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South African (JSE) Capital Markets Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies18
  • 7D0.3%
  • 3M14.0%
  • 1Y14.9%
  • YTD9.6%

Over the last 7 days, the Capital Markets industry has remained flat. As for the the longer term, the industry is up 15% over the past 12 months. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024R188.6bR70.6bR20.0b10.1x9.4x2.7x
Sun, 23 Jun 2024R188.2bR68.7bR19.6b9.8x9.6x2.7x
Tue, 21 May 2024R179.6bR77.1bR19.8b10x9.1x2.3x
Thu, 18 Apr 2024R166.3bR78.1bR19.0b9.7x8.8x2.1x
Sat, 16 Mar 2024R170.8bR78.5bR19.1b9.5x9x2.2x
Mon, 12 Feb 2024R173.6bR78.2bR15.6b10.8x11.1x2.2x
Wed, 10 Jan 2024R182.3bR81.5bR15.8b10.1x11.6x2.2x
Fri, 08 Dec 2023R173.9bR83.0bR16.6b10.1x10.5x2.1x
Sun, 05 Nov 2023R168.0bR78.3bR17.0b10.7x9.9x2.1x
Tue, 03 Oct 2023R170.2bR79.8bR17.7b10x9.6x2.1x
Thu, 31 Aug 2023R164.9bR78.6bR16.4b10.4x10.1x2.1x
Sat, 29 Jul 2023R165.3bR76.6bR15.7b12.3x10.5x2.2x
Mon, 26 Jun 2023R150.0bR79.2bR16.6b12.1x9x1.9x
Wed, 24 May 2023R153.6bR79.2bR18.8b9.9x8.2x1.9x
Fri, 21 Apr 2023R151.6bR73.6bR16.4b9.4x9.2x2.1x
Sun, 19 Mar 2023R149.3bR73.3bR19.0b9.9x7.9x2x
Tue, 14 Feb 2023R182.3bR74.0bR20.4b9.1x8.9x2.5x
Thu, 12 Jan 2023R173.3bR71.6bR19.7b9.3x8.8x2.4x
Sat, 10 Dec 2022R166.3bR73.3bR20.2b9.4x8.2x2.3x
Mon, 07 Nov 2022R159.3bR68.8bR20.9b8.7x7.6x2.3x
Wed, 05 Oct 2022R146.1bR68.2bR20.9b7.5x7x2.1x
Fri, 02 Sep 2022R149.1bR67.9bR21.0b7.7x7.1x2.2x
Sun, 31 Jul 2022R160.8bR68.2bR21.0b8.1x7.7x2.4x
Tue, 28 Jun 2022R160.4bR66.8bR19.3b9.9x8.3x2.4x
Thu, 26 May 2022R166.9bR68.3bR20.1b9.4x8.3x2.4x
Sat, 23 Apr 2022R176.3bR66.2bR18.2b10.5x9.7x2.7x
Mon, 21 Mar 2022R172.4bR65.4bR19.4b10x8.9x2.6x
Wed, 16 Feb 2022R177.2bR65.7bR18.4b10.3x9.6x2.7x
Fri, 14 Jan 2022R180.5bR67.0bR18.7b11.1x9.6x2.7x
Sun, 12 Dec 2021R163.5bR67.6bR17.6b10.1x9.3x2.4x
Tue, 09 Nov 2021R154.7bR59.9bR13.5b11.7x11.4x2.6x
Thu, 07 Oct 2021R144.1bR59.4bR13.1b11.8x11x2.4x
Sat, 04 Sep 2021R132.7bR61.3bR12.8b11.6x10.3x2.2x
Mon, 02 Aug 2021R126.6bR61.3bR12.8b11.1x9.9x2.1x
Price to Earnings Ratio

9.9x


Total Market Cap: R126.6bTotal Earnings: R12.8bTotal Revenue: R61.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Capital Markets Industry Price to Earnings3Y Average 9.5x202220232024
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 2.4x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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 Market1.28%
Financials2.49%
Capital Markets0.30%
Financial Exchanges and Data2.25%
Diversified Capital Markets1.06%
Investment Banking and Brokerage0%
Asset Management-1.35%
Industry PE
  • Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio.
    • 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 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is better than its past earnings decline of 44% per year.
  • In contrast, the Financial Exchanges and Data 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?

CompanyLast Price7D1YValuation
INL Investec GroupR140.403.0%
+R3.5b		25.9%PE8.4x
JSE JSER105.905.3%
+R455.8m		16.2%PE10.9x
ZED Zeder InvestmentsR1.965.4%
+R154.0m		16.7%PE251.5x
AIL African Rainbow Capital InvestmentsR6.390.5%
+R32.5m		3.6%PE2.6x
MTNZF MTN Zakhele Futhi (RF)R13.461.5%
+R24.7m		-34.3%PE6.5x
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