Have your own idea? Try our Stock Screener
Zambian (LSE) Market Analysis & Valuation
UpdatedApr 13, 2025
DataAggregated Company Financials
Companies19
- 7D0.7%
- 3M6.5%
- 1Y28.3%
- YTD5.9%
The Materials sector gained 3.4% while the market remained flat over the last week. Meanwhile, the market is actually up 28% over the past year. Earnings are forecast to grow by 34% annually.
Market Valuation and Performance
Has the Zambian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 13 Apr 2025 | ZK72.4b | ZK72.6b | ZK9.3b | 5.4x | 7.8x | 1x |
| Tue, 11 Mar 2025 | ZK67.9b | ZK67.6b | ZK9.5b | 6.8x | 7.1x | 1x |
| Thu, 06 Feb 2025 | ZK68.5b | ZK63.8b | ZK8.6b | 6.8x | 7.9x | 1.1x |
| Sat, 04 Jan 2025 | ZK68.3b | ZK63.4b | ZK9.0b | 6.3x | 7.6x | 1.1x |
| Mon, 02 Dec 2024 | ZK70.0b | ZK62.0b | ZK8.9b | 6.7x | 7.9x | 1.1x |
| Wed, 30 Oct 2024 | ZK72.2b | ZK59.4b | ZK7.6b | 8.7x | 9.4x | 1.2x |
| Fri, 27 Sep 2024 | ZK70.9b | ZK58.7b | ZK7.9b | 8.4x | 9x | 1.2x |
| Sun, 25 Aug 2024 | ZK66.0b | ZK57.3b | ZK9.8b | 6.8x | 6.8x | 1.2x |
| Tue, 23 Jul 2024 | ZK64.3b | ZK57.2b | ZK9.7b | 6.6x | 6.6x | 1.1x |
| Thu, 20 Jun 2024 | ZK59.1b | ZK56.5b | ZK9.7b | 6.4x | 6.1x | 1x |
| Sat, 18 May 2024 | ZK56.9b | ZK54.0b | ZK10.1b | 6.7x | 5.6x | 1.1x |
| Mon, 15 Apr 2024 | ZK56.3b | ZK53.7b | ZK10.0b | 6.5x | 5.6x | 1x |
| Wed, 13 Mar 2024 | ZK54.7b | ZK53.1b | ZK11.1b | 6.6x | 4.9x | 1x |
| Fri, 09 Feb 2024 | ZK50.3b | ZK53.2b | ZK8.7b | 10.3x | 5.8x | 0.9x |
| Sun, 07 Jan 2024 | ZK48.1b | ZK51.8b | ZK8.3b | 10.2x | 5.8x | 0.9x |
| Tue, 05 Dec 2023 | ZK48.8b | ZK49.3b | ZK7.8b | 7.1x | 6.3x | 1x |
| Thu, 02 Nov 2023 | ZK44.1b | ZK46.8b | ZK7.2b | 5.8x | 6.1x | 0.9x |
| Sat, 30 Sep 2023 | ZK41.3b | ZK46.4b | ZK7.0b | 5.5x | 5.9x | 0.9x |
| Mon, 28 Aug 2023 | ZK38.8b | ZK37.1b | ZK5.0b | 8.2x | 7.8x | 1x |
| Wed, 26 Jul 2023 | ZK36.7b | ZK37.4b | ZK5.0b | 8.3x | 7.4x | 1x |
| Fri, 23 Jun 2023 | ZK36.8b | ZK36.9b | ZK5.1b | 8.1x | 7.2x | 1x |
| Sun, 21 May 2023 | ZK36.5b | ZK37.4b | ZK5.2b | 7.8x | 7x | 1x |
| Tue, 18 Apr 2023 | ZK35.7b | ZK36.0b | ZK4.8b | 7.8x | 7.4x | 1x |
| Thu, 16 Mar 2023 | ZK32.9b | ZK35.6b | ZK4.2b | 7.5x | 7.8x | 0.9x |
| Sat, 11 Feb 2023 | ZK32.7b | ZK35.2b | ZK4.2b | 7.5x | 7.8x | 0.9x |
| Mon, 09 Jan 2023 | ZK33.4b | ZK32.4b | ZK3.4b | 8.5x | 9.8x | 1x |
| Wed, 07 Dec 2022 | ZK33.1b | ZK37.2b | ZK3.5b | 7.5x | 9.4x | 0.9x |
| Fri, 04 Nov 2022 | ZK32.7b | ZK36.8b | ZK3.8b | 6.5x | 8.7x | 0.9x |
| Sun, 02 Oct 2022 | ZK33.1b | ZK31.3b | ZK3.7b | 5.9x | 9x | 1.1x |
| Tue, 30 Aug 2022 | ZK31.9b | ZK31.1b | ZK3.6b | 5.9x | 8.8x | 1x |
| Thu, 28 Jul 2022 | ZK31.1b | ZK31.2b | ZK3.6b | 5.8x | 8.6x | 1x |
| Sat, 25 Jun 2022 | ZK29.8b | ZK37.8b | ZK3.9b | 5.8x | 7.7x | 0.8x |
| Mon, 23 May 2022 | ZK29.5b | ZK37.5b | ZK3.8b | 5.8x | 7.9x | 0.8x |
| Wed, 20 Apr 2022 | ZK29.7b | ZK37.2b | ZK4.2b | 5.2x | 7.1x | 0.8x |
Price to Earnings Ratio
7.1x
Current Market PE
- Investors are relatively neutral on the Zambian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 7.4x.
Past Earnings Growth
- The earnings for Zambian listed companies have grown 31% per year over the last three years.
- Revenues for these companies have grown 25% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Zambian Market?
| ZM Market | 0.67% | |
| Materials | 3.35% | |
| Utilities | 2.41% | |
| Consumer Staples | 0.82% | |
| Real Estate | 0% | 0 |
| Industrials | 0% | 0 |
| Consumer Discretionary | 0% | 0 |
| Financials | -0.14% | |
| Telecom | -0.57% | |
| Energy | -13.04% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth even though it's trading below its 3-year average PE ratio of 23.8x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Consumer Staples sector, expecting annual earnings growth of 34% over the next 5 years.
- However this is lower than its past earnings growth rate of 75% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings grow by 34% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| CEC Copperbelt Energy | K13.27 | 1.8% +K390.0m | 72.1% | PE7.9x | Utilities | |
| CHILANGA Chilanga Cement | K28.01 | 3.7% +K202.0m | 102.7% | PE9.9x | Materials | |
| ZSUG Zambia Sugar | K38.52 | 1.4% +K164.6m | 10.1% | PE5.9x | Consumer Staples | |
| CCFA CEC Africa Investments | K0.74 | 13.8% +K146.3m | 34.5% | n/a | Utilities | |
| AECI AECI Mining Explosives | K37.50 | 7.0% +K50.0m | -6.3% | PE5.5x | Materials |
