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South African (JSE) Tech Sector Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies12
  • 7D-3.3%
  • 3M7.4%
  • 1Y3.0%
  • YTD-0.2%

Over the last 7 days, the Tech industry has dropped 3.3%, driven by a pullback from MiX Telematics of 17%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 64% annually.

Sector Valuation and Performance

Has the South African Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024R20.5bR141.6b-R611,771,275.509.8x-33.6x0.1x
Mon, 22 Jan 2024R24.5bR163.6bR56.7m9.7x432.5x0.1x
Wed, 20 Dec 2023R23.5bR159.6bR76.2m9.2x308.1x0.1x
Fri, 17 Nov 2023R22.8bR158.8bR221.9m9.3x102.7x0.1x
Sun, 15 Oct 2023R21.6bR150.0bR109.9m9.5x196.4x0.1x
Tue, 12 Sep 2023R21.6bR148.7bR89.7m9.7x241x0.1x
Thu, 10 Aug 2023R21.1bR149.1bR74.6m9.9x282.3x0.1x
Sat, 08 Jul 2023R22.5bR148.4b-R408,888,421.0010.1x-55x0.2x
Mon, 05 Jun 2023R22.4bR151.0b-R237,873,275.009.7x-94.1x0.1x
Wed, 03 May 2023R23.7bR139.6bR1.0b12.6x23.3x0.2x
Fri, 31 Mar 2023R23.2bR136.6bR997.8m10.4x23.2x0.2x
Sun, 26 Feb 2023R23.8bR139.5bR1.2b11.1x20.6x0.2x
Tue, 24 Jan 2023R23.7bR133.3bR1.1b13.2x22x0.2x
Thu, 22 Dec 2022R23.2bR133.3bR1.1b13.1x21.7x0.2x
Sat, 19 Nov 2022R25.7bR133.2bR927.2m11.3x27.8x0.2x
Mon, 17 Oct 2022R25.8bR140.2bR868.3m10.8x29.7x0.2x
Wed, 14 Sep 2022R26.6bR129.5bR1.3b11.7x20.5x0.2x
Fri, 12 Aug 2022R27.2bR125.5bR1.3b12.1x21.5x0.2x
Sun, 10 Jul 2022R26.2bR128.3bR1.4b14.7x18.7x0.2x
Tue, 07 Jun 2022R25.2bR121.5bR1.5b13.7x16.8x0.2x
Thu, 05 May 2022R26.2bR119.6bR1.2b13x22.4x0.2x
Sat, 02 Apr 2022R25.7bR108.1bR1.3b13.7x20.3x0.2x
Mon, 28 Feb 2022R25.7bR107.6bR1.1b13.4x23.4x0.2x
Wed, 26 Jan 2022R25.9bR107.9bR1.2b13.5x21.9x0.2x
Fri, 24 Dec 2021R26.1bR110.4bR1.4b12.5x18.4x0.2x
Sun, 21 Nov 2021R26.3bR110.3bR1.4b12.8x18.9x0.2x
Tue, 19 Oct 2021R26.8bR109.1bR647.9m12x41.3x0.2x
Thu, 16 Sep 2021R25.0bR111.0bR503.7m10.6x49.6x0.2x
Sat, 14 Aug 2021R24.3bR111.0bR363.0m10x66.9x0.2x
Wed, 09 Jun 2021R25.4bR110.5bR293.5m10x86.6x0.2x
Tue, 02 Mar 2021R24.2bR110.2bR50.0m9.5x483.7x0.2x
Price to Earnings Ratio

483.7x


Total Market Cap: R24.2bTotal Earnings: R50.0mTotal Revenue: R110.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Tech Sector Price to Earnings3Y Average 84.1x202220232024
Current Industry PE
  • Investors are pessimistic on the South African Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading close to its 3-year average PS ratio of 0.19x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 8.7% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the South African Tech sector?

ZA Market0.078%
Tech-3.30%
Electronic Equipment and Components3.72%
Semiconductors0%
IT-4.24%
Tech Hardware-8.62%
Software-15.79%
Communications-50.00%
Industry PE
  • Investors are most optimistic about the Software industry, which is trading close to its 3-year average PE ratio of 24.0x.
    • Analysts are expecting annual earnings growth of 44.5%, which is higher than its past year's earnings growth of 12.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 71% over the next 5 years.
  • In contrast, the Software industry is expected to see its earnings grow by 44% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DTC DatatecR40.983.7%
+R333.7m
22.9%PS0.09x
MFL Metrofile HoldingsR2.691.5%
+R17.3m
-10.3%PE8.5x
AYO AYO Technology SolutionsR0.707.7%
+R17.2m
-78.8%PS0.1x
PBG PBT GroupR6.560.2%
+R1.0m
-21.4%PE9.8x
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Latest News

SEB

R1.82

Sebata Holdings

7D

-23.8%

1Y

-32.6%

4SI

R0.85

4Sight Holdings

7D

-11.5%

1Y

203.6%

ELI

R0.01

Ellies Holdings

7D

-50.0%

1Y

-92.9%

MST

R11.23

Mustek

7D

-8.6%

1Y

-29.8%

MIX

R5.83

MiX Telematics

7D

-16.7%

1Y

1.4%

AYO

R0.70

AYO Technology Solutions

7D

7.7%

1Y

-78.8%

DTC

R40.98

Datatec

7D

3.7%

1Y

22.9%

PBG

R6.56

PBT Group

7D

0.2%

1Y

-21.4%

AEL

R9.80

Altron

7D

-3.9%

1Y

16.8%