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Malawian (MSE) Market Analysis & Valuation

UpdatedJan 22, 2025
DataAggregated Company Financials
Companies14
  • 7D2.9%
  • 3M32.9%
  • 1Y67.3%
  • YTD11.9%

The market has climbed 2.9% in the last 7 days, lead by the Financials sector with a gain of 3.9%. The market is up 67% over the last 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jan 2025MK 10.3tMK 2.7tMK 472.0b16.8x21.8x3.8x
Fri, 20 Dec 2024MK 9.1tMK 2.7tMK 472.0b12.7x19.3x3.4x
Sun, 17 Nov 2024MK 8.2tMK 2.7tMK 494.8b9.8x16.5x3.1x
Tue, 15 Oct 2024MK 7.7tMK 2.7tMK 495.4b9.8x15.5x2.9x
Thu, 12 Sep 2024MK 7.7tMK 2.4tMK 445.7b13x17.2x3.2x
Sat, 10 Aug 2024MK 7.1tMK 2.3tMK 423.5b13.1x16.9x3x
Mon, 08 Jul 2024MK 6.5tMK 2.3tMK 423.5b10.7x15.4x2.8x
Wed, 05 Jun 2024MK 6.2tMK 2.3tMK 409.2b14.4x15.1x2.7x
Fri, 03 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.9x2.6x
Sun, 31 Mar 2024MK 6.1tMK 2.2tMK 433.6b12.3x14.1x2.8x
Tue, 27 Feb 2024MK 6.1tMK 2.0tMK 418.8b12.3x14.6x3.1x
Thu, 25 Jan 2024MK 6.2tMK 2.0tMK 418.8b12.9x14.7x3.1x
Sat, 23 Dec 2023MK 5.8tMK 1.9tMK 381.2b16.2x15.1x3.1x
Mon, 20 Nov 2023MK 6.1tMK 1.9tMK 380.8b16.2x15.9x3.2x
Wed, 18 Oct 2023MK 6.1tMK 1.8tMK 353.0b16.2x17.4x3.5x
Fri, 15 Sep 2023MK 6.4tMK 1.7tMK 331.5b17.7x19.3x3.7x
Sun, 13 Aug 2023MK 6.2tMK 1.6tMK 290.3b19.9x21.4x3.8x
Tue, 11 Jul 2023MK 5.7tMK 1.3tMK 253.3b17.8x22.7x4.4x
Thu, 08 Jun 2023MK 5.5tMK 1.6tMK 287.3b13.7x19.1x3.5x
Sat, 06 May 2023MK 4.8tMK 1.5tMK 276.8b13.9x17.3x3.2x
Mon, 03 Apr 2023MK 4.3tMK 1.3tMK 242.3b15.1x17.7x3.2x
Wed, 01 Mar 2023MK 3.8tMK 1.3tMK 223.7b15.3x16.8x2.9x
Fri, 27 Jan 2023MK 3.6tMK 1.3tMK 223.9b14.6x16.3x2.8x
Sun, 25 Dec 2022MK 3.3tMK 1.4tMK 220.3b12.9x14.9x2.4x
Tue, 22 Nov 2022MK 3.2tMK 1.2tMK 193.7b10.1x16.4x2.7x
Thu, 20 Oct 2022MK 2.9tMK 1.2tMK 193.6b10.1x15.1x2.5x
Sat, 17 Sep 2022MK 2.9tMK 1.2tMK 193.5b10.1x15x2.5x
Mon, 15 Aug 2022MK 2.9tMK 1.1tMK 175.7b14.3x16.3x2.7x
Wed, 13 Jul 2022MK 2.6tMK 1.1tMK 175.7b13.4x15x2.5x
Fri, 10 Jun 2022MK 2.7tMK 1.2tMK 171.1b13.4x15.7x2.2x
Sun, 08 May 2022MK 2.5tMK 1.2tMK 157.4b13x16.1x2.2x
Tue, 05 Apr 2022MK 2.4tMK 1.1tMK 149.3b14.9x16.4x2.1x
Thu, 03 Mar 2022MK 2.4tMK 1.1tMK 146.9b15.1x16.5x2.1x
Sat, 29 Jan 2022MK 2.4tMK 1.1tMK 146.9b14.3x16.1x2.1x
Price to Earnings Ratio

16.1x


Total Market Cap: MK 2.4tTotal Earnings: MK 146.9bTotal Revenue: MK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 16.7x202320242025
Current Market PE
  • Investors are optimistic on the Malawian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 21.8x which is higher than its 3-year average PE of 16.7x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 48% per year over the last three years.
  • Revenues for these companies have grown 33% 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 Malawian Market?

MW Market2.88%
Financials3.90%
Real Estate0.65%
Industrials0.0064%
Energy0%0
Materials0%0
Consumer Discretionary0%0
Healthcare0%0
Tech0%0
Utilities0%0
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Consumer Staples-0.00074%
Telecom-0.018%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 132x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.9x.
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
NBM National Bank of MalawiMK 5.30k16.0%
+MK 340.9b		152.2%PB10.4xFinancials
NBS NBS BankMK 349.9027.0%
+MK 216.7b		204.7%PB13.1xFinancials
FDHB FDH BankMK 170.5515.1%
+MK 154.1b		154.9%PB20xFinancials
SUNBIRD Sunbird TourismMK 276.1215.0%
+MK 9.4b		41.6%PE8.5xConsumer Discretionary
MPICO MPICOMK 19.002.5%
+MK 1.1b		26.9%PE7.8xReal Estate
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Market Insights

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Understanding Analyst Expectations For 2025

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Richard Bowman
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5 comments

Earnings season is underway, which means analysts will probably be adjusting their earnings estimates and price targets over the next few months. As it stands, there’s a big difference between...

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Sectors And Industries To Watch In 2025
Last Week

Sectors And Industries To Watch In 2025

Latest News

PCL

MK 2,499.95

Press

7D

0.006%

1Y

-0.3%

NICO

MK 418.98

NICO Holdings

7D

-0.002%

1Y

103.9%

TNM

MK 20.02

Telekom Networks Malawi

7D

-2.3%

1Y

18.5%

FDHB

MK 170.55

FDH Bank

7D

15.1%

1Y

154.9%

SUNBIRD

MK 276.12

Sunbird Tourism

7D

15.0%

1Y

41.6%

NBS

MK 349.90

NBS Bank

7D

27.0%

1Y

204.7%

NBM

MK 5,301.08

National Bank of Malawi

7D

16.0%

1Y

152.2%

STANDARD

MK 6,900.01

Standard Bank

7D

0.0001%

1Y

74.7%

MPICO

MK 19.00

MPICO

7D

2.5%

1Y

26.9%

FMBCH

MK 555.08

FMBcapital Holdings

7D

0.01%

1Y

32.2%

AIRTEL

MK 84.99

Airtel Malawi

7D

-0.01%

1Y

54.3%