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South African (JSE) Telecom Services and Carriers Industry Analysis

UpdatedMay 30, 2023
DataAggregated Company Financials
  • 7D5.2%
  • 3M-25.4%
  • 1Y-38.1%
  • YTD-14.9%

Over the last 7 days, the Telecom Services and Carriers industry has risen 2.7%, driven by gains from Telkom SA SOC of 7.3%. During this same period, the Huge Group underperformed, falling 12%. In the past year, the industry is down 41%. Earnings are forecast to grow by 1.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 May 2023R17.5bR61.2bR2.4b7.1x7.3x0.3x
Thu, 27 Apr 2023R20.3bR61.2bR2.4b8.3x8.4x0.3x
Sat, 25 Mar 2023R20.5bR61.2bR2.4b8.4x8.5x0.3x
Mon, 20 Feb 2023R22.7bR60.5bR3.0b4.4x7.6x0.4x
Wed, 18 Jan 2023R21.7bR60.5bR3.0b4.8x7.2x0.4x
Fri, 16 Dec 2022R19.0bR60.5bR3.0b3.8x6.3x0.3x
Sun, 13 Nov 2022R22.9bR60.6bR4.1b4.5x5.6x0.4x
Tue, 11 Oct 2022R28.5bR60.6bR4.1b4.4x6.9x0.5x
Thu, 08 Sep 2022R30.2bR60.6bR4.1b5.3x7.3x0.5x
Sat, 06 Aug 2022R27.7bR61.1bR4.0b6.6x6.9x0.5x
Mon, 04 Jul 2022R24.3bR61.1bR4.0b5.9x6.1x0.4x
Wed, 01 Jun 2022R28.4bR61.9bR4.1b5.3x7x0.5x
Fri, 29 Apr 2022R29.1bR61.9bR4.1b5.3x7.2x0.5x
Sun, 27 Mar 2022R22.2bR44.0bR3.1b4.6x7.1x0.5x
Tue, 22 Feb 2022R21.8bR44.0bR3.2b7.8x6.8x0.5x
Thu, 20 Jan 2022R24.8bR44.0bR3.2b8.9x7.7x0.6x
Sat, 18 Dec 2021R26.3bR44.1bR2.9b10.5x9x0.6x
Mon, 15 Nov 2021R25.0bR44.3bR2.5b14.6x10.2x0.6x
Wed, 13 Oct 2021R24.3bR44.3bR2.5b14.9x9.9x0.5x
Fri, 10 Sep 2021R19.2bR44.3bR2.5b16.2x7.8x0.4x
Sun, 08 Aug 2021R21.7bR44.3bR2.5b20.9x8.8x0.5x
Sat, 01 May 2021R20.7bR44.3bR2.5b16x8.4x0.5x
Tue, 02 Feb 2021R18.0bR44.2bR1.6b15.4x11x0.4x
Fri, 06 Nov 2020R13.7bR44.0bR885.2m15.1x15.5x0.3x
Mon, 10 Aug 2020R15.2bR44.1bR783.2m19.9x19.4x0.3x
Price to Earnings Ratio


Total Market Cap: R9.8bTotal Earnings: R607.7mTotal Revenue: R44.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Telecom Services and Carriers Industry Price to Earnings3Y Average 10.1x202120222023
Current Industry PE
  • Investors are pessimistic on the South African Telecom industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 6.7x which is lower than its 3-year average PE of 10.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.43x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 58% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

ZA Market-2.36%
Telecom Services and Carriers5.20%
Integrated Telecom Services5.73%
Alternative Carriers-11.09%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry even though it's trading below its 3-year average PE ratio of 10.5x.
    • Analysts are expecting annual earnings growth of 1.5%, which is higher than its past year's earnings decline of 42.0% per year.
  • Investors are most pessimistic about the Alternative Carriers industry, which is trading below its 3-year average of 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 1.5% over the next 5 years.
  • This is better than its past earnings decline of 42% 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 SOCR27.967.3%
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Telkom SA SOC







Huge Group







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