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South African (JSE) Tech Sector Analysis

UpdatedDec 08, 2022
DataAggregated Company Financials
Companies16
  • 7D-0.04%
  • 3M-11.7%
  • 1Y-8.6%
  • YTD-12.2%

Last week, the Tech industry hasn't moved much but Metrofile Holdings is up 15% in that time. Unfortunately though, the industry is down 8.6% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Dec 2022R22.8bR133.3bR874.9m12.6x26x0.2x
Sat, 05 Nov 2022R26.4bR143.2bR834.9m12x31.6x0.2x
Mon, 03 Oct 2022R26.4bR139.0bR858.7m11x30.8x0.2x
Wed, 31 Aug 2022R26.8bR128.7bR1.3b11.4x20.8x0.2x
Fri, 29 Jul 2022R26.3bR128.2bR1.4b12.5x18.7x0.2x
Sun, 26 Jun 2022R24.1bR123.9bR1.4b14.2x16.9x0.2x
Tue, 24 May 2022R26.2bR119.0bR1.2b12.6x22.7x0.2x
Thu, 21 Apr 2022R26.0bR116.3bR1.2b13.2x22.5x0.2x
Sat, 19 Mar 2022R26.1bR111.0bR1.3b13.3x19.5x0.2x
Mon, 14 Feb 2022R26.2bR107.1bR1.1b13.9x23.9x0.2x
Wed, 12 Jan 2022R26.4bR109.1bR1.2b13.9x22.3x0.2x
Fri, 10 Dec 2021R25.5bR111.9bR1.5b11.2x17.2x0.2x
Sun, 07 Nov 2021R27.2bR107.5bR1.4b12.9x19.8x0.3x
Tue, 05 Oct 2021R26.5bR110.6bR654.6m10x40.4x0.2x
Thu, 02 Sep 2021R24.4bR111.0bR363.0m10x67.3x0.2x
Sat, 31 Jul 2021R22.8bR111.0bR363.0m10.5x62.8x0.2x
Tue, 04 May 2021R24.5bR110.5bR293.5m10.5x83.4x0.2x
Fri, 05 Feb 2021R24.1bR112.0bR298.9m10.4x80.7x0.2x
Mon, 09 Nov 2020R24.0bR132.0bR21.4m9.1x1120.6x0.2x
Sun, 02 Aug 2020R23.3bR134.7b-R330,279,937.249.2x-70.5x0.2x
Wed, 06 May 2020R21.8bR116.9b-R1,833,518,649.505.9x-11.9x0.2x
Sat, 08 Feb 2020R28.0bR120.4b-R1,078,219,867.066.5x-26x0.2x
Price to Earnings Ratio

-15x


Total Market Cap: R29.3bTotal Earnings: -R1,955,767,867.06Total Revenue: R120.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Tech Sector Price to Earnings3Y Average 56.7x20212022
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 26.0x which is lower than its 3-year average PE of 56.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.21x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 3.3% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

ZA Market-2.22%
Tech-0.04%
Semiconductors10.00%
Software3.81%
Tech Hardware2.63%
IT-0.10%
Electronic Equipment and Components-1.42%
Communications-3.18%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 19.6x.
    • Analysts are expecting annual earnings growth of 56.9%, which is higher than its past year's earnings decline of 29.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings decline of 29% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings decline by 7.2% 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
MFL Metrofile HoldingsR3.5015.1%
+R199.5m
12.9%PE11.4x
MIX MiX TelematicsR5.384.5%
+R127.3m
-27.1%PE48.3x
EOH EOH HoldingsR3.943.7%
+R23.6m
-38.3%PS0.1x
MST MustekR14.842.6%
+R22.4m
12.3%PE4x
LAB Labat AfricaR0.1110.0%
+R5.8m
-68.6%PS2.1x
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Latest News

MFL

R3.50

Metrofile Holdings

7D

15.1%

1Y

12.9%

MIX

R5.38

MiX Telematics

7D

4.5%

1Y

-27.1%

4SI

R0.25

4Sight Holdings

7D

-7.4%

1Y

8.7%

PBG

R9.80

PBT Group

7D

0.6%

1Y

24.1%

CTA

R1.40

Capital Appreciation

7D

-1.4%

1Y

-9.7%

DTC

R30.00

Datatec

7D

-1.7%

1Y

-19.6%

ISA

R1.23

ISA Holdings

7D

-4.7%

1Y

39.8%

LAB

R0.11

Labat Africa

7D

10.0%

1Y

-68.6%

SEB

R2.25

Sebata Holdings

7D

-9.3%

1Y

-10.0%

MST

R14.84

Mustek

7D

2.6%

1Y

12.3%

ELI

R0.14

Ellies Holdings

7D

-6.7%

1Y

-68.2%

EOH

R3.94

EOH Holdings

7D

3.7%

1Y

-38.3%

AEL

R9.10

Altron

7D

-4.2%

1Y

-7.6%

AVV

R24.30

Alviva Holdings

7D

-0.7%

1Y

52.1%