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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 08 Jun 2023 | Z$785.3b | Z$288.8b | Z$10.8b | 22.8x | 72.7x | 2.7x |
| Sat, 06 May 2023 | Z$523.9b | Z$235.2b | Z$17.9b | 48x | 29.2x | 2.2x |
| Mon, 03 Apr 2023 | Z$469.1b | Z$226.8b | Z$17.6b | 30.9x | 26.6x | 2.1x |
| Wed, 01 Mar 2023 | Z$454.5b | Z$226.8b | Z$17.6b | 30.9x | 25.8x | 2x |
| Fri, 27 Jan 2023 | Z$370.4b | Z$185.8b | Z$15.3b | 29.2x | 24.2x | 2x |
| Sun, 25 Dec 2022 | Z$331.1b | Z$186.2b | Z$13.2b | 24.2x | 25x | 1.8x |
| Tue, 22 Nov 2022 | Z$282.2b | Z$186.2b | Z$13.2b | 20.7x | 21.3x | 1.5x |
| Thu, 20 Oct 2022 | Z$299.7b | Z$186.2b | Z$13.2b | 21.9x | 22.6x | 1.6x |
| Sat, 17 Sep 2022 | Z$178.5b | Z$85.2b | Z$5.7b | 22x | 31.2x | 2.1x |
| Mon, 15 Aug 2022 | Z$294.1b | Z$85.2b | Z$5.7b | 37x | 51.5x | 3.5x |
| Wed, 13 Jul 2022 | Z$313.5b | Z$74.7b | Z$6.2b | 40.1x | 50.3x | 4.2x |
| Fri, 10 Jun 2022 | Z$574.9b | Z$74.7b | Z$6.2b | 78x | 92.3x | 7.7x |
| Sun, 08 May 2022 | Z$713.5b | Z$71.7b | Z$6.6b | 107.1x | 108.6x | 10x |
| Tue, 05 Apr 2022 | Z$409.1b | Z$71.4b | Z$6.5b | 48x | 63.2x | 5.7x |
| Thu, 03 Mar 2022 | Z$340.8b | Z$63.5b | Z$5.0b | 48.3x | 68.1x | 5.4x |
| Sat, 29 Jan 2022 | Z$270.4b | Z$57.9b | Z$427.1m | 60.1x | 633x | 4.7x |
| Mon, 27 Dec 2021 | Z$170.5b | Z$58.3b | Z$556.4m | 45.5x | 306.5x | 2.9x |
| Wed, 24 Nov 2021 | Z$225.3b | Z$56.2b | -Z$1,312,207,602.00 | 47.1x | -171.7x | 4x |
| Fri, 22 Oct 2021 | Z$126.6b | Z$69.8b | -Z$736,019,087.00 | 52.9x | -172x | 1.8x |
| Sun, 19 Sep 2021 | Z$79.7b | Z$53.1b | -Z$1,857,272,244.00 | 38.9x | -42.9x | 1.5x |
| Tue, 17 Aug 2021 | Z$94.2b | Z$81.4b | Z$1.7b | 32.9x | 54.2x | 1.2x |
| Tue, 01 Jun 2021 | Z$82.6b | Z$81.4b | Z$1.7b | 30.3x | 47.5x | 1x |
| Fri, 05 Mar 2021 | Z$61.8b | Z$80.0b | Z$2.9b | 21.1x | 21x | 0.8x |
| Mon, 07 Dec 2020 | Z$28.6b | Z$71.1b | Z$5.3b | 6x | 5.4x | 0.4x |
| Thu, 10 Sep 2020 | Z$26.5b | Z$64.3b | Z$5.0b | 5x | 5.2x | 0.4x |
Price to Earnings Ratio
12.9x
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 Market | 12.73% | |
| Financials | 19.84% | |
| Materials | 12.63% | |
| Industrials | 7.61% | |
| Energy | 0% | |
| Real Estate | 0% | |
| Consumer Discretionary | 0% | |
| Consumer Staples | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
| Utilities | 0% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| EHZL EcoCash Holdings Zimbabwe | Z$168.47 | 22.1% +Z$78.9b | 34.9% | PS5.8x | Financials | |
| PROL Proplastics | Z$436.95 | 14.1% +Z$13.9b | 572.2% | PE1017.1x | Industrials | |
| NPKZ Nampak Zimbabwe | Z$45.05 | 12.6% +Z$3.8b | 165.0% | PE13x | Materials | |
| GBZW GetBucks Microfinance Bank | Z$32.83 | 0.3% +Z$124.5m | 121.1% | PS50.6x | Financials |
Market Insights
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