Do PSG Financial Services' (JSE:KST) Earnings Warrant Your Attention?
Mar 09
South African (JSE) Asset Management Industry Analysis
UpdatedApr 15, 2024
DataAggregated Company Financials
Companies16
- 7D0.9%
- 3M-1.7%
- 1Y-3.4%
- YTDn/a
The Asset Management is pretty flat in the last 7 days, but Alexander Forbes Group Holdings has stood out, gaining 5.3%. Unfortunately though, the industry is down 3.4% over the past 12 months.
Industry Valuation and Performance
Has the South African Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Apr 2024 | R55.0b | R21.0b | R3.0b | 10.9x | 18.1x | 2.6x |
| Wed, 13 Mar 2024 | R53.5b | R20.3b | R2.4b | 10.8x | 22.3x | 2.6x |
| Fri, 09 Feb 2024 | R58.2b | R20.4b | -R520,631,000.00 | 14.5x | -111.8x | 2.9x |
| Sun, 07 Jan 2024 | R63.0b | R24.4b | -R147,838,000.00 | 12.5x | -426x | 2.6x |
| Tue, 05 Dec 2023 | R60.8b | R25.8b | R582.0m | 11.4x | 104.5x | 2.4x |
| Thu, 02 Nov 2023 | R64.0b | R26.2b | -R784,128,977.00 | 14.4x | -81.7x | 2.4x |
| Sat, 30 Sep 2023 | R63.1b | R25.9b | -R910,857,977.00 | 14.1x | -69.2x | 2.4x |
| Mon, 28 Aug 2023 | R57.1b | R23.8b | -R2,573,585,977.00 | 15x | -22.2x | 2.4x |
| Wed, 26 Jul 2023 | R56.6b | R24.1b | -R2,400,034,977.00 | 17.9x | -23.6x | 2.4x |
| Fri, 23 Jun 2023 | R55.5b | R24.1b | -R2,400,034,977.00 | 18x | -23.1x | 2.3x |
| Sun, 21 May 2023 | R55.8b | R24.1b | -R188,855,786.00 | 12.1x | -295.7x | 2.3x |
| Tue, 18 Apr 2023 | R58.5b | R24.1b | -R224,539,786.00 | 9.9x | -260.7x | 2.4x |
| Thu, 16 Mar 2023 | R67.2b | R26.0b | R4.2b | 8.9x | 15.8x | 2.6x |
| Sat, 11 Feb 2023 | R68.3b | R26.0b | R4.2b | 9.4x | 16.1x | 2.6x |
| Mon, 09 Jan 2023 | R68.1b | R26.1b | R4.3b | 9.6x | 15.7x | 2.6x |
| Wed, 07 Dec 2022 | R66.7b | R26.0b | R4.3b | 9.9x | 15.7x | 2.6x |
| Fri, 04 Nov 2022 | R65.8b | R27.2b | R10.4b | 8.3x | 6.3x | 2.4x |
| Sun, 02 Oct 2022 | R64.7b | R26.9b | R10.4b | 8x | 6.2x | 2.4x |
| Tue, 30 Aug 2022 | R67.1b | R27.0b | R10.6b | 7.5x | 6.4x | 2.5x |
| Thu, 28 Jul 2022 | R67.8b | R27.0b | R10.6b | 7.6x | 6.4x | 2.5x |
| Sat, 25 Jun 2022 | R69.4b | R27.0b | R9.3b | 9.8x | 7.5x | 2.6x |
| Mon, 23 May 2022 | R71.7b | R28.2b | R10.1b | 7.7x | 7.1x | 2.5x |
| Wed, 20 Apr 2022 | R79.4b | R28.2b | R10.1b | 8.9x | 7.9x | 2.8x |
| Fri, 18 Mar 2022 | R78.5b | R27.5b | R10.6b | 8.9x | 7.4x | 2.9x |
| Sun, 13 Feb 2022 | R85.1b | R27.2b | R10.3b | 10.3x | 8.3x | 3.1x |
| Tue, 11 Jan 2022 | R87.4b | R27.3b | R10.3b | 10.9x | 8.5x | 3.2x |
| Thu, 09 Dec 2021 | R79.0b | R27.9b | R9.2b | 9.8x | 8.6x | 2.8x |
| Sat, 06 Nov 2021 | R79.8b | R26.8b | R8.3b | 11.5x | 9.6x | 3x |
| Mon, 04 Oct 2021 | R73.0b | R26.1b | R7.8b | 11.2x | 9.4x | 2.8x |
| Wed, 01 Sep 2021 | R69.4b | R28.2b | R7.6b | 10.5x | 9.2x | 2.5x |
| Thu, 08 Jul 2021 | R67.8b | R28.2b | R7.6b | 10.2x | 9x | 2.4x |
Price to Earnings Ratio
9.3x
Current Industry PE
- Investors are pessimistic on the South African Asset Management and Custody Banks 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 18.1x which is higher than its 3-year average PE of -35.1x.
- The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have declined 26% per year over the last three years,
- Revenues have also declined 9.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does South African Asset Management compare with similar industries?
| ZA Market | -0.18% | |
| Financials | -3.75% | |
| Capital Markets | -3.00% | |
| Asset Management | 0.85% | |
| Investment Banking and Brokerage | 0% | |
| Financial Exchanges and Data | -2.67% | |
| Diversified Capital Markets | -5.01% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AFH Alexander Forbes Group Holdings | R6.38 | 5.3% +R395.1m | 32.9% | PE11.7x | |
| KST PSG Financial Services | R15.00 | 1.6% +R292.9m | 14.9% | PE18.6x | |
| AIL African Rainbow Capital Investments | R5.23 | 2.5% +R140.8m | -25.6% | PE2.2x | |
| PPE Purple Group | R0.77 | 11.6% +R112.0m | -38.9% | PS3.9x | |
| MTNZF MTN Zakhele Futhi (RF) | R15.30 | 3.4% +R61.7m | -19.9% | PE7.4x |