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South African (JSE) Telecom Services and Carriers Industry Analysis

UpdatedJun 23, 2025
DataAggregated Company Financials
Companies4
  • 7D3.0%
  • 3M36.0%
  • 1Y115.2%
  • YTD56.5%

Over the last 7 days, the Telecom Services and Carriers industry has risen 3.0%, driven by gains from Telkom SA SOC of 2.7%. This takes the industry's 12 month performance to a gain of 115%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 14 Jan 2023R22.4bR60.5bR3.0b4.8x7.5x0.4x
Mon, 12 Dec 2022R21.1bR60.5bR3.0b3.9x7x0.3x
Wed, 09 Nov 2022R23.2bR60.6bR4.1b4.5x5.6x0.4x
Fri, 07 Oct 2022R29.2bR60.6bR4.1b4.6x7.1x0.5x
Sun, 04 Sep 2022R28.9bR60.6bR4.1b5.2x7x0.5x
Tue, 02 Aug 2022R28.6bR61.1bR4.0b6.6x7.1x0.5x
Thu, 30 Jun 2022R24.0bR61.1bR4.0b5.9x6x0.4x
Price to Earnings Ratio

6x


Total Market Cap: R24.0bTotal Earnings: R4.0bTotal Revenue: R61.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Telecom Services and Carriers Industry Price to Earnings3Y Average 5.1x202320242025
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 10.4x which is higher than its 3-year average PE of 5.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.35x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 5.8% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Telecom industry?

ZA Market-0.66%
Telecom-2.90%
Telecom Services and Carriers3.00%
Integrated Telecom Services3.04%
Alternative Carriers-0.73%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 5.2x.
    • Analysts are expecting annual earnings decline of 0.9%, which is lower than the prior year's growth of 38.0% 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 0.9% 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 38% 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
TKG Telkom SA SOCR47.179.2%
+R2.0b
96.6%PE8.5x
BLU Blue Label TelecomsR14.075.8%
+R694.1m
259.8%PE19.9x