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South African (JSE) Telecom Services and Carriers Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies4
  • 7D-1.9%
  • 3M8.1%
  • 1Y63.7%
  • YTD-4.6%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.9%, driven by Telkom SA SOC declining 3.6%. In the past year, the industry has gained 64%. Looking forward, earnings are forecast to decline by 1.2% per year.

Industry Valuation and Performance

Has the South African Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026R37.7bR58.8bR6.0b8.1x6.3x0.6x
Wed, 07 Jan 2026R39.3bR58.8bR6.0b8.4x6.6x0.7x
Fri, 05 Dec 2025R34.8bR58.8bR6.0b7.2x5.8x0.6x
Sun, 02 Nov 2025R35.7bR58.0bR5.2b8.7x6.9x0.6x
Tue, 30 Sep 2025R35.7bR58.0bR5.2b8.9x6.9x0.6x
Thu, 28 Aug 2025R37.2bR58.4bR5.2b9x7.1x0.6x
Sat, 26 Jul 2025R43.1bR58.2bR3.4b21.9x12.9x0.7x
Mon, 23 Jun 2025R35.0bR58.2bR3.4b19.5x10.4x0.6x
Wed, 21 May 2025R28.7bR57.3bR2.2b13.5x13.1x0.5x
Fri, 18 Apr 2025R25.5bR57.3bR2.2b11.4x11.6x0.4x
Sun, 16 Mar 2025R24.1bR57.3bR2.2b10.9x11x0.4x
Tue, 11 Feb 2025R24.3bR57.6bR2.2b10.5x11x0.4x
Thu, 09 Jan 2025R21.6bR57.6bR2.2b9.7x9.8x0.4x
Sat, 07 Dec 2024R23.0bR57.6bR2.2b10.1x10.4x0.4x
Mon, 04 Nov 2024R18.8bR57.0bR2.1b9.5x8.8x0.3x
Wed, 02 Oct 2024R18.0bR57.0bR2.1b9.6x8.4x0.3x
Fri, 30 Aug 2024R19.1bR59.2bR2.2b9.8x8.5x0.3x
Sun, 28 Jul 2024R15.9bR59.2bR2.2b9.1x7.1x0.3x
Tue, 25 Jun 2024R15.8bR59.2bR2.2b9.5x7.1x0.3x
Thu, 23 May 2024R16.6bR60.4b-R8,873,611,326.0017.1x-1.9x0.3x
Sat, 20 Apr 2024R16.6bR60.4b-R8,873,611,326.0016x-1.9x0.3x
Mon, 18 Mar 2024R16.7bR60.4b-R8,874,561,582.0015.9x-1.9x0.3x
Wed, 14 Feb 2024R17.1bR62.6b-R9,357,802,582.0017.1x-1.8x0.3x
Fri, 12 Jan 2024R18.8bR62.6b-R9,357,802,582.0017.3x-2x0.3x
Sun, 10 Dec 2023R16.6bR62.6b-R9,357,802,582.0017.2x-1.8x0.3x
Tue, 07 Nov 2023R15.1bR62.1b-R9,612,978,582.0016.6x-1.6x0.2x
Thu, 05 Oct 2023R14.2bR62.1b-R9,614,331,844.0017.1x-1.5x0.2x
Sat, 02 Sep 2023R16.3bR61.7b-R9,504,797,687.005.4x-1.7x0.3x
Mon, 31 Jul 2023R17.7bR61.7b-R9,504,797,687.006x-1.9x0.3x
Wed, 28 Jun 2023R18.8bR62.1b-R9,504,797,687.006.4x-2x0.3x
Fri, 26 May 2023R17.1bR61.2bR2.4b6.8x7.1x0.3x
Sun, 23 Apr 2023R21.0bR61.2bR2.4b8.6x8.7x0.3x
Tue, 21 Mar 2023R21.0bR61.2bR2.4b8.3x8.7x0.3x
Thu, 16 Feb 2023R23.0bR60.5bR3.0b4.8x7.7x0.4x
Price to Earnings Ratio

7.7x


Total Market Cap: R23.0bTotal Earnings: R3.0bTotal Revenue: R60.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Telecom Services and Carriers Industry Price to Earnings3Y Average 5.4x202420252026
Current Industry PE
  • Investors are optimistic on the South African Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 6.3x which is higher than its 3-year average PE of 5.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.40x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 26% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

ZA Market-0.47%
Telecom1.71%
Telecom Services and Carriers-1.92%
Alternative Carriers10.16%
Integrated Telecom Services-2.02%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 5.4x.
    • Analysts are expecting annual earnings decline of 1.2%, which is lower than the prior year's growth of 208.4% per year.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Integrated Telecom Services industry since they expect its earnings to decline by only 1.2% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 208% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BLU Blu Label Unlimited GroupR9.893.2%
+R278.7m		53.8%PE3.6x
TLM TeleMasters HoldingsR1.97116.5%
+R60.0m		107.4%PE211x

Latest News

TLM
R1.97
TeleMasters Holdings
7D
116.5%
1Y
107.4%
TKG
R57.00
Telkom SA SOC
7D
-3.6%
1Y
69.0%

TKG: Higher Required Return And Lower Margins Will Pressure Future Upside

Analysts have revised their fair value estimate for Telkom SA SOC from R45 to R51, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E levels. Valuation Changes The Fair Value Estimate was increased from ZAR45 to ZAR51, reflecting a higher assessed equity value per share.
HUG
R1.28
Huge Group
7D
-11.7%
1Y
-36.0%
BLU
R9.89
Blu Label Unlimited Group
7D
3.2%
1Y
53.8%