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Malawian (MSE) Market Analysis & Valuation

UpdatedApr 13, 2025
DataAggregated Company Financials
Companies14
  • 7D0.8%
  • 3M63.9%
  • 1Y156.3%
  • YTD71.7%

Over the last 7 days, the market has remained flat, although notably the Industrials sector gained 32% in that time. More promisingly, the market is up 156% over the past year.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Apr 2025MK 15.8tMK 2.8tMK 512.8b23x30.9x5.7x
Wed, 12 Mar 2025MK 15.8tMK 2.7tMK 472.0b23.9x33.4x5.8x
Fri, 07 Feb 2025MK 12.5tMK 2.7tMK 472.0b20.3x26.4x4.6x
Sun, 05 Jan 2025MK 9.3tMK 2.7tMK 472.0b13.3x19.6x3.4x
Tue, 03 Dec 2024MK 8.7tMK 2.7tMK 494.8b10.6x17.6x3.3x
Thu, 31 Oct 2024MK 7.8tMK 2.7tMK 494.8b9.8x15.8x2.9x
Sat, 28 Sep 2024MK 7.6tMK 2.6tMK 474.9b12.8x16.1x2.9x
Mon, 26 Aug 2024MK 7.5tMK 2.4tMK 446.6b13x16.9x3.1x
Wed, 24 Jul 2024MK 6.9tMK 2.3tMK 423.5b13.1x16.2x2.9x
Fri, 21 Jun 2024MK 6.4tMK 2.5tMK 419.5b12x15.2x2.6x
Sun, 19 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.8x2.6x
Tue, 16 Apr 2024MK 6.2tMK 2.2tMK 451.6b12.3x13.7x2.8x
Thu, 14 Mar 2024MK 6.0tMK 2.1tMK 422.2b12.3x14.3x2.9x
Sat, 10 Feb 2024MK 6.1tMK 2.0tMK 418.8b12.9x14.7x3.1x
Mon, 08 Jan 2024MK 5.8tMK 2.0tMK 418.8b12.9x13.9x2.9x
Wed, 06 Dec 2023MK 6.0tMK 1.9tMK 381.2b16.3x15.8x3.2x
Fri, 03 Nov 2023MK 6.1tMK 1.8tMK 351.5b16.2x17.3x3.4x
Sun, 01 Oct 2023MK 6.3tMK 1.7tMK 338.1b16.4x18.7x3.7x
Tue, 29 Aug 2023MK 6.2tMK 1.6tMK 291.6b20.1x21.4x3.8x
Thu, 27 Jul 2023MK 6.0tMK 1.6tMK 265.6b19.9x22.5x3.7x
Sat, 24 Jun 2023MK 5.6tMK 1.6tMK 287.1b15.1x19.7x3.6x
Mon, 22 May 2023MK 5.4tMK 1.5tMK 284.6b14.5x18.8x3.5x
Wed, 19 Apr 2023MK 4.5tMK 1.4tMK 266.2b12.8x16.9x3.3x
Fri, 17 Mar 2023MK 4.0tMK 1.3tMK 234.8b15.2x16.9x3x
Sun, 12 Feb 2023MK 3.7tMK 1.3tMK 223.9b15.3x16.6x2.8x
Tue, 10 Jan 2023MK 3.3tMK 1.3tMK 223.9b14.5x14.9x2.5x
Thu, 08 Dec 2022MK 3.2tMK 1.2tMK 193.6b10.1x16.5x2.7x
Sat, 05 Nov 2022MK 3.0tMK 1.2tMK 193.5b10.1x15.4x2.5x
Mon, 03 Oct 2022MK 2.9tMK 1.2tMK 193.6b11.1x15x2.5x
Wed, 31 Aug 2022MK 2.9tMK 929.2bMK 173.1b12.2x16.7x3.1x
Fri, 29 Jul 2022MK 2.8tMK 1.1tMK 175.7b14.1x16x2.6x
Sun, 26 Jun 2022MK 2.6tMK 1.2tMK 171.7b13.4x15.4x2.2x
Tue, 24 May 2022MK 2.6tMK 1.2tMK 168.5b13.7x15.7x2.3x
Thu, 21 Apr 2022MK 2.5tMK 1.2tMK 157.4b13x15.7x2.1x
Price to Earnings Ratio

15.7x


Total Market Cap: MK 2.5tTotal Earnings: MK 157.4bTotal Revenue: MK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 17.6x202320242025
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 30.9x which is higher than its 3-year average PE of 17.6x.
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 34% 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 Market0.81%
Industrials32.25%
Telecom0.93%
Consumer Discretionary0%0
Consumer Staples0%0
Financials-0.003%
Real Estate-0.014%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 237x.
    • 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 12.6x.
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
STANDARD Standard BankMK 9.50k6.1%
+MK 129.2b		140.5%PB8.6xFinancials
PCL PressMK 3.80k32.3%
+MK 111.5b		51.7%PE9.7xIndustrials
TNM Telekom Networks MalawiMK 24.926.5%
+MK 15.3b		107.0%PS2.1xTelecom
NICO NICO HoldingsMK 776.740.2%
+MK 1.2b		289.2%PE19.1xFinancials
AIRTEL Airtel MalawiMK 129.030.008%
+MK 110.0m		157.4%PE318.6xTelecom
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Latest News

NBM

MK 6,200.14

National Bank of Malawi

7D

0.0006%

1Y

158.3%

PCL

MK 3,802.22

Press

7D

32.3%

1Y

51.7%

FDHB

MK 314.71

FDH Bank

7D

-0.1%

1Y

383.5%

NICO

MK 776.74

NICO Holdings

7D

0.2%

1Y

289.2%

TNM

MK 24.92

Telekom Networks Malawi

7D

6.5%

1Y

107.0%

NBS

MK 344.99

NBS Bank

7D

-0.7%

1Y

213.9%

STANDARD

MK 9,500.00

Standard Bank

7D

6.1%

1Y

140.5%

MPICO

MK 18.98

MPICO

7D

-0.05%

1Y

29.5%

FMBCH

MK 1,244.00

FMBcapital Holdings

7D

-3.8%

1Y

202.0%

AIRTEL

MK 129.03

Airtel Malawi

7D

0.008%

1Y

157.4%