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South African (JSE) Industrials Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies29
- 7D-1.9%
- 3M-2.1%
- 1Y15.1%
- YTD14.0%
Over the last 7 days, the Industrials industry has dropped 2.8%, driven by a pullback from Bidvest Group of 2.2%. On the other hand Frontier Transport Holdings is actually up 6.1%. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are expected to grow by 9.9% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | R205.5b | R458.7b | R22.4b | 6.7x | 9.2x | 0.4x |
| Mon, 18 Nov 2024 | R206.5b | R460.2b | R22.0b | 7.1x | 9.4x | 0.4x |
| Wed, 16 Oct 2024 | R210.0b | R457.4b | R21.8b | 7.1x | 9.6x | 0.5x |
| Fri, 13 Sep 2024 | R206.2b | R457.5b | R21.7b | 6.6x | 9.5x | 0.5x |
| Sun, 11 Aug 2024 | R200.0b | R452.5b | R19.1b | 7.4x | 10.5x | 0.4x |
| Tue, 09 Jul 2024 | R202.6b | R452.2b | R19.0b | 6.9x | 10.7x | 0.4x |
| Thu, 06 Jun 2024 | R179.6b | R441.6b | R17.5b | 7.6x | 10.3x | 0.4x |
| Sat, 04 May 2024 | R179.9b | R440.3b | R19.8b | 5.4x | 9.1x | 0.4x |
| Mon, 01 Apr 2024 | R168.5b | R419.1b | R20.8b | 5.7x | 8.1x | 0.4x |
| Wed, 28 Feb 2024 | R164.1b | R410.4b | R20.7b | 5.4x | 7.9x | 0.4x |
| Fri, 26 Jan 2024 | R178.0b | R423.2b | R28.0b | 6.5x | 6.4x | 0.4x |
| Sun, 24 Dec 2023 | R180.2b | R422.9b | R28.0b | 6.1x | 6.4x | 0.4x |
| Tue, 21 Nov 2023 | R191.7b | R416.6b | R28.1b | 6x | 6.8x | 0.5x |
| Thu, 19 Oct 2023 | R182.1b | R408.9b | R25.5b | 5.3x | 7.1x | 0.4x |
| Sat, 16 Sep 2023 | R186.9b | R409.0b | R25.5b | 5.5x | 7.3x | 0.5x |
| Mon, 14 Aug 2023 | R190.9b | R411.2b | R27.6b | 5.5x | 6.9x | 0.5x |
| Wed, 12 Jul 2023 | R184.5b | R410.8b | R27.5b | 5.7x | 6.7x | 0.4x |
| Fri, 09 Jun 2023 | R182.8b | R409.8b | R27.6b | 5.9x | 6.6x | 0.4x |
| Sun, 07 May 2023 | R178.5b | R401.0b | R25.5b | 5.9x | 7x | 0.4x |
| Tue, 04 Apr 2023 | R184.8b | R399.1b | R25.3b | 5.7x | 7.3x | 0.5x |
| Thu, 02 Mar 2023 | R181.9b | R388.6b | R25.3b | 5.4x | 7.2x | 0.5x |
| Sat, 28 Jan 2023 | R174.4b | R389.1b | R25.2b | 5.5x | 6.9x | 0.4x |
| Mon, 26 Dec 2022 | R172.7b | R388.9b | R25.2b | 5.6x | 6.8x | 0.4x |
| Wed, 23 Nov 2022 | R173.6b | R374.4b | R25.0b | 6.6x | 6.9x | 0.5x |
| Fri, 21 Oct 2022 | R165.0b | R372.3b | R24.8b | 6.2x | 6.6x | 0.4x |
| Sun, 18 Sep 2022 | R172.9b | R372.1b | R24.8b | 6.6x | 7x | 0.5x |
| Tue, 16 Aug 2022 | R191.1b | R369.7b | R21.2b | 7x | 9x | 0.5x |
| Thu, 14 Jul 2022 | R178.6b | R367.3b | R20.6b | 7.5x | 8.7x | 0.5x |
| Sat, 11 Jun 2022 | R185.8b | R365.7b | R20.3b | 8.1x | 9.1x | 0.5x |
| Mon, 09 May 2022 | R185.3b | R363.1b | R19.9b | 8.4x | 9.3x | 0.5x |
| Wed, 06 Apr 2022 | R202.6b | R415.9b | R20.8b | 8.5x | 9.7x | 0.5x |
| Fri, 04 Mar 2022 | R209.0b | R435.9b | R22.7b | 8.3x | 9.2x | 0.5x |
| Sun, 30 Jan 2022 | R258.5b | R428.0b | R21.8b | 9.3x | 11.8x | 0.6x |
| Tue, 28 Dec 2021 | R264.6b | R427.6b | R21.6b | 8.9x | 12.3x | 0.6x |
Price to Earnings Ratio
12.3x
Current Industry PE
- Investors are relatively neutral on the South African Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 8.4x.
- The industry is trading close to its 3-year average PS ratio of 0.46x.
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 2.4% 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 | -2.74% | |
| Industrials | -1.85% | |
| Commercial Services | 3.16% | |
| Transportation | 0.98% | |
| Infrastructure | 0.83% | |
| Building | 0.63% | |
| Aerospace & Defense | 0% | |
| Electrical | 0% | |
| Airlines | 0% | |
| Marine and Shipping | 0% | |
| Trade Distributors | -0.19% | |
| Machinery | -1.33% | |
| Construction | -2.34% | |
| Industrials | -2.44% | |
| Logistics | -3.62% | |
| Professional Services | -7.65% | |
Industry PE
- Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 8.9x.
- Analysts expect its future annual earnings growth (9.3%) to be largely in line with prior year's earnings growth.
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 7.2% 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 | |
|---|---|---|---|---|---|
| FTH Frontier Transport Holdings | R7.69 | 6.1% +R128.8m | 18.9% | PE5.7x | |
| NVS Novus Holdings | R7.00 | 4.2% +R87.1m | 62.4% | PE6.7x | |
| IVT Invicta Holdings | R32.90 | 2.7% +R85.2m | 17.9% | PE7.2x | |
| GND Grindrod | R12.10 | 0.8% +R66.8m | 7.7% | PE7.8x | |
| HDC Hudaco Industries | R212.00 | 1.0% +R56.8m | 34.6% | PE10.6x |
