Namibian (NSX) Market Analysis & Valuation

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 09 May 2024	N$44.2b	N$23.6b	N$10.4b	6.6x	4.2x	1.9x
Sat, 06 Apr 2024	N$44.0b	N$23.5b	N$10.4b	6.3x	4.2x	1.9x
Mon, 04 Mar 2024	N$43.5b	N$23.9b	N$10.5b	6x	4.1x	1.8x
Wed, 31 Jan 2024	N$44.4b	N$23.9b	N$10.5b	6.2x	4.2x	1.9x
Fri, 29 Dec 2023	N$43.8b	N$23.9b	N$10.6b	6.2x	4.2x	1.8x
Sun, 26 Nov 2023	N$45.2b	N$23.8b	N$10.3b	6.2x	4.4x	1.9x
Tue, 24 Oct 2023	N$45.5b	N$23.3b	N$10.2b	6.4x	4.5x	2x
Thu, 21 Sep 2023	N$44.7b	N$22.7b	N$5.6b	7.5x	8x	2x
Sat, 19 Aug 2023	N$44.4b	N$21.9b	N$5.1b	7.7x	8.6x	2x
Mon, 17 Jul 2023	N$42.6b	N$21.9b	N$5.1b	7.1x	8.4x	1.9x
Wed, 14 Jun 2023	N$39.9b	N$21.9b	N$5.1b	6.7x	7.9x	1.8x
Fri, 12 May 2023	N$39.6b	N$21.8b	N$5.3b	6.7x	7.5x	1.8x
Sun, 09 Apr 2023	N$38.7b	N$21.4b	N$5.1b	6.7x	7.6x	1.8x
Tue, 07 Mar 2023	N$39.0b	N$20.7b	N$4.6b	6.7x	8.6x	1.9x
Thu, 02 Feb 2023	N$38.6b	N$20.7b	N$4.6b	6.7x	8.5x	1.9x
Sat, 31 Dec 2022	N$37.4b	N$20.6b	N$4.6b	6.7x	8.2x	1.8x
Mon, 28 Nov 2022	N$37.0b	N$20.6b	N$4.5b	6.6x	8.2x	1.8x
Wed, 26 Oct 2022	N$37.4b	N$20.5b	N$4.5b	6.4x	8.3x	1.8x
Fri, 23 Sep 2022	N$35.9b	N$20.2b	N$4.6b	6.1x	7.8x	1.8x
Sun, 21 Aug 2022	N$34.0b	N$18.7b	N$4.2b	7.3x	8.1x	1.8x
Tue, 19 Jul 2022	N$34.7b	N$18.9b	N$4.4b	6.5x	7.9x	1.8x
Thu, 16 Jun 2022	N$37.3b	N$19.1b	N$3.5b	6.4x	10.6x	2x
Sat, 14 May 2022	N$37.3b	N$19.0b	N$3.5b	6.7x	10.8x	2x
Mon, 11 Apr 2022	N$37.3b	N$19.6b	N$3.5b	6.9x	10.7x	1.9x
Wed, 09 Mar 2022	N$39.4b	N$19.2b	N$3.2b	7.4x	12.2x	2.1x
Fri, 04 Feb 2022	N$38.5b	N$18.9b	N$3.3b	7.6x	11.7x	2x
Sun, 02 Jan 2022	N$39.9b	N$18.9b	N$4.0b	7.6x	10.1x	2.1x
Tue, 30 Nov 2021	N$41.1b	N$18.2b	N$3.9b	8x	10.4x	2.3x
Thu, 28 Oct 2021	N$32.0b	N$15.3b	N$2.9b	7.3x	11x	2.1x
Sat, 25 Sep 2021	N$31.1b	N$15.0b	N$2.9b	7.4x	10.8x	2.1x
Mon, 23 Aug 2021	N$31.1b	N$15.6b	N$2.5b	7.1x	12.3x	2x
Sat, 10 Jul 2021	N$30.5b	N$15.6b	N$2.5b	6.7x	12x	2x

Current Market PE

Investors are pessimistic on the Namibian market, indicating that they anticipate earnings will not grow as fast as they have historically.

The market is trading at a PE ratio of 4.2x which is lower than its 3-year average PE of 8.5x.

Past Earnings Growth

The earnings for Namibian listed companies have grown 64% per year over the last three years.
Revenues for these companies have grown 16% 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 Namibian Market?


NA Market	-0.13%
Energy	0%
Real Estate	0%
Materials	0%
Industrials	0%
Consumer Discretionary	0%
Consumer Staples	0%
Healthcare	0%
Tech	0%
Utilities	0%
Telecom	-0.035%
Financials	-0.18%

Sector PE

Investors favour the Telecom sector the most for future growth even though it's trading below its 3-year average PE ratio of 11.0x.

It looks like investors are confident that earnings will grow faster in the future than they have historically.

The Consumer Staples sector is the least preferred by investors for future growth, which is trading below its 3-year average of 22.2x.

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
CGP Capricorn Group	R18.34	0.3% +R30.3m	33.9%	PB1x	Financials
LHN Letshego Holdings (Namibia)	R4.65	1.1% +R25.0m	24.0%	PE6.6x	Financials
TUC Trustco Group Holdings	R0.22	10.0% +R18.8m	-56.0%	PB0.2x	Financials
SNO SBN Holdings	R8.51	0.1% +R5.2m	6.5%	PB0.9x	Financials

Company

Last Price

Valuation

Sector

CGP Capricorn Group

R18.34

0.3%
+R30.3m

33.9%

PB1x

Financials

LHN Letshego Holdings (Namibia)

R4.65