Afrimat's (JSE:AFT) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Oct 30
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South African (JSE) Construction Materials Industry Analysis
UpdatedNov 04, 2025
DataAggregated Company Financials
Companies4
- 7D0.2%
- 3M10.3%
- 1Y-9.4%
- YTDn/a
Afrimat is up 2.9%, leading the way for the Construction Materials industry, which has gained 2.3%. In the past year, the industry is down 7.5%. As for the next few years, earnings are expected to grow by 30% per annum.
Industry Valuation and Performance
Has the South African Construction Materials Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Nov 2025 | R15.5b | R21.0b | R700.5m | 17.6x | 22.1x | 0.7x |
| Thu, 02 Oct 2025 | R14.5b | R19.8b | R632.5m | 17.7x | 22.9x | 0.7x |
| Sat, 30 Aug 2025 | R14.3b | R19.8b | R632.5m | 16.7x | 22.5x | 0.7x |
| Mon, 28 Jul 2025 | R15.1b | R19.8b | R632.5m | 16.6x | 23.9x | 0.8x |
| Wed, 25 Jun 2025 | R15.7b | R19.7b | R638.5m | 17.6x | 24.6x | 0.8x |
| Fri, 23 May 2025 | R15.0b | R19.7b | R277.5m | 64.9x | 54.1x | 0.8x |
| Sun, 20 Apr 2025 | R15.3b | R18.7b | R935.7m | 11.1x | 16.4x | 0.8x |
| Tue, 18 Mar 2025 | R16.1b | R18.7b | R935.7m | 12.5x | 17.2x | 0.9x |
| Thu, 13 Feb 2025 | R16.4b | R18.7b | R935.7m | 12.5x | 17.6x | 0.9x |
| Sat, 11 Jan 2025 | R17.8b | R18.7b | R935.7m | 13.2x | 19x | 1x |
| Mon, 09 Dec 2024 | R17.9b | R18.7b | R935.7m | 13.4x | 19.1x | 1x |
| Wed, 06 Nov 2024 | R16.9b | R18.9b | R812.6m | 13.4x | 20.8x | 0.9x |
| Fri, 04 Oct 2024 | R16.9b | R17.7b | R840.6m | 13.1x | 20.1x | 1x |
| Sun, 01 Sep 2024 | R17.0b | R17.7b | R840.6m | 12.8x | 20.2x | 1x |
| Tue, 30 Jul 2024 | R16.7b | R17.7b | R840.6m | 13.3x | 19.9x | 0.9x |
| Thu, 27 Jun 2024 | R16.3b | R17.6b | R792.5m | 13.6x | 20.5x | 0.9x |
| Sat, 25 May 2024 | R15.9b | R18.5b | R968.1m | 13.7x | 16.4x | 0.9x |
| Mon, 22 Apr 2024 | R15.0b | R17.5b | R872.5m | 13.9x | 17.2x | 0.9x |
| Wed, 20 Mar 2024 | R13.7b | R17.5b | R872.5m | 13x | 15.7x | 0.8x |
| Fri, 16 Feb 2024 | R15.4b | R17.5b | R872.5m | 14.6x | 17.7x | 0.9x |
| Sun, 14 Jan 2024 | R15.8b | R17.5b | R872.5m | 14.4x | 18.1x | 0.9x |
| Tue, 12 Dec 2023 | R14.6b | R17.5b | R872.5m | 13.1x | 16.7x | 0.8x |
| Thu, 09 Nov 2023 | R12.6b | R16.4b | R463.9m | 10.7x | 27.1x | 0.8x |
| Sat, 07 Oct 2023 | R13.3b | R16.1b | R439.0m | 11.1x | 30.3x | 0.8x |
| Mon, 04 Sep 2023 | R12.9b | R16.1b | R439.0m | 11.6x | 29.4x | 0.8x |
| Wed, 02 Aug 2023 | R13.4b | R16.1b | R439.0m | 11.5x | 30.5x | 0.8x |
| Fri, 30 Jun 2023 | R13.7b | R16.1b | R439.0m | 12.1x | 31.1x | 0.8x |
| Sun, 28 May 2023 | R11.6b | R15.9b | -R165,768,455.00 | 8.1x | -69.9x | 0.7x |
| Tue, 25 Apr 2023 | R12.3b | R15.9b | -R102,275,455.00 | 7.7x | -120.5x | 0.8x |
| Thu, 23 Mar 2023 | R12.0b | R15.9b | -R102,275,455.00 | 7.4x | -117x | 0.8x |
| Sat, 18 Feb 2023 | R13.6b | R15.9b | -R102,275,455.00 | 8.3x | -132.8x | 0.9x |
| Mon, 16 Jan 2023 | R12.7b | R15.9b | -R102,275,455.00 | 8.5x | -123.8x | 0.8x |
| Wed, 14 Dec 2022 | R11.6b | R15.9b | -R102,275,455.00 | 8x | -113.5x | 0.7x |
| Fri, 11 Nov 2022 | R11.3b | R15.8b | R702.2m | 10.2x | 16.1x | 0.7x |
Price to Earnings Ratio
16.1x
Current Industry PE
- Investors are pessimistic on the South African Construction Materials 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 22.6x which is higher than its 3-year average PE of -4.5x.
- The industry is trading close to its 3-year average PS ratio of 0.83x.
Past Earnings Growth
- The earnings for companies in the Construction Materials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 9.9% 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 and as a result, profits have held steady.
Industry Comparison
How does South African Construction Materials compare with similar industries?
| ZA Market | 0.28% | |
| Materials | 4.38% | |
| Basic Materials | 0.19% | |
| Construction Materials | 0.19% | |
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 | |
|---|---|---|---|---|---|
| No data available | |||||