Hartland-Peel Africa Equity Research provides one of the most comprehensive databases on African listed companies dating back to 1990. The database has been licensed to various financial institutions and institutional investors internationally.

This report is an update as of November 2014 and covers the Top 30 companies in Sub-Sahara Africa ex SA by market capitalisation.

Key highlights:
  • The market capitalisation of the Top 30 companies in November 2014 was down 10.3% on the month and down 13.2% YTD to US$79.7bn. Page 2 sets out their latest earnings releases.
  • One company’s US$ share prices is at an all time high (page 2).
  • Our analysis shows:
    • Eighteen companies with a ROE above 25%;
    • Ten companies with a historic P/E below 10.0;
    • Six companies with a dividend yield above 5%; and
  • Seven companies with a price/book value below 1.50 times.
  • We have included valuation graphs detailing Price/Book ratios vs ROE’s (page 5).
  • We have highlighted the impact of currency movements on the region’s stock markets (page 6).
  • We have included graphs of Kenyan and Nigerian inflation and interest rates (page 7). Nigeria has positive real interest rates of 2% and Kenya positive real rates of 2.6%.

Read more in the document below:

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