Subdued Growth No Barrier To Northam Platinum Holdings Limited (JSE:NPH) With Shares Advancing 29%
Apr 05
South African (JSE) Metals and Mining Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies17
- 7D-7.1%
- 3M2.3%
- 1Y-14.9%
- YTD-4.1%
Over the last 7 days, the Metals and Mining industry has dropped 7.1%, driven by a pullback from Anglo American Platinum of 15%. In contrast, Copper 360 has gained 7.6%. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | R973.2b | R693.7b | R14.9b | 6.5x | 65.5x | 1.4x |
| Sat, 23 Mar 2024 | R937.2b | R693.2b | R14.3b | 6.6x | 65.3x | 1.4x |
| Mon, 19 Feb 2024 | R881.8b | R720.4b | R89.2b | 6.3x | 9.9x | 1.2x |
| Wed, 17 Jan 2024 | R950.3b | R732.9b | R93.2b | 7.5x | 10.2x | 1.3x |
| Fri, 15 Dec 2023 | R1.0t | R729.8b | R93.3b | 7.7x | 11x | 1.4x |
| Sun, 12 Nov 2023 | R854.2b | R732.2b | R93.7b | 6.7x | 9.1x | 1.2x |
| Tue, 10 Oct 2023 | R854.1b | R735.5b | R94.1b | 7.3x | 9.1x | 1.2x |
| Thu, 07 Sep 2023 | R983.7b | R822.8b | R96.4b | 5.5x | 10.2x | 1.2x |
| Sat, 05 Aug 2023 | R1.1t | R838.2b | R142.9b | 4.6x | 7.8x | 1.3x |
| Mon, 03 Jul 2023 | R1.2t | R869.2b | R167.6b | 4.3x | 6.9x | 1.3x |
| Wed, 31 May 2023 | R1.3t | R898.1b | R183.0b | 4.5x | 7.3x | 1.5x |
| Fri, 28 Apr 2023 | R1.4t | R883.8b | R182.0b | 5x | 7.6x | 1.6x |
| Sun, 26 Mar 2023 | R1.2t | R862.5b | R169.5b | 4.5x | 7.3x | 1.4x |
| Tue, 21 Feb 2023 | R1.3t | R897.9b | R194.1b | 5x | 6.5x | 1.4x |
| Thu, 19 Jan 2023 | R1.5t | R890.0b | R197.1b | 5.9x | 7.4x | 1.6x |
| Sat, 17 Dec 2022 | R1.4t | R894.3b | R197.6b | 5.5x | 6.8x | 1.5x |
| Mon, 14 Nov 2022 | R1.4t | R890.9b | R196.9b | 5.4x | 7.3x | 1.6x |
| Wed, 12 Oct 2022 | R1.2t | R898.7b | R198.2b | 4.7x | 6.2x | 1.4x |
| Fri, 09 Sep 2022 | R1.1t | R888.6b | R197.0b | 5.1x | 5.7x | 1.3x |
| Sun, 07 Aug 2022 | R1.2t | R906.3b | R213.4b | 5x | 5.7x | 1.3x |
| Tue, 05 Jul 2022 | R1.3t | R939.2b | R247.1b | 4.6x | 5.2x | 1.4x |
| Thu, 02 Jun 2022 | R1.4t | R932.3b | R245.5b | 5.4x | 5.8x | 1.5x |
| Sat, 30 Apr 2022 | R1.5t | R933.4b | R245.6b | 5.3x | 6.3x | 1.7x |
| Mon, 28 Mar 2022 | R1.7t | R906.7b | R236.7b | 6.7x | 7.3x | 1.9x |
| Wed, 23 Feb 2022 | R1.7t | R910.3b | R265.9b | 6.3x | 6.4x | 1.9x |
| Fri, 21 Jan 2022 | R1.6t | R909.9b | R268.5b | 6.1x | 5.8x | 1.7x |
| Sun, 19 Dec 2021 | R1.4t | R916.7b | R270.0b | 5.6x | 5.4x | 1.6x |
| Tue, 16 Nov 2021 | R1.5t | R933.1b | R271.6b | 5.3x | 5.3x | 1.6x |
| Thu, 14 Oct 2021 | R1.4t | R929.3b | R271.3b | 5x | 5.3x | 1.5x |
| Sat, 11 Sep 2021 | R1.2t | R890.5b | R258.5b | 5x | 4.8x | 1.4x |
| Mon, 09 Aug 2021 | R1.6t | R890.5b | R258.5b | 6.1x | 6x | 1.7x |
| Sun, 02 May 2021 | R1.6t | R800.2b | R210.1b | 8.4x | 7.7x | 2x |
Price to Earnings Ratio
7.7x
Current Industry PE
- Investors are optimistic on the South African Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 65.5x which is higher than its 3-year average PE of 9.8x.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 59% per year over the last three years,
- Revenues have also declined 4.6% 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 | 1.09% | |
| Materials | -7.38% | |
| Metals and Mining | -7.14% | |
| Copper | 7.64% | |
| Aluminum | 3.57% | |
| Silver | 0% | |
| Steel | -2.55% | |
| Gold | -3.56% | |
| Diversified Metals and Mining | -6.36% | |
| Precious Metals and Minerals | -12.29% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 15.3x.
- Analysts are expecting annual earnings growth of 27.8%, which is higher than its past year's earnings growth of 3.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 53% over the next 5 years.
- This is better than its past earnings decline of 60% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 11% 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 | |
|---|---|---|---|---|---|
| CPR Copper 360 | R3.10 | 7.6% +R138.5m | -69.0% | PS37x | |
| WEZ Wesizwe Platinum | R0.48 | 6.7% +R48.8m | -55.6% | PB0.2x | |
| MDI Master Drilling Group | R11.90 | 2.1% +R36.4m | -15.7% | PE4.6x | |
| HLM Hulamin | R2.90 | 3.6% +R31.3m | -12.1% | PE3.3x |