South African (JSE) Life and Health Insurance Industry Analysis
UpdatedMay 30, 2023
DataAggregated Company Financials
Companies6
- 7D-0.7%
- 3M-10.9%
- 1Y-11.1%
- YTD3.9%
In the last week, the Life and Health Insurance industry is flat overall, with Old Mutual standing out by going down 3.9%. As for the longer term, the industry has declined 11% in the last year. Looking forward, earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the South African Life and Health Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 May 2023 | R319.3b | R354.1b | R31.7b | 8.3x | 10.1x | 0.9x |
| Thu, 27 Apr 2023 | R339.8b | R354.1b | R31.7b | 8.8x | 10.7x | 1x |
| Sat, 25 Mar 2023 | R336.1b | R361.2b | R31.7b | 8.7x | 10.6x | 0.9x |
| Mon, 20 Feb 2023 | R356.8b | R432.8b | R31.1b | 9.1x | 11.5x | 0.8x |
| Wed, 18 Jan 2023 | R336.6b | R432.8b | R31.1b | 8.8x | 10.8x | 0.8x |
| Fri, 16 Dec 2022 | R299.6b | R432.8b | R31.1b | 8.4x | 9.6x | 0.7x |
| Sun, 13 Nov 2022 | R316.1b | R432.8b | R31.1b | 9.1x | 10.2x | 0.7x |
| Tue, 11 Oct 2022 | R285.7b | R432.8b | R31.1b | 9x | 9.2x | 0.7x |
| Thu, 08 Sep 2022 | R312.4b | R592.3b | R25.9b | 14.7x | 12.1x | 0.5x |
| Sat, 06 Aug 2022 | R320.3b | R703.8b | R23.6b | 15.2x | 13.6x | 0.5x |
| Mon, 04 Jul 2022 | R309.5b | R703.8b | R23.6b | 14.8x | 13.1x | 0.4x |
| Wed, 01 Jun 2022 | R364.3b | R703.8b | R23.6b | 17.2x | 15.4x | 0.5x |
| Fri, 29 Apr 2022 | R368.9b | R703.8b | R23.6b | 16.6x | 15.6x | 0.5x |
| Sun, 27 Mar 2022 | R449.6b | R787.6b | R24.6b | 24.9x | 18.3x | 0.6x |
| Tue, 22 Feb 2022 | R442.2b | R690.2b | R21.5b | 25.7x | 20.6x | 0.6x |
| Thu, 20 Jan 2022 | R412.5b | R690.2b | R21.5b | 24.1x | 19.2x | 0.6x |
| Sat, 18 Dec 2021 | R390.5b | R690.2b | R21.5b | 23.3x | 18.2x | 0.6x |
| Mon, 15 Nov 2021 | R401.7b | R690.2b | R21.5b | 22.5x | 18.7x | 0.6x |
| Wed, 13 Oct 2021 | R412.2b | R690.2b | R21.5b | 22.1x | 19.2x | 0.6x |
| Fri, 10 Sep 2021 | R378.5b | R688.8b | R20.1b | 24.1x | 18.8x | 0.5x |
| Sun, 08 Aug 2021 | R370.9b | R689.2b | R20.1b | 22.7x | 18.5x | 0.5x |
| Sat, 01 May 2021 | R353.1b | R579.4b | R8.8b | 29.6x | 40.1x | 0.6x |
| Tue, 02 Feb 2021 | R353.5b | R470.0b | -R2,510,476,000.00 | 30.3x | -140.8x | 0.8x |
| Fri, 06 Nov 2020 | R290.9b | R442.0b | -R1,735,979,500.00 | 28.8x | -167.6x | 0.7x |
| Mon, 10 Aug 2020 | R346.2b | R413.5b | -R951,483,000.00 | 127.6x | -363.9x | 0.8x |
Price to Earnings Ratio
20.3x
Current Industry PE
- Investors are pessimistic on the South African Life and Health Insurance 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 10.1x which is higher than its 3-year average PE of -44.0x.
- The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
- The earnings for companies in the Life and Health Insurance industry have grown 26% per year over the last three years.
- Meanwhile revenues for these companies have declined 10% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Comparison
How does South African Life and Health Insurance compare with similar industries?
| ZA Market | -2.36% | |
| Financials | -2.24% | |
| Insurance | -0.79% | |
| Life and Health Insurance | -0.74% | |
| Insurance Brokers | 0% | |
| General Insurance | 0% | |
| Reinsurance | 0% | |
| Property and Casualty Insurance | -1.36% | |
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 | |
|---|---|---|---|---|---|
| MTM Momentum Metropolitan Holdings | R17.75 | 2.7% +R541.4m | 11.9% | PE4.5x | |
| CLI Clientèle | R9.95 | 2.1% +R67.1m | -14.2% | PE7.1x |