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Zimbabwean (ZSE) Market Analysis & Valuation

UpdatedJun 01, 2024
DataAggregated Company Financials
Companies4
  • 7D9.7%
  • 3Mn/a
  • 1Yn/a
  • YTDn/a

The market has climbed 9.7% in the last 7 days, lead by the Consumer Staples sector with a gain of 10%. On the other hand, with a decline of 13%, the Materials sector is lagging behind.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Jun 2024Z$11.2bZ$1.0tZ$80.2b0.3x0.1x0.01x
Mon, 29 Apr 2024Z$24.7tZ$2.3tZ$382.6b64.9x64.6x10.7x
Wed, 27 Mar 2024Z$20.9tZ$1.9tZ$383.0b55x54.4x11.1x
Fri, 23 Feb 2024Z$11.3tZ$1.9tZ$383.0b27.2x29.5x6x
Sun, 21 Jan 2024Z$9.8tZ$1.5tZ$348.2b30.9x28.3x6.4x
Tue, 19 Dec 2023Z$5.0tZ$1.5tZ$348.2b30.9x14.4x3.3x
Thu, 16 Nov 2023Z$966.9bZ$413.7bZ$13.1b41.8x73.6x2.3x
Sat, 14 Oct 2023Z$1.0tZ$305.6bZ$13.4b43.8x77.5x3.4x
Mon, 11 Sep 2023Z$910.0bZ$305.0bZ$13.0b29.8x70.1x3x
Wed, 09 Aug 2023Z$835.4bZ$305.0bZ$13.0b25.3x64.4x2.7x
Fri, 07 Jul 2023Z$957.5bZ$305.0bZ$13.0b22.8x73.8x3.1x
Sun, 04 Jun 2023Z$769.2bZ$235.7bZ$17.9b30.9x43.1x3.3x
Tue, 02 May 2023Z$479.5bZ$235.2bZ$17.9b41.9x26.7x2x
Thu, 30 Mar 2023Z$472.9bZ$226.8bZ$17.6b30.9x26.8x2.1x
Sat, 25 Feb 2023Z$453.8bZ$226.8bZ$17.6b30.9x25.7x2x
Mon, 23 Jan 2023Z$382.1bZ$185.8bZ$15.3b33.6x24.9x2.1x
Wed, 21 Dec 2022Z$325.7bZ$186.2bZ$13.2b23.3x24.6x1.7x
Fri, 18 Nov 2022Z$283.1bZ$186.2bZ$13.2b20.7x21.4x1.5x
Sun, 16 Oct 2022Z$287.2bZ$186.2bZ$13.2b23x21.7x1.5x
Tue, 13 Sep 2022Z$208.9bZ$85.2bZ$5.7b25.2x36.6x2.5x
Thu, 11 Aug 2022Z$305.1bZ$85.2bZ$5.7b39.4x53.4x3.6x
Sat, 09 Jul 2022Z$334.9bZ$74.7bZ$6.2b42.3x53.8x4.5x
Mon, 06 Jun 2022Z$564.6bZ$72.9bZ$6.6b78.1x85.4x7.7x
Wed, 04 May 2022Z$747.6bZ$71.7bZ$6.6b113.9x113.8x10.4x
Fri, 01 Apr 2022Z$373.8bZ$71.4bZ$6.5b44.2x57.8x5.2x
Sun, 27 Feb 2022Z$346.7bZ$63.5bZ$5.0b44.2x69.3x5.5x
Tue, 25 Jan 2022Z$245.5bZ$57.9bZ$427.1m58.5x574.8x4.2x
Thu, 23 Dec 2021Z$177.3bZ$58.3bZ$556.4m46.6x318.7x3x
Sat, 20 Nov 2021Z$256.7bZ$79.8b-Z$963,997,580.0051.1x-266.3x3.2x
Mon, 18 Oct 2021Z$121.5bZ$69.8b-Z$736,019,087.0049.2x-165.1x1.7x
Wed, 15 Sep 2021Z$79.5bZ$53.1b-Z$1,857,272,243.5038.8x-42.8x1.5x
Fri, 13 Aug 2021Z$95.0bZ$81.4bZ$1.7b33.6x54.7x1.2x
Tue, 08 Jun 2021Z$82.6bZ$81.4bZ$1.7b30.3x47.5x1x
Price to Earnings Ratio

47.5x


Total Market Cap: Z$82.6bTotal Earnings: Z$1.7bTotal Revenue: Z$81.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Zimbabwean Market Price to Earnings3Y Average 58.1x202220232024
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 0.14x which is lower than its 3-year average PE of 58.1x.
Past Earnings Growth
  • The earnings for Zimbabwean listed companies have grown 259% per year over the last three years.
  • Revenues for these companies have grown 132% 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 Market9.74%
Consumer Staples10.50%
Financials10.09%
Industrials4.93%
Energy0%
Real Estate0%
Consumer Discretionary0%
Healthcare0%
Tech0%
Telecom0%
Utilities0%
Materials-12.50%
Sector PE
  • Investors favour the Industrials sector the most for future growth even though it's trading below its 3-year average PE ratio of 147x.
    • 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$8.0910.5%
+Z$982.8m		-99.7%PE0.3xConsumer Staples
EHZL EcoCash Holdings ZimbabweZ$0.1810.1%
+Z$42.7m		-99.9%PS0.003xFinancials
PROL ProplasticsZ$0.444.9%
+Z$5.4m		-99.9%PE0.7xIndustrials
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DLTA

Z$8.09

Delta

7D

10.5%

1Y

-99.7%

EHZL

Z$0.18

EcoCash Holdings Zimbabwe

7D

10.1%

1Y

-99.9%

PROL

Z$0.44

Proplastics

7D

4.9%

1Y

-99.9%

NPKZ

Z$0.35

Nampak Zimbabwe

7D

-12.5%

1Y

-99.2%