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Updated 2h ago
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Clicks Group LimitedJSE:CLS Stock Report

Market Cap R48.3b
Updated 2h ago
Share Price
n/a
1Y-41.1%
7D12.0%
1D2.4%
Portfolio Value
​
View

Clicks Group Limited

JSE:CLS Stock Report

Market Cap: R48.3b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Clicks Group (CLS) Stock Overview

Operates as a health, wellness, and beauty retailer in South Africa and internationally. More details

CLS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance6/6
Financial Health6/6
Dividends5/6

Rewards

Trading at 23.2% below our estimate of its fair value

Revenue is forecast to grow 7.08% per year

Earnings grew by 11% over the past year

Pays a reliable dividend of 4.19%

Trading at good value compared to peers and industry

Risk Analysis

CLS passed our risk checks.

CLS Community Fair Values

Create Narrative

See what 46 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystHighTarget
46.1% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Store Expansion And Healthcare Demand Will Support A Stronger Long Term Outlook

35
0
2
AN
AnalystConsensusTarget
33.7% undervalued intrinsic discount
AnalystConsensusTarget
•13d ago

Store And Digital Upgrades Will Create New Opportunities

272
0
29
AN
AnalystLowTarget
10.0% undervalued intrinsic discount
AnalystLowTarget
•1mo ago

Store Expansion And Loyalty Engagement Will Shape Steady Long Term Outlook

11
0
0

Top Analyst Narratives

AN
AnalystHighTarget
46.1% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Store Expansion And Healthcare Demand Will Support A Stronger Long Term Outlook

35
0
2
AN
AnalystConsensusTarget
33.7% undervalued intrinsic discount
AnalystConsensusTarget
•13d ago

Store And Digital Upgrades Will Create New Opportunities

272
0
29
AN
AnalystLowTarget
10.0% undervalued intrinsic discount
AnalystLowTarget
•1mo ago

Store Expansion And Loyalty Engagement Will Shape Steady Long Term Outlook

11
0
0
View all narratives

Clicks Group Limited Competitors

Dis-Chem Pharmacies

Symbol: JSE:DCP
Market cap: R23.2b

Boxer Retail

Symbol: JSE:BOX
Market cap: R36.8b

Bid

Symbol: JSE:BID
Market cap: R149.6b

Shoprite Holdings

Symbol: JSE:SHP
Market cap: R173.0b

Price History & Performance

Summary of share price highs, lows and changes for Clicks Group
Historical stock prices
Current Share PriceR206.47
52 Week HighR386.18
52 Week LowR183.66
Beta0.12
1 Month Change-1.22%
3 Month Change-10.19%
1 Year Change-42.45%
3 Year Change-19.35%
5 Year Change-26.65%
Change since IPO5,262.86%

Recent News & Updates

User avatar
Narrative Update • Sep 08

CLS: Higher Future P/E Assumptions Will Support Further Share Price Upside

The latest narrative update on Clicks Group reflects a revised analyst price target, with fair value moving from ZAR338.50 to ZAR318.71. Analysts have adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E in their updated models.
User avatar
New Narrative • Jul 30

Store Expansion And Loyalty Engagement Will Shape Steady Long Term Outlook

Catalysts About Clicks Group Clicks Group operates a South African retail pharmacy, health and beauty chain supported by a pharmaceutical wholesale and distribution business. What are the underlying business or industry changes driving this perspective?
User avatar
New Narrative • Jul 16

Store Expansion And Healthcare Demand Will Support A Stronger Long Term Outlook

Catalysts About Clicks Group Clicks Group operates a South African health, beauty and pharmacy retail chain supported by a pharmaceutical wholesale and distribution business. What are the underlying business or industry changes driving this perspective?

Recent updates

User avatar
Narrative Update • Sep 08

CLS: Higher Future P/E Assumptions Will Support Further Share Price Upside

The latest narrative update on Clicks Group reflects a revised analyst price target, with fair value moving from ZAR338.50 to ZAR318.71. Analysts have adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E in their updated models.
User avatar
New Narrative • Jul 30

Store Expansion And Loyalty Engagement Will Shape Steady Long Term Outlook

Catalysts About Clicks Group Clicks Group operates a South African retail pharmacy, health and beauty chain supported by a pharmaceutical wholesale and distribution business. What are the underlying business or industry changes driving this perspective?
User avatar
New Narrative • Jul 16

Store Expansion And Healthcare Demand Will Support A Stronger Long Term Outlook

Catalysts About Clicks Group Clicks Group operates a South African health, beauty and pharmacy retail chain supported by a pharmaceutical wholesale and distribution business. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Jun 25

CLS: Dividends And Share Buybacks Will Support Future Upside Potential

Analysts have lowered their price target for Clicks Group from ZAR358.88 to ZAR338.50, citing updated assumptions around profit margins and a slightly higher future P/E expectation. What’s in the News for Clicks Group Clicks Group approved an interim gross ordinary dividend of 258.0 cents per share for the period ended 28 February 2026, with Dividends Tax of 20% resulting in a net dividend of 206.4 cents per share for shareholders who are not exempt, sourced from distributable reserves and paid in cash.
User avatar
Narrative Update • Jun 04

CLS: Dividend Payouts And Completed Buyback Programme Will Support Future Upside

Analysts have kept their ZAR price target for Clicks Group effectively unchanged at around ZAR359, citing only marginal tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions, rather than any shift in the core investment case. What's in the News Clicks Group approved an interim gross ordinary dividend of 258.0 cents per share for the period ended 28 February 2026, with the source of the dividend stated as distributable reserves and payment scheduled in cash.
Analysis Article • May 28

Do Clicks Group's (JSE:CLS) Earnings Warrant Your Attention?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
User avatar
Narrative Update • May 18

