Botswanan (BSE) Market Analysis & Valuation

Market Valuation and Performance

Has the Botswanan Market valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 27 Apr 2024	P52.5b	P46.0b	P5.3b	8.9x	9.9x	1.1x
Mon, 25 Mar 2024	P52.1b	P46.2b	P5.7b	8.5x	9.1x	1.1x
Wed, 21 Feb 2024	P50.8b	P38.7b	P5.4b	9x	9.4x	1.3x
Fri, 19 Jan 2024	P50.4b	P38.7b	P5.4b	9x	9.4x	1.3x
Sun, 17 Dec 2023	P50.4b	P38.7b	P5.3b	9.2x	9.4x	1.3x
Tue, 14 Nov 2023	P49.6b	P38.5b	P5.3b	9.2x	9.4x	1.3x
Thu, 12 Oct 2023	P49.2b	P38.5b	P5.3b	9.2x	9.3x	1.3x
Sat, 09 Sep 2023	P48.2b	P37.7b	P5.2b	9.5x	9.2x	1.3x
Mon, 07 Aug 2023	P46.2b	P36.7b	P4.9b	9.3x	9.4x	1.3x
Wed, 05 Jul 2023	P44.7b	P36.7b	P4.9b	9.1x	9.1x	1.2x
Fri, 02 Jun 2023	P43.6b	P35.1b	P4.9b	9.1x	8.9x	1.2x
Sun, 30 Apr 2023	P43.4b	P35.1b	P4.9b	9.3x	8.9x	1.2x
Tue, 28 Mar 2023	P42.6b	P32.6b	P5.1b	9.4x	8.4x	1.3x
Thu, 23 Feb 2023	P42.3b	P31.8b	P5.1b	9.9x	8.4x	1.3x
Sat, 21 Jan 2023	P41.5b	P31.8b	P5.0b	9.5x	8.3x	1.3x
Mon, 19 Dec 2022	P41.3b	P31.6b	P5.0b	9.4x	8.2x	1.3x
Wed, 16 Nov 2022	P40.6b	P31.8b	P5.0b	9.2x	8.1x	1.3x
Fri, 14 Oct 2022	P40.0b	P31.4b	P4.9b	9.5x	8.2x	1.3x
Sun, 11 Sep 2022	P39.6b	P30.2b	P4.5b	10.2x	8.8x	1.3x
Tue, 09 Aug 2022	P38.7b	P29.8b	P4.5b	10.3x	8.6x	1.3x
Thu, 07 Jul 2022	P38.3b	P29.7b	P4.5b	10.4x	8.5x	1.3x
Sat, 04 Jun 2022	P38.5b	P29.9b	P4.5b	9.6x	8.5x	1.3x
Mon, 02 May 2022	P38.5b	P29.8b	P4.5b	10.7x	8.6x	1.3x
Wed, 30 Mar 2022	P38.5b	P29.5b	P3.7b	11.2x	10.3x	1.3x
Fri, 25 Feb 2022	P38.2b	P28.9b	P3.6b	10.5x	10.5x	1.3x
Sun, 23 Jan 2022	P37.5b	P28.4b	P3.6b	10.9x	10.3x	1.3x
Tue, 21 Dec 2021	P36.6b	P28.2b	P3.6b	10.9x	10.1x	1.3x
Thu, 18 Nov 2021	P36.4b	P28.2b	P3.6b	10.5x	10.2x	1.3x
Sat, 16 Oct 2021	P36.1b	P28.4b	P3.5b	10.5x	10.3x	1.3x
Mon, 13 Sep 2021	P35.7b	P28.4b	P3.5b	10.6x	10.1x	1.3x
Wed, 11 Aug 2021	P34.8b	P28.3b	P3.4b	11x	10.3x	1.2x
Sun, 06 Jun 2021	P34.2b	P28.0b	P3.3b	10.6x	10.4x	1.2x

Current Market PE

Investors are relatively neutral on the Batswana market at the moment, indicating that they expect earnings will grow in line with historical growth rates.

The market is trading close to its 3-year average PE ratio of 9.3x.

Past Earnings Growth

The earnings for Batswana listed companies have grown 17% per year over the last three years.
Revenues for these companies have grown 18% 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 Botswanan Market?


BW Market	0.30%
Financials	0.57%
Consumer Discretionary	0.019%
Energy	0%
Real Estate	0%
Materials	0%
Industrials	0%
Consumer Staples	0%
Healthcare	0%
Tech	0%
Utilities	0%
Telecom	-1.22%

Sector PE

Investors favour the Energy sector the most for future growth even though it's trading below its 3-year average PE ratio of 44.3x.

It looks like investors are confident that earnings will grow faster in the future than they have historically.

Forecasted Growth

Analysts are most optimistic on the Consumer Staples sector, expecting annual earnings growth of 18% over the next 5 years.
However this is lower than its past earnings growth rate of 51% per year.

In contrast, the Consumer Staples sector is expected to see its earnings grow by 18% per year over the next few years.

Company	Last Price	7D	1Y	Valuation	Sector
FNBB First National Bank of Botswana	P4.69	0.6% +P76.3m	31.7%	PB3.1x	Financials
STANCHART Standard Chartered Bank Botswana	P5.60	1.4% +P23.7m	47.4%	PB1.3x	Financials
BIHL Botswana Insurance Holdings	P20.25	0.2% +P14.2m	7.1%	PE7.5x	Financials
CHOBE Chobe Holdings	P15.28	0.07% +P894.4k	63.2%	PE9.8x	Consumer Discretionary

Company

Last Price

Valuation

Sector

FNBB First National Bank of Botswana

P4.69

0.6%
+P76.3m

31.7%

PB3.1x

Financials

STANCHART Standard Chartered Bank Botswana

P5.60