Sanlam Limited's (JSE:SLM) Business Is Trailing The Market But Its Shares Aren't
Apr 03
South African (JSE) Life and Health Insurance Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies5
- 7D-4.2%
- 3M-12.4%
- 1Y-3.6%
- YTDn/a
The Life and Health Insurance industry is down 5.1% over the last week with Sanlam the worst performer, down 3.5%. The industry has fallen 3.5% in the last year. As for the next few years, earnings are expected to grow by 15% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | R280.1b | R516.2b | R28.7b | 8.6x | 9.7x | 0.5x |
| Sun, 17 Mar 2024 | R317.7b | R523.4b | R28.4b | 7.8x | 11.2x | 0.6x |
| Tue, 13 Feb 2024 | R325.5b | R505.1b | R28.1b | 7.9x | 11.6x | 0.6x |
| Thu, 11 Jan 2024 | R329.1b | R505.1b | R28.1b | 8.4x | 11.7x | 0.7x |
| Sat, 09 Dec 2023 | R316.4b | R505.1b | R28.1b | 7.4x | 11.3x | 0.6x |
| Mon, 06 Nov 2023 | R325.6b | R505.1b | R28.1b | 7.8x | 11.6x | 0.6x |
| Wed, 04 Oct 2023 | R310.2b | R505.1b | R28.1b | 7.7x | 11x | 0.6x |
| Fri, 01 Sep 2023 | R329.8b | R330.8b | R29.4b | 8.3x | 11.2x | 1x |
| Sun, 30 Jul 2023 | R392.8b | R354.1b | R31.7b | 10.7x | 12.4x | 1.1x |
| Tue, 27 Jun 2023 | R351.0b | R354.1b | R31.7b | 9.9x | 11.1x | 1x |
| Thu, 25 May 2023 | R321.5b | R354.1b | R31.7b | 8.3x | 10.2x | 0.9x |
| Sat, 22 Apr 2023 | R338.6b | R354.1b | R31.7b | 8.9x | 10.7x | 1x |
| Mon, 20 Mar 2023 | R334.4b | R359.4b | R30.6b | 8.7x | 10.9x | 0.9x |
| Wed, 15 Feb 2023 | R355.6b | R432.8b | R31.1b | 9.1x | 11.4x | 0.8x |
| Fri, 13 Jan 2023 | R332.7b | R432.8b | R31.1b | 8.7x | 10.7x | 0.8x |
| Sun, 11 Dec 2022 | R303.4b | R432.8b | R31.1b | 8.5x | 9.8x | 0.7x |
| Tue, 08 Nov 2022 | R314.5b | R432.8b | R31.1b | 9.1x | 10.1x | 0.7x |
| Thu, 06 Oct 2022 | R284.7b | R432.8b | R31.1b | 8.7x | 9.2x | 0.7x |
| Sat, 03 Sep 2022 | R311.9b | R592.3b | R25.9b | 14.6x | 12.1x | 0.5x |
| Mon, 01 Aug 2022 | R316.5b | R703.8b | R23.6b | 15.1x | 13.4x | 0.4x |
| Wed, 29 Jun 2022 | R327.6b | R703.8b | R23.6b | 15.8x | 13.9x | 0.5x |
| Fri, 27 May 2022 | R341.6b | R703.8b | R23.6b | 16.4x | 14.5x | 0.5x |
| Sun, 24 Apr 2022 | R376.4b | R703.8b | R23.6b | 16.7x | 16x | 0.5x |
| Tue, 22 Mar 2022 | R448.2b | R749.0b | R25.2b | 25.2x | 17.8x | 0.6x |
| Thu, 17 Feb 2022 | R452.6b | R690.2b | R21.5b | 26.8x | 21x | 0.7x |
| Sat, 15 Jan 2022 | R425.4b | R690.2b | R21.5b | 24.6x | 19.8x | 0.6x |
| Mon, 13 Dec 2021 | R388.4b | R690.2b | R21.5b | 23.7x | 18.1x | 0.6x |
| Wed, 10 Nov 2021 | R405.2b | R690.2b | R21.5b | 22.4x | 18.8x | 0.6x |
| Fri, 08 Oct 2021 | R414.6b | R690.2b | R21.5b | 22.3x | 19.3x | 0.6x |
| Sun, 05 Sep 2021 | R388.3b | R689.2b | R20.1b | 24.3x | 19.3x | 0.6x |
| Tue, 03 Aug 2021 | R362.9b | R689.2b | R20.1b | 22x | 18.1x | 0.5x |
| Fri, 07 May 2021 | R353.1b | R579.4b | R8.8b | 29.6x | 40.1x | 0.6x |
Price to Earnings Ratio
40.1x
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 9.7x which is lower than its 3-year average PE of 15.2x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- The earnings for companies in the Life and Health Insurance industry have grown 48% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.8% 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 | -3.42% | |
| Financials | -4.77% | |
| Insurance | -3.53% | |
| Life and Health Insurance | -4.21% | |
| Insurance Brokers | 0% | |
| General Insurance | 0% | |
| Reinsurance | 0% | |
| Property and Casualty Insurance | -1.47% | |
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 | R21.00 | 0.7% +R203.2m | 15.0% | PE6.4x | |
| CLI Clientèle | R10.30 | 3.0% +R100.6m | -1.8% | PE8.6x |