Español 
Deutsch 
Français 
MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
JSE Limited (JSE.JO)
ZAc15,202.00
-244.00 (-1.58%)
ZA JNB Financial Services Financial - Data & Stock Exchanges
Address
One Exchange Square 2196
Johannesburg, ZA
Johannesburg, ZA
CEO
Valdene J. Reddy
Website
jse.co.za
IPO
2006-06-05
ISIN ZAE000079711
Also trades on
Johannesburg Stock Exchange · JSE.JO (ZAc)
Other OTC · JSEJF (USD)
Description
As South Africa's premier securities exchange, JSE Limited provides an extensive array of financial services. These encompass capital market facilitation, comprehensive post-trade solutions, information offerings, and support for listings, trading activities, and issuers. The exchange enables trading across a broad spectrum of assets, including equities, their associated indices, and a variety of debt instruments such as corporate, green, and government bonds. Moreover, it manages diverse derivative markets—covering equity, bond, interest rate, commodity, and currency derivatives—alongside the repo market, and also furnishes equity market data. Its crucial post-trade functions include clearing, robust risk management, and efficient settlement processes for equity, bond, and derivative transactions. Founded in 1887, JSE Limited is based in Johannesburg, South Africa.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary
Loading…
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
ZAc15,202.00
-244.00 (-1.58%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
144.6K
Beta
0.37
Float Shares
76.70M
Free Float %
94.7%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.53% | -3.33% | -1.85% | -7.42% | +16.25% | +7.81% | +16.73% | +69.27% | +34.50% | -10.26% | +537.65% |
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From
To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
Loading histogram data…
Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
15,202.00
DCF (Unlevered)
55,970.03
+268.2%
DCF (Levered)
44,228.52
+190.9%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
0% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | -1 |
| Hold | 1 | 0 |
| Sell | 1 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
0.55
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
★ Strong MOAT
-
Revenue growth Financial - Data & Stock Exchanges: +11.9%+15.3% ★ Q4'25: +196.1% (vs Q4'23)
-
EPS growth Financial - Data & Stock Exchanges: +19.9%+16.5% Q4'25: +51.5% (vs Q4'23)
-
FCF margin FCF growth · Financial - Data & Stock Exchanges: +25.6%+32.9% Q4'25: +16.5% (vs Q4'23)
-
EBIT margin Financial - Data & Stock Exchanges: +51.8%+44.4% Q4'25: +18.0% (vs Q4'23)
-
ROIC Financial - Data & Stock Exchanges: +13.5%+54.1% ★ Q4'25: +105.5% (vs Q4'23)
-
Share dilution Financial - Data & Stock Exchanges: +0.6%-0.1% Q4'25: +0.1% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Financial - Data & Stock Exchanges: -0.36×0.11× ★ Q4'25: 0.06× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 2 Rev. Ana. 2 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
2.13B
est: 1.96B (+9.1%)
|
2.34B
est: 2.44B (-4.2%)
|
2.23B
est: 2.17B (+2.7%)
|
2.20B
est: 2.29B (-4.1%)
|
2.19B
est: 2.10B (+4.1%)
|
2.45B
est: 2.50B (-2.2%)
|
2.52B
est: 2.67B (-5.9%)
|
2.70B
est: 2.82B (-4.3%)
|
2.81B
est: 2.88B (-2.3%)
|
2.97B
est: 3.19B (-6.8%)
|
3.43B
est: 3.51B (-2.4%)
|
3.79B
3.72B – 3.84B
+8.0% YoY
|
3.92B
3.78B – 4.01B
+3.4% YoY
|
4.33B
4.25B – 4.38B
+10.4% YoY
|
| EBITDA |
1.21B
est: 1.47B (-18.0%)
|
1.30B
est: 1.84B (-29.1%)
|
1.05B
est: 1.63B (-35.8%)
|
1.04B
est: 1.72B (-39.5%)
|
3.90B
est: 1.58B (+146.9%)
|
3.55B
est: 1.88B (+88.6%)
|
3.11B
est: 2.01B (+54.4%)
|
1.07B
est: 2.12B (-49.7%)
|
1.03B
est: 1.87B (-45.3%)
|
5.89B
est: 2.08B (+183.8%)
|
1.69B
est: 2.28B (-25.8%)
|
2.47B
2.42B – 2.50B
+8.0% YoY
|
2.55B
2.46B – 2.61B
+3.4% YoY
|
2.82B
2.76B – 2.85B
+10.4% YoY
|
| EBIT |
876.87M
est: 1.40B (-37.5%)
|
4.28B
est: 1.75B (+144.6%)
|
939.58M
est: 1.56B (-39.6%)
|
3.81B
est: 1.64B (+131.9%)
|
3.70B
est: 1.51B (+145.6%)
|
3.30B
est: 1.79B (+84.0%)
|
2.85B
est: 1.92B (+48.4%)
|
792.40M
est: 2.02B (-60.8%)
|
818.21M
est: 1.74B (-53.1%)
|
5.70B
est: 1.93B (+195.1%)
|
1.52B
est: 2.13B (-28.4%)
|
2.30B
2.25B – 2.32B
+8.0% YoY
|
2.37B
2.29B – 2.43B
+3.4% YoY
|
2.62B
2.57B – 2.65B
+10.4% YoY
|
| Net Income |
899.48M
est: 696.35M (+29.2%)
|
919.70M
est: 934.96M (-1.6%)
|
835.51M
est: 738.15M (+13.2%)
|
903.58M
est: 959.63M (-5.8%)
|
695.11M
est: 670.87M (+3.6%)
|
778.39M
est: 782.70M (-0.6%)
|
722.44M
est: 831.85M (-13.2%)
|
748.56M
est: 723.49M (+3.5%)
|
830.98M
est: 830.88M (+0.0%)
|
917.75M
est: 923.41M (-0.6%)
|
1.07B
est: 1.02B (+4.9%)
|
1.17B
1.15B – 1.19B
+14.5% YoY
|
1.21B
1.15B – 1.26B
+3.2% YoY
|
1.25B
1.22B – 1.27B
