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South African (JSE) Metals and Mining Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies18
- 7D3.7%
- 3M-2.2%
- 1Y-2.0%
- YTD-12.9%
In the last week, the Metals and Mining industry is up 3.7%, with Gold Fields up 9.6%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 37% annually.
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, 21 Nov 2024 | R882.5b | R658.2b | -R13,414,019,853.51 | 10.2x | -65.8x | 1.3x |
| Sat, 19 Oct 2024 | R948.0b | R655.4b | -R13,784,441,745.72 | 11.2x | -68.8x | 1.4x |
| Mon, 16 Sep 2024 | R814.7b | R656.6b | -R14,735,857,430.67 | 11.2x | -55.3x | 1.2x |
| Wed, 14 Aug 2024 | R879.5b | R672.6b | R8.6b | 6.2x | 102.4x | 1.3x |
| Fri, 12 Jul 2024 | R886.8b | R573.8b | R51.4b | 6.3x | 17.3x | 1.5x |
| Sun, 09 Jun 2024 | R909.4b | R692.3b | R14.3b | 6.6x | 63.6x | 1.3x |
| Tue, 07 May 2024 | R966.7b | R689.6b | R14.3b | 7x | 67.8x | 1.4x |
| Thu, 04 Apr 2024 | R958.0b | R690.6b | R14.4b | 6.3x | 66.5x | 1.4x |
| Sat, 02 Mar 2024 | R863.8b | R717.3b | R74.8b | 6x | 11.5x | 1.2x |
| Mon, 29 Jan 2024 | R1.0t | R731.9b | R93.1b | 7.6x | 10.8x | 1.4x |
| Wed, 27 Dec 2023 | R1.1t | R730.1b | R92.9b | 8x | 11.6x | 1.5x |
| Fri, 24 Nov 2023 | R949.7b | R732.7b | R93.7b | 7.2x | 10.1x | 1.3x |
| Sun, 22 Oct 2023 | R916.0b | R733.7b | R93.9b | 7.1x | 9.8x | 1.2x |
| Tue, 19 Sep 2023 | R1.0t | R820.8b | R96.2b | 6.5x | 10.9x | 1.3x |
| Thu, 17 Aug 2023 | R1.0t | R846.2b | R141.1b | 4.3x | 7.3x | 1.2x |
| Sat, 15 Jul 2023 | R1.2t | R861.9b | R166.8b | 4.4x | 7.4x | 1.4x |
| Mon, 12 Jun 2023 | R1.3t | R876.1b | R176.0b | 4.8x | 7.7x | 1.5x |
| Wed, 10 May 2023 | R1.4t | R886.9b | R182.4b | 5x | 7.9x | 1.6x |
| Fri, 07 Apr 2023 | R1.3t | R863.6b | R169.5b | 4.7x | 7.6x | 1.5x |
| Sun, 05 Mar 2023 | R1.2t | R851.6b | R167.9b | 4.8x | 7x | 1.4x |
| Tue, 31 Jan 2023 | R1.4t | R893.2b | R197.7b | 5.4x | 7x | 1.6x |
| Thu, 29 Dec 2022 | R1.4t | R890.4b | R197.0b | 5.8x | 7.2x | 1.6x |
| Sat, 26 Nov 2022 | R1.4t | R889.1b | R196.6b | 5.3x | 7.2x | 1.6x |
| Mon, 24 Oct 2022 | R1.2t | R899.6b | R198.4b | 4.6x | 6.1x | 1.3x |
| Wed, 21 Sep 2022 | R1.1t | R893.2b | R197.5b | 5.1x | 5.7x | 1.3x |
| Fri, 19 Aug 2022 | R1.2t | R906.2b | R213.4b | 5.2x | 5.6x | 1.3x |
| Sun, 17 Jul 2022 | R1.1t | R945.9b | R248.3b | 4.1x | 4.5x | 1.2x |
| Tue, 14 Jun 2022 | R1.3t | R936.9b | R246.7b | 5x | 5.2x | 1.4x |
| Thu, 12 May 2022 | R1.4t | R935.9b | R246.0b | 4.9x | 5.6x | 1.5x |
| Sat, 09 Apr 2022 | R1.7t | R914.5b | R239.8b | 6.4x | 7.1x | 1.9x |
| Mon, 07 Mar 2022 | R1.9t | R914.6b | R239.2b | 7.2x | 8.1x | 2.1x |
| Wed, 02 Feb 2022 | R1.5t | R911.3b | R268.8b | 6.1x | 5.6x | 1.7x |
| Fri, 31 Dec 2021 | R1.5t | R917.5b | R270.1b | 5.8x | 5.5x | 1.6x |
| Sun, 28 Nov 2021 | R1.3t | R920.7b | R270.5b | 4.7x | 4.9x | 1.4x |
Price to Earnings Ratio
4.9x
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 11% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the South African Materials industry?
| ZA Market | 1.70% | |
| Materials | 3.18% | |
| Metals and Mining | 3.72% | |
| Gold | 7.71% | |
| Steel | 2.46% | |
| Diversified Metals and Mining | 1.05% | |
| Precious Metals and Minerals | 0.89% | |
| Silver | 0% | |
| Aluminum | -2.60% | |
| Copper | -8.02% | |
Industry PE
- Investors are most optimistic about the Gold industry, which is trading close to its 3-year average PE ratio of 16.9x.
- Analysts are expecting annual earnings growth of 37.0%, which is lower than the prior year's growth of 42.4% 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 41% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 7.7% 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 | R272.92 | 9.6% +R21.4b | 5.4% | PE20.1x | |
| HAR Harmony Gold Mining | R176.37 | 3.7% +R3.9b | 62.8% | PE12.7x | |
| IMP Impala Platinum Holdings | R110.98 | 4.0% +R3.8b | 47.0% | PS1.2x | |
| KIO Kumba Iron Ore | R344.54 | 2.4% +R2.6b | -43.9% | PE5.5x | |
| SSW Sibanye Stillwater | R19.16 | 2.4% +R1.3b | -4.9% | PS0.5x |
