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Jamaican (JSE) Market Analysis & Valuation

UpdatedOct 14, 2024
DataAggregated Company Financials
Companies92
  • 7D0.4%
  • 3M-0.6%
  • 1Y2.0%
  • YTD-1.8%

Over the last 7 days, the market has remained flat, although notably the Materials sector gained 7.2% in that time. In line with that, the market has also been flat over the past year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Oct 2024JA$1.5tJA$1.2tJA$128.1b14.6x11.8x1.2x
Thu, 12 Sep 2024JA$1.5tJA$1.2tJA$128.1b14.4x11.5x1.2x
Sat, 10 Aug 2024JA$1.5tJA$1.2tJA$143.8b13.9x10.3x1.2x
Mon, 08 Jul 2024JA$1.5tJA$1.2tJA$144.0b13.6x10.5x1.3x
Wed, 05 Jun 2024JA$1.5tJA$1.2tJA$152.8b13.9x10x1.3x
Fri, 03 May 2024JA$1.5tJA$1.2tJA$149.9b15.1x10.2x1.3x
Sun, 31 Mar 2024JA$1.6tJA$1.2tJA$150.4b14.6x10.4x1.3x
Tue, 27 Feb 2024JA$1.6tJA$1.2tJA$165.0b14.9x9.4x1.3x
Thu, 25 Jan 2024JA$1.5tJA$1.1tJA$145.4b15x10.2x1.3x
Sat, 23 Dec 2023JA$1.5tJA$1.1tJA$145.5b14.6x10x1.3x
Mon, 20 Nov 2023JA$1.4tJA$1.1tJA$156.9b14.2x8.8x1.2x
Wed, 18 Oct 2023JA$1.4tJA$1.1tJA$142.9b14.8x9.8x1.3x
Fri, 15 Sep 2023JA$1.4tJA$1.1tJA$143.4b14.1x9.7x1.3x
Sun, 13 Aug 2023JA$1.4tJA$1.1tJA$126.1b15.3x11.3x1.3x
Tue, 11 Jul 2023JA$1.5tJA$1.1tJA$134.8b15.4x11x1.4x
Thu, 08 Jun 2023JA$1.5tJA$1.1tJA$133.0b15.7x11.3x1.4x
Sat, 06 May 2023JA$1.5tJA$1.0tJA$134.1b15.1x11.3x1.5x
Mon, 03 Apr 2023JA$1.5tJA$1.0tJA$135.0b15.2x11.3x1.5x
Wed, 01 Mar 2023JA$1.5tJA$1.0tJA$137.7b15.3x11x1.5x
Fri, 27 Jan 2023JA$1.5tJA$1.0tJA$138.1b15.3x10.9x1.5x
Sun, 25 Dec 2022JA$1.5tJA$1.0tJA$138.4b14.6x11.1x1.5x
Tue, 22 Nov 2022JA$1.5tJA$993.4bJA$134.9b14.5x11.3x1.5x
Thu, 20 Oct 2022JA$1.6tJA$953.1bJA$136.9b15.9x11.7x1.7x
Sat, 17 Sep 2022JA$1.6tJA$944.0bJA$137.9b17.1x11.7x1.7x
Mon, 15 Aug 2022JA$1.6tJA$928.0bJA$138.4b15.9x11.9x1.8x
Wed, 13 Jul 2022JA$1.7tJA$904.6bJA$128.9b16.4x13.2x1.9x
Fri, 10 Jun 2022JA$1.7tJA$890.7bJA$126.3b15.2x13.6x1.9x
Sun, 08 May 2022JA$1.8tJA$837.8bJA$112.5b19.1x16x2.1x
Tue, 05 Apr 2022JA$1.7tJA$831.8bJA$111.4b18.8x15.3x2.1x
Thu, 03 Mar 2022JA$1.7tJA$825.2bJA$109.1b17.9x15.6x2.1x
Sat, 29 Jan 2022JA$1.7tJA$822.7bJA$108.7b18.4x15.6x2.1x
Mon, 27 Dec 2021JA$1.6tJA$820.9bJA$108.9b17.9x15.2x2x
Wed, 24 Nov 2021JA$1.7tJA$817.7bJA$111.0b16.9x14.9x2x
Fri, 22 Oct 2021JA$1.7tJA$792.0bJA$105.8b18.1x16x2.1x
Price to Earnings Ratio

16x


Total Market Cap: JA$1.7tTotal Earnings: JA$105.8bTotal Revenue: JA$792.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Jamaican Market Price to Earnings3Y Average 11.9x202220232024
Current Market PE
  • Investors are relatively neutral on the Jamaican 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 11.9x.
Past Earnings Growth
  • The earnings for Jamaican listed companies have grown 6.6% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market0.37%
Materials7.18%
Consumer Discretionary2.74%
Real Estate1.54%
Energy0.71%
Consumer Staples0.55%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Healthcare-0.077%
Financials-0.57%
Industrials-0.69%
Utilities-2.08%
Telecom-3.22%
Tech-17.76%
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 64.0x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Materials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.4x.
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?

CompanyLast Price7D1YValuationSector
NCBFG NCB Financial GroupJA$53.927.8%
+JA$9.4b
-15.8%PB0.8xFinancials
CCC Caribbean CementJA$68.003.7%
+JA$2.1b
36.0%PE7.8xMaterials
KW Kingston WharvesJA$27.375.3%
+JA$1.9b
-11.0%PE12.2xIndustrials
WISYNCO Wisynco GroupJA$21.532.3%
+JA$1.9b
16.6%PE15.8xConsumer Staples
SGJ Scotia Group JamaicaJA$45.400.9%
+JA$1.2b
34.5%PB1.1xFinancials
See more
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Market Insights

Last week’s newsletter was part 1 of an introduction to the financial sector, and specifically banks and companies in the capital markets space. This week we are having a look at...

Latest News

AFS

JA$21.10

Access Financial Services

7D

14.1%

1Y

-28.2%

CCC

JA$68.00

Caribbean Cement

7D

3.7%

1Y

36.0%

JMMBGL

JA$22.00

JMMB Group

7D

-9.3%

1Y

-20.0%

RJR

JA$1.09

Radio Jamaica

7D

-9.2%

1Y

-25.3%

SGJ

JA$45.40

Scotia Group Jamaica

7D

0.9%

1Y

34.5%

BPOW

JA$3.99

Blue Power Group

7D

-9.3%

1Y

47.8%

TJH

JA$3.25

Transjamaican Highway

7D

-2.1%

1Y

26.5%

SJ

JA$39.05

Sagicor Group Jamaica

7D

-1.8%

1Y

-9.2%

WISYNCO

JA$21.53

Wisynco Group

7D

2.3%

1Y

16.6%

ASBH

JA$35.00

A.S. Bryden & Sons Holdings

7D

-5.4%

1Y

n/a

PJAM

JA$47.30

Pan Jamaica Group

7D

1.5%

1Y

-1.4%

NCBFG

JA$53.92

NCB Financial Group

7D

7.8%

1Y

-15.8%

EPLY

JA$36.00

Eppley

7D

12.5%

1Y

9.1%

KW

JA$27.37

Kingston Wharves

7D

5.3%

1Y

-11.0%

DTL

JA$1.84

Derrimon Trading

7D

-3.2%

1Y

-1.1%

LASM

JA$7.05

Lasco Manufacturing

7D

-1.4%

1Y

42.4%