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South African (JSE) Capital Markets Industry Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies19
  • 7D-1.0%
  • 3M-5.8%
  • 1Y8.0%
  • YTD-3.8%

The Capital Markets is pretty flat in the last 7 days, but African Rainbow Capital Investments has stood out, gaining 3.9%. The past year has been better, since the industry has gained 8.0% in that time. Earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025R197.6bR72.5bR22.4b7.7x8.8x2.7x
Sun, 19 Jan 2025R202.6bR71.7bR22.2b9.7x9.1x2.8x
Tue, 17 Dec 2024R203.4bR71.3bR19.6b11.3x10.4x2.9x
Thu, 14 Nov 2024R211.7bR70.1bR18.0b10.3x11.8x3x
Sat, 12 Oct 2024R204.5bR68.6bR17.7b11.2x11.5x3x
Mon, 09 Sep 2024R194.7bR70.3bR18.7b11.1x10.4x2.8x
Wed, 07 Aug 2024R183.3bR70.4bR19.9b9.6x9.2x2.6x
Fri, 05 Jul 2024R189.6bR70.0bR19.8b10.1x9.6x2.7x
Sun, 02 Jun 2024R177.5bR70.8bR20.4b9.3x8.7x2.5x
Tue, 30 Apr 2024R170.9bR77.8bR20.0b10.1x8.6x2.2x
Thu, 28 Mar 2024R175.7bR78.5bR19.1b9.7x9.2x2.2x
Sat, 24 Feb 2024R177.8bR79.1bR15.8b10.8x11.2x2.2x
Mon, 22 Jan 2024R179.1bR82.5bR16.0b10.2x11.2x2.2x
Wed, 20 Dec 2023R178.0bR80.7bR15.5b10.1x11.5x2.2x
Fri, 17 Nov 2023R178.7bR78.3bR17.0b10.5x10.5x2.3x
Sun, 15 Oct 2023R169.8bR79.8bR17.7b10.1x9.6x2.1x
Tue, 12 Sep 2023R166.0bR78.5bR16.1b10.5x10.3x2.1x
Thu, 10 Aug 2023R168.5bR79.9bR16.9b12.4x10x2.1x
Sat, 08 Jul 2023R158.4bR79.9bR16.9b11.8x9.4x2x
Mon, 05 Jun 2023R155.9bR80.1bR18.5b15.8x8.4x1.9x
Wed, 03 May 2023R153.9bR74.8bR16.8b9.9x9.1x2.1x
Fri, 31 Mar 2023R152.0bR72.6bR18.7b9.9x8.1x2.1x
Sun, 26 Feb 2023R176.2bR74.7bR20.6b9.1x8.5x2.4x
Tue, 24 Jan 2023R174.4bR73.1bR20.1b9.5x8.7x2.4x
Thu, 22 Dec 2022R170.4bR72.0bR19.8b9x8.6x2.4x
Sat, 19 Nov 2022R166.5bR72.1bR25.0b7.8x6.7x2.3x
Mon, 17 Oct 2022R147.5bR69.1bR21.0b7.8x7x2.1x
Wed, 14 Sep 2022R150.9bR68.2bR21.2b7.8x7.1x2.2x
Fri, 12 Aug 2022R161.7bR67.7bR20.9b8.2x7.7x2.4x
Sun, 10 Jul 2022R154.4bR68.3bR19.7b9.7x7.8x2.3x
Tue, 07 Jun 2022R166.8bR67.4bR19.8b9.7x8.4x2.5x
Thu, 05 May 2022R167.4bR65.6bR18.1b10.5x9.3x2.6x
Sat, 02 Apr 2022R179.6bR64.1bR19.1b10.2x9.4x2.8x
Mon, 28 Feb 2022R169.1bR65.6bR18.4b10x9.2x2.6x
Price to Earnings Ratio

9.2x


Total Market Cap: R169.1bTotal Earnings: R18.4bTotal Revenue: R65.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Capital Markets Industry Price to Earnings3Y Average 9.5x202320242025
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 2.5x 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 6.8% per year over the last three years.
  • Revenues for these companies have grown 3.4% 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 Market0.93%
Financials-0.088%
Capital Markets-0.98%
Financial Exchanges and Data0.58%
Investment Banking and Brokerage0%0
Diversified Capital Markets-0.054%
Asset Management-2.45%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 11.2x.
    • 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 8.0x.
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?

CompanyLast Price7D1YValuation
AIL African Rainbow Capital InvestmentsR8.084.3%
+R496.8m		66.9%PE5.3x
INL Investec GroupR125.420.4%
+R416.8m		0.6%PE7.7x
KST PSG Financial ServicesR18.270.6%
+R125.8m		21.8%PE19.8x
PPE Purple GroupR1.054.0%
+R56.8m		98.1%PE60.1x
CML Coronation Fund ManagersR37.800.1%
+R19.4m		20.4%PE6.6x
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