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South African (JSE) Capital Markets Industry Analysis

UpdatedSep 21, 2023
DataAggregated Company Financials
Companies22
  • 7D-0.9%
  • 3M1.3%
  • 1Y16.5%
  • YTD-0.7%

Over the last 7 days, the Capital Markets industry has dropped 3.2%, driven by a pullback from Investec Group of 4.9%. This takes the industry's 12 month performance to a gain of 16%. In the next few years, earnings are forecast to decline by 9.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Sep 2023R169.6bR79.8bR17.8b10.2x9.5x2.1x
Sat, 19 Aug 2023R160.2bR79.7bR16.8b10.3x9.6x2x
Mon, 17 Jul 2023R161.1bR78.9bR16.5b11.6x9.7x2x
Wed, 14 Jun 2023R159.3bR78.2bR17.8b15.6x8.9x2x
Fri, 12 May 2023R152.2bR76.8bR17.5b9.9x8.7x2x
Sun, 09 Apr 2023R151.0bR73.7bR19.1b9.9x7.9x2x
Tue, 07 Mar 2023R176.4bR74.6bR20.6b9x8.6x2.4x
Thu, 02 Feb 2023R176.2bR72.9bR20.0b9.5x8.8x2.4x
Sat, 31 Dec 2022R170.6bR71.3bR19.5b8.9x8.7x2.4x
Mon, 28 Nov 2022R172.1bR72.1bR24.8b8.7x6.9x2.4x
Wed, 26 Oct 2022R154.1bR69.9bR21.2b8x7.3x2.2x
Fri, 23 Sep 2022R148.3bR67.6bR20.7b7.8x7.2x2.2x
Sun, 21 Aug 2022R155.4bR68.1bR21.0b7.8x7.4x2.3x
Tue, 19 Jul 2022R154.1bR68.3bR21.0b8x7.3x2.3x
Thu, 16 Jun 2022R159.7bR67.4bR19.8b9.3x8x2.4x
Sat, 14 May 2022R165.4bR65.7bR18.1b10.2x9.1x2.5x
Mon, 11 Apr 2022R182.9bR63.8bR19.0b10.2x9.6x2.9x
Wed, 09 Mar 2022R154.6bR65.1bR18.3b9.9x8.4x2.4x
Fri, 04 Feb 2022R180.3bR66.3bR18.6b10.7x9.7x2.7x
Sun, 02 Jan 2022R175.5bR67.8bR17.9b10.8x9.8x2.6x
Tue, 30 Nov 2021R159.8bR68.3bR17.8b10.9x9x2.3x
Thu, 28 Oct 2021R150.4bR60.5bR13.6b11.6x11x2.5x
Sat, 25 Sep 2021R136.1bR59.3bR12.8b11.5x10.6x2.3x
Mon, 23 Aug 2021R132.5bR61.3bR12.8b11.3x10.3x2.2x
Sat, 10 Jul 2021R129.2bR61.3bR12.8b11.3x10.1x2.1x
Fri, 02 Apr 2021R116.3bR61.1bR12.8b9.8x9.1x1.9x
Mon, 04 Jan 2021R101.0bR57.5bR9.6b9.5x10.5x1.8x
Thu, 08 Oct 2020R85.6bR59.8bR6.7b8.1x12.8x1.4x
Price to Earnings Ratio

12.8x


Total Market Cap: R85.6bTotal Earnings: R6.7bTotal Revenue: R59.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Capital Markets Industry Price to Earnings3Y Average 9.8x202120222023
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 9.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 39% per year over the last three years.
  • Revenues for these companies have grown 10% 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 Market1.99%
Financials-0.098%
Capital Markets-0.93%
Asset Management0.25%
Investment Banking and Brokerage0%
Financial Exchanges and Data-0.22%
Diversified Capital Markets-1.80%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 12.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Diversified Capital Markets industry since they expect its earnings to decline by only 9.8% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 23% per year.
  • In contrast, the Diversified Capital Markets industry is expected to see its earnings decline by 9.8% 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
CML Coronation Fund ManagersR32.342.4%
+R269.3m
3.5%PE18.7x
ZED Zeder InvestmentsR1.764.8%
+R122.8m
-9.3%PE117.5x
BAT BraitR2.743.4%
+R118.8m
-32.8%PB0.4x
KST PSG Financial ServicesR13.400.4%
+R63.7m
25.0%PE18x
SBP Sabvest CapitalR69.001.5%
+R39.4m
-5.5%PE7.9x
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AIL

R6.04

African Rainbow Capital Investments

7D

0.3%

1Y

-4.0%

AFH

R6.00

Alexander Forbes Group Holdings

7D

-3.2%

1Y

21.7%

SBP

R69.00

Sabvest Capital

7D

1.5%

1Y

-5.5%

CML

R32.34

Coronation Fund Managers

7D

2.4%

1Y

3.5%

ZED

R1.76

Zeder Investments

7D

4.8%

1Y

-9.3%

SYG

R18.30

Sygnia

7D

0.8%

1Y

9.6%

JSE

R97.08

JSE

7D

-0.2%

1Y

-6.7%

YYLBEE

R30.00

YeboYethu (RF)

7D

-3.2%

1Y

-33.3%

KST

R13.40

PSG Financial Services

7D

0.4%

1Y

25.0%

EPE

R4.25

EPE Capital Partners

7D

1.7%

1Y

-25.4%

BAT

R2.74

Brait

7D

3.4%

1Y

-32.8%

PPE

R0.89

Purple Group

7D

-1.1%

1Y

-55.5%