South African (JSE) Capital Markets Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies22
- 7D-1.7%
- 3M-7.3%
- 1Y5.4%
- YTD-5.2%
Over the last 7 days, the Capital Markets industry has dropped 1.1%, driven by Investec Group declining 2.5%. Meanwhile, YeboYethu (RF) actually outperformed within the industry, gaining 11% in the last week. This takes the industry's 12 month performance to a gain of 5.0%. Looking forward, earnings are forecast to decline by 9.8% per year.
Industry Valuation and Performance
Has the South African Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | R163.0b | R79.5b | R17.6b | 10.3x | 9.3x | 2.1x |
| Thu, 28 Sep 2023 | R171.8b | R79.9b | R17.8b | 10x | 9.6x | 2.1x |
| Sat, 26 Aug 2023 | R163.4b | R78.2b | R16.2b | 10.3x | 10.1x | 2.1x |
| Mon, 24 Jul 2023 | R164.1b | R77.6b | R16.1b | 11.6x | 10.2x | 2.1x |
| Wed, 21 Jun 2023 | R154.8b | R78.4b | R16.3b | 12.3x | 9.5x | 2x |
| Fri, 19 May 2023 | R154.8b | R79.7b | R20.0b | 9.9x | 7.8x | 1.9x |
| Sun, 16 Apr 2023 | R151.0b | R73.6b | R16.4b | 9.6x | 9.2x | 2.1x |
| Tue, 14 Mar 2023 | R163.8b | R75.1b | R20.7b | 8.7x | 7.9x | 2.2x |
| Thu, 09 Feb 2023 | R181.7b | R73.5b | R20.2b | 9.1x | 9x | 2.5x |
| Sat, 07 Jan 2023 | R173.9b | R72.1b | R19.8b | 9.2x | 8.8x | 2.4x |
| Mon, 05 Dec 2022 | R168.5b | R73.3b | R20.3b | 9.4x | 8.3x | 2.3x |
| Wed, 02 Nov 2022 | R158.5b | R69.9b | R21.2b | 8.2x | 7.5x | 2.3x |
| Fri, 30 Sep 2022 | R136.5b | R67.5b | R20.7b | 7.8x | 6.6x | 2x |
| Sun, 28 Aug 2022 | R153.0b | R67.6b | R20.9b | 7.8x | 7.3x | 2.3x |
| Tue, 26 Jul 2022 | R156.2b | R68.2b | R21.0b | 8x | 7.4x | 2.3x |
| Thu, 23 Jun 2022 | R155.7b | R66.9b | R19.3b | 9.9x | 8.1x | 2.3x |
| Sat, 21 May 2022 | R166.4b | R68.6b | R21.1b | 9.1x | 7.9x | 2.4x |
| Mon, 18 Apr 2022 | R173.5b | R64.4b | R17.8b | 10.4x | 9.7x | 2.7x |
| Wed, 16 Mar 2022 | R166.5b | R64.5b | R18.2b | 10x | 9.2x | 2.6x |
| Fri, 11 Feb 2022 | R180.7b | R65.8b | R18.4b | 10.5x | 9.8x | 2.7x |
| Sun, 09 Jan 2022 | R179.9b | R67.1b | R17.7b | 11.2x | 10.2x | 2.7x |
| Tue, 07 Dec 2021 | R165.0b | R67.3b | R17.6b | 10.9x | 9.4x | 2.5x |
| Thu, 04 Nov 2021 | R153.9b | R61.2b | R13.7b | 11.5x | 11.2x | 2.5x |
| Sat, 02 Oct 2021 | R142.3b | R58.9b | R13.0b | 11.7x | 10.9x | 2.4x |
| Mon, 30 Aug 2021 | R133.6b | R61.3b | R12.8b | 11.2x | 10.4x | 2.2x |
| Tue, 06 Jul 2021 | R129.2b | R61.3b | R12.8b | 11.3x | 10.1x | 2.1x |
| Fri, 09 Apr 2021 | R116.3b | R61.1b | R12.8b | 9.8x | 9.1x | 1.9x |
| Thu, 31 Dec 2020 | R101.0b | R57.5b | R9.6b | 9.5x | 10.5x | 1.8x |
Price to Earnings Ratio
12.8x
Current Industry PE
- Investors are relatively neutral on the South African Capital Markets industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 9.7x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 9.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the South African Financials industry?
| ZA Market | -0.87% | |
| Financials | -1.03% | |
| Capital Markets | -1.75% | |
| Investment Banking and Brokerage | 0% | |
| Asset Management | -0.70% | |
| Financial Exchanges and Data | -2.08% | |
| Diversified Capital Markets | -2.46% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 12.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Capital Markets industry since they expect its earnings to decline by only 9.8% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 22% per year.
- In contrast, the Diversified Capital Markets industry is expected to see its earnings decline by 9.8% 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 | |
|---|---|---|---|---|---|
| YYLBEE YeboYethu (RF) | R30.01 | 11.1% +R159.3m | -23.1% | PS1.8x | |
| SBP Sabvest Capital | R68.99 | 6.1% +R157.2m | -15.9% | PE7.9x | |
| KST PSG Financial Services | R14.03 | 0.7% +R127.4m | 27.9% | PE17.4x | |
| EPE EPE Capital Partners | R4.30 | 7.5% +R76.2m | -22.0% | PE210.3x | |
| TRE Trencor | R7.02 | 5.6% +R64.2m | 18.0% | PE10.6x |