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South African (JSE) Industrials Sector Analysis

UpdatedJul 14, 2025
DataAggregated Company Financials
Companies27
  • 7D-1.3%
  • 3M1.8%
  • 1Y-11.4%
  • YTD-11.9%

Over the last 7 days, the Industrials industry has dropped 1.3%, driven by a pullback from Bidvest Group of 1.7%. The industry has fallen 11% in the last year. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the South African Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Jul 2025R177.7bR513.8bR34.2b7.1x5.2x0.3x
Thu, 12 Jun 2025R182.5bR511.6bR33.8b7.2x5.4x0.4x
Sat, 10 May 2025R178.6bR423.0bR21.3b6.8x8.4x0.4x
Mon, 07 Apr 2025R165.6bR423.6bR21.6b7.1x7.7x0.4x
Wed, 05 Mar 2025R181.5bR423.5bR22.4b7.2x8.1x0.4x
Fri, 31 Jan 2025R195.6bR459.0bR22.4b6.5x8.7x0.4x
Sun, 29 Dec 2024R203.9bR459.5bR22.5b6.7x9.1x0.4x
Tue, 26 Nov 2024R206.0bR460.4bR22.1b7x9.3x0.4x
Thu, 24 Oct 2024R206.6bR457.1bR21.8b6.8x9.5x0.5x
Sat, 21 Sep 2024R210.2bR457.3bR21.7b7.5x9.7x0.5x
Mon, 19 Aug 2024R210.8bR458.9bR18.8b7.4x11.2x0.5x
Wed, 17 Jul 2024R202.4bR452.1bR19.0b7.2x10.7x0.4x
Fri, 14 Jun 2024R180.4bR453.0bR19.1b7.7x9.5x0.4x
Sun, 12 May 2024R182.4bR440.2bR19.8b5.5x9.2x0.4x
Tue, 09 Apr 2024R168.0bR419.0bR20.7b5.9x8.1x0.4x
Thu, 07 Mar 2024R176.1bR418.0bR20.5b5.3x8.6x0.4x
Sat, 03 Feb 2024R176.6bR423.5bR28.0b6.7x6.3x0.4x
Mon, 01 Jan 2024R183.5bR422.8bR27.9b6x6.6x0.4x
Wed, 29 Nov 2023R178.5bR422.3bR27.8b5.9x6.4x0.4x
Fri, 27 Oct 2023R180.7bR408.9bR25.4b5.8x7.1x0.4x
Sun, 24 Sep 2023R190.3bR408.9bR25.5b5.5x7.5x0.5x
Tue, 22 Aug 2023R186.3bR411.2bR27.6b5.7x6.8x0.5x
Thu, 20 Jul 2023R186.8bR410.7bR27.5b5.7x6.8x0.5x
Sat, 17 Jun 2023R191.7bR410.0bR27.6b5.9x6.9x0.5x
Mon, 15 May 2023R175.0bR401.2bR25.5b5.6x6.9x0.4x
Wed, 12 Apr 2023R182.7bR401.0bR25.5b5.7x7.2x0.5x
Fri, 10 Mar 2023R190.5bR391.8bR25.0b5.5x7.6x0.5x
Sun, 05 Feb 2023R182.9bR389.1bR25.2b5.6x7.2x0.5x
Tue, 03 Jan 2023R170.4bR388.9bR25.2b5.7x6.8x0.4x
Thu, 01 Dec 2022R179.5bR377.1bR24.0b6.5x7.5x0.5x
Sat, 29 Oct 2022R171.3bR372.2bR24.8b6.5x6.9x0.5x
Mon, 26 Sep 2022R165.4bR372.2bR24.8b6.2x6.7x0.4x
Wed, 24 Aug 2022R191.9bR373.9bR21.4b6.8x9x0.5x
Fri, 22 Jul 2022R184.0bR368.1bR20.5b7.3x9x0.5x
Price to Earnings Ratio

9x


Total Market Cap: R184.0bTotal Earnings: R20.5bTotal Revenue: R368.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Industrials Sector Price to Earnings3Y Average 7.9x202320242025
Current Industry PE
  • Investors are pessimistic on the South African Industrials 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 5.2x which is lower than its 3-year average PE of 7.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Industrials sector?

ZA Market-0.67%
Industrials-1.25%
Commercial Services7.73%
Logistics1.72%
Aerospace & Defense0%0
Marine and Shipping0%0
Construction-0.15%
Trade Distributors-0.37%
Building-0.74%
Machinery-1.19%
Professional Services-1.48%
Industrials-1.67%
Electrical-1.69%
Transportation-1.86%
Infrastructure-4.70%
Industry PE
  • Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 11.4x.
    • Analysts are expecting annual earnings growth of 33.1%, which is higher than its past year's earnings decline of 68.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 68% per year.
  • In contrast, the Industrials industry is expected to see its earnings grow by 10% 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
RBX Raubex GroupR46.603.0%
+R242.9m
1.6%PE7.7x
NVS Novus HoldingsR7.506.7%
+R148.0m
29.8%PE6.8x
BAW BarloworldR116.520.7%
+R143.6m
28.9%PE12.8x
HCI Hosken Consolidated InvestmentsR142.330.9%
+R103.1m
-20.6%PE1.7x
ART Argent IndustrialR27.520.8%
+R12.0m
23.9%PE5.5x

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