South Central Africa’s companies are the smallest in Sub-Saharan Africa excluding South Africa with the largest company ranking number 24 of the Top 30 companies in Sub-Saharan Africa excluding South Africa.
2022 US$ earnings for the 14 companies which have reported have increased by 11%.
4 of the 5 countries represented in the report had positive US$ returns (YTD):
- Zimbabwe 43.4%
- Malawi 28.2%
- Namibia 13.4%
- Botswana 0.5%
Fundamental valuation outliers
NOTE: Valuations figures are listed as at 31 March 2023. Please click on the company name for an updated share price.
Companies with the highest and lowest Return on Equity
- Airtel Malawi 89.7% with a share price at 75.01 MWK
- Econet Wireless Zimbabwe Limited 1.2% with a share price at 267.41 ZWL
Companies with the highest and lowest Price to Earnings Ratio
- EcoCash Holdings Zimbabwe and Econet Wireless Zimbabwe Limited >100.0x with share prices at 70.00 ZWL and 267.41 ZWL respectively.
- ZANACO 3.8x with a share price at 3.06 ZMK
Companies with the highest and lowest Dividend Yield
- FNB Namibia 14.3% with a share price at 37.00 NAD
- Namibian Breweries, Econet Wireless Zimbabwe Limited, EcoCash Holdings Zimbabwe, and Zambian Breweries are currently not paying dividends.
Companies with the highest and lowest Price to Book Value Ratio
- Airtel Malawi 24.76x with a share price at 75.01 MWK
- Letshego Holdings Limited 0.51x with a share price at 1.23 BWP
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