South African (JSE) Banks Industry Analysis
- 7D-2.9%
- 3M-9.9%
- 1Y21.2%
- YTD14.4%
Over the last 7 days, the Banks industry has dropped 2.9%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 21%.
Industry Valuation and Performance
Has the South African Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Tue, 30 Nov 2021 | R574.9b | R296.1b | R55.5b | 9.9x |
| Thu, 28 Oct 2021 | R625.6b | R296.1b | R55.5b | 10.9x |
| Sat, 25 Sep 2021 | R652.1b | R290.2b | R52.2b | 11.2x |
| Mon, 23 Aug 2021 | R652.9b | R289.9b | R52.0b | 11.1x |
| Sat, 10 Jul 2021 | R598.3b | R289.9b | R52.0b | 10.2x |
| Fri, 02 Apr 2021 | R539.7b | R275.9b | R41.0b | 12.3x |
| Mon, 04 Jan 2021 | R533.7b | R261.3b | R29.7b | 16.9x |
| Thu, 08 Oct 2020 | R417.8b | R265.8b | R34.5b | 11.4x |
| Wed, 01 Jul 2020 | R388.8b | R272.6b | R40.7b | 10x |
| Sat, 04 Apr 2020 | R370.9b | R289.8b | R55.0b | 6.9x |
| Tue, 07 Jan 2020 | R668.1b | R305.2b | R68.0b | 8.6x |
| Mon, 30 Sep 2019 | R668.8b | R305.9b | R70.1b | 8.7x |
| Thu, 04 Jul 2019 | R735.1b | R306.6b | R72.3b | 9.6x |
| Sun, 07 Apr 2019 | R702.0b | R303.2b | R71.5b | 8.9x |
| Wed, 09 Jan 2019 | R686.1b | R299.7b | R70.7b | 9.8x |
9.5x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 10.4x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Banks industry have declined 7.5% per year over the last three years, while revenues have remained mostly flat. This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the South African Banks industry?
| Diversified Banks | -2.91% | |
Industry PE: Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 10.4x. However analysts are expecting annual earnings growth of 20%, which is lower than the prior year's growth of 25% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth: Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 20% over the next 5 years. This is roughly in line with its past earnings growth rate.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | ||
|---|---|---|---|---|---|
| No data available | |||||