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South African (JSE) Industrials Sector Analysis
UpdatedApr 14, 2025
DataAggregated Company Financials
Companies27
- 7D0.9%
- 3M-11.9%
- 1Y-1.7%
- YTD-16.4%
The Industrials is pretty flat in the last 7 days, but Wilson Bayly Holmes-Ovcon has stood out, gaining 7.5%. Furthermore, the industry has been flat for the past year as well. 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 |
|---|---|---|---|---|---|---|
| Mon, 14 Apr 2025 | R168.7b | R425.0b | R21.5b | 7.1x | 7.8x | 0.4x |
| Wed, 12 Mar 2025 | R182.0b | R424.4b | R21.7b | 7.1x | 8.4x | 0.4x |
| Fri, 07 Feb 2025 | R196.2b | R459.3b | R22.4b | 6.3x | 8.7x | 0.4x |
| Sun, 05 Jan 2025 | R202.4b | R459.8b | R22.5b | 6.7x | 9x | 0.4x |
| Tue, 03 Dec 2024 | R204.4b | R459.5b | R22.3b | 7.1x | 9.1x | 0.4x |
| Thu, 31 Oct 2024 | R211.1b | R456.3b | R21.8b | 6.7x | 9.7x | 0.5x |
| Sat, 28 Sep 2024 | R214.7b | R456.6b | R21.7b | 7.2x | 9.9x | 0.5x |
| Mon, 26 Aug 2024 | R215.2b | R460.8b | R20.2b | 6.7x | 10.7x | 0.5x |
| Wed, 24 Jul 2024 | R201.1b | R452.6b | R19.1b | 7.4x | 10.5x | 0.4x |
| Fri, 21 Jun 2024 | R199.2b | R452.7b | R19.1b | 7.7x | 10.5x | 0.4x |
| Sun, 19 May 2024 | R184.7b | R441.1b | R19.8b | 6.8x | 9.3x | 0.4x |
| Tue, 16 Apr 2024 | R170.0b | R419.2b | R20.8b | 5.3x | 8.2x | 0.4x |
| Thu, 14 Mar 2024 | R172.6b | R417.2b | R20.6b | 5.2x | 8.4x | 0.4x |
| Sat, 10 Feb 2024 | R166.1b | R404.6b | R20.7b | 5.5x | 8x | 0.4x |
| Mon, 08 Jan 2024 | R177.9b | R423.0b | R28.0b | 6.1x | 6.4x | 0.4x |
| Wed, 06 Dec 2023 | R175.9b | R423.5b | R28.0b | 6.1x | 6.3x | 0.4x |
| Fri, 03 Nov 2023 | R187.9b | R409.3b | R25.4b | 5.7x | 7.4x | 0.5x |
| Sun, 01 Oct 2023 | R189.1b | R409.0b | R25.5b | 5.5x | 7.4x | 0.5x |
| Tue, 29 Aug 2023 | R194.4b | R413.0b | R26.4b | 5.6x | 7.4x | 0.5x |
| Thu, 27 Jul 2023 | R188.8b | R410.6b | R27.5b | 5.7x | 6.9x | 0.5x |
| Sat, 24 Jun 2023 | R182.9b | R410.4b | R27.6b | 5.7x | 6.6x | 0.4x |
| Mon, 22 May 2023 | R173.5b | R404.1b | R25.6b | 6.1x | 6.8x | 0.4x |
| Wed, 19 Apr 2023 | R181.4b | R401.0b | R25.5b | 5.8x | 7.1x | 0.5x |
| Fri, 17 Mar 2023 | R183.5b | R398.7b | R25.4b | 5.4x | 7.2x | 0.5x |
| Sun, 12 Feb 2023 | R181.7b | R389.7b | R25.3b | 5.5x | 7.2x | 0.5x |
| Tue, 10 Jan 2023 | R173.5b | R389.0b | R25.2b | 6.1x | 6.9x | 0.4x |
| Thu, 08 Dec 2022 | R174.5b | R380.8b | R24.8b | 5.9x | 7x | 0.5x |
| Sat, 05 Nov 2022 | R172.2b | R372.3b | R24.9b | 6.6x | 6.9x | 0.5x |
| Mon, 03 Oct 2022 | R160.3b | R372.2b | R24.8b | 6.1x | 6.5x | 0.4x |
| Wed, 31 Aug 2022 | R188.1b | R377.0b | R22.6b | 6.9x | 8.3x | 0.5x |
| Fri, 29 Jul 2022 | R182.3b | R368.1b | R20.5b | 7.6x | 8.9x | 0.5x |
| Sun, 26 Jun 2022 | R183.8b | R366.2b | R20.4b | 8.2x | 9x | 0.5x |
| Tue, 24 May 2022 | R181.9b | R363.9b | R20.9b | 8.3x | 8.7x | 0.5x |
| Thu, 21 Apr 2022 | R192.7b | R363.8b | R20.4b | 8.4x | 9.4x | 0.5x |
Price to Earnings Ratio
9.4x
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 8.1x.
- The industry is trading close to its 3-year average PS ratio of 0.45x.
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 5.3% 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 | 4.52% | |
| Industrials | 0.94% | |
| Commercial Services | 13.20% | |
| Machinery | 6.58% | |
| Construction | 6.46% | |
| Building | 1.95% | |
| Professional Services | 1.75% | |
| Infrastructure | 1.73% | |
| Trade Distributors | 1.01% | |
| Aerospace & Defense | 0% | 0 |
| Electrical | 0% | 0 |
| Logistics | 0% | 0 |
| Marine and Shipping | 0% | 0 |
| Industrials | -0.36% | |
| Transportation | -3.89% | |
Industry PE
- Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 10.6x.
- Analysts are expecting annual earnings growth of 35.7%, 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 36% 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 | |
|---|---|---|---|---|---|
| WBO Wilson Bayly Holmes-Ovcon | R180.67 | 7.5% +R668.1m | 36.3% | PE9x | |
| KAP KAP | R2.49 | 7.3% +R425.2m | -8.8% | PE6.4x | |
| RBX Raubex Group | R42.59 | 5.8% +R422.4m | 43.0% | PE7.5x | |
| HCI Hosken Consolidated Investments | R127.61 | 2.9% +R293.6m | -26.6% | PE11.5x | |
| HDC Hudaco Industries | R185.55 | 5.8% +R290.7m | 15.9% | PE10.4x |