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South African (JSE) IT Industry Analysis

UpdatedJul 17, 2025
DataAggregated Company Financials
Companies7
  • 7D-2.4%
  • 3M13.7%
  • 1Y44.3%
  • YTD7.8%

Over the last 7 days, the IT industry has dropped 2.4%, driven by a pullback from Altron of 5.3%. In the past year, the industry has gained 44%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

Has the South African IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 17 Jul 2025R13.0bR20.2bR20.0m11.5x652.4x0.6x
Sat, 14 Jun 2025R12.3bR20.2bR7.3m13.5x1698.5x0.6x
Mon, 12 May 2025R12.8bR19.0bR112.2m13.3x113.6x0.7x
Wed, 09 Apr 2025R11.3bR19.0bR112.2m11.3x101x0.6x
Fri, 07 Mar 2025R11.3bR19.4bR344.3m11.5x33x0.6x
Sun, 02 Feb 2025R11.8bR19.4bR355.3m12.9x33.3x0.6x
Tue, 31 Dec 2024R11.6bR19.7bR130.6m12.8x88.5x0.6x
Thu, 28 Nov 2024R11.3bR19.7bR131.3m12.4x86.1x0.6x
Sat, 26 Oct 2024R10.4bR19.8b-R97,728,289.0015.4x-106x0.5x
Mon, 23 Sep 2024R9.6bR19.9b-R172,648,289.0014.2x-55.6x0.5x
Wed, 21 Aug 2024R10.1bR20.0b-R61,141,289.0011.4x-164.7x0.5x
Fri, 19 Jul 2024R8.9bR19.9bR31.7m11.4x281.5x0.4x
Sun, 16 Jun 2024R8.5bR20.0bR36.0m10.3x234.9x0.4x
Tue, 14 May 2024R7.8bR21.4b-R419,068,660.0012.1x-18.6x0.4x
Thu, 11 Apr 2024R7.6bR21.4b-R419,068,660.0012.5x-18.1x0.4x
Sat, 09 Mar 2024R7.7bR21.5b-R366,699,660.0012.5x-21x0.4x
Mon, 05 Feb 2024R7.6bR21.3b-R358,480,085.0013.7x-21.1x0.4x
Wed, 03 Jan 2024R7.3bR21.3b-R358,480,085.009.9x-20.2x0.3x
Fri, 01 Dec 2023R7.4bR21.0b-R158,367,034.009.6x-46.6x0.4x
Sun, 29 Oct 2023R6.5bR20.8b-R158,367,034.0010.2x-41x0.3x
Tue, 26 Sep 2023R5.9bR14.6b-R71,823,034.0010.4x-81.7x0.4x
Thu, 24 Aug 2023R6.1bR14.6b-R76,018,034.0010.2x-80.2x0.4x
Sat, 22 Jul 2023R6.3bR14.4b-R87,939,425.0010.2x-71.7x0.4x
Mon, 19 Jun 2023R6.2bR14.4b-R580,344,109.0010.8x-10.7x0.4x
Wed, 17 May 2023R6.5bR13.4b-R387,675,109.0011x-16.7x0.5x
Fri, 14 Apr 2023R7.6bR13.3b-R387,033,145.0010.8x-19.5x0.6x
Sun, 12 Mar 2023R9.0bR14.2b-R276,865,145.0010.6x-32.7x0.6x
Tue, 07 Feb 2023R8.7bR14.1b-R276,996,145.0011.1x-31.5x0.6x
Thu, 05 Jan 2023R8.8bR14.1b-R276,996,145.0013.5x-31.7x0.6x
Sat, 03 Dec 2022R8.9bR14.1b-R477,352,145.0013.2x-18.5x0.6x
Mon, 31 Oct 2022R9.0bR19.9b-R593,519,169.0010.7x-15.2x0.5x
Wed, 28 Sep 2022R9.8bR19.3b-R653,723,047.0011.4x-15x0.5x
Fri, 26 Aug 2022R10.2bR19.2b-R165,623,047.0011.8x-61.5x0.5x
Sun, 24 Jul 2022R9.7bR19.2b-R165,623,047.0013x-58.8x0.5x
Price to Earnings Ratio

-58.8x


Total Market Cap: R9.7bTotal Earnings: -R165,623,047.00Total Revenue: R19.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African IT Industry Price to Earnings3Y Average 50.3x202320242025
Current Industry PE
  • Investors are optimistic on the South African IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 652x which is higher than its 3-year average PE of 50.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
  • Total earnings for the IT industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

ZA Market-0.57%
Tech-1.94%
IT-2.35%
Data Processing Services0%0
IT Consulting-2.35%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 54.0x.
    • Analysts are expecting annual earnings growth of 13.3%, which is lower than the prior year's growth of 41.8% per year.
  • Investors are most pessimistic about the IT Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 54.0x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 42% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 13% 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
IOC iOCOR4.394.5%
+R119.8m
186.9%PE18.8x
MFL Metrofile HoldingsR2.703.4%
+R38.0m
12.0%PS1x
PBG PBT GroupR6.145.0%
+R29.0m
-1.9%PE9.5x
AYO AYO Technology SolutionsR0.398.3%
+R9.8m
-25.0%PS0.08x

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