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South African (JSE) Food and Staples Retail Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies8
  • 7D0.6%
  • 3M-3.0%
  • 1Y-11.4%
  • YTD-3.9%

The Food and Staples Retail industry is up 1.4% in the last week, with Shoprite Holdings up 2.0%. In contrast, the industry has lost 10% in the last 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the South African Food and Staples Retail Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026R450.1bR917.5bR23.1b18.6x19.5x0.5x
Mon, 06 Apr 2026R450.1bR915.8bR23.0b19.7x19.5x0.5x
Wed, 04 Mar 2026R440.0bR906.6bR22.9b18.8x19.2x0.5x
Fri, 30 Jan 2026R459.4bR898.2bR22.3b20.8x20.6x0.5x
Sun, 28 Dec 2025R465.2bR898.2bR22.3b22x20.9x0.5x
Tue, 25 Nov 2025R472.5bR918.0bR23.0b20x20.6x0.5x
Thu, 23 Oct 2025R509.0bR912.4bR22.4b21.3x22.8x0.6x
Sat, 20 Sep 2025R494.0bR909.7bR22.3b20.9x22.1x0.5x
Mon, 18 Aug 2025R493.0bR903.4bR21.6b21x22.8x0.5x
Wed, 16 Jul 2025R482.0bR903.4bR21.6b21.1x22.3x0.5x
Fri, 13 Jun 2025R493.1bR903.4bR21.6b21x22.8x0.5x
Sun, 11 May 2025R509.8bR896.3bR18.9b21.5x26.9x0.6x
Tue, 08 Apr 2025R456.5bR896.2bR18.8b19.9x24.3x0.5x
Thu, 06 Mar 2025R479.4bR896.2bR18.8b21.2x25.5x0.5x
Sat, 01 Feb 2025R510.9bR880.8bR18.5b20.4x27.6x0.6x
Mon, 30 Dec 2024R513.3bR880.8bR18.5b20.4x27.7x0.6x
Wed, 27 Nov 2024R493.8bR844.6bR15.8b28.1x31.2x0.6x
Fri, 25 Oct 2024R446.8bR725.7bR19.2b27.5x23.3x0.6x
Sun, 22 Sep 2024R466.1bR723.6bR19.0b28.6x24.5x0.6x
Tue, 20 Aug 2024R458.2bR705.2bR18.4b28.9x25x0.6x
Thu, 18 Jul 2024R433.1bR705.2bR18.4b26.5x23.6x0.6x
Sat, 15 Jun 2024R406.5bR699.5bR18.4b25x22.1x0.6x
Mon, 13 May 2024R418.7bR809.0bR18.5b27.3x22.7x0.5x
Wed, 10 Apr 2024R409.6bR807.2bR18.3b27.9x22.3x0.5x
Fri, 08 Mar 2024R430.0bR807.2bR18.3b29.4x23.4x0.5x
Sun, 04 Feb 2024R451.8bR848.7bR15.9b28.4x28.5x0.5x
Tue, 02 Jan 2024R446.8bR848.7bR15.9b29.3x28.2x0.5x
Thu, 30 Nov 2023R423.9bR840.3bR17.3b22.4x24.5x0.5x
Sat, 28 Oct 2023R396.4bR837.0bR17.4b20.4x22.8x0.5x
Mon, 25 Sep 2023R407.6bR832.4bR18.4b20.1x22.1x0.5x
Wed, 23 Aug 2023R413.2bR787.7bR17.4b21.1x23.8x0.5x
Fri, 21 Jul 2023R405.0bR787.7bR17.4b19.6x23.3x0.5x
Sun, 18 Jun 2023R408.6bR787.7bR17.4b19.9x23.5x0.5x
Tue, 16 May 2023R387.5bR781.5bR17.7b17.7x21.8x0.5x
Price to Earnings Ratio

21.8x


Total Market Cap: R387.5bTotal Earnings: R17.7bTotal Revenue: R781.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food and Staples Retail Industry Price to Earnings3Y Average 23.7x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Consumer Retailing 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 19.6x which is lower than its 3-year average PE of 23.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
  • The earnings for companies in the Consumer Retailing industry have grown 9.2% per year over the last three years.
  • Revenues for these companies have grown 5.5% 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 industry?

