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South African (JSE) Capital Markets Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies19
  • 7D0.5%
  • 3M1.5%
  • 1Y11.2%
  • YTD10.9%

Over the last 7 days, the Capital Markets industry has dropped 1.3%, driven by a pullback from Investec Group of 2.3%. Meanwhile, African Rainbow Capital Investments actually outperformed within the industry, gaining 27% in the last week. This takes the industry's 12 month performance to a gain of 11%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024R205.8bR72.3bR19.9b11.1x10.3x2.8x
Mon, 18 Nov 2024R210.9bR70.4bR18.5b10.4x11.4x3x
Wed, 16 Oct 2024R207.4bR69.3bR17.8b10.9x11.6x3x
Fri, 13 Sep 2024R196.5bR70.1bR18.4b11x10.7x2.8x
Sun, 11 Aug 2024R197.8bR70.2bR19.1b9.9x10.4x2.8x
Tue, 09 Jul 2024R190.9bR69.8bR19.7b10.2x9.7x2.7x
Thu, 06 Jun 2024R175.8bR71.4bR20.7b9.2x8.5x2.5x
Sat, 04 May 2024R173.8bR77.4bR19.9b10.1x8.8x2.2x
Mon, 01 Apr 2024R176.3bR78.4bR19.1b9.7x9.3x2.2x
Wed, 28 Feb 2024R173.2bR78.6bR15.7b10.7x11x2.2x
Fri, 26 Jan 2024R179.8bR82.1bR15.9b10.2x11.3x2.2x
Sun, 24 Dec 2023R183.1bR81.1bR15.6b10x11.7x2.3x
Tue, 21 Nov 2023R177.6bR81.2bR14.3b10.5x12.4x2.2x
Thu, 19 Oct 2023R169.1bR80.0bR17.8b10x9.5x2.1x
Sat, 16 Sep 2023R164.5bR78.3bR16.0b10.5x10.3x2.1x
Mon, 14 Aug 2023R167.8bR79.8bR16.9b12.1x9.9x2.1x
Wed, 12 Jul 2023R157.1bR79.4bR16.7b12.4x9.4x2x
Fri, 09 Jun 2023R158.6bR78.7bR18.0b15.2x8.8x2x
Sun, 07 May 2023R155.3bR75.3bR17.0b9.9x9.1x2.1x
Tue, 04 Apr 2023R167.8bR77.3bR19.5b10.5x8.6x2.2x
Thu, 02 Mar 2023R177.4bR74.2bR20.5b9.2x8.7x2.4x
Sat, 28 Jan 2023R176.7bR73.2bR20.1b9.5x8.8x2.4x
Mon, 26 Dec 2022R169.5bR71.4bR19.6b8.9x8.7x2.4x
Wed, 23 Nov 2022R168.7bR72.1bR24.9b7.9x6.8x2.3x
Fri, 21 Oct 2022R150.6bR69.3bR21.1b7.8x7.1x2.2x
Sun, 18 Sep 2022R146.6bR68.2bR20.9b7.8x7x2.1x
Tue, 16 Aug 2022R162.4bR67.6bR20.9b8.4x7.8x2.4x
Thu, 14 Jul 2022R152.2bR68.1bR19.6b9.1x7.8x2.2x
Sat, 11 Jun 2022R161.0bR67.9bR20.0b9.4x8x2.4x
Mon, 09 May 2022R161.6bR65.5bR18.1b10.4x8.9x2.5x
Wed, 06 Apr 2022R181.9bR64.0bR19.0b10.3x9.5x2.8x
Fri, 04 Mar 2022R161.8bR65.5bR18.4b10.1x8.8x2.5x
Sun, 30 Jan 2022R175.6bR66.7bR18.7b10.4x9.4x2.6x
Tue, 28 Dec 2021R169.7bR66.4bR17.5b10.5x9.7x2.6x
Price to Earnings Ratio

9.7x


Total Market Cap: R169.7bTotal Earnings: R17.5bTotal Revenue: R66.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Capital Markets Industry Price to Earnings3Y Average 9.5x202220232024
Current Industry PE
  • Investors are relatively neutral on the South African Capital Markets 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 9.5x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 4.4% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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 Financials industry?

ZA Market-2.74%
Financials-2.95%
Capital Markets0.46%
Asset Management4.48%
Investment Banking and Brokerage0%
Financial Exchanges and Data-1.34%
Diversified Capital Markets-2.26%
Industry PE
  • Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 19.6%, which is higher than its past year's earnings growth of 14.6% per year.
  • Investors are most pessimistic about the Diversified Capital Markets industry, which is trading close to its 3-year average of 8.1x.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Diversified Capital Markets industry is expected to see its earnings grow by 11% 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
AIL African Rainbow Capital InvestmentsR9.5026.7%
+R3.0b		90.0%PE6.2x
AFH Alexander Forbes Group HoldingsR8.3014.5%
+R1.3b		24.1%PE17.8x
CML Coronation Fund ManagersR39.040.4%
+R54.2m		26.8%PE6.9x
TRE TrencorR7.551.3%
+R17.4m		13.5%PE45.2x
RHB RH BopheloR2.940.7%
+R1.3m		-2.0%PE1x
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Latest News

AIL

R9.50

African Rainbow Capital Investments

7D

26.7%

1Y

90.0%

BAT

R2.00

Brait

7D

-3.8%

1Y

19.0%

CML

R39.04

Coronation Fund Managers

7D

0.4%

1Y

26.8%

AFH

R8.30

Alexander Forbes Group Holdings

7D

14.5%

1Y

24.1%

ZED

R1.61

Zeder Investments

7D

-5.3%

1Y

-9.6%

RHB

R2.94

RH Bophelo

7D

0.7%

1Y

-2.0%

SYG

R22.70

Sygnia

7D

-2.6%

1Y

26.1%

Sygnia (JSE:SYG) Is Increasing Its Dividend To ZAR1.27

Dec 07
Sygnia (JSE:SYG) Is Increasing Its Dividend To ZAR1.27

PPE

R1.02

Purple Group

7D

-1.9%

1Y

47.8%

INL

R124.00

Investec Group

7D

-2.3%

1Y

0%

With EPS Growth And More, Investec Group (JSE:INL) Makes An Interesting Case

Nov 29
With EPS Growth And More, Investec Group (JSE:INL) Makes An Interesting Case

YYLBEE

R20.00

YeboYethu (RF)

7D

-9.1%

1Y

-36.5%

JSE

R118.15

JSE

7D

-1.3%

1Y

31.9%

KST

R20.08

PSG Financial Services

7D

-0.2%

1Y

30.1%

TRE

R7.55

Trencor

7D

1.3%

1Y

13.5%