Subdued Growth No Barrier To Northam Platinum Holdings Limited (JSE:NPH) With Shares Advancing 29%
Apr 05
South African (JSE) Metals and Mining Industry Analysis
UpdatedMay 04, 2024
DataAggregated Company Financials
Companies17
- 7D-2.4%
- 3M-0.5%
- 1Y-21.9%
- YTD-7.3%
Over the last 7 days, the Metals and Mining industry has dropped 2.4%, driven by a pullback from Gold Fields of 8.0%. In contrast, Anglo American Platinum has gained 5.4%. Overall the industry is down 22% in 12 months. Earnings are forecast to grow by 31% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 04 May 2024 | R940.4b | R689.7b | R14.3b | 6.8x | 65.8x | 1.4x |
| Mon, 01 Apr 2024 | R946.1b | R691.8b | R14.6b | 6.5x | 64.9x | 1.4x |
| Wed, 28 Feb 2024 | R864.2b | R723.5b | R83.1b | 7.7x | 10.4x | 1.2x |
| Fri, 26 Jan 2024 | R988.7b | R732.3b | R93.1b | 7.8x | 10.6x | 1.4x |
| Sun, 24 Dec 2023 | R1.1t | R730.3b | R92.9b | 8x | 11.6x | 1.5x |
| Tue, 21 Nov 2023 | R918.0b | R730.1b | R93.4b | 7.2x | 9.8x | 1.3x |
| Thu, 19 Oct 2023 | R935.5b | R734.0b | R93.9b | 7.4x | 10x | 1.3x |
| Sat, 16 Sep 2023 | R1.0t | R820.3b | R96.1b | 6.1x | 10.7x | 1.3x |
| Mon, 14 Aug 2023 | R1.1t | R845.0b | R140.7b | 4.4x | 7.9x | 1.3x |
| Wed, 12 Jul 2023 | R1.1t | R866.6b | R167.3b | 4.2x | 6.8x | 1.3x |
| Fri, 09 Jun 2023 | R1.4t | R877.4b | R176.2b | 4.8x | 7.7x | 1.6x |
| Sun, 07 May 2023 | R1.5t | R884.9b | R182.1b | 5x | 8x | 1.6x |
| Tue, 04 Apr 2023 | R1.3t | R859.4b | R169.0b | 4.7x | 7.4x | 1.5x |
| Thu, 02 Mar 2023 | R1.2t | R864.4b | R169.2b | 4.8x | 6.9x | 1.4x |
| Sat, 28 Jan 2023 | R1.4t | R891.5b | R197.4b | 5.4x | 7x | 1.6x |
| Mon, 26 Dec 2022 | R1.4t | R888.9b | R196.7b | 5.6x | 7.1x | 1.6x |
| Wed, 23 Nov 2022 | R1.4t | R890.9b | R196.9b | 5.4x | 7x | 1.6x |
| Fri, 21 Oct 2022 | R1.2t | R899.8b | R198.4b | 4.6x | 6x | 1.3x |
| Sun, 18 Sep 2022 | R1.1t | R892.7b | R197.4b | 5.1x | 5.8x | 1.3x |
| Tue, 16 Aug 2022 | R1.2t | R902.8b | R212.9b | 5x | 5.7x | 1.3x |
| Thu, 14 Jul 2022 | R1.2t | R944.7b | R248.1b | 4.3x | 4.9x | 1.3x |
| Sat, 11 Jun 2022 | R1.3t | R934.6b | R246.3b | 5.1x | 5.4x | 1.4x |
| Mon, 09 May 2022 | R1.4t | R934.5b | R245.8b | 5.1x | 5.7x | 1.5x |
| Wed, 06 Apr 2022 | R1.7t | R914.1b | R239.7b | 6.2x | 7x | 1.8x |
| Fri, 04 Mar 2022 | R1.9t | R905.2b | R251.7b | 7.3x | 7.6x | 2.1x |
| Sun, 30 Jan 2022 | R1.5t | R914.7b | R269.6b | 6.1x | 5.4x | 1.6x |
| Tue, 28 Dec 2021 | R1.4t | R913.6b | R269.3b | 5.6x | 5.3x | 1.6x |
| Thu, 25 Nov 2021 | R1.4t | R917.4b | R269.8b | 5.1x | 5.1x | 1.5x |
| Sat, 23 Oct 2021 | R1.4t | R928.9b | R271.2b | 5.5x | 5.3x | 1.5x |
| Mon, 20 Sep 2021 | R1.2t | R894.7b | R259.5b | 4.8x | 4.8x | 1.4x |
| Wed, 18 Aug 2021 | R1.5t | R890.5b | R258.5b | 5.7x | 5.6x | 1.6x |
| Wed, 02 Jun 2021 | R1.6t | R800.2b | R210.1b | 9.5x | 7.6x | 2x |
Price to Earnings Ratio
7.6x
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 65.8x which is higher than its 3-year average PE of 10.4x.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 59% per year over the last three years,
- Revenues have also declined 4.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the South African Materials industry?
| ZA Market | 1.90% | |
| Materials | -2.00% | |
| Metals and Mining | -2.44% | |
| Copper | 11.60% | |
| Aluminum | 9.15% | |
| Precious Metals and Minerals | 1.59% | |
| Steel | 0.61% | |
| Silver | 0% | |
| Diversified Metals and Mining | -2.27% | |
| Gold | -7.47% | |
Industry PE
- Investors are most optimistic about the Gold industry, which is trading close to its 3-year average PE ratio of 15.5x.
- Analysts are expecting annual earnings growth of 28.1%, which is higher than its past year's earnings growth of 3.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 54% over the next 5 years.
- This is better than its past earnings decline of 60% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 10% 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 | |
|---|---|---|---|---|---|
| AMS Anglo American Platinum | R668.37 | 5.4% +R9.0b | -41.7% | PE13.5x | |
| KIO Kumba Iron Ore | R479.00 | 0.7% +R1.1b | 5.0% | PE6.8x | |
| NPH Northam Platinum Holdings | R126.95 | 2.0% +R955.2m | -28.4% | PS1.4x | |
| CPR Copper 360 | R4.52 | 11.6% +R296.0m | -24.7% | PS54x | |
| GML Gemfields Group | R2.82 | 4.4% +R140.0m | -24.0% | PS0.7x |