Narrative Update • Aug 06

Over the last 7 days, the Food Retail industry has remained flat. The past year has been better, since the industry has gained 5.6% in that time. Looking forward, earnings are forecast to grow by 15% annually.
Has the South African Food Retail Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 09 Aug 2026 | R207.7b | R452.6b | R8.9b | 20.5x | 23.4x | 0.5x |
| Tue, 07 Jul 2026 | R211.6b | R452.6b | R8.9b | 20.7x | 23.9x | 0.5x |
| Thu, 04 Jun 2026 | R207.5b | R452.6b | R8.9b | 20.6x | 23.4x | 0.5x |
| Sat, 02 May 2026 | R205.6b | R451.7b | R8.9b | 20.1x | 23x | 0.5x |
| Mon, 30 Mar 2026 | R200.7b | R451.7b | R8.9b | 19.8x | 22.5x | 0.4x |
| Wed, 25 Feb 2026 | R197.6b | R442.5b | R8.8b | 19.9x | 22.5x | 0.4x |
| Fri, 23 Jan 2026 | R200.3b | R442.5b | R8.8b | 19.7x | 22.8x | 0.5x |
| Sun, 21 Dec 2025 | R200.8b | R442.5b | R8.8b | 19.9x | 22.9x | 0.5x |
| Tue, 18 Nov 2025 | R207.3b | R442.7b | R8.8b | 20.3x | 23.6x | 0.5x |
| Thu, 16 Oct 2025 | R217.8b | R439.8b | R8.4b | 21.2x | 25.8x | 0.5x |
| Sat, 13 Sep 2025 | R209.1b | R437.1b | R8.4b | 21.1x | 24.8x | 0.5x |
| Mon, 11 Aug 2025 | R196.7b | R436.3b | R7.9b | 20.9x | 24.8x | 0.5x |
| Wed, 09 Jul 2025 | R204.7b | R436.3b | R7.9b | 21.7x | 25.8x | 0.5x |
| Fri, 06 Jun 2025 | R203.2b | R436.3b | R7.9b | 21.1x | 25.6x | 0.5x |
| Sun, 04 May 2025 | R213.5b | R430.4b | R5.3b | 22.6x | 40.4x | 0.5x |
| Tue, 01 Apr 2025 | R202.5b | R430.4b | R5.3b | 21.3x | 38.3x | 0.5x |
| Thu, 27 Feb 2025 | R204.5b | R419.2b | R5.0b | 21.4x | 41.3x | 0.5x |
| Sat, 25 Jan 2025 | R211.4b | R419.2b | R5.0b | 21.1x | 42.7x | 0.5x |
| Mon, 23 Dec 2024 | R219.6b | R419.2b | R5.0b | 20.4x | 44.3x | 0.5x |
| Wed, 20 Nov 2024 | R186.4b | R380.3b | R3.6b | 16.2x | 52.2x | 0.5x |
| Fri, 18 Oct 2024 | R158.7b | R263.1b | R7.0b | 15.9x | 22.6x | 0.6x |
| Sun, 15 Sep 2024 | R166.5b | R263.1b | R7.0b | 16.5x | 23.7x | 0.6x |
| Tue, 13 Aug 2024 | R161.0b | R252.1b | R6.9b | 15.9x | 23.3x | 0.6x |
| Thu, 11 Jul 2024 | R160.4b | R252.1b | R6.9b | 16x | 23.2x | 0.6x |
| Sat, 08 Jun 2024 | R139.8b | R252.1b | R6.9b | 14.3x | 20.2x | 0.6x |
| Mon, 06 May 2024 | R150.5b | R363.7b | R7.0b | 21.3x | 21.4x | 0.4x |
| Wed, 03 Apr 2024 | R148.0b | R363.7b | R7.0b | 21.1x | 21x | 0.4x |
| Fri, 01 Mar 2024 | R153.0b | R348.9b | R6.9b | 22.2x | 22.2x | 0.4x |
| Sun, 28 Jan 2024 | R158.9b | R348.9b | R6.9b | 22.9x | 23.1x | 0.5x |
| Tue, 26 Dec 2023 | R156.8b | R348.9b | R6.9b | 22.7x | 22.8x | 0.4x |
| Thu, 23 Nov 2023 | R150.9b | R347.1b | R6.9b | 21.6x | 22x | 0.4x |
| Sat, 21 Oct 2023 | R141.2b | R344.1b | R7.9b | 10.3x | 17.9x | 0.4x |
| Mon, 18 Sep 2023 | R153.7b | R344.1b | R7.9b | 13.7x | 19.5x | 0.4x |
| Wed, 16 Aug 2023 | R158.9b | R328.5b | R7.8b | 14.4x | 20.3x | 0.5x |
20.3x
How does South African Food Retail compare with similar industries?
| ZA Market | 4.38% | |
| Consumer Staples | -1.11% | |
| Food and Staples Retail | -1.79% | |
| Food Retail | -0.16% | |
| Big Box Super Stores | 0% | 0 |
| Drug Retail | -1.42% | |
| Food Distributors | -4.08% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BOX Boxer Retail | R78.30 | 0.4% +R126.8m | 16.2% | PE22.8x | |
| PIK Pick n Pay Stores | R19.05 | 0.2% +R29.4m | -26.9% | PS0.1x |