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South African (JSE) IT Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies7
- 7D2.2%
- 3M14.1%
- 1Y51.7%
- YTD58.3%
In the last week, the IT industry is up 2.2%, with Metrofile Holdings up 19%. This means that the industry has gained 52% over the past year.
Industry Valuation and Performance
Has the South African IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | R11.4b | R19.7b | R131.3m | 12.6x | 87.1x | 0.6x |
| Fri, 18 Oct 2024 | R10.7b | R19.9b | -R172,648,289.00 | 16.3x | -61.8x | 0.5x |
| Sun, 15 Sep 2024 | R9.7b | R20.0b | -R61,141,289.00 | 11.2x | -158.6x | 0.5x |
| Tue, 13 Aug 2024 | R9.3b | R20.0b | -R61,141,289.00 | 11.3x | -152.2x | 0.5x |
| Thu, 11 Jul 2024 | R9.2b | R19.9b | R31.7m | 11.7x | 291.2x | 0.5x |
| Sat, 08 Jun 2024 | R8.4b | R20.0b | R36.0m | 10.4x | 232.7x | 0.4x |
| Mon, 06 May 2024 | R7.5b | R21.4b | -R419,068,660.00 | 11.8x | -17.9x | 0.4x |
| Wed, 03 Apr 2024 | R7.7b | R21.4b | -R420,995,660.00 | 12.2x | -18.2x | 0.4x |
| Fri, 01 Mar 2024 | R7.3b | R21.5b | -R356,907,660.00 | 11.8x | -20.4x | 0.3x |
| Sun, 28 Jan 2024 | R7.5b | R21.3b | -R358,480,085.00 | 12.1x | -20.9x | 0.4x |
| Tue, 26 Dec 2023 | R7.0b | R21.3b | -R358,480,085.00 | 9.6x | -19.5x | 0.3x |
| Thu, 23 Nov 2023 | R7.4b | R21.0b | -R158,367,034.00 | 10x | -46.5x | 0.3x |
| Sat, 21 Oct 2023 | R6.0b | R20.8b | -R158,367,034.00 | 10.6x | -38.1x | 0.3x |
| Mon, 18 Sep 2023 | R6.1b | R14.6b | -R71,823,034.00 | 10.4x | -84.7x | 0.4x |
| Wed, 16 Aug 2023 | R5.9b | R14.4b | -R87,939,425.00 | 11.3x | -67.5x | 0.4x |
| Fri, 14 Jul 2023 | R6.2b | R14.4b | -R579,576,425.00 | 10x | -10.7x | 0.4x |
| Sun, 11 Jun 2023 | R6.5b | R13.6b | -R488,589,109.00 | 10.3x | -13.2x | 0.5x |
| Tue, 09 May 2023 | R7.6b | R13.4b | -R387,675,109.00 | 11.9x | -19.5x | 0.6x |
| Thu, 06 Apr 2023 | R7.5b | R13.3b | -R387,033,145.00 | 10.8x | -19.4x | 0.6x |
| Sat, 04 Mar 2023 | R8.9b | R14.1b | -R276,996,145.00 | 10.6x | -32.3x | 0.6x |
| Mon, 30 Jan 2023 | R8.9b | R14.1b | -R276,996,145.00 | 12.4x | -32.1x | 0.6x |
| Wed, 28 Dec 2022 | R8.9b | R14.1b | -R276,996,145.00 | 13.1x | -32.2x | 0.6x |
| Fri, 25 Nov 2022 | R9.1b | R13.8b | -R426,804,169.00 | 10.7x | -21.2x | 0.7x |
| Sun, 23 Oct 2022 | R9.3b | R19.4b | -R643,839,169.00 | 11.1x | -14.5x | 0.5x |
| Tue, 20 Sep 2022 | R10.1b | R19.3b | -R653,723,047.00 | 12x | -15.5x | 0.5x |
| Thu, 18 Aug 2022 | R10.3b | R19.2b | -R165,623,047.00 | 12.8x | -62.5x | 0.5x |
| Sat, 16 Jul 2022 | R9.4b | R19.2b | -R165,623,047.00 | 12.3x | -56.7x | 0.5x |
| Mon, 13 Jun 2022 | R9.9b | R19.1b | -R178,226,281.00 | 13.9x | -55.5x | 0.5x |
| Wed, 11 May 2022 | R9.7b | R18.6b | -R79,462,281.00 | 12.2x | -121.4x | 0.5x |
| Fri, 08 Apr 2022 | R9.3b | R12.3b | R37.6m | 13.8x | 247.8x | 0.8x |
| Sun, 06 Mar 2022 | R9.1b | R12.3b | R37.6m | 13.8x | 242.1x | 0.7x |
| Tue, 01 Feb 2022 | R9.2b | R12.3b | R37.6m | 14.2x | 243.8x | 0.7x |
| Thu, 30 Dec 2021 | R9.1b | R13.0b | R91.6m | 13.5x | 99x | 0.7x |
| Sat, 27 Nov 2021 | R9.5b | R12.8b | R215.7m | 16.6x | 44.2x | 0.7x |
Price to Earnings Ratio
44.2x
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 87.1x which is higher than its 3-year average PE of 0.86x.
- The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 15% per year over the last three years.
- Meanwhile revenues for these companies have grown 16% 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 industry?
| ZA Market | 0.33% | |
| Tech | 2.64% | |
| IT | 2.25% | |
| IT Consulting | 2.25% | |
| Internet Services and Infrastructure | 0% | |
| Data Processing Services | 0% | |
Industry PE
- Investors are most optimistic about the IT Consulting 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.
- 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.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PBG PBT Group | R5.80 | 4.5% +R25.3m | -23.7% | PE9.1x |