Have your own idea? Try our Stock Screener
Zambian (LSE) Market Analysis & Valuation
UpdatedNov 26, 2024
DataAggregated Company Financials
Companies19
- 7D0.6%
- 3M5.1%
- 1Y47.3%
- YTD47.7%
In the last week, the market has stayed flat, however the Materials sector stood out, gaining 16%. As for the longer term, the market has risen 47% in the past 12 months. Looking forward, earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Tue, 26 Nov 2024 | ZK70.0b | ZK61.5b | ZK8.8b | 6.7x | 7.9x | 1.1x |
| Thu, 24 Oct 2024 | ZK72.2b | ZK59.4b | ZK7.6b | 8.2x | 9.5x | 1.2x |
| Sat, 21 Sep 2024 | ZK70.7b | ZK58.8b | ZK7.9b | 8.4x | 9x | 1.2x |
| Mon, 19 Aug 2024 | ZK64.0b | ZK57.3b | ZK9.8b | 6.8x | 6.5x | 1.1x |
| Wed, 17 Jul 2024 | ZK64.3b | ZK57.2b | ZK9.7b | 6.6x | 6.6x | 1.1x |
| Fri, 14 Jun 2024 | ZK58.3b | ZK56.8b | ZK9.8b | 6.4x | 5.9x | 1x |
| Sun, 12 May 2024 | ZK56.8b | ZK54.4b | ZK10.3b | 6.5x | 5.5x | 1x |
| Tue, 09 Apr 2024 | ZK56.3b | ZK53.2b | ZK9.7b | 6.7x | 5.8x | 1.1x |
| Thu, 07 Mar 2024 | ZK53.8b | ZK52.8b | ZK10.9b | 6.6x | 4.9x | 1x |
| Sat, 03 Feb 2024 | ZK49.7b | ZK53.3b | ZK8.8b | 10.3x | 5.7x | 0.9x |
| Mon, 01 Jan 2024 | ZK48.1b | ZK49.2b | ZK8.1b | 5.4x | 5.9x | 1x |
| Wed, 29 Nov 2023 | ZK47.5b | ZK49.2b | ZK7.7b | 7.1x | 6.1x | 1x |
| Fri, 27 Oct 2023 | ZK44.1b | ZK46.7b | ZK7.2b | 5.8x | 6.2x | 0.9x |
| Sun, 24 Sep 2023 | ZK41.1b | ZK46.3b | ZK7.0b | 5.5x | 5.8x | 0.9x |
| Tue, 22 Aug 2023 | ZK38.8b | ZK36.7b | ZK4.8b | 8.3x | 8.1x | 1.1x |
| Thu, 20 Jul 2023 | ZK36.8b | ZK37.4b | ZK5.0b | 8.4x | 7.4x | 1x |
| Sat, 17 Jun 2023 | ZK36.8b | ZK37.6b | ZK5.2b | 7.6x | 7.1x | 1x |
| Mon, 15 May 2023 | ZK36.4b | ZK37.3b | ZK5.2b | 7.9x | 7.1x | 1x |
| Wed, 12 Apr 2023 | ZK35.4b | ZK36.6b | ZK4.9b | 7.4x | 7.2x | 1x |
| Fri, 10 Mar 2023 | ZK32.7b | ZK35.5b | ZK4.2b | 7.5x | 7.8x | 0.9x |
| Sun, 05 Feb 2023 | ZK32.7b | ZK34.3b | ZK3.8b | 7.5x | 8.6x | 1x |
| Tue, 03 Jan 2023 | ZK33.3b | ZK32.4b | ZK3.5b | 6.5x | 9.6x | 1x |
| Thu, 01 Dec 2022 | ZK33.1b | ZK37.1b | ZK3.8b | 6.5x | 8.7x | 0.9x |
| Sat, 29 Oct 2022 | ZK32.7b | ZK36.8b | ZK3.8b | 6.5x | 8.7x | 0.9x |
| Mon, 26 Sep 2022 | ZK32.8b | ZK31.3b | ZK3.7b | 5.9x | 8.9x | 1x |
| Wed, 24 Aug 2022 | ZK31.9b | ZK31.2b | ZK3.6b | 5.9x | 8.8x | 1x |
| Fri, 22 Jul 2022 | ZK30.9b | ZK31.3b | ZK3.6b | 5.8x | 8.5x | 1x |
| Sun, 19 Jun 2022 | ZK29.8b | ZK37.8b | ZK3.9b | 5.8x | 7.7x | 0.8x |
| Tue, 17 May 2022 | ZK29.6b | ZK37.1b | ZK4.2b | 5.8x | 7.1x | 0.8x |
| Thu, 14 Apr 2022 | ZK29.9b | ZK35.4b | ZK3.4b | 7x | 8.9x | 0.8x |
| Sat, 12 Mar 2022 | ZK26.6b | ZK31.9b | ZK3.4b | 5.4x | 7.9x | 0.8x |
| Mon, 07 Feb 2022 | ZK25.5b | ZK32.0b | ZK3.4b | 5.4x | 7.5x | 0.8x |
| Wed, 05 Jan 2022 | ZK24.2b | ZK31.4b | ZK3.3b | 5.4x | 7.4x | 0.8x |
| Fri, 03 Dec 2021 | ZK21.1b | ZK30.9b | ZK3.1b | 3.8x | 6.8x | 0.7x |
Price to Earnings Ratio
6.8x
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 42% per year over the last three years.
- Revenues for these companies have grown 26% 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 | 0.55% | |
| Materials | 15.69% | |
| Consumer Discretionary | 4.12% | |
| Industrials | 0.20% | |
| Energy | 0% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Financials | -0.12% | |
| Consumer Staples | -0.31% | |
| Utilities | -2.15% | |
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 21.3x.
- 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 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 90% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|---|
| CHILANGA Chilanga Cement | K25.50 | 21.4% +K900.2m | 84.8% | PE11.4x | Materials | |
| BATA Zambia Bata Shoe | K6.00 | 9.1% +K38.1m | n/a | PE10.3x | Consumer Discretionary | |
| ZAMEFA Metal Fabricators of Zambia | K5.01 | 0.2% +K270.9k | 2.2% | PE1.6x | Industrials |
