JSE Limited operates as a securities exchange in South Africa.
Price History & Performance
|Historical stock prices|
|Current Share Price||R104.57|
|52 Week High||R98.41|
|52 Week Low||R129.36|
|1 Month Change||-0.41%|
|3 Month Change||0.067%|
|1 Year Change||-9.23%|
|3 Year Change||-34.83%|
|5 Year Change||-32.95%|
|Change since IPO||331.22%|
Recent News & Updates
|JSE||ZA Capital Markets||ZA Market|
Return vs Industry: JSE underperformed the ZA Capital Markets industry which returned 56% over the past year.
Return vs Market: JSE underperformed the ZA Market which returned 19.9% over the past year.
Stable Share Price: JSE is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: JSE's weekly volatility (3%) has been stable over the past year.
About the Company
JSE Limited operates as a securities exchange in South Africa. It offers capital markets, post-trade, and information services. The company also provides trading services for equities and indices; debt, including corporate, green, and government bonds; and derivative markets, such as equity, bond, interest rate, commodity, and currency derivatives; and repo market, as well as offers equity market data.
JSE Fundamentals Summary
|JSE fundamental statistics|
Is JSE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|JSE income statement (TTM)|
|Cost of Revenue||R4.35m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||7.51|
|Net Profit Margin||26.66%|
How did JSE perform over the long term?See historical performance and comparison
6.9%Current Dividend Yield
Is JSE undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: JSE (ZAR104.57) is trading above our estimate of fair value (ZAR76.85)
Significantly Below Fair Value: JSE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: JSE is poor value based on its PE Ratio (13.9x) compared to the ZA Capital Markets industry average (11.5x).
PE vs Market: JSE is poor value based on its PE Ratio (13.9x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate JSE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: JSE is overvalued based on its PB Ratio (2.4x) compared to the ZA Capital Markets industry average (0.7x).
How is JSE forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if JSE's forecast earnings growth is above the savings rate (8.8%).
Earnings vs Market: Insufficient data to determine if JSE's earnings are forecast to grow faster than the ZA market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: JSE's revenue (9.6% per year) is forecast to grow faster than the ZA market (6.3% per year).
High Growth Revenue: JSE's revenue (9.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if JSE's Return on Equity is forecast to be high in 3 years time
How has JSE performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JSE has high quality earnings.
Growing Profit Margin: JSE's current net profit margins (26.7%) are lower than last year (33%).
Past Earnings Growth Analysis
Earnings Trend: JSE's earnings have declined by 6.3% per year over the past 5 years.
Accelerating Growth: JSE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: JSE had negative earnings growth (-18.5%) over the past year, making it difficult to compare to the Capital Markets industry average (35.2%).
Return on Equity
High ROE: JSE's Return on Equity (17%) is considered low.
How is JSE's financial position?
Financial Position Analysis
Short Term Liabilities: JSE's short term assets (ZAR49.0B) exceed its short term liabilities (ZAR46.9B).
Long Term Liabilities: JSE's short term assets (ZAR49.0B) exceed its long term liabilities (ZAR246.6M).
Debt to Equity History and Analysis
Debt Level: JSE is debt free.
Reducing Debt: JSE had no debt 5 years ago.
Debt Coverage: JSE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: JSE has no debt, therefore coverage of interest payments is not a concern.
What is JSE current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JSE's dividend (6.93%) is higher than the bottom 25% of dividend payers in the ZA market (3.08%).
High Dividend: JSE's dividend (6.93%) is low compared to the top 25% of dividend payers in the ZA market (8.02%).
Stability and Growth of Payments
Stable Dividend: JSE's dividend payments have been volatile in the past 10 years.
Growing Dividend: JSE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (92.3%), JSE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Leila Fourie (52 yo)
Dr. Leila Fourie, M.Com., Ph.D. has been Chief Executive Officer of JSE Ltd. since October 1, 2019 and also serves as its Executive Director since October 1, 2019. Dr. Fourie served as Director of Post-Tra...
CEO Compensation Analysis
Compensation vs Market: Leila's total compensation ($USD1.13M) is about average for companies of similar size in the ZA market ($USD906.57K).
Compensation vs Earnings: Leila's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: JSE's management team is considered experienced (4.9 years average tenure).
Experienced Board: JSE's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
JSE Limited's employee growth, exchange listings and data sources
- Name: JSE Limited
- Ticker: JSE
- Exchange: JSE
- Founded: 1887
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: R8.943b
- Shares outstanding: 85.52m
- Website: https://www.jse.co.za
Number of Employees
- JSE Limited
- One Exchange Square
- 2 Gwen Lane
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 20:58|
|End of Day Share Price||2021/10/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.