Narrative Update • Jun 18
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- 7D2.5%
- 3M-11.1%
- 1Y99.5%
- YTD66.3%
In the last week, Chemicals has been flat. As for the the longer term, the industry is up 97% over the past 12 months. Looking forward, earnings are forecast to grow by 40% 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Jun 2026 | R150.2b | R306.7b | R4.2b | 25x | 35.5x | 0.5x |
| Fri, 22 May 2026 | R173.1b | R305.7b | R4.0b | 25x | 42.9x | 0.6x |
| Sun, 19 Apr 2026 | R151.5b | R305.7b | R4.1b | 22x | 37.3x | 0.5x |
| Tue, 17 Mar 2026 | R149.5b | R305.7b | R4.1b | 21.1x | 36.8x | 0.5x |
| Thu, 12 Feb 2026 | R100.6b | R306.4b | R8.5b | 11.5x | 11.9x | 0.3x |
| Sat, 10 Jan 2026 | R95.1b | R306.4b | R8.4b | 10.8x | 11.3x | 0.3x |
| Mon, 08 Dec 2025 | R87.8b | R306.4b | R8.4b | 10.1x | 10.4x | 0.3x |
| Wed, 05 Nov 2025 | R91.2b | R306.1b | R8.4b | 10.5x | 10.9x | 0.3x |
| Fri, 03 Oct 2025 | R91.0b | R306.1b | R8.4b | 10.3x | 10.8x | 0.3x |
| Sun, 31 Aug 2025 | R100.4b | R306.0b | R8.4b | 10.9x | 12x | 0.3x |
| Tue, 29 Jul 2025 | R84.4b | R318.2b | -R47,763,875,000.00 | 11.2x | -1.8x | 0.3x |
| Thu, 26 Jun 2025 | R74.7b | R318.2b | -R47,763,875,000.00 | 11.4x | -1.6x | 0.2x |
| Sat, 24 May 2025 | R73.7b | R318.1b | -R47,723,875,000.00 | 9.9x | -1.5x | 0.2x |
| Mon, 21 Apr 2025 | R63.7b | R318.1b | -R47,723,875,000.00 | 9.5x | -1.3x | 0.2x |
| Wed, 19 Mar 2025 | R71.1b | R318.1b | -R47,723,875,000.00 | 9x | -1.5x | 0.2x |
| Fri, 14 Feb 2025 | R72.3b | R335.4b | -R42,229,875,000.00 | 9.1x | -1.7x | 0.2x |
| Sun, 12 Jan 2025 | R81.3b | R335.4b | -R42,238,675,000.00 | 9.6x | -1.9x | 0.2x |
| Tue, 10 Dec 2024 | R81.9b | R335.4b | -R42,238,675,000.00 | 10.5x | -1.9x | 0.2x |
| Thu, 07 Nov 2024 | R87.9b | R334.9b | -R42,240,675,000.00 | 9.3x | -2.1x | 0.3x |
| Sat, 05 Oct 2024 | R102.4b | R334.9b | -R42,240,675,000.00 | 9.1x | -2.4x | 0.3x |
| Mon, 02 Sep 2024 | R109.5b | R334.8b | -R42,262,702,000.00 | 9.7x | -2.6x | 0.3x |
| Wed, 31 Jul 2024 | R113.7b | R336.7b | R6.2b | 9.7x | 18.3x | 0.3x |
| Fri, 28 Jun 2024 | R108.1b | R336.7b | R6.2b | 9.3x | 17.4x | 0.3x |
| Sun, 26 May 2024 | R103.6b | R339.3b | R6.2b | 8.7x | 16.8x | 0.3x |
| 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 |
Price to Earnings Ratio
4.2x
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 35.6x which is higher than its 3-year average PE of 11.0x.
- 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 53% per year over the last three years,
- Revenues have also declined 6.1% 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 Market | -2.87% | |
| Materials | -11.27% | |
| Chemicals | 2.51% | |
| Diversified Chemicals | 2.77% | |
| Specialty Chemicals | 0% | 0 |
| Commodity Chemicals | -0.071% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 20.0x.
- Analysts are expecting annual earnings growth of 43.8%, which is higher than its past year's earnings growth of 24.5% per year.
- Investors are most pessimistic about the Commodity Chemicals industry, which is trading below its 3-year average of 8.4x.
Forecasted Growth
- Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings growth rate of 25% per year.
- In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 39% 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 | |
|---|---|---|---|---|---|
| SOL Sasol | R185.72 | 3.2% +R3.8b | 134.0% | PE49.7x |