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South African (JSE) Construction Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies4
- 7D6.5%
- 3M8.8%
- 1Y83.0%
- YTD66.7%
Over the last 7 days, the Construction industry has risen 4.1%, driven by gains from Raubex Group of 9.3%. Meanwhile, Murray & Roberts Holdings actually underperformed within the industry, shrinking 7.6% in the last week. This takes the industry's 12 month performance to a gain of 77%. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the South African Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | R22.6b | R96.9b | R2.2b | 9.4x | 10.3x | 0.2x |
| Sat, 19 Oct 2024 | R23.4b | R94.5b | R2.0b | 11.3x | 11.5x | 0.2x |
| Mon, 16 Sep 2024 | R22.6b | R94.8b | R2.0b | 11.1x | 11x | 0.2x |
| Wed, 14 Aug 2024 | R19.4b | R91.9b | R438.0m | 9.6x | 44.3x | 0.2x |
| Fri, 12 Jul 2024 | R19.0b | R91.9b | R438.0m | 9.6x | 43.4x | 0.2x |
| Sun, 09 Jun 2024 | R16.2b | R91.9b | R438.0m | 8.2x | 37x | 0.2x |
| Tue, 07 May 2024 | R14.0b | R90.9b | R349.2m | 7.5x | 40.2x | 0.2x |
| Thu, 04 Apr 2024 | R13.6b | R90.9b | R349.2m | 7.3x | 39x | 0.1x |
| Sat, 02 Mar 2024 | R13.4b | R87.2b | R255.7m | 7.2x | 52.5x | 0.2x |
| Mon, 29 Jan 2024 | R13.6b | R81.5b | R248.7m | 7.3x | 54.7x | 0.2x |
| Wed, 27 Dec 2023 | R13.4b | R81.5b | R248.7m | 7.3x | 54.1x | 0.2x |
| Fri, 24 Nov 2023 | R12.4b | R81.5b | R248.7m | 6.8x | 49.7x | 0.2x |
| Sun, 22 Oct 2023 | R11.6b | R80.4b | R194.3m | 6.6x | 59.8x | 0.1x |
| Tue, 19 Sep 2023 | R12.2b | R80.4b | R194.3m | 6.9x | 62.9x | 0.2x |
| Thu, 17 Aug 2023 | R12.9b | R92.8b | R1.9b | 6.8x | 6.9x | 0.1x |
| Sat, 15 Jul 2023 | R13.0b | R92.8b | R1.9b | 6.7x | 6.9x | 0.1x |
| Mon, 12 Jun 2023 | R11.1b | R92.8b | R1.9b | 6.3x | 5.9x | 0.1x |
| Wed, 10 May 2023 | R11.6b | R90.4b | R1.8b | 7x | 6.6x | 0.1x |
| Fri, 07 Apr 2023 | R12.8b | R90.4b | R1.8b | 7.6x | 7.2x | 0.1x |
| Sun, 05 Mar 2023 | R13.6b | R90.4b | R1.8b | 7.9x | 7.7x | 0.1x |
| Tue, 31 Jan 2023 | R12.6b | R91.6b | R1.7b | 6.9x | 7.6x | 0.1x |
| Thu, 29 Dec 2022 | R13.2b | R91.6b | R1.7b | 7.2x | 7.9x | 0.1x |
| Sat, 26 Nov 2022 | R14.1b | R85.9b | R1.8b | 8x | 7.7x | 0.2x |
| Mon, 24 Oct 2022 | R14.0b | R84.5b | R1.8b | 8.6x | 7.8x | 0.2x |
| Wed, 21 Sep 2022 | R15.1b | R84.5b | R1.8b | 11.4x | 8.4x | 0.2x |
| Fri, 19 Aug 2022 | R17.3b | R91.8b | -R316,766,000.00 | 14.8x | -54.5x | 0.2x |
| Sun, 17 Jul 2022 | R17.2b | R91.8b | -R316,766,000.00 | 14x | -54.3x | 0.2x |
| Tue, 14 Jun 2022 | R17.3b | R91.8b | -R316,766,000.00 | 14.6x | -54.7x | 0.2x |
| Thu, 12 May 2022 | R17.1b | R91.1b | -R410,979,000.00 | 16.4x | -41.7x | 0.2x |
| Sat, 09 Apr 2022 | R18.5b | R91.1b | -R410,979,000.00 | 17.5x | -45x | 0.2x |
| Mon, 07 Mar 2022 | R17.5b | R91.1b | -R410,979,000.00 | 17x | -42.6x | 0.2x |
| Wed, 02 Feb 2022 | R87.2b | R92.6b | R1.2b | 46.1x | 75x | 0.9x |
| Fri, 31 Dec 2021 | R87.6b | R92.6b | R1.2b | 46.6x | 75.4x | 0.9x |
| Sun, 28 Nov 2021 | R21.1b | R92.6b | R1.2b | 15.9x | 18.1x | 0.2x |
Price to Earnings Ratio
18.1x
Current Industry PE
- Investors are pessimistic on the South African Construction 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 10.1x which is lower than its 3-year average PE of 14.5x.
- The industry is trading close to its 3-year average PS ratio of 0.22x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 24% 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 industry?
| ZA Market | 1.70% | |
| Industrials | 1.27% | |
| Construction | 6.52% | |
| Construction and Engineering | 6.52% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RBX Raubex Group | R53.77 | 12.9% +R1.1b | 104.5% | PE9.5x | |
| WBO Wilson Bayly Holmes-Ovcon | R215.47 | 3.6% +R395.2m | 71.2% | PE11.7x | |
| AEG Aveng | R11.12 | 4.0% +R57.0m | 76.5% | PE4.9x |