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South African (JSE) Telecom Services and Carriers Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies4
  • 7D2.2%
  • 3M2.0%
  • 1Y68.7%
  • YTD74.8%

All of the companies in the Telecom Services and Carriers industry have been up over the last week, with the industry up 1.1%. This takes the industry's 12 month performance to a gain of 71%. As for the next few years, earnings are forecast to decline by 7.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025R39.0bR58.8bR6.0b8.3x6.6x0.7x
Fri, 28 Nov 2025R33.9bR58.8bR6.0b7.1x5.7x0.6x
Sun, 26 Oct 2025R36.9bR58.0bR5.2b9.3x7.1x0.6x
Tue, 23 Sep 2025R37.3bR58.0bR5.2b9.2x7.2x0.6x
Thu, 21 Aug 2025R42.5bR58.2bR3.4b23.4x12.7x0.7x
Sat, 19 Jul 2025R42.4bR58.2bR3.4b21.7x12.6x0.7x
Mon, 16 Jun 2025R33.9bR58.2bR3.4b18.8x10.1x0.6x
Wed, 14 May 2025R26.9bR57.3bR2.2b12.3x12.3x0.5x
Fri, 11 Apr 2025R24.2bR57.3bR2.2b10.8x11.1x0.4x
Sun, 09 Mar 2025R24.2bR57.3bR2.2b10.8x11x0.4x
Tue, 04 Feb 2025R22.8bR57.6bR2.2b9.9x10.3x0.4x
Thu, 02 Jan 2025R22.9bR57.6bR2.2b10.2x10.4x0.4x
Sat, 30 Nov 2024R21.9bR57.6bR2.2b9.8x9.9x0.4x
Mon, 28 Oct 2024R18.8bR57.0bR2.1b9.5x8.8x0.3x
Wed, 25 Sep 2024R18.2bR57.0bR2.1b9.5x8.5x0.3x
Fri, 23 Aug 2024R18.2bR59.2bR2.2b9.6x8.1x0.3x
Sun, 21 Jul 2024R15.4bR59.2bR2.2b8.7x6.9x0.3x
Tue, 18 Jun 2024R16.0bR60.4b-R8,883,936,552.0010.9x-1.8x0.3x
Thu, 16 May 2024R16.4bR60.4b-R8,873,611,326.0017.1x-1.8x0.3x
Sat, 13 Apr 2024R17.3bR60.4b-R8,873,611,326.0015.9x-2x0.3x
Mon, 11 Mar 2024R16.9bR60.4b-R8,874,561,582.0017.1x-1.9x0.3x
Wed, 07 Feb 2024R17.8bR62.6b-R9,357,802,582.0017.8x-1.9x0.3x
Fri, 05 Jan 2024R18.3bR62.6b-R9,357,802,582.0017.3x-2x0.3x
Sun, 03 Dec 2023R15.8bR62.6b-R9,393,225,493.0017.5x-1.7x0.3x
Tue, 31 Oct 2023R13.6bR62.1b-R9,612,978,582.0016.3x-1.4x0.2x
Thu, 28 Sep 2023R14.3bR62.1b-R9,616,486,975.009.6x-1.5x0.2x
Sat, 26 Aug 2023R17.4bR61.7b-R9,504,797,687.006x-1.8x0.3x
Mon, 24 Jul 2023R18.4bR62.1b-R9,504,797,687.006.2x-1.9x0.3x
Wed, 21 Jun 2023R19.6bR62.5b-R9,504,797,687.006.4x-2.1x0.3x
Fri, 19 May 2023R15.9bR61.2bR2.4b6.2x6.6x0.3x
Sun, 16 Apr 2023R21.2bR61.2bR2.4b8.6x8.8x0.3x
Tue, 14 Mar 2023R22.2bR61.2bR2.4b8.9x9.2x0.4x
Thu, 09 Feb 2023R22.4bR60.5bR3.0b4.6x7.5x0.4x
Sat, 07 Jan 2023R20.6bR60.5bR3.0b4.6x6.9x0.3x
Price to Earnings Ratio

6.9x


Total Market Cap: R20.6bTotal 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 5.4x20242025
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 6.5x 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 0.39x.
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 Market0.16%
Telecom2.13%
Telecom Services and Carriers2.16%
Integrated Telecom Services2.17%
Alternative Carriers0%0
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 SOCR59.013.5%
+R1.0b		68.7%PE8.3x
BLU Blu Label Unlimited GroupR10.541.9%
+R179.8m		80.5%PE3.8x

Latest News

TKG
R59.01
Telkom SA SOC
7D
3.5%
1Y
68.7%

TKG: Outlook Will Balance Higher Required Returns With Moderated Profitability Expectations

Analysts have lowered their 12 month price target on Telkom SA SOC from R88.00 to R60.00. This reflects more cautious assumptions around revenue growth, profit margins, and valuation multiples.
BLU
R10.54
Blu Label Unlimited Group
7D
1.9%
1Y
80.5%