JSE Limited Logo

JSE Limited

JSE.JO

(2.5)
Stock Price

11.631,00 ZAc

1.5% ROA

19.5% ROE

12.23x PER

Market Cap.

10.109.645.875,00 ZAc

1.97% DER

6.27% Yield

15.9% NPM

JSE Limited Stock Analysis

JSE Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

JSE Limited Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (17.84%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 DER

The stock has a low debt to equity ratio (5%), which means it has a small amount of debt compared to the ownership it holds

3 Assets Growth

This company's revenue has experienced steady growth over the last five years, indicating a reliable and prosperous financial trajectory.

4 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

5 ROA

The stock's ROA (1.23%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

6 PBV

The stock's PBV ratio (1.85x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

7 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

8 Net Profit Growth

The net profit of this company has shown no signs of growth over the last five years, suggesting limited profitability and making it a less attractive investment opportunity.

9 Graham Number

The company's Graham number suggests that its stock price is overestimated, implying that it may not be a promising investment opportunity.

10 Dividend Growth

The company's dividend growth has remained unchanged for three years, signaling a lack of positive momentum and making it a less favorable investment choice.

11 Buffet Intrinsic Value

The company's stock shows signs of being overvalued (323) according to Warren Buffett's formula, indicating a potential downside as its market price exceeds its estimated intrinsic value.

JSE Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

JSE Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

JSE Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

JSE Limited Revenue
Year Revenue Growth
2002 349.437.000
2003 329.702.000 -5.99%
2004 376.355.000 12.4%
2005 407.999.000 7.76%
2006 640.377.000 36.29%
2007 877.426.000 27.02%
2008 1.111.375.000 21.05%
2009 1.196.303.000 7.1%
2010 1.305.415.000 8.36%
2011 1.416.790.000 7.86%
2012 1.384.867.000 -2.31%
2013 1.577.552.000 12.21%
2014 1.778.629.000 11.31%
2015 2.133.548.000 16.64%
2016 2.338.796.000 8.78%
2017 2.229.046.000 -4.92%
2018 2.198.480.000 -1.39%
2019 2.187.247.000 -0.51%
2020 2.446.368.000 10.59%
2021 2.517.467.000 2.82%
2022 2.649.979.000 5%
2023 2.831.632.000 6.42%
2024 15.342.688.000 81.54%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

JSE Limited Research and Development Expenses
Year Research and Development Expenses Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

JSE Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2002 0
2003 0 0%
2004 0 0%
2005 117.414.000 100%
2006 162.986.000 27.96%
2007 230.069.000 29.16%
2008 0 0%
2009 0 0%
2010 177.176.000 100%
2011 174.296.000 -1.65%
2012 82.368.000 -111.61%
2013 23.259.000 -254.13%
2014 31.018.000 25.01%
2015 26.523.000 -16.95%
2016 0 0%
2017 23.537.000 100%
2018 11.069.000 -112.64%
2019 9.925.000 -11.53%
2020 19.918.000 50.17%
2021 21.757.000 8.45%
2022 20.634.000 -5.44%
2023 74.978.000 72.48%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

JSE Limited EBITDA
Year EBITDA Growth
2002 18.726.000
2003 -26.844.000 169.76%
2004 84.118.000 131.91%
2005 472.123.000 82.18%
2006 129.200.000 -265.42%
2007 276.182.000 53.22%
2008 473.972.000 41.73%
2009 967.282.000 51%
2010 605.632.000 -59.71%
2011 934.085.000 35.16%
2012 1.452.303.000 35.68%
2013 1.733.401.000 16.22%
2014 2.373.372.000 26.96%
2015 3.282.510.000 27.7%
2016 4.283.410.000 23.37%
2017 4.285.578.000 0.05%
2018 3.923.572.000 -9.23%
2019 3.899.975.000 -0.61%
2020 3.548.337.000 -9.91%
2021 3.106.061.000 -14.24%
2022 4.509.152.000 31.12%
2023 1.025.636.000 -339.64%
2024 2.622.628.000 60.89%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

