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South African (JSE) Industrials Sector Analysis

UpdatedSep 23, 2023
DataAggregated Company Financials
Companies33
  • 7D2.3%
  • 3M-3.8%
  • 1Y6.3%
  • YTD2.7%

In the last week, the Industrials industry is up 2.3%, with Bidvest Group up 3.5%. During this same period, the Frontier Transport Holdings underperformed, falling 7.0%. In the last 12 months, the industry was up 6.3%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Sep 2023R190.3bR408.9bR25.5b5.5x7.5x0.5x
Mon, 21 Aug 2023R186.3bR411.2bR27.6b5.6x6.8x0.5x
Wed, 19 Jul 2023R187.8bR410.7bR27.5b5.7x6.8x0.5x
Fri, 16 Jun 2023R191.7bR410.0bR27.6b5.9x6.9x0.5x
Sun, 14 May 2023R175.0bR401.2bR25.5b5.6x6.9x0.4x
Tue, 11 Apr 2023R183.9bR401.0bR25.5b5.8x7.2x0.5x
Thu, 09 Mar 2023R190.5bR391.8bR25.0b5.5x7.6x0.5x
Sat, 04 Feb 2023R182.9bR389.1bR25.2b5.6x7.2x0.5x
Mon, 02 Jan 2023R170.4bR388.9bR25.2b5.7x6.8x0.4x
Wed, 30 Nov 2022R174.8bR377.1bR24.1b6.5x7.3x0.5x
Fri, 28 Oct 2022R170.1bR372.2bR24.8b6.4x6.8x0.5x
Sun, 25 Sep 2022R165.4bR372.2bR24.8b6.2x6.7x0.4x
Tue, 23 Aug 2022R191.7bR369.7bR21.2b6.9x9x0.5x
Thu, 21 Jul 2022R181.9bR368.1bR20.5b7.4x8.9x0.5x
Sat, 18 Jun 2022R180.9bR365.7bR20.3b7.7x8.9x0.5x
Mon, 16 May 2022R186.6bR363.1bR19.9b8.5x9.4x0.5x
Wed, 13 Apr 2022R204.6bR415.9bR20.8b8.7x9.8x0.5x
Fri, 11 Mar 2022R198.1bR433.9bR21.5b8.3x9.2x0.5x
Sun, 06 Feb 2022R264.0bR428.3bR21.8b9.3x12.1x0.6x
Tue, 04 Jan 2022R268.2bR428.1bR21.8b9x12.3x0.6x
Thu, 02 Dec 2021R196.1bR427.0bR21.6b8.4x9.1x0.5x
Sat, 30 Oct 2021R196.2bR438.3bR16.6b7.8x11.8x0.4x
Mon, 27 Sep 2021R190.3bR429.8bR17.4b8x11x0.4x
Wed, 25 Aug 2021R189.9bR426.8bR16.3b8x11.7x0.4x
Thu, 01 Jul 2021R179.4bR426.8bR16.3b8.1x11x0.4x
Sun, 04 Apr 2021R162.6bR418.7bR11.2b8.4x14.5x0.4x
Wed, 06 Jan 2021R141.5bR414.7bR61.3m7.9x2309.2x0.3x
Sat, 10 Oct 2020R118.3bR425.3b-R6,458,152,624.067.4x-18.3x0.3x
Price to Earnings Ratio

-18.3x


Total Market Cap: R118.3bTotal Earnings: -R6,458,152,624.06Total Revenue: R425.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Industrials Sector Price to Earnings3Y Average 135.7x202120222023
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 7.5x which is lower than its 3-year average PE of 136x.
  • The industry is trading close to its 3-year average PS ratio of 0.45x.
Past Earnings Growth
  • Total earnings for the Industrials industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient 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-0.61%
Industrials2.25%
Construction5.02%
Commercial Services3.06%
Infrastructure2.96%
Industrials2.67%
Machinery1.74%
Trade Distributors0.54%
Logistics0.21%
Aerospace & Defense0%
Electrical0%
Airlines0%
Marine and Shipping0%
Transportation-3.02%
Building-4.73%
Professional Services-9.93%
Industry PE
  • Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio.
    • 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 of 0.68x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 18% per year.
  • In contrast, the Trade Distributors industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BVT Bidvest GroupR275.183.5%
+R3.1b
29.6%PE15.7x
RBX Raubex GroupR28.627.8%
+R369.3m
-17.6%PE7.3x
WBO Wilson Bayly Holmes-OvconR122.914.2%
+R260.3m
59.5%PE7.2x
GND GrindrodR11.123.0%
+R213.7m
12.7%PE8.1x
KAP KAPR2.403.0%
+R173.4m
-36.7%PE14.4x
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Latest News

TRL

R2.10

Trellidor Holdings

7D

-16.0%

1Y

-1.4%

RBX

R28.62

Raubex Group

7D

7.8%

1Y

-17.6%

IVT

R26.32

Invicta Holdings

7D

3.4%

1Y

4.2%

GND

R11.12

Grindrod

7D

3.0%

1Y

12.7%

WBO

R122.91

Wilson Bayly Holmes-Ovcon

7D

4.2%

1Y

59.5%

KAP

R2.40

KAP

7D

3.0%

1Y

-36.7%

FTH

R5.30

Frontier Transport Holdings

7D

-7.0%

1Y

10.4%

RLO

R59.84

Reunert

7D

-0.2%

1Y

39.9%

AEG

R6.50

Aveng

7D

-7.1%

1Y

-57.9%

ISB

R1.01

Insimbi Industrial Holdings

7D

-4.7%

1Y

3.1%

HDC

R156.00

Hudaco Industries

7D

-1.2%

1Y

15.7%