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South African (JSE) Tech Sector Analysis

UpdatedDec 23, 2024
DataAggregated Company Financials
Companies10
  • 7D-0.1%
  • 3M20.7%
  • 1Y34.6%
  • YTD34.1%

In the last week, the Tech industry is flat overall, with iOCO standing out by going down 4.0%. The past year has been better, since the industry has gained 35% in that time.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Dec 2024R23.2bR125.6bR1.2b12.2x18.7x0.2x
Thu, 21 Nov 2024R21.7bR124.5bR1.2b11.5x17.7x0.2x
Sat, 19 Oct 2024R20.0bR124.7bR684.9m15.8x29.2x0.2x
Mon, 16 Sep 2024R18.8bR126.4bR923.9m9.9x20.3x0.1x
Wed, 14 Aug 2024R18.4bR128.4bR940.7m9.5x19.6x0.1x
Fri, 12 Jul 2024R18.4bR127.8bR1.0b10.2x17.9x0.1x
Sun, 09 Jun 2024R17.9bR132.5bR1.1b10x16.7x0.1x
Tue, 07 May 2024R16.8bR132.6b-R749,878,871.009.9x-22.4x0.1x
Thu, 04 Apr 2024R22.8bR136.4b-R651,966,817.509.8x-34.9x0.2x
Sat, 02 Mar 2024R21.4bR140.5b-R607,737,563.509.8x-35.2x0.2x
Mon, 29 Jan 2024R24.9bR162.2bR61.6m10.3x404.2x0.2x
Wed, 27 Dec 2023R23.6bR160.4bR67.9m9.3x347.3x0.1x
Fri, 24 Nov 2023R22.3bR162.0bR213.2m9x104.6x0.1x
Sun, 22 Oct 2023R21.6bR156.1bR23.9m9.4x906.4x0.1x
Tue, 19 Sep 2023R21.1bR149.5bR89.6m9.8x235.9x0.1x
Thu, 17 Aug 2023R21.4bR149.8bR83.2m9.3x256.7x0.1x
Sat, 15 Jul 2023R21.9bR144.5b-R386,469,743.0010.2x-56.6x0.2x
Mon, 12 Jun 2023R22.9bR147.0b-R314,670,907.0010.1x-72.6x0.2x
Wed, 10 May 2023R22.6bR140.3bR1.0b12.4x22.1x0.2x
Fri, 07 Apr 2023R24.3bR138.4bR1.0b11.6x24x0.2x
Sun, 05 Mar 2023R24.9bR138.0bR1.1b10.9x21.7x0.2x
Tue, 31 Jan 2023R23.7bR134.2bR1.1b12.3x21.1x0.2x
Thu, 29 Dec 2022R22.9bR133.0bR1.1b13x21.5x0.2x
Sat, 26 Nov 2022R25.5bR132.6bR923.2m12.3x27.6x0.2x
Mon, 24 Oct 2022R25.6bR140.0bR854.2m11.1x30x0.2x
Wed, 21 Sep 2022R26.8bR133.0bR723.0m11.7x37.1x0.2x
Fri, 19 Aug 2022R27.4bR128.1bR1.3b12.8x21.3x0.2x
Sun, 17 Jul 2022R25.9bR129.3bR1.4b13.5x18.3x0.2x
Tue, 14 Jun 2022R24.5bR125.2bR1.4b13.5x17x0.2x
Thu, 12 May 2022R25.4bR120.8bR1.2b13x21.6x0.2x
Sat, 09 Apr 2022R25.8bR108.1bR1.3b13.8x20.4x0.2x
Mon, 07 Mar 2022R25.4bR113.0bR1.3b13.2x18.8x0.2x
Wed, 02 Feb 2022R26.0bR108.0bR1.2b14.1x22.1x0.2x
Fri, 31 Dec 2021R26.6bR111.6bR1.3b13.1x21.3x0.2x
Price to Earnings Ratio

21.3x


Total Market Cap: R26.6bTotal Earnings: R1.3bTotal Revenue: R111.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Tech Sector Price to Earnings3Y Average 56.7x202220232024
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 18.7x 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 0.17x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.0% 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 and as a result, profits have held steady.

Industry Trends

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

ZA Market-2.74%
Tech-0.10%
IT0.34%
Communications0%
Semiconductors0%
Electronic Equipment and Components-0.40%
Tech Hardware-0.63%
Software-5.26%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 2.4x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Software industry, which is trading below its 3-year average of 23.0x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
AEL AltronR21.582.8%
+R220.4m		126.9%PE12.4x
DTC DatatecR45.130.8%
+R81.2m		11.7%PE9.8x
MST MustekR15.900.7%
+R6.0m		24.3%PE40.2x
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