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South African (JSE) Capital Markets Industry Analysis
UpdatedNov 28, 2021
DataAggregated Company Financials
Companies23
- 7D-2.9%
- 3M17.4%
- 1Y51.5%
- YTD52.0%
Over the last 7 days, the Capital Markets industry has dropped 2.9%, driven by declines in Investec Group and Brait of 1.5% and 15%, respectively. Meanwhile, Trematon Capital Investments actually outperformed within the industry, gaining 7.7% in the last week. This takes the industry's 12 month performance to a gain of 51%.
Industry Valuation and Performance
Has the South African Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 29 Nov 2021 | R158.4b | R68.4b | R17.8b | 10.9x |
| Wed, 27 Oct 2021 | R151.1b | R60.1b | R13.6b | 11.5x |
| Fri, 24 Sep 2021 | R136.1b | R58.8b | R12.8b | 11.5x |
| Sun, 22 Aug 2021 | R131.1b | R61.3b | R12.8b | 11x |
| Fri, 09 Jul 2021 | R129.2b | R61.3b | R12.8b | 11.3x |
| Thu, 01 Apr 2021 | R116.3b | R61.1b | R12.8b | 9.8x |
| Sun, 03 Jan 2021 | R101.0b | R57.5b | R9.6b | 9.5x |
| Wed, 07 Oct 2020 | R85.6b | R59.8b | R6.7b | 8.1x |
| Tue, 30 Jun 2020 | R91.9b | R63.5b | R5.8b | 10.7x |
| Fri, 03 Apr 2020 | R88.0b | R68.8b | R5.6b | 8.3x |
| Mon, 06 Jan 2020 | R149.3b | R60.6b | R8.0b | 10.3x |
| Thu, 10 Oct 2019 | R144.6b | R59.4b | R7.8b | 12.6x |
| Wed, 03 Jul 2019 | R162.5b | R59.4b | R14.8b | 13.7x |
| Sat, 06 Apr 2019 | R154.4b | R63.7b | R16.0b | 12.9x |
| Tue, 08 Jan 2019 | R156.0b | R69.8b | R18.5b | 15.7x |
PE Ratio
11.6x
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 11.2x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Capital Markets industry have declined 3.4% 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 Capital Markets industry?
| Diversified Capital Markets | -1.52% | |
| Financial Exchanges and Data | -2.87% | |
| Asset Management | -4.10% | |
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 13.8x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 11.3x.
Forecasted Growth: Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 6.3% over the next 5 years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| TMT Trematon Capital Investments | 7.7%+R52.3m | 45.8% | PS1.8x | |
| AEE African Equity Empowerment Investments | 1.1%+R4.9m | 1.1% | PS0.1x | |
| MHB Mahube Infrastructure | 0.2%+R551.5k | 29.2% | PE28.6x |