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Pick n Pay Stores LimitedJSE:PIK Stock Report

Market Cap R14.5b
Share Price
R19.80
R26.19
24.4% undervalued intrinsic discount
1Y-18.6%
7D2.4%
1D
Portfolio Value
View

Pick n Pay Stores Limited

JSE:PIK Stock Report

Market Cap: R14.5b

Pick n Pay Stores (PIK) Stock Overview

An investment holding company, engages in the retail of food, health and beauty products, general merchandise, clothing, liquor, and additional value-added-services in South Africa and Rest of Africa. More details

PIK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

PIK Community Fair Values

Create Narrative

See what 36 others think this stock is worth. Follow their fair value or set your own to get alerts.

Pick n Pay Stores Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Pick n Pay Stores
Historical stock prices
Current Share PriceR19.80
52 Week HighR32.90
52 Week LowR17.67
Beta0.22
1 Month Change-3.56%
3 Month Change8.67%
1 Year Change-18.62%
3 Year Change-49.63%
5 Year Change-62.16%
Change since IPO80.00%

Recent News & Updates

Narrative Update May 31

PIK: Higher Revenue Assumptions And Richer P E Multiple Will Support Future Upside

Analysts have made a small downward adjustment to their fair value estimate for Pick n Pay Stores, trimming the price target from ZAR26.31 to about ZAR26.19 as they factor in updated assumptions on discount rates, revenue growth, profit margins, and future P/E levels. Valuation Changes Fair Value: Trimmed slightly from ZAR26.31 to ZAR26.19, indicating only a marginal adjustment to the overall valuation.
Narrative Update May 13

PIK: Stable Assumptions On Margins And Returns Will Support Future Upside

Analysts have maintained Pick n Pay Stores’ fair value estimate at ZAR26.31 per share. They explain that only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions do not justify a change in the price target.
Narrative Update Apr 24

PIK: Stable Margins And Refined Assumptions Will Support Future Upside

Analysts have reduced their fair value estimate for Pick n Pay Stores from ZAR27.06 to ZAR26.31, reflecting slightly revised assumptions for the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: Reduced slightly from ZAR27.06 to ZAR26.31.
Narrative Update Apr 10

PIK: Higher Margin Expectations Will Support Future Upside Potential

Analysts have slightly reduced their price target for Pick n Pay Stores from ZAR27.67 to ZAR27.06, reflecting updated assumptions around discount rates, margins and future P/E expectations. Valuation Changes Fair Value: ZAR27.67 updated to ZAR27.06, a small downward adjustment in the modelled valuation per share.

Recent updates

Narrative Update May 31

PIK: Higher Revenue Assumptions And Richer P E Multiple Will Support Future Upside

Analysts have made a small downward adjustment to their fair value estimate for Pick n Pay Stores, trimming the price target from ZAR26.31 to about ZAR26.19 as they factor in updated assumptions on discount rates, revenue growth, profit margins, and future P/E levels. Valuation Changes Fair Value: Trimmed slightly from ZAR26.31 to ZAR26.19, indicating only a marginal adjustment to the overall valuation.
Narrative Update May 13

PIK: Stable Assumptions On Margins And Returns Will Support Future Upside

Analysts have maintained Pick n Pay Stores’ fair value estimate at ZAR26.31 per share. They explain that only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions do not justify a change in the price target.
Narrative Update Apr 24

PIK: Stable Margins And Refined Assumptions Will Support Future Upside

Analysts have reduced their fair value estimate for Pick n Pay Stores from ZAR27.06 to ZAR26.31, reflecting slightly revised assumptions for the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: Reduced slightly from ZAR27.06 to ZAR26.31.
Narrative Update Apr 10

PIK: Higher Margin Expectations Will Support Future Upside Potential

Analysts have slightly reduced their price target for Pick n Pay Stores from ZAR27.67 to ZAR27.06, reflecting updated assumptions around discount rates, margins and future P/E expectations. Valuation Changes Fair Value: ZAR27.67 updated to ZAR27.06, a small downward adjustment in the modelled valuation per share.
Narrative Update Mar 27

PIK: Stable Assumptions And Turnaround Efforts Will Support Future Upside Potential

Analysts have kept their ZAR 27.67 price target for Pick n Pay Stores unchanged, pointing to only minor adjustments in assumptions, such as a slightly lower discount rate and marginal tweaks to revenue growth, profit margin and future P/E expectations. Valuation Changes Fair Value: The ZAR 27.67 fair value estimate is unchanged, indicating no revision to the core valuation output.
Narrative Update Mar 13

PIK: Steady Fair Value And Turnaround Plan Will Support Future Upside Potential

Analysts have kept their ZAR fair value estimate for Pick n Pay Stores steady at ZAR27.67, with small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. This indicates only fine tuning to their price target rationale rather than a change in conviction.
Narrative Update Feb 27

