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South African (JSE) Metals and Mining Industry Analysis
UpdatedApr 01, 2025
DataAggregated Company Financials
Companies18
- 7D5.3%
- 3M40.5%
- 1Y15.0%
- YTD34.8%
Over the last 7 days, the Metals and Mining industry has risen 5.3%, driven by gains in Gold Fields and Harmony Gold Mining of 7.0% and 15%, respectively. Meanwhile, Kumba Iron Ore actually underperformed within the industry, shrinking 6.5% in the last week. In the last 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 31% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 01 Apr 2025 | R1.1t | R662.2b | R33.2b | 6.9x | 32.8x | 1.6x |
| Thu, 27 Feb 2025 | R910.2b | R659.0b | R31.8b | 8.2x | 28.7x | 1.4x |
| Sat, 25 Jan 2025 | R909.0b | R660.5b | -R13,023,092,374.42 | 10x | -69.8x | 1.4x |
| Mon, 23 Dec 2024 | R802.3b | R660.1b | -R13,073,211,965.19 | 9.5x | -61.4x | 1.2x |
| Wed, 20 Nov 2024 | R879.0b | R658.0b | -R13,443,827,297.65 | 10.1x | -65.4x | 1.3x |
| Fri, 18 Oct 2024 | R923.3b | R655.8b | -R13,731,818,727.06 | 10.8x | -67.2x | 1.4x |
| Sun, 15 Sep 2024 | R814.7b | R656.6b | -R14,735,857,430.67 | 11.2x | -55.3x | 1.2x |
| Tue, 13 Aug 2024 | R872.9b | R674.0b | R9.9b | 6.2x | 88.2x | 1.3x |
| Thu, 11 Jul 2024 | R882.3b | R574.5b | R51.5b | 6.4x | 17.1x | 1.5x |
| Sat, 08 Jun 2024 | R909.4b | R692.4b | R14.3b | 6.6x | 63.5x | 1.3x |
| Mon, 06 May 2024 | R940.4b | R689.7b | R14.3b | 6.8x | 65.8x | 1.4x |
| Wed, 03 Apr 2024 | R966.3b | R691.2b | R14.5b | 6.7x | 66.6x | 1.4x |
| Fri, 01 Mar 2024 | R868.6b | R732.1b | R87.3b | 7.6x | 10x | 1.2x |
| Sun, 28 Jan 2024 | R1.0t | R731.9b | R93.1b | 7.6x | 10.8x | 1.4x |
| Tue, 26 Dec 2023 | R1.1t | R730.1b | R92.9b | 8x | 11.6x | 1.5x |
| Thu, 23 Nov 2023 | R927.6b | R732.6b | R93.7b | 7.1x | 9.9x | 1.3x |
| Sat, 21 Oct 2023 | R916.0b | R733.5b | R93.9b | 7.1x | 9.8x | 1.2x |
| Mon, 18 Sep 2023 | R1.1t | R820.3b | R96.1b | 6.5x | 11x | 1.3x |
| Wed, 16 Aug 2023 | R1.1t | R846.5b | R140.8b | 4.3x | 7.5x | 1.2x |
| Fri, 14 Jul 2023 | R1.2t | R860.0b | R166.6b | 4.4x | 7.2x | 1.4x |
| Sun, 11 Jun 2023 | R1.3t | R876.1b | R176.0b | 4.8x | 7.7x | 1.5x |
| Tue, 09 May 2023 | R1.5t | R884.0b | R182.0b | 5.2x | 8.2x | 1.7x |
| Thu, 06 Apr 2023 | R1.3t | R861.4b | R169.2b | 4.6x | 7.6x | 1.5x |
| Sat, 04 Mar 2023 | R1.2t | R851.9b | R167.9b | 4.8x | 7x | 1.4x |
| Mon, 30 Jan 2023 | R1.4t | R891.8b | R197.5b | 5.4x | 7x | 1.6x |
| Wed, 28 Dec 2022 | R1.4t | R889.2b | R196.8b | 5.6x | 7.1x | 1.6x |
| Fri, 25 Nov 2022 | R1.4t | R888.1b | R196.4b | 5.4x | 7.3x | 1.6x |
| Sun, 23 Oct 2022 | R1.2t | R899.6b | R198.4b | 4.6x | 6.1x | 1.3x |
| Tue, 20 Sep 2022 | R1.1t | R893.1b | R197.4b | 5.1x | 5.7x | 1.3x |
| Thu, 18 Aug 2022 | R1.2t | R905.1b | R213.2b | 5.1x | 5.6x | 1.3x |
| Sat, 16 Jul 2022 | R1.1t | R945.9b | R248.3b | 4.1x | 4.5x | 1.2x |
| Mon, 13 Jun 2022 | R1.3t | R934.6b | R246.3b | 5.1x | 5.4x | 1.4x |
| Wed, 11 May 2022 | R1.4t | R936.8b | R246.2b | 4.8x | 5.5x | 1.5x |
| Fri, 08 Apr 2022 | R1.6t | R915.7b | R240.0b | 6.3x | 6.9x | 1.8x |
Price to Earnings Ratio
6.9x
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 30.0x.
- 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 48% per year over the last three years,
- Revenues have also declined 10% 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 | -0.17% | |
| Materials | 4.72% | |
| Metals and Mining | 5.29% | |
| Gold | 9.52% | |
| Precious Metals and Minerals | 3.77% | |
| Diversified Metals and Mining | 1.28% | |
| Copper | -2.56% | |
| Aluminum | -4.63% | |
| Steel | -6.29% | |
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 19.6%, 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 54% 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 growth to stay flat 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 | R405.42 | 7.0% +R23.9b | 33.4% | PE15.9x | |
| HAR Harmony Gold Mining | R266.49 | 15.4% +R22.1b | 68.7% | PE15.8x | |
| AMS Anglo American Platinum | R734.37 | 3.7% +R6.8b | -4.4% | PE27.3x | |
| SSW Sibanye Stillwater | R20.83 | 6.7% +R3.7b | -4.0% | PS0.5x | |
| IMP Impala Platinum Holdings | R125.92 | 3.2% +R3.5b | 60.8% | PS1.3x |
