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South African (JSE) Capital Markets Industry Analysis

UpdatedJan 20, 2025
DataAggregated Company Financials
Companies19
  • 7D2.5%
  • 3M-3.3%
  • 1Y9.8%
  • YTD-2.2%

In the last week, the Capital Markets industry is flat overall, with Alexander Forbes Group Holdings standing out by going down 6.0%. The past year has been better, since the industry has gained 11% in that time. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Jan 2025R202.6bR71.7bR22.2b9.7x9.1x2.8x
Wed, 18 Dec 2024R204.8bR72.3bR19.9b11.2x10.3x2.8x
Fri, 15 Nov 2024R212.5bR70.8bR18.6b10.3x11.4x3x
Sun, 13 Oct 2024R201.5bR68.6bR17.7b10.8x11.4x2.9x
Tue, 10 Sep 2024R194.0bR70.2bR18.4b11.1x10.6x2.8x
Thu, 08 Aug 2024R183.4bR70.1bR19.8b9.8x9.3x2.6x
Sat, 06 Jul 2024R189.3bR70.0bR19.8b10.1x9.6x2.7x
Mon, 03 Jun 2024R177.5bR70.8bR20.4b9.3x8.7x2.5x
Wed, 01 May 2024R170.8bR78.0bR20.0b10.1x8.5x2.2x
Fri, 29 Mar 2024R176.6bR78.6bR19.1b9.7x9.2x2.2x
Sun, 25 Feb 2024R177.8bR79.1bR15.8b10.8x11.2x2.2x
Tue, 23 Jan 2024R183.2bR83.1bR16.2b10.2x11.3x2.2x
Thu, 21 Dec 2023R179.5bR80.1bR15.4b10.1x11.7x2.2x
Sat, 18 Nov 2023R177.3bR80.9bR14.2b10.5x12.5x2.2x
Mon, 16 Oct 2023R169.8bR79.8bR17.7b10.1x9.6x2.1x
Wed, 13 Sep 2023R164.4bR78.5bR16.1b10.3x10.2x2.1x
Fri, 11 Aug 2023R167.8bR79.2bR16.7b12.4x10.1x2.1x
Sun, 09 Jul 2023R158.4bR80.0bR16.9b11.8x9.4x2x
Tue, 06 Jun 2023R155.5bR79.5bR18.2b15.6x8.5x2x
Thu, 04 May 2023R154.0bR74.6bR16.8b9.9x9.2x2.1x
Sat, 01 Apr 2023R149.7bR72.4bR18.7b9.9x8x2.1x
Mon, 27 Feb 2023R176.2bR74.7bR20.6b9.1x8.5x2.4x
Wed, 25 Jan 2023R174.5bR73.0bR20.1b9.5x8.7x2.4x
Fri, 23 Dec 2022R169.6bR71.8bR19.7b9x8.6x2.4x
Sun, 20 Nov 2022R166.5bR72.1bR25.0b7.8x6.7x2.3x
Tue, 18 Oct 2022R147.5bR69.1bR21.0b7.8x7x2.1x
Thu, 15 Sep 2022R146.7bR68.2bR20.9b7.8x7x2.1x
Sat, 13 Aug 2022R164.1bR67.4bR20.9b8.5x7.9x2.4x
Mon, 11 Jul 2022R154.4bR68.3bR19.7b9.7x7.8x2.3x
Wed, 08 Jun 2022R166.4bR67.4bR19.9b9.6x8.4x2.5x
Fri, 06 May 2022R165.8bR65.7bR18.1b10.5x9.1x2.5x
Sun, 03 Apr 2022R179.6bR64.1bR19.1b10.2x9.4x2.8x
Tue, 01 Mar 2022R169.1bR66.2bR18.5b10.4x9.1x2.6x
Thu, 27 Jan 2022R174.2bR66.0bR18.5b10.4x9.4x2.6x
Price to Earnings Ratio

9.4x


Total Market Cap: R174.2bTotal Earnings: R18.5bTotal Revenue: R66.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Capital Markets Industry Price to Earnings3Y Average 9.5x202320242025
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 2.5x 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 6.2% per year over the last three years.
  • Revenues for these companies have grown 2.8% 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 Market2.28%
Financials1.93%
Capital Markets2.47%
Diversified Capital Markets3.98%
Asset Management0.74%
Financial Exchanges and Data0.41%
Investment Banking and Brokerage0%0
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry, which is trading close to its 3-year average PE ratio of 11.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • 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
INL Investec GroupR124.044.2%
+R4.5b		-0.4%PE7.7x
KST PSG Financial ServicesR19.292.4%
+R578.6m		29.5%PE20.9x
CML Coronation Fund ManagersR37.191.6%
+R224.6m		24.4%PE6.5x
YYLBEE YeboYethu (RF)R22.009.5%
+R100.5m		-21.5%PE4.3x
JSE JSER118.141.0%
+R95.8m		33.5%PE12.2x
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JSE

R118.14

JSE

7D

1.0%

1Y

33.5%

PPE

R1.02

Purple Group

7D

-3.8%

1Y

56.9%

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CML

R37.19

Coronation Fund Managers

7D

1.6%

1Y

24.4%

AFH

R7.67

Alexander Forbes Group Holdings

7D

-6.7%

1Y

15.3%

BAT

R2.01

Brait

7D

0.5%

1Y

11.0%

INL

R124.04

Investec Group

7D

4.2%

1Y

-0.4%

AIL

R8.99

African Rainbow Capital Investments

7D

0.2%

1Y

89.3%

ZED

R1.49

Zeder Investments

7D

-5.1%

1Y

-15.3%

SYG

R21.90

Sygnia

7D

-0.3%

1Y

21.3%

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YYLBEE

R22.00

YeboYethu (RF)

7D

9.5%

1Y

-21.5%

VUN

R1.90

Vunani

7D

-4.5%

1Y

-31.9%

KST

R19.29

PSG Financial Services

7D

2.4%

1Y

29.5%

MTNZF

R9.07

MTN Zakhele Futhi (RF)

7D

9.0%

1Y

-50.3%