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South African (JSE) Metals and Mining Industry Analysis
UpdatedAug 24, 2025
DataAggregated Company Financials
Companies18
- 7D0.3%
- 3M20.2%
- 1Y52.5%
- YTD68.0%
In the last week, Metals and Mining has been flat. The past year has been better, since the industry has gained 53% in that time. Looking forward, earnings are forecast to grow by 36% annually.
Industry Valuation and Performance
Has the South African Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Aug 2025 | R1.4t | R661.5b | R35.3b | 10.8x | 38.5x | 2.1x |
| Tue, 22 Jul 2025 | R1.3t | R655.7b | R30.4b | 7.5x | 42.5x | 2x |
| Thu, 19 Jun 2025 | R1.2t | R658.1b | R30.9b | 7.4x | 38.2x | 1.8x |
| Sat, 17 May 2025 | R1.0t | R660.0b | R31.5b | 7.1x | 31.9x | 1.5x |
| Mon, 14 Apr 2025 | R1.2t | R667.1b | R34.2b | 6.5x | 34x | 1.7x |
| Wed, 12 Mar 2025 | R1.0t | R661.1b | R32.9b | 9x | 31.2x | 1.5x |
| Fri, 07 Feb 2025 | R968.0b | R661.0b | -R12,952,489,777.25 | 9.8x | -74.7x | 1.5x |
| Sun, 05 Jan 2025 | R803.8b | R662.5b | -R12,749,085,270.39 | 9.4x | -63x | 1.2x |
| Tue, 03 Dec 2024 | R840.3b | R659.5b | -R13,157,558,163.49 | 10x | -63.9x | 1.3x |
| Thu, 31 Oct 2024 | R980.8b | R655.6b | -R13,757,725,443.94 | 11.4x | -71.3x | 1.5x |
| Sat, 28 Sep 2024 | R903.0b | R652.6b | -R15,252,512,902.05 | 11.9x | -59.2x | 1.4x |
| Mon, 26 Aug 2024 | R889.3b | R667.3b | R7.3b | 5.7x | 121.5x | 1.3x |
| Wed, 24 Jul 2024 | R926.7b | R677.2b | R12.5b | 5.7x | 74.1x | 1.4x |
| Fri, 21 Jun 2024 | R849.1b | R573.6b | R51.4b | 6.8x | 16.5x | 1.5x |
| Sun, 19 May 2024 | R1.0t | R687.7b | R14.0b | 7.5x | 74.5x | 1.5x |
| Tue, 16 Apr 2024 | R1.1t | R692.4b | R14.7b | 6.8x | 72.6x | 1.5x |
| Thu, 14 Mar 2024 | R930.0b | R690.0b | R13.8b | 6.9x | 67.5x | 1.3x |
| Sat, 10 Feb 2024 | R862.4b | R721.4b | R89.4b | 6x | 9.6x | 1.2x |
| Mon, 08 Jan 2024 | R991.4b | R731.3b | R93.0b | 7.9x | 10.7x | 1.4x |
| Wed, 06 Dec 2023 | R951.6b | R733.7b | R93.9b | 7.1x | 10.1x | 1.3x |
| Fri, 03 Nov 2023 | R864.0b | R730.5b | R93.4b | 7x | 9.2x | 1.2x |
| Sun, 01 Oct 2023 | R1.0t | R819.7b | R94.6b | 8.6x | 10.7x | 1.2x |
| Tue, 29 Aug 2023 | R1.0t | R838.2b | R127.1b | 4.9x | 8.3x | 1.3x |
| Thu, 27 Jul 2023 | R1.2t | R831.9b | R145.5b | 4.6x | 8.3x | 1.5x |
| Sat, 24 Jun 2023 | R1.2t | R869.1b | R169.6b | 4.3x | 7.1x | 1.4x |
| Mon, 22 May 2023 | R1.4t | R895.5b | R182.7b | 4.8x | 7.6x | 1.6x |
| Wed, 19 Apr 2023 | R1.4t | R863.3b | R169.6b | 5.6x | 8.5x | 1.7x |
| Fri, 17 Mar 2023 | R1.2t | R859.6b | R168.0b | 4.4x | 6.9x | 1.4x |
| Sun, 12 Feb 2023 | R1.3t | R896.0b | R193.8b | 5.1x | 6.8x | 1.5x |
| Tue, 10 Jan 2023 | R1.5t | R888.6b | R196.9b | 6.1x | 7.7x | 1.7x |
| Thu, 08 Dec 2022 | R1.5t | R890.9b | R197.1b | 5.5x | 7.4x | 1.6x |
| Sat, 05 Nov 2022 | R1.3t | R897.4b | R198.0b | 5.4x | 6.6x | 1.5x |
| Mon, 03 Oct 2022 | R1.2t | R897.9b | R198.1b | 5.1x | 5.9x | 1.3x |
| Wed, 31 Aug 2022 | R1.1t | R892.1b | R199.0b | 5.3x | 5.7x | 1.3x |
Price to Earnings Ratio
5.7x
Current Industry PE
- Investors are optimistic on the South African Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 38.5x which is higher than its 3-year average PE of 34.5x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 44% per year over the last three years,
- Revenues have also declined 9.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the South African Materials industry?
| ZA Market | 0.67% | |
| Materials | 0.64% | |
| Metals and Mining | 0.25% | |
| Gold | 2.64% | |
| Precious Metals and Minerals | -1.50% | |
| Diversified Metals and Mining | -2.20% | |
| Steel | -3.79% | |
| Aluminum | -13.93% | |
| Copper | -23.16% | |
Industry PE
- Investors are most optimistic about the Gold industry even though it's trading below its 3-year average PE ratio of 18.1x.
- Analysts are expecting annual earnings growth of 20.7%, which is lower than the prior year's growth of 99.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 64% over the next 5 years.
- This is better than its past earnings decline of 56% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 8.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GFI Gold Fields | R539.74 | 2.2% +R10.3b | 106.3% | PE14.7x | |
| HAR Harmony Gold Mining | R280.89 | 3.9% +R6.6b | 50.5% | PE16.6x | |
| SSW Sibanye Stillwater | R36.74 | 1.2% +R1.2b | 89.4% | PS0.9x | |
| THA Tharisa | R21.20 | 3.4% +R199.8m | 9.7% | PE6.9x | |
| ACL ArcelorMittal South Africa | R0.99 | 8.8% +R114.5m | -19.5% | PS0.04x |