JSE Limited Gross Profit
Year Gross Profit Growth
2002 349.437.000
2003 329.702.000 -5.99%
2004 376.355.000 12.4%
2005 407.999.000 7.76%
2006 640.377.000 36.29%
2007 877.426.000 27.02%
2008 1.111.375.000 21.05%
2009 1.196.303.000 7.1%
2010 1.305.415.000 8.36%
2011 1.416.790.000 7.86%
2012 982.961.000 -44.13%
2013 923.249.000 -6.47%
2014 1.074.672.000 14.09%
2015 1.347.243.000 20.23%
2016 1.514.562.000 11.05%
2017 1.393.301.000 -8.7%
2018 1.396.879.000 0.26%
2019 1.305.354.000 -7.01%
2020 1.435.552.000 9.07%
2021 1.467.730.000 2.19%
2022 1.551.921.000 5.42%
2023 1.637.916.000 5.25%
2024 5.842.100.000 71.96%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

JSE Limited Net Profit
Year Net Profit Growth
2002 47.970.000
2003 19.571.000 -145.11%
2004 88.901.000 77.99%
2005 106.997.000 16.91%
2006 141.050.000 24.14%
2007 273.238.000 48.38%
2008 374.357.000 27.01%
2009 365.601.000 -2.39%
2010 378.007.000 3.28%
2011 341.795.000 -10.59%
2012 302.111.000 -13.14%
2013 506.628.000 40.37%
2014 634.339.000 20.13%
2015 899.478.000 29.48%
2016 919.702.000 2.2%
2017 835.508.000 -10.08%
2018 903.582.000 7.53%
2019 695.112.000 -29.99%
2020 778.389.000 10.7%
2021 722.443.000 -7.74%
2022 748.556.000 3.49%
2023 830.979.000 9.92%
2024 1.970.760.000 57.83%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

JSE Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2002 1
2003 0 0%
2004 1 0%
2005 1 100%
2006 2 0%
2007 3 66.67%
2008 4 25%
2009 4 0%
2010 4 0%
2011 4 0%
2012 4 -33.33%
2013 6 40%
2014 7 28.57%
2015 11 30%
2016 11 0%
2017 10 0%
2018 11 0%
2019 8 -25%
2020 9 11.11%
2021 9 -12.5%
2022 9 11.11%
2023 10 10%
2024 24 58.33%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

JSE Limited Free Cashflow
Year Free Cashflow Growth
2002 58.018.000
2003 -4.583.000 1365.94%
2004 -2.875.000 -59.41%
2005 16.657.000 117.26%
2006 221.922.000 92.49%
2007 298.460.000 25.64%
2008 333.480.000 10.5%
2009 237.751.000 -40.26%
2010 263.150.000 9.65%
2011 263.490.000 0.13%
2012 332.559.000 20.77%
2013 604.136.000 44.95%
2014 686.847.000 12.04%
2015 708.941.000 3.12%
2016 775.536.000 8.59%
2017 794.624.000 2.4%
2018 739.006.000 -7.53%
2019 775.343.000 4.69%
2020 795.853.000 2.58%
2021 751.969.000 -5.84%
2022 784.636.000 4.16%
2023 964.196.000 18.62%
2024 498.538.000 -93.4%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

JSE Limited Operating Cashflow
Year Operating Cashflow Growth
2002 89.014.000
2003 -1.936.000 4697.83%
2004 97.692.000 101.98%
2005 81.904.000 -19.28%
2006 232.198.000 64.73%
2007 329.041.000 29.43%
2008 489.244.000 32.75%
2009 354.561.000 -37.99%
2010 419.960.000 15.57%
2011 552.105.000 23.93%
2012 431.253.000 -28.02%
2013 685.631.000 37.1%
2014 818.051.000 16.19%
2015 888.303.000 7.91%
2016 976.102.000 8.99%
2017 976.524.000 0.04%
2018 913.212.000 -6.93%
2019 880.444.000 -3.72%
2020 1.002.760.000 12.2%
2021 917.252.000 -9.32%
2022 977.747.000 6.19%
2023 1.131.703.000 13.6%
2024 526.725.000 -114.86%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

