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South African (JSE) Consumer Staples Sector Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.1%
  • 3M-4.9%
  • 1Y-3.5%
  • YTD-1.7%

Over the last 7 days, the Consumer Staples industry has dropped 1.1%, driven by Clicks Group declining 8.3%. However, the industry is down 3.5% over the past year. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026R616.9bR1.1tR35.2b12.2x17.5x0.6x
Fri, 26 Dec 2025R623.0bR1.1tR35.2b12.6x17.7x0.6x
Sun, 23 Nov 2025R624.2bR1.1tR36.0b11.1x17.3x0.6x
Tue, 21 Oct 2025R649.2bR1.1tR34.9b11.4x18.6x0.6x
Thu, 18 Sep 2025R636.8bR1.1tR33.0b12x19.3x0.6x
Sat, 16 Aug 2025R629.4bR1.1tR31.5b12.5x20x0.6x
Mon, 14 Jul 2025R620.7bR1.1tR31.5b11.6x19.7x0.6x
Wed, 11 Jun 2025R636.8bR1.1tR31.3b12.6x20.3x0.6x
Fri, 09 May 2025R639.9bR1.1tR28.1b12.6x22.8x0.6x
Sun, 06 Apr 2025R572.8bR1.1tR27.9b11.6x20.5x0.5x
Tue, 04 Mar 2025R619.6bR1.1tR28.7b13.9x21.6x0.6x
Thu, 30 Jan 2025R646.9bR1.1tR28.8b15x22.5x0.6x
Sat, 28 Dec 2024R654.0bR1.1tR28.8b15.6x22.7x0.6x
Mon, 25 Nov 2024R627.8bR1.0tR26.0b15x24.1x0.6x
Wed, 23 Oct 2024R576.6bR905.7bR28.0b15.3x20.6x0.6x
Fri, 20 Sep 2024R594.0bR904.7bR28.4b13.3x20.9x0.7x
Sun, 18 Aug 2024R574.4bR900.0bR27.6b10.5x20.8x0.6x
Tue, 16 Jul 2024R560.7bR900.0bR27.6b10.7x20.3x0.6x
Thu, 13 Jun 2024R503.2bR880.4bR27.4b10.1x18.4x0.6x
Sat, 11 May 2024R525.7bR989.9bR26.9b10.4x19.6x0.5x
Mon, 08 Apr 2024R517.8bR988.2bR26.7b10.1x19.4x0.5x
Wed, 06 Mar 2024R523.3bR988.0bR26.7b10.7x19.6x0.5x
Fri, 02 Feb 2024R597.9bR1.1tR24.8b14x24.1x0.6x
Sun, 31 Dec 2023R588.4bR1.1tR24.8b14x23.7x0.6x
Tue, 28 Nov 2023R563.5bR1.1tR26.3b12.1x21.4x0.5x
Thu, 26 Oct 2023R525.1bR1.0tR27.4b12x19.1x0.5x
Sat, 23 Sep 2023R538.2bR1.0tR27.8b12.1x19.4x0.5x
Mon, 21 Aug 2023R542.8bR999.2bR27.0b11.4x20.1x0.5x
Wed, 19 Jul 2023R541.7bR999.2bR27.0b11.2x20.1x0.5x
Fri, 16 Jun 2023R542.4bR993.9bR27.5b10.6x19.7x0.5x
Sun, 14 May 2023R519.5bR969.5bR27.0b12.2x19.2x0.5x
Tue, 11 Apr 2023R547.6bR960.6bR27.3b12.9x20.1x0.6x
Thu, 09 Mar 2023R542.6bR958.0bR26.8b12.7x20.2x0.6x
Sat, 04 Feb 2023R553.4bR922.4bR25.3b12.6x21.8x0.6x
Price to Earnings Ratio

21.8x


Total Market Cap: R553.4bTotal Earnings: R25.3bTotal Revenue: R922.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Consumer Staples Sector Price to Earnings3Y Average 20.6x202420252026
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 17.5x which is lower than its 3-year average PE of 20.6x.
  • 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 Market3.00%
Consumer Staples-1.13%
Food0.31%
Beverage0.059%
Personal Products0%0
Food and Staples Retail-1.62%
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 24.0x.
    • Analysts are expecting annual earnings growth of 14.5%, 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 6.6x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 2.0% per year.
  • In contrast, the Food industry is expected to see its earnings grow by 8.7% 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 RetailR74.004.2%
+R1.3b		11.6%PE24x
BID BidR406.020.2%
+R268.8m		-12.3%PE16.7x
QFH Quantum Foods HoldingsR9.9413.9%
+R245.6m		36.2%PE7.2x
ARL Astral FoodsR272.772.0%
+R207.7m		52.9%PE12x
PMR Premier GroupR181.250.7%
+R165.0m		46.2%PE17.2x

Latest News

CLS
R319.70
Clicks Group
7D
-7.7%
1Y
-11.1%
OCE
R54.29
Oceana Group
7D
-9.3%
1Y
-19.5%
AVI
R106.88
AVI
7D
-2.3%
1Y
4.1%
QFH
R9.94
Quantum Foods Holdings
7D
13.9%
1Y
36.2%
SHP
R266.80
Shoprite Holdings
7D
-0.5%
1Y
-8.6%

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

Analysts have trimmed their price target on Shoprite Holdings slightly to R329.13 from R329.75, citing small updates in discount rate, revenue growth, profit margin and future P/E assumptions rather than any major shift in the core outlook. Valuation Changes Fair Value: Trimmed slightly to ZAR329.13 from ZAR329.75.
SPP
R91.83
SPAR Group
7D
-0.9%
1Y
-34.5%

SPP: Higher Discount Rate Will Still Support Attractive Long Term Returns

Analysts have adjusted their price target on SPAR Group to $145.50 from $171.00, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News SPAR Group issued earnings guidance for the 52 weeks ending 26 September 2025, giving investors a fresh reference point for its expected performance over that period (company guidance).
TBS
R337.50
Tiger Brands
7D
-4.0%
1Y
20.5%

TBS: Special Dividend And Buybacks Will Temper Uncertain Future Earnings Outlook

Analysts have lifted their price target for Tiger Brands from R310.33 to R350.75, citing updated assumptions for revenue growth of 5.08%, a profit margin of 9.90% and a lower future P/E of 19.77, while holding the discount rate steady at 16.73%. What's in the News Tiger Brands declared a gross special dividend of 2,710.00 cents per ordinary share, with a net amount of 2,168.00 cents per share, subject to approval by the South African Reserve Bank.
DCP
R35.40
Dis-Chem Pharmacies
7D
-1.2%
1Y
2.3%
ARL
R272.77
Astral Foods
7D
2.0%
1Y
52.9%
RFG
R24.42
RFG Holdings
7D
-2.3%
1Y
22.0%
PMR
R181.25
Premier Group
7D
0.7%
1Y
46.2%
BOX
R74.00
Boxer Retail
7D
4.2%
1Y
11.6%

Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns

Jan 13
Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns
BRT
R5.29
Brimstone Investment
7D
10.2%
1Y
3.7%
RBO
R5.75
Rainbow Chicken
7D
0.7%
1Y
49.4%
RCL
R10.00
RCL Foods
7D
0.8%
1Y
5.8%
BID
R406.02
Bid
7D
0.2%
1Y
-12.3%