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South African (JSE) Banks Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies6
  • 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?

DateMarket CapRevenueEarningsPE
Tue, 30 Nov 2021R574.9bR296.1bR55.5b9.9x
Thu, 28 Oct 2021R625.6bR296.1bR55.5b10.9x
Sat, 25 Sep 2021R652.1bR290.2bR52.2b11.2x
Mon, 23 Aug 2021R652.9bR289.9bR52.0b11.1x
Sat, 10 Jul 2021R598.3bR289.9bR52.0b10.2x
Fri, 02 Apr 2021R539.7bR275.9bR41.0b12.3x
Mon, 04 Jan 2021R533.7bR261.3bR29.7b16.9x
Thu, 08 Oct 2020R417.8bR265.8bR34.5b11.4x
Wed, 01 Jul 2020R388.8bR272.6bR40.7b10x
Sat, 04 Apr 2020R370.9bR289.8bR55.0b6.9x
Tue, 07 Jan 2020R668.1bR305.2bR68.0b8.6x
Mon, 30 Sep 2019R668.8bR305.9bR70.1b8.7x
Thu, 04 Jul 2019R735.1bR306.6bR72.3b9.6x
Sun, 07 Apr 2019R702.0bR303.2bR71.5b8.9x
Wed, 09 Jan 2019R686.1bR299.7bR70.7b9.8x
PE Ratio

9.5x

Total Market Cap: R667.5bTotal Earnings: R70.1bTotal Revenue: R297.1b0%0%0%3 Year10 Year
201920202021

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?

Company7D1YValuation
No data available
Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
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