CLS: Dividend And Buyback Programme Will Support Future Upside Potential

Analysts have reduced their price target for Clicks Group from ZAR382.25 to ZAR358.88. They cite slightly softer assumptions for revenue growth, profit margins and future P/E multiples, while noting that the discount rate remains broadly similar.
User avatar
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.
User avatar
Narrative Update • Apr 13

CLS: Lower Margin Assumptions Will Still Support Future Upside Potential

Analysts have revised their price target for Clicks Group from ZAR430.25 to ZAR410.00, citing updated fair value assumptions, a slightly lower discount rate, and modest changes to expectations for revenue growth, profit margins, and future P/E ratios. Valuation Changes Fair Value: revised from ZAR430.25 to ZAR410.00, representing a small downward adjustment to the central value estimate.
Analysis Article • Feb 11

If EPS Growth Is Important To You, Clicks Group (JSE:CLS) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Jan 23

Increases to Clicks Group Limited's (JSE:CLS) CEO Compensation Might Cool off for now

Key Insights Clicks Group to hold its Annual General Meeting on 29th of January Total pay for CEO Bertina Engelbrecht...
User avatar
Narrative Update • Jan 10

CLS: Higher Dividend And Margin Assumptions Will Support Future Upside

Analysts have nudged their price target for Clicks Group higher from R423.14 to R430.25, citing modest adjustments to fair value assumptions along with updated views on revenue growth, profit margins and future P/E expectations. What's in the News Clicks Group Limited approved a final gross ordinary dividend for the period ended 31 August 2025 of 648.0 cents per share, with dividends tax of 20% resulting in a net dividend of 518.4 cents per share for ordinary shareholders who are not exempt from tax (Key Developments).
Analysis Article • Dec 09

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

When close to half the companies in South Africa have price-to-earnings ratios (or "P/E's") below 9x, you may consider...
Analysis Article • Nov 21

Clicks Group (JSE:CLS) Has Announced That It Will Be Increasing Its Dividend To ZAR6.48

Clicks Group Limited's ( JSE:CLS ) dividend will be increasing from last year's payment of the same period to ZAR6.48...
Analysis Article • Oct 31

The Strong Earnings Posted By Clicks Group (JSE:CLS) Are A Good Indication Of The Strength Of The Business

Clicks Group Limited ( JSE:CLS ) just reported healthy earnings but the stock price didn't move much. Our analysis...
Analysis Article • Oct 29

Clicks Group (JSE:CLS) Is Increasing Its Dividend To ZAR6.48

Clicks Group Limited ( JSE:CLS ) will increase its dividend from last year's comparable payment on the 26th of January...
Analysis Article • Aug 25

Does Clicks Group (JSE:CLS) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Aug 07

Clicks Group Limited's (JSE:CLS) Business Is Trailing The Market But Its Shares Aren't

When close to half the companies in South Africa have price-to-earnings ratios (or "P/E's") below 8x, you may consider...
Analysis Article • Jul 20

Investors Shouldn't Overlook Clicks Group's (JSE:CLS) Impressive Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...
User avatar
New Narrative • Dec 08

ClubCard Loyalty And UPD Innovations Will Propel Revenue Growth And Boost Profitability

Clicks Group's expansion plans and technology updates aim to drive revenue and improve operational efficiency, enhancing both market reach and net margins.

Shareholder Returns

CLSZA Consumer RetailingZA Market
7D9.4%1.9%-0.9%
1Y-42.5%-4.5%5.4%

Return vs Industry: CLS underperformed the ZA Consumer Retailing industry which returned -4.5% over the past year.

Return vs Market: CLS underperformed the ZA Market which returned 5.4% over the past year.

Price Volatility

Is CLS's price volatile compared to industry and market?
CLS volatility
CLS Average Weekly Movement4.9%
Consumer Retailing Industry Average Movement3.5%
Market Average Movement4.7%
10% most volatile stocks in ZA Market10.8%
10% least volatile stocks in ZA Market2.6%

Stable Share Price: CLS has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: CLS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196820,682Bertina Engelbrechtwww.clicksgroup.co.za

Clicks Group Limited, together with its subsidiaries, operates as a health, wellness, and beauty retailer in South Africa and internationally. The company operates through two segments, Retail and Distribution. It provides retail, including Clicks, a specialist health, beauty and homeware retailer; Sorbet, a franchise of hair and beauty salons; 180 Degrees Marketing, a software development company; and The Body shop, which specializes in naturally inspired luxury toiletries, cosmetics, gifting and grooming, with stores.

Clicks Group Limited Fundamentals Summary

How do Clicks Group's earnings and revenue compare to its market cap?
CLS fundamental statistics
Market capR48.28b
Earnings (TTM)R3.33b
Revenue (TTM)R49.54b
14.5x
P/E Ratio
1.0x
P/S Ratio

Is CLS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CLS income statement (TTM)
RevenueR49.54b
Cost of RevenueR37.88b
Gross ProfitR11.66b
Other ExpensesR8.33b
EarningsR3.33b

Last Reported Earnings

Feb 28, 2026

Next Earnings Date

n/a

Earnings per share (EPS)14.24
Gross Margin23.54%
Net Profit Margin6.72%
Debt/Equity Ratio0%

How did CLS perform over the long term?

See historical performance and comparison

Dividends

4.3%
Current Dividend Yield
64%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/22 14:52
End of Day Share Price 2026/09/21 00:00
Earnings2026/02/28
Annual Earnings2025/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Clicks Group Limited is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rendani MagalelaAbsa Bank Limited
Victor DimaArqaam Capital Research Offshore S.A.L.
Michael de NobregaAvior Capital Markets

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