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South African (JSE) Consumer Staples Sector Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.3%
  • 3M-5.3%
  • 1Y-2.1%
  • YTD-1.5%

Over the last 7 days, the Consumer Staples industry has dropped 1.9%, driven by a pullback from Clicks Group of 9.2%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, 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
Mon, 26 Jan 2026R618.2bR1.1tR35.2b12.3x17.5x0.6x
Wed, 24 Dec 2025R622.8bR1.1tR35.2b12.6x17.7x0.6x
Fri, 21 Nov 2025R633.0bR1.1tR36.0b11x17.6x0.6x
Sun, 19 Oct 2025R642.6bR1.1tR34.9b11.3x18.4x0.6x
Tue, 16 Sep 2025R630.7bR1.1tR33.0b11.7x19.1x0.6x
Thu, 14 Aug 2025R628.8bR1.1tR31.5b12.2x19.9x0.6x
Sat, 12 Jul 2025R630.8bR1.1tR31.5b11.8x20x0.6x
Mon, 09 Jun 2025R641.5bR1.1tR31.7b12.9x20.3x0.6x
Wed, 07 May 2025R641.8bR1.1tR28.1b13x22.9x0.6x
Fri, 04 Apr 2025R582.5bR1.1tR27.9b11.8x20.9x0.5x
Sun, 02 Mar 2025R618.6bR1.1tR28.7b14x21.5x0.6x
Tue, 28 Jan 2025R639.1bR1.1tR28.8b14.8x22.2x0.6x
Thu, 26 Dec 2024R657.8bR1.1tR28.8b15.6x22.9x0.6x
Sat, 23 Nov 2024R627.8bR1.0tR26.0b15x24.1x0.6x
Mon, 21 Oct 2024R582.0bR905.7bR28.0b15.1x20.8x0.6x
Wed, 18 Sep 2024R587.0bR888.8bR26.1b13.1x22.5x0.7x
Fri, 16 Aug 2024R566.7bR900.0bR27.6b10.5x20.6x0.6x
Sun, 14 Jul 2024R553.2bR900.0bR27.6b10.7x20.1x0.6x
Tue, 11 Jun 2024R505.5bR880.3bR27.3b10.1x18.5x0.6x
Thu, 09 May 2024R525.9bR989.9bR26.9b10x19.6x0.5x
Sat, 06 Apr 2024R517.8bR988.2bR26.7b10.1x19.4x0.5x
Mon, 04 Mar 2024R523.0bR971.1bR26.0b11.5x20.1x0.5x
Wed, 31 Jan 2024R587.7bR1.1tR24.8b14.4x23.7x0.6x
Fri, 29 Dec 2023R584.0bR1.1tR24.8b14x23.5x0.5x
Sun, 26 Nov 2023R563.7bR1.1tR26.3b12.2x21.4x0.5x
Tue, 24 Oct 2023R523.2bR1.0tR28.5b11.1x18.4x0.5x
Thu, 21 Sep 2023R548.6bR1.0tR27.8b12.6x19.8x0.5x
Sat, 19 Aug 2023R542.8bR999.2bR27.0b11.4x20.1x0.5x
Mon, 17 Jul 2023R542.7bR999.2bR27.0b11.4x20.1x0.5x
Wed, 14 Jun 2023R537.5bR993.9bR27.5b10.4x19.5x0.5x
Fri, 12 May 2023R513.1bR969.5bR27.0b12x19x0.5x
Sun, 09 Apr 2023R547.6bR960.6bR27.3b12.9x20.1x0.6x
Tue, 07 Mar 2023R552.1bR939.2bR26.4b13x20.9x0.6x
Thu, 02 Feb 2023R550.9bR922.4bR25.3b12.6x21.7x0.6x
Price to Earnings Ratio

21.7x


Total Market Cap: R550.9bTotal 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 Market2.15%
Consumer Staples-1.28%
Food0.98%
Beverage0.059%
Personal Products0%0
Food and Staples Retail-2.04%
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 6.7x.
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 8.8% 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 RetailR73.912.7%
+R882.7m		14.1%PE24x
ARL Astral FoodsR271.684.4%
+R439.6m		56.2%PE11.9x
AVI AVIR108.791.0%
+R348.8m		6.6%PE14.9x
OCE Oceana GroupR61.003.9%
+R276.6m		-9.8%PE10.8x
DCP Dis-Chem PharmaciesR35.860.8%
+R257.1m		6.6%PE24.9x

Latest News

CLS
R314.70
Clicks Group
7D
-10.5%
1Y
-7.1%

Increases to Clicks Group Limited's (JSE:CLS) CEO Compensation Might Cool off for now

Jan 23
Increases to Clicks Group Limited's (JSE:CLS) CEO Compensation Might Cool off for now
DCP
R35.86
Dis-Chem Pharmacies
7D
0.8%
1Y
6.6%
ARL
R271.68
Astral Foods
7D
4.4%
1Y
56.2%
PMR
R181.77
Premier Group
7D
1.0%
1Y
47.2%
BOX
R73.91
Boxer Retail
7D
2.7%
1Y
14.1%

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

Jan 13
Boxer Retail (JSE:BOX) Looks To Prolong Its Impressive Returns
SPP
R92.27
SPAR Group
7D
-0.5%
1Y
-32.9%

SPP: Earnings Guidance Range Will Shape Risk Profile And Margin Expectations

Analysts have kept their fair value estimate for SPAR Group unchanged at $104.00. Only minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions were made to support this same price target.
SHP
R268.63
Shoprite Holdings
7D
-0.7%
1Y
-6.5%

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

Analysts have nudged their fair value estimate for Shoprite Holdings up from R326.88 to R329.75, citing small adjustments in the discount rate, revenue growth, profit margin and future P/E assumptions as the key drivers of this revised target. Valuation Changes Fair Value: Adjusted from ZAR326.88 to ZAR329.75, a small upward change in the estimated intrinsic value.
OCE
R61.00
Oceana Group
7D
3.9%
1Y
-9.8%
KAL
R49.80
KAL Group
7D
-0.4%
1Y
-0.4%

KAL Group's (JSE:KAL) Shareholders Will Receive A Bigger Dividend Than Last Year

Dec 18
KAL Group's (JSE:KAL) Shareholders Will Receive A Bigger Dividend Than Last Year
SHG
R9.10
Sea Harvest Group
7D
-3.4%
1Y
14.0%
RBO
R5.78
Rainbow Chicken
7D
2.8%
1Y
54.1%
PIK
R24.60
Pick n Pay Stores
7D
1.0%
1Y
-15.7%

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
RCL
R9.92
RCL Foods
7D
-1.6%
1Y
2.2%
AVI
R108.79
AVI
7D
1.0%
1Y
6.6%
BID
R404.36
Bid
7D
-0.8%
1Y
-11.9%