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South African (JSE) Tech Sector Analysis

UpdatedApr 13, 2025
DataAggregated Company Financials
Companies10
  • 7D5.0%
  • 3M3.0%
  • 1Y54.7%
  • YTD5.1%

The Tech industry is up 5.0% in the last week, with Altron up 9.9%. In the last 12 months, the industry was up 55%. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Apr 2025R25.6bR128.3bR1.2b11.6x20.9x0.2x
Tue, 11 Mar 2025R23.6bR124.8bR1.4b10.7x16.7x0.2x
Thu, 06 Feb 2025R24.9bR126.3bR1.5b12x16.9x0.2x
Sat, 04 Jan 2025R25.0bR128.1bR1.3b13x19.7x0.2x
Mon, 02 Dec 2024R22.6bR124.1bR1.2b11.6x18.5x0.2x
Wed, 30 Oct 2024R21.1bR122.1bR971.9m14.3x21.7x0.2x
Fri, 27 Sep 2024R19.7bR122.3bR665.4m14.3x29.7x0.2x
Sun, 25 Aug 2024R19.3bR126.2bR922.2m9.4x20.9x0.2x
Tue, 23 Jul 2024R18.4bR129.1bR1.0b9.9x17.7x0.1x
Thu, 20 Jun 2024R18.2bR127.6bR1.0b10.3x17.6x0.1x
Sat, 18 May 2024R17.0bR130.8b-R741,194,497.5010.6x-22.9x0.1x
Mon, 15 Apr 2024R16.4bR134.8b-R761,055,657.0010x-21.6x0.1x
Wed, 13 Mar 2024R21.0bR136.5b-R598,434,845.0010x-35x0.2x
Fri, 09 Feb 2024R21.3bR139.6b-R606,491,945.009.8x-35.2x0.2x
Sun, 07 Jan 2024R24.3bR161.6bR63.6m9.7x381.8x0.2x
Tue, 05 Dec 2023R22.5bR162.2bR261.0m8.8x86.1x0.1x
Thu, 02 Nov 2023R21.9bR160.8bR187.1m9.6x116.8x0.1x
Sat, 30 Sep 2023R21.0bR149.3bR113.9m9.3x184.4x0.1x
Mon, 28 Aug 2023R21.6bR147.4bR96.8m9.1x222.8x0.1x
Wed, 26 Jul 2023R21.7bR142.0bR120.1m9.7x180.9x0.2x
Fri, 23 Jun 2023R22.5bR146.7b-R399,821,741.0010.4x-56.2x0.2x
Sun, 21 May 2023R22.4bR144.6bR1.1b12.2x21.3x0.2x
Tue, 18 Apr 2023R23.8bR138.8bR1.0b11.3x23.5x0.2x
Thu, 16 Mar 2023R24.3bR140.2bR1.1b11.2x21.4x0.2x
Sat, 11 Feb 2023R23.9bR137.1bR1.1b11.9x21x0.2x
Mon, 09 Jan 2023R23.2bR132.8bR1.1b13x21.8x0.2x
Wed, 07 Dec 2022R22.7bR133.9bR879.4m12.4x25.8x0.2x
Fri, 04 Nov 2022R26.2bR140.9bR909.6m12.2x28.8x0.2x
Sun, 02 Oct 2022R26.4bR139.0bR858.7m11x30.8x0.2x
Tue, 30 Aug 2022R26.9bR128.3bR1.3b12x20.9x0.2x
Thu, 28 Jul 2022R26.3bR128.2bR1.4b12.5x18.7x0.2x
Sat, 25 Jun 2022R24.1bR123.9bR1.4b14.2x16.9x0.2x
Mon, 23 May 2022R25.9bR119.9bR1.2b12.7x22.3x0.2x
Wed, 20 Apr 2022R25.7bR115.7bR1.2b13x22.3x0.2x
Price to Earnings Ratio

22.3x


Total Market Cap: R25.7bTotal Earnings: R1.2bTotal Revenue: R115.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Tech Sector Price to Earnings3Y Average 56.2x202320242025
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 at a PE ratio of 20.9x which is lower than its 3-year average PE of 56.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.17x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 2.0% per year over the last three years.
  • Revenues for these companies have grown 3.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

ZA Market5.78%
Tech5.03%
IT8.66%
Electronic Equipment and Components2.37%
Communications0%0
Tech Hardware0%0
Semiconductors0%0
Software-3.05%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 16% over the next 5 years.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 16% 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
AEL AltronR20.019.9%
+R687.8m		74.0%PE11.5x
DTC DatatecR55.202.4%
+R297.0m		56.4%PE11.6x
IOC iOCOR3.086.2%
+R113.5m		180.0%PE13.2x
PBG PBT GroupR6.5018.2%
+R100.0m		-0.8%PE10.2x
4SI 4Sight HoldingsR0.6811.5%
+R37.3m		-15.0%PE13.1x
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PBG

R6.50

PBT Group

7D

18.2%

1Y

-0.8%

IOC

R3.08

iOCO

7D

6.2%

1Y

180.0%

LAB

R0.07

Labat Africa

7D

16.7%

1Y

n/a

4SI

R0.68

4Sight Holdings

7D

11.5%

1Y

-15.0%

AEL

R20.01

Altron

7D

9.9%

1Y

74.0%

ISA

R1.91

ISA Holdings

7D

-3.0%

1Y

20.1%

DTC

R55.20

Datatec

7D

2.4%

1Y

56.4%