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South African (JSE) Chemicals Industry Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies4
  • 7D2.6%
  • 3M85.3%
  • 1Y137.9%
  • YTD85.7%

The Chemicals industry is up 2.6% in the last week, with Sasol up 2.5%. Meanwhile, Bowler Metcalf actually underperformed within the industry, shrinking 6.6% in the last week. This means that the industry has gained 138% over the past year. Looking forward, earnings are forecast to grow by 50% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026R167.8bR305.7bR4.1b22.6x41.3x0.5x
Tue, 24 Feb 2026R116.2bR306.4bR8.5b12.7x13.7x0.4x
Thu, 22 Jan 2026R88.7bR306.4bR8.4b10.6x10.5x0.3x
Sat, 20 Dec 2025R88.7bR306.4bR8.4b10.2x10.5x0.3x
Mon, 17 Nov 2025R99.4bR306.4bR8.4b10.9x11.8x0.3x
Wed, 15 Oct 2025R89.4bR306.1bR8.4b10.3x10.6x0.3x
Fri, 12 Sep 2025R104.1bR306.1bR8.4b11.2x12.4x0.3x
Sun, 10 Aug 2025R79.8bR317.9b-R47,629,875,000.0011.3x-1.7x0.3x
Tue, 08 Jul 2025R80.3bR318.2b-R47,763,875,000.0011.6x-1.7x0.3x
Thu, 05 Jun 2025R76.3bR318.1b-R47,723,875,000.0010x-1.6x0.2x
Sat, 03 May 2025R63.8bR318.1b-R47,723,875,000.009.7x-1.3x0.2x
Mon, 31 Mar 2025R70.1bR318.1b-R47,723,875,000.009.3x-1.5x0.2x
Wed, 26 Feb 2025R75.4bR321.2b-R47,213,875,000.009.2x-1.6x0.2x
Fri, 24 Jan 2025R75.8bR335.4b-R42,238,675,000.009.5x-1.8x0.2x
Sun, 22 Dec 2024R75.5bR335.4b-R42,238,675,000.0010.6x-1.8x0.2x
Tue, 19 Nov 2024R83.1bR335.4b-R42,238,675,000.009.7x-2x0.2x
Thu, 17 Oct 2024R94.0bR334.9b-R42,240,675,000.009x-2.2x0.3x
Sat, 14 Sep 2024R100.3bR334.9b-R42,240,675,000.008.8x-2.4x0.3x
Mon, 12 Aug 2024R105.4bR335.9bR5.8b14.4x18.1x0.3x
Wed, 10 Jul 2024R113.9bR336.7bR6.2b9.7x18.4x0.3x
Fri, 07 Jun 2024R95.6bR339.3bR6.2b8.6x15.5x0.3x
Sun, 05 May 2024R101.6bR339.3bR6.2b8.6x16.5x0.3x
Tue, 02 Apr 2024R113.1bR339.3bR6.2b8.7x18.4x0.3x
Thu, 29 Feb 2024R111.9bR340.3bR5.9b9.8x18.9x0.3x
Sat, 27 Jan 2024R124.8bR353.8bR10.9b10.5x11.4x0.4x
Mon, 25 Dec 2023R138.9bR353.8bR10.9b10.8x12.7x0.4x
Wed, 22 Nov 2023R161.8bR353.8bR10.9b10.7x14.8x0.5x
Fri, 20 Oct 2023R184.2bR355.5bR10.9b11.1x16.8x0.5x
Sun, 17 Sep 2023R178.8bR355.5bR10.9b10.6x16.3x0.5x
Tue, 15 Aug 2023R183.3bR373.3bR40.7b7.6x4.5x0.5x
Thu, 13 Jul 2023R173.7bR370.4bR40.7b8.7x4.3x0.5x
Sat, 10 Jun 2023R185.3bR367.6bR40.7b8.6x4.6x0.5x
Mon, 08 May 2023R167.7bR367.6bR40.7b8.4x4.1x0.5x
Wed, 05 Apr 2023R183.0bR367.6bR40.7b9.1x4.5x0.5x
Price to Earnings Ratio

4.5x


Total Market Cap: R183.0bTotal Earnings: R40.7bTotal Revenue: R367.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Chemicals Industry Price to Earnings3Y Average 8.1x202420252026
Current Industry PE
  • Investors are optimistic on the South African Chemicals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 41.3x which is higher than its 3-year average PE of 8.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.34x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 54% per year over the last three years,
  • Revenues have also declined 6.0% 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 Materials industry?

ZA Market0.99%
Materials3.20%
Chemicals2.64%
Specialty Chemicals3.00%
Diversified Chemicals2.67%
Commodity Chemicals-6.60%
Industry PE
  • Investors are most optimistic about the Diversified Chemicals industry which is trading above its 3-year average PE ratio of 8.5x.
    • Analysts are expecting annual earnings growth of 50.8%, which is higher than its past year's earnings growth of 0.8% per year.
  • Investors are most pessimistic about the Commodity Chemicals industry, which is trading below its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings growth rate of 0.8% per year.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 44% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SOL SasolR217.772.5%
+R3.4b		187.4%PE58.3x
OMN Omnia HoldingsR94.164.5%
+R631.6m		40.3%PE12.8x
AFE AECIR115.893.0%
+R355.6m		17.8%PE32.4x

Latest News

AFE
R115.89
AECI
7D
3.0%
1Y
17.8%
SOL
R217.77
Sasol
7D
2.5%
1Y
187.4%

SOL: EPS Collapse Guidance Will Undermine Confidence In Future Earnings Sustainability

Analysts have revised their fair value estimate for Sasol from ZAR122.44 to ZAR149.78, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E as the key drivers of the new price target. What's in the News Sasol issued revenue guidance for the six months ended 31 December 2025, including an EPS range of ZAR0.10 to ZAR0.80 per share, compared with prior period EPS of ZAR7.22.
OMN
R94.16
Omnia Holdings
7D
4.5%
1Y
40.3%
BCF
R13.30
Bowler Metcalf
7D
-6.6%
1Y
-4.3%