Zambian (LSE) Market Analysis & Valuation
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies19
- 7D0.2%
- 3M7.3%
- 1Y59.6%
- YTD21.7%
In the last week, the market has stayed flat, however the Consumer Discretionary sector stood out, gaining 9.8%. As for the longer term, the market has risen 60% in the past 12 months.
Market Valuation and Performance
Has the Zambian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Jun 2024 | ZK58.0b | ZK56.6b | ZK9.7b | 6.4x | 6x | 1x |
| Mon, 29 Apr 2024 | ZK56.7b | ZK54.3b | ZK10.3b | 6.5x | 5.5x | 1x |
| Wed, 27 Mar 2024 | ZK55.1b | ZK53.4b | ZK9.8b | 6.6x | 5.6x | 1x |
| Fri, 23 Feb 2024 | ZK51.6b | ZK51.6b | ZK8.2b | 10.3x | 6.3x | 1x |
| Sun, 21 Jan 2024 | ZK48.4b | ZK52.0b | ZK8.4b | 10.3x | 5.8x | 0.9x |
| Tue, 19 Dec 2023 | ZK48.1b | ZK50.4b | ZK8.2b | 5.7x | 5.9x | 1x |
| Thu, 16 Nov 2023 | ZK47.6b | ZK48.9b | ZK7.7b | 7.1x | 6.2x | 1x |
| Sat, 14 Oct 2023 | ZK42.5b | ZK46.5b | ZK7.1b | 5.5x | 6x | 0.9x |
| Mon, 11 Sep 2023 | ZK40.6b | ZK46.2b | ZK7.0b | 5.5x | 5.8x | 0.9x |
| Wed, 09 Aug 2023 | ZK37.3b | ZK36.7b | ZK4.8b | 8.4x | 7.8x | 1x |
| Fri, 07 Jul 2023 | ZK36.8b | ZK36.9b | ZK4.9b | 8.9x | 7.5x | 1x |
| Sun, 04 Jun 2023 | ZK36.8b | ZK37.8b | ZK5.2b | 7.6x | 7x | 1x |
| Tue, 02 May 2023 | ZK35.9b | ZK37.0b | ZK5.1b | 7.5x | 7x | 1x |
| Thu, 30 Mar 2023 | ZK34.8b | ZK37.2b | ZK4.2b | 8.5x | 8.3x | 0.9x |
| Sat, 25 Feb 2023 | ZK32.8b | ZK35.4b | ZK4.2b | 7.5x | 7.8x | 0.9x |
| Mon, 23 Jan 2023 | ZK32.8b | ZK32.6b | ZK3.4b | 8.5x | 9.6x | 1x |
| Wed, 21 Dec 2022 | ZK33.3b | ZK37.4b | ZK3.5b | 7.5x | 9.4x | 0.9x |
| Fri, 18 Nov 2022 | ZK32.7b | ZK36.9b | ZK3.8b | 6.5x | 8.6x | 0.9x |
| Sun, 16 Oct 2022 | ZK32.7b | ZK36.7b | ZK3.8b | 6.5x | 8.7x | 0.9x |
| Tue, 13 Sep 2022 | ZK32.1b | ZK30.9b | ZK3.6b | 5.9x | 8.9x | 1x |
| Thu, 11 Aug 2022 | ZK31.3b | ZK31.1b | ZK3.6b | 5.9x | 8.7x | 1x |
| Sat, 09 Jul 2022 | ZK30.8b | ZK31.2b | ZK3.6b | 5.8x | 8.5x | 1x |
| Mon, 06 Jun 2022 | ZK29.6b | ZK37.4b | ZK3.7b | 5.8x | 7.9x | 0.8x |
| Wed, 04 May 2022 | ZK29.5b | ZK37.1b | ZK4.2b | 5.1x | 7x | 0.8x |
| Fri, 01 Apr 2022 | ZK27.4b | ZK32.1b | ZK2.7b | 7.4x | 10.2x | 0.9x |
| Sun, 27 Feb 2022 | ZK25.8b | ZK31.8b | ZK3.4b | 5.4x | 7.7x | 0.8x |
| Tue, 25 Jan 2022 | ZK24.6b | ZK31.7b | ZK3.3b | 5.4x | 7.3x | 0.8x |
| Thu, 23 Dec 2021 | ZK22.7b | ZK30.6b | ZK3.1b | 6x | 7.4x | 0.7x |
| Sat, 20 Nov 2021 | ZK21.4b | ZK29.4b | ZK2.7b | 6.5x | 7.9x | 0.7x |
| Mon, 18 Oct 2021 | ZK18.6b | ZK28.2b | ZK2.4b | 5.1x | 7.9x | 0.7x |
| Wed, 15 Sep 2021 | ZK16.9b | ZK31.6b | ZK2.7b | 6.6x | 6.3x | 0.5x |
| Fri, 13 Aug 2021 | ZK16.2b | ZK31.9b | ZK1.5b | 7.3x | 11.1x | 0.5x |
| Tue, 08 Jun 2021 | ZK14.4b | ZK31.7b | ZK1.4b | 4.9x | 10.3x | 0.5x |
Price to Earnings Ratio
10.3x
Current Market PE
- Investors are pessimistic on the Zambian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 6.0x which is lower than its 3-year average PE of 7.6x.
Past Earnings Growth
- The earnings for Zambian listed companies have grown 90% per year over the last three years.
- Revenues for these companies have grown 21% 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 Zambian Market?
| ZM Market | 0.21% | |
| Consumer Discretionary | 9.83% | |
| Utilities | 0.36% | |
| Consumer Staples | 0.02% | |
| Energy | 0% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Industrials | 0% | |
| Healthcare | 0% | |
| Financials | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 8.9x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Industrials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| BATA Zambia Bata Shoe | K4.88 | 25.1% +K74.6m | n/a | PE8.8x | Consumer Discretionary | |
| CEC Copperbelt Energy | K7.77 | 0.3% +K32.5m | 55.4% | PE3.5x | Utilities | |
| CCFA CEC Africa Investments | K0.60 | 1.7% +K16.3m | 33.3% | n/a | Utilities | |
| BATZ British American Tobacco (Zambia) | K2.50 | 1.2% +K6.4m | 31.6% | PE4.7x | Consumer Staples |
