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South African (JSE) Capital Markets Industry Analysis

UpdatedNov 20, 2024
DataAggregated Company Financials
Companies19
  • 7D-1.1%
  • 3M8.2%
  • 1Y17.6%
  • YTD15.0%

Over the last 7 days, the Capital Markets industry has dropped 1.1%, driven by Investec Group declining 2.3%. On the other hand Brait is actually up 7.7%. In the past year, the industry has gained 18%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Nov 2024R211.6bR70.3bR18.5b10.5x11.5x3x
Fri, 18 Oct 2024R209.8bR69.8bR17.9b11.1x11.7x3x
Sun, 15 Sep 2024R195.0bR70.0bR18.3b11x10.6x2.8x
Tue, 13 Aug 2024R189.8bR70.1bR19.1b9.7x9.9x2.7x
Thu, 11 Jul 2024R191.3bR70.0bR19.8b10.1x9.7x2.7x
Sat, 08 Jun 2024R177.8bR71.1bR20.5b9.1x8.7x2.5x
Mon, 06 May 2024R173.8bR77.4bR19.9b10.1x8.8x2.2x
Wed, 03 Apr 2024R174.7bR77.9bR18.9b9.8x9.2x2.2x
Fri, 01 Mar 2024R173.5bR78.6bR15.7b10.8x11.1x2.2x
Sun, 28 Jan 2024R180.8bR81.8bR15.9b10.2x11.4x2.2x
Tue, 26 Dec 2023R183.0bR80.9bR15.6b10x11.7x2.3x
Thu, 23 Nov 2023R177.0bR82.5bR14.7b10.5x12.1x2.1x
Sat, 21 Oct 2023R164.0bR79.7bR17.7b9.9x9.3x2.1x
Mon, 18 Sep 2023R169.9bR80.3bR18.0b10.4x9.5x2.1x
Wed, 16 Aug 2023R166.7bR80.4bR17.1b12.6x9.8x2.1x
Fri, 14 Jul 2023R159.6bR78.5bR16.4b11.6x9.7x2x
Sun, 11 Jun 2023R160.0bR78.5bR17.9b14.5x8.9x2x
Tue, 09 May 2023R154.8bR75.0bR16.9b9.9x9.1x2.1x
Thu, 06 Apr 2023R150.1bR73.4bR19.0b9.9x7.9x2x
Sat, 04 Mar 2023R174.5bR74.2bR20.5b9.1x8.5x2.4x
Mon, 30 Jan 2023R176.7bR73.3bR20.2b9.5x8.8x2.4x
Wed, 28 Dec 2022R169.6bR71.6bR19.6b8.9x8.7x2.4x
Fri, 25 Nov 2022R170.9bR72.0bR24.8b8.6x6.9x2.4x
Sun, 23 Oct 2022R151.7bR68.9bR21.0b7.9x7.2x2.2x
Tue, 20 Sep 2022R146.2bR68.2bR20.9b7.8x7x2.1x
Thu, 18 Aug 2022R160.7bR68.1bR21.0b8.3x7.6x2.4x
Sat, 16 Jul 2022R154.1bR68.3bR21.0b8x7.3x2.3x
Mon, 13 Jun 2022R161.0bR67.8bR19.9b9.4x8.1x2.4x
Wed, 11 May 2022R161.2bR65.9bR18.2b10.5x8.9x2.4x
Fri, 08 Apr 2022R181.5bR61.7bR20.0b9.7x9.1x2.9x
Sun, 06 Mar 2022R158.2bR65.7bR18.5b10x8.6x2.4x
Tue, 01 Feb 2022R176.4bR66.3bR18.6b10.5x9.5x2.7x
Thu, 30 Dec 2021R175.0bR67.6bR17.8b10.7x9.8x2.6x
Sat, 27 Nov 2021R158.4bR68.4bR17.8b10.9x8.9x2.3x
Price to Earnings Ratio

8.9x


Total Market Cap: R158.4bTotal Earnings: R17.8bTotal Revenue: R68.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Capital Markets Industry Price to Earnings3Y Average 9.5x202220232024
Current Industry PE
  • Investors are optimistic on the South African Capital Markets industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.5x which is higher than its 3-year average PE of 9.5x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Capital Markets 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 Market0.33%
Financials-0.24%
Capital Markets-1.07%
Asset Management0.83%
Investment Banking and Brokerage0%
Financial Exchanges and Data-0.32%
Diversified Capital Markets-2.29%
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 11.6% per year.
  • Investors are most pessimistic about the Diversified Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.2x.
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 12% per year.
  • In contrast, the Diversified Capital Markets industry is expected to see its earnings grow by 10% 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 InvestmentsR7.702.7%
+R301.1m		60.4%PE5.1x
AFH Alexander Forbes Group HoldingsR7.503.3%
+R296.5m		28.2%PE16.5x
CML Coronation Fund ManagersR39.552.0%
+R269.2m		24.3%PE6.3x
BAT BraitR1.973.1%
+R231.8m		-10.0%PE16.3x
JSE JSER118.761.6%
+R164.2m		26.7%PE12.2x
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Latest News

CML

R39.55

Coronation Fund Managers

7D

2.0%

1Y

24.3%

BAT

R1.97

Brait

7D

3.1%

1Y

-10.0%

RHB

R2.19

RH Bophelo

7D

18.4%

1Y

9.5%

JSE

R118.76

JSE

7D

1.6%

1Y

26.7%

ZED

R1.73

Zeder Investments

7D

-12.6%

1Y

2.4%

PPE

R1.10

Purple Group

7D

1.9%

1Y

89.7%

KST

R18.45

PSG Financial Services

7D

-2.4%

1Y

22.3%

AIL

R7.70

African Rainbow Capital Investments

7D

2.7%

1Y

60.4%

SYG

R22.00

Sygnia

7D

-0.3%

1Y

15.8%

INL

R140.18

Investec Group

7D

0.09%

1Y

19.6%

MHB

R4.05

Mahube Infrastructure

7D

-0.2%

1Y

0%

AFH

R7.50

Alexander Forbes Group Holdings

7D

3.3%

1Y

28.2%

Alexander Forbes Group Holdings Limited's (JSE:AFH) CEO Compensation Is Looking A Bit Stretched At The Moment

Aug 23
Alexander Forbes Group Holdings Limited's (JSE:AFH) CEO Compensation Is Looking A Bit Stretched At The Moment

MTNZF

R8.01

MTN Zakhele Futhi (RF)

7D

-12.5%

1Y

-50.6%