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South African (JSE) Telecom Services and Carriers Industry Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies4
  • 7D-1.6%
  • 3M4.2%
  • 1Y52.0%
  • YTD-6.2%

In the last week, the Telecom Services and Carriers industry is up 3.5%, with Huge Group up 15%. This means that the industry has gained 55% over the past year. In the next few years, earnings are forecast to decline by 1.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026R37.1bR58.8bR6.0b7.9x6.2x0.6x
Wed, 14 Jan 2026R39.8bR58.8bR6.0b8.6x6.7x0.7x
Fri, 12 Dec 2025R36.2bR58.8bR6.0b7.5x6.1x0.6x
Sun, 09 Nov 2025R34.9bR58.0bR5.2b8.4x6.7x0.6x
Tue, 07 Oct 2025R38.2bR58.0bR5.2b9.6x7.4x0.7x
Thu, 04 Sep 2025R36.2bR58.0bR5.2b8.8x7x0.6x
Sat, 02 Aug 2025R44.1bR58.2bR3.4b22.7x13.2x0.8x
Mon, 30 Jun 2025R39.3bR58.2bR3.4b20x11.7x0.7x
Wed, 28 May 2025R29.5bR57.3bR2.2b14.2x13.5x0.5x
Fri, 25 Apr 2025R26.6bR57.3bR2.2b12.1x12.1x0.5x
Sun, 23 Mar 2025R25.2bR57.3bR2.2b11.4x11.5x0.4x
Tue, 18 Feb 2025R24.3bR57.6bR2.2b10.6x11x0.4x
Thu, 16 Jan 2025R21.4bR57.6bR2.2b9.7x9.7x0.4x
Sat, 14 Dec 2024R23.2bR57.6bR2.2b10.3x10.5x0.4x
Mon, 11 Nov 2024R18.5bR57.0bR2.1b8.8x8.7x0.3x
Wed, 09 Oct 2024R18.5bR57.0bR2.1b10x8.7x0.3x
Fri, 06 Sep 2024R18.2bR57.0bR2.1b9.5x8.5x0.3x
Sun, 04 Aug 2024R15.7bR59.2bR2.2b9.3x7x0.3x
Tue, 02 Jul 2024R15.9bR59.2bR2.2b9.4x7.1x0.3x
Thu, 30 May 2024R16.4bR60.4b-R8,873,611,326.0017.7x-1.8x0.3x
Sat, 27 Apr 2024R16.7bR60.4b-R8,873,611,326.0016x-1.9x0.3x
Mon, 25 Mar 2024R17.8bR60.4b-R8,874,561,582.0016.1x-2x0.3x
Wed, 21 Feb 2024R17.4bR62.6b-R9,358,303,582.0018x-1.9x0.3x
Fri, 19 Jan 2024R18.8bR62.6b-R9,357,802,582.0017.3x-2x0.3x
Sun, 17 Dec 2023R18.1bR62.6b-R9,357,802,582.0017.5x-1.9x0.3x
Tue, 14 Nov 2023R15.0bR62.1b-R9,612,978,582.0016.4x-1.6x0.2x
Thu, 12 Oct 2023R15.2bR62.1b-R9,614,331,844.0015.6x-1.6x0.2x
Sat, 09 Sep 2023R15.4bR62.1b-R9,615,133,713.009.5x-1.6x0.2x
Mon, 07 Aug 2023R18.2bR61.7b-R9,504,797,687.005.9x-1.9x0.3x
Wed, 05 Jul 2023R18.7bR62.1b-R9,504,797,687.006.2x-2x0.3x
Fri, 02 Jun 2023R17.7bR61.2bR2.4b7.2x7.3x0.3x
Sun, 30 Apr 2023R20.8bR61.2bR2.4b8.5x8.6x0.3x
Tue, 28 Mar 2023R20.8bR61.2bR2.4b8.6x8.6x0.3x
Thu, 23 Feb 2023R22.2bR60.5bR3.0b4.1x7.4x0.4x
Price to Earnings Ratio

7.4x


Total Market Cap: R22.2bTotal 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 6.4x 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 Market0.39%
Telecom2.52%
Telecom Services and Carriers-1.63%
Alternative Carriers8.31%
Integrated Telecom Services-1.72%
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
HUG Huge GroupR1.4412.5%
+R27.6m		-22.2%PS10.2x

Latest News

HUG
R1.44
Huge Group
7D
12.5%
1Y
-22.2%
TKG
R55.82
Telkom SA SOC
7D
-3.3%
1Y
56.4%

TKG: Lower Discount Rate And Firmer Margins Will Support Fair Value

Analysts have lifted their price target for Telkom SA SOC from R53.00 to R56.50, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations as the key drivers of the change. Valuation Changes Fair Value: Analyst fair value estimate increased from ZAR53.00 to ZAR56.50.
BLU
R9.83
Blu Label Unlimited Group
7D
-0.6%
1Y
44.6%