Adcorp Holdings (JSE:ADR) Is Reducing Its Dividend To ZAR0.134
Nov 07
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South African (JSE) Professional Services Industry Analysis
UpdatedNov 28, 2024
DataAggregated Company Financials
Companies4
- 7D-1.1%
- 3M0.4%
- 1Y-50.8%
- YTD-52.9%
Over the last 7 days, the Professional Services industry has dropped 2.2%, driven by Transaction Capital declining 1.1%. However, the industry is down 50% over the past year.
Industry Valuation and Performance
Has the South African Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 Nov 2024 | R3.1b | R40.1b | -R487,366,000.00 | 6.9x | -6.4x | 0.08x |
| Sat, 26 Oct 2024 | R3.3b | R39.8b | -R484,236,000.00 | 6.6x | -6.8x | 0.08x |
| Mon, 23 Sep 2024 | R3.0b | R39.8b | -R484,236,000.00 | 6.7x | -6.3x | 0.08x |
| Wed, 21 Aug 2024 | R3.2b | R39.6b | -R510,863,000.00 | 6.1x | -6.3x | 0.08x |
| Fri, 19 Jul 2024 | R3.0b | R39.6b | -R510,863,000.00 | 5.1x | -6x | 0.08x |
| Sun, 16 Jun 2024 | R3.0b | R39.5b | -R515,712,000.00 | 5.1x | -5.9x | 0.08x |
| Tue, 14 May 2024 | R3.0b | R39.4b | -R807,957,000.00 | 4x | -3.7x | 0.08x |
| Thu, 11 Apr 2024 | R784.4m | R18.0b | R116.0m | 4.2x | 6.8x | 0.04x |
| Sat, 09 Mar 2024 | R816.3m | R18.0b | R223.2m | 4.4x | 3.7x | 0.05x |
| Mon, 05 Feb 2024 | R777.5m | R18.0b | R223.2m | 4x | 3.5x | 0.04x |
| Wed, 03 Jan 2024 | R832.3m | R18.0b | R223.2m | 4x | 3.7x | 0.05x |
| Fri, 01 Dec 2023 | R821.5m | R18.0b | R223.2m | 4x | 3.7x | 0.05x |
| Sun, 29 Oct 2023 | R862.2m | R17.3b | R213.4m | 4.1x | 4x | 0.05x |
| Tue, 26 Sep 2023 | R861.6m | R17.3b | R213.4m | 4.1x | 4x | 0.05x |
| Thu, 24 Aug 2023 | R984.5m | R17.2b | R242.7m | 4.7x | 4.1x | 0.06x |
| Sat, 22 Jul 2023 | R1.1b | R17.2b | R242.7m | 5.2x | 4.4x | 0.06x |
| Mon, 19 Jun 2023 | R1.1b | R17.2b | R242.5m | 5x | 4.4x | 0.06x |
| Wed, 17 May 2023 | R793.3m | R16.8b | R223.3m | 3.9x | 3.6x | 0.05x |
| Fri, 14 Apr 2023 | R881.1m | R16.8b | R223.3m | 4.7x | 3.9x | 0.05x |
| Sun, 12 Mar 2023 | R967.0m | R16.4b | R219.4m | 5.1x | 4.4x | 0.06x |
| Tue, 07 Feb 2023 | R1.0b | R16.4b | R219.4m | 5.3x | 4.6x | 0.06x |
| Thu, 05 Jan 2023 | R1.0b | R16.4b | R219.4m | 5.4x | 4.6x | 0.06x |
| Sat, 03 Dec 2022 | R951.4m | R16.4b | R219.4m | 5.3x | 4.3x | 0.06x |
| Mon, 31 Oct 2022 | R911.2m | R16.1b | R216.2m | 5.3x | 4.2x | 0.06x |
| Wed, 28 Sep 2022 | R1.0b | R16.1b | R216.2m | 5.8x | 4.9x | 0.06x |
| Fri, 26 Aug 2022 | R1.1b | R16.1b | R216.2m | 6x | 4.9x | 0.07x |
| Sun, 24 Jul 2022 | R1.1b | R15.8b | R215.8m | 4.5x | 5x | 0.07x |
| Tue, 21 Jun 2022 | R1.2b | R15.8b | R215.8m | 4.5x | 5.3x | 0.07x |
| Thu, 19 May 2022 | R1.2b | R16.9b | R152.4m | 5.1x | 7.9x | 0.07x |
| Sat, 16 Apr 2022 | R1.2b | R16.9b | R152.4m | 5.2x | 7.9x | 0.07x |
| Mon, 14 Mar 2022 | R1.1b | R16.9b | R152.4m | 4.5x | 7.5x | 0.07x |
| Wed, 09 Feb 2022 | R1.2b | R16.9b | R152.4m | 4.5x | 7.6x | 0.07x |
| Fri, 07 Jan 2022 | R1.2b | R16.9b | R152.4m | 4.1x | 7.6x | 0.07x |
| Sun, 05 Dec 2021 | R1.1b | R16.9b | R152.4m | 4.3x | 7.5x | 0.07x |
Price to Earnings Ratio
7.5x
Current Industry PE
- Investors are optimistic on the South African Professional Services industry, and appear confident in long term growth rates.
- The industry is trading close to its 3-year average PS ratio of 0.063x.
Past Earnings Growth
- Total earnings for the Professional Services industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 33% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the South African Industrials industry?
| ZA Market | -0.87% | |
| Industrials | -2.28% | |
| Professional Services | -1.14% | |
| HR Services | 1.04% | |
| Research and Consulting Services | 0% | |
Industry PE
- Investors are most optimistic about the HR Services industry which is trading above its 3-year average PE ratio of 6.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the HR Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.1x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADR Adcorp Holdings | R5.00 | 4.2% +R22.0m | 25.0% | PE6.7x | |
| TCP Transaction Capital | R2.67 | 0.4% +R7.8m | -61.7% | PS0.1x | |
| PMV Primeserv Group | R2.40 | 3.9% +R6.7m | 72.7% | PE6.7x |