JSE.JO

BuyUnloved QualityAI neutral

JSE Limited · Financial Services · South Africa · $777M

14,850.00c -2.4% · close 5 Oct · scored 7 Oct

StockRank down 1.9 since 6 Oct.

Unloved Quality: Strong and cheap; the market has not turned yet.

68
StockRank
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Quality
65
Value
51
Momentum
46

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
10.8x
peers 11.7x
ROE
25.6%
peers 19.0%
D/E
0.0x
peers 0.2x
Dividend %
7.0%
trailing yield
AI CONVICTION THESIS

JSE Limited runs South Africa's stock exchange, a cash-generative near-monopoly with no debt, but trading volumes and listings have been in long-term decline and growth is limited.

ABOUT JSE LIMITED

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JSE Limited operates as a stock exchange in South Africa. It offers international securities identification number (ISIN) and national numbering agency (NNA) related services, regulatory compliance services in post-trade activities, capital market, and colocation and connectivity services; and...

FINANCIAL SUMMARY (ZAR)

Year20212022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue—2.6B2.8B3.0B3.4B8.7%3.7B3.6B3.8B6.2%
EPS (ZAc)874.10911.101,0191,1051,32210.9%1,4191,3671,5327.6%
Shares—82.1M81.4M81.3M81.0M-1.3%83.1M———
Debt—190.3M124.5M208.9M184.8M-1.0%170.6M———
Equity—4.2B4.4B4.7B5.1B6.7%————
Op CF—977.7M1.1B1.1B1.2B7.9%1.3B———
Inv CF—-305.0M-255.9M-434.6M-49.5M—————
Fin CF—-845.8M-782.2M-761.1M-790.6M—————
Loading 1Y...
PRICE (1Y) · ZAc (cents)-3.6%
14,85015,06715,28515,50215,71920 Aug14 Sep5 Oct
SMA 50SMA 200

Price checkExperimental
SwingsCalm

Calmer than 88% of stocks we rank over the past year (22% a year).

How this is worked out

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
14,850.00c
RSI (14)
42.0
52-Week Range-16.9% from high
Low 12,700.10cHigh 17,869.89c

SCORE BREAKDOWN

Quality
65
ROIC
108.6%99.9
ROE
25.6%89.8
GP/Assets
5.3%58.1
Op. Margin
39.3%56.7
FCF/Assets
1.6%52.2
Piotroski
658.8
Int. Cover
1.3x18.1
D/E Ratio
0.04x78.9
Current Ratio
1.03x29.3
Value
51
P/E (TTM)
10.8x60.0
EV/EBITDA
7.9x54.4
P/FCF
11.7x48.8
P/B
2.6x17.3
P/S
3.5x50.0
Div Yield
7.0%76.3
Momentum
46
52W High %
83%37.1
RS 6M
-3%58.9
SMA 50/200
0.99x33.1
EPS Rev 4W
-1.0%36.5
EPS Rev 12W
+5.1%85.0
EPS Improve
+9%33.0
Q Growth
17%47.8

FUNDAMENTALS

Market Cap
$777M
P/E (Forward)
9.9x
Gross Margin
100.0%

SECTOR PEERS

Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of JSE.JO are excluded.

TickerCompanyMkt CapStockRankSignal
JSE.JOJSE Limited(you)$777M68Buy
CML.JOCoronation Fund Managers Limited$908M75Buy
INL.JOInvestec Group$2.1B69Buy
SYG.JOSygnia Limited$305M52Hold
AFH.JOAlexander Forbes Group Holdings Limited$589M38Hold
OMU.JOOld Mutual Limited$3.4B60Hold
SNT.JOSantam Ltd$2.7B87Strong Buy
N91.LNinety One Group$2.7B48Hold
REM.JORemgro Limited$7.0B70Buy
SBP.JOSabvest Capital Limited$341M98Strong Buy

Peer medians: ROE 19.0% · P/E 11.7x · Gross margin 51.7%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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JSE Limited (JSE.JO): Stock Score Summary

JSE Limited (JSE.JO) has a MoatMap StockRank of 68/100 based on Quality (65/100), Value (51/100), and Momentum (46/100) factor scores. The current signal is BUY. JSE Limited runs South Africa's stock exchange, a cash-generative near-monopoly with no debt, but trading volumes and listings have been in long-term decline and growth is limited.

JSE Limited operates as a stock exchange in South Africa. It offers international securities identification number (ISIN) and national numbering agency (NNA) related services, regulatory compliance services in post-trade activities, capital market, and colocation and connectivity services; and...

Key Financial Metrics

Price14,850.00c
Market Cap$777M
P/E (TTM)10.76
P/E (Forward)9.88
Price/Book2.61
Return on Equity25.6%
Return on Invested Capital108.6%
Debt/Equity0.04x
Gross Margin100.0%
Operating Margin39.3%
Revenue Growth14.1%
Dividend Yield7.0%
Free Cash Flow$66M

JSE Limited operates in the Financial Data & Stock Exchanges industry, part of the Financial Services sector (South Africa).

Frequently Asked Questions

What is JSE Limited’s (JSE.JO) StockRank?
MoatMap’s StockRank for JSE Limited (JSE.JO) is 68/100, with a Buy signal. It is a composite of Quality (65), Value (51), and Momentum (46) factor ranks across MoatMap’s universe of 24,000+ stocks.
Does JSE Limited have an economic moat?
JSE Limited (JSE.JO) has a Quality factor score of 65/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is JSE Limited a buy, hold, or sell?
MoatMap’s current signal for JSE Limited (JSE.JO) is Buy, based on a StockRank of 68/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is JSE Limited in?
JSE Limited (JSE.JO) operates in the Financial Services sector, specifically the Financial Data & Stock Exchanges industry (South Africa).