South African (JSE) Chemicals Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies4
- 7D-4.8%
- 3M-4.1%
- 1Y-27.8%
- YTD-13.6%
Over the last 7 days, the Chemicals industry has dropped 4.8%, driven by a pullback from Sasol of 5.7%. However, the industry is down 28% over the past year. Earnings are forecast to grow by 52% annually.
Industry Valuation and Performance
Has the South African Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | R119.5b | R339.3b | R6.2b | 8.6x | 19.4x | 0.4x |
| Thu, 21 Mar 2024 | R109.6b | R339.3b | R6.2b | 8.7x | 17.8x | 0.3x |
| Sat, 17 Feb 2024 | R117.4b | R353.8b | R10.9b | 10x | 10.7x | 0.3x |
| Mon, 15 Jan 2024 | R135.0b | R353.8b | R10.9b | 10.8x | 12.4x | 0.4x |
| Wed, 13 Dec 2023 | R129.9b | R353.8b | R10.9b | 10.5x | 11.9x | 0.4x |
| Fri, 10 Nov 2023 | R168.1b | R355.5b | R10.9b | 11x | 15.4x | 0.5x |
| Sun, 08 Oct 2023 | R172.1b | R355.5b | R10.9b | 10.7x | 15.7x | 0.5x |
| Tue, 05 Sep 2023 | R178.7b | R355.5b | R11.0b | 9.9x | 16.3x | 0.5x |
| Thu, 03 Aug 2023 | R174.7b | R373.3b | R40.7b | 8x | 4.3x | 0.5x |
| Sat, 01 Jul 2023 | R169.4b | R370.4b | R40.7b | 9.1x | 4.2x | 0.5x |
| Mon, 29 May 2023 | R170.6b | R367.6b | R40.7b | 8.4x | 4.2x | 0.5x |
| Wed, 26 Apr 2023 | R165.8b | R367.6b | R40.7b | 8.5x | 4.1x | 0.5x |
| Fri, 24 Mar 2023 | R170.8b | R367.6b | R40.7b | 8.7x | 4.2x | 0.5x |
| Sun, 19 Feb 2023 | R209.6b | R329.9b | R41.4b | 8.2x | 5.1x | 0.6x |
| Tue, 17 Jan 2023 | R205.6b | R329.9b | R41.4b | 7.6x | 5x | 0.6x |
| Thu, 15 Dec 2022 | R193.2b | R329.9b | R41.4b | 7.5x | 4.7x | 0.6x |
| Sat, 12 Nov 2022 | R216.9b | R327.6b | R41.3b | 7.9x | 5.2x | 0.7x |
| Mon, 10 Oct 2022 | R221.6b | R327.6b | R41.3b | 7.8x | 5.4x | 0.7x |
| Wed, 07 Sep 2022 | R230.2b | R327.6b | R41.3b | 7.5x | 5.6x | 0.7x |
| Fri, 05 Aug 2022 | R232.9b | R281.7b | R11.9b | 8.5x | 19.6x | 0.8x |
| Sun, 03 Jul 2022 | R241.9b | R278.0b | R11.9b | 9.6x | 20.4x | 0.9x |
| Tue, 31 May 2022 | R288.4b | R276.6b | R11.7b | 12.4x | 24.6x | 1x |
| Thu, 28 Apr 2022 | R254.9b | R276.6b | R11.7b | 11.6x | 21.8x | 0.9x |
| Sat, 26 Mar 2022 | R254.9b | R276.8b | R11.7b | 10.3x | 21.8x | 0.9x |
| Mon, 21 Feb 2022 | R231.3b | R247.4b | R10.5b | 12.2x | 22.1x | 0.9x |
| Wed, 19 Jan 2022 | R218.2b | R247.5b | R10.5b | 10.7x | 20.8x | 0.9x |
| Fri, 17 Dec 2021 | R180.1b | R245.1b | R10.2b | 15.7x | 17.6x | 0.7x |
| Sun, 14 Nov 2021 | R184.8b | R245.1b | R10.2b | 15.2x | 18.1x | 0.8x |
| Tue, 12 Oct 2021 | R206.6b | R245.1b | R10.2b | 16.1x | 20.2x | 0.8x |
| Thu, 09 Sep 2021 | R158.1b | R245.1b | R10.2b | 13.5x | 15.5x | 0.6x |
| Sat, 07 Aug 2021 | R159.9b | R245.1b | R10.2b | 13.8x | 15.6x | 0.7x |
| Fri, 30 Apr 2021 | R173.5b | R235.5b | -R35,105,905,000.00 | 10.2x | -4.9x | 0.7x |
Price to Earnings Ratio
-4.9x
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 19.4x which is higher than its 3-year average PE of 12.3x.
- The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
- Total earnings for the Chemicals industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 13% 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 Market | -2.11% | |
| Materials | -2.50% | |
| Chemicals | -4.75% | |
| Specialty Chemicals | 1.37% | |
| Commodity Chemicals | 1.02% | |
| Fertilizers and Agricultural Chemicals | 0% | |
| Industrial Gases | 0% | |
| Diversified Chemicals | -5.30% | |
Industry PE
- Investors are most optimistic about the Diversified Chemicals industry which is trading above its 3-year average PE ratio of 12.6x.
- Analysts are expecting annual earnings growth of 54.9%, which is higher than its past year's earnings decline of 45.6% per year.
- Investors are most pessimistic about the Specialty Chemicals industry, which is trading below its 3-year average of 15.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 55% over the next 5 years.
- This is better than its past earnings decline of 46% per year.
- In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| AFE AECI | R92.40 | 0.8% +R72.8m | 9.0% | PE8.3x | |
| BCF Bowler Metcalf | R11.00 | 1.9% +R13.8m | 25.7% | PE8.9x |