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Malawian (MSE) Market Analysis & Valuation

UpdatedJul 09, 2024
DataAggregated Company Financials
Companies14
  • 7D1.1%
  • 3M5.8%
  • 1Y13.6%
  • YTD10.5%

The market has climbed 1.1% in the last 7 days, lead by the Financials sector with a gain of 2.3%. In contrast, the Communication Services sector is lagging, dropping 3.9%. The market is up 14% over the last 12 months.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jul 2024MK 6.5tMK 2.3tMK 423.5b10.7x15.4x2.8x
Thu, 06 Jun 2024MK 6.2tMK 2.3tMK 397.8b14.4x15.5x2.6x
Sat, 04 May 2024MK 6.1tMK 2.3tMK 409.2b13.8x14.9x2.6x
Mon, 01 Apr 2024MK 6.1tMK 2.2tMK 433.6b12.3x14.1x2.8x
Wed, 28 Feb 2024MK 6.1tMK 2.0tMK 418.8b12.3x14.5x3.1x
Fri, 26 Jan 2024MK 6.2tMK 2.0tMK 418.8b12.9x14.8x3.1x
Sun, 24 Dec 2023MK 5.8tMK 1.9tMK 381.2b16.2x15.1x3.1x
Tue, 21 Nov 2023MK 6.1tMK 1.9tMK 380.8b16.2x15.9x3.2x
Thu, 19 Oct 2023MK 6.2tMK 1.8tMK 352.9b16.2x17.5x3.5x
Sat, 16 Sep 2023MK 6.4tMK 1.7tMK 331.5b17.7x19.3x3.7x
Mon, 14 Aug 2023MK 6.2tMK 1.6tMK 290.3b19.9x21.4x3.8x
Wed, 12 Jul 2023MK 5.8tMK 1.3tMK 253.6b17.8x22.7x4.4x
Fri, 09 Jun 2023MK 5.5tMK 1.6tMK 287.3b13.7x19.2x3.5x
Sun, 07 May 2023MK 4.9tMK 1.5tMK 276.8b13.9x17.7x3.3x
Tue, 04 Apr 2023MK 4.3tMK 1.3tMK 242.6b15.1x17.7x3.2x
Thu, 02 Mar 2023MK 3.8tMK 1.3tMK 223.8b15.3x17x2.9x
Sat, 28 Jan 2023MK 3.7tMK 1.3tMK 223.7b14.6x16.4x2.8x
Mon, 26 Dec 2022MK 3.3tMK 1.4tMK 220.3b12.9x14.9x2.4x
Wed, 23 Nov 2022MK 3.2tMK 1.2tMK 193.6b10.1x16.4x2.7x
Fri, 21 Oct 2022MK 2.9tMK 1.2tMK 193.6b10.1x15.1x2.5x
Sun, 18 Sep 2022MK 2.9tMK 1.2tMK 193.5b10.1x15x2.5x
Tue, 16 Aug 2022MK 2.9tMK 1.1tMK 175.8b14.3x16.3x2.7x
Thu, 14 Jul 2022MK 2.6tMK 1.1tMK 175.7b13.4x15x2.5x
Sat, 11 Jun 2022MK 2.7tMK 1.2tMK 171.2b13.4x15.7x2.2x
Mon, 09 May 2022MK 2.5tMK 1.2tMK 157.4b13x16.1x2.2x
Wed, 06 Apr 2022MK 2.4tMK 1.1tMK 149.3b14.9x16.4x2.1x
Fri, 04 Mar 2022MK 2.4tMK 1.1tMK 146.7b15.1x16.5x2.1x
Sun, 30 Jan 2022MK 2.4tMK 1.1tMK 146.9b14.3x16.1x2.1x
Tue, 28 Dec 2021MK 2.4tMK 1.1tMK 146.8b14.3x16.2x2.1x
Thu, 25 Nov 2021MK 2.2tMK 1.1tMK 146.8b12.5x15x1.9x
Sat, 23 Oct 2021MK 2.2tMK 1.1tMK 146.8b12.5x15x1.9x
Mon, 20 Sep 2021MK 2.2tMK 1.1tMK 146.3b12.3x14.7x1.9x
Wed, 18 Aug 2021MK 2.0tMK 1.1tMK 145.1b12.2x14x1.8x
Price to Earnings Ratio

13.9x


Total Market Cap: MK 2.0tTotal Earnings: MK 145.1bTotal Revenue: MK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Malawian Market Price to Earnings3Y Average 16.3x202220232024
Current Market PE
  • Investors are relatively neutral on the Malawian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 16.3x.
Past Earnings Growth
  • The earnings for Malawian listed companies have grown 43% per year over the last three years.
  • Revenues for these companies have grown 28% 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 Malawian Market?

MW Market1.07%
Financials2.26%
Energy0%
Materials0%
Industrials0%
Consumer Discretionary0%
Healthcare0%
Tech0%
Utilities0%
Consumer Staples-0.0015%
Real Estate-0.078%
Telecom-3.91%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 23.2x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
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?

CompanyLast Price7D1YValuationSector
FDHB FDH BankMK 95.0511.8%
+MK 69.1b
48.5%PB11.2xFinancials
NBS NBS BankMK 100.1110.6%
+MK 27.9b
-19.9%PB5.8xFinancials
MPICO MPICOMK 15.020.07%
+MK 23.0m
-27.0%PE6.3xReal Estate
NBM National Bank of MalawiMK 2.70k0.0007%
+MK 9.3m
31.7%PB6.1xFinancials
See more
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Market Insights

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Latest News

ICON

MK 15.96

ICON Properties

7D

-0.1%

1Y

-15.9%

NBS

MK 100.11

NBS Bank

7D

10.6%

1Y

-19.9%

MPICO

MK 15.02

MPICO

7D

0.07%

1Y

-27.0%

NICO

MK 199.31

NICO Holdings

7D

-0.02%

1Y

22.2%

TNM

MK 16.05

Telekom Networks Malawi

7D

-0.1%

1Y

-37.9%

FMBCH

MK 377.92

FMBcapital Holdings

7D

-0.01%

1Y

51.2%

ILLOVO

MK 1,355.11

Illovo Sugar (Malawi)

7D

-0.002%

1Y

20.8%

FDHB

MK 95.05

FDH Bank

7D

11.8%

1Y

48.5%

NBM

MK 2,700.03

National Bank of Malawi

7D

0.0007%

1Y

31.7%

AIRTEL

MK 47.49

Airtel Malawi

7D

-5.0%

1Y

-52.5%