Here's What Analysts Are Forecasting For Kumba Iron Ore Limited (JSE:KIO) After Its Annual Results
Feb 21
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South African (JSE) Steel Industry Analysis
UpdatedFeb 22, 2025
DataAggregated Company Financials
Companies3
- 7D8.8%
- 3M12.3%
- 1Y-30.2%
- YTDn/a
The Steel industry is up 6.5% in the last week, with Kumba Iron Ore up 8.2%. Meanwhile, ArcelorMittal South Africa actually underperformed within the industry, shrinking 13% in the last week. In the past year, the industry is down 33%. Looking forward, earnings are forecast to decline by 4.3% per year.
Industry Valuation and Performance
Has the South African Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 22 Feb 2025 | R126.9b | R116.3b | R10.3b | 5.2x | 12.3x | 1.1x |
| Mon, 20 Jan 2025 | R122.5b | R134.1b | R16.9b | 4.2x | 7.3x | 0.9x |
| Wed, 18 Dec 2024 | R110.5b | R134.1b | R16.9b | 3.8x | 6.5x | 0.8x |
| Fri, 15 Nov 2024 | R112.5b | R134.1b | R16.9b | 3.9x | 6.7x | 0.8x |
| Sun, 13 Oct 2024 | R124.9b | R134.1b | R16.9b | 4.2x | 7.4x | 0.9x |
| Tue, 10 Sep 2024 | R107.9b | R134.1b | R16.9b | 3.8x | 6.4x | 0.8x |
| Thu, 08 Aug 2024 | R129.8b | R134.6b | R18.1b | 4.1x | 7.2x | 1x |
| Sat, 06 Jul 2024 | R155.3b | R137.1b | R20.6b | 4.3x | 7.6x | 1.1x |
| Mon, 03 Jun 2024 | R161.7b | R137.1b | R20.6b | 4.4x | 7.9x | 1.2x |
| Wed, 01 May 2024 | R153.2b | R137.1b | R20.6b | 4.2x | 7.5x | 1.1x |
| Fri, 29 Mar 2024 | R153.5b | R137.1b | R20.6b | 4.4x | 7.5x | 1.1x |
| Sun, 25 Feb 2024 | R181.6b | R136.3b | R20.3b | 4.9x | 8.9x | 1.3x |
| Tue, 23 Jan 2024 | R174.7b | R117.4b | R13.8b | 7.6x | 12.7x | 1.5x |
| Thu, 21 Dec 2023 | R189.6b | R117.4b | R13.8b | 8.1x | 13.7x | 1.6x |
| Sat, 18 Nov 2023 | R184.1b | R117.4b | R13.8b | 7.9x | 13.4x | 1.6x |
| Mon, 16 Oct 2023 | R159.3b | R117.4b | R13.8b | 6.9x | 11.5x | 1.4x |
| Wed, 13 Sep 2023 | R142.9b | R117.4b | R13.8b | 6.3x | 10.4x | 1.2x |
| Fri, 11 Aug 2023 | R148.3b | R116.9b | R13.7b | 6.5x | 10.8x | 1.3x |
| Sun, 09 Jul 2023 | R144.8b | R122.7b | R19.0b | 2.1x | 7.6x | 1.2x |
| Tue, 06 Jun 2023 | R156.0b | R130.2b | R25.5b | 2x | 6.1x | 1.2x |
| Thu, 04 May 2023 | R151.5b | R130.2b | R25.5b | 2.1x | 5.9x | 1.2x |
| Sat, 01 Apr 2023 | R151.9b | R122.7b | R19.0b | 2.4x | 8x | 1.2x |
| Mon, 27 Feb 2023 | R167.4b | R123.4b | R19.6b | 1.8x | 8.5x | 1.4x |
| Wed, 25 Jan 2023 | R171.4b | R133.3b | R30.9b | 1.6x | 5.5x | 1.3x |
| Fri, 23 Dec 2022 | R160.9b | R132.8b | R30.6b | 1.9x | 5.3x | 1.2x |
| Sun, 20 Nov 2022 | R165.1b | R132.8b | R30.6b | 1.8x | 5.4x | 1.2x |
| Tue, 18 Oct 2022 | R126.6b | R132.8b | R30.6b | 1.7x | 4.1x | 1x |
| Thu, 15 Sep 2022 | R131.3b | R132.8b | R30.6b | 1.9x | 4.3x | 1x |
| Sat, 13 Aug 2022 | R158.9b | R132.8b | R30.6b | 2.1x | 5.2x | 1.2x |
| Mon, 11 Jul 2022 | R177.2b | R149.9b | R41.6b | 2.2x | 4.3x | 1.2x |
| Wed, 08 Jun 2022 | R204.6b | R149.9b | R41.6b | 2.5x | 4.9x | 1.4x |
| Fri, 06 May 2022 | R177.8b | R149.9b | R41.6b | 2.4x | 4.3x | 1.2x |
| Sun, 03 Apr 2022 | R236.5b | R141.4b | R37.5b | 4.3x | 6.3x | 1.7x |
| Tue, 01 Mar 2022 | R207.7b | R139.5b | R36.4b | 5.8x | 5.7x | 1.5x |
Price to Earnings Ratio
5.7x
Current Industry PE
- There are only 3 companies in the South African Steel industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 24% 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 Comparison
How does South African Steel compare with similar industries?
| ZA Market | 0.49% | |
| Materials | -2.73% | |
| Metals and Mining | -3.39% | |
| Steel | 8.75% | |
| Silver | 0% | 0 |
| Copper | -2.38% | |
| Diversified Metals and Mining | -3.19% | |
| Gold | -4.19% | |
| Precious Metals and Minerals | -6.29% | |
| Aluminum | -8.00% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KIO Kumba Iron Ore | R383.12 | 9.1% +R10.2b | -30.5% | PE8.4x |