Benign Growth For South Ocean Holdings Limited (JSE:SOH) Underpins Stock's 27% Plummet
Aug 21
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South African (JSE) Industrials Sector Analysis
UpdatedAug 22, 2025
DataAggregated Company Financials
Companies27
- 7D0.5%
- 3M-0.05%
- 1Y-13.0%
- YTD-11.7%
Over the last 7 days, the Industrials industry has remained flat. Unfortunately though, the industry is down 13% over the past 12 months. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 Aug 2025 | R178.2b | R507.8b | R33.1b | 5.7x | 5.4x | 0.4x |
| Sun, 20 Jul 2025 | R180.3b | R511.5b | R34.1b | 7.1x | 5.3x | 0.4x |
| Tue, 17 Jun 2025 | R176.2b | R513.4b | R33.9b | 7.1x | 5.2x | 0.3x |
| Thu, 15 May 2025 | R182.4b | R423.1b | R21.3b | 7.1x | 8.5x | 0.4x |
| Sat, 12 Apr 2025 | R168.7b | R425.0b | R21.5b | 7.1x | 7.8x | 0.4x |
| Mon, 10 Mar 2025 | R181.1b | R424.6b | R21.8b | 7.3x | 8.3x | 0.4x |
| Wed, 05 Feb 2025 | R192.8b | R459.7b | R22.5b | 6.4x | 8.6x | 0.4x |
| Fri, 03 Jan 2025 | R202.9b | R459.6b | R22.5b | 6.7x | 9x | 0.4x |
| Sun, 01 Dec 2024 | R203.3b | R459.3b | R22.3b | 7x | 9.1x | 0.4x |
| Tue, 29 Oct 2024 | R213.4b | R456.6b | R21.8b | 6.8x | 9.8x | 0.5x |
| Thu, 26 Sep 2024 | R211.9b | R456.7b | R21.7b | 7.5x | 9.8x | 0.5x |
| Sat, 24 Aug 2024 | R215.1b | R460.9b | R20.2b | 6.7x | 10.7x | 0.5x |
| Mon, 22 Jul 2024 | R199.3b | R452.4b | R19.1b | 7.5x | 10.5x | 0.4x |
| Wed, 19 Jun 2024 | R196.0b | R452.8b | R19.1b | 7.5x | 10.3x | 0.4x |
| Fri, 17 May 2024 | R185.6b | R441.1b | R19.8b | 5.3x | 9.4x | 0.4x |
| Sun, 14 Apr 2024 | R169.5b | R419.2b | R20.8b | 5.1x | 8.2x | 0.4x |
| Tue, 12 Mar 2024 | R171.5b | R417.3b | R20.6b | 5.1x | 8.3x | 0.4x |
| Thu, 08 Feb 2024 | R165.6b | R404.5b | R20.7b | 5.5x | 8x | 0.4x |
| Sat, 06 Jan 2024 | R177.9b | R423.0b | R28.0b | 6.1x | 6.4x | 0.4x |
| Mon, 04 Dec 2023 | R175.8b | R423.3b | R27.9b | 6x | 6.3x | 0.4x |
| Wed, 01 Nov 2023 | R181.8b | R408.8b | R25.4b | 5.7x | 7.1x | 0.4x |
| Fri, 29 Sep 2023 | R190.1b | R409.0b | R25.5b | 5.5x | 7.5x | 0.5x |
| Sun, 27 Aug 2023 | R191.6b | R413.0b | R26.4b | 5.6x | 7.3x | 0.5x |
| Tue, 25 Jul 2023 | R187.2b | R410.6b | R27.5b | 5.7x | 6.8x | 0.5x |
| Thu, 22 Jun 2023 | R186.6b | R410.3b | R27.6b | 5.8x | 6.8x | 0.5x |
| Sat, 20 May 2023 | R173.5b | R404.1b | R25.6b | 6.1x | 6.8x | 0.4x |
| Mon, 17 Apr 2023 | R182.6b | R401.0b | R25.5b | 5.7x | 7.2x | 0.5x |
| Wed, 15 Mar 2023 | R186.3b | R398.6b | R25.4b | 5.4x | 7.3x | 0.5x |
| Fri, 10 Feb 2023 | R180.9b | R389.7b | R25.3b | 5.5x | 7.1x | 0.5x |
| Sun, 08 Jan 2023 | R170.6b | R389.1b | R25.2b | 6x | 6.8x | 0.4x |
| Tue, 06 Dec 2022 | R173.6b | R380.8b | R24.8b | 6x | 7x | 0.5x |
| Thu, 03 Nov 2022 | R171.6b | R372.3b | R24.9b | 6.6x | 6.9x | 0.5x |
| Sat, 01 Oct 2022 | R160.3b | R372.2b | R24.8b | 6.1x | 6.5x | 0.4x |
| Mon, 29 Aug 2022 | R191.7b | R376.4b | R21.8b | 6.9x | 8.8x | 0.5x |
Price to Earnings Ratio
8.8x
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 5.4x which is lower than its 3-year average PE of 7.8x.
- 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 15% per year over the last three years.
- Revenues for these companies have grown 10% 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 | -0.42% | |
| Industrials | 0.46% | |
| Infrastructure | 8.67% | |
| Industrials | 0.74% | |
| Aerospace & Defense | 0% | 0 |
| Marine and Shipping | 0% | 0 |
| Building | -0.089% | |
| Construction | -0.33% | |
| Trade Distributors | -0.36% | |
| Logistics | -0.79% | |
| Transportation | -1.03% | |
| Professional Services | -1.48% | |
| Machinery | -3.77% | |
| Commercial Services | -5.57% | |
| Electrical | -23.46% | |
Industry PE
- Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 11.1x.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BVT Bidvest Group | R237.78 | 0.9% +R696.8m | -14.5% | PE12.8x | |
| GND Grindrod | R13.04 | 8.7% +R694.6m | -17.3% | PE27.7x | |
| KAP KAP | R1.82 | 7.1% +R300.1m | -42.6% | PE4.7x | |
| WBO Wilson Bayly Holmes-Ovcon | R175.83 | 2.1% +R190.2m | -7.2% | PE8.7x | |
| HDC Hudaco Industries | R185.75 | 3.5% +R180.3m | 0.4% | PE9.6x |
