Investors Aren't Buying Exxaro Resources Limited's (JSE:EXX) Earnings
Apr 10
South African (JSE) Oil and Gas Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies3
- 7D-3.6%
- 3M-5.4%
- 1Y-13.6%
- YTD-10.7%
Over the last 7 days, the Oil and Gas industry has dropped 2.5%, driven by Thungela Resources declining 5.6%. The industry has fallen 9.8% in the last year. As for the next few years, earnings are forecast to decline by 14% per annum.
Industry Valuation and Performance
Has the South African Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | R62.9b | R69.4b | R16.4b | 3.6x | 3.8x | 0.9x |
| Fri, 22 Mar 2024 | R61.4b | R69.4b | R16.4b | 3.5x | 3.7x | 0.9x |
| Sun, 18 Feb 2024 | R61.7b | R82.0b | R22.5b | 2.6x | 2.7x | 0.8x |
| Tue, 16 Jan 2024 | R68.5b | R82.0b | R22.5b | 2.9x | 3x | 0.8x |
| Thu, 14 Dec 2023 | R66.7b | R82.0b | R22.5b | 2.9x | 3x | 0.8x |
| Sat, 11 Nov 2023 | R69.0b | R82.0b | R22.5b | 3x | 3.1x | 0.8x |
| Mon, 09 Oct 2023 | R66.4b | R81.9b | R22.6b | 2.8x | 2.9x | 0.8x |
| Wed, 06 Sep 2023 | R65.5b | R81.9b | R22.6b | 2.8x | 2.9x | 0.8x |
| Fri, 04 Aug 2023 | R57.2b | R97.1b | R30.8b | 1.8x | 1.9x | 0.6x |
| Sun, 02 Jul 2023 | R63.2b | R97.1b | R30.8b | 2x | 2.1x | 0.7x |
| Tue, 30 May 2023 | R62.6b | R97.1b | R30.8b | 2x | 2x | 0.6x |
| Thu, 27 Apr 2023 | R72.4b | R97.1b | R30.8b | 2.4x | 2.4x | 0.7x |
| Sat, 25 Mar 2023 | R73.2b | R88.8b | R28.9b | 2.5x | 2.5x | 0.8x |
| Mon, 20 Feb 2023 | R79.2b | R82.4b | R27.8b | 2.8x | 2.8x | 1x |
| Wed, 18 Jan 2023 | R87.8b | R82.4b | R27.8b | 3.1x | 3.2x | 1.1x |
| Fri, 16 Dec 2022 | R95.8b | R82.4b | R27.8b | 3.4x | 3.4x | 1.2x |
| Sun, 13 Nov 2022 | R87.3b | R82.4b | R27.8b | 3.1x | 3.1x | 1.1x |
| Tue, 11 Oct 2022 | R90.8b | R82.4b | R27.8b | 3.2x | 3.3x | 1.1x |
| Thu, 08 Sep 2022 | R108.6b | R82.4b | R27.8b | 3.8x | 3.9x | 1.3x |
| Sat, 06 Aug 2022 | R87.8b | R59.1b | R17.6b | 4.9x | 5x | 1.5x |
| Mon, 04 Jul 2022 | R79.2b | R59.1b | R17.6b | 4.3x | 4.5x | 1.3x |
| Wed, 01 Jun 2022 | R91.6b | R59.1b | R17.6b | 5x | 5.2x | 1.6x |
| Fri, 29 Apr 2022 | R94.7b | R59.1b | R17.6b | 5.2x | 5.4x | 1.6x |
| Sun, 27 Mar 2022 | R80.7b | R32.8b | R11.2b | 4.7x | 7.2x | 2.5x |
| Tue, 22 Feb 2022 | R67.1b | R30.0b | R9.7b | 4.8x | 6.9x | 2.2x |
| Thu, 20 Jan 2022 | R60.5b | R30.0b | R9.7b | 4.5x | 6.2x | 2x |
| Sat, 18 Dec 2021 | R53.4b | R30.0b | R9.7b | 3.9x | 5.5x | 1.8x |
| Mon, 15 Nov 2021 | R51.2b | R30.0b | R9.7b | 4x | 5.3x | 1.7x |
| Wed, 13 Oct 2021 | R58.7b | R30.0b | R9.7b | 4.5x | 6x | 2x |
| Fri, 10 Sep 2021 | R55.6b | R30.0b | R9.7b | 4.6x | 5.7x | 1.9x |
| Sun, 08 Aug 2021 | R52.6b | R31.9b | R9.7b | 4.5x | 5.4x | 1.6x |
| Sat, 01 May 2021 | R41.3b | R31.4b | R8.4b | 4.5x | 4.9x | 1.3x |
Price to Earnings Ratio
4.9x
Current Industry PE
- There are only 3 companies in the South African Oil and Gas industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 25% per year over the last three years.
- Revenues for these companies have grown 30% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the South African Energy industry?
| ZA Market | 0.30% | |
| Energy | -3.63% | |
| Oil and Gas | -3.63% | |
| Oil and Gas Exploration and Production | 15.97% | |
| Integrated Oil and Gas | 0% | |
| Oil and Gas Refining and Marketing | 0% | |
| Oil and Gas Storage and Transportation | 0% | |
| Coal and Fuels | -4.17% | |
Industry PE
- Investors are most optimistic about the Coal and Fuels industry, which is trading close to its 3-year average PE ratio of 3.8x.
- Analysts are expecting annual earnings decline of 13.0%, which is less than its past year's earnings decline of 44.0%.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Coal and Fuels industry since they expect its earnings to decline by only 13% 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 44% per year.
- In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings decline by 63% 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 | |
|---|---|---|---|---|---|
| REN Renergen | R13.80 | 16.0% +R280.3m | -25.4% | PS57.8x |