South African (JSE) Steel Industry Analysis
UpdatedJul 23, 2024
DataAggregated Company Financials
Companies3
- 7D-8.2%
- 3M-8.7%
- 1Y-8.2%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 7.0%, driven by a pullback from Kumba Iron Ore of 8.6%. The industry has fallen 7.0% in the last year. Looking forward, earnings are forecast to decline by 8.3% 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 |
|---|---|---|---|---|---|---|
| Tue, 23 Jul 2024 | R134.9b | R137.1b | R20.6b | 3.9x | 6.6x | 1x |
| Thu, 20 Jun 2024 | R155.8b | R137.1b | R20.6b | 4.3x | 7.6x | 1.1x |
| Sat, 18 May 2024 | R173.9b | R137.1b | R20.6b | 4.6x | 8.5x | 1.3x |
| Mon, 15 Apr 2024 | R161.7b | R137.1b | R20.6b | 4.4x | 7.9x | 1.2x |
| Wed, 13 Mar 2024 | R163.1b | R136.3b | R20.3b | 4.6x | 8x | 1.2x |
| Fri, 09 Feb 2024 | R179.9b | R117.4b | R13.8b | 7.8x | 13x | 1.5x |
| Sun, 07 Jan 2024 | R193.8b | R117.4b | R13.8b | 8.3x | 14.1x | 1.7x |
| Tue, 05 Dec 2023 | R198.0b | R117.4b | R13.8b | 8.4x | 14.4x | 1.7x |
| Thu, 02 Nov 2023 | R163.7b | R117.4b | R13.8b | 7.1x | 11.9x | 1.4x |
| Sat, 30 Sep 2023 | R150.8b | R117.4b | R13.8b | 6.6x | 10.9x | 1.3x |
| Mon, 28 Aug 2023 | R137.7b | R117.4b | R13.8b | 6.2x | 10x | 1.2x |
| Wed, 26 Jul 2023 | R163.3b | R122.7b | R19.0b | 2.2x | 8.6x | 1.3x |
| Fri, 23 Jun 2023 | R158.6b | R122.7b | R19.0b | 2x | 8.3x | 1.3x |
| Sun, 21 May 2023 | R157.1b | R130.2b | R25.5b | 2.1x | 6.2x | 1.2x |
| Tue, 18 Apr 2023 | R161.8b | R122.7b | R19.0b | 2.2x | 8.5x | 1.3x |
| Thu, 16 Mar 2023 | R149.0b | R123.4b | R19.6b | 1.7x | 7.6x | 1.2x |
| Sat, 11 Feb 2023 | R176.1b | R133.3b | R30.9b | 1.7x | 5.7x | 1.3x |
| Mon, 09 Jan 2023 | R181.3b | R133.3b | R30.9b | 1.6x | 5.9x | 1.4x |
| Wed, 07 Dec 2022 | R167.4b | R132.8b | R30.6b | 2x | 5.5x | 1.3x |
| Fri, 04 Nov 2022 | R122.3b | R132.8b | R30.6b | 1.9x | 4x | 0.9x |
| Sun, 02 Oct 2022 | R132.2b | R132.8b | R30.6b | 1.7x | 4.3x | 1x |
| Tue, 30 Aug 2022 | R147.4b | R132.8b | R30.6b | 2x | 4.8x | 1.1x |
| Thu, 28 Jul 2022 | R161.4b | R149.9b | R41.6b | 2.2x | 3.9x | 1.1x |
| Sat, 25 Jun 2022 | R172.9b | R149.9b | R41.6b | 2.4x | 4.2x | 1.2x |
| Mon, 23 May 2022 | R175.1b | R149.9b | R41.6b | 2.4x | 4.2x | 1.2x |
| Wed, 20 Apr 2022 | R223.7b | R149.9b | R41.6b | 2.5x | 5.4x | 1.5x |
| Fri, 18 Mar 2022 | R209.2b | R139.5b | R36.4b | 5.9x | 5.7x | 1.5x |
| Sun, 13 Feb 2022 | R233.8b | R149.6b | R40.8b | 5.8x | 5.7x | 1.6x |
| Tue, 11 Jan 2022 | R160.2b | R149.6b | R40.8b | 4.3x | 3.9x | 1.1x |
| Thu, 09 Dec 2021 | R161.0b | R149.6b | R40.8b | 4x | 3.9x | 1.1x |
| Sat, 06 Nov 2021 | R142.4b | R149.6b | R40.8b | 3.5x | 3.5x | 1x |
| Mon, 04 Oct 2021 | R162.1b | R149.6b | R40.8b | 4.1x | 4x | 1.1x |
| Wed, 01 Sep 2021 | R213.8b | R149.6b | R40.8b | 4.3x | 5.2x | 1.4x |
Price to Earnings Ratio
6.1x
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 20% per year over the last three years,
- Revenues have also declined 2.9% 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 | -1.98% | |
| Materials | -2.11% | |
| Metals and Mining | -3.41% | |
| Steel | -8.24% | |
| Aluminum | 2.92% | |
| Silver | 0% | |
| Copper | -0.92% | |
| Gold | -1.39% | |
| Diversified Metals and Mining | -3.49% | |
| Precious Metals and Minerals | -3.57% | |
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 | |
|---|---|---|---|---|---|
| MRF Merafe Resources | R1.44 | 1.4% +R50.0m | 18.0% | PE2.1x |