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Zambian (LSE) Market Analysis & Valuation
UpdatedJul 03, 2025
DataAggregated Company Financials
Companies18
- 7D-2.4%
- 3M24.7%
- 1Y47.3%
- YTD32.3%
Over the last 7 days, the market has dropped 2.4%, driven by a loss of 4.1% in the Utilities sector. In contrast to the last week, the market is actually up 47% over the past year. Looking forward, earnings are forecast to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Thu, 03 Jul 2025 | ZK85.8b | ZK68.0b | ZK9.6b | 7.2x | 9x | 1.3x |
| Sat, 31 May 2025 | ZK79.2b | ZK67.4b | ZK10.0b | 6.6x | 7.9x | 1.2x |
| Mon, 28 Apr 2025 | ZK73.3b | ZK72.5b | ZK9.3b | 5.4x | 7.9x | 1x |
| Wed, 26 Mar 2025 | ZK67.8b | ZK67.1b | ZK9.2b | 6.9x | 7.4x | 1x |
| Fri, 21 Feb 2025 | ZK68.2b | ZK63.9b | ZK8.7b | 6.7x | 7.9x | 1.1x |
| Sun, 19 Jan 2025 | ZK67.9b | ZK63.3b | ZK9.0b | 6.3x | 7.6x | 1.1x |
| Tue, 17 Dec 2024 | ZK69.8b | ZK63.3b | ZK9.0b | 6.8x | 7.8x | 1.1x |
| Thu, 14 Nov 2024 | ZK71.3b | ZK61.5b | ZK8.8b | 6.7x | 8.1x | 1.2x |
| Sat, 12 Oct 2024 | ZK70.6b | ZK59.3b | ZK7.6b | 8.5x | 9.3x | 1.2x |
| Mon, 09 Sep 2024 | ZK68.0b | ZK58.7b | ZK7.9b | 8.1x | 8.6x | 1.2x |
| Wed, 07 Aug 2024 | ZK64.2b | ZK57.3b | ZK9.7b | 6.6x | 6.6x | 1.1x |
| Fri, 05 Jul 2024 | ZK61.5b | ZK56.6b | ZK9.5b | 6.5x | 6.5x | 1.1x |
| Sun, 02 Jun 2024 | ZK58.0b | ZK56.6b | ZK9.7b | 6.4x | 6x | 1x |
| Tue, 30 Apr 2024 | ZK56.7b | ZK54.3b | ZK10.3b | 6.5x | 5.5x | 1x |
| Thu, 28 Mar 2024 | ZK55.8b | ZK53.3b | ZK9.7b | 6.6x | 5.7x | 1x |
| Sat, 24 Feb 2024 | ZK51.7b | ZK51.7b | ZK8.2b | 10.3x | 6.3x | 1x |
| Mon, 22 Jan 2024 | ZK48.4b | ZK52.0b | ZK8.4b | 10.3x | 5.8x | 0.9x |
| Wed, 20 Dec 2023 | ZK48.1b | ZK50.5b | ZK8.2b | 5.6x | 5.8x | 1x |
| Fri, 17 Nov 2023 | ZK47.6b | ZK48.9b | ZK7.7b | 7.1x | 6.2x | 1x |
| Sun, 15 Oct 2023 | ZK42.5b | ZK46.5b | ZK7.1b | 5.5x | 6x | 0.9x |
| Tue, 12 Sep 2023 | ZK40.6b | ZK46.3b | ZK7.0b | 5.5x | 5.8x | 0.9x |
| Thu, 10 Aug 2023 | ZK37.4b | ZK36.5b | ZK4.8b | 8.5x | 7.8x | 1x |
| Sat, 08 Jul 2023 | ZK36.8b | ZK37.0b | ZK4.9b | 8.9x | 7.5x | 1x |
| Mon, 05 Jun 2023 | ZK36.8b | ZK37.8b | ZK5.2b | 7.6x | 7x | 1x |
| Wed, 03 May 2023 | ZK35.9b | ZK37.0b | ZK5.1b | 7.5x | 7x | 1x |
| Fri, 31 Mar 2023 | ZK34.8b | ZK37.2b | ZK4.2b | 8.5x | 8.2x | 0.9x |
| Sun, 26 Feb 2023 | ZK32.8b | ZK35.4b | ZK4.2b | 7.5x | 7.8x | 0.9x |
| Tue, 24 Jan 2023 | ZK32.8b | ZK32.6b | ZK3.4b | 8.5x | 9.5x | 1x |
| Thu, 22 Dec 2022 | ZK33.3b | ZK37.3b | ZK3.5b | 7.5x | 9.4x | 0.9x |
| Sat, 19 Nov 2022 | ZK32.4b | ZK36.9b | ZK3.8b | 6.5x | 8.5x | 0.9x |
| Mon, 17 Oct 2022 | ZK32.7b | ZK36.7b | ZK3.8b | 6.5x | 8.7x | 0.9x |
| Wed, 14 Sep 2022 | ZK32.1b | ZK30.9b | ZK3.6b | 5.9x | 8.9x | 1x |
| Fri, 12 Aug 2022 | ZK31.4b | ZK31.1b | ZK3.6b | 5.9x | 8.7x | 1x |
| Sun, 10 Jul 2022 | ZK30.8b | ZK31.2b | ZK3.6b | 5.8x | 8.5x | 1x |
Price to Earnings Ratio
8.5x
Current Market PE
- Investors are optimistic on the Zambian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.0x which is higher than its 3-year average PE of 7.4x.
Past Earnings Growth
- The earnings for Zambian listed companies have grown 38% per year over the last three years.
- Revenues for these companies have grown 30% 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 | -2.40% | |
| Energy | 0% | 0 |
| Materials | 0% | 0 |
| Industrials | 0% | 0 |
| Consumer Discretionary | 0% | 0 |
| Telecom | 0% | 0 |
| Financials | -1.16% | |
| Consumer Staples | -1.55% | |
| Utilities | -4.14% | |
| Real Estate | -11.11% | |
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 25.4x.
- 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 28% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings grow by 28% 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 | |
|---|---|---|---|---|---|---|
| CCAF CEC Africa Investments | K0.81 | 11.0% +K130.0m | 35.0% | n/a | Utilities | |
| BATZ British American Tobacco (Zambia) | K6.35 | 1.6% +K21.2m | n/a | PE6.9x | Consumer Staples |
