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South African (JSE) Industrials Sector Analysis
UpdatedDec 07, 2021
DataAggregated Company Financials
Companies36
- 7D0.1%
- 3M0.8%
- 1Y169.1%
- YTD170.7%
Over the last 7 days, the Industrials industry has remained flat. The past year has been better, since the industry has gained 169% in that time.
Sector Valuation and Performance
Has the South African Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Wed, 08 Dec 2021 | R197.7b | R427.0b | R21.6b | 8.5x |
| Fri, 05 Nov 2021 | R201.5b | R435.1b | R17.5b | 8.1x |
| Sun, 03 Oct 2021 | R194.7b | R429.8b | R17.4b | 8.2x |
| Tue, 31 Aug 2021 | R191.5b | R426.8b | R16.3b | 7.9x |
| Wed, 07 Jul 2021 | R179.4b | R426.8b | R16.3b | 8.1x |
| Sat, 10 Apr 2021 | R162.6b | R418.7b | R11.2b | 8.4x |
| Fri, 01 Jan 2021 | R141.5b | R414.7b | R61.3m | 7.9x |
| Mon, 05 Oct 2020 | R118.3b | R425.3b | -R6,458,152,624.06 | 7.4x |
| Thu, 09 Jul 2020 | R146.0b | R433.7b | -R6,767,699,659.76 | 9.7x |
| Wed, 01 Apr 2020 | R134.5b | R444.6b | -R4,012,023,137.65 | 9.9x |
| Sat, 04 Jan 2020 | R225.9b | R456.7b | R337.0m | 9.3x |
| Tue, 08 Oct 2019 | R216.4b | R464.8b | R3.7b | 10x |
| Mon, 01 Jul 2019 | R231.9b | R460.5b | R5.4b | 10.4x |
| Thu, 04 Apr 2019 | R245.1b | R465.2b | R10.6b | 10.3x |
| Sun, 06 Jan 2019 | R258.9b | R467.4b | R16.4b | 10.4x |
PE Ratio
10.4x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.3x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Industrials industry have grown 9.6% per year over the last three years, while revenues for these companies have declined 3.0% per year. This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the South African Industrials sector?
| Infrastructure | 6.64% | |
| Industrials | 1.92% | |
| Logistics | 0.081% | |
| Construction | 0.057% | |
| Aerospace & Defense | 0% | |
| Electrical | 0% | |
| Building | -0.19% | |
| Trade Distributors | -1.17% | |
| Commercial Services | -3.15% | |
| Professional Services | -4.14% | |
| Machinery | -4.85% | |
| Transportation | -6.39% | |
Industry PE: Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 23.1x. However analysts are expecting annual earnings growth of 44%, which is lower than the prior year's growth of 414% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Electrical industry, which is trading below its 3-year average of 11.3x.
Forecasted Growth: Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 44% over the next 5 years. However this is lower than its past earnings growth rate of 414% per year. Meanwhile, the Trade Distributors industry is expected to see its earnings grow by 9.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| BVT Bidvest Group | 2.4%+R1.5b | 13.8% | PE16.6x | |
| RBX Raubex Group | 11.7%+R746.9m | 69.4% | PE15.6x | |
| PSG PSG Group | 2.4%+R416.7m | 46.3% | PE2.2x | |
| MUR Murray & Roberts Holdings | 5.2%+R282.2m | 90.1% | PE75.9x | |
| GND Grindrod | 6.6%+R208.2m | 4.4% | PS0.9x |