Jamaican (JSE) Market Analysis & Valuation
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies91
- 7D1.4%
- 3M-4.2%
- 1Y-2.2%
- YTD-1.8%
The market is up 1.4% over the last week, with the Industrials sector leading the way, up 5.6%. In contrast, the Communication Services sector is lagging, dropping 4.4%. In the last 12 months, the market has been flat.
Market Valuation and Performance
Has the Jamaican Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 May 2024 | JA$1.5t | JA$1.2t | JA$149.6b | 14.8x | 10.1x | 1.3x |
| Sat, 20 Apr 2024 | JA$1.5t | JA$1.2t | JA$149.6b | 14.8x | 10.2x | 1.3x |
| Mon, 18 Mar 2024 | JA$1.6t | JA$1.2t | JA$150.3b | 15.1x | 10.4x | 1.3x |
| Wed, 14 Feb 2024 | JA$1.5t | JA$1.1t | JA$147.5b | 15.2x | 10.4x | 1.4x |
| Fri, 12 Jan 2024 | JA$1.5t | JA$1.1t | JA$145.4b | 15.2x | 10.3x | 1.4x |
| Sun, 10 Dec 2023 | JA$1.4t | JA$1.1t | JA$145.4b | 14.8x | 9.7x | 1.3x |
| Tue, 07 Nov 2023 | JA$1.4t | JA$1.1t | JA$143.6b | 14.9x | 9.7x | 1.3x |
| Thu, 05 Oct 2023 | JA$1.4t | JA$1.1t | JA$143.6b | 14.9x | 10.1x | 1.3x |
| Sat, 02 Sep 2023 | JA$1.5t | JA$1.1t | JA$141.6b | 15.3x | 10.3x | 1.3x |
| Mon, 31 Jul 2023 | JA$1.4t | JA$1.1t | JA$128.7b | 14.7x | 11.2x | 1.4x |
| Wed, 28 Jun 2023 | JA$1.5t | JA$1.1t | JA$134.8b | 15.5x | 11.1x | 1.4x |
| Fri, 26 May 2023 | JA$1.5t | JA$1.1t | JA$133.4b | 15.6x | 11.1x | 1.4x |
| Sun, 23 Apr 2023 | JA$1.5t | JA$1.0t | JA$135.6b | 15.1x | 11.1x | 1.5x |
| Tue, 21 Mar 2023 | JA$1.4t | JA$1.0t | JA$132.9b | 14.3x | 10.8x | 1.4x |
| Thu, 16 Feb 2023 | JA$1.5t | JA$1.0t | JA$136.6b | 15.1x | 10.9x | 1.5x |
| Sat, 14 Jan 2023 | JA$1.6t | JA$1.0t | JA$138.8b | 15.8x | 11.2x | 1.5x |
| Mon, 12 Dec 2022 | JA$1.5t | JA$993.9b | JA$134.9b | 14.8x | 11.3x | 1.5x |
| Wed, 09 Nov 2022 | JA$1.6t | JA$956.0b | JA$137.2b | 15.9x | 11.4x | 1.6x |
| Fri, 07 Oct 2022 | JA$1.6t | JA$952.8b | JA$138.7b | 16.9x | 11.7x | 1.7x |
| Sun, 04 Sep 2022 | JA$1.6t | JA$934.8b | JA$137.3b | 16.1x | 11.8x | 1.7x |
| Tue, 02 Aug 2022 | JA$1.7t | JA$915.3b | JA$133.4b | 16.4x | 12.7x | 1.9x |
| Thu, 30 Jun 2022 | JA$1.7t | JA$897.5b | JA$128.8b | 15.3x | 13.3x | 1.9x |
| Sat, 28 May 2022 | JA$1.7t | JA$858.1b | JA$122.3b | 15.6x | 14.1x | 2x |
| Mon, 25 Apr 2022 | JA$1.8t | JA$838.0b | JA$112.5b | 20x | 16x | 2.1x |
| Wed, 23 Mar 2022 | JA$1.7t | JA$825.7b | JA$109.2b | 19x | 15.4x | 2x |
| Fri, 18 Feb 2022 | JA$1.7t | JA$822.9b | JA$107.5b | 19.5x | 16.2x | 2.1x |
| Sun, 16 Jan 2022 | JA$1.7t | JA$822.3b | JA$108.6b | 17.8x | 15.3x | 2x |
| Tue, 14 Dec 2021 | JA$1.6t | JA$817.8b | JA$111.2b | 17x | 14.8x | 2x |
| Thu, 11 Nov 2021 | JA$1.7t | JA$795.3b | JA$105.2b | 19.1x | 16x | 2.1x |
| Sat, 09 Oct 2021 | JA$1.7t | JA$791.6b | JA$105.8b | 18.2x | 16.2x | 2.2x |
| Mon, 06 Sep 2021 | JA$1.7t | JA$787.8b | JA$102.8b | 17.6x | 16.6x | 2.2x |
| Wed, 04 Aug 2021 | JA$1.7t | JA$787.5b | JA$104.2b | 17.9x | 16.6x | 2.2x |
Price to Earnings Ratio
17.5x
Current Market PE
- Investors are pessimistic on the Jamaican market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 10.1x which is lower than its 3-year average PE of 12.6x.
Past Earnings Growth
- The earnings for Jamaican listed companies have grown 15% per year over the last three years.
- Revenues for these companies have grown 16% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Jamaican Market?
| JM Market | 1.41% | |
| Industrials | 5.56% | |
| Tech | 4.55% | |
| Energy | 4.37% | |
| Materials | 1.80% | |
| Consumer Staples | 1.53% | |
| Financials | 0.82% | |
| Real Estate | 0.66% | |
| Consumer Discretionary | 0.26% | |
| Healthcare | -0.28% | |
| Telecom | -4.40% | |
| Utilities | -4.88% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading close to its 3-year average PE ratio of 66.9x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.1x.
Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SGJ Scotia Group Jamaica | JA$44.00 | 4.8% +JA$6.2b | 29.4% | PB1.1x | Financials | |
| PBS Productive Business Solutions | US$1.60 | 4.6% +US$13.2m | 10.3% | PE26.6x | Tech | |
| GENAC General Accident Insurance Company Jamaica | JA$7.09 | 12.5% +JA$814.7m | 41.8% | PE19.5x | Financials | |
| DCOVE Dolphin Cove | JA$22.69 | 8.0% +JA$663.2m | 46.4% | PE18.7x | Consumer Discretionary | |
| LASM Lasco Manufacturing | JA$5.52 | 2.6% +JA$578.6m | 33.7% | PE9.4x | Consumer Staples |
