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Oct 15
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South African (JSE) Industrials Sector Analysis
UpdatedOct 22, 2024
DataAggregated Company Financials
Companies29
- 7D0.8%
- 3M4.9%
- 1Y19.8%
- YTD17.0%
The Industrials industry has been flat over the last week, but Raubex Group has lost 5.5%. The past year has been better, since the industry has gained 20% in that time. Looking forward, earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Tue, 22 Oct 2024 | R211.1b | R456.7b | R21.7b | 7.5x | 9.7x | 0.5x |
| Thu, 19 Sep 2024 | R209.5b | R457.3b | R21.8b | 7.5x | 9.6x | 0.5x |
| Sat, 17 Aug 2024 | R206.6b | R452.0b | R19.0b | 7.4x | 10.9x | 0.5x |
| Mon, 15 Jul 2024 | R199.9b | R452.0b | R19.0b | 7.1x | 10.5x | 0.4x |
| Wed, 12 Jun 2024 | R179.2b | R453.2b | R19.1b | 7.5x | 9.4x | 0.4x |
| Fri, 10 May 2024 | R181.5b | R440.2b | R19.8b | 5.5x | 9.2x | 0.4x |
| Sun, 07 Apr 2024 | R167.5b | R419.0b | R20.7b | 5.9x | 8.1x | 0.4x |
| Tue, 05 Mar 2024 | R173.1b | R415.2b | R20.5b | 5.2x | 8.4x | 0.4x |
| Thu, 01 Feb 2024 | R178.7b | R423.1b | R28.0b | 6.7x | 6.4x | 0.4x |
| Sat, 30 Dec 2023 | R183.5b | R422.8b | R27.9b | 6x | 6.6x | 0.4x |
| Mon, 27 Nov 2023 | R189.0b | R422.0b | R27.8b | 5.8x | 6.8x | 0.4x |
| Wed, 25 Oct 2023 | R180.3b | R408.8b | R25.5b | 5.8x | 7.1x | 0.4x |
| Fri, 22 Sep 2023 | R190.1b | R409.0b | R25.5b | 5.5x | 7.5x | 0.5x |
| Sun, 20 Aug 2023 | R186.3b | R411.2b | R27.6b | 5.6x | 6.8x | 0.5x |
| Tue, 18 Jul 2023 | R186.8b | R410.7b | R27.5b | 5.7x | 6.8x | 0.5x |
| Thu, 15 Jun 2023 | R187.2b | R410.0b | R27.6b | 5.7x | 6.8x | 0.5x |
| Sat, 13 May 2023 | R175.0b | R401.2b | R25.5b | 5.6x | 6.9x | 0.4x |
| Mon, 10 Apr 2023 | R183.9b | R401.0b | R25.5b | 5.8x | 7.2x | 0.5x |
| Wed, 08 Mar 2023 | R192.1b | R391.8b | R25.0b | 5.5x | 7.7x | 0.5x |
| Fri, 03 Feb 2023 | R179.7b | R389.1b | R25.2b | 5.7x | 7.1x | 0.5x |
| Sun, 01 Jan 2023 | R170.4b | R388.9b | R25.2b | 5.7x | 6.8x | 0.4x |
| Tue, 29 Nov 2022 | R176.4b | R376.9b | R24.0b | 6.5x | 7.3x | 0.5x |
| Thu, 27 Oct 2022 | R167.6b | R372.2b | R24.8b | 6.3x | 6.7x | 0.5x |
| Sat, 24 Sep 2022 | R165.4b | R372.2b | R24.8b | 6.2x | 6.7x | 0.4x |
| Mon, 22 Aug 2022 | R193.1b | R369.7b | R21.2b | 6.9x | 9.1x | 0.5x |
| Wed, 20 Jul 2022 | R179.4b | R368.1b | R20.5b | 7.3x | 8.7x | 0.5x |
| Fri, 17 Jun 2022 | R185.5b | R365.7b | R20.3b | 7.9x | 9.1x | 0.5x |
| Sun, 15 May 2022 | R186.6b | R363.1b | R19.9b | 8.5x | 9.4x | 0.5x |
| Tue, 12 Apr 2022 | R204.0b | R415.9b | R20.8b | 8.7x | 9.8x | 0.5x |
| Thu, 10 Mar 2022 | R196.8b | R433.9b | R21.5b | 8.5x | 9.1x | 0.5x |
| Sat, 05 Feb 2022 | R264.0b | R428.3b | R21.8b | 9.3x | 12.1x | 0.6x |
| Mon, 03 Jan 2022 | R266.9b | R428.1b | R21.8b | 9.1x | 12.2x | 0.6x |
| Wed, 01 Dec 2021 | R194.4b | R427.0b | R21.6b | 8.3x | 9x | 0.5x |
| Fri, 29 Oct 2021 | R196.2b | R438.2b | R16.5b | 8.3x | 11.9x | 0.4x |
Price to Earnings Ratio
11.9x
Current Industry PE
- Investors are optimistic on the South African Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.7x which is higher than its 3-year average PE 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 grown 9.6% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the South African Industrials sector?
| ZA Market | 0.82% | |
| Industrials | 0.82% | |
| Industrials | 2.10% | |
| Infrastructure | 0.72% | |
| Trade Distributors | 0.13% | |
| Aerospace & Defense | 0% | |
| Airlines | 0% | |
| Marine and Shipping | 0% | |
| Commercial Services | -0.42% | |
| Transportation | -0.45% | |
| Machinery | -0.71% | |
| Building | -1.21% | |
| Professional Services | -2.71% | |
| Construction | -3.52% | |
| Logistics | -3.78% | |
| Electrical | -10.06% | |
Industry PE
- Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 8.6x.
- Analysts are expecting annual earnings growth of 10.1%, which is higher than its past year's earnings growth of 5.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Transportation industry is expected to see its earnings grow by 4.5% 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 | R285.25 | 2.2% +R2.1b | 10.2% | PE15.2x | |
| HCI Hosken Consolidated Investments | R187.56 | 6.0% +R857.2m | -4.4% | PE23.3x | |
| HDC Hudaco Industries | R193.70 | 2.1% +R112.7m | 26.6% | PE9.7x | |
| ZZD Zeda | R14.10 | 3.8% +R97.4m | 32.1% | PE3.9x | |
| GND Grindrod | R15.34 | 0.7% +R73.5m | 45.7% | PE10x |
