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South African (JSE) Steel Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies3
- 7D-1.9%
- 3M-8.5%
- 1Y-41.3%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 1.9%, driven by Kumba Iron Ore declining 2.1%. The industry has fallen 41% in the last year. In the next few years, earnings are forecast to decline by 7.6% 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 |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | R112.0b | R134.1b | R16.9b | 4x | 6.6x | 0.8x |
| Fri, 18 Oct 2024 | R117.2b | R134.1b | R16.9b | 4.1x | 6.9x | 0.9x |
| Sun, 15 Sep 2024 | R118.2b | R134.1b | R16.9b | 4.1x | 7x | 0.9x |
| Tue, 13 Aug 2024 | R130.2b | R134.6b | R18.1b | 4.1x | 7.2x | 1x |
| Thu, 11 Jul 2024 | R149.4b | R137.1b | R20.6b | 4.2x | 7.3x | 1.1x |
| Sat, 08 Jun 2024 | R155.0b | R137.1b | R20.6b | 4.2x | 7.5x | 1.1x |
| Mon, 06 May 2024 | R158.2b | R137.1b | R20.6b | 4.3x | 7.7x | 1.2x |
| Wed, 03 Apr 2024 | R161.3b | R137.1b | R20.6b | 4.5x | 7.8x | 1.2x |
| Fri, 01 Mar 2024 | R176.9b | R136.3b | R20.3b | 4.8x | 8.7x | 1.3x |
| Sun, 28 Jan 2024 | R193.2b | R117.4b | R13.8b | 8.3x | 14x | 1.6x |
| Tue, 26 Dec 2023 | R199.1b | R117.4b | R13.8b | 8.5x | 14.4x | 1.7x |
| Thu, 23 Nov 2023 | R190.9b | R117.4b | R13.8b | 8.5x | 13.8x | 1.6x |
| Sat, 21 Oct 2023 | R157.8b | R117.4b | R13.8b | 6.9x | 11.4x | 1.3x |
| Mon, 18 Sep 2023 | R156.5b | R117.4b | R13.8b | 6.8x | 11.3x | 1.3x |
| Wed, 16 Aug 2023 | R142.1b | R116.9b | R13.7b | 6.4x | 10.4x | 1.2x |
| Fri, 14 Jul 2023 | R151.3b | R122.7b | R19.0b | 2.2x | 8x | 1.2x |
| Sun, 11 Jun 2023 | R166.2b | R130.2b | R25.5b | 2x | 6.5x | 1.3x |
| Tue, 09 May 2023 | R157.8b | R130.2b | R25.5b | 2.1x | 6.2x | 1.2x |
| Thu, 06 Apr 2023 | R150.7b | R122.7b | R19.0b | 2.4x | 7.9x | 1.2x |
| Sat, 04 Mar 2023 | R166.7b | R123.4b | R19.6b | 1.8x | 8.5x | 1.4x |
| Mon, 30 Jan 2023 | R179.1b | R133.3b | R30.9b | 1.7x | 5.8x | 1.3x |
| Wed, 28 Dec 2022 | R164.3b | R132.8b | R30.6b | 1.9x | 5.4x | 1.2x |
| Fri, 25 Nov 2022 | R157.0b | R132.8b | R30.6b | 1.8x | 5.1x | 1.2x |
| Sun, 23 Oct 2022 | R132.9b | R132.8b | R30.6b | 1.7x | 4.3x | 1x |
| Tue, 20 Sep 2022 | R129.7b | R132.8b | R30.6b | 1.8x | 4.2x | 1x |
| Thu, 18 Aug 2022 | R149.8b | R132.8b | R30.6b | 2.2x | 4.9x | 1.1x |
| Sat, 16 Jul 2022 | R151.3b | R149.9b | R41.6b | 2.1x | 3.6x | 1x |
| Mon, 13 Jun 2022 | R190.9b | R149.9b | R41.6b | 2.6x | 4.6x | 1.3x |
| Wed, 11 May 2022 | R161.2b | R149.9b | R41.6b | 2.3x | 3.9x | 1.1x |
| Fri, 08 Apr 2022 | R228.9b | R141.4b | R37.5b | 4.3x | 6.1x | 1.6x |
| Sun, 06 Mar 2022 | R227.6b | R139.5b | R36.4b | 6.4x | 6.3x | 1.6x |
| Tue, 01 Feb 2022 | R188.0b | R149.6b | R40.8b | 4.6x | 4.6x | 1.3x |
| Thu, 30 Dec 2021 | R158.6b | R149.6b | R40.8b | 3.9x | 3.9x | 1.1x |
| Sat, 27 Nov 2021 | R146.2b | R149.6b | R40.8b | 3.6x | 3.6x | 1x |
Price to Earnings Ratio
3.6x
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 | 0.33% | |
| Materials | 2.29% | |
| Metals and Mining | 2.95% | |
| Steel | -1.90% | |
| Gold | 7.28% | |
| Precious Metals and Minerals | 1.04% | |
| Silver | 0% | |
| Diversified Metals and Mining | -0.42% | |
| Aluminum | -2.56% | |
| Copper | -9.97% | |
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 | R1.49 | 3.5% +R125.0m | 25.2% | PE2.6x |