Zambian (LSE) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies19
- 7D1.4%
- 3M5.2%
- 1Y64.0%
- YTD24.0%
The market is up 1.4% over the last week, with the Utilities sector leading the way, up 5.2%. The market is up 64% over the last 12 months. As for the next few years, earnings are expected to grow by 25% per annum.
Market Valuation and Performance
Has the Zambian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | ZK58.5b | ZK56.6b | ZK9.7b | 6.4x | 6x | 1x |
| Fri, 17 May 2024 | ZK56.9b | ZK53.9b | ZK10.1b | 6.7x | 5.6x | 1.1x |
| Sun, 14 Apr 2024 | ZK56.4b | ZK53.8b | ZK10.0b | 6.6x | 5.6x | 1x |
| Tue, 12 Mar 2024 | ZK54.6b | ZK53.1b | ZK11.1b | 6.6x | 4.9x | 1x |
| Thu, 08 Feb 2024 | ZK50.1b | ZK53.2b | ZK8.7b | 10.3x | 5.7x | 0.9x |
| Sat, 06 Jan 2024 | ZK48.1b | ZK51.8b | ZK8.3b | 10.2x | 5.8x | 0.9x |
| Mon, 04 Dec 2023 | ZK48.8b | ZK49.2b | ZK7.8b | 7.1x | 6.3x | 1x |
| Wed, 01 Nov 2023 | ZK44.1b | ZK46.7b | ZK7.2b | 5.8x | 6.1x | 0.9x |
| Fri, 29 Sep 2023 | ZK41.1b | ZK46.2b | ZK7.0b | 5.5x | 5.9x | 0.9x |
| Sun, 27 Aug 2023 | ZK38.8b | ZK37.1b | ZK5.0b | 8.2x | 7.8x | 1x |
| Tue, 25 Jul 2023 | ZK36.8b | ZK37.5b | ZK5.0b | 8.2x | 7.4x | 1x |
| Thu, 22 Jun 2023 | ZK36.8b | ZK36.9b | ZK5.1b | 8.1x | 7.2x | 1x |
| Sat, 20 May 2023 | ZK36.5b | ZK37.4b | ZK5.2b | 7.8x | 7x | 1x |
| Mon, 17 Apr 2023 | ZK35.7b | ZK36.2b | ZK4.9b | 7.7x | 7.3x | 1x |
| Wed, 15 Mar 2023 | ZK32.7b | ZK35.6b | ZK4.2b | 7.5x | 7.8x | 0.9x |
| Fri, 10 Feb 2023 | ZK32.5b | ZK35.2b | ZK4.2b | 7.5x | 7.8x | 0.9x |
| Sun, 08 Jan 2023 | ZK33.4b | ZK32.4b | ZK3.4b | 8.5x | 9.8x | 1x |
| Tue, 06 Dec 2022 | ZK33.1b | ZK37.1b | ZK3.8b | 6.5x | 8.7x | 0.9x |
| Thu, 03 Nov 2022 | ZK32.7b | ZK36.8b | ZK3.8b | 6.5x | 8.7x | 0.9x |
| Sat, 01 Oct 2022 | ZK33.1b | ZK31.3b | ZK3.7b | 5.9x | 9x | 1.1x |
| Mon, 29 Aug 2022 | ZK31.9b | ZK31.2b | ZK3.6b | 5.9x | 8.8x | 1x |
| Wed, 27 Jul 2022 | ZK31.1b | ZK31.2b | ZK3.6b | 5.8x | 8.6x | 1x |
| Fri, 24 Jun 2022 | ZK29.8b | ZK37.8b | ZK3.9b | 5.8x | 7.7x | 0.8x |
| Sun, 22 May 2022 | ZK29.5b | ZK37.1b | ZK3.9b | 5.8x | 7.6x | 0.8x |
| Tue, 19 Apr 2022 | ZK29.8b | ZK36.8b | ZK4.1b | 5.9x | 7.2x | 0.8x |
| Thu, 17 Mar 2022 | ZK26.6b | ZK31.8b | ZK3.4b | 5.4x | 7.9x | 0.8x |
| Sat, 12 Feb 2022 | ZK25.8b | ZK32.1b | ZK3.4b | 5.4x | 7.5x | 0.8x |
| Mon, 10 Jan 2022 | ZK24.9b | ZK31.5b | ZK3.3b | 5.4x | 7.5x | 0.8x |
| Wed, 08 Dec 2021 | ZK21.3b | ZK30.8b | ZK3.1b | 3.8x | 6.9x | 0.7x |
| Fri, 05 Nov 2021 | ZK19.3b | ZK28.4b | ZK2.4b | 5.8x | 8.1x | 0.7x |
| Sun, 03 Oct 2021 | ZK18.3b | ZK28.2b | ZK2.3b | 5.1x | 7.8x | 0.7x |
| Tue, 31 Aug 2021 | ZK16.4b | ZK31.9b | ZK1.5b | 7.3x | 11.3x | 0.5x |
| Wed, 07 Jul 2021 | ZK16.0b | ZK31.9b | ZK1.5b | 7.2x | 11x | 0.5x |
Price to Earnings Ratio
11x
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 89% 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 | 1.43% | |
| Energy | 5.33% | |
| Utilities | 5.21% | |
| Materials | 1.02% | |
| Consumer Staples | 0.039% | |
| Real Estate | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
| Financials | -0.19% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 9.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings growth of 2.4% per year.
- 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 Growth
- Analysts are most optimistic on the Consumer Staples sector, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 2.4% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|---|
| CEC Copperbelt Energy | K8.46 | 5.6% +K731.3m | 69.2% | PE3.9x | Utilities | |
| PUMA Puma Energy Zambia | K3.95 | 5.3% +K100.0m | 62.6% | PE7.8x | Energy | |
| ZFCO Zambia Forestry and Forest Industries | K2.53 | 5.4% +K52.0m | n/a | PE0.9x | Materials | |
| BATZ British American Tobacco (Zambia) | K2.53 | 1.2% +K6.4m | n/a | PE4.8x | Consumer Staples |
