Sygnia (JSE:SYG) Is Increasing Its Dividend To ZAR1.27
Dec 07
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South African (JSE) Capital Markets Industry Analysis
UpdatedApr 13, 2025
DataAggregated Company Financials
Companies19
- 7D4.0%
- 3M-6.8%
- 1Y4.6%
- YTD-11.1%
The Capital Markets industry is up 4.0% in the last week, with Investec Group up 5.1%. In the last 12 months, the industry was up 4.6%. Looking forward, earnings are forecast to grow by 8.7% annually.
Industry Valuation and Performance
Has the South African Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 14 Apr 2025 | R183.7b | R76.4b | R24.4b | 6.2x | 7.5x | 2.4x |
| Wed, 12 Mar 2025 | R189.6b | R73.4b | R22.7b | 6.9x | 8.3x | 2.6x |
| Fri, 07 Feb 2025 | R195.5b | R72.1b | R22.3b | 9.8x | 8.8x | 2.7x |
| Sun, 05 Jan 2025 | R206.3b | R72.7b | R22.5b | 9.4x | 9.2x | 2.8x |
| Tue, 03 Dec 2024 | R204.5b | R71.8b | R19.8b | 11.6x | 10.3x | 2.8x |
| Thu, 31 Oct 2024 | R206.5b | R69.6b | R17.8b | 10.8x | 11.6x | 3x |
| Sat, 28 Sep 2024 | R202.3b | R68.9b | R17.8b | 11.8x | 11.4x | 2.9x |
| Mon, 26 Aug 2024 | R194.1b | R70.2b | R19.0b | 10.5x | 10.2x | 2.8x |
| Wed, 24 Jul 2024 | R189.1b | R70.9b | R20.1b | 9.9x | 9.4x | 2.7x |
| Fri, 21 Jun 2024 | R189.1b | R68.9b | R19.7b | 9.2x | 9.6x | 2.7x |
| Sun, 19 May 2024 | R178.9b | R77.0b | R19.8b | 10x | 9.1x | 2.3x |
| Tue, 16 Apr 2024 | R168.9b | R78.0b | R18.9b | 9.9x | 8.9x | 2.2x |
| Thu, 14 Mar 2024 | R168.5b | R77.6b | R18.3b | 9.7x | 9.2x | 2.2x |
| Sat, 10 Feb 2024 | R173.6b | R78.2b | R15.6b | 10.8x | 11.1x | 2.2x |
| Mon, 08 Jan 2024 | R182.5b | R81.6b | R15.8b | 10.1x | 11.6x | 2.2x |
| Wed, 06 Dec 2023 | R179.6b | R83.7b | R16.8b | 10.1x | 10.7x | 2.1x |
| Fri, 03 Nov 2023 | R169.6b | R78.5b | R17.3b | 10.3x | 9.8x | 2.2x |
| Sun, 01 Oct 2023 | R170.2b | R79.4b | R17.6b | 10x | 9.7x | 2.1x |
| Tue, 29 Aug 2023 | R163.9b | R77.9b | R16.2b | 10.3x | 10.1x | 2.1x |
| Thu, 27 Jul 2023 | R162.5b | R77.0b | R15.9b | 11.6x | 10.2x | 2.1x |
| Sat, 24 Jun 2023 | R150.0b | R79.2b | R16.6b | 12.1x | 9x | 1.9x |
| Mon, 22 May 2023 | R153.3b | R80.0b | R19.1b | 9.9x | 8x | 1.9x |
| Wed, 19 Apr 2023 | R149.8b | R73.9b | R16.5b | 9.6x | 9.1x | 2x |
| Fri, 17 Mar 2023 | R160.7b | R75.0b | R20.4b | 9.5x | 7.9x | 2.1x |
| Sun, 12 Feb 2023 | R181.2b | R73.8b | R20.3b | 9.1x | 8.9x | 2.5x |
| Tue, 10 Jan 2023 | R175.1b | R71.8b | R19.8b | 9.4x | 8.9x | 2.4x |
| Thu, 08 Dec 2022 | R165.7b | R72.4b | R19.9b | 9.4x | 8.3x | 2.3x |
| Sat, 05 Nov 2022 | R159.3b | R68.8b | R20.9b | 8.7x | 7.6x | 2.3x |
| Mon, 03 Oct 2022 | R139.6b | R68.0b | R20.8b | 7.8x | 6.7x | 2.1x |
| Wed, 31 Aug 2022 | R150.5b | R67.4b | R20.9b | 7.8x | 7.2x | 2.2x |
| Fri, 29 Jul 2022 | R157.5b | R68.3b | R21.0b | 8x | 7.5x | 2.3x |
| Sun, 26 Jun 2022 | R158.9b | R66.7b | R19.3b | 9.9x | 8.2x | 2.4x |
| Tue, 24 May 2022 | R169.2b | R68.5b | R20.3b | 9.7x | 8.4x | 2.5x |
| Thu, 21 Apr 2022 | R178.7b | R65.5b | R18.1b | 10.5x | 9.9x | 2.7x |
Price to Earnings Ratio
9.9x
Current Industry PE
- Investors are pessimistic on the South African Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 7.5x which is lower than its 3-year average PE of 9.5x.
- The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 5.5% 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 | 5.78% | |
| Financials | 3.87% | |
| Capital Markets | 3.97% | |
| Financial Exchanges and Data | 5.43% | |
| Diversified Capital Markets | 5.08% | |
| Asset Management | 2.44% | |
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 11.0x.
- Analysts are expecting annual earnings growth of 6.7%, which is lower than the prior year's growth of 10.4% per year.
- Investors are most pessimistic about the Diversified Capital Markets industry, which is trading below its 3-year average of 7.8x.
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 6.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| INL Investec Group | R108.73 | 5.1% +R4.7b | -7.5% | PE6.2x | |
| KST PSG Financial Services | R17.78 | 3.9% +R842.7m | 19.7% | PE19.2x | |
| AIL African Rainbow Capital Investments | R9.31 | 3.8% +R516.1m | 83.3% | PE6x | |
| JSE JSE | R119.50 | 5.4% +R500.3m | 41.8% | PE10.6x | |
| CML Coronation Fund Managers | R34.96 | 3.4% +R441.4m | 15.5% | PE6.1x |