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South African (JSE) Asset Management Industry Analysis
UpdatedJan 20, 2025
DataAggregated Company Financials
Companies16
- 7D0.7%
- 3M5.9%
- 1Y25.3%
- YTDn/a
Over the last 7 days, the Asset Management industry has dropped 1.6%, driven by a pullback from Alexander Forbes Group Holdings of 6.0%. Over the past 12 months, the industry was up 26%. Looking forward, earnings are forecast to grow by 20% annually.
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, 20 Jan 2025 | R81.2b | R23.5b | R7.1b | 9.7x | 11.4x | 3.4x |
| Wed, 18 Dec 2024 | R81.5b | R23.6b | R4.8b | 13.1x | 17.2x | 3.5x |
| Fri, 15 Nov 2024 | R76.7b | R23.0b | R3.8b | 10.3x | 20x | 3.3x |
| Sun, 13 Oct 2024 | R71.7b | R21.7b | R3.2b | 10.3x | 22.5x | 3.3x |
| Tue, 10 Sep 2024 | R66.2b | R22.0b | R3.5b | 10.2x | 19.1x | 3x |
| Thu, 08 Aug 2024 | R61.0b | R22.0b | R4.9b | 9.7x | 12.4x | 2.8x |
| Sat, 06 Jul 2024 | R64.6b | R22.0b | R4.9b | 10.1x | 13.2x | 2.9x |
| Mon, 03 Jun 2024 | R58.2b | R21.5b | R5.1b | 10.2x | 11.4x | 2.7x |
| Wed, 01 May 2024 | R55.4b | R21.3b | R4.2b | 11x | 13.1x | 2.6x |
| Fri, 29 Mar 2024 | R55.1b | R21.0b | R3.0b | 10.9x | 18.1x | 2.6x |
| Sun, 25 Feb 2024 | R57.4b | R20.4b | -R520,631,000.00 | 14.4x | -110.2x | 2.8x |
| Tue, 23 Jan 2024 | R61.8b | R24.4b | -R147,838,000.00 | 12.2x | -417.8x | 2.5x |
| Thu, 21 Dec 2023 | R62.1b | R24.4b | -R147,838,000.00 | 11.2x | -419.8x | 2.5x |
| Sat, 18 Nov 2023 | R62.4b | R25.8b | -R1,126,450,977.00 | 16.5x | -55.4x | 2.4x |
| Mon, 16 Oct 2023 | R64.4b | R26.2b | -R837,128,977.00 | 15.2x | -76.9x | 2.5x |
| Wed, 13 Sep 2023 | R56.8b | R23.8b | -R2,836,819,977.00 | 15.3x | -20x | 2.4x |
| Fri, 11 Aug 2023 | R57.5b | R24.1b | -R2,400,034,977.00 | 18.2x | -23.9x | 2.4x |
| Sun, 09 Jul 2023 | R56.0b | R24.1b | -R2,400,034,977.00 | 18.5x | -23.3x | 2.3x |
| Tue, 06 Jun 2023 | R58.4b | R24.0b | -R895,818,000.00 | 17.3x | -65.2x | 2.4x |
| Thu, 04 May 2023 | R59.1b | R24.1b | -R188,855,786.00 | 12.6x | -313x | 2.5x |
| Sat, 01 Apr 2023 | R58.0b | R23.8b | R2.4b | 10.5x | 24.5x | 2.4x |
| Mon, 27 Feb 2023 | R69.6b | R26.0b | R4.2b | 9.3x | 16.4x | 2.7x |
| Wed, 25 Jan 2023 | R69.5b | R26.0b | R4.2b | 9.5x | 16.4x | 2.7x |
| Fri, 23 Dec 2022 | R67.8b | R26.0b | R4.3b | 9.4x | 15.9x | 2.6x |
| Sun, 20 Nov 2022 | R67.9b | R26.5b | R9.6b | 8x | 7.1x | 2.6x |
| Tue, 18 Oct 2022 | R64.8b | R27.2b | R10.4b | 8x | 6.2x | 2.4x |
| Thu, 15 Sep 2022 | R66.0b | R26.9b | R10.4b | 8.3x | 6.4x | 2.5x |
| Sat, 13 Aug 2022 | R70.5b | R27.0b | R10.6b | 8.2x | 6.7x | 2.6x |
| Mon, 11 Jul 2022 | R67.5b | R27.0b | R9.3b | 9.5x | 7.3x | 2.5x |
| Wed, 08 Jun 2022 | R71.9b | R27.9b | R9.9b | 8.6x | 7.2x | 2.6x |
| Fri, 06 May 2022 | R75.7b | R28.2b | R10.1b | 8.1x | 7.5x | 2.7x |
| Sun, 03 Apr 2022 | R79.4b | R27.6b | R11.3b | 7.3x | 7.1x | 2.9x |
| Tue, 01 Mar 2022 | R80.1b | R27.2b | R10.3b | 9.7x | 7.8x | 2.9x |
| Thu, 27 Jan 2022 | R84.6b | R27.2b | R10.3b | 10.1x | 8.2x | 3.1x |
Price to Earnings Ratio
8.2x
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 11.4x which is higher than its 3-year average PE of -32.7x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have declined 11% per year over the last three years,
- Revenues have also declined 4.7% 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 | 2.28% | |
| Financials | 1.93% | |
| Capital Markets | 2.47% | |
| Asset Management | 0.74% | |
| Diversified Capital Markets | 3.98% | |
| Financial Exchanges and Data | 0.41% | |
| Investment Banking and Brokerage | 0% | 0 |
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 | |
|---|---|---|---|---|---|
| KST PSG Financial Services | R19.29 | 2.4% +R578.6m | 29.5% | PE20.9x | |
| CML Coronation Fund Managers | R37.19 | 1.6% +R224.6m | 24.4% | PE6.5x | |
| YYLBEE YeboYethu (RF) | R22.00 | 9.5% +R100.5m | -21.5% | PE4.3x | |
| MTNZF MTN Zakhele Futhi (RF) | R9.07 | 9.0% +R92.6m | -50.3% | PS4.4x | |
| BAT Brait | R2.01 | 0.5% +R38.6m | 11.0% | PE16.7x |