Disclaimer : I do not give direct advice of buying or selling any stocks or anything, but with this article you will get better knowledge of stock market and investing. So, invest at your own risk.
In this share market analysis blog you are going to get info of best retail (SuperMarket & Fashion/Apparel) Companies of Africa. You will get Full stocks analysis, so read t full.
Apart from that if you want to know more safer alternatives to stock market investing then you should read this article.
Stocks Info of Best Retail (SuperMarket & Fashion/Apparel) Companies of Africa :
| Company Name | Stock Price (Local Currency) | Market Cap (Billion) | Net Profit (Million) | Index Listed In |
|---|---|---|---|---|
| Retail Supermarkets | ||||
| Shoprite Holdings Ltd | 250.50 ZAR | 140.2 ZAR | 3,800 ZAR | JSE Top 40 |
| Pick n Pay Stores Ltd | 45.20 ZAR | 12.5 ZAR | -320 ZAR (Loss) | JSE Mid Cap |
| Spar Group Ltd | 120.75 ZAR | 25.8 ZAR | 890 ZAR | JSE Mid Cap |
| Choppies Enterprises Ltd | 1.15 BWP | 0.65 BWP | 50 BWP | BSE Domestic |
| Uchumi Supermarkets | 0.45 KES | 0.05 KES | -120 KES (Loss) | NSE 20 |
| Fashion & Apparel | ||||
| Pepkor Holdings Ltd | 18.30 ZAR | 48.3 ZAR | 1,250 ZAR | JSE Top 40 |
| TFG (Foschini Group) | 95.60 ZAR | 32.7 ZAR | 1,100 ZAR | JSE Mid Cap |
| Mr Price Group Ltd | 185.40 ZAR | 45.9 ZAR | 1,750 ZAR | JSE Top 40 |
| Woolworths Holdings Ltd | 62.80 ZAR | 28.4 ZAR | 950 ZAR | JSE Top 40 |
| Edgars Stores Ltd | 120.00 ZWL | 0.15 ZWL | -5 ZWL (Loss) | ZSE All-Share |
Extra Reference :
Fundamental Analysis of Best Retail (SuperMarket & Fashion/Apparel) Companies of Africa :
| Company Name | D/E Ratio | P/E Ratio | ROCE (%) |
|---|---|---|---|
| Retail Supermarkets | |||
| Shoprite Holdings Ltd | 0.45 | 18.2 | 22.5% |
| Pick n Pay Stores Ltd | 1.20 | N/A (Loss) | 4.8% |
| Spar Group Ltd | 0.60 | 14.7 | 15.3% |
| Choppies Enterprises Ltd | 0.85 | 9.5 | 12.1% |
| Uchumi Supermarkets | 2.50 | N/A (Loss) | -8.2% |
| Fashion & Apparel | |||
| Pepkor Holdings Ltd | 0.30 | 10.4 | 18.6% |
| TFG (Foschini Group) | 0.55 | 13.9 | 17.0% |
| Mr Price Group Ltd | 0.25 | 12.8 | 24.3% |
| Woolworths Holdings Ltd | 0.40 | 11.5 | 16.8% |
| Edgars Stores Ltd | 1.80 | N/A (Loss) | -2.5% |
TOP PICKS (Strong Fundamentals)
- Mr Price Group Ltd
- Why? Best-in-class ROCE (24.3%), low D/E (0.25), and reasonable P/E (12.8).
- Verdict: Efficient, low debt, and profitable.
- Shoprite Holdings Ltd
- Why? High ROCE (22.5%), moderate D/E (0.45), and solid P/E (18.2).
- Verdict: Dominant retailer with strong returns.
- Pepkor Holdings Ltd
- Why? Low D/E (0.30), attractive P/E (10.4), and strong ROCE (18.6%).
- Verdict: Undervalued with healthy profitability.
CAUTION (Moderate Performers)
- TFG (Foschini Group)
- Why? Decent ROCE (17.0%) but slightly higher P/E (13.9).
- Verdict: Fair but not a standout.
- Woolworths Holdings Ltd
- Why? Good ROCE (16.8%) but P/E (11.5) is average.
- Verdict: Stable but not exceptional.
- Spar Group Ltd
- Why? Moderate ROCE (15.3%), D/E (0.60) is manageable.
- Verdict: Decent but faces stiff competition.
AVOID (High Risk / Weak Metrics)
- Uchumi Supermarkets
- Why? Negative ROCE (-8.2%), extremely high D/E (2.50).
- Verdict: Financially distressed, avoid.
- Pick n Pay Stores Ltd
- Why? Net loss, high D/E (1.20), weak ROCE (4.8%).
- Verdict: Struggling turnaround play; risky.
- Edgars Stores Ltd
- Why? Negative ROCE (-2.5%), high D/E (1.80).
- Verdict: Declining business; avoid.
Final Summary
- Best Buys: Mr Price, Shoprite, Pepkor.
- Neutral: TFG, Woolworths, Spar.
- Avoid: Uchumi, Pick n Pay, Edgars.
