Clicks Group Limited

JSE:CLS Stock Report

Market Cap: R58.0b

Clicks Group Past Earnings Performance

Past criteria checks 5/6

Clicks Group has been growing earnings at an average annual rate of 10.1%, while the Consumer Retailing industry saw earnings growing at 10.1% annually. Revenues have been growing at an average rate of 6.5% per year. Clicks Group's return on equity is 54.6%, and it has net margins of 6.7%.

Key information

10.06%

Earnings growth rate

11.08%

EPS growth rate

Consumer Retailing Industry Growth8.21%
Revenue growth rate6.51%
Return on equity54.63%
Net Margin6.72%
Last Earnings Update28 Feb 2026

Recent past performance updates

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...

Recent updates

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.
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.
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...
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...
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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.

Revenue & Expenses Breakdown

How Clicks Group makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

JSE:CLS Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
28 Feb 2649,5363,3316,0950
30 Nov 2548,6823,2846,0130
31 Aug 2547,8283,2365,9310
31 May 2547,3133,1195,8320
28 Feb 2546,7983,0015,7320
30 Nov 2446,1182,9195,6430
31 Aug 2445,4382,8375,5540
31 May 2444,4292,7475,5350
29 Feb 2443,4202,6585,5150
30 Nov 2342,5212,5985,2390
31 Aug 2341,6222,5384,9630
31 May 2340,8292,5614,6510
28 Feb 2340,0352,5854,3380
30 Nov 2239,8112,6124,2750
31 Aug 2239,5872,6394,2120
31 May 2239,2692,3984,1390
28 Feb 2238,9512,1564,0650
30 Nov 2138,1452,0353,9570
31 Aug 2137,3391,9143,8480
28 Feb 2134,9792,0323,6070
30 Nov 2034,4341,9753,6090
31 Aug 2033,8891,9193,6110
31 May 2033,6191,8293,6800
29 Feb 2032,8751,7783,6540
30 Nov 1932,1131,7303,6030
31 Aug 1931,3521,6813,5520
31 May 1930,7461,6133,6820
28 Feb 1930,1411,5463,8120
30 Nov 1829,6901,5073,9270
31 Aug 1829,2391,4684,0420
31 May 1828,6781,4203,9570
28 Feb 1828,1171,3713,8720
30 Nov 1727,4631,3243,7560
31 Aug 1726,8091,2783,6410
31 May 1726,0061,2233,5300
28 Feb 1725,2031,1683,4200
30 Nov 1624,6871,1313,3260
31 Aug 1624,1711,0943,2320
31 May 1623,8351,0593,1330
29 Feb 1623,4991,0253,0340
30 Nov 1522,7859902,9530
31 Aug 1522,0709552,8720
31 May 1521,2689342,8030

Quality Earnings: CLS has high quality earnings.

Growing Profit Margin: CLS's current net profit margins (6.7%) are higher than last year (6.4%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: CLS's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: CLS's earnings growth over the past year (11%) exceeds its 5-year average (10.1% per year).

Earnings vs Industry: CLS earnings growth over the past year (11%) did not outperform the Consumer Retailing industry 12.5%.


Return on Equity

High ROE: CLS's Return on Equity (54.6%) is considered outstanding.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 12:59
End of Day Share Price 2026/05/25 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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 world class team 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 19 analysts. 9 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