Marshall Monteagle PLC's (JSE:MMP) Share Price Not Quite Adding Up
Oct 28
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South African (JSE) Trade Distributors Industry Analysis
UpdatedNov 15, 2025
DataAggregated Company Financials
Companies6
- 7D1.6%
- 3M1.8%
- 1Y19.6%
- YTD4.8%
The Trade Distributors industry is up 1.6% in the last week, with Barloworld up 1.9%. During this same period, the enX Group underperformed, falling 10%. This means that the industry has gained 20% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the South African Trade Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 17 Nov 2025 | R33.2b | R63.9b | R2.9b | 11.5x | 11.5x | 0.5x |
| Wed, 15 Oct 2025 | R33.3b | R67.5b | R3.0b | 10.1x | 11x | 0.5x |
| Fri, 12 Sep 2025 | R32.6b | R67.5b | R3.0b | 9.3x | 10.8x | 0.5x |
| Sun, 10 Aug 2025 | R32.3b | R67.6b | R3.0b | 9.4x | 10.6x | 0.5x |
| Tue, 08 Jul 2025 | R32.4b | R67.6b | R3.1b | 10x | 10.6x | 0.5x |
| Thu, 05 Jun 2025 | R31.2b | R67.8b | R2.8b | 10.1x | 11.2x | 0.5x |
| Sat, 03 May 2025 | R31.0b | R69.4b | R3.1b | 9.8x | 10.1x | 0.4x |
| Mon, 31 Mar 2025 | R30.6b | R69.4b | R3.1b | 9.7x | 9.9x | 0.4x |
| Wed, 26 Feb 2025 | R31.3b | R69.4b | R3.1b | 9.9x | 10.1x | 0.5x |
| Fri, 24 Jan 2025 | R31.9b | R69.6b | R3.1b | 10.4x | 10.1x | 0.5x |
| Sun, 22 Dec 2024 | R32.2b | R69.6b | R3.1b | 9.7x | 10.2x | 0.5x |
| Tue, 19 Nov 2024 | R28.1b | R71.2b | R3.1b | 9.1x | 9.1x | 0.4x |
| Thu, 17 Oct 2024 | R26.8b | R71.7b | R3.2b | 7.6x | 8.3x | 0.4x |
| Sat, 14 Sep 2024 | R25.9b | R71.7b | R3.2b | 7.5x | 8x | 0.4x |
| Mon, 12 Aug 2024 | R28.1b | R71.7b | R3.2b | 7.7x | 8.7x | 0.4x |
| Wed, 10 Jul 2024 | R27.1b | R71.7b | R3.2b | 7.7x | 8.4x | 0.4x |
| Fri, 07 Jun 2024 | R27.6b | R72.5b | R3.3b | 7.6x | 8.3x | 0.4x |
| Sun, 05 May 2024 | R26.7b | R74.0b | R3.4b | 8.1x | 7.8x | 0.4x |
| Tue, 02 Apr 2024 | R21.6b | R74.0b | R3.4b | 6.6x | 6.3x | 0.3x |
| Thu, 29 Feb 2024 | R22.7b | R74.1b | R3.4b | 6.9x | 6.6x | 0.3x |
| Sat, 27 Jan 2024 | R26.8b | R81.6b | R3.4b | 7.8x | 7.9x | 0.3x |
| Mon, 25 Dec 2023 | R26.8b | R81.6b | R3.4b | 7.4x | 7.9x | 0.3x |
| Wed, 22 Nov 2023 | R26.3b | R81.4b | R3.3b | 7.3x | 7.9x | 0.3x |
| Fri, 20 Oct 2023 | R27.7b | R80.1b | R3.9b | 6.5x | 7.1x | 0.3x |
| Sun, 17 Sep 2023 | R27.7b | R80.2b | R3.9b | 6.4x | 7x | 0.3x |
| Tue, 15 Aug 2023 | R27.9b | R80.2b | R3.9b | 6.6x | 7.1x | 0.3x |
| Thu, 13 Jul 2023 | R28.1b | R80.1b | R3.9b | 6.5x | 7.2x | 0.4x |
| Sat, 10 Jun 2023 | R28.9b | R79.5b | R4.0b | 6.9x | 7.2x | 0.4x |
| Mon, 08 May 2023 | R30.0b | R76.9b | R2.7b | 9x | 10.9x | 0.4x |
| Wed, 05 Apr 2023 | R31.1b | R76.9b | R2.7b | 9.1x | 11.4x | 0.4x |
| Fri, 03 Mar 2023 | R30.7b | R76.9b | R2.8b | 9.2x | 11.1x | 0.4x |
| Sun, 29 Jan 2023 | R29.7b | R76.3b | R2.7b | 9.2x | 11x | 0.4x |
| Tue, 27 Dec 2022 | R29.0b | R76.2b | R2.7b | 9.1x | 10.8x | 0.4x |
| Thu, 24 Nov 2022 | R33.0b | R80.7b | R3.7b | 8.6x | 8.9x | 0.4x |
Price to Earnings Ratio
8.9x
Current Industry PE
- Investors are optimistic on the South African Trade Distributors industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.5x which is higher than its 3-year average PE of 9.1x.
- The industry is trading close to its 3-year average PS ratio of 0.39x.
Past Earnings Growth
- The earnings for companies in the Trade Distributors industry have declined 8.0% per year over the last three years,
- Revenues have also declined 7.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the South African Industrials industry?
| ZA Market | 1.28% | |
| Industrials | 1.75% | |
| Trade Distributors | 1.58% | |
| Trade Companies and Distributors | 1.58% | |
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 | |
|---|---|---|---|---|---|
| BAW Barloworld | R120.29 | 1.9% +R425.1m | 35.9% | PE13.2x | |
| HDC Hudaco Industries | R189.62 | 3.1% +R159.5m | -7.3% | PE9.8x | |
| ISB Insimbi Industrial Holdings | R0.77 | 13.2% +R29.5m | 10.0% | PS0.05x | |
| MMP Marshall Monteagle | R23.80 | 0.4% +R3.6m | -15.5% | PE81x |