PIK: Finance Succession And Turnaround Plan Will Support Future Upside Potential

Analysts have trimmed their price target for Pick n Pay Stores from ZAR29.49 to ZAR27.67, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Group CFO Lerena Olivier is set to step down from the CFO role at the conclusion of the 2026 AGM in August 2026, as part of long term succession planning after joining Pick n Pay in 2011 and serving as CFO since 2019 (company announcement).
New Narrative Feb 14

Omnichannel Investment And Store Reset Pressures Will Eventually Support A Healthier Retail Mix

Catalysts About Pick n Pay Stores Pick n Pay Stores operates grocery, clothing and liquor retail formats, alongside a growing Boxer value chain and omnichannel offering in South Africa. What are the underlying business or industry changes driving this perspective?
Narrative Update Feb 12

PIK: Finance Leadership Transition Will Support Turnaround And Unlock Future Upside

Analysts have trimmed their price target for Pick n Pay Stores from ZAR31.77 to ZAR29.49, citing updated assumptions that reflect slightly higher discount rates, more cautious revenue growth and profit margin expectations, and a higher projected future P/E multiple. What's in the News Group CFO Lerena Olivier plans to step down at the conclusion of the 2026 AGM in August 2026, as part of long-term succession planning, after joining Pick n Pay in 2011 and becoming Group CFO in 2019 (Key Developments).
Analysis Article Feb 07

Investors Appear Satisfied With Pick n Pay Stores Limited's (JSE:PIK) Prospects

There wouldn't be many who think Pick n Pay Stores Limited's ( JSE:PIK ) price-to-sales (or "P/S") ratio of 0.1x is...
New Narrative Jan 30

Omnichannel And Retail Media Expansion Will Transform This Retailer Over The Next Decade

Catalysts About Pick n Pay Stores Pick n Pay Stores operates food, grocery, clothing and liquor retail formats, together with a franchise network and value-added services, primarily in South Africa. What are the underlying business or industry changes driving this perspective?
Analysis Article Nov 20

There Are Reasons To Feel Uneasy About Pick n Pay Stores' (JSE:PIK) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analysis Article Oct 30

We Think Pick n Pay Stores (JSE:PIK) Is Taking Some Risk With Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
User avatar
New Narrative Jun 01

African Urbanization And Digital Transformation Will Redefine Modern Retail

Expansion in African modern retail and increased digital adoption are driving revenue growth, operational efficiency, and enhanced customer engagement.
Analysis Article Apr 04

Capital Allocation Trends At Pick n Pay Stores (JSE:PIK) Aren't Ideal

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Jan 23

Pick n Pay Stores (JSE:PIK) Use Of Debt Could Be Considered Risky

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Oct 08

Pick n Pay Stores Limited (JSE:PIK) Soars 25% But It's A Story Of Risk Vs Reward

Pick n Pay Stores Limited ( JSE:PIK ) shares have had a really impressive month, gaining 25% after a shaky period...

Shareholder Returns

PIKZA Consumer RetailingZA Market
7D2.4%2.8%-0.5%
1Y-18.6%-5.7%14.1%

Return vs Industry: PIK underperformed the ZA Consumer Retailing industry which returned -9.8% over the past year.

Return vs Market: PIK underperformed the ZA Market which returned 10.7% over the past year.

Price Volatility

Is PIK's price volatile compared to industry and market?
PIK volatility
PIK Average Weekly Movement7.6%
Consumer Retailing Industry Average Movement4.6%
Market Average Movement4.9%
10% most volatile stocks in ZA Market11.2%
10% least volatile stocks in ZA Market3.1%

Stable Share Price: PIK's share price has been volatile over the past 3 months compared to the ZA market.

Volatility Over Time: PIK's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
1967n/aSean Summerswww.pnp.co.za

Pick n Pay Stores Limited, an investment holding company, engages in the retail of food, health and beauty products, general merchandise, clothing, liquor, and additional value-added-services in South Africa and Rest of Africa. It owns and franchises hypermarkets, supermarkets, clothing stores, liquor stores, superstores, build stores, and express stores. The company also offers its products online.

Pick n Pay Stores Limited Fundamentals Summary

How do Pick n Pay Stores's earnings and revenue compare to its market cap?
PIK fundamental statistics
Market capR14.54b
Earnings (TTM)-R728.00m
Revenue (TTM)R123.15b
0.1x
P/S Ratio
-20.0x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PIK income statement (TTM)
RevenueR123.15b
Cost of RevenueR97.67b
Gross ProfitR25.48b
Other ExpensesR26.21b
Earnings-R728.00m

Last Reported Earnings

Mar 01, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.99
Gross Margin20.69%
Net Profit Margin-0.59%
Debt/Equity Ratio1.9%

How did PIK perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/12 07:28
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/01
Annual Earnings2026/03/01

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

Pick n Pay Stores Limited is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

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