JSE Limited Capital Expenditure
Year Capital Expenditure Growth
2002 30.996.000
2003 2.647.000 -1070.99%
2004 100.567.000 97.37%
2005 65.247.000 -54.13%
2006 10.276.000 -534.95%
2007 30.581.000 66.4%
2008 155.764.000 80.37%
2009 116.810.000 -33.35%
2010 156.810.000 25.51%
2011 288.615.000 45.67%
2012 98.694.000 -192.43%
2013 81.495.000 -21.1%
2014 131.204.000 37.89%
2015 179.362.000 26.85%
2016 200.566.000 10.57%
2017 181.900.000 -10.26%
2018 174.206.000 -4.42%
2019 105.101.000 -65.75%
2020 206.907.000 49.2%
2021 165.283.000 -25.18%
2022 193.111.000 14.41%
2023 167.507.000 -15.29%
2024 28.187.000 -494.27%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

JSE Limited Equity
Year Equity Growth
2002 509.236.000
2003 528.807.000 3.7%
2004 617.708.000 14.39%
2005 682.604.000 9.51%
2006 833.540.000 18.11%
2007 1.108.678.000 24.82%
2008 1.373.492.000 19.28%
2009 1.604.724.000 14.41%
2010 1.791.104.000 10.41%
2011 1.769.068.000 -1.25%
2012 1.871.021.000 5.45%
2013 2.188.466.000 14.51%
2014 2.473.994.000 11.54%
2015 2.956.152.000 16.31%
2016 3.269.531.000 9.58%
2017 3.626.381.000 9.84%
2018 3.968.441.000 8.62%
2019 3.969.631.000 0.03%
2020 4.154.288.000 4.44%
2021 4.218.981.000 1.53%
2022 4.173.147.000 -1.1%
2023 4.043.519.000 -3.21%
2023 4.386.147.000 7.81%
2024 4.135.008.000 -6.07%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

JSE Limited Assets
Year Assets Growth
2002 3.365.498.000
2003 3.958.271.000 14.98%
2004 5.235.571.000 24.4%
2005 6.926.463.000 24.41%
2006 10.668.764.000 35.08%
2007 19.273.731.000 44.65%
2008 16.650.359.000 -15.76%
2009 16.576.678.000 -0.44%
2010 17.166.393.000 3.44%
2011 17.328.904.000 0.94%
2012 17.078.427.000 -1.47%
2013 21.375.341.000 20.1%
2014 29.210.968.000 26.82%
2015 38.578.801.000 24.28%
2016 45.958.088.000 16.06%
2017 38.687.969.000 -18.79%
2018 41.924.750.000 7.72%
2019 40.227.215.000 -4.22%
2020 51.625.000.000 22.08%
2021 61.037.600.000 15.42%
2022 61.336.472.000 0.49%
2023 61.962.495.000 1.01%
2023 59.790.410.000 -3.63%
2024 55.316.371.000 -8.09%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

JSE Limited Liabilities
Year Liabilities Growth
2002 2.856.262.000
2003 3.429.464.000 16.71%
2004 4.617.863.000 25.73%
2005 6.243.859.000 26.04%
2006 9.835.224.000 36.52%
2007 18.165.053.000 45.86%
2008 15.276.867.000 -18.91%
2009 14.971.954.000 -2.04%
2010 15.375.289.000 2.62%
2011 15.559.836.000 1.19%
2012 15.207.406.000 -2.32%
2013 19.186.875.000 20.74%
2014 26.736.974.000 28.24%
2015 35.622.649.000 24.94%
2016 42.688.557.000 16.55%
2017 35.061.588.000 -21.75%
2018 37.956.309.000 7.63%
2019 36.257.584.000 -4.69%
2020 47.470.712.000 23.62%
2021 56.818.619.000 16.45%
2022 57.163.325.000 0.6%
2023 57.918.976.000 1.3%
2023 55.404.263.000 -4.54%
2024 51.181.363.000 -8.25%

