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South African (JSE) Industrials Sector Analysis

UpdatedDec 04, 2022
DataAggregated Company Financials
Companies34
  • 7D-2.3%
  • 3M-7.2%
  • 1Y-2.6%
  • YTD-6.7%

Over the last 7 days, the Industrials industry has dropped 2.3%, driven by Bidvest Group declining 1.9%. As for the longer term, the industry's performance has been flat for the past year. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Dec 2022R173.7bR379.8bR24.8b6.1x7x0.5x
Tue, 01 Nov 2022R170.7bR372.3bR24.8b6.5x6.9x0.5x
Thu, 29 Sep 2022R164.7bR372.2bR24.8b6.3x6.6x0.4x
Sat, 27 Aug 2022R191.7bR376.4bR21.8b6.9x8.8x0.5x
Mon, 25 Jul 2022R184.8bR368.1bR20.5b7.3x9x0.5x
Wed, 22 Jun 2022R184.8bR366.1bR20.3b7.8x9.1x0.5x
Fri, 20 May 2022R182.6bR363.9bR20.1b8.3x9.1x0.5x
Sun, 17 Apr 2022R200.2bR415.9bR20.8b8.7x9.6x0.5x
Tue, 15 Mar 2022R200.6bR433.9bR21.5b8.4x9.3x0.5x
Thu, 10 Feb 2022R268.1bR428.5bR21.8b9.3x12.3x0.6x
Sat, 08 Jan 2022R267.1bR428.0bR21.8b8.9x12.2x0.6x
Mon, 06 Dec 2021R198.6bR427.0bR21.6b8.7x9.2x0.5x
Wed, 03 Nov 2021R197.8bR438.0bR16.6b8x11.9x0.5x
Fri, 01 Oct 2021R194.6bR429.8bR17.4b8.2x11.2x0.5x
Sun, 29 Aug 2021R189.1bR426.8bR16.3b7.9x11.6x0.4x
Mon, 05 Jul 2021R179.4bR426.8bR16.3b8.1x11x0.4x
Thu, 08 Apr 2021R162.6bR418.7bR11.2b8.4x14.5x0.4x
Sun, 10 Jan 2021R141.5bR414.7bR61.3m7.9x2309.2x0.3x
Sat, 03 Oct 2020R118.3bR425.3b-R6,458,152,624.067.4x-18.3x0.3x
Tue, 07 Jul 2020R146.0bR433.7b-R6,767,699,659.769.7x-21.6x0.3x
Fri, 10 Apr 2020R134.5bR444.6b-R4,012,023,137.659.9x-33.5x0.3x
Thu, 02 Jan 2020R225.9bR456.7bR337.0m9.3x670.2x0.5x
Price to Earnings Ratio

670.2x


Total Market Cap: R225.9bTotal Earnings: R337.0mTotal Revenue: R456.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Industrials Sector Price to Earnings3Y Average 172.5x20212022
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 7.0x which is lower than its 3-year average PE of 172x.
  • The industry is trading close to its 3-year average PS ratio of 0.42x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 319% per year over the last three years.
  • Meanwhile revenues for these companies have declined 6.0% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the South African Industrials sector?

ZA Market-1.86%
Industrials-2.34%
Electrical2.98%
Professional Services1.00%
Aerospace & Defense0%
Airlines0%
Marine and Shipping0%
Logistics-0.29%
Trade Distributors-0.90%
Building-1.23%
Industrials-1.89%
Commercial Services-1.90%
Transportation-3.81%
Infrastructure-5.45%
Machinery-6.73%
Construction-7.88%
Industry PE
  • Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio of 1.1x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Electrical industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 66% over the next 5 years.
  • This is better than its past earnings growth rate of 25% per year.
  • In contrast, the Logistics industry is expected to see its earnings decline by 8.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RLO ReunertR46.864.6%
+R326.8m
-5.9%PE9.6x
MUR Murray & Roberts HoldingsR4.7510.2%
+R176.8m
-66.9%PE7.7x
ENX enX GroupR6.599.3%
+R101.6m
-14.4%PE4.4x
MMP Marshall MonteagleR26.504.9%
+R44.5m
19.3%PE13.9x
SOH South Ocean HoldingsR1.159.5%
+R20.3m
-10.9%PE3.3x
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