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South African (JSE) Banks Industry Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies5
  • 7D0.09%
  • 3M8.6%
  • 1Y28.9%
  • YTD17.8%

In the last week, Banks has been flat. As for the the longer term, the industry is up 29% over the past 12 months. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the South African Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022R814.2bR293.3bR71.5b8.7x11.4x2.8x
Sat, 29 Oct 2022R783.1bR293.3bR71.5b8.4x10.9x2.7x
Mon, 26 Sep 2022R677.3bR292.3bR70.7b8.2x9.6x2.3x
Wed, 24 Aug 2022R767.1bR289.7bR68.0b9.4x11.3x2.6x
Fri, 22 Jul 2022R745.5bR276.9bR62.5b9.4x11.9x2.7x
Sun, 19 Jun 2022R737.7bR276.9bR62.5b10.5x11.8x2.7x
Tue, 17 May 2022R763.6bR276.9bR62.5b9.5x12.2x2.8x
Thu, 14 Apr 2022R780.6bR277.0bR62.5b9.5x12.5x2.8x
Sat, 12 Mar 2022R760.7bR296.2bR55.5b11.9x13.7x2.6x
Mon, 07 Feb 2022R722.8bR296.1bR55.5b12x13x2.4x
Wed, 05 Jan 2022R693.6bR296.1bR55.5b11.7x12.5x2.3x
Fri, 03 Dec 2021R626.4bR296.1bR55.5b10.7x11.3x2.1x
Sun, 31 Oct 2021R617.6bR296.1bR55.5b10.8x11.1x2.1x
Tue, 28 Sep 2021R641.4bR290.2bR52.2b11x12.3x2.2x
Thu, 26 Aug 2021R669.0bR289.9bR52.0b11.6x12.9x2.3x
Fri, 02 Jul 2021R598.3bR289.9bR52.0b10.2x11.5x2.1x
Mon, 05 Apr 2021R539.7bR275.9bR41.0b12.3x13.2x2x
Thu, 07 Jan 2021R533.7bR261.3bR29.7b16.9x18x2x
Wed, 30 Sep 2020R417.8bR265.8bR34.5b11.4x12.1x1.6x
Sat, 04 Jul 2020R388.8bR272.6bR40.7b10x9.6x1.4x
Tue, 07 Apr 2020R370.9bR289.8bR55.0b6.9x6.7x1.3x
Fri, 10 Jan 2020R668.1bR305.2bR68.0b8.6x9.8x2.2x
Price to Earnings Ratio

9.4x


Total Market Cap: R661.2bTotal Earnings: R70.4bTotal Revenue: R306.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Banks Industry Price to Earnings3Y Average 11.8x202020212022
Current Industry PE
  • Investors are relatively neutral on the South African Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 11.8x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Banks industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the South African Financials industry?

ZA Market1.40%
Financials0.48%
Banks0.086%
Diversified Banks0.086%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 11.8x.
    • Analysts are expecting annual earnings growth of 14.9%, which is lower than the prior year's growth of 48.1% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 11.8x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 48% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 15% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
NED Nedbank GroupR228.431.7%
+R1.8b
36.3%PB1.1x
CPI Capitec Bank HoldingsR2.02k0.4%
+R988.0m
9.1%PB6.6x
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Latest News

SBK

R180.00

Standard Bank Group

7D

-0.5%

1Y

36.1%

NED

R228.43

Nedbank Group

7D

1.7%

1Y

36.3%

ABG

R205.19

Absa Group

7D

-0.3%

1Y

47.0%

CPI

R2,024.30

Capitec Bank Holdings

7D

0.4%

1Y

9.1%