South Central Africa Top 30 companies FY21 reported earnings increased by 67%

Published On: July 29, 2022By Tags: Southern-Africa

South Central Africa’s companies are the smallest in Sub-Saharan Africa excluding South Africa with the largest company ranking number 39 of the Top 30 companies in Sub-Saharan Africa excluding South Africa.

Dramatic price movements of some Zimbabwean and Zambia stocks in the past year; Econet was up 101% while Copperbelt Energy Corp and ZANACO were up 245% and 400% respectively.

2 of the 5 countries represented in the report had positive US$ returns (YTD):

  1. Zambia 12.1%
  2. Botswana 2.8%

Fundamental valuation outliers

NOTE: Valuations figures are listed as at 28 June 2022. Please click on the company name for an updated share price.

Companies with the highest and lowest Return on Equity

  1. Airtel Malawi 97.0% with a share price at 48.67 MWK
  2. Standard Bank Namibia with a share price at 4.25 NAD

Companies with the highest and lowest Price to Earnings Ratio

  1. EcoCash Holdings Zimbabwe 106.0x with a share price at 68.39 ZWL
  2. ZANACO 3.8x with a share price at 2.60 ZMK

Companies with the highest and lowest Dividend Yield

  1. Chilanga Cement 15.0% with a share price at 13.37 ZMK
  2. Namibian Breweries, First Capital Holdings, EcoCash Holdings Zimbabwe, Zambian Breweries and StanChart Zambia are currently not paying dividends.

Companies with the highest and lowest Price to Book Value Ratio

  1. EcoCash Holdings Zimbabwe 24.83x with a share price at 68.39 ZWL
  2. Standard Bank Namibia 0.51x with a share price at 4.25 ZMK

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About the Author: Hartland-Peel Africa Equity Research

Sub-Saharan Africa ex SA: Equity, debt and FX research covering sixteen countries and advising institutional investors. Proprietary data base of sixteen African stock markets, 250+ companies which is one of the most extensive and complete. New issues, IPO’s and distribution of equity on privatisation. Development of lending and corporate finance opportunities for the bank, privatisation and asset management. An ‘A’ rated equity analyst by South African institutional investors as polled by the Financial Mail in 1998 and 1999.