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South African (JSE) Basic Materials Industry Analysis

UpdatedMay 11, 2026
DataAggregated Company Financials
Companies4
  • 7D7.1%
  • 3M-4.0%
  • 1Y0.2%
  • YTD2.9%

In the last week, the Basic Materials industry is up 7.1%, with PPC up 9.4%. Overall in the last year, the industry is flat. In the next few years, earnings are forecast to decline by 30% annually.

Industry Valuation and Performance

Has the South African Basic Materials Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 11 May 2026R15.9bR21.3bR732.1m19.7x21.7x0.7x
Wed, 08 Apr 2026R15.0bR21.3bR732.1m17.6x20.5x0.7x
Fri, 06 Mar 2026R15.7bR21.3bR732.1m18.8x21.5x0.7x
Sun, 01 Feb 2026R16.5bR21.3bR732.1m18.2x22.5x0.8x
Tue, 30 Dec 2025R15.2bR21.3bR732.1m16.4x20.8x0.7x
Thu, 27 Nov 2025R14.4bR21.3bR754.5m15.4x19.1x0.7x
Sat, 25 Oct 2025R15.7bR19.8bR632.5m18.1x24.8x0.8x
Mon, 22 Sep 2025R14.0bR19.8bR632.5m16.4x22.1x0.7x
Wed, 20 Aug 2025R14.8bR19.8bR632.5m17.2x23.3x0.7x
Fri, 18 Jul 2025R15.3bR19.8bR632.5m16.9x24.2x0.8x
Sun, 15 Jun 2025R16.1bR19.7bR636.5m17.1x25.4x0.8x
Tue, 13 May 2025R15.9bR18.7bR935.7m10.7x17x0.8x
Thu, 10 Apr 2025R14.4bR18.7bR935.7m10.5x15.4x0.8x
Sat, 08 Mar 2025R16.4bR18.7bR935.7m12.2x17.6x0.9x
Mon, 03 Feb 2025R16.7bR18.7bR935.7m12.6x17.8x0.9x
Wed, 01 Jan 2025R19.2bR18.7bR935.7m14.3x20.5x1x
Fri, 29 Nov 2024R17.4bR18.7bR948.6m15.5x18.3x0.9x
Sun, 27 Oct 2024R16.6bR18.9bR812.6m13.4x20.4x0.9x
Tue, 24 Sep 2024R16.8bR17.7bR840.6m12.8x20x1x
Thu, 22 Aug 2024R16.4bR17.7bR840.6m12.4x19.6x0.9x
Sat, 20 Jul 2024R16.3bR17.7bR840.6m13.2x19.4x0.9x
Mon, 17 Jun 2024R15.4bR18.5bR962.5m13.4x16x0.8x
Wed, 15 May 2024R15.5bR17.5bR872.5m14.1x17.7x0.9x
Fri, 12 Apr 2024R15.0bR17.5bR872.5m13.9x17.2x0.9x
Sun, 10 Mar 2024R14.8bR17.5bR872.5m13x17x0.8x
Tue, 06 Feb 2024R16.0bR17.5bR872.5m14.5x18.4x0.9x
Thu, 04 Jan 2024R15.9bR17.5bR872.5m14.4x18.3x0.9x
Sat, 02 Dec 2023R14.2bR17.5bR872.5m12.2x16.3x0.8x
Mon, 30 Oct 2023R12.4bR16.4bR463.9m10.8x26.8x0.8x
Wed, 27 Sep 2023R12.9bR16.1bR439.0m10.7x29.3x0.8x
Fri, 25 Aug 2023R13.5bR16.1bR439.0m11.9x30.7x0.8x
Sun, 23 Jul 2023R13.3bR16.1bR439.0m11.5x30.4x0.8x
Tue, 20 Jun 2023R12.6bR16.0b-R165,985,455.008.3x-75.9x0.8x
Thu, 18 May 2023R12.2bR15.9b-R102,275,455.007.9x-119.6x0.8x
Price to Earnings Ratio

-119.6x


Total Market Cap: R12.2bTotal Earnings: -R102,275,455.00Total Revenue: R15.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Basic Materials Industry Price to Earnings3Y Average 17.5x202420252026
Current Industry PE
  • Investors are optimistic on the South African Basic Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.7x which is higher than its 3-year average PE of 17.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.83x.
Past Earnings Growth
  • Total earnings for the Basic Materials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 10% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the South African Materials industry?

ZA Market1.58%
Materials6.39%
Basic Materials7.09%
Construction Materials7.09%
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?

CompanyLast Price7D1YValuation
PPC PPCR6.8413.1%
+R1.2b		41.0%PE20.3x
AFT AfrimatR33.764.6%
+R228.2m		-36.6%PE31.4x
SEP Sephaku HoldingsR2.021.0%
+R4.6m		69.7%PE6x

Latest News

AFT
R33.76
Afrimat
7D
4.6%
1Y
-36.6%
PPC
R6.84
PPC
7D
13.1%
1Y
41.0%
Narrative Update • May 09

PPC: Regulatory Scrutiny And Mixed Revisions Will Shape Perceived Earnings Resilience

Analysts have adjusted their ZAR price targets for PPC, with recent revisions ranging from reductions of ZAR2 to ZAR5, alongside at least one upward move and a fresh Neutral initiation. These changes reflect updated views on discount rates, earnings quality and fair value assumptions.
SEP
R2.02
Sephaku Holdings
7D
1.0%
1Y
69.7%