JSE Limited

JSE Limited

15,306.00
ZAC
-92.00
(-0.60%)
1.31TMarket Cap
JSE Limited
JSE:JSE
(Johannesburg Stock Exchange)

Recent

price

15,306.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ZAR
15.39
16.06
16.13
18.44
20.82
24.93
27.33
25.81
25.68
25.64
29.44
30.46
32.26
34.52
36.57
42
- -
Revenue per Share
4.46
4.01
3.52
5.92
7.42
10.51
10.75
9.73
10.56
8.15
9.37
8.74
9.11
10.19
11.29
13.22
- -
Basic EPS, GAAP
3.1
3.09
3.87
7.06
8.04
8.28
9.06
9.26
8.63
9.09
9.58
9.1
9.55
11.57
11.73
13.46
- -
Free Cash Flow per Basic Share
1.93
4.23
2.53
2.54
4.07
4.87
6.34
5.67
6.13
8.53
8.55
7.41
8.76
7.92
8.12
8.57
- -
Dividend per Share
21.16
20.36
21.83
25.19
28.48
34.03
37.63
41.74
45.68
45.69
49.54
50.7
50.86
53.88
57.57
62.52
56.04
Book Value per Share
16.16
16.3
18.16
22.21
25.22
29.9
32.43
36.14
39.71
38.86
39.66
41.97
42.37
45.59
49.29
54.14
47.5
Tangible Book Value per Share
85
85
86
86
85
86
86
86
86
85
83
83
82
82
81
81
80
Basic Weighted Avg Shares
1,305
1,370
1,385
1,578
1,779
2,134
2,339
2,215
2,198
2,187
2,446
2,517
2,650
2,814
2,971
3,401
- -
Sales/Revenue/Turnover
39.25
40.78
31.37
34.85
36.15
41.1
39.75
39.76
38.71
29.53
29.96
29.45
28.29
28.66
27.75
31.34
- -
Operating Margin (%)
57
56
86
91
99
100
99
109
110
202
249
258
273
207
190
172
- -
Depreciation Expense
378
342
302
507
634
899
920
836
904
695
778
722
749
831
918
1,071
- -
Net Income, GAAP
29.96
31.38
42.01
31.12
26.89
27.17
26.3
26.89
26.33
26.17
26.61
27.32
27.8
27.17
26.65
26.26
- -
Effective Tax Rate (%)
28.96
24.95
21.82
32.11
35.66
42.16
39.32
37.72
41.1
31.78
31.82
28.7
28.25
29.53
30.89
31.48
- -
Profit Margin (%)
- -
979
1,091
1,443
1,625
1,967
2,163
2,450
2,698
2,571
2,557
2,510
2,372
2,349
2,276
2,628
2,125
Working Capital
- -
80
61
88
88
87
97
104
107
293
253
197
131
56
184
161
144
LT Debt
1,791
1,769
1,871
2,188
2,474
2,956
3,270
3,626
3,968
3,970
4,154
4,219
4,173
4,386
4,683
5,064
4,657
Total Equity
19.66
14.29
12.35
18.79
21.04
26.23
22.32
18.71
17.59
12.13
13.62
13.01
14.59
15.31
15.62
17.54
- -
Return on Invested Capital (%)
22.26
49.72
39.62
52.34
68.59
83.05
98.49
89.57
71.96
65.09
55.28
46.35
69.05
95.37
88.95
83.5
- -
Return on Capital (%)
22.26
19.2
16.6
24.96
27.21
33.13
29.55
24.23
23.79
17.51
19.25
17.33
17.84
19.42
20.24
21.97
- -
Return on Common Equity (%)

Capital Structure

ZAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
21
23
26
LT Borrowings
- -
- -
- -
LT Finance Leases
169
161
144
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
81
81
83
Market Capitalization
10,840
11,617
13,060

Working Capital

ZAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
54,530
64,883
64,933
Cash, Cash Equivalents & STI
2,057
2,560
1,915
Accounts Receivable, Net
847
293
996
Inventories
- -
- -
- -
Total Current Liabilities
52,276
62,256
62,808
Payables & Accruals
- -
- -
- -
ST Debt
21
23
26
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.61%
4.09%
8.13%
Free Cash Flow
4.69%
6.89%
14.32%
Net Income, GAAP
2.47%
6.91%
16.66%
Sales/Revenue/Turnover
4.93%
6.88%
14.47%
Total Cash Common Dividend
6.48%
0.14%
5.12%

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,971
2025
- -
- -
3,401
2026
- -
- -
- -

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
11.29
2025
- -
- -
13.22
2026
- -
- -
- -

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
8.12
2025
- -
- -
8.57
2026
- -
- -
- -
Business
JSE Limited JSE Limited (JSE.JO) operates as Africa's largest multi-asset class stock exchange, providing listing, trading, clearing, settlement, information, and issuer services primarily in South Africa with connections to global markets. Founded in 1887 and headquartered at One Exchange Square in Sandton, Johannesburg, the company offers equity listings on its Main Board and AltX for smaller high-growth firms, debt instruments including government and corporate bonds, exchange-traded funds, exchange-traded notes, warrants, and derivatives encompassing equities, financial, commodities, interest rate products; it delivers trading via the Millennium Exchange platform, colocation and client support, post-trade risk management and settlement through Strate, transfer secretarial services for share registers and corporate actions, market data products with live and historical feeds for equities, bonds, and derivatives, issuer services such as results presentations, investor engagements, AGM facilitation, and training via the JSE Training Academy, as well as a private placements platform for capital raising. JSE Limited maintains operations as a self-regulatory organization under South Africa's Financial Markets Act, serving established companies, SMEs, governments, state-owned enterprises, and investment providers across Africa-focused capital markets. Recent developments include welcoming Cell C to the Main Board in November 2025 as part of its restructuring for enhanced equity access, expansion of the SME Rise Programme in 2025 with over 1,000 applications and a funder network grown to 11 partners securing R26.5 million in funding, robust half-year financial performance to August 2025 with net profit after tax up 13.2% to R557.8 million driven by equity activity and diversified revenues, and ongoing infrastructure modernization ahead of schedule including big data analytics milestones.

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