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South African (JSE) Metals and Mining Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies19
- 7D-4.6%
- 3M-17.1%
- 1Y-23.5%
- YTD-31.8%
Over the last 7 days, the Metals and Mining industry has dropped 4.6%, driven by a pullback from Gold Fields of 1.9%. However, the industry is down 23% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the South African Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | R878.6b | R732.9b | R93.8b | 6.9x | 9.4x | 1.2x |
| Thu, 28 Sep 2023 | R1.0t | R821.2b | R95.7b | 8.5x | 10.6x | 1.2x |
| Sat, 26 Aug 2023 | R1.0t | R840.1b | R137.2b | 4.4x | 7.5x | 1.2x |
| Mon, 24 Jul 2023 | R1.2t | R860.7b | R166.7b | 4.5x | 7.3x | 1.4x |
| Wed, 21 Jun 2023 | R1.3t | R872.7b | R175.6b | 4.5x | 7.2x | 1.4x |
| Fri, 19 May 2023 | R1.4t | R894.6b | R183.3b | 4.8x | 7.5x | 1.5x |
| Sun, 16 Apr 2023 | R1.3t | R862.2b | R169.5b | 5.1x | 7.9x | 1.6x |
| Tue, 14 Mar 2023 | R1.2t | R857.5b | R167.7b | 4.8x | 7.4x | 1.4x |
| Thu, 09 Feb 2023 | R1.4t | R897.2b | R198.4b | 5.3x | 6.9x | 1.5x |
| Sat, 07 Jan 2023 | R1.5t | R891.5b | R197.4b | 6x | 7.6x | 1.7x |
| Mon, 05 Dec 2022 | R1.4t | R892.6b | R197.2b | 5.5x | 7.3x | 1.6x |
| Wed, 02 Nov 2022 | R1.2t | R900.1b | R198.5b | 5x | 6.2x | 1.4x |
| Fri, 30 Sep 2022 | R1.1t | R895.9b | R197.9b | 5.1x | 5.7x | 1.3x |
| Sun, 28 Aug 2022 | R1.2t | R891.2b | R202.7b | 5.8x | 6x | 1.4x |
| Tue, 26 Jul 2022 | R1.1t | R943.6b | R247.9b | 4x | 4.6x | 1.2x |
| Thu, 23 Jun 2022 | R1.3t | R935.0b | R246.4b | 4.8x | 5.1x | 1.3x |
| Sat, 21 May 2022 | R1.4t | R934.2b | R245.7b | 5x | 5.5x | 1.5x |
| Mon, 18 Apr 2022 | R1.7t | R922.7b | R243.7b | 6.4x | 6.9x | 1.8x |
| Wed, 16 Mar 2022 | R1.7t | R910.0b | R236.4b | 7.1x | 7.3x | 1.9x |
| Fri, 11 Feb 2022 | R1.6t | R908.9b | R268.3b | 6.1x | 5.9x | 1.7x |
| Sun, 09 Jan 2022 | R1.5t | R914.5b | R269.5b | 6.1x | 5.4x | 1.6x |
| Tue, 07 Dec 2021 | R1.5t | R917.1b | R270.0b | 5.5x | 5.4x | 1.6x |
| Thu, 04 Nov 2021 | R1.4t | R935.0b | R272.0b | 5.3x | 5.1x | 1.5x |
| Sat, 02 Oct 2021 | R1.2t | R919.1b | R263.9b | 4.9x | 4.6x | 1.3x |
| Mon, 30 Aug 2021 | R1.4t | R890.5b | R258.5b | 5.6x | 5.5x | 1.6x |
| Tue, 06 Jul 2021 | R1.4t | R890.5b | R258.5b | 5.4x | 5.5x | 1.6x |
| Fri, 09 Apr 2021 | R1.6t | R800.2b | R210.1b | 8.4x | 7.8x | 2.1x |
| Thu, 31 Dec 2020 | R1.4t | R701.3b | R158.0b | 9.5x | 8.6x | 1.9x |
Price to Earnings Ratio
10x
Current Industry PE
- Investors are optimistic on the South African Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.3x which is higher than its 3-year average PE of 7.0x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 6.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the South African Materials industry?
| ZA Market | -0.87% | |
| Materials | -1.95% | |
| Metals and Mining | -1.29% | |
| Steel | 2.43% | |
| Copper | 1.50% | |
| Aluminum | 0.35% | |
| Silver | 0% | |
| Diversified Metals and Mining | -1.71% | |
| Precious Metals and Minerals | -1.93% | |
| Gold | -2.44% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 14.4x.
- Analysts are expecting annual earnings growth of 31.1%, which is higher than its past year's earnings decline of 27.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Gold industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the Diversified Metals and Mining industry is expected to see its earnings decline by 20% 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 | |
|---|---|---|---|---|---|
| KIO Kumba Iron Ore | R497.25 | 2.5% +R4.0b | 43.7% | PE12.2x | |
| THA Tharisa | R14.20 | 3.0% +R123.0m | -31.3% | PE1.9x | |
| CPR Copper 360 | R4.05 | 1.5% +R37.8m | n/a | PS76.5x | |
| HLM Hulamin | R2.83 | 0.4% +R3.1m | -7.8% | PE2x | |
| SXM Sable Exploration and Mining | R0.11 | 83.3% +R217.6k | -78.0% | PE-0.07x |