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South African (JSE) Telecom Services and Carriers Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies4
  • 7D5.2%
  • 3M-2.5%
  • 1Y60.1%
  • YTD-1.1%

Last week, the Telecom Services and Carriers industry hasn't moved much but Telkom SA SOC is up 5.2% in that time. The past year has been better, since the industry has gained 58% in that time. As for the next few years, earnings are expected to grow by 8.6% 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
Thu, 09 Apr 2026R39.1bR61.9bR559.1m82x70x0.6x
Sat, 07 Mar 2026R41.7bR61.9bR558.9m110.1x74.6x0.7x
Mon, 02 Feb 2026R38.4bR58.8bR6.0b8.4x6.4x0.7x
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
Price to Earnings Ratio

8.8x


Total Market Cap: R21.2bTotal Earnings: R2.4bTotal Revenue: R61.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Telecom Services and Carriers Industry Price to Earnings3Y Average 7.7x202420252026
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 67.0x which is higher than its 3-year average PE of 7.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.41x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 39% 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 Market3.21%
Telecom3.11%
Telecom Services and Carriers5.16%
Integrated Telecom Services5.21%
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 7.3x.
    • Analysts are expecting annual earnings growth of 8.6%, which is lower than the prior year's growth of 133.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 8.6% over the next 5 years.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 8.6% 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 SOCR62.006.1%
+R1.8b		76.1%PE8.8x
BLU Blu Label Unlimited GroupR8.662.0%
+R154.3m		20.8%PS0.5x

Latest News

TKG
R62.00
Telkom SA SOC
7D
6.1%
1Y
76.1%

TKG: Stable Outlook As Margin Assumptions Rise But P/E Expectations Ease

Analysts have kept their ZAR54.00 price target for Telkom SA SOC unchanged, citing small adjustments to discount rate and revenue growth assumptions, along with a higher expected profit margin and a lower future P/E as key drivers of their updated view. What's in the News Telkom SA SOC Ltd has scheduled a Board meeting for Mar 27, 2026, focused on considering various changes to its Board Committees with effect from May 1, 2026 (Key Developments).
BLU
R8.66
Blu Label Unlimited Group
7D
2.0%
1Y
20.8%