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South African (JSE) Materials Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies31
- 7D-2.9%
- 3M-6.6%
- 1Y-23.7%
- YTD-22.1%
Over the last 7 days, the Materials industry has dropped 2.9%, driven by pullbacks in Impala Platinum Holdings and Kumba Iron Ore of 7.5% and 5.3%, respectively. Meanwhile, Omnia Holdings actually outperformed within the industry, gaining 6.2% in the last week. Overall the industry is down 24% in 12 months. Looking forward, earnings are forecast to grow by 34% annually.
Sector Valuation and Performance
Has the South African Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | R935.7b | R1.1t | -R52,406,405,731.78 | 9.5x | -17.9x | 0.8x |
| Mon, 18 Nov 2024 | R977.8b | R1.1t | -R56,088,377,195.93 | 9.5x | -17.4x | 0.9x |
| Wed, 16 Oct 2024 | R1.0t | R1.1t | -R58,613,135,597.39 | 9.4x | -17.3x | 0.9x |
| Fri, 13 Sep 2024 | R927.9b | R1.1t | -R45,156,213,893.91 | 10x | -20.5x | 0.8x |
| Sun, 11 Aug 2024 | R1.0t | R1.2t | R12.6b | 9.4x | 82.9x | 0.9x |
| Tue, 09 Jul 2024 | R1.1t | R1.1t | R54.4b | 9.1x | 19.4x | 1x |
| Thu, 06 Jun 2024 | R1.1t | R1.2t | R16.0b | 8.7x | 66.9x | 0.9x |
| Sat, 04 May 2024 | R1.1t | R1.2t | R16.6b | 8.3x | 65.9x | 0.9x |
| Mon, 01 Apr 2024 | R1.1t | R1.2t | R16.9b | 8.7x | 65.7x | 0.9x |
| Wed, 28 Feb 2024 | R1.0t | R1.2t | R85.4b | 9.3x | 12x | 0.8x |
| Fri, 26 Jan 2024 | R1.2t | R1.2t | R106.4b | 9.7x | 10.9x | 0.9x |
| Sun, 24 Dec 2023 | R1.3t | R1.2t | R106.1b | 9.5x | 11.9x | 1x |
| Tue, 21 Nov 2023 | R1.1t | R1.2t | R107.3b | 8.8x | 10.5x | 0.9x |
| Thu, 19 Oct 2023 | R1.2t | R1.3t | R109.3b | 9x | 10.7x | 0.9x |
| Sat, 16 Sep 2023 | R1.2t | R1.3t | R111.8b | 9x | 11.1x | 0.9x |
| Mon, 14 Aug 2023 | R1.3t | R1.4t | R186.1b | 5.3x | 7.2x | 1x |
| Wed, 12 Jul 2023 | R1.3t | R1.4t | R215.4b | 4.6x | 6.2x | 1x |
| Fri, 09 Jun 2023 | R1.6t | R1.4t | R223.8b | 5.2x | 7.1x | 1.1x |
| Sun, 07 May 2023 | R1.7t | R1.4t | R234.5b | 5.4x | 7.1x | 1.2x |
| Tue, 04 Apr 2023 | R1.5t | R1.4t | R221.0b | 5.6x | 6.7x | 1.1x |
| Thu, 02 Mar 2023 | R1.4t | R1.4t | R221.6b | 5.3x | 6.4x | 1x |
| Sat, 28 Jan 2023 | R1.7t | R1.4t | R248.5b | 5.8x | 6.7x | 1.2x |
| Mon, 26 Dec 2022 | R1.6t | R1.4t | R247.7b | 6.4x | 6.6x | 1.2x |
| Wed, 23 Nov 2022 | R1.6t | R1.4t | R249.3b | 6.1x | 6.6x | 1.2x |
| Fri, 21 Oct 2022 | R1.4t | R1.4t | R251.5b | 5.9x | 5.7x | 1x |
| Sun, 18 Sep 2022 | R1.4t | R1.4t | R250.3b | 5.6x | 5.6x | 1x |
| Tue, 16 Aug 2022 | R1.5t | R1.3t | R235.6b | 6.5x | 6.4x | 1.1x |
| Thu, 14 Jul 2022 | R1.5t | R1.4t | R268.0b | 5.6x | 5.6x | 1.1x |
| Sat, 11 Jun 2022 | R1.7t | R1.4t | R267.7b | 5.4x | 6.2x | 1.2x |
| Mon, 09 May 2022 | R1.7t | R1.3t | R263.6b | 6.2x | 6.6x | 1.3x |
| Wed, 06 Apr 2022 | R2.0t | R1.3t | R257.4b | 7.1x | 7.8x | 1.5x |
| Fri, 04 Mar 2022 | R2.2t | R1.3t | R269.4b | 8.7x | 8.3x | 1.7x |
| Sun, 30 Jan 2022 | R1.7t | R1.3t | R283.9b | 7.3x | 6.2x | 1.4x |
| Tue, 28 Dec 2021 | R1.7t | R1.3t | R283.4b | 8.1x | 5.9x | 1.3x |
Price to Earnings Ratio
5.9x
Current Industry PE
- Investors are pessimistic on the South African Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.82x.
Past Earnings Growth
- Total earnings for the Materials industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 3.9% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the South African Materials sector?
| ZA Market | -2.74% | |
| Materials | -2.90% | |
| Basic Materials | 1.01% | |
| Packaging | -1.96% | |
| Metals and Mining | -2.91% | |
| Paper and Forestry Products | -3.60% | |
| Chemicals | -3.64% | |
Industry PE
- Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 4.0x.
- Analysts are expecting annual earnings growth of 43.0%, which is higher than its past year's earnings decline of 87.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 58% over the next 5 years.
- This is better than its past earnings growth rate of 4.5% per year.
- In contrast, the Packaging industry is expected to see its earnings grow by 21% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| OMN Omnia Holdings | R76.46 | 6.2% +R701.4m | 18.5% | PE10.6x | |
| PPC PPC | R5.20 | 6.3% +R472.8m | 39.4% | PE74.1x | |
| THA Tharisa | R16.35 | 2.2% +R103.3m | 9.0% | PE3.2x | |
| YRK York Timber Holdings | R2.35 | 6.8% +R69.6m | 40.7% | PE8x | |
| ACL ArcelorMittal South Africa | R1.30 | 2.4% +R33.4m | -21.2% | PS0.04x |