+3.9% YoY
|
| SGA |
26.52M
est: 44.08M (-39.8%)
|
—
est: 55.04M (-100.0%)
|
23.54M
est: 48.92M (-51.9%)
|
11.07M
est: 51.68M (-78.6%)
|
9.93M
est: 47.33M (-79.0%)
|
19.92M
est: 56.38M (-64.7%)
|
21.76M
est: 60.28M (-63.9%)
|
20.63M
est: 63.51M (-67.5%)
|
125.96M
est: 60.23M (+109.1%)
|
129.23M
est: 66.67M (+93.8%)
|
—
est: 73.36M (-100.0%)
|
79.22M
77.76M – 80.18M
+8.0% YoY
|
81.92M
78.97M – 83.88M
+3.4% YoY
|
90.48M
88.82M – 91.58M
+10.4% YoY
|
| EPS |
10.51
est: 8.38 (+25.4%)
|
10.75
est: 11.26 (-4.5%)
|
10.06
est: 8.89 (+13.2%)
|
10.56
est: 11.55 (-8.6%)
|
8.15
est: 8.08 (+0.9%)
|
9.37
est: 9.42 (-0.6%)
|
8.74
est: 10.01 (-12.7%)
|
9.11
est: 8.71 (+4.6%)
|
10.19
est: 10.23 (-0.4%)
|
11.29
est: 11.17 (+1.1%)
|
13.22
est: 12.30 (+7.5%)
|
14.14
13.80 – 14.36
+15.0% YoY
|
14.68
13.88 – 15.18
+3.8% YoY
|
15.10
14.74 – 15.34
+2.9% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-28 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-27 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-26 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-25 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-22 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-21 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-20 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-19 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-18 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-15 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-14 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-13 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-12 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-11 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-08 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-07 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-06 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-05 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-04 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-30 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-29 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-28 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-24 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-23 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-22 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-21 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-20 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-17 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-16 | A | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
2.86B
OE per share TTM
34.46
Owner's Yield
22.84%
Maintenance CapEx ratio
53.79%
Maint CapEx / Avg PPE
11.4%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 56 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree Emerging Markets SmallCap Dividend UCITS ETF DGSD.L | 0.19% | 82.9K | 0.54% |
| 2 | WisdomTree Emerging Markets SmallCap Dividend Fund DGS | 0.15% | 2.76M | 0.58% |
| 3 | FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE | 0.08% | 288.3K | 0.58% |
| 4 | iShares MSCI EM Small Cap UCITS ETF IEMS.L | 0.05% | 167.2K | 0.74% |
| 5 | iShares MSCI Emerging Markets Small-Cap ETF EEMS | 0.05% | 177.4K | 0.72% |
| 6 | Adasina Social Justice All Cap Global ETF JSTC | 0.03% | 91.1K | 0.89% |
| 7 | State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L | 0.03% | 191.9K | 0.55% |
| 8 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.02% | 2.64M | 0.06% |
| 9 | Dimensional - Emerging Markets ex China Core Equity ETF DEXC | 0.02% | 50.3K | 0.56% |
| 10 | Avantis Responsible Emerging Markets Equity ETF AVSE | 0.01% | 28.3K | 0.33% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
2.80M
Shares Outstanding
81.01M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Fawzia Suliman | CFO & Executive Director | 12M | female |
| Valdene J. Reddy | Group Chief Executive Officer & Executive Director | 12M | female |
| Leila Fourie mCom; | Group Chief Executive Officer & Executive Director | 12M | — |
| Alicia Greenwood | COO & CEO and Director of JSE Clear and Strate | 9M | — |
| Tebalo Tsoaeli | Chief Information Officer | 9M | male |
| Tebelo Tsoaeli | Chief Information Officer | 9M | male |
| Mark H. Randall | Director of Information Services | 7M | male |
| Vuyolwethu Seanele Lee | Director of Marketing & Corporate Affairs | 6M | female |
| Qiniso Mthembu | Group Chief Risk Officer | 4M | female |
| Q. Mthembu | Group Chief Risk Officer | 4M | female |
| Graeme A. Brookes | Group Company Secretary and Director of Governance & Assurance | 1M | male |
| Romy Foltan | Investor Relations Officer | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for JSE.JO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
