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Zambian (LSE) Market Analysis & Valuation

UpdatedSep 24, 2023
DataAggregated Company Financials
  • 7D0.9%
  • 3M8.1%
  • 1Y17.2%
  • YTD23.3%

The market has stayed flat over the 7 days. More promisingly, the market is up 17% over the past year. Earnings are forecast to grow by 121% annually.

Market Valuation and Performance

Has the Zambian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Sep 2023ZK41.1bZK46.3bZK7.0b5.5x5.8x0.9x
Tue, 22 Aug 2023ZK38.8bZK36.7bZK4.8b8.3x8.1x1.1x
Thu, 20 Jul 2023ZK36.8bZK37.4bZK5.0b8.4x7.4x1x
Sat, 17 Jun 2023ZK36.8bZK37.6bZK5.2b7.6x7.1x1x
Mon, 15 May 2023ZK36.4bZK37.3bZK5.2b7.9x7.1x1x
Wed, 12 Apr 2023ZK35.4bZK36.6bZK4.9b7.4x7.2x1x
Fri, 10 Mar 2023ZK32.7bZK35.5bZK4.2b7.5x7.8x0.9x
Sun, 05 Feb 2023ZK32.7bZK34.3bZK3.8b7.5x8.6x1x
Tue, 03 Jan 2023ZK33.3bZK32.4bZK3.5b6.5x9.6x1x
Thu, 01 Dec 2022ZK33.1bZK37.1bZK3.8b6.5x8.7x0.9x
Sat, 29 Oct 2022ZK32.7bZK36.8bZK3.8b6.5x8.7x0.9x
Mon, 26 Sep 2022ZK32.8bZK31.3bZK3.7b5.9x8.9x1x
Wed, 24 Aug 2022ZK31.9bZK31.2bZK3.6b5.9x8.8x1x
Fri, 22 Jul 2022ZK30.9bZK31.3bZK3.6b5.8x8.5x1x
Sun, 19 Jun 2022ZK29.8bZK37.8bZK3.9b5.8x7.7x0.8x
Tue, 17 May 2022ZK29.6bZK37.1bZK4.2b5.8x7.1x0.8x
Thu, 14 Apr 2022ZK29.9bZK35.4bZK3.4b7x8.9x0.8x
Sat, 12 Mar 2022ZK26.6bZK31.9bZK3.4b5.4x7.9x0.8x
Mon, 07 Feb 2022ZK25.5bZK32.0bZK3.4b5.4x7.5x0.8x
Wed, 05 Jan 2022ZK24.2bZK31.4bZK3.3b5.4x7.4x0.8x
Fri, 03 Dec 2021ZK21.1bZK30.9bZK3.1b3.8x6.8x0.7x
Sun, 31 Oct 2021ZK18.5bZK28.3bZK2.4b5.8x7.8x0.7x
Tue, 28 Sep 2021ZK17.6bZK28.1bZK2.3b5.1x7.5x0.6x
Thu, 26 Aug 2021ZK16.1bZK31.9bZK1.5b7.3x11.1x0.5x
Fri, 02 Jul 2021ZK16.0bZK31.9bZK1.5b7.2x11x0.5x
Mon, 05 Apr 2021ZK13.4bZK31.7bZK1.4b4.9x9.6x0.4x
Thu, 07 Jan 2021ZK12.9bZK30.5bZK963.9m3.3x13.4x0.4x
Wed, 30 Sep 2020ZK12.6bZK26.0bZK427.1m6.3x29.5x0.5x
Price to Earnings Ratio


Total Market Cap: ZK12.6bTotal Earnings: ZK427.1mTotal Revenue: ZK26.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Zambian Market Price to Earnings3Y Average 10.1x202120222023
Current Market PE
  • Investors are pessimistic on the Zambian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 5.8x which is lower than its 3-year average PE of 10.1x.
Past Earnings Growth
  • The earnings for Zambian listed companies have grown 154% per year over the last three years.
  • Revenues for these companies have grown 21% 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 Market0.87%
Real Estate0%
Consumer Discretionary0%
Consumer Staples0%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth which is trading above its 3-year average PE ratio.
    • 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 121% over the next 5 years.
  • This is better than its past earnings growth rate of 62% per year.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
CEC Copperbelt EnergyK6.503.2%
PUMA Puma Energy ZambiaK2.502.5%
See more
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