South African (JSE) Steel Industry Analysis
UpdatedApr 16, 2024
DataAggregated Company Financials
Companies3
- 7D3.0%
- 3M-9.4%
- 1Y-0.9%
- YTDn/a
Over the last 7 days, the Steel industry has risen 3.7%, driven by gains from Kumba Iron Ore of 4.2%. During this same period, the Merafe Resources underperformed, falling 14%. The industry has been flat over the past 12 months despite the gain this week. In the next few years, earnings are forecast to decline by 12% 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 |
|---|---|---|---|---|---|---|
| Tue, 16 Apr 2024 | R160.5b | R137.1b | R20.6b | 4.4x | 7.8x | 1.2x |
| Thu, 14 Mar 2024 | R150.9b | R136.3b | R20.3b | 4.4x | 7.4x | 1.1x |
| Sat, 10 Feb 2024 | R179.0b | R119.4b | R10.7b | 7.7x | 16.8x | 1.5x |
| Mon, 08 Jan 2024 | R193.8b | R117.4b | R13.8b | 8.3x | 14.1x | 1.7x |
| Wed, 06 Dec 2023 | R195.0b | R117.4b | R13.8b | 8.3x | 14.1x | 1.7x |
| Fri, 03 Nov 2023 | R169.4b | R117.4b | R13.8b | 7.3x | 12.3x | 1.4x |
| Sun, 01 Oct 2023 | R150.8b | R117.4b | R13.8b | 6.6x | 10.9x | 1.3x |
| Tue, 29 Aug 2023 | R140.8b | R117.4b | R13.8b | 6.3x | 10.2x | 1.2x |
| Thu, 27 Jul 2023 | R160.4b | R118.0b | R17.1b | 2.2x | 9.4x | 1.4x |
| Sat, 24 Jun 2023 | R155.9b | R122.7b | R19.0b | 1.9x | 8.2x | 1.3x |
| Mon, 22 May 2023 | R157.1b | R130.2b | R25.5b | 2.1x | 6.2x | 1.2x |
| Wed, 19 Apr 2023 | R165.9b | R122.7b | R19.0b | 2.2x | 8.7x | 1.4x |
| Fri, 17 Mar 2023 | R144.0b | R123.4b | R19.6b | 1.7x | 7.3x | 1.2x |
| Sun, 12 Feb 2023 | R176.1b | R130.8b | R26.1b | 1.7x | 6.7x | 1.3x |
| Tue, 10 Jan 2023 | R181.7b | R133.3b | R30.9b | 1.7x | 5.9x | 1.4x |
| Thu, 08 Dec 2022 | R166.1b | R132.8b | R30.6b | 2x | 5.4x | 1.3x |
| Sat, 05 Nov 2022 | R140.3b | R132.8b | R30.6b | 1.8x | 4.6x | 1.1x |
| Mon, 03 Oct 2022 | R132.2b | R132.8b | R30.6b | 1.7x | 4.3x | 1x |
| Wed, 31 Aug 2022 | R139.1b | R132.8b | R30.6b | 2x | 4.5x | 1x |
| Fri, 29 Jul 2022 | R161.4b | R149.9b | R41.6b | 2.2x | 3.9x | 1.1x |
| Sun, 26 Jun 2022 | R172.9b | R149.9b | R41.6b | 2.4x | 4.2x | 1.2x |
| Tue, 24 May 2022 | R181.4b | R149.9b | R41.6b | 2.4x | 4.4x | 1.2x |
| Thu, 21 Apr 2022 | R227.0b | R149.9b | R41.6b | 2.5x | 5.5x | 1.5x |
| Sat, 19 Mar 2022 | R211.3b | R139.5b | R36.4b | 5.9x | 5.8x | 1.5x |
| Mon, 14 Feb 2022 | R233.8b | R149.6b | R40.8b | 5.8x | 5.7x | 1.6x |
| Wed, 12 Jan 2022 | R174.2b | R149.6b | R40.8b | 4.4x | 4.3x | 1.2x |
| Fri, 10 Dec 2021 | R157.0b | R149.6b | R40.8b | 3.9x | 3.8x | 1.1x |
| Sun, 07 Nov 2021 | R142.4b | R149.6b | R40.8b | 3.5x | 3.5x | 1x |
| Tue, 05 Oct 2021 | R165.8b | R149.6b | R40.8b | 4.1x | 4.1x | 1.1x |
| Thu, 02 Sep 2021 | R213.0b | R149.6b | R40.8b | 4x | 5.2x | 1.4x |
| Sat, 31 Jul 2021 | R259.3b | R149.6b | R40.8b | 4.3x | 6.3x | 1.7x |
| Tue, 04 May 2021 | R217.8b | R129.5b | R30.3b | 11.9x | 7.2x | 1.7x |
Price to Earnings Ratio
7.2x
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 12% 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 | -1.34% | |
| Materials | 4.57% | |
| Metals and Mining | 5.25% | |
| Steel | 2.95% | |
| Diversified Metals and Mining | 19.94% | |
| Gold | 5.37% | |
| Precious Metals and Minerals | 4.82% | |
| Aluminum | 1.67% | |
| Copper | 0% | |
| Silver | 0% | |
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 | R484.98 | 3.4% +R5.1b | 0.6% | PE6.8x | |
| ACL ArcelorMittal South Africa | R1.21 | 0.8% +R11.1m | -66.9% | PS0.03x |