Have your own idea? Try our Stock Screener
Zambian (LSE) Market Analysis & Valuation
UpdatedDec 28, 2024
DataAggregated Company Financials
Companies19
- 7D-0.7%
- 3M-3.2%
- 1Y43.0%
- YTD44.2%
Over the last 7 days, the market has remained flat, although notably the Financials sector declined by 4.6%. As for the longer term, the market has risen 43% in the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Sat, 28 Dec 2024 | ZK68.4b | ZK63.3b | ZK9.0b | 6.5x | 7.6x | 1.1x |
| Mon, 25 Nov 2024 | ZK70.0b | ZK61.5b | ZK8.8b | 6.7x | 7.9x | 1.1x |
| Wed, 23 Oct 2024 | ZK72.2b | ZK59.4b | ZK7.6b | 8.2x | 9.5x | 1.2x |
| Fri, 20 Sep 2024 | ZK70.6b | ZK58.7b | ZK7.9b | 8.4x | 9x | 1.2x |
| Sun, 18 Aug 2024 | ZK64.0b | ZK57.3b | ZK9.8b | 6.8x | 6.5x | 1.1x |
| Tue, 16 Jul 2024 | ZK64.6b | ZK57.1b | ZK9.7b | 6.6x | 6.7x | 1.1x |
| Thu, 13 Jun 2024 | ZK58.2b | ZK56.8b | ZK9.8b | 6.4x | 5.9x | 1x |
| Sat, 11 May 2024 | ZK56.7b | ZK54.4b | ZK10.3b | 6.5x | 5.5x | 1x |
| Mon, 08 Apr 2024 | ZK56.3b | ZK53.2b | ZK9.7b | 6.7x | 5.8x | 1.1x |
| Wed, 06 Mar 2024 | ZK53.4b | ZK52.7b | ZK10.9b | 6.6x | 4.9x | 1x |
| Fri, 02 Feb 2024 | ZK49.6b | ZK52.3b | ZK8.5b | 10.3x | 5.9x | 0.9x |
| Sun, 31 Dec 2023 | ZK48.1b | ZK49.2b | ZK8.1b | 5.4x | 5.9x | 1x |
| Tue, 28 Nov 2023 | ZK47.5b | ZK49.2b | ZK7.7b | 7.1x | 6.1x | 1x |
| Thu, 26 Oct 2023 | ZK44.1b | ZK46.7b | ZK7.2b | 5.8x | 6.2x | 0.9x |
| Sat, 23 Sep 2023 | ZK41.1b | ZK46.3b | ZK7.0b | 5.5x | 5.8x | 0.9x |
| Mon, 21 Aug 2023 | ZK38.8b | ZK36.7b | ZK4.8b | 8.3x | 8.1x | 1.1x |
| Wed, 19 Jul 2023 | ZK36.8b | ZK37.3b | ZK5.0b | 8.4x | 7.4x | 1x |
| Fri, 16 Jun 2023 | ZK36.8b | ZK37.6b | ZK5.2b | 7.7x | 7.1x | 1x |
| Sun, 14 May 2023 | ZK36.4b | ZK37.3b | ZK5.2b | 7.9x | 7.1x | 1x |
| Tue, 11 Apr 2023 | ZK35.4b | ZK36.7b | ZK4.9b | 8.3x | 7.2x | 1x |
| Thu, 09 Mar 2023 | ZK32.7b | ZK35.5b | ZK4.2b | 7.5x | 7.8x | 0.9x |
| Sat, 04 Feb 2023 | ZK32.7b | ZK34.3b | ZK3.8b | 7.5x | 8.6x | 1x |
| Mon, 02 Jan 2023 | ZK33.3b | ZK32.4b | ZK3.5b | 6.5x | 9.6x | 1x |
| Wed, 30 Nov 2022 | ZK32.0b | ZK37.1b | ZK3.8b | 6.5x | 8.4x | 0.9x |
| Fri, 28 Oct 2022 | ZK32.7b | ZK36.8b | ZK3.8b | 6.5x | 8.7x | 0.9x |
| Sun, 25 Sep 2022 | ZK32.8b | ZK31.3b | ZK3.7b | 5.9x | 8.9x | 1x |
| Tue, 23 Aug 2022 | ZK31.9b | ZK31.2b | ZK3.6b | 5.9x | 8.8x | 1x |
| Thu, 21 Jul 2022 | ZK30.8b | ZK31.3b | ZK3.6b | 5.8x | 8.5x | 1x |
| Sat, 18 Jun 2022 | ZK29.8b | ZK37.8b | ZK3.9b | 5.8x | 7.7x | 0.8x |
| Mon, 16 May 2022 | ZK29.6b | ZK37.1b | ZK4.2b | 5.8x | 7.1x | 0.8x |
| Wed, 13 Apr 2022 | ZK29.6b | ZK35.4b | ZK3.4b | 7x | 8.8x | 0.8x |
| Fri, 11 Mar 2022 | ZK26.6b | ZK31.9b | ZK3.4b | 5.4x | 7.9x | 0.8x |
| Sun, 06 Feb 2022 | ZK25.5b | ZK32.0b | ZK3.4b | 5.4x | 7.5x | 0.8x |
| Tue, 04 Jan 2022 | ZK24.2b | ZK31.4b | ZK3.3b | 5.4x | 7.4x | 0.8x |
Price to Earnings Ratio
7.4x
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 40% 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 | -0.66% | |
| Utilities | 0.62% | |
| Materials | 0.015% | |
| Energy | 0% | |
| Real Estate | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Consumer Staples | -0.14% | |
| Financials | -4.40% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading close to its 3-year average PE ratio of 21.9x.
- 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 61% 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 | |
|---|---|---|---|---|---|---|
| CCFA CEC Africa Investments | K0.72 | 12.5% +K130.0m | 63.6% | n/a | Utilities | |
| CEC Copperbelt Energy | K13.85 | 0.07% +K16.3m | 95.3% | PE11.9x | Utilities | |
| ZAMBREW Zambian Breweries | K6.90 | 0.1% +K5.5m | -1.4% | PS0.8x | Consumer Staples | |
| AECI AECI Mining Explosives | K31.55 | 0.2% +K1.0m | -24.8% | PS0.7x | Materials |
