Getting In Cheap On African Rainbow Minerals Limited (JSE:ARI) Is Unlikely
Apr 25
Have your own idea? Try our Stock Screener
South African (JSE) Metals and Mining Industry Analysis
UpdatedApr 27, 2025
DataAggregated Company Financials
Companies18
- 7D-10.6%
- 3M19.8%
- 1Y9.9%
- YTD31.1%
Over the last 7 days, the Metals and Mining industry has dropped 11%, driven by pullbacks in Gold Fields and Anglo American Platinum of 10% and 18%, respectively. In the past year, the industry has gained 9.9%. Looking forward, earnings are forecast to grow by 29% 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 |
|---|---|---|---|---|---|---|
| Mon, 28 Apr 2025 | R1.1t | R664.0b | R32.3b | 7x | 32.8x | 1.6x |
| Wed, 26 Mar 2025 | R1.0t | R661.9b | R33.1b | 7.3x | 31.4x | 1.6x |
| Fri, 21 Feb 2025 | R969.2b | R639.4b | -R24,204,227,199.14 | 10.3x | -40x | 1.5x |
| Sun, 19 Jan 2025 | R878.4b | R662.5b | -R12,756,213,056.51 | 9.7x | -68.9x | 1.3x |
| Tue, 17 Dec 2024 | R826.3b | R657.6b | -R13,410,166,903.91 | 9.9x | -61.6x | 1.3x |
| Thu, 14 Nov 2024 | R850.9b | R659.0b | -R13,314,956,100.90 | 10.1x | -63.9x | 1.3x |
| Sat, 12 Oct 2024 | R883.2b | R654.2b | -R15,039,665,671.32 | 11.8x | -58.7x | 1.4x |
| Mon, 09 Sep 2024 | R770.9b | R662.6b | R241.8m | 10.7x | 3188.5x | 1.2x |
| Wed, 07 Aug 2024 | R897.7b | R675.3b | R10.1b | 6.1x | 89.1x | 1.3x |
| Fri, 05 Jul 2024 | R951.6b | R688.9b | R13.8b | 6.9x | 68.9x | 1.4x |
| Sun, 02 Jun 2024 | R954.1b | R691.9b | R14.3b | 6.9x | 66.9x | 1.4x |
| Tue, 30 Apr 2024 | R993.0b | R690.4b | R14.4b | 6.8x | 69x | 1.4x |
| Thu, 28 Mar 2024 | R920.9b | R691.9b | R13.6b | 6.4x | 67.7x | 1.3x |
| Sat, 24 Feb 2024 | R865.9b | R724.6b | R83.3b | 7.5x | 10.4x | 1.2x |
| Mon, 22 Jan 2024 | R936.2b | R733.2b | R93.2b | 7.5x | 10x | 1.3x |
| Wed, 20 Dec 2023 | R1.1t | R729.4b | R92.7b | 8.1x | 11.5x | 1.5x |
| Fri, 17 Nov 2023 | R916.2b | R729.5b | R93.3b | 7.3x | 9.8x | 1.3x |
| Sun, 15 Oct 2023 | R947.5b | R733.8b | R93.9b | 7.6x | 10.1x | 1.3x |
| Tue, 12 Sep 2023 | R973.6b | R819.3b | R96.1b | 5.4x | 10.1x | 1.2x |
| Thu, 10 Aug 2023 | R1.1t | R845.1b | R140.7b | 4.3x | 7.8x | 1.3x |
| Sat, 08 Jul 2023 | R1.1t | R869.3b | R167.6b | 4.3x | 6.7x | 1.3x |
| Mon, 05 Jun 2023 | R1.4t | R884.0b | R177.1b | 5x | 7.9x | 1.6x |
| Wed, 03 May 2023 | R1.4t | R885.5b | R182.2b | 5x | 7.6x | 1.6x |
| Fri, 31 Mar 2023 | R1.3t | R859.9b | R169.0b | 4.7x | 7.6x | 1.5x |
| Sun, 26 Feb 2023 | R1.2t | R867.5b | R169.6b | 4.7x | 7x | 1.4x |
| Tue, 24 Jan 2023 | R1.4t | R891.5b | R197.4b | 5.8x | 7.3x | 1.6x |
| Thu, 22 Dec 2022 | R1.4t | R891.0b | R197.1b | 5.6x | 7.1x | 1.6x |
| Sat, 19 Nov 2022 | R1.4t | R890.2b | R196.8b | 5.5x | 7.2x | 1.6x |
| Mon, 17 Oct 2022 | R1.2t | R900.3b | R198.5b | 4.6x | 5.9x | 1.3x |
| Wed, 14 Sep 2022 | R1.2t | R884.8b | R196.4b | 5.2x | 6.1x | 1.4x |
| Fri, 12 Aug 2022 | R1.3t | R901.2b | R212.6b | 5.3x | 5.9x | 1.4x |
| Sun, 10 Jul 2022 | R1.3t | R943.9b | R248.0b | 4.8x | 5.3x | 1.4x |
| Tue, 07 Jun 2022 | R1.4t | R930.4b | R245.2b | 5.3x | 5.7x | 1.5x |
| Thu, 05 May 2022 | R1.5t | R933.3b | R245.6b | 5.2x | 6.1x | 1.6x |
Price to Earnings Ratio
6.1x
Current Industry PE
- Investors are relatively neutral on the South African Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 30.7x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 49% per year over the last three years,
- Revenues have also declined 11% 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 | 1.07% | |
| Materials | -9.71% | |
| Metals and Mining | -10.61% | |
| Steel | 4.26% | |
| Copper | 2.04% | |
| Aluminum | 1.44% | |
| Diversified Metals and Mining | -8.56% | |
| Gold | -10.89% | |
| Precious Metals and Minerals | -13.93% | |
Industry PE
- Investors are most optimistic about the Gold industry, which is trading close to its 3-year average PE ratio of 17.5x.
- Analysts are expecting annual earnings growth of 21.3%, which is lower than the prior year's growth of 45.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 51% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 5.2% 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 | |
|---|---|---|---|---|---|
| KIO Kumba Iron Ore | R318.94 | 4.6% +R4.5b | -32.9% | PE7x | |
| MDI Master Drilling Group | R14.79 | 5.6% +R118.9m | 23.4% | PE6.8x | |
| GML Gemfields Group | R1.10 | 2.8% +R35.0m | -59.3% | PS0.3x | |
| WEZ Wesizwe Platinum | R0.40 | 5.3% +R32.6m | -20.0% | PE0.6x | |
| CPR Copper 360 | R2.00 | 2.0% +R18.6m | -50.6% | PS11.3x |
