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South African (JSE) Capital Markets Industry Analysis

UpdatedJul 16, 2025
DataAggregated Company Financials
Companies18
  • 7D-0.5%
  • 3M17.5%
  • 1Y4.8%
  • YTD6.0%

The Capital Markets industry has stayed flat over the last week. As for the the longer term, the industry is up 4.8% over the past 12 months. As for the next few years, earnings are expected to grow by 8.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 17 Jul 2025R199.6bR73.6bR24.0b7.5x8.3x2.7x
Sat, 14 Jun 2025R192.4bR74.5bR22.4b7.1x8.6x2.6x
Mon, 12 May 2025R197.8bR75.8bR24.6b6.8x8x2.6x
Wed, 09 Apr 2025R184.4bR76.9bR24.5b6.2x7.5x2.4x
Fri, 07 Mar 2025R195.3bR73.0bR22.6b7.3x8.6x2.7x
Sun, 02 Feb 2025R196.3bR72.4bR22.4b9.7x8.8x2.7x
Tue, 31 Dec 2024R204.7bR73.2bR20.2b10.8x10.1x2.8x
Thu, 28 Nov 2024R204.7bR72.0bR19.9b10.8x10.3x2.8x
Sat, 26 Oct 2024R206.3bR69.7bR17.9b11.1x11.5x3x
Mon, 23 Sep 2024R199.4bR69.7bR18.0b11.1x11.1x2.9x
Wed, 21 Aug 2024R196.0bR69.9bR18.9b10.3x10.4x2.8x
Fri, 19 Jul 2024R188.1bR70.7bR20.0b10x9.4x2.7x
Sun, 16 Jun 2024R184.0bR70.0bR20.0b8.8x9.2x2.6x
Tue, 14 May 2024R178.5bR77.0bR19.7b10x9x2.3x
Thu, 11 Apr 2024R175.7bR77.8bR18.9b9.9x9.3x2.3x
Sat, 09 Mar 2024R172.7bR78.3bR15.6b10.4x11.1x2.2x
Mon, 05 Feb 2024R179.0bR81.9bR15.9b10.4x11.3x2.2x
Wed, 03 Jan 2024R182.9bR80.8bR15.6b10x11.7x2.3x
Fri, 01 Dec 2023R178.8bR83.2bR16.6b10.3x10.8x2.1x
Sun, 29 Oct 2023R162.5bR79.2bR17.5b10.3x9.3x2.1x
Tue, 26 Sep 2023R171.3bR79.1bR17.6b10x9.8x2.2x
Thu, 24 Aug 2023R162.3bR78.2bR16.2b10.5x10x2.1x
Sat, 22 Jul 2023R164.1bR77.5bR16.1b11.6x10.2x2.1x
Mon, 19 Jun 2023R155.9bR78.2bR17.9b12x8.7x2x
Wed, 17 May 2023R153.8bR76.5bR17.4b9.9x8.8x2x
Fri, 14 Apr 2023R150.5bR73.8bR16.5b9.5x9.1x2x
Sun, 12 Mar 2023R170.5bR74.8bR20.6b9x8.3x2.3x
Tue, 07 Feb 2023R181.1bR73.1bR20.1b9.7x9x2.5x
Thu, 05 Jan 2023R174.5bR71.2bR19.5b9.1x9x2.4x
Sat, 03 Dec 2022R168.2bR73.3bR20.2b9.4x8.3x2.3x
Mon, 31 Oct 2022R158.8bR70.2bR21.3b8.2x7.5x2.3x
Wed, 28 Sep 2022R139.9bR66.7bR20.5b7.8x6.8x2.1x
Fri, 26 Aug 2022R152.2bR67.6bR20.9b7.8x7.3x2.3x
Sun, 24 Jul 2022R156.3bR68.3bR21.0b8x7.4x2.3x
Price to Earnings Ratio

7.4x


Total Market Cap: R156.3bTotal Earnings: R21.0bTotal Revenue: R68.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Capital Markets Industry Price to Earnings3Y Average 9.4x202320242025
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 8.3x which is lower than its 3-year average PE of 9.4x.
  • The 3-year average PS ratio of 2.5x 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 4.3% per year over the last three years.
  • Revenues for these companies have grown 2.4% 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-0.83%
Financials-2.87%
Capital Markets-0.46%
Asset Management0.22%
Financial Exchanges and Data-0.31%
Diversified Capital Markets-0.93%
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 10.9x.
    • Analysts are expecting annual earnings growth of 7.7%, 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 close to its 3-year average of 7.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 8.1% over the next 5 years.
  • This is better than its past earnings growth rate of 3.4% per year.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 7.7% 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
KST PSG Financial ServicesR22.252.4%
+R662.5m		29.6%PE21.8x
CML Coronation Fund ManagersR40.182.1%
+R317.5m		6.1%PE7x
JSE JSER134.502.9%
+R311.5m		31.5%PE11.9x
PPE Purple GroupR1.603.9%
+R85.2m		107.8%PE47.9x
MTNZF MTN Zakhele Futhi (RF)R19.703.1%
+R74.1m		48.6%PE11.3x

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