Have your own idea? Try our Stock Screener
South African (JSE) Steel Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies3
- 7D-7.0%
- 3M-5.8%
- 1Y-45.2%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 5.9%, driven by pullbacks from every company within the industry. However, the industry is down 42% over the past year. In the next few years, earnings are forecast to decline by 7.7% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 20 Dec 2024 | R107.8b | R134.1b | R16.9b | 3.8x | 6.4x | 0.8x |
| Sun, 17 Nov 2024 | R112.5b | R134.1b | R16.9b | 3.9x | 6.7x | 0.8x |
| Tue, 15 Oct 2024 | R124.9b | R134.1b | R16.9b | 4.2x | 7.4x | 0.9x |
| Thu, 12 Sep 2024 | R111.6b | R134.1b | R16.9b | 3.9x | 6.6x | 0.8x |
| Sat, 10 Aug 2024 | R128.7b | R134.6b | R18.1b | 4.1x | 7.1x | 1x |
| Mon, 08 Jul 2024 | R155.3b | R137.1b | R20.6b | 4.3x | 7.6x | 1.1x |
| Wed, 05 Jun 2024 | R153.6b | R137.1b | R20.6b | 4.2x | 7.5x | 1.1x |
| Fri, 03 May 2024 | R151.7b | R137.1b | R20.6b | 4.1x | 7.4x | 1.1x |
| Sun, 31 Mar 2024 | R153.5b | R137.1b | R20.6b | 4.4x | 7.5x | 1.1x |
| Tue, 27 Feb 2024 | R177.7b | R136.3b | R20.3b | 4.8x | 8.7x | 1.3x |
| Thu, 25 Jan 2024 | R187.1b | R117.4b | R13.8b | 8.1x | 13.6x | 1.6x |
| Sat, 23 Dec 2023 | R199.1b | R117.4b | R13.8b | 8.5x | 14.4x | 1.7x |
| Mon, 20 Nov 2023 | R184.1b | R117.4b | R13.8b | 7.9x | 13.4x | 1.6x |
| Wed, 18 Oct 2023 | R162.6b | R117.4b | R13.8b | 7.1x | 11.8x | 1.4x |
| Fri, 15 Sep 2023 | R155.3b | R117.4b | R13.8b | 6.8x | 11.3x | 1.3x |
| Sun, 13 Aug 2023 | R147.9b | R116.9b | R13.7b | 6.5x | 10.8x | 1.3x |
| Tue, 11 Jul 2023 | R143.0b | R122.7b | R19.0b | 2.1x | 7.5x | 1.2x |
| Thu, 08 Jun 2023 | R158.9b | R130.2b | R25.5b | 2x | 6.2x | 1.2x |
| Sat, 06 May 2023 | R153.7b | R130.2b | R25.5b | 2.1x | 6x | 1.2x |
| Mon, 03 Apr 2023 | R151.9b | R122.7b | R19.0b | 2.4x | 8x | 1.2x |
| Wed, 01 Mar 2023 | R161.7b | R123.4b | R19.6b | 1.7x | 8.2x | 1.3x |
| Fri, 27 Jan 2023 | R178.0b | R133.3b | R30.9b | 1.7x | 5.8x | 1.3x |
| Sun, 25 Dec 2022 | R164.3b | R132.8b | R30.6b | 1.9x | 5.4x | 1.2x |
| Tue, 22 Nov 2022 | R161.0b | R132.8b | R30.6b | 1.9x | 5.3x | 1.2x |
| Thu, 20 Oct 2022 | R129.6b | R132.8b | R30.6b | 1.7x | 4.2x | 1x |
| Sat, 17 Sep 2022 | R132.1b | R132.8b | R30.6b | 1.8x | 4.3x | 1x |
| Mon, 15 Aug 2022 | R158.9b | R132.8b | R30.6b | 2.1x | 5.2x | 1.2x |
| Wed, 13 Jul 2022 | R165.1b | R149.9b | R41.6b | 2.2x | 4x | 1.1x |
| Fri, 10 Jun 2022 | R197.5b | R149.9b | R41.6b | 2.6x | 4.8x | 1.3x |
| Sun, 08 May 2022 | R171.4b | R149.9b | R41.6b | 2.4x | 4.1x | 1.1x |
| Tue, 05 Apr 2022 | R232.3b | R141.4b | R37.5b | 4.4x | 6.2x | 1.6x |
| Thu, 03 Mar 2022 | R204.5b | R139.5b | R36.4b | 5.7x | 5.6x | 1.5x |
| Sat, 29 Jan 2022 | R187.2b | R149.6b | R40.8b | 4.6x | 4.6x | 1.3x |
| Mon, 27 Dec 2021 | R158.8b | R149.6b | R40.8b | 3.9x | 3.9x | 1.1x |
Price to Earnings Ratio
3.9x
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 26% per year over the last three years,
- Revenues have also declined 3.6% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does South African Steel compare with similar industries?
| ZA Market | -2.90% | |
| Materials | -6.46% | |
| Metals and Mining | -6.61% | |
| Steel | -7.03% | |
| Silver | 0% | |
| Aluminum | -2.54% | |
| Gold | -5.60% | |
| Copper | -6.45% | |
| Diversified Metals and Mining | -7.08% | |
| Precious Metals and Minerals | -7.42% | |
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 | |
|---|---|---|---|---|---|
| ACL ArcelorMittal South Africa | R1.30 | 2.4% +R33.4m | -21.2% | PS0.04x |