Ghanaian (GSE) Market Analysis & Valuation
UpdatedMay 23, 2022
DataAggregated Company Financials
Companies24
- 7D0.1%
- 3M-6.8%
- 1Y4.6%
- YTD-7.7%
In the last week, the market has been flat. Meanwhile, the market is actually up 4.6% over the past year. Earnings are forecast to grow by 21% annually.
Market Valuation and Performance
Has the Ghanaian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | GH₵25.2b | GH₵33.3b | GH₵5.3b | 4.9x |
| Wed, 20 Apr 2022 | GH₵26.5b | GH₵30.5b | GH₵5.0b | 5.8x |
| Fri, 18 Mar 2022 | GH₵27.2b | GH₵30.3b | GH₵5.0b | 6x |
| Sun, 13 Feb 2022 | GH₵25.7b | GH₵27.7b | GH₵4.6b | 5.8x |
| Tue, 11 Jan 2022 | GH₵25.7b | GH₵27.2b | GH₵4.6b | 5.5x |
| Thu, 09 Dec 2021 | GH₵26.9b | GH₵27.2b | GH₵4.6b | 5.5x |
| Sat, 06 Nov 2021 | GH₵28.1b | GH₵26.3b | GH₵4.5b | 5.7x |
| Mon, 04 Oct 2021 | GH₵27.3b | GH₵24.2b | GH₵4.3b | 4.8x |
| Wed, 01 Sep 2021 | GH₵28.0b | GH₵25.7b | GH₵4.4b | 4.8x |
| Thu, 08 Jul 2021 | GH₵26.6b | GH₵25.7b | GH₵4.4b | 4.7x |
| Wed, 31 Mar 2021 | GH₵22.0b | GH₵23.7b | GH₵4.2b | 5x |
| Sat, 02 Jan 2021 | GH₵19.0b | GH₵23.0b | GH₵3.9b | 4.6x |
| Tue, 06 Oct 2020 | GH₵18.3b | GH₵22.7b | GH₵3.7b | 4.7x |
| Fri, 10 Jul 2020 | GH₵18.6b | GH₵22.6b | GH₵3.3b | 5.3x |
| Thu, 02 Apr 2020 | GH₵21.2b | GH₵23.1b | GH₵3.1b | 6.2x |
| Sun, 05 Jan 2020 | GH₵22.2b | GH₵22.4b | GH₵2.9b | 6.2x |
| Wed, 09 Oct 2019 | GH₵21.7b | GH₵21.9b | GH₵2.8b | 7.2x |
| Tue, 02 Jul 2019 | GH₵23.4b | GH₵21.0b | GH₵2.6b | 7.5x |
Median PE Ratio
9.8x
Current Market PE
- Investors are relatively neutral on the 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 5.8x.
Past Earnings Growth
- The earnings for Ghanaian listed companies have grown 28% per year over the last three years.
- Revenues for these companies have grown 19% 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 Ghanaian Market?
| GH Market | 0.098% | |
| Financials | 0.21% | |
| Energy | 0.096% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | 0% | |
| Consumer Staples | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
| Utilities | 0% | |
Sector PE
- Investors are most optimistic about the Consumer Staples sector which is trading above its 3-year average PE ratio of 25.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Financials sector, which is trading close to its 3-year average of 4.4x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 49% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| CAL CalBank | GH₵0.91 | 4.6% +GH₵25.1m | 13.8% | PB0.4x | Financials | |
| SIC SIC Insurance | GH₵0.28 | 7.7% +GH₵3.9m | 300.0% | PS1.9x | Financials | |
| TOTAL Total Petroleum Ghana | GH₵4.06 | 0.2% +GH₵1.1m | 24.9% | PS4.3x | Energy |