Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Consumer Staples Sector Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies22
  • 7D-3.1%
  • 3M-5.8%
  • 1Y-2.4%
  • YTD-5.7%

Over the last 7 days, the Consumer Staples industry has dropped 1.9%, driven by a pullback from Clicks Group of 3.3%. Over the last year, the industry has been flat overall. 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
Sat, 07 Mar 2026R591.7bR1.1tR35.3b13x16.7x0.5x
Mon, 02 Feb 2026R616.3bR1.1tR35.2b12.2x17.5x0.6x
Wed, 31 Dec 2025R626.5bR1.1tR35.2b12.6x17.8x0.6x
Fri, 28 Nov 2025R628.6bR1.1tR35.9b10.9x17.5x0.6x
Sun, 26 Oct 2025R651.9bR1.1tR35.1b11.5x18.6x0.6x
Tue, 23 Sep 2025R628.6bR1.1tR33.0b11.9x19x0.6x
Thu, 21 Aug 2025R634.3bR1.1tR31.5b12.4x20.1x0.6x
Sat, 19 Jul 2025R627.1bR1.1tR31.5b11.6x19.9x0.6x
Mon, 16 Jun 2025R615.1bR1.1tR31.5b12.6x19.5x0.6x
Wed, 14 May 2025R637.3bR1.1tR28.0b12.8x22.8x0.6x
Fri, 11 Apr 2025R598.0bR1.1tR27.9b12.5x21.4x0.6x
Sun, 09 Mar 2025R608.6bR1.1tR29.4b11.8x20.7x0.6x
Tue, 04 Feb 2025R644.5bR1.1tR28.8b14.5x22.4x0.6x
Thu, 02 Jan 2025R649.7bR1.1tR28.8b15.7x22.6x0.6x
Sat, 30 Nov 2024R652.4bR1.0tR27.1b14.8x24.1x0.6x
Mon, 28 Oct 2024R574.1bR909.5bR28.3b15.7x20.3x0.6x
Wed, 25 Sep 2024R599.2bR904.7bR27.6b14.6x21.7x0.7x
Fri, 23 Aug 2024R573.5bR900.0bR27.6b11.3x20.8x0.6x
Sun, 21 Jul 2024R555.5bR900.0bR27.6b10.5x20.1x0.6x
Tue, 18 Jun 2024R514.8bR886.5bR27.7b10.4x18.6x0.6x
Thu, 16 May 2024R530.7bR989.9bR26.9b10.2x19.7x0.5x
Sat, 13 Apr 2024R505.9bR988.2bR26.7b10.1x18.9x0.5x
Mon, 11 Mar 2024R536.4bR987.7bR26.6b10.9x20.1x0.5x
Wed, 07 Feb 2024R544.7bR949.1bR25.4b12x21.4x0.6x
Fri, 05 Jan 2024R573.3bR1.1tR24.8b13.9x23.1x0.5x
Sun, 03 Dec 2023R554.4bR1.1tR26.2b12.2x21.2x0.5x
Tue, 31 Oct 2023R531.9bR1.1tR27.4b11.7x19.4x0.5x
Thu, 28 Sep 2023R536.7bR1.0tR28.5b10.8x18.9x0.5x
Sat, 26 Aug 2023R553.6bR999.2bR27.0b11.4x20.5x0.6x
Mon, 24 Jul 2023R541.0bR999.2bR27.0b11.1x20.1x0.5x
Wed, 21 Jun 2023R533.5bR999.2bR27.2b11x19.6x0.5x
Fri, 19 May 2023R509.8bR969.5bR27.0b11.9x18.9x0.5x
Sun, 16 Apr 2023R547.2bR960.6bR27.3b12.9x20.1x0.6x
Tue, 14 Mar 2023R528.6bR959.3bR26.5b12.2x19.9x0.6x
Price to Earnings Ratio

19.9x


Total Market Cap: R528.6bTotal 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 17.0x 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-8.99%
Consumer Staples-3.15%
Beverage0%0
Personal Products0%0
Food and Staples Retail-2.63%
Food-4.69%
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 13.2%, 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 5.6x.
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 6.9% 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 RetailR73.193.5%
+R1.1b		5.7%PE23.8x
RCL RCL FoodsR9.083.8%
+R296.1m		-9.2%PE7.5x
OCE Oceana GroupR55.503.8%
+R241.9m		-5.6%PE9.9x
QFH Quantum Foods HoldingsR11.0010.0%
+R203.0m		74.6%PE8x

Latest News

SHP
R257.57
Shoprite Holdings
7D
-2.6%
1Y
-6.3%
QFH
R11.00
Quantum Foods Holdings
7D
10.0%
1Y
74.6%
RCL
R9.08
RCL Foods
7D
3.8%
1Y
-9.2%
PMR
R170.72
Premier Group
7D
-5.3%
1Y
44.0%
PIK
R18.78
Pick n Pay Stores
7D
-3.4%
1Y
-32.9%

PIK: Finance Succession And Turnaround Plan Will Support Future Upside Potential

Analysts have trimmed their price target for Pick n Pay Stores from ZAR29.49 to ZAR27.67, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Group CFO Lerena Olivier is set to step down from the CFO role at the conclusion of the 2026 AGM in August 2026, as part of long term succession planning after joining Pick n Pay in 2011 and serving as CFO since 2019 (company announcement).
SPP
R63.73
SPAR Group
7D
-8.7%
1Y
-49.8%
DCP
R34.62
Dis-Chem Pharmacies
7D
-6.4%
1Y
10.5%
OCE
R55.50
Oceana Group
7D
3.8%
1Y
-5.6%
TBS
R298.52
Tiger Brands
7D
-6.1%
1Y
12.1%

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
R73.19
Boxer Retail
7D
3.5%
1Y
5.7%
CLS
R296.74
Clicks Group
7D
-6.7%
1Y
-12.3%

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
R103.98
AVI
7D
-7.4%
1Y
9.4%