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South African (JSE) Metals and Mining Industry Analysis

UpdatedFeb 26, 2024
DataAggregated Company Financials
Companies17
  • 7D-1.8%
  • 3M-7.6%
  • 1Y-14.9%
  • YTD-14.6%

Over the last 7 days, the Metals and Mining industry has dropped 1.8%, driven by a pullback from Gold Fields of 7.2%. Overall the industry is down 15% in 12 months. Earnings are forecast to grow by 6.9% annually.

Industry Valuation and Performance

Has the South African Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Feb 2024R865.9bR724.6bR83.3b7.5x10.4x1.2x
Wed, 24 Jan 2024R950.0bR733.2bR93.3b7.4x10.2x1.3x
Fri, 22 Dec 2023R1.1tR729.6bR92.8b8.2x11.6x1.5x
Sun, 19 Nov 2023R916.3bR730.1bR93.4b7.2x9.8x1.3x
Tue, 17 Oct 2023R957.1bR732.5bR93.7b7.7x10.2x1.3x
Thu, 14 Sep 2023R988.3bR818.5bR96.0b5.6x10.3x1.2x
Sat, 12 Aug 2023R1.1tR844.6bR140.7b4.4x7.9x1.3x
Mon, 10 Jul 2023R1.1tR869.6bR167.6b4.3x6.7x1.3x
Wed, 07 Jun 2023R1.4tR881.2bR176.7b4.9x7.7x1.5x
Fri, 05 May 2023R1.5tR884.1bR182.0b5.1x8.1x1.7x
Sun, 02 Apr 2023R1.2tR859.4bR169.0b4.5x7.4x1.4x
Tue, 28 Feb 2023R1.2tR867.5bR169.6b4.7x6.9x1.4x
Thu, 26 Jan 2023R1.4tR891.3bR197.4b5.7x7.1x1.6x
Sat, 24 Dec 2022R1.4tR889.9bR196.9b5.6x7.1x1.6x
Mon, 21 Nov 2022R1.4tR890.2bR196.8b5.5x7.2x1.6x
Wed, 19 Oct 2022R1.2tR899.4bR198.3b4.7x6.1x1.3x
Fri, 16 Sep 2022R1.2tR891.5bR197.2b5.2x5.9x1.3x
Sun, 14 Aug 2022R1.2tR901.4bR212.6b5.1x5.8x1.4x
Tue, 12 Jul 2022R1.3tR945.8bR248.3b4.5x5.1x1.3x
Thu, 09 Jun 2022R1.4tR929.9bR245.1b5.2x5.7x1.5x
Sat, 07 May 2022R1.4tR934.5bR245.8b5.1x5.7x1.5x
Mon, 04 Apr 2022R1.7tR911.9bR239.3b6.7x7.2x1.9x
Wed, 02 Mar 2022R1.9tR908.8bR263.1b7.3x7.4x2.1x
Fri, 28 Jan 2022R1.5tR912.6bR269.1b6.1x5.6x1.7x
Sun, 26 Dec 2021R1.4tR913.6bR269.3b5.6x5.3x1.6x
Tue, 23 Nov 2021R1.4tR916.0bR269.5b5.2x5.2x1.5x
Thu, 21 Oct 2021R1.4tR925.8bR270.6b5.5x5.3x1.5x
Sat, 18 Sep 2021R1.2tR894.6bR259.4b4.8x4.8x1.4x
Mon, 16 Aug 2021R1.5tR890.5bR258.5b6x5.7x1.7x
Mon, 31 May 2021R1.6tR800.2bR210.1b9.5x7.6x2x
Thu, 04 Mar 2021R1.5tR701.6bR158.0b9.1x9.7x2.2x
Price to Earnings Ratio

9.7x


Total Market Cap: R1.5tTotal Earnings: R158.0bTotal Revenue: R701.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Metals and Mining Industry Price to Earnings3Y Average 7.2x202220232024
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 10.4x which is higher than its 3-year average PE of 7.2x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 19% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the South African Materials industry?

ZA Market0.078%
Materials-1.81%
Metals and Mining-1.76%
Copper16.98%
Aluminum1.59%
Silver0%
Precious Metals and Minerals-0.95%
Steel-1.06%
Diversified Metals and Mining-2.05%
Gold-3.28%
Industry PE
  • Investors are most optimistic about the Gold industry, which is trading close to its 3-year average PE ratio of 14.9x.
    • Analysts are expecting annual earnings growth of 18.8%, which is higher than its past year's earnings growth of 1.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Gold industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 1.6% per year.
  • In contrast, the Steel industry is expected to see its earnings decline by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AMS Anglo American PlatinumR738.431.2%
+R2.2b
-29.3%PE14.9x
NPH Northam Platinum HoldingsR109.742.8%
+R1.2b
-27.7%PE16.8x
HAR Harmony Gold MiningR108.100.5%
+R347.2m
93.3%PE13.9x
ACL ArcelorMittal South AfricaR1.3919.8%
+R256.4m
-65.9%PS0.04x
THA TharisaR14.105.3%
+R213.2m
-36.5%PE2.7x
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Latest News

GFI

R243.00

Gold Fields

7D

-7.2%

1Y

45.8%

HAR

R108.10

Harmony Gold Mining

7D

0.5%

1Y

93.3%

THA

R14.10

Tharisa

7D

5.3%

1Y

-36.5%

KIO

R551.40

Kumba Iron Ore

7D

-1.5%

1Y

12.3%

NPH

R109.74

Northam Platinum Holdings

7D

2.8%

1Y

-27.7%

IMP

R65.80

Impala Platinum Holdings

7D

-0.1%

1Y

-61.3%

CPR

R3.10

Copper 360

7D

-1.6%

1Y

n/a

SSW

R20.05

Sibanye Stillwater

7D

-3.8%

1Y

-47.6%

WEZ

R0.50

Wesizwe Platinum

7D

2.0%

1Y

-58.3%

ACL

R1.39

ArcelorMittal South Africa

7D

19.8%

1Y

-65.9%

MDI

R12.50

Master Drilling Group

7D

-2.0%

1Y

-10.7%

MRF

R1.24

Merafe Resources

7D

-3.9%

1Y

-11.4%

GML

R2.86

Gemfields Group

7D

-5.9%

1Y

-23.5%

HLM

R3.20

Hulamin

7D

1.6%

1Y

22.6%