Header cover image

Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedJun 08, 2023
DataAggregated Company Financials
Companies6
  • 7D12.7%
  • 3M98.8%
  • 1Y67.3%
  • YTD206.7%

Over the last 7 days, the market has risen 13%, driven by gains of 20% in the Financials sector. The market is up 67% over the last 12 months. In the next few years, earnings are forecast to decline by 9.0% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jun 2023Z$785.3bZ$288.8bZ$10.8b22.8x72.7x2.7x
Sat, 06 May 2023Z$523.9bZ$235.2bZ$17.9b48x29.2x2.2x
Mon, 03 Apr 2023Z$469.1bZ$226.8bZ$17.6b30.9x26.6x2.1x
Wed, 01 Mar 2023Z$454.5bZ$226.8bZ$17.6b30.9x25.8x2x
Fri, 27 Jan 2023Z$370.4bZ$185.8bZ$15.3b29.2x24.2x2x
Sun, 25 Dec 2022Z$331.1bZ$186.2bZ$13.2b24.2x25x1.8x
Tue, 22 Nov 2022Z$282.2bZ$186.2bZ$13.2b20.7x21.3x1.5x
Thu, 20 Oct 2022Z$299.7bZ$186.2bZ$13.2b21.9x22.6x1.6x
Sat, 17 Sep 2022Z$178.5bZ$85.2bZ$5.7b22x31.2x2.1x
Mon, 15 Aug 2022Z$294.1bZ$85.2bZ$5.7b37x51.5x3.5x
Wed, 13 Jul 2022Z$313.5bZ$74.7bZ$6.2b40.1x50.3x4.2x
Fri, 10 Jun 2022Z$574.9bZ$74.7bZ$6.2b78x92.3x7.7x
Sun, 08 May 2022Z$713.5bZ$71.7bZ$6.6b107.1x108.6x10x
Tue, 05 Apr 2022Z$409.1bZ$71.4bZ$6.5b48x63.2x5.7x
Thu, 03 Mar 2022Z$340.8bZ$63.5bZ$5.0b48.3x68.1x5.4x
Sat, 29 Jan 2022Z$270.4bZ$57.9bZ$427.1m60.1x633x4.7x
Mon, 27 Dec 2021Z$170.5bZ$58.3bZ$556.4m45.5x306.5x2.9x
Wed, 24 Nov 2021Z$225.3bZ$56.2b-Z$1,312,207,602.0047.1x-171.7x4x
Fri, 22 Oct 2021Z$126.6bZ$69.8b-Z$736,019,087.0052.9x-172x1.8x
Sun, 19 Sep 2021Z$79.7bZ$53.1b-Z$1,857,272,244.0038.9x-42.9x1.5x
Tue, 17 Aug 2021Z$94.2bZ$81.4bZ$1.7b32.9x54.2x1.2x
Tue, 01 Jun 2021Z$82.6bZ$81.4bZ$1.7b30.3x47.5x1x
Fri, 05 Mar 2021Z$61.8bZ$80.0bZ$2.9b21.1x21x0.8x
Mon, 07 Dec 2020Z$28.6bZ$71.1bZ$5.3b6x5.4x0.4x
Thu, 10 Sep 2020Z$26.5bZ$64.3bZ$5.0b5x5.2x0.4x
Price to Earnings Ratio

12.9x


Total Market Cap: Z$51.2bTotal Earnings: Z$4.0bTotal Revenue: Z$65.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 47.2x202120222023
Current Market PE
  • Investors are optimistic on the Zimbabwean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 72.7x which is higher than its 3-year average PE of 47.2x.
Past Earnings Growth
  • The earnings for Zimbabwean listed companies have grown 40% per year over the last three years.
  • Revenues for these companies have grown 64% 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 Market12.73%
Financials19.84%
Materials12.63%
Industrials7.61%
Energy0%
Real Estate0%
Consumer Discretionary0%
Consumer Staples0%
Healthcare0%
Tech0%
Telecom0%
Utilities0%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 38.9x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • In contrast, the Consumer Discretionary sector is expected to see its earnings decline by 9.0% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
EHZL EcoCash Holdings ZimbabweZ$168.4722.1%
+Z$78.9b
34.9%PS5.8xFinancials
PROL ProplasticsZ$436.9514.1%
+Z$13.9b
572.2%PE1017.1xIndustrials
NPKZ Nampak ZimbabweZ$45.0512.6%
+Z$3.8b
165.0%PE13xMaterials
GBZW GetBucks Microfinance BankZ$32.830.3%
+Z$124.5m
121.1%PS50.6xFinancials
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

In just the last month, we’ve had US debt ceiling talks go from global crisis mode to a potential resolution (still to be determined)...

Continue reading

Latest News

EHZL

Z$168.47

EcoCash Holdings Zimbabwe

7D

22.1%

1Y

34.9%

NPKZ

Z$45.05

Nampak Zimbabwe

7D

12.6%

1Y

165.0%

PROL

Z$436.95

Proplastics

7D

14.1%

1Y

572.2%

GBZW

Z$32.83

GetBucks Microfinance Bank

7D

0.3%

1Y

121.1%