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South African (JSE) Financials Sector Analysis

UpdatedMay 04, 2024
DataAggregated Company Financials
Companies38
  • 7D2.5%
  • 3M-3.5%
  • 1Y8.0%
  • YTD-6.5%

Over the last 7 days, the Financials industry has risen 2.5%, driven by gains from Standard Bank Group of 3.6%. In the last 12 months, the industry was up 8.0%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

Has the South African Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 May 2024R1.8tR1.2tR182.4b9.6x9.9x1.5x
Mon, 01 Apr 2024R1.8tR1.2tR181.5b9.1x9.8x1.5x
Wed, 28 Feb 2024R1.9tR1.2tR178.6b9.7x10.5x1.6x
Fri, 26 Jan 2024R1.9tR1.2tR178.8b9.9x10.5x1.6x
Sun, 24 Dec 2023R1.9tR1.2tR178.5b9.9x10.7x1.6x
Tue, 21 Nov 2023R1.9tR1.2tR176.6b10.1x10.5x1.6x
Thu, 19 Oct 2023R1.8tR1.2tR179.8b9.9x9.8x1.5x
Sat, 16 Sep 2023R1.8tR1.2tR182.4b9.9x9.9x1.6x
Mon, 14 Aug 2023R1.9tR993.4bR177.2b10x10.6x1.9x
Wed, 12 Jul 2023R1.7tR1.0tR176.4b10.1x9.8x1.7x
Fri, 09 Jun 2023R1.7tR1.0tR178.0b10.2x9.4x1.7x
Sun, 07 May 2023R1.7tR1.0tR179.0b9.1x9.3x1.6x
Tue, 04 Apr 2023R1.7tR1.0tR181.1b9.5x9.6x1.7x
Thu, 02 Mar 2023R1.9tR1.1tR172.8b9.6x10.7x1.8x
Sat, 28 Jan 2023R1.8tR1.1tR172.7b9.6x10.5x1.7x
Mon, 26 Dec 2022R1.8tR1.0tR172.2b8.9x10.2x1.7x
Wed, 23 Nov 2022R1.8tR1.0tR178.2b8.9x10.2x1.7x
Fri, 21 Oct 2022R1.7tR1.0tR175.1b8.5x9.6x1.6x
Sun, 18 Sep 2022R1.6tR1.0tR167.9b9.2x9.7x1.6x
Tue, 16 Aug 2022R1.8tR1.3tR151.6b9.6x12.1x1.4x
Thu, 14 Jul 2022R1.7tR1.3tR150.3b9.8x11x1.3x
Sat, 11 Jun 2022R1.7tR1.3tR150.0b10.3x11.5x1.4x
Mon, 09 May 2022R1.7tR1.3tR148.1b10.5x11.8x1.4x
Wed, 06 Apr 2022R2.1tR1.3tR149.2b11.5x13.7x1.5x
Fri, 04 Mar 2022R2.0tR1.3tR135.9b12.3x15x1.6x
Sun, 30 Jan 2022R1.9tR1.3tR134.7b11.9x14x1.5x
Tue, 28 Dec 2021R1.8tR1.3tR133.6b11.9x13.4x1.4x
Thu, 25 Nov 2021R1.7tR1.3tR132.8b11.4x12.9x1.3x
Sat, 23 Oct 2021R1.7tR1.3tR126.4b12.1x13.6x1.4x
Mon, 20 Sep 2021R1.7tR1.2tR113.3b11.6x15.1x1.4x
Wed, 18 Aug 2021R1.7tR1.2tR100.7b11.6x17.1x1.4x
Wed, 02 Jun 2021R1.6tR1.1tR77.8b13.3x21.1x1.5x
Price to Earnings Ratio

21.1x


Total Market Cap: R1.6tTotal Earnings: R77.8bTotal Revenue: R1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
South African Financials Sector Price to Earnings3Y Average 11.8x202220232024
Current Industry PE
  • Investors are pessimistic on the South African Financials 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 9.9x which is lower than its 3-year average PE of 11.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 33% per year over the last three years.
  • Revenues for these companies have grown 2.6% 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 sector?

ZA Market1.90%
Financials2.49%
Consumer Finance5.00%
Banks2.72%
Diversified Financial2.48%
Insurance2.45%
Capital Markets1.61%
Mortgage Finance0%
Mortgage REITs0%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry even though it's trading below its 3-year average PE ratio of 13.2x.
    • Analysts are expecting annual earnings growth of 15.7%, which is higher than its past year's earnings decline of 5.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 5.5% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings grow by 3.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SBK Standard Bank GroupR178.983.6%
+R10.2b		9.1%PB1.2x
FSR FirstRandR65.032.3%
+R8.4b		2.7%PE9.6x
ABG Absa GroupR147.004.0%
+R4.7b		-10.6%PB0.8x
CPI Capitec Bank HoldingsR2.27k1.4%
+R3.5b		42.3%PB6x
DSY DiscoveryR117.364.4%
+R3.2b		-15.9%PE14.9x
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CPI

R2,270.00

Capitec Bank Holdings

7D

1.4%

1Y

42.3%

ABG

R147.00

Absa Group

7D

4.0%

1Y

-10.6%

SBK

R178.98

Standard Bank Group

7D

3.6%

1Y

9.1%

OMU

R10.99

Old Mutual

7D

4.5%

1Y

-4.6%

DSY

R117.36

Discovery

7D

4.4%

1Y

-15.9%

SNT

R296.99

Santam

7D

-1.2%

1Y

8.3%

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SBP

R66.20

Sabvest Capital

7D

-1.9%

1Y

-13.5%

NED

R228.06

Nedbank Group

7D

2.4%

1Y

9.0%

SLM

R68.30

Sanlam

7D

1.6%

1Y

24.0%

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TRE

R7.20

Trencor

7D

-1.4%

1Y

9.1%

CTA

R1.16

Capital Appreciation

7D

-1.7%

1Y

-27.5%

SFN

R15.26

Sasfin Holdings

7D

-7.2%

1Y

-37.7%

FSR

R65.03

FirstRand

7D

2.3%

1Y

2.7%

RHB

R3.20

RH Bophelo

7D

-13.7%

1Y

60.0%

MHB

R4.70

Mahube Infrastructure

7D

-6.0%

1Y

-27.1%

YYLBEE

R21.10

YeboYethu (RF)

7D

-1.9%

1Y

-40.6%