ZA Market1.58%
Consumer Staples0.28%
Food and Staples Retail0.55%
Food Retail1.24%
Food Distributors0.013%
Big Box Super Stores0%0
Drug Retail-0.092%
Industry PE
  • Investors are most optimistic about the Food Retail industry even though it's trading below its 3-year average PE ratio of 26.3x.
    • Analysts are expecting annual earnings growth of 16.6%, which is higher than its past year's earnings growth of 1.9% per year.
  • Investors are most pessimistic about the Food Distributors industry, which is trading below its 3-year average of 19.3x.
Forecasted Growth
  • Analysts are most optimistic on the Food Retail industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings growth rate of 1.9% per year.
  • In contrast, the Food Distributors industry is expected to see its earnings grow by 7.9% 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
SHP Shoprite HoldingsR286.402.0%
+R3.0b		1.1%PE20.5x
CLS Clicks GroupR264.290.6%
+R360.1m		-32.3%PE18.6x
BID BidR408.360.2%
+R252.0m		-13.9%PE15.6x
KAL KAL GroupR46.500.2%
+R4.9m		16.5%PE8.2x

Latest News

SPP
R63.40
SPAR Group
7D
-1.9%
1Y
-46.5%
Narrative Update • May 06

SPP: Leadership Transition And Governance Focus Will Support Future Share Price Rebound

Analysts have trimmed their price target for SPAR Group from ZAR107.09 to ZAR103.34, citing small adjustments to fair value inputs such as the discount rate, revenue growth expectations, profit margin assumptions and the future P/E multiple. What's in the News Group CEO Angelo Swartz has resigned, with his role ending on 28 February 2026 after 19 years at SPAR Group.
BID
R408.36
Bid
7D
0.2%
1Y
-13.9%
Narrative Update • Apr 30

BID: JPMorgan Upgrade And Cash Dividend Timeline Will Support Future Upside

Analysts have raised their ZAR price target for Bid, citing updated assumptions that keep fair value around ZAR 481 while slightly adjusting the discount rate, revenue growth, profit margin and future P/E expectations to reflect the latest JPMorgan upgrade and supporting research. Analyst Commentary Analyst reactions to the latest ZAR 481 fair value update for Bid center on how realistic the new assumptions are for revenue growth, profit margin and future P/E, especially in light of the recent JPMorgan upgrade.
CLS
R264.29
Clicks Group
7D
0.6%
1Y
-32.3%
Narrative Update • Apr 29

CLS: Dividend And Buyback Actions Will Support Future Upside Potential

Analysts have trimmed their price target for Clicks Group from ZAR410.00 to about ZAR382.25, reflecting updated assumptions around revenue growth, margins, and a lower future P/E multiple. What's in the News Clicks Group has approved an interim gross ordinary dividend of 258.0 cents per share for the period ended 28 February 2026.
KAL
R46.50
KAL Group
7D
0.2%
1Y
16.5%
PIK
R19.09
Pick n Pay Stores
7D
-3.1%
1Y
-31.3%
Narrative Update • Apr 24

PIK: Stable Margins And Refined Assumptions Will Support Future Upside

Analysts have reduced their fair value estimate for Pick n Pay Stores from ZAR27.06 to ZAR26.31, reflecting slightly revised assumptions for the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: Reduced slightly from ZAR27.06 to ZAR26.31.
DCP
R35.98
Dis-Chem Pharmacies
7D
-1.4%
1Y
10.7%
Analysis Article • Apr 07

Here's Why We Think Dis-Chem Pharmacies (JSE:DCP) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
SHP
R286.40
Shoprite Holdings
7D
2.0%
1Y
1.1%
Narrative Update • Mar 25

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).
BOX
R79.50
Boxer Retail
7D
-0.2%
1Y
18.0%