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South African (JSE) Metals and Mining Industry Analysis
UpdatedJul 17, 2025
DataAggregated Company Financials
Companies18
- 7D2.3%
- 3M5.8%
- 1Y32.1%
- YTD55.1%
In the last week, the Metals and Mining industry is up 2.3%, with Sibanye Stillwater up 15%. This takes the industry's 12 month performance to a gain of 32%. Looking forward, earnings are forecast to grow by 39% 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 |
|---|---|---|---|---|---|---|
| Thu, 17 Jul 2025 | R1.3t | R657.1b | R30.6b | 7.4x | 41x | 1.9x |
| Sat, 14 Jun 2025 | R1.2t | R657.6b | R30.8b | 7.7x | 38.8x | 1.8x |
| Mon, 12 May 2025 | R1.1t | R661.2b | R31.8b | 6.7x | 33.7x | 1.6x |
| Wed, 09 Apr 2025 | R1.0t | R671.2b | R35.0b | 6.5x | 28.9x | 1.5x |
| Fri, 07 Mar 2025 | R970.3b | R661.5b | R33.3b | 9.3x | 29.1x | 1.5x |
| Sun, 02 Feb 2025 | R959.7b | R662.1b | -R12,804,531,943.42 | 10.1x | -74.9x | 1.4x |
| Tue, 31 Dec 2024 | R772.4b | R662.9b | -R12,701,516,676.76 | 9.3x | -60.8x | 1.2x |
| Thu, 28 Nov 2024 | R846.6b | R658.7b | -R13,344,763,545.04 | 10x | -63.4x | 1.3x |
| Sat, 26 Oct 2024 | R997.9b | R655.8b | -R13,736,455,440.59 | 11.5x | -72.6x | 1.5x |
| Mon, 23 Sep 2024 | R849.0b | R655.1b | -R14,941,592,618.23 | 11.4x | -56.8x | 1.3x |
| Wed, 21 Aug 2024 | R949.2b | R670.9b | R8.4b | 5.7x | 113.5x | 1.4x |
| Fri, 19 Jul 2024 | R941.6b | R689.0b | R13.8b | 5.9x | 68.1x | 1.4x |
| Sun, 16 Jun 2024 | R846.9b | R689.7b | R13.9b | 6.3x | 60.8x | 1.2x |
| Tue, 14 May 2024 | R1.0t | R688.9b | R14.2b | 7.4x | 72.4x | 1.5x |
| Thu, 11 Apr 2024 | R1.0t | R691.2b | R14.5b | 6.9x | 70.9x | 1.5x |
| Sat, 09 Mar 2024 | R926.3b | R693.8b | R17.1b | 6x | 54.3x | 1.3x |
| Mon, 05 Feb 2024 | R982.5b | R732.5b | R93.1b | 7.4x | 10.5x | 1.3x |
| Wed, 03 Jan 2024 | R1.1t | R730.5b | R92.9b | 8.2x | 11.3x | 1.4x |
| Fri, 01 Dec 2023 | R993.8b | R733.0b | R93.8b | 7.6x | 10.6x | 1.4x |
| Sun, 29 Oct 2023 | R873.9b | R732.8b | R93.8b | 7x | 9.3x | 1.2x |
| Tue, 26 Sep 2023 | R1.0t | R817.3b | R95.3b | 9.1x | 10.9x | 1.3x |
| Thu, 24 Aug 2023 | R1.0t | R838.1b | R137.0b | 4.5x | 7.4x | 1.2x |
| Sat, 22 Jul 2023 | R1.2t | R860.5b | R166.6b | 4.5x | 7.3x | 1.4x |
| Mon, 19 Jun 2023 | R1.3t | R870.7b | R175.4b | 4.8x | 7.6x | 1.5x |
| Wed, 17 May 2023 | R1.4t | R891.7b | R183.0b | 4.9x | 7.7x | 1.6x |
| Fri, 14 Apr 2023 | R1.4t | R862.1b | R169.5b | 5.1x | 8.2x | 1.6x |
| Sun, 12 Mar 2023 | R1.2t | R858.7b | R167.9b | 4.6x | 7x | 1.4x |
| Tue, 07 Feb 2023 | R1.4t | R896.4b | R198.2b | 5.4x | 6.8x | 1.5x |
| Thu, 05 Jan 2023 | R1.4t | R887.9b | R196.5b | 5.6x | 7.2x | 1.6x |
| Sat, 03 Dec 2022 | R1.4t | R892.6b | R197.2b | 5.5x | 7.3x | 1.6x |
| Mon, 31 Oct 2022 | R1.2t | R899.3b | R198.3b | 5x | 6.2x | 1.4x |
| Wed, 28 Sep 2022 | R1.1t | R896.1b | R198.0b | 4.9x | 5.5x | 1.2x |
| Fri, 26 Aug 2022 | R1.2t | R910.4b | R215.5b | 5.2x | 5.6x | 1.3x |
| Sun, 24 Jul 2022 | R1.2t | R943.9b | R247.9b | 4x | 4.7x | 1.2x |
Price to Earnings Ratio
4.7x
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 41.0x which is higher than its 3-year average PE of 33.0x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 50% 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 | -0.57% | |
| Materials | 1.97% | |
| Metals and Mining | 2.35% | |
| Aluminum | 7.76% | |
| Precious Metals and Minerals | 5.69% | |
| Diversified Metals and Mining | 4.63% | |
| Copper | 2.10% | |
| Steel | -0.46% | |
| Gold | -0.70% | |
Industry PE
- Investors are most optimistic about the Gold industry, which is trading close to its 3-year average PE ratio of 17.8x.
- Analysts are expecting annual earnings growth of 34.2%, 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 53% over the next 5 years.
- This is better than its past earnings decline of 35% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 5.1% 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 | |
|---|---|---|---|---|---|
| SSW Sibanye Stillwater | R39.11 | 12.1% +R11.9b | 86.8% | PS1x | |
| GFI Gold Fields | R428.59 | 1.8% +R6.9b | 40.1% | PE17.2x | |
| NPH Northam Platinum Holdings | R214.14 | 8.8% +R6.8b | 66.8% | PE55.5x | |
| IMP Impala Platinum Holdings | R173.60 | 1.5% +R2.3b | 87.1% | PS1.8x | |
| VAL Valterra Platinum | R837.58 | 0.7% +R1.4b | 37.5% | PE31.2x |
