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Has the South African Metals and Mining Industry valuation changed over the past few years?
|Wed, 01 Dec 2021||R1.4t||R918.5b||R270.1b||5.4x|
|Fri, 29 Oct 2021||R1.4t||R931.8b||R271.8b||5.5x|
|Sun, 26 Sep 2021||R1.3t||R919.9b||R264.1b||5.1x|
|Tue, 24 Aug 2021||R1.4t||R890.5b||R258.5b||5.4x|
|Wed, 30 Jun 2021||R1.4t||R890.5b||R258.5b||5.4x|
|Sat, 03 Apr 2021||R1.6t||R800.2b||R210.1b||8.4x|
|Tue, 05 Jan 2021||R1.4t||R701.3b||R158.0b||9.5x|
|Fri, 09 Oct 2020||R1.2t||R643.6b||R115.0b||8.7x|
|Thu, 02 Jul 2020||R1.2t||R586.5b||R69.5b||10.2x|
|Sun, 05 Apr 2020||R700.3b||R562.6b||R56.5b||10.9x|
|Wed, 08 Jan 2020||R1.0t||R509.8b||R42.7b||25.8x|
|Tue, 01 Oct 2019||R776.6b||R478.8b||R42.2b||21.2x|
|Fri, 05 Jul 2019||R741.5b||R445.9b||R35.4b||18.3x|
|Mon, 08 Apr 2019||R629.4b||R432.2b||R19.3b||12.3x|
|Thu, 10 Jan 2019||R476.0b||R417.0b||R3.5b||9.4x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 5.4x which is lower than its 3-year average PE of 12.9x. Given that earnings are expected to decline by 10%, the lower than average PE seems justified.
Past Earnings Growth: The earnings for companies in the Metals and Mining industry have grown 1,151% per year over the last three years, and revenues for these companies have grown 30% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the South African Metals and Mining industry?
|Precious Metals and Minerals||2.26%|
|Diversified Metals and Mining||-2.62%|
Industry PE: Investors are most optimistic about the Aluminum industry which is trading above its 3-year average PE ratio of 10.0x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Steel industry, which is trading below its 3-year average of 7.1x.
Forecasted Growth: Analysts are most optimistic on the Gold industry, expecting annual earnings growth of 2.3% over the next 5 years. Meanwhile, the Steel industry is expected to see its earnings decline by 23% per year over the next few years.
Which companies have driven the market over the last 7 days?
Master Drilling Group
Impala Platinum Holdings
Royal Bafokeng Platinum
Harmony Gold Mining
Anglo American Platinum
Kumba Iron Ore