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South African (JSE) Market Analysis & Valuation
UpdatedJan 02, 2023
DataAggregated Company Financials
Companies240
- 7D-1.3%
- 3M8.4%
- 1Y-4.0%
- YTD-16.9%
Over the last 7 days, the market has dropped 1.3%, driven by a pullback of 1.8% in the Financials sector. The market has dropped 4.0% in the last year. Looking forward, earnings are forecast to grow by 7.2% annually.
Market Insights
US markets received a boost on Tuesday when inflation data showed prices rising slightly less than expected...
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Last Week
Not All Retail Stocks Are Struggling
Latest News
Market Valuation and Performance
Has the South African Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 02 Jan 2023 | R6.0t | R5.2t | R656.5b | 8.3x | 9.1x | 1.1x |
| Wed, 30 Nov 2022 | R6.1t | R5.2t | R654.5b | 8.4x | 9.3x | 1.2x |
| Fri, 28 Oct 2022 | R5.8t | R5.2t | R837.4b | 8.5x | 7x | 1.1x |
| Sun, 25 Sep 2022 | R5.5t | R5.1t | R828.3b | 8.6x | 6.6x | 1.1x |
| Tue, 23 Aug 2022 | R5.9t | R5.3t | R782.1b | 8.8x | 7.6x | 1.1x |
| Thu, 21 Jul 2022 | R5.8t | R5.3t | R792.5b | 8.6x | 7.4x | 1.1x |
| Sat, 18 Jun 2022 | R6.1t | R5.2t | R805.7b | 8.6x | 7.6x | 1.2x |
| Mon, 16 May 2022 | R6.4t | R5.2t | R793.8b | 9.2x | 8.1x | 1.2x |
| Wed, 13 Apr 2022 | R7.1t | R5.2t | R759.6b | 10x | 9.3x | 1.4x |
| Fri, 11 Mar 2022 | R7.2t | R5.2t | R745.8b | 10.1x | 9.6x | 1.4x |
| Sun, 06 Feb 2022 | R7.1t | R5.1t | R766.9b | 10.7x | 9.3x | 1.4x |
| Tue, 04 Jan 2022 | R6.9t | R5.1t | R772.3b | 10.8x | 9x | 1.4x |
| Thu, 02 Dec 2021 | R6.7t | R5.1t | R768.7b | 10.5x | 8.7x | 1.3x |
| Sat, 30 Oct 2021 | R6.7t | R5.0t | R587.0b | 10.9x | 11.4x | 1.3x |
| Mon, 27 Sep 2021 | R6.5t | R5.0t | R563.8b | 11.5x | 11.6x | 1.3x |
| Wed, 25 Aug 2021 | R6.5t | R4.9t | R513.3b | 11.6x | 12.7x | 1.3x |
| Thu, 01 Jul 2021 | R6.5t | R4.8t | R511.2b | 11.5x | 12.7x | 1.3x |
| Sun, 04 Apr 2021 | R6.7t | R4.6t | R371.9b | 12.4x | 17.9x | 1.5x |
| Wed, 06 Jan 2021 | R5.9t | R4.4t | R191.5b | 11.4x | 30.9x | 1.3x |
| Sat, 10 Oct 2020 | R5.3t | R4.3t | R126.8b | 12.1x | 42.1x | 1.2x |
| Fri, 03 Jul 2020 | R5.3t | R4.3t | R107.9b | 12.1x | 49.2x | 1.2x |
| Mon, 06 Apr 2020 | R4.4t | R4.4t | R219.4b | 10.6x | 20x | 1x |
| Thu, 09 Jan 2020 | R6.1t | R4.4t | R318.5b | 12.1x | 19.2x | 1.4x |
Price to Earnings Ratio
19.2x
Current Market PE
- Investors are pessimistic on the South African market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 9.1x which is lower than its 3-year average PE of 19.8x.
Past Earnings Growth
- The earnings for South African listed companies have grown 27% per year over the last three years.
- Revenues for these companies have grown 5.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the South African Market?
| ZA Market | -1.30% | |
| Consumer Discretionary | 0.80% | |
| Utilities | 0% | |
| Real Estate | -0.31% | |
| Tech | -0.63% | |
| Industrials | -1.32% | |
| Telecom | -1.45% | |
| Materials | -1.47% | |
| Healthcare | -1.75% | |
| Financials | -1.79% | |
| Energy | -2.36% | |
| Consumer Staples | -2.57% | |
Sector PE
- Investors are most optimistic about the Tech sector even though it's trading below its 3-year average PE ratio of 58.0x.
- This optimism is likely because analysts are expecting annual earnings growth of 56.9% which is higher than its past year's earnings decline of 3.4% per year.
- Investors are most pessimistic about the Energy sector, which is trading below its 3-year average of 4.8x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 57% over the next 5 years.
- This is better than its past earnings decline of 3.4% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| NPN Naspers | R2.82k | 2.3% +R4.3b | 14.3% | PE13.1x | Consumer Discretionary | |
| IMP Impala Platinum Holdings | R213.14 | 1.5% +R2.7b | -5.3% | PE5.6x | Materials | |
| KIO Kumba Iron Ore | R492.30 | 1.4% +R2.1b | 8.4% | PE7.4x | Materials | |
| INL Investec Group | R107.50 | 1.0% +R908.6m | 22.0% | PE6.5x | Financials | |
| RES Resilient REIT | R54.18 | 5.1% +R872.9m | -8.0% | PB0.9x | Real Estate |