Benign Growth For Exxaro Resources Limited (JSE:EXX) Underpins Its Share Price
Aug 22
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South African (JSE) Energy Sector Analysis
UpdatedAug 22, 2025
DataAggregated Company Financials
Companies4
- 7D5.3%
- 3M18.9%
- 1Y-0.2%
- YTD-0.3%
The Energy industry is up 5.3% in the last week, with Exxaro Resources up 8.2%. During this same period, the Renergen underperformed, falling 17%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to decline by 5.9% per year.
Sector Valuation and Performance
Has the South African Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 Aug 2025 | R56.8b | R74.4b | R10.0b | 5.1x | 5.7x | 0.8x |
| Sun, 20 Jul 2025 | R56.7b | R76.4b | R11.1b | 4.4x | 5.1x | 0.7x |
| Tue, 17 Jun 2025 | R49.3b | R76.4b | R11.1b | 3.9x | 4.5x | 0.6x |
| Thu, 15 May 2025 | R48.5b | R76.4b | R11.1b | 3.9x | 4.4x | 0.6x |
| Sat, 12 Apr 2025 | R49.4b | R76.3b | R11.2b | 4.1x | 4.4x | 0.6x |
| Mon, 10 Mar 2025 | R52.1b | R71.8b | R12.3b | 4.2x | 4.2x | 0.7x |
| Wed, 05 Feb 2025 | R61.6b | R71.8b | R12.3b | 5.1x | 5x | 0.9x |
| Fri, 03 Jan 2025 | R57.6b | R71.8b | R12.3b | 4.8x | 4.7x | 0.8x |
| Sun, 01 Dec 2024 | R58.8b | R71.8b | R12.3b | 4.8x | 4.8x | 0.8x |
| Tue, 29 Oct 2024 | R60.9b | R71.8b | R12.3b | 4.9x | 4.9x | 0.8x |
| Thu, 26 Sep 2024 | R56.5b | R71.8b | R12.3b | 4.4x | 4.6x | 0.8x |
| Sat, 24 Aug 2024 | R58.6b | R71.8b | R12.3b | 4.6x | 4.8x | 0.8x |
| Mon, 22 Jul 2024 | R62.8b | R69.4b | R16.3b | 3.5x | 3.8x | 0.9x |
| Wed, 19 Jun 2024 | R58.5b | R69.4b | R16.3b | 3.3x | 3.6x | 0.8x |
| Fri, 17 May 2024 | R64.2b | R69.4b | R16.3b | 3.7x | 3.9x | 0.9x |
| Sun, 14 Apr 2024 | R66.8b | R69.4b | R16.4b | 3.9x | 4.1x | 1x |
| Tue, 12 Mar 2024 | R60.1b | R82.0b | R22.5b | 2.6x | 2.7x | 0.7x |
| Thu, 08 Feb 2024 | R61.8b | R82.0b | R22.5b | 2.6x | 2.7x | 0.8x |
| Sat, 06 Jan 2024 | R69.7b | R82.0b | R22.5b | 3x | 3.1x | 0.9x |
| Mon, 04 Dec 2023 | R67.8b | R82.0b | R22.5b | 2.9x | 3x | 0.8x |
| Wed, 01 Nov 2023 | R70.0b | R81.9b | R22.6b | 3x | 3.1x | 0.9x |
| Fri, 29 Sep 2023 | R67.3b | R81.9b | R22.6b | 2.9x | 3x | 0.8x |
| Sun, 27 Aug 2023 | R62.1b | R81.9b | R22.6b | 2.6x | 2.8x | 0.8x |
| Tue, 25 Jul 2023 | R61.8b | R97.1b | R30.8b | 2x | 2x | 0.6x |
| Thu, 22 Jun 2023 | R63.6b | R97.1b | R30.8b | 2.1x | 2.1x | 0.7x |
| Sat, 20 May 2023 | R65.8b | R97.1b | R30.8b | 2.1x | 2.1x | 0.7x |
| Mon, 17 Apr 2023 | R76.6b | R97.1b | R30.8b | 2.5x | 2.5x | 0.8x |
| Wed, 15 Mar 2023 | R76.4b | R82.4b | R27.8b | 2.7x | 2.7x | 0.9x |
| Fri, 10 Feb 2023 | R85.0b | R82.4b | R27.8b | 3x | 3.1x | 1x |
| Sun, 08 Jan 2023 | R89.8b | R82.4b | R27.8b | 3.2x | 3.2x | 1.1x |
| Tue, 06 Dec 2022 | R95.7b | R82.4b | R27.8b | 3.4x | 3.4x | 1.2x |
| Thu, 03 Nov 2022 | R89.3b | R82.4b | R27.8b | 3.1x | 3.2x | 1.1x |
| Sat, 01 Oct 2022 | R97.0b | R82.4b | R27.8b | 3.4x | 3.5x | 1.2x |
| Mon, 29 Aug 2022 | R106.9b | R82.4b | R27.8b | 3.7x | 3.8x | 1.3x |
Price to Earnings Ratio
3.8x
Current Industry PE
- Investors are optimistic on the South African Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 5.7x which is higher than its 3-year average PE of 3.6x.
- The industry is trading close to its 3-year average PS ratio of 0.84x.
Past Earnings Growth
- The earnings for companies in the Energy industry have declined 29% per year over the last three years,
- Revenues have also declined 3.3% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the South African Energy sector?
| ZA Market | -0.42% | |
| Energy | 5.31% | |
| Oil and Gas | 5.31% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 3.6x.
- Analysts are expecting annual earnings decline of 5.9%, which is less than its past year's earnings decline of 27.9%.
- Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.6x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Oil and Gas industry since they expect its earnings to decline by only 5.9% per year over the next 5 years, which isn't as bad as the other industries.
- This is an improvement from its past earnings decline of 28% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings decline by 5.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EXX Exxaro Resources | R178.01 | 8.2% +R3.3b | 7.2% | PE5.6x |