South African (JSE) Asset Management Industry Analysis
UpdatedMay 03, 2024
DataAggregated Company Financials
Companies15
- 7D0.9%
- 3M-1.4%
- 1Y-3.6%
- YTDn/a
In the last week, the Asset Management industry is up 1.6%, with Coronation Fund Managers leading the way, up 2.2%. Despite this gain, the industry's performance has been flat over the past year.
Industry Valuation and Performance
Has the South African Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 03 May 2024 | R55.0b | R21.3b | R4.2b | 10.8x | 13x | 2.6x |
| Sun, 31 Mar 2024 | R55.1b | R21.0b | R3.0b | 10.9x | 18.1x | 2.6x |
| Tue, 27 Feb 2024 | R57.2b | R20.4b | -R520,631,000.00 | 14.4x | -110x | 2.8x |
| Thu, 25 Jan 2024 | R62.7b | R24.4b | -R147,838,000.00 | 11.9x | -423.9x | 2.6x |
| Sat, 23 Dec 2023 | R63.2b | R24.4b | -R147,838,000.00 | 12.2x | -427.3x | 2.6x |
| Mon, 20 Nov 2023 | R62.4b | R25.8b | -R1,126,450,977.00 | 16.5x | -55.4x | 2.4x |
| Wed, 18 Oct 2023 | R64.7b | R26.2b | -R837,128,977.00 | 15.1x | -77.3x | 2.5x |
| Fri, 15 Sep 2023 | R56.3b | R23.8b | -R2,836,819,977.00 | 15.1x | -19.8x | 2.4x |
| Sun, 13 Aug 2023 | R57.2b | R24.1b | -R2,400,034,977.00 | 18x | -23.9x | 2.4x |
| Tue, 11 Jul 2023 | R55.2b | R24.1b | -R2,400,034,977.00 | 18.1x | -23x | 2.3x |
| Thu, 08 Jun 2023 | R58.9b | R24.0b | -R896,444,000.00 | 17.6x | -65.7x | 2.5x |
| Sat, 06 May 2023 | R59.3b | R24.1b | -R188,855,786.00 | 12.4x | -313.7x | 2.5x |
| Mon, 03 Apr 2023 | R58.0b | R23.8b | R2.4b | 10.5x | 24.5x | 2.4x |
| Wed, 01 Mar 2023 | R69.6b | R26.0b | R4.2b | 9.6x | 16.4x | 2.7x |
| Fri, 27 Jan 2023 | R69.7b | R26.0b | R4.2b | 9.6x | 16.4x | 2.7x |
| Sun, 25 Dec 2022 | R67.4b | R26.0b | R4.3b | 9x | 15.8x | 2.6x |
| Tue, 22 Nov 2022 | R67.4b | R26.5b | R9.6b | 7.9x | 7x | 2.5x |
| Thu, 20 Oct 2022 | R64.3b | R27.2b | R10.4b | 7.8x | 6.2x | 2.4x |
| Sat, 17 Sep 2022 | R66.8b | R26.9b | R10.4b | 8.2x | 6.4x | 2.5x |
| Mon, 15 Aug 2022 | R70.5b | R27.0b | R10.6b | 8.2x | 6.7x | 2.6x |
| Wed, 13 Jul 2022 | R66.7b | R27.0b | R9.3b | 9.2x | 7.2x | 2.5x |
| Fri, 10 Jun 2022 | R70.6b | R28.0b | R10.0b | 7.8x | 7.1x | 2.5x |
| Sun, 08 May 2022 | R74.5b | R28.2b | R10.1b | 8x | 7.4x | 2.6x |
| Tue, 05 Apr 2022 | R79.4b | R27.6b | R11.2b | 7.2x | 7.1x | 2.9x |
| Thu, 03 Mar 2022 | R79.2b | R27.2b | R10.3b | 9.7x | 7.7x | 2.9x |
| Sat, 29 Jan 2022 | R84.6b | R27.3b | R10.3b | 10.1x | 8.2x | 3.1x |
| Mon, 27 Dec 2021 | R83.3b | R27.2b | R9.2b | 10.2x | 9x | 3.1x |
| Wed, 24 Nov 2021 | R80.0b | R26.9b | R8.3b | 11.5x | 9.6x | 3x |
| Fri, 22 Oct 2021 | R78.6b | R26.8b | R8.3b | 11x | 9.5x | 2.9x |
| Sun, 19 Sep 2021 | R69.1b | R25.9b | R7.5b | 10.5x | 9.2x | 2.7x |
| Tue, 17 Aug 2021 | R67.7b | R28.2b | R7.6b | 10.4x | 9x | 2.4x |
| Tue, 01 Jun 2021 | R69.6b | R28.0b | R7.4b | 11.4x | 9.4x | 2.5x |
Price to Earnings Ratio
9.3x
Current Industry PE
- Investors are pessimistic on the South African Asset Management and Custody Banks 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 13.1x which is higher than its 3-year average PE of -35.6x.
- The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have declined 17% per year over the last three years,
- Revenues have also declined 8.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does South African Asset Management compare with similar industries?
| ZA Market | 3.08% | |
| Financials | 4.90% | |
| Capital Markets | 1.43% | |
| Asset Management | 0.90% | |
| Financial Exchanges and Data | 2.69% | |
| Diversified Capital Markets | 1.62% | |
| Investment Banking and Brokerage | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KST PSG Financial Services | R15.40 | 2.7% +R507.2m | 18.3% | PE18.9x | |
| CML Coronation Fund Managers | R30.70 | 1.2% +R123.1m | -0.6% | PE16.8x | |
| ZED Zeder Investments | R1.83 | 4.0% +R107.5m | 3.4% | PE234.1x | |
| AFH Alexander Forbes Group Holdings | R6.32 | 1.1% +R86.4m | 23.7% | PE11.6x | |
| BAT Brait | R1.30 | 4.8% +R79.2m | -62.8% | PB0.2x |