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South African (JSE) Capital Markets Industry Analysis

UpdatedNov 29, 2022
DataAggregated Company Financials
Companies21
  • 7D1.3%
  • 3M13.3%
  • 1Y7.6%
  • YTD-1.9%

In the last week, the Capital Markets industry is up 1.3%, with Investec Group up 3.3%. This means that the industry has gained 7.6% over the past year. Looking forward, earnings are forecast to decline by 8.3% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022R171.1bR71.6bR24.8b8.7x6.9x2.4x
Fri, 28 Oct 2022R157.7bR69.6bR21.2b8.3x7.5x2.3x
Sun, 25 Sep 2022R146.3bR67.2bR20.6b7.8x7.1x2.2x
Tue, 23 Aug 2022R154.1bR68.0bR21.0b7.9x7.3x2.3x
Thu, 21 Jul 2022R231.1bR138.8bR28.4b8x8.1x1.7x
Sat, 18 Jun 2022R157.4bR67.8bR19.9b9x7.9x2.3x
Mon, 16 May 2022R165.4bR65.7bR18.1b10.2x9.1x2.5x
Wed, 13 Apr 2022R175.5bR63.5bR18.9b10.2x9.3x2.8x
Fri, 11 Mar 2022R163.6bR64.6bR18.2b10x9x2.5x
Sun, 06 Feb 2022R181.8bR66.7bR18.7b10.7x9.7x2.7x
Tue, 04 Jan 2022R176.2bR67.4bR17.8b11x9.9x2.6x
Thu, 02 Dec 2021R163.2bR67.4bR17.6b10.9x9.3x2.4x
Sat, 30 Oct 2021R151.6bR60.8bR13.7b11.4x11.1x2.5x
Mon, 27 Sep 2021R136.3bR59.3bR12.8b11.5x10.6x2.3x
Wed, 25 Aug 2021R132.7bR61.3bR12.8b11.2x10.4x2.2x
Thu, 01 Jul 2021R129.2bR61.3bR12.8b11.3x10.1x2.1x
Sun, 04 Apr 2021R116.3bR61.1bR12.8b9.8x9.1x1.9x
Wed, 06 Jan 2021R101.0bR57.5bR9.6b9.5x10.5x1.8x
Sat, 10 Oct 2020R85.6bR59.8bR6.7b8.1x12.8x1.4x
Fri, 03 Jul 2020R91.9bR63.5bR5.8b10.7x15.8x1.4x
Mon, 06 Apr 2020R88.0bR68.8bR5.6b8.3x15.6x1.3x
Thu, 09 Jan 2020R149.3bR60.6bR8.0b10.3x18.6x2.5x
Price to Earnings Ratio

18.4x


Total Market Cap: R152.8bTotal Earnings: R8.3bTotal Revenue: R60.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Capital Markets Industry Price to Earnings3Y Average 11.6x202020212022
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 6.9x which is lower than its 3-year average PE of 11.8x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 44% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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 Market1.62%
Financials1.92%
Capital Markets1.35%
Diversified Capital Markets3.33%
Investment Banking and Brokerage0%
Asset Management-0.95%
Financial Exchanges and Data-1.59%
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 13.1x.
    • 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 below its 3-year average of 12.0x.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 35% 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
INL Investec GroupR103.673.9%
+R3.2b
28.4%PE6.5x
CML Coronation Fund ManagersR34.424.9%
+R566.7m
-37.0%PE9.4x
AEE African Equity Empowerment InvestmentsR0.8810.0%
+R39.3m
-3.3%PS0.2x
SYG SygniaR17.081.3%
+R33.1m
-2.1%PE9.4x
SBP Sabvest CapitalR84.250.3%
+R10.7m
56.0%PE4.9x
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Latest News

INL

R103.67

Investec Group

7D

3.9%

1Y

28.4%

CML

R34.42

Coronation Fund Managers

7D

4.9%

1Y

-37.0%

VUN

R2.80

Vunani

7D

-6.0%

1Y

-1.8%

EPE

R5.41

EPE Capital Partners

7D

-4.2%

1Y

4.6%

BAT

R4.30

Brait

7D

-5.5%

1Y

10.3%

AFH

R4.65

Alexander Forbes Group Holdings

7D

-1.7%

1Y

3.8%

ZED

R1.76

Zeder Investments

7D

-1.1%

1Y

-44.3%

KST

R11.93

PSG Konsult

7D

-1.1%

1Y

-0.6%

AIL

R5.01

African Rainbow Capital Investments

7D

-3.7%

1Y

-0.6%

SYG

R17.08

Sygnia

7D

1.3%

1Y

-2.1%

JSE

R103.46

JSE

7D

-2.3%

1Y

-4.0%

MTNZF

R19.63

MTN Zakhele Futhi (RF)

7D

0.4%

1Y

-42.3%