Malawian (MSE) Market Analysis & Valuation

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 21 Sep 2023	MK6.4t	MK1.7t	MK332.4b	17.4x	19.2x	3.7x
Sat, 19 Aug 2023	MK6.2t	MK1.6t	MK290.6b	19.8x	21.4x	3.8x
Mon, 17 Jul 2023	MK5.9t	MK1.3t	MK253.4b	18x	23.1x	4.5x
Wed, 14 Jun 2023	MK5.5t	MK1.6t	MK287.3b	13.7x	19.2x	3.5x
Fri, 12 May 2023	MK5.0t	MK1.5t	MK276.7b	14.5x	18.1x	3.4x
Sun, 09 Apr 2023	MK4.3t	MK1.3t	MK242.6b	15.1x	17.9x	3.3x
Tue, 07 Mar 2023	MK3.8t	MK1.3t	MK223.6b	15.9x	17x	2.9x
Thu, 02 Feb 2023	MK3.7t	MK1.3t	MK223.7b	14.6x	16.4x	2.8x
Sat, 31 Dec 2022	MK3.3t	MK1.2t	MK189.5b	11.6x	17.4x	2.8x
Mon, 28 Nov 2022	MK3.2t	MK1.2t	MK193.7b	10.1x	16.4x	2.7x
Wed, 26 Oct 2022	MK2.9t	MK1.2t	MK193.7b	10.1x	15.1x	2.5x
Fri, 23 Sep 2022	MK2.9t	MK1.2t	MK193.5b	10.1x	15x	2.5x
Sun, 21 Aug 2022	MK2.9t	MK1.1t	MK175.7b	14.3x	16.3x	2.7x
Tue, 19 Jul 2022	MK2.7t	MK1.1t	MK175.8b	14.1x	15.2x	2.5x
Thu, 16 Jun 2022	MK2.7t	MK1.2t	MK171.2b	13.4x	15.5x	2.2x
Sat, 14 May 2022	MK2.6t	MK1.2t	MK157.5b	13.7x	16.3x	2.2x
Mon, 11 Apr 2022	MK2.4t	MK1.2t	MK157.4b	13x	15.6x	2.1x
Wed, 09 Mar 2022	MK2.4t	MK1.1t	MK146.7b	15.1x	16.4x	2.1x
Fri, 04 Feb 2022	MK2.4t	MK1.1t	MK146.8b	14.3x	16.1x	2.1x
Sun, 02 Jan 2022	MK2.4t	MK1.1t	MK146.8b	14.3x	16.4x	2.1x
Tue, 30 Nov 2021	MK2.2t	MK1.1t	MK146.9b	12.5x	14.9x	1.9x
Thu, 28 Oct 2021	MK2.2t	MK1.1t	MK146.8b	12.5x	15x	1.9x
Sat, 25 Sep 2021	MK2.0t	MK1.1t	MK146.4b	11.6x	13.8x	1.8x
Mon, 23 Aug 2021	MK2.0t	MK1.1t	MK145.1b	12.2x	14x	1.8x
Sat, 10 Jul 2021	MK1.9t	MK1.1t	MK145.1b	11.1x	12.9x	1.7x
Fri, 02 Apr 2021	MK1.7t	MK1.1t	MK142.0b	10.4x	12.1x	1.6x
Mon, 04 Jan 2021	MK1.7t	MK1.1t	MK136.8b	10.9x	12.4x	1.6x
Thu, 08 Oct 2020	MK1.7t	MK1.0t	MK125.3b	11.7x	13.4x	1.6x

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 19.2x which is higher than its 3-year average PE of 15.5x.

Past Earnings Growth

The earnings for Malawian listed companies have grown 38% 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 Malawian Market?

Sector PE

Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 20.4x.

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 14.7x.

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?

Company	Last Price	7D	1Y	Valuation	Sector
FMBCH FMBcapital Holdings	MK415.02	0.005% +MK49.2m	314.8%	PB6.3x	Financials
SUNBIRD Sunbird Tourism	MK191.02	0.01% +MK5.2m	n/a	PE16.4x	Consumer Discretionary
NBM National Bank of Malawi	MK2.10k	0.0005% +MK4.7m	81.1%	PB5x	Financials

Company

Last Price

Valuation

Sector

FMBCH FMBcapital Holdings

MK415.02

0.005%
+MK49.2m

314.8%

PB6.3x

SUNBIRD Sunbird Tourism

MK191.02