JSE Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
64.27
Net Income per Share
10.22
Price to Earning Ratio
12.23x
Price To Sales Ratio
1.93x
POCF Ratio
8.84
PFCF Ratio
10.21
Price to Book Ratio
2.46
EV to Sales
1.51
EV Over EBITDA
7.38
EV to Operating CashFlow
6.86
EV to FreeCashFlow
7.97
Earnings Yield
0.08
FreeCashFlow Yield
0.1
Market Cap
10,11 Bil.
Enterprise Value
7,89 Bil.
Graham Number
108.14
Graham NetNet
-592.24

Income Statement Metrics

Net Income per Share
10.22
Income Quality
1.38
ROE
0.2
Return On Assets
0.02
Return On Capital Employed
0.02
Net Income per EBT
0.74
EBT Per Ebit
1.3
Ebit per Revenue
0.16
Effective Tax Rate
0.28

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0.5
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.49
Operating Profit Margin
0.16
Pretax Profit Margin
0.21
Net Profit Margin
0.16

Dividends

Dividend Yield
0.06
Dividend Yield %
6.27
Payout Ratio
0.79
Dividend Per Share
7.84

Operating Metrics

Operating Cashflow per Share
14.14
Free CashFlow per Share
12.18
Capex to Operating CashFlow
0.14
Capex to Revenue
0.03
Capex to Depreciation
0.76
Return on Invested Capital
0.15
Return on Tangible Assets
0.02
Days Sales Outstanding
66.97
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
5.45
Payables Turnover
0
Inventory Turnover
0
Capex per Share
1.97

Balance Sheet

Cash per Share
28,44
Book Value per Share
50,86
Tangible Book Value per Share
50.86
Shareholders Equity per Share
50.86
Interest Debt per Share
31.06
Debt to Equity
0.02
Debt to Assets
0
Net Debt to EBITDA
-2.07
Current Ratio
0
Tangible Asset Value
4,14 Bil.
Net Current Asset Value
-51,18 Bil.
Invested Capital
104095000
Working Capital
-0,08 Bil.
Intangibles to Total Assets
0
Average Receivables
0,85 Bil.
Average Payables
0,32 Bil.
Average Inventory
0
Debt to Market Cap
0.01

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

JSE Limited Dividends
Year Dividends Growth
2006 82
2007 106 23.58%
2008 130 18.46%
2009 192 32.29%
2010 192 0%
2011 420 54.29%
2012 250 -68%
2013 250 0%
2014 50 -400%
2015 80 37.5%
2016 105 23.81%
2017 560 81.25%
2018 605 7.44%
2019 185 -227.03%
2020 150 -23.33%
2021 725 79.31%
2022 100 -625%
2023 769 87%
2024 784 1.91%

JSE Limited Profile

About JSE Limited

JSE Limited operates as a securities exchange in South Africa. It offers capital markets, post-trade, and information services, as well as listings, trading, and issuer 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. It also offers clearing, risk management, and settlement services for the equity, bonds, and derivatives markets. JSE Limited was incorporated in 1887 and is based in Johannesburg, South Africa.

CEO
Dr. Leila Fourie B.A., mCom;
Employee
544
Address
One Exchange Square
Johannesburg, 2196

JSE Limited Executives & BODs

JSE Limited Executives & BODs
# Name Age
1 Ms. Fawzia Suliman
Group Chief Financial Officer & Executive Director
70
2 T. Tsoaeli
Chief Information Officer
70
3 Ms. Vuyolwethu Seanele Lee BCom (Hons), MAP, MBA
Director of Marketing & Corporate Affairs
70
4 Ms. Itumeleng Monale B.Sc., M.B.A.
Chief Operating Officer
70
5 Palesa Ntoagae
Director of Human Resources
70
6 Ms. Valdene J. Reddy
Director of Capital Markets
70
7 Dr. Alicia Greenwood
Chief Executive Officer of JSE Clear & Director of Post-Trade and Information Services
70
8 Q. Mthembu
Group Chief Risk Officer
70
9 Dr. Leila Fourie B.A., mCom; Ph.D., Ph.D.
Group Chief Executive Officer & Executive Director
70
10 Romy Foltan
Investor Relations Officer
70

JSE Limited Competitors