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South African (JSE) Food and Staples Retail Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies8
  • 7D1.9%
  • 3M3.1%
  • 1Y-6.9%
  • YTD-2.0%

Shoprite Holdings is up 1.7%, leading the way for the Food and Staples Retail industry, which has gained 1.9%. In contrast, the industry has lost 6.9% in the last 12 months. 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
Wed, 24 Jun 2026R458.7bR920.4bR22.8b16.8x20.1x0.5x
Fri, 22 May 2026R455.4bR919.7bR23.4b17.3x19.5x0.5x
Sun, 19 Apr 2026R461.9bR915.8bR23.0b20.6x20.1x0.5x
Tue, 17 Mar 2026R431.4bR915.8bR23.0b18.5x18.7x0.5x
Thu, 12 Feb 2026R457.5bR898.2bR22.3b20.8x20.6x0.5x
Sat, 10 Jan 2026R468.7bR898.2bR22.3b22.8x21.1x0.5x
Mon, 08 Dec 2025R471.7bR917.8bR23.0b20.1x20.5x0.5x
Wed, 05 Nov 2025R486.2bR918.0bR23.0b20.9x21.2x0.5x
Fri, 03 Oct 2025R480.5bR909.7bR22.3b20.4x21.5x0.5x
Sun, 31 Aug 2025R491.0bR908.9bR21.9b20.6x22.5x0.5x
Tue, 29 Jul 2025R480.1bR903.4bR21.6b20.7x22.2x0.5x
Thu, 26 Jun 2025R494.1bR903.4bR21.6b21.8x22.8x0.5x
Sat, 24 May 2025R502.9bR899.2bR18.9b20.9x26.6x0.6x
Mon, 21 Apr 2025R497.3bR897.6bR18.9b21.1x26.3x0.6x
Wed, 19 Mar 2025R469.7bR896.2bR18.8b20.7x25x0.5x
Fri, 14 Feb 2025R503.9bR880.8bR18.5b21.6x27.2x0.6x
Sun, 12 Jan 2025R515.1bR880.8bR18.5b22x27.8x0.6x
Tue, 10 Dec 2024R524.8bR880.8bR18.5b20.5x28.4x0.6x
Thu, 07 Nov 2024R483.4bR844.6bR15.8b28x30.6x0.6x
Sat, 05 Oct 2024R456.5bR723.6bR19.0b28.3x24x0.6x
Mon, 02 Sep 2024R466.4bR712.7bR18.9b28.3x24.7x0.7x
Wed, 31 Jul 2024R450.9bR705.2bR18.4b27.9x24.6x0.6x
Fri, 28 Jun 2024R428.0bR705.2bR18.4b26.1x23.3x0.6x
Sun, 26 May 2024R420.7bR809.0bR18.5b27.8x22.8x0.5x
Tue, 23 Apr 2024R389.7bR807.2bR18.3b26.9x21.3x0.5x
Thu, 21 Mar 2024R418.8bR807.2bR18.3b27.9x22.8x0.5x
Sat, 17 Feb 2024R422.5bR770.4bR17.6b27.7x24x0.5x
Mon, 15 Jan 2024R439.4bR848.7bR15.9b27.7x27.7x0.5x
Wed, 13 Dec 2023R425.1bR848.7bR15.9b28.4x26.8x0.5x
Fri, 10 Nov 2023R417.8bR838.5bR17.3b21.2x24.2x0.5x
Sun, 08 Oct 2023R406.5bR832.4bR18.4b20.5x22.1x0.5x
Tue, 05 Sep 2023R429.7bR816.8bR18.4b20.9x23.4x0.5x
Thu, 03 Aug 2023R422.2bR787.7bR17.4b21.8x24.3x0.5x
Sat, 01 Jul 2023R399.0bR787.7bR17.4b19.6x23x0.5x
Price to Earnings Ratio

23x


Total Market Cap: R399.0bTotal Earnings: R17.4bTotal Revenue: R787.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Food and Staples Retail Industry Price to Earnings3Y Average 23.6x202420252026
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 20.1x which is lower than its 3-year average PE of 23.6x.
  • 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 9.5% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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 Market-1.80%
Consumer Staples1.75%
Food and Staples Retail1.87%
Food Retail2.64%
Drug Retail2.39%
Food Distributors0.54%
Big Box Super Stores0%0
Industry PE
  • Investors are most optimistic about the Food Retail industry, which is trading close to its 3-year average PE ratio of 26.6x.
    • Analysts expect its future annual earnings growth (15.7%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Food Distributors industry, which is trading below its 3-year average of 19.1x.
Forecasted Growth
  • Analysts are most optimistic on the Food Retail industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Food Distributors industry is expected to see its earnings grow by 7.4% 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
BID BidR436.001.6%
+R2.3b		-5.1%PE16.6x
BOX Boxer RetailR84.805.3%
+R1.9b		23.7%PE24.7x
SHP Shoprite HoldingsR296.110.4%
+R610.9m		6.2%PE21.2x
DCP Dis-Chem PharmaciesR32.970.6%
+R162.7m		0.9%PE28.8x
KAL KAL GroupR49.601.4%
+R49.4m		21.5%PE7.2x

Latest News

SPP
R50.41
SPAR Group
7D
-2.0%
1Y
-53.0%
CLS
R231.09
Clicks Group
7D
-0.9%
1Y
-36.7%
DCP
R32.97
Dis-Chem Pharmacies
7D
0.6%
1Y
0.9%
Narrative Update • Jun 22

DCP: Reduced Dividend Payout Will Pressure Future Shareholder Returns

Analysts have nudged their fair value estimate for Dis-Chem Pharmacies slightly higher, moving the price target from ZAR27.00 to about ZAR27.75. This reflects refreshed assumptions on revenue growth, profit margins and future P/E levels.
BID
R436.00
Bid
7D
1.6%
1Y
-5.1%
Narrative Update • Jun 18

BID: JPMorgan Upgrade And Refined Assumptions Will Support Future Upside

Analysts have maintained their ZAR fair value estimate for Bid Corp. at approximately ZAR481 per share, while refining assumptions on the discount rate, revenue growth, profit margin, and future P/E following a recent upgrade in Street research.
PIK
R20.38
Pick n Pay Stores
7D
-1.1%
1Y
-24.6%
Narrative Update • Jun 14

PIK: Lower Discount Rate And Margin Assumptions Will Support Future Upside

Analysts have trimmed their price target on Pick n Pay Stores from ZAR26.19 to ZAR24.61 as slightly adjusted assumptions for revenue growth, discount rate, profit margin and future P/E feed into a lower fair value estimate. What's in the News No recent company specific news items, periodical coverage, or key developments were provided for Pick n Pay Stores in the supplied sources.
SHP
R296.11
Shoprite Holdings
7D
0.4%
1Y
6.2%
Narrative Update • Jun 12

SHP: Future Returns Will Be Shaped By Margins And P/E Expectations

Analysts have reduced their fair value estimate for Shoprite Holdings by ZAR1.00 to ZAR316.19, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Analysts updated their valuation model for Shoprite Holdings, adjusting assumptions for the discount rate, revenue growth, profit margins and future P/E expectations.
KAL
R49.60
KAL Group
7D
1.4%
1Y
21.5%
BOX
R84.80
Boxer Retail
7D
5.3%
1Y
23.7%