HoldingsR11.8925.2%
+R485.1m		82.4%PE8.7x

Latest News

QFH
R11.89
Quantum Foods Holdings
7D
25.2%
1Y
82.4%
ARL
R254.61
Astral Foods
7D
2.2%
1Y
56.2%

ARL: Interim Earnings Guidance And Stable Assumptions Will Support Balanced Outlook

Astral Foods' analyst price target has been reaffirmed at ZAR265, with analysts citing consistent assumptions for the discount rate, revenue growth, profit margin and future P/E as the basis for keeping their valuation unchanged. What's in the News Astral Foods issued earnings guidance for the six months ending 31 March 2026, with EPS expected to be at least ZAR 21.95 compared with ZAR 4.72 for HY2025, indicating a substantial increase in earnings on this measure (Key Developments).
LBR
R4.44
Libstar Holdings
7D
-8.5%
1Y
38.8%

LBR: Dividend Initiation And Lower Impairments Will Support Balanced Risk Profile

Analysts have slightly lowered their ZAR price target on Libstar Holdings, reflecting updated expectations for a lower revenue growth rate, a modestly higher projected profit margin, and a nearly steady forward P/E multiple. What's in the News Libstar Holdings announced an annual dividend of ZAR 0.2800 per share, with an ex-date of April 8, 2026, record date of April 10, 2026, and payment date of April 13, 2026 (Key Developments).
BRT
R4.25
Brimstone Investment
7D
-17.5%
1Y
-3.4%
TBS
R296.72
Tiger Brands
7D
4.3%
1Y
6.8%

TBS: Special Dividend And Stable Assumptions Will Define A Balanced Risk Outlook

Analysts kept their ZAR280.00 price target for Tiger Brands unchanged, pointing to relatively steady assumptions around revenue growth, profit margins and future P/E expectations as the key reasons for holding their 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 share, declared on 26 November 2025 (company announcement).
SHP
R275.11
Shoprite Holdings
7D
2.5%
1Y
0.9%

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

Analysts have trimmed their Shoprite Holdings price target from ZAR322.69 to ZAR317.19, as slightly softer assumptions on revenue growth, profit margins and fair value are now partly offset by a marginally higher future P/E estimate and a small adjustment to the discount rate. What's in the News The board declares an interim cash dividend of 307 cents per ordinary share for the 26-week period ended 28 December 2025, with payment scheduled for 30 March 2026 from retained earnings in line with applicable legislation (Key Developments).
SPP
R63.00
SPAR Group
7D
-2.7%
1Y
-46.7%

SPP: Leadership Changes And Margin Recovery Will Drive Future Upside Potential

Analysts have kept their ZAR 81.00 price target for SPAR Group unchanged, indicating that only small adjustments in the discount rate, revenue growth, profit margin and future P/E assumptions have been made, rather than a major shift in their overall view. What's in the News Group CEO Angelo Swartz has resigned effective 28 February 2026 after 19 years at SPAR, with the board highlighting his role in operational stabilization, portfolio simplification and balance sheet strengthening during his tenure (Key Developments).
RFG
R24.89
RFG Holdings
7D
2.6%
1Y
33.8%
BID
R410.00
Bid
7D
1.3%
1Y
-6.7%
RBO
R6.50
Rainbow Chicken
7D
-7.0%
1Y
89.5%
RCL
R8.17
RCL Foods
7D
-6.4%
1Y
-14.9%
PMR
R171.93
Premier Group
7D
1.4%
1Y
33.2%
DCP
R36.85
Dis-Chem Pharmacies
7D
8.4%
1Y
21.6%
OCE
R52.50
Oceana Group
7D
-8.4%
1Y
-9.5%
BOX
R74.69
Boxer Retail
7D
-5.2%
1Y
6.4%
CLS
R288.20
Clicks Group
7D
-0.3%
1Y
-14.9%

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