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South African (JSE) Food and Staples Retail Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies8
  • 7D-3.7%
  • 3M-5.0%
  • 1Y-8.8%
  • YTD-6.5%

Over the last 7 days, the Food and Staples Retail industry has dropped 3.7%, driven by pullbacks in Bid and Shoprite Holdings of 4.0% and 3.3%, respectively. On the other hand KAL Group is actually up 5.1%. Overall the industry is down 8.8% in 12 months. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Sep 2025R475.7bR909.7bR22.3b20.2x21.3x0.5x
Tue, 26 Aug 2025R496.5bR903.4bR21.6b21x23x0.5x
Thu, 24 Jul 2025R485.6bR903.4bR21.6b21.2x22.5x0.5x
Sat, 21 Jun 2025R489.1bR903.4bR21.6b21.6x22.6x0.5x
Mon, 19 May 2025R506.1bR899.2bR18.9b20.9x26.8x0.6x
Wed, 16 Apr 2025R490.7bR896.2bR18.8b21.3x26.1x0.5x
Fri, 14 Mar 2025R473.3bR896.2bR18.8b21x25.2x0.5x
Sun, 09 Feb 2025R509.5bR880.8bR18.5b20.8x27.5x0.6x
Tue, 07 Jan 2025R511.0bR880.8bR18.5b20.2x27.6x0.6x
Thu, 05 Dec 2024R532.2bR880.8bR18.5b21x28.8x0.6x
Sat, 02 Nov 2024R476.7bR844.6bR15.8b27.5x30.1x0.6x
Mon, 30 Sep 2024R471.6bR723.6bR19.0b29.1x24.8x0.7x
Wed, 28 Aug 2024R456.5bR705.2bR18.4b28.9x24.9x0.6x
Fri, 26 Jul 2024R448.4bR705.2bR18.4b27.6x24.4x0.6x
Sun, 23 Jun 2024R436.7bR705.2bR18.4b27.3x23.8x0.6x
Tue, 21 May 2024R422.2bR809.0bR18.5b27.3x22.9x0.5x
Thu, 18 Apr 2024R386.4bR807.2bR18.3b26.3x21.1x0.5x
Sat, 16 Mar 2024R418.5bR807.2bR18.3b28.4x22.8x0.5x
Mon, 12 Feb 2024R428.9bR770.4bR17.6b28.7x24.4x0.6x
Wed, 10 Jan 2024R438.3bR848.7bR15.9b28.2x27.6x0.5x
Fri, 08 Dec 2023R422.2bR848.7bR15.9b28.1x26.6x0.5x
Sun, 05 Nov 2023R414.0bR838.5bR17.3b21.7x24x0.5x
Tue, 03 Oct 2023R409.9bR832.4bR18.4b20.3x22.2x0.5x
Thu, 31 Aug 2023R429.8bR787.7bR17.4b20.8x24.8x0.5x
Sat, 29 Jul 2023R425.2bR787.7bR17.4b22.1x24.5x0.5x
Mon, 26 Jun 2023R399.1bR787.7bR17.4b19.6x23x0.5x
Wed, 24 May 2023R376.1bR782.4bR17.7b17.3x21.2x0.5x
Fri, 21 Apr 2023R407.0bR772.7bR18.0b19.2x22.6x0.5x
Sun, 19 Mar 2023R389.5bR772.7bR18.0b18.7x21.6x0.5x
Tue, 14 Feb 2023R414.4bR737.3bR16.4b22x25.3x0.6x
Thu, 12 Jan 2023R409.3bR737.3bR16.4b22.6x25x0.6x
Sat, 10 Dec 2022R413.1bR737.3bR16.4b22.6x25.2x0.6x
Mon, 07 Nov 2022R402.8bR729.4bR16.5b20.6x24.5x0.6x
Wed, 05 Oct 2022R384.2bR721.9bR15.6b20.7x24.6x0.5x
Price to Earnings Ratio

24.6x


Total Market Cap: R384.2bTotal Earnings: R15.6bTotal Revenue: R721.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food and Staples Retail Industry Price to Earnings3Y Average 24.4x202320242025
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 21.3x which is lower than its 3-year average PE of 24.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.55x.
Past Earnings Growth
  • The earnings for companies in the Consumer Retailing industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 8.0% 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 Market0.17%
Consumer Staples-3.69%
Food and Staples Retail-3.71%
Big Box Super Stores0%0
Drug Retail-3.12%
Food Distributors-3.71%
Food Retail-4.06%
Industry PE
  • Investors are most optimistic about the Drug Retail industry, which is trading close to its 3-year average PE ratio of 27.7x.
    • Analysts are expecting annual earnings growth of 12.3%, which is lower than the prior year's growth of 16.4% per year.
  • Investors are most pessimistic about the Food Distributors industry, which is trading below its 3-year average of 19.9x.
Forecasted Growth
  • Analysts are most optimistic on the Food Retail industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 0.3% per year.
  • In contrast, the Food Distributors industry is expected to see its earnings grow by 9.7% 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
KAL KAL GroupR41.505.1%
+R143.3m		-18.9%PE7.6x

Latest News

BOX
R63.91
Boxer Retail
7D
-7.0%
1Y
n/a

There's Reason For Concern Over Boxer Retail Limited's (JSE:BOX) Price

Sep 26
There's Reason For Concern Over Boxer Retail Limited's (JSE:BOX) Price
KAL
R41.50
KAL Group
7D
5.1%
1Y
-18.9%

Risks To Shareholder Returns Are Elevated At These Prices For KAL Group Limited (JSE:KAL)

Sep 26
Risks To Shareholder Returns Are Elevated At These Prices For KAL Group Limited (JSE:KAL)
CLS
R355.12
Clicks Group
7D
-2.5%
1Y
-10.7%
SHP
R276.00
Shoprite Holdings
7D
-3.3%
1Y
-8.8%
BID
R430.52
Bid
7D
-4.0%
1Y
-3.4%
SPP
R99.75
SPAR Group
7D
-1.3%
1Y
-28.1%
DCP
R32.92
Dis-Chem Pharmacies
7D
-5.0%
1Y
-13.6%

Dis-Chem Pharmacies (JSE:DCP) Knows How To Allocate Capital

Sep 05
Dis-Chem Pharmacies (JSE:DCP) Knows How To Allocate Capital
PIK
R24.39
Pick n Pay Stores
7D
-6.8%
1Y
-5.7%