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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedMar 19, 2025
DataAggregated Company Financials
Companies4
  • 7D-1.2%
  • 3M-37.0%
  • 1Yn/a
  • YTD-10.9%

Over the past 7 days, the market has dropped 1.2% with the Materials sector contributing the most to the decline.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Mar 2025Z$17.7bZ$269.0bZ$41.4b0.3x0.4x0.07x
Fri, 14 Feb 2025Z$17.8bZ$269.0bZ$41.4b0.4x0.4x0.07x
Sun, 12 Jan 2025Z$19.4bZ$810.1bZ$91.4b0.2x0.2x0.02x
Tue, 10 Dec 2024Z$20.2bZ$810.1bZ$91.4b0.2x0.2x0.02x
Thu, 07 Nov 2024Z$28.3bZ$986.0bZ$80.0b0.4x0.4x0.03x
Sat, 05 Oct 2024Z$25.9bZ$986.0bZ$80.0b0.4x0.3x0.03x
Mon, 02 Sep 2024Z$21.0bZ$986.7bZ$80.2b0.6x0.3x0.02x
Wed, 31 Jul 2024Z$20.9bZ$986.7bZ$80.2b0.6x0.3x0.02x
Fri, 28 Jun 2024Z$13.2bZ$1.0tZ$80.2b0.4x0.2x0.01x
Sun, 26 May 2024Z$10.2bZ$2.3tZ$382.6b0.03x0.03x0.004x
Tue, 23 Apr 2024Z$24.7tZ$1.9tZ$382.6b64.9x64.6x13.1x
Thu, 21 Mar 2024Z$20.9tZ$1.9tZ$383.0b55.3x54.5x11.1x
Sat, 17 Feb 2024Z$10.9tZ$1.9tZ$383.0b26.1x28.6x5.8x
Mon, 15 Jan 2024Z$7.6tZ$1.5tZ$348.2b30.9x21.9x5x
Wed, 13 Dec 2023Z$5.4tZ$1.5tZ$348.2b30.9x15.6x3.5x
Fri, 10 Nov 2023Z$1.0tZ$305.6bZ$13.4b41.8x75.1x3.3x
Sun, 08 Oct 2023Z$989.7bZ$305.6bZ$13.4b38x73.9x3.2x
Tue, 05 Sep 2023Z$860.4bZ$305.0bZ$13.0b28.5x66.3x2.8x
Thu, 03 Aug 2023Z$788.4bZ$305.0bZ$13.0b25.7x60.7x2.6x
Sat, 01 Jul 2023Z$961.7bZ$288.8bZ$10.8b24.1x89.1x3.3x
Mon, 29 May 2023Z$730.3bZ$235.2bZ$17.9b70.1x40.7x3.1x
Wed, 26 Apr 2023Z$409.7bZ$235.2bZ$17.9b33.1x22.8x1.7x
Fri, 24 Mar 2023Z$512.2bZ$226.8bZ$17.6b30.9x29.1x2.3x
Sun, 19 Feb 2023Z$455.1bZ$226.8bZ$17.6b31.3x25.8x2x
Tue, 17 Jan 2023Z$388.4bZ$185.8bZ$15.3b29.2x25.4x2.1x
Thu, 15 Dec 2022Z$313.2bZ$186.2bZ$13.2b19.5x23.7x1.7x
Sat, 12 Nov 2022Z$302.3bZ$186.2bZ$13.2b24.3x22.8x1.6x
Mon, 10 Oct 2022Z$280.1bZ$186.2bZ$13.2b21.9x21.1x1.5x
Wed, 07 Sep 2022Z$235.0bZ$85.2bZ$5.7b29.7x41.1x2.8x
Fri, 05 Aug 2022Z$315.5bZ$85.2bZ$5.7b41x55.2x3.7x
Sun, 03 Jul 2022Z$390.8bZ$74.7bZ$6.2b60.5x62.7x5.2x
Tue, 31 May 2022Z$483.5bZ$72.9bZ$6.6b71.8x73.2x6.6x
Thu, 28 Apr 2022Z$777.8bZ$71.7bZ$6.6b118.2x118.3x10.9x
Sat, 26 Mar 2022Z$333.3bZ$63.5bZ$5.0b49.1x66.6x5.2x
Price to Earnings Ratio

66.6x


Total Market Cap: Z$333.3bTotal Earnings: Z$5.0bTotal Revenue: Z$63.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 34.7x202320242025
Current Market PE
  • Investors are pessimistic on the Zimbabwean market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 0.43x which is lower than its 3-year average PE of 34.8x.
Past Earnings Growth
  • The earnings for Zimbabwean listed companies have grown 102% per year over the last three years.
  • Revenues for these companies have grown 62% 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 Zimbabwean Market?

ZW Market-1.18%
Consumer Staples0.13%
Industrials0%0
Consumer Discretionary0%0
Financials-14.98%
Materials-25.82%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth even though it's trading below its 3-year average PE ratio of 11.6x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
DLTA DeltaUS$13.000.1%
+US$22.9m		-99.8%PE0.4xConsumer Staples
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Market Insights

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🫧 Bubble Concerns, Sector Rotation, and Tariff Tactics

Richard Bowman avatar
Richard Bowman
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5 comments

The market’s latest pullback is getting pinned on the escalating trade war. Tariffs are dominating the headlines, right alongside sinking GDP forecasts. But beneath the surface, there’s a growing unease about valuations and earnings. So this week, we’re diving into that side of the story, how valuations and earnings fit into the bigger picture of tariffs, growth, inflation, and interest rates. Sure, we’re mostly talking about the U.S. market here, but trust us, this matters everywhere.
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Latest News

NPKZ

US$0.52

Nampak Zimbabwe

7D

-25.8%

1Y

-99.9%

DLTA

US$13.00

Delta

7D

0.1%

1Y

-99.8%

EHZL

US$0.23

EcoCash Holdings Zimbabwe

7D

-15.0%

1Y

-100.0%