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South African (JSE) Stock Market Analysis

UpdatedNov 27, 2021
DataAggregated Company Financials
Companies248
  • 7D-4.9%
  • 3M-2.5%
  • 1Y12.4%
  • YTD7.6%

Over the last 7 days, the market has dropped 4.9%, driven by pullbacks in every sector, especially the Financials sector. Although the market is actually up 12% over the past year.

Market Valuation and Performance

Has the South African Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Sat, 27 Nov 2021R6.4tR5.1tR773.7b10x
Mon, 25 Oct 2021R6.7tR5.0tR580.7b11.3x
Wed, 22 Sep 2021R6.3tR5.0tR553.3b11.5x
Fri, 20 Aug 2021R6.4tR4.9tR513.3b11.4x
Fri, 04 Jun 2021R6.7tR4.6tR373.6b12.7x
Mon, 08 Mar 2021R6.4tR4.4tR198.9b11.6x
Thu, 10 Dec 2020R5.6tR4.3tR131.3b12.2x
Wed, 02 Sep 2020R5.5tR4.3tR106.7b12.2x
Sat, 06 Jun 2020R4.9tR4.4tR222.0b11x
Tue, 10 Mar 2020R5.4tR4.4tR317.9b10.2x
Mon, 02 Dec 2019R5.9tR4.3tR340.5b11.6x
Thu, 05 Sep 2019R6.4tR4.2tR345.1b12x
Sun, 09 Jun 2019R6.5tR4.1tR349.2b12x
Sat, 02 Mar 2019R6.5tR4.0tR473.9b12.2x
Tue, 04 Dec 2018R6.1tR4.0tR466.8b11.3x
PE Ratio

11.3x

Total Market Cap: R6.1tTotal Earnings: R466.8bTotal Revenue: R4.0t0%0%0%3 Year10 Year
201920202021

Current Market PE: Investors are relatively neutral on the market at the moment, considering it's trading close to its 3-year average PE ratio of 11.8x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for South African listed companies have grown 18% per year over the last three years, and revenues for these companies have grown 8.7% 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 South African Market?

Energy-0.62%
Telecom-0.63%
Healthcare-2.22%
Industrials-2.52%
Real Estate-3.87%
Materials-4.17%
Consumer Staples-4.23%
Tech-4.43%
Financials-6.39%
Consumer Discretionary-6.73%
Utilities-10.26%

Sector PE: Investors are most optimistic about the Healthcare sector which is trading above its 3-year average PE ratio of 14.9x. However analysts are expecting annual earnings growth of 25%, which is lower than the prior year's growth of 68% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Energy sector, which is trading below its 3-year average of 5.2x.

Forecasted Growth: Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 51% over the next 5 years. However this is lower than its past earnings growth rate of 133% per year. Meanwhile, the Consumer Discretionary sector is expected to see its earnings decline by 37% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuationSector
KIO Kumba Iron Ore3.4%+R4.5b-22.4%PE3.6xMaterials
GFI Gold Fields1.9%+R2.9b34.7%PE10xMaterials
MTN MTN Group0.7%+R2.1b127.2%PE37.4xTelecom
BAW Barloworld5.3%+R1.4b97.4%PE10.2xIndustrials
TGA Thungela Resources13.1%+R1.1bn/an/aEnergy
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SOL

R247.68

Sasol

7D

0.3%

1Y

86.8%

NPN

R2,513.15

Naspers

7D

-7.5%

1Y

-20.6%

FSR

R53.85

FirstRand

7D

-7.2%

1Y

13.7%

SLM

R52.70

Sanlam

7D

-9.9%

1Y

-8.9%