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South African (JSE) Telecom Services and Carriers Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies4
  • 7D1.5%
  • 3M-1.9%
  • 1Y55.8%
  • YTD63.1%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat. As for the the longer term, the industry is up 56% over the past 12 months. Looking forward, earnings are forecast to decline by 7.1% 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, 15 Dec 2025R36.4bR58.8bR6.0b7.6x6.1x0.6x
Wed, 12 Nov 2025R35.4bR58.0bR5.2b8.8x6.8x0.6x
Fri, 10 Oct 2025R38.3bR58.0bR5.2b9.8x7.4x0.7x
Sun, 07 Sep 2025R37.5bR58.0bR5.2b9.2x7.2x0.6x
Tue, 05 Aug 2025R44.3bR58.2bR3.4b22.8x13.2x0.8x
Thu, 03 Jul 2025R39.1bR58.2bR3.4b20.2x11.7x0.7x
Sat, 31 May 2025R30.3bR57.3bR2.2b14.7x13.8x0.5x
Mon, 28 Apr 2025R26.9bR57.3bR2.2b12.2x12.3x0.5x
Wed, 26 Mar 2025R25.6bR57.3bR2.2b11.5x11.7x0.4x
Fri, 21 Feb 2025R24.3bR57.6bR2.2b10.6x11x0.4x
Sun, 19 Jan 2025R21.6bR57.6bR2.2b9.7x9.8x0.4x
Tue, 17 Dec 2024R23.2bR57.6bR2.2b10.3x10.5x0.4x
Thu, 14 Nov 2024R18.4bR57.0bR2.1b8.8x8.6x0.3x
Sat, 12 Oct 2024R18.8bR57.0bR2.1b9.5x8.8x0.3x
Mon, 09 Sep 2024R18.1bR57.0bR2.1b9.5x8.5x0.3x
Wed, 07 Aug 2024R15.9bR59.2bR2.2b9.4x7.1x0.3x
Fri, 05 Jul 2024R15.5bR59.2bR2.2b9.3x6.9x0.3x
Sun, 02 Jun 2024R16.2bR60.4b-R8,873,611,326.0017.2x-1.8x0.3x
Tue, 30 Apr 2024R16.4bR60.4b-R8,873,611,326.0016.1x-1.8x0.3x
Thu, 28 Mar 2024R19.6bR60.4b-R8,874,561,582.0017.5x-2.2x0.3x
Sat, 24 Feb 2024R17.5bR62.6b-R9,358,303,582.0016.9x-1.9x0.3x
Mon, 22 Jan 2024R18.8bR62.6b-R9,357,802,582.0017.1x-2x0.3x
Wed, 20 Dec 2023R17.3bR62.6b-R9,357,802,582.0017.4x-1.8x0.3x
Fri, 17 Nov 2023R15.4bR62.1b-R9,612,978,582.0017.7x-1.6x0.2x
Sun, 15 Oct 2023R14.4bR62.1b-R9,614,331,844.0015.6x-1.5x0.2x
Tue, 12 Sep 2023R14.9bR62.1b-R9,615,133,713.009.2x-1.6x0.2x
Thu, 10 Aug 2023R17.3bR61.7b-R9,504,797,687.006x-1.8x0.3x
Sat, 08 Jul 2023R17.4bR62.1b-R9,504,797,687.006.2x-1.8x0.3x
Mon, 05 Jun 2023R17.4bR61.3bR2.4b7x7.3x0.3x
Wed, 03 May 2023R21.2bR61.2bR2.4b8.7x8.8x0.3x
Fri, 31 Mar 2023R20.9bR61.2bR2.4b8.6x8.7x0.3x
Sun, 26 Feb 2023R22.8bR60.9bR2.4b9.3x9.5x0.4x
Tue, 24 Jan 2023R21.1bR60.5bR3.0b4.5x7x0.3x
Thu, 22 Dec 2022R19.1bR60.5bR3.0b4x6.4x0.3x
Price to Earnings Ratio

6.4x


Total Market Cap: R19.1bTotal 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 5.4x202320242025
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 6.1x 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 0.38x.
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 Market1.94%
Telecom-0.43%
Telecom Services and Carriers1.54%
Integrated Telecom Services1.54%
Alternative Carriers0.68%
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 7.1%, 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 7.1% 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 decline by 7.1% 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
TKG Telkom SA SOCR54.082.0%
+R534.0m		52.4%PE7.6x
BLU Blu Label Unlimited GroupR10.181.0%
+R89.9m		74.6%PE3.7x
HUG Huge GroupR1.150.9%
+R1.7m		-45.2%PS8.2x

Latest News

TKG
R54.08
Telkom SA SOC
7D
2.0%
1Y
52.4%

TKG: Future Earnings Multiple Will Offset Softer Margins And Growth Expectations

Analysts have trimmed their price target on Telkom SA SOC slightly to R53.00 from R53.40, citing a higher perceived discount rate, more muted revenue growth expectations, and softer profit margin forecasts, partially offset by a higher future P/E multiple assumption. Valuation Changes The consensus analyst price target decreased slightly from ZAR 53.40 to ZAR 53.00, reflecting a modest downward revision in fair value.
HUG
R1.15
Huge Group
7D
0.9%
1Y
-45.2%
BLU
R10.18
Blu Label Unlimited Group
7D
1.0%
1Y
74.6%