Investors Met With Slowing Returns on Capital At Insimbi Industrial Holdings (JSE:ISB)
Mar 24
South African (JSE) Trade Distributors Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies6
- 7D3.9%
- 3M6.0%
- 1Y-2.8%
- YTD3.5%
Over the last 7 days, the Trade Distributors industry has risen 3.9%, driven by gains from Barloworld of 6.3%. In the same time, Marshall Monteagle was down 5.3%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 8.5% 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | R26.1b | R74.1b | R3.4b | 7.8x | 7.6x | 0.4x |
| Fri, 22 Mar 2024 | R21.6b | R74.0b | R3.4b | 6.6x | 6.3x | 0.3x |
| Sun, 18 Feb 2024 | R23.8b | R74.0b | R3.4b | 7.3x | 7x | 0.3x |
| Tue, 16 Jan 2024 | R27.1b | R81.6b | R3.4b | 7.8x | 8x | 0.3x |
| Thu, 14 Dec 2023 | R26.1b | R81.6b | R3.4b | 7.6x | 7.7x | 0.3x |
| Sat, 11 Nov 2023 | R26.2b | R80.0b | R3.9b | 5.8x | 6.7x | 0.3x |
| Mon, 09 Oct 2023 | R28.3b | R80.2b | R3.9b | 6.6x | 7.2x | 0.4x |
| Wed, 06 Sep 2023 | R27.8b | R80.2b | R3.9b | 6.6x | 7.1x | 0.3x |
| Fri, 04 Aug 2023 | R28.1b | R80.1b | R3.9b | 6.5x | 7.2x | 0.4x |
| Sun, 02 Jul 2023 | R28.7b | R80.2b | R4.0b | 6.7x | 7.2x | 0.4x |
| Tue, 30 May 2023 | R27.5b | R80.0b | R4.0b | 6.4x | 6.9x | 0.3x |
| Thu, 27 Apr 2023 | R30.3b | R76.9b | R2.7b | 9x | 11.1x | 0.4x |
| Sat, 25 Mar 2023 | R29.6b | R76.9b | R2.7b | 9.1x | 10.8x | 0.4x |
| Mon, 20 Feb 2023 | R30.3b | R76.9b | R2.8b | 9.3x | 11x | 0.4x |
| Wed, 18 Jan 2023 | R29.3b | R76.2b | R2.7b | 9.1x | 10.9x | 0.4x |
| Fri, 16 Dec 2022 | R28.8b | R76.3b | R2.7b | 9x | 10.7x | 0.4x |
| Sun, 13 Nov 2022 | R33.8b | R80.7b | R3.7b | 8.7x | 9.1x | 0.4x |
| Tue, 11 Oct 2022 | R30.4b | R79.9b | R3.6b | 7.9x | 8.4x | 0.4x |
| Thu, 08 Sep 2022 | R29.3b | R79.8b | R3.6b | 7.7x | 8.1x | 0.4x |
| Sat, 06 Aug 2022 | R31.0b | R79.8b | R3.6b | 8.3x | 8.6x | 0.4x |
| Mon, 04 Jul 2022 | R30.9b | R78.9b | R3.7b | 8.3x | 8.5x | 0.4x |
| Wed, 01 Jun 2022 | R33.8b | R77.8b | R3.5b | 9.4x | 9.6x | 0.4x |
| Fri, 29 Apr 2022 | R37.1b | R75.7b | R4.2b | 9.1x | 8.8x | 0.5x |
| Sun, 27 Mar 2022 | R34.9b | R75.5b | R4.1b | 8.6x | 8.5x | 0.5x |
| Tue, 22 Feb 2022 | R42.7b | R75.5b | R4.1b | 9.5x | 10.4x | 0.6x |
| Thu, 20 Jan 2022 | R40.8b | R75.2b | R4.1b | 8.9x | 9.9x | 0.5x |
| Sat, 18 Dec 2021 | R42.5b | R74.6b | R4.0b | 9.1x | 10.6x | 0.6x |
| Mon, 15 Nov 2021 | R39.4b | R84.4b | R942.1m | 8.3x | 41.8x | 0.5x |
| Wed, 13 Oct 2021 | R39.8b | R86.9b | -R58,989,659.00 | 8.3x | -674.5x | 0.5x |
| Fri, 10 Sep 2021 | R31.9b | R86.1b | -R101,778,920.00 | 7.9x | -313.9x | 0.4x |
| Sun, 08 Aug 2021 | R33.5b | R86.1b | -R27,778,920.00 | 8.5x | -1204.6x | 0.4x |
| Sat, 01 May 2021 | R29.9b | R85.5b | -R293,478,420.00 | 9.6x | -101.9x | 0.3x |
Price to Earnings Ratio
-101.9x
Current Industry PE
- Investors are pessimistic on the South African Trade Distributors 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 7.6x which is higher than its 3-year average PE of -85.6x.
- The industry is trading close to its 3-year average PS ratio of 0.40x.
Past Earnings Growth
- Total earnings for the Trade Distributors industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 4.7% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the South African Industrials industry?
| ZA Market | 0.30% | |
| Industrials | 0.47% | |
| Trade Distributors | 3.90% | |
| Trade Companies and Distributors | 3.90% | |
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 | R85.09 | 6.3% +R957.7m | -6.3% | PE8.2x | |
| ENX enX Group | R9.00 | 7.1% +R108.8m | 32.4% | PE10x | |
| HDC Hudaco Industries | R161.10 | 0.2% +R11.1m | 3.4% | PE7.5x |