Namibian (NSX) Market Analysis & Valuation
UpdatedMay 23, 2022
DataAggregated Company Financials
Companies13
- 7D-1.3%
- 3M-1.7%
- 1Y2.8%
- YTD-5.6%
Over the last 7 days, the market has dropped 1.3%, driven by a loss of 8.0% in the Consumer Staples sector. Although the market performance has been flat over the past year. As for the next few years, earnings are expected to grow by 35% per annum.
Market Valuation and Performance
Has the Namibian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | N$36.8b | N$19.1b | N$3.5b | 6.7x |
| Wed, 20 Apr 2022 | N$36.9b | N$18.9b | N$3.5b | 6.7x |
| Fri, 18 Mar 2022 | N$38.9b | N$19.3b | N$3.3b | 7.3x |
| Sun, 13 Feb 2022 | N$38.6b | N$19.2b | N$3.3b | 7.5x |
| Tue, 11 Jan 2022 | N$40.6b | N$18.9b | N$4.0b | 7.5x |
| Thu, 09 Dec 2021 | N$40.4b | N$18.8b | N$3.9b | 7.6x |
| Sat, 06 Nov 2021 | N$32.1b | N$15.3b | N$2.9b | 7.4x |
| Mon, 04 Oct 2021 | N$32.0b | N$15.2b | N$2.9b | 7.3x |
| Wed, 01 Sep 2021 | N$31.0b | N$15.6b | N$2.5b | 7.1x |
| Thu, 08 Jul 2021 | N$30.5b | N$15.6b | N$2.5b | 6.7x |
| Wed, 31 Mar 2021 | N$31.6b | N$15.1b | N$2.4b | 6.6x |
| Sat, 02 Jan 2021 | N$33.6b | N$15.0b | N$1.8b | 8x |
| Tue, 06 Oct 2020 | N$32.2b | N$15.5b | N$2.1b | 7.6x |
| Fri, 10 Jul 2020 | N$36.7b | N$15.9b | N$3.2b | 8.2x |
| Thu, 02 Apr 2020 | N$36.1b | N$16.3b | N$4.1b | 7.7x |
| Sun, 05 Jan 2020 | N$43.6b | N$17.3b | N$5.6b | 7.6x |
| Wed, 09 Oct 2019 | N$43.7b | N$15.4b | N$5.3b | 8.1x |
| Tue, 02 Jul 2019 | N$40.1b | N$15.1b | N$4.9b | 8.5x |
Median PE Ratio
9.6x
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 7.6x.
Past Earnings Growth
- The earnings for Namibian listed companies have declined 4.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Namibian Market?
| NA Market | -1.25% | |
| Financials | 1.16% | |
| Industrials | 0.47% | |
| Real Estate | 0.29% | |
| Telecom | 0.12% | |
| Energy | 0% | |
| Materials | 0% | |
| Consumer Discretionary | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Utilities | 0% | |
| Consumer Staples | -8.05% | |
Sector PE
- Investors are most optimistic about the Consumer Staples sector even though it's trading below its 3-year average PE ratio of 31.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Industrials sector, which is trading below its 3-year average of 5.3x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings growth rate of 14% 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 | |
|---|---|---|---|---|---|---|
| LHN Letshego Holdings (Namibia) | R3.00 | 27.7% +R325.0m | 80.7% | PS4.9x | Financials | |
| FNB FirstRand Namibia | R30.50 | 3.4% +R259.4m | 22.0% | PB1.4x | Financials | |
| MOC Mobile Telecommunications | R7.50 | 0.1% +R7.5m | n/a | PS7.6x | Telecom | |
| AGR Agra | R2.13 | 0.5% +R1.0m | 21.0% | PS3.6x | Industrials |