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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies4
  • 7D26.3%
  • 3M273.4%
  • 1Y1,351.7%
  • YTD214.4%

The market is up 26% over the last week, with the Consumer Staples sector leading the way, up 31%. The market is up 1,352% over the last 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024Z$17.1tZ$1.9tZ$383.0b44.3x44.6x9.1x
Thu, 15 Feb 2024Z$11.3tZ$1.4tZ$336.2b78.7x33.7x8.2x
Sat, 13 Jan 2024Z$7.6tZ$1.5tZ$348.2b30.9x21.9x5x
Mon, 11 Dec 2023Z$5.4tZ$1.5tZ$348.2b30.9x15.6x3.5x
Wed, 08 Nov 2023Z$1.0tZ$305.6bZ$13.4b41.8x76.1x3.3x
Fri, 06 Oct 2023Z$940.1bZ$305.6bZ$13.4b35.3x70.2x3.1x
Sun, 03 Sep 2023Z$857.6bZ$305.0bZ$13.0b28.5x66.1x2.8x
Tue, 01 Aug 2023Z$785.9bZ$305.0bZ$13.0b25.7x60.5x2.6x
Thu, 29 Jun 2023Z$889.8bZ$288.8bZ$10.8b24.6x82.4x3.1x
Sat, 27 May 2023Z$730.2bZ$235.2bZ$17.9b70.1x40.7x3.1x
Mon, 24 Apr 2023Z$403.7bZ$235.2bZ$17.9b32.5x22.5x1.7x
Wed, 22 Mar 2023Z$502.9bZ$226.8bZ$17.6b30.9x28.5x2.2x
Fri, 17 Feb 2023Z$463.2bZ$226.8bZ$17.6b32.3x26.3x2x
Sun, 15 Jan 2023Z$387.8bZ$185.8bZ$15.3b25.6x25.3x2.1x
Tue, 13 Dec 2022Z$308.5bZ$186.2bZ$13.2b19.5x23.3x1.7x
Thu, 10 Nov 2022Z$305.6bZ$186.2bZ$13.2b24.3x23.1x1.6x
Sat, 08 Oct 2022Z$280.1bZ$186.2bZ$13.2b21.9x21.1x1.5x
Mon, 05 Sep 2022Z$231.7bZ$85.2bZ$5.7b30.6x40.6x2.7x
Wed, 03 Aug 2022Z$324.3bZ$85.2bZ$5.7b43.4x56.8x3.8x
Fri, 01 Jul 2022Z$388.9bZ$74.7bZ$6.2b61.6x62.4x5.2x
Sun, 29 May 2022Z$480.7bZ$72.9bZ$6.6b71.4x72.7x6.6x
Tue, 26 Apr 2022Z$672.1bZ$71.7bZ$6.6b99.9x102.3x9.4x
Thu, 24 Mar 2022Z$335.9bZ$63.5bZ$5.0b49.3x67.1x5.3x
Sat, 19 Feb 2022Z$365.5bZ$61.9bZ$4.8b71.1x76x5.9x
Mon, 17 Jan 2022Z$242.0bZ$57.9bZ$427.1m55.6x566.6x4.2x
Wed, 15 Dec 2021Z$190.2bZ$58.3bZ$556.4m47.7x341.9x3.3x
Fri, 12 Nov 2021Z$248.3bZ$79.8b-Z$963,997,580.0051.8x-257.6x3.1x
Sun, 10 Oct 2021Z$101.9bZ$69.7b-Z$707,941,909.0043.3x-143.9x1.5x
Tue, 07 Sep 2021Z$76.2bZ$53.1b-Z$1,857,272,243.5037.2x-41x1.4x
Thu, 05 Aug 2021Z$91.4bZ$81.4bZ$1.7b34.2x52.6x1.1x
Sun, 09 May 2021Z$73.4bZ$81.4bZ$1.7b21x42.2x0.9x
Price to Earnings Ratio

41x


Total Market Cap: Z$71.2bTotal Earnings: Z$1.7bTotal Revenue: Z$81.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 58.4x202220232024
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 44.6x which is lower than its 3-year average PE of 58.4x.
Past Earnings Growth
  • The earnings for Zimbabwean listed companies have grown 504% per year over the last three years.
  • Revenues for these companies have grown 185% 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 Market26.26%
Consumer Staples31.01%
Materials8.51%
Financials0.72%
Energy0%
Real Estate0%
Consumer Discretionary0%
Healthcare0%
Tech0%
Telecom0%
Utilities0%
Industrials-0.0037%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 80.5x.
    • 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 DeltaZ$13.35k50.7%
+Z$5.7t
1,762.3%PE51xConsumer Staples
EHZL EcoCash Holdings ZimbabweZ$599.872.0%
+Z$31.0b
620.7%PS8.5xFinancials
NPKZ Nampak ZimbabweZ$500.008.5%
+Z$29.6b
1,450.4%PE7.3xMaterials
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

DLTA

Z$11,611.35

Delta

7D

31.0%

1Y

1,519.4%

NPKZ

Z$500.00

Nampak Zimbabwe

7D

8.5%

1Y

1,450.4%

PROL

Z$1,293.95

Proplastics

7D

-0.004%

1Y

1,516.4%

EHZL

Z$592.11

EcoCash Holdings Zimbabwe

7D

0.7%

1Y

611.4%