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South African (JSE) Industrials Sector Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies29
- 7D-0.4%
- 3M-0.8%
- 1Y11.1%
- YTD14.1%
Last week, the Industrials industry hasn't moved much but Barloworld is up 8.4% in that time. As for the the longer term, the industry is up 11% over the past 12 months. Earnings are forecast to grow by 10% annually.
Sector Valuation and Performance
Has the South African Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | R205.9b | R460.2b | R22.0b | 6.9x | 9.4x | 0.4x |
| Fri, 18 Oct 2024 | R210.9b | R457.4b | R21.8b | 7x | 9.7x | 0.5x |
| Sun, 15 Sep 2024 | R203.5b | R457.6b | R21.8b | 6.6x | 9.3x | 0.4x |
| Tue, 13 Aug 2024 | R197.8b | R452.5b | R19.1b | 7.4x | 10.4x | 0.4x |
| Thu, 11 Jul 2024 | R201.6b | R452.2b | R19.0b | 6.9x | 10.6x | 0.4x |
| Sat, 08 Jun 2024 | R179.9b | R453.4b | R19.1b | 7.6x | 9.4x | 0.4x |
| Mon, 06 May 2024 | R179.9b | R440.3b | R19.8b | 5.4x | 9.1x | 0.4x |
| Wed, 03 Apr 2024 | R166.9b | R419.1b | R20.7b | 5.7x | 8x | 0.4x |
| Fri, 01 Mar 2024 | R165.1b | R410.5b | R20.7b | 5.4x | 8x | 0.4x |
| Sun, 28 Jan 2024 | R178.4b | R423.1b | R28.0b | 6.5x | 6.4x | 0.4x |
| Tue, 26 Dec 2023 | R180.2b | R422.9b | R28.0b | 6.1x | 6.4x | 0.4x |
| Thu, 23 Nov 2023 | R188.0b | R420.3b | R27.7b | 6.1x | 6.8x | 0.4x |
| Sat, 21 Oct 2023 | R180.7b | R408.8b | R25.5b | 5.4x | 7.1x | 0.4x |
| Mon, 18 Sep 2023 | R186.1b | R409.0b | R25.5b | 5.7x | 7.3x | 0.5x |
| Wed, 16 Aug 2023 | R188.7b | R411.2b | R27.6b | 5.5x | 6.8x | 0.5x |
| Fri, 14 Jul 2023 | R187.9b | R410.7b | R27.5b | 5.7x | 6.8x | 0.5x |
| Sun, 11 Jun 2023 | R183.5b | R410.1b | R27.6b | 5.7x | 6.6x | 0.4x |
| Tue, 09 May 2023 | R176.9b | R401.0b | R25.5b | 5.7x | 6.9x | 0.4x |
| Thu, 06 Apr 2023 | R183.9b | R399.1b | R25.3b | 5.8x | 7.3x | 0.5x |
| Sat, 04 Mar 2023 | R180.6b | R391.7b | R25.0b | 5.6x | 7.2x | 0.5x |
| Mon, 30 Jan 2023 | R174.4b | R389.1b | R25.2b | 5.5x | 6.9x | 0.4x |
| Wed, 28 Dec 2022 | R172.7b | R388.9b | R25.2b | 5.6x | 6.8x | 0.4x |
| Fri, 25 Nov 2022 | R175.3b | R370.0b | R24.1b | 6.5x | 7.3x | 0.5x |
| Sun, 23 Oct 2022 | R165.0b | R372.2b | R24.8b | 6.2x | 6.6x | 0.4x |
| Tue, 20 Sep 2022 | R170.8b | R372.2b | R24.8b | 6.5x | 6.9x | 0.5x |
| Thu, 18 Aug 2022 | R194.2b | R369.8b | R21.2b | 7.3x | 9.2x | 0.5x |
| Sat, 16 Jul 2022 | R179.4b | R368.1b | R20.5b | 7.3x | 8.7x | 0.5x |
| Mon, 13 Jun 2022 | R185.8b | R365.7b | R20.3b | 8.1x | 9.1x | 0.5x |
| Wed, 11 May 2022 | R183.6b | R363.1b | R19.9b | 8.5x | 9.2x | 0.5x |
| Fri, 08 Apr 2022 | R203.0b | R415.9b | R20.8b | 8.5x | 9.8x | 0.5x |
| Sun, 06 Mar 2022 | R203.0b | R438.4b | R22.9b | 8.3x | 8.9x | 0.5x |
| Tue, 01 Feb 2022 | R260.3b | R428.0b | R21.8b | 9.4x | 11.9x | 0.6x |
| Thu, 30 Dec 2021 | R265.3b | R427.7b | R21.6b | 9.2x | 12.3x | 0.6x |
| Sat, 27 Nov 2021 | R189.0b | R423.7b | R21.3b | 8.3x | 8.9x | 0.4x |
Price to Earnings Ratio
8.9x
Current Industry PE
- Investors are optimistic on the South African Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.4x which is higher than its 3-year average PE of 8.4x.
- The industry is trading close to its 3-year average PS ratio of 0.47x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 2.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the South African Industrials sector?
| ZA Market | 0.33% | |
| Industrials | -0.41% | |
| Trade Distributors | 4.59% | |
| Construction | 4.06% | |
| Logistics | 2.94% | |
| Commercial Services | 2.09% | |
| Infrastructure | 2.04% | |
| Building | 1.04% | |
| Aerospace & Defense | 0% | |
| Airlines | 0% | |
| Marine and Shipping | 0% | |
| Machinery | -0.94% | |
| Transportation | -1.91% | |
| Industrials | -2.28% | |
| Professional Services | -2.32% | |
| Electrical | -3.67% | |
Industry PE
- Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 8.8x.
- Analysts are expecting annual earnings growth of 10.1%, which is higher than its past year's earnings growth of 5.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 29% per year.
- In contrast, the Transportation industry is expected to see its earnings grow by 4.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BAW Barloworld | R89.67 | 8.0% +R1.3b | 17.8% | PE9.2x | |
| RBX Raubex Group | R52.78 | 12.8% +R1.1b | 102.2% | PE9.4x | |
| WBO Wilson Bayly Holmes-Ovcon | R213.47 | 3.2% +R343.5m | 71.1% | PE11.6x | |
| RLO Reunert | R81.73 | 2.5% +R322.1m | 32.7% | PE13.5x | |
| GND Grindrod | R13.54 | 2.5% +R220.4m | 29.9% | PE8.8x |