South African (JSE) Diversified Financial Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies6
- 7D-0.3%
- 3M-16.4%
- 1Y-7.2%
- YTD-2.7%
Last week, the Diversified Financial industry hasn't moved much but AfroCentric Investment is up 8.1% in that time. Unfortunately though, the industry is down 7.2% over the past 12 months. Earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the South African Diversified Financial Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | R421.5b | R182.2b | R42.2b | 13.6x | 10x | 2.3x |
| Wed, 27 Sep 2023 | R455.9b | R182.2b | R42.2b | 14.7x | 10.8x | 2.5x |
| Fri, 25 Aug 2023 | R506.1b | R210.7b | R47.2b | 7.5x | 10.7x | 2.4x |
| Sun, 23 Jul 2023 | R488.2b | R210.7b | R47.2b | 8.5x | 10.4x | 2.3x |
| Tue, 20 Jun 2023 | R477.7b | R210.7b | R47.5b | 8.2x | 10.1x | 2.3x |
| Thu, 18 May 2023 | R424.3b | R210.5b | R47.6b | 9.8x | 8.9x | 2x |
| Sat, 15 Apr 2023 | R448.6b | R210.5b | R47.6b | 10.4x | 9.4x | 2.1x |
| Mon, 13 Mar 2023 | R459.0b | R203.2b | R48.5b | 8x | 9.5x | 2.3x |
| Wed, 08 Feb 2023 | R445.3b | R195.7b | R46.3b | 8x | 9.6x | 2.3x |
| Fri, 06 Jan 2023 | R431.2b | R195.7b | R46.3b | 7.7x | 9.3x | 2.2x |
| Sun, 04 Dec 2022 | R424.9b | R195.7b | R47.0b | 6.1x | 9x | 2.2x |
| Tue, 01 Nov 2022 | R442.5b | R195.4b | R47.0b | 8.3x | 9.4x | 2.3x |
| Thu, 29 Sep 2022 | R426.9b | R195.4b | R47.1b | 5.7x | 9.1x | 2.2x |
| Sat, 27 Aug 2022 | R467.5b | R184.6b | R39.7b | 7.7x | 11.8x | 2.5x |
| Mon, 25 Jul 2022 | R442.5b | R184.6b | R39.7b | 7.3x | 11.1x | 2.4x |
| Wed, 22 Jun 2022 | R450.9b | R184.5b | R39.1b | 9.3x | 11.5x | 2.4x |
| Fri, 20 May 2022 | R458.1b | R184.5b | R39.2b | 9.3x | 11.7x | 2.5x |
| Sun, 17 Apr 2022 | R476.9b | R184.5b | R39.2b | 9.9x | 12.2x | 2.6x |
| Tue, 15 Mar 2022 | R577.9b | R192.8b | R40.3b | 8.3x | 14.3x | 3x |
| Thu, 10 Feb 2022 | R530.0b | R184.8b | R35.6b | 8.2x | 14.9x | 2.9x |
| Sat, 08 Jan 2022 | R521.0b | R184.8b | R35.6b | 9.1x | 14.6x | 2.8x |
| Mon, 06 Dec 2021 | R483.8b | R184.8b | R35.6b | 9.2x | 13.6x | 2.6x |
| Wed, 03 Nov 2021 | R498.6b | R182.8b | R34.6b | 8.9x | 14.4x | 2.7x |
| Fri, 01 Oct 2021 | R522.6b | R182.8b | R34.6b | 10.1x | 15.1x | 2.9x |
| Sun, 29 Aug 2021 | R495.0b | R155.3b | R14.5b | 15.1x | 34.2x | 3.2x |
| Mon, 05 Jul 2021 | R445.6b | R155.3b | R14.5b | 13.6x | 30.8x | 2.9x |
| Thu, 08 Apr 2021 | R425.4b | R155.3b | R14.5b | 13.3x | 29.4x | 2.7x |
| Sun, 10 Jan 2021 | R412.1b | R154.5b | R13.4b | 16.9x | 30.6x | 2.7x |
Price to Earnings Ratio
22.3x
Current Industry PE
- Investors are pessimistic on the South African Diversified Financial industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 10.0x which is lower than its 3-year average PE of 16.6x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Diversified Financial industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 5.9% 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 | -1.18% | |
| Financials | -1.22% | |
| Diversified Financial | -0.28% | |
| Specialized Finance | 0% | |
| Other Diversified Financial Services | -0.0085% | |
| Multi-Sector Holdings | -1.33% | |
| Transaction and Payment Processing Services | -3.51% | |
Industry PE
- Investors are most optimistic about the Transaction and Payment Processing Services industry even though it's trading below its 3-year average PE ratio of 18.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Other Diversified Financial Services industry, which is trading below its 3-year average of 14.2x.
Forecasted Growth
- Analysts are most optimistic on the Multi-Sector Holdings industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings decline of 43% per year.
- In contrast, the Other Diversified Financial Services industry is expected to see its earnings grow by 9.0% 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 | |
|---|---|---|---|---|---|
| FSR FirstRand | R61.19 | 0.6% +R2.1b | -4.9% | PE9.4x | |
| ACT AfroCentric Investment | R3.59 | 8.1% +R219.8m | -30.0% | PE16x | |
| RMH RMB Holdings | R0.50 | 2.0% +R13.7m | -23.1% | PS9x | |
| DNB Deneb Investments | R2.06 | 1.5% +R13.2m | -15.6% | PE6.4x |