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Listed equity fundamentals

19.05.2015
By RisCura

Listed equity fundamentals such as price to earnings (P/E) ratios are an indication of how highly listed markets are valued at a point in time. Looking at the S&P 500 and the combination of African Indices gives some insight as to how African companies are priced in relation to developed market valuations. Interestingly, the analysis shows no clear trend, as some sectors are more expensively priced in Africa, some are cheaper and some are in line.

 

The yield available from a dividend perspective is also quite interesting by certain countries. Looking at the S&P 500 and the combination of African Indices as stated above, the dividend yields are mostly in line except on Financials, Industrials and especially Utilities where the African indices have a higher yield.

 

 

NEXT: Africa’s Private equity markets

Author

  • RisCura is a global financial services firm with more than $200 billion in assets under advice and reporting. We partner with institutional investors across emerging markets, bringing specialist investment management, advisory, and analytical expertise to help clients make informed, long-term investment decisions.

    Guided by our “Invest with Care” philosophy, we recognise that investment decisions are not only about money and numbers, but about the people and futures they affect. Through tailored solutions, deep research, and a client-centric approach, RisCura helps investors navigate complexity, manage risk, and create lasting value for their beneficiaries.

    RisCura is known for its focus on liability-driven investing, responsible investment practices, investment transparency, reliable valuations, independent risk assessments, performance standards, and long-term investment outcomes.

    Our capabilities span investment advisory, investment management, investment analytics, institutional platform services, and alternative investment services. Across these areas, we combine consistent methodology and proprietary tools with deep local insight, recognising that each market is unique while responsible investing remains universal.