Returns On Capital At Bidvest Group (JSE:BVT) Have Hit The Brakes
Jan 10
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South African (JSE) Industrials Sector Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies29
- 7D-1.2%
- 3M-7.3%
- 1Y11.1%
- YTD-4.0%
Over the last 7 days, the Industrials industry has dropped 1.3%, driven by a pullback from Bidvest Group of 1.2%. In the past year, the industry has gained 11%. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | R194.8b | R459.6b | R22.5b | 6.3x | 8.7x | 0.4x |
| Mon, 30 Dec 2024 | R203.9b | R459.5b | R22.5b | 6.7x | 9.1x | 0.4x |
| Wed, 27 Nov 2024 | R206.5b | R459.1b | R22.2b | 7x | 9.3x | 0.4x |
| Fri, 25 Oct 2024 | R208.3b | R456.7b | R21.8b | 6.8x | 9.6x | 0.5x |
| Sun, 22 Sep 2024 | R210.2b | R457.3b | R21.7b | 7.5x | 9.7x | 0.5x |
| Tue, 20 Aug 2024 | R212.5b | R458.7b | R18.7b | 7.3x | 11.3x | 0.5x |
| Thu, 18 Jul 2024 | R199.1b | R452.3b | R19.0b | 7.2x | 10.5x | 0.4x |
| Sat, 15 Jun 2024 | R185.2b | R453.0b | R19.1b | 7.7x | 9.7x | 0.4x |
| Mon, 13 May 2024 | R182.4b | R440.2b | R19.8b | 5.5x | 9.2x | 0.4x |
| Wed, 10 Apr 2024 | R170.2b | R418.9b | R20.7b | 5.1x | 8.2x | 0.4x |
| Fri, 08 Mar 2024 | R174.2b | R418.6b | R20.6b | 5.3x | 8.5x | 0.4x |
| Sun, 04 Feb 2024 | R176.7b | R423.5b | R28.0b | 6.7x | 6.3x | 0.4x |
| Tue, 02 Jan 2024 | R183.5b | R422.8b | R27.9b | 6x | 6.6x | 0.4x |
| Thu, 30 Nov 2023 | R174.4b | R422.6b | R27.9b | 5.9x | 6.3x | 0.4x |
| Sat, 28 Oct 2023 | R179.1b | R408.8b | R25.4b | 5.7x | 7x | 0.4x |
| Mon, 25 Sep 2023 | R190.3b | R408.9b | R25.5b | 5.5x | 7.5x | 0.5x |
| Wed, 23 Aug 2023 | R186.8b | R411.1b | R27.6b | 5.6x | 6.8x | 0.5x |
| Fri, 21 Jul 2023 | R186.8b | R410.7b | R27.5b | 5.7x | 6.8x | 0.5x |
| Sun, 18 Jun 2023 | R191.7b | R410.0b | R27.6b | 5.9x | 6.9x | 0.5x |
| Tue, 16 May 2023 | R175.4b | R401.2b | R25.5b | 5.6x | 6.9x | 0.4x |
| Thu, 13 Apr 2023 | R182.9b | R401.1b | R25.5b | 5.7x | 7.2x | 0.5x |
| Sat, 11 Mar 2023 | R191.2b | R391.7b | R25.0b | 5.5x | 7.6x | 0.5x |
| Mon, 06 Feb 2023 | R182.9b | R389.6b | R25.3b | 5.6x | 7.2x | 0.5x |
| Wed, 04 Jan 2023 | R172.0b | R388.9b | R25.2b | 5.9x | 6.8x | 0.4x |
| Fri, 02 Dec 2022 | R179.4b | R377.1b | R24.1b | 6.2x | 7.5x | 0.5x |
| Sun, 30 Oct 2022 | R171.3b | R372.2b | R24.8b | 6.5x | 6.9x | 0.5x |
| Tue, 27 Sep 2022 | R164.7b | R372.2b | R24.8b | 6.2x | 6.6x | 0.4x |
| Thu, 25 Aug 2022 | R192.7b | R376.4b | R21.8b | 6.9x | 8.9x | 0.5x |
| Sat, 23 Jul 2022 | R184.0b | R368.1b | R20.5b | 7.3x | 9x | 0.5x |
| Mon, 20 Jun 2022 | R180.9b | R366.2b | R20.4b | 7.7x | 8.8x | 0.5x |
| Wed, 18 May 2022 | R186.8b | R363.8b | R20.0b | 8.5x | 9.3x | 0.5x |
| Fri, 15 Apr 2022 | R200.2b | R415.9b | R20.8b | 8.7x | 9.6x | 0.5x |
| Sun, 13 Mar 2022 | R199.8b | R433.9b | R21.5b | 8.4x | 9.3x | 0.5x |
| Tue, 08 Feb 2022 | R266.5b | R428.5b | R21.8b | 9.4x | 12.2x | 0.6x |
Price to Earnings Ratio
12.2x
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 8.2x.
- 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 2.3% 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 | 1.79% | |
| Industrials | -1.21% | |
| Logistics | 7.14% | |
| Transportation | 1.27% | |
| Machinery | 0.62% | |
| Aerospace & Defense | 0% | 0 |
| Electrical | 0% | 0 |
| Airlines | 0% | 0 |
| Marine and Shipping | 0% | 0 |
| Professional Services | -0.28% | |
| Infrastructure | -0.41% | |
| Commercial Services | -0.72% | |
| Trade Distributors | -0.84% | |
| Building | -0.87% | |
| Industrials | -1.46% | |
| Construction | -2.11% | |
Industry PE
- Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 9.2x.
- 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 Industrials industry is expected to see its earnings grow by 9.3% 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 | |
|---|---|---|---|---|---|
| SNV Santova | R7.50 | 7.1% +R64.0m | -2.1% | PE7.3x | |
| IVT Invicta Holdings | R31.64 | 2.1% +R62.0m | 17.2% | PE6.9x | |
| FTH Frontier Transport Holdings | R7.69 | 2.5% +R55.6m | 3.9% | PE5.7x | |
| BEL Bell Equipment | R41.95 | 0.6% +R24.9m | 81.2% | PE5.4x | |
| ZZD Zeda | R12.44 | 0.08% +R1.9m | -1.7% | PE3.9x |