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South African (JSE) Metals and Mining Industry Analysis
UpdatedJan 22, 2025
DataAggregated Company Financials
Companies18
- 7D3.0%
- 3M-6.4%
- 1Y-2.4%
- YTD10.2%
Over the last 7 days, the Metals and Mining industry has risen 3.0%, driven by gains from Gold Fields of 5.9%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 34% per annum.
Industry Valuation and Performance
Has the South African Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jan 2025 | R889.7b | R661.1b | -R12,935,983,325.20 | 9.7x | -68.8x | 1.3x |
| Fri, 20 Dec 2024 | R789.8b | R660.7b | -R12,995,931,757.87 | 9.4x | -60.8x | 1.2x |
| Sun, 17 Nov 2024 | R838.7b | R658.8b | -R13,334,312,539.93 | 10x | -62.9x | 1.3x |
| Tue, 15 Oct 2024 | R883.2b | R654.2b | -R15,039,665,671.32 | 11.8x | -58.7x | 1.4x |
| Thu, 12 Sep 2024 | R735.7b | R662.9b | R277.5m | 10.4x | 2650.8x | 1.1x |
| Sat, 10 Aug 2024 | R887.2b | R674.2b | R9.9b | 6.1x | 89.3x | 1.3x |
| Mon, 08 Jul 2024 | R898.6b | R574.8b | R51.5b | 6.6x | 17.4x | 1.6x |
| Wed, 05 Jun 2024 | R903.4b | R691.5b | R14.2b | 6.6x | 63.7x | 1.3x |
| Fri, 03 May 2024 | R929.8b | R690.0b | R14.3b | 6.5x | 64.9x | 1.3x |
| Sun, 31 Mar 2024 | R946.1b | R691.8b | R14.6b | 6.5x | 64.9x | 1.4x |
| Tue, 27 Feb 2024 | R858.9b | R724.7b | R83.3b | 7.6x | 10.3x | 1.2x |
| Thu, 25 Jan 2024 | R986.3b | R732.5b | R93.1b | 7.5x | 10.6x | 1.3x |
| Sat, 23 Dec 2023 | R1.1t | R729.7b | R92.8b | 8.1x | 11.6x | 1.5x |
| Mon, 20 Nov 2023 | R916.3b | R730.1b | R93.4b | 7.2x | 9.8x | 1.3x |
| Wed, 18 Oct 2023 | R957.1b | R732.5b | R93.7b | 7.7x | 10.2x | 1.3x |
| Fri, 15 Sep 2023 | R1.0t | R820.3b | R96.1b | 6.1x | 10.7x | 1.3x |
| Sun, 13 Aug 2023 | R1.1t | R845.0b | R140.7b | 4.4x | 7.9x | 1.3x |
| Tue, 11 Jul 2023 | R1.1t | R869.4b | R167.6b | 4.3x | 6.6x | 1.3x |
| Thu, 08 Jun 2023 | R1.4t | R879.8b | R176.6b | 5x | 7.9x | 1.6x |
| Sat, 06 May 2023 | R1.5t | R885.0b | R182.1b | 5x | 8x | 1.6x |
| Mon, 03 Apr 2023 | R1.2t | R859.4b | R169.0b | 4.5x | 7.4x | 1.4x |
| Wed, 01 Mar 2023 | R1.2t | R866.8b | R169.5b | 4.6x | 6.9x | 1.3x |
| Fri, 27 Jan 2023 | R1.4t | R892.0b | R197.5b | 5.4x | 7.1x | 1.6x |
| Sun, 25 Dec 2022 | R1.4t | R888.9b | R196.7b | 5.6x | 7.1x | 1.6x |
| Tue, 22 Nov 2022 | R1.4t | R891.0b | R196.9b | 5.4x | 7x | 1.5x |
| Thu, 20 Oct 2022 | R1.2t | R900.4b | R198.5b | 4.5x | 6x | 1.3x |
| Sat, 17 Sep 2022 | R1.1t | R892.7b | R197.4b | 5.1x | 5.8x | 1.3x |
| Mon, 15 Aug 2022 | R1.2t | R901.4b | R212.6b | 5.1x | 5.8x | 1.4x |
| Wed, 13 Jul 2022 | R1.2t | R945.0b | R248.1b | 4.3x | 4.9x | 1.3x |
| Fri, 10 Jun 2022 | R1.3t | R930.5b | R245.2b | 5.2x | 5.4x | 1.4x |
| Sun, 08 May 2022 | R1.4t | R934.5b | R245.8b | 5.1x | 5.7x | 1.5x |
| Tue, 05 Apr 2022 | R1.7t | R913.7b | R239.6b | 6.1x | 7.1x | 1.9x |
| Thu, 03 Mar 2022 | R1.9t | R906.5b | R251.9b | 7.5x | 7.7x | 2.1x |
| Sat, 29 Jan 2022 | R1.5t | R914.7b | R269.6b | 6.1x | 5.4x | 1.6x |
Price to Earnings Ratio
5.4x
Current Industry PE
- Investors are relatively neutral on the South African Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
- Total earnings for the Metals and Mining industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 10% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the South African Materials industry?
| ZA Market | 2.66% | |
| Materials | 2.62% | |
| Metals and Mining | 3.04% | |
| Gold | 7.05% | |
| Steel | 3.72% | |
| Diversified Metals and Mining | 1.93% | |
| Copper | 0.97% | |
| Aluminum | 0% | 0 |
| Silver | 0% | 0 |
| Precious Metals and Minerals | -1.18% | |
Industry PE
- Investors are most optimistic about the Gold industry, which is trading close to its 3-year average PE ratio of 17.3x.
- Analysts expect its future annual earnings growth (39.4%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 7.6% 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 | |
|---|---|---|---|---|---|
| GFI Gold Fields | R302.50 | 4.7% +R12.1b | 15.9% | PE21.9x | |
| HAR Harmony Gold Mining | R196.29 | 8.3% +R9.4b | 73.0% | PE14.2x | |
| NPH Northam Platinum Holdings | R115.71 | 4.5% +R1.9b | -15.2% | PE25.1x | |
| ARI African Rainbow Minerals | R157.26 | 1.5% +R464.6m | -14.4% | PE9.8x | |
| MRF Merafe Resources | R1.57 | 6.8% +R249.9m | 17.2% | PE2.8x |