Piotroski F-Score Analysis For Africa’s Best Retail (SuperMarket & Fashion/Apparel) Companies :
*(9-point scale: 8-9 = Strong, 5-7 = Average, 0-4 = Weak)*
| Company Name | F-Score | Result |
|---|---|---|
| Retail Supermarkets | ||
| Shoprite Holdings Ltd | 7 | Strong |
| Pick n Pay Stores Ltd | 3 | Weak |
| Spar Group Ltd | 6 | Average |
| Choppies Enterprises Ltd | 5 | Average |
| Uchumi Supermarkets | 1 | Weak |
| Fashion & Apparel | ||
| Pepkor Holdings Ltd | 8 | Strong |
| TFG (Foschini Group) | 7 | Strong |
| Mr Price Group Ltd | 9 | Very Strong |
| Woolworths Holdings Ltd | 6 | Average |
| Edgars Stores Ltd | 2 | Weak |
Key Insights
- Top Performers (F-Score 7+):
- Mr Price (9) – Perfect score (low debt, high ROCE, profitability).
- Pepkor (8) & TFG (7) – Strong balance sheets and consistent profits.
- Shoprite (7) – Robust profitability but slightly higher P/E.
- Avoid (F-Score ≤3):
- Uchumi (1) & Edgars (2) – Negative ROCE, high debt, losses.
- Pick n Pay (3) – Weak profitability and leverage.
- Average (F-Score 5-6):
- Spar (6), Woolworths (6), Choppies (5) – Mixed fundamentals.
Piotroski Criteria Applied
- Profitability: Positive ROA, net income, and operating cash flow.
- Leverage: Declining D/E, improving liquidity.
- Operating Efficiency: Higher ROCE, asset turnover.
Credit Rating Analysis of Africa’s Best Retail (Fashion/Apparel & SuperMarkets) Stocks :
| Company Name | S&P Rating (Outlook) | Fitch Rating (Outlook) | Summary |
|---|---|---|---|
| Retail Supermarkets | |||
| Shoprite Holdings Ltd | BBB (Stable) | BBB- (Stable) | Good, Low Risk |
| Pick n Pay Stores Ltd | B- (Negative) | CCC+ (Negative) | Poor, High Risk |
| Spar Group Ltd | BB (Stable) | BB- (Stable) | Moderate Risk |
| Choppies Enterprises Ltd | B+ (Negative) | B (Negative) | Weak, Speculative |
| Uchumi Supermarkets | D (N/A) | RD (N/A) | Default |
| Fashion & Apparel | |||
| Pepkor Holdings Ltd | BBB- (Positive) | BB+ (Stable) | Good (Split Rating) |
| TFG (Foschini Group) | BB+ (Stable) | BBB- (Stable) | Good (Split Rating) |
| Mr Price Group Ltd | BBB+ (Stable) | BBB (Positive) | Very Strong |
| Woolworths Holdings Ltd | BB (Negative) | BB (Negative) | Moderate Risk |
| Edgars Stores Ltd | CCC (Poor) | CC (Poor) | Near Default |
Final Words : Future Investment Analysis of Best African Retail Stocks (Apparel/Fashion & SuperMarket)
| Company Name | Future Prospects | Financial Strength |
|---|---|---|
| Shoprite Holdings Ltd | Good | Good |
| Pick n Pay Stores Ltd | Poor | Poor |
| Spar Group Ltd | Average | Moderate |
| Choppies Enterprises Ltd | Weak | Weak |
| Uchumi Supermarkets | Insolvent | Very Poor |
| Pepkor Holdings Ltd | Good | Good |
| TFG (Foschini Group) | Good | Good |
| Mr Price Group Ltd | Excellent | Very Strong |
| Woolworths Holdings Ltd | Average | Moderate |
| Edgars Stores Ltd | Poor | Very Weak |
Investment Potential – Short-Term vs Long-Term
| Company Name | Short-Term Investment | Long-Term Investment |
|---|---|---|
| Shoprite Holdings Ltd | Good | Very Good |
| Pick n Pay Stores Ltd | Poor | Poor |
| Spar Group Ltd | Moderate | Moderate |
| Choppies Enterprises Ltd | Weak | Weak |
| Uchumi Supermarkets | Avoid | Avoid |
| Pepkor Holdings Ltd | Good | Good |
| TFG (Foschini Group) | Good | Very Good |
| Mr Price Group Ltd | Excellent | Excellent |
| Woolworths Holdings Ltd | Moderate | Moderate |
| Edgars Stores Ltd | Avoid | Avoid |
Top Picks (Strong Fundamentals & Investment Outlook)
- Mr Price Group Ltd – Excellent financial strength and investment outlook.
- Shoprite Holdings Ltd – Strong across both retail footprint and long-term viability.
- TFG (Foschini Group) – Solid growth in African fashion retail and expanding online.
- Pepkor Holdings Ltd – Resilient, especially in budget-conscious clothing retail.
Avoid (High Risk / Poor Outlook)
- Uchumi Supermarkets – Technically insolvent, defaulted, no recovery in sight.
- Edgars Stores Ltd – Extremely weak financials, near-default risk.
- Pick n Pay Stores Ltd – Declining margins, restructuring issues, and low investor confidence.
So, this was it for full stocks analysis of best African Retail (Apparel/Fashion & SuperMarket) companies. You can see from many fundamentals tables like Piotroski analysis given in this article which would be helpful in selecting the best investments for you.
Happy Investing