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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 0.6x - 0.7x | 0.7x |
Historical Pb Multiple | 0.2x - 0.9x | 0.7x |
Fair Value | 145.22R - 160.50R | 152.86R |
Upside | 5.4% - 16.5% | 11.0% |
Benchmarks | - | Full Ticker |
Reunert Limited | - | JSE:RLO |
The Bidvest Group Limited | - | JSE:BVT |
KAP Limited | - | JSE:KAP |
Decisive Dividend Corporation | - | TSXV:DE |
Industries Qatar Q.P.S.C. | - | DSM:IQCD |
Hosken Consolidated Investments Limited | - | JSE:HCI |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
RLO | BVT | KAP | DE | IQCD | HCI | |||
JSE:RLO | JSE:BVT | JSE:KAP | TSXV:DE | DSM:IQCD | JSE:HCI | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 5.6% | 10.7% | -0.5% | 21.5% | 11.8% | -4.8% | ||
3Y CAGR | 10.1% | 18.4% | -1.0% | -4.1% | -17.8% | -15.3% | ||
Latest Twelve Months | 12.8% | 3.8% | 351.2% | -75.9% | -4.9% | -72.2% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 6.1% | 4.4% | 1.3% | 2.8% | 42.1% | -1.4% | ||
Prior Fiscal Year | 6.7% | 5.2% | 1.8% | 6.2% | 40.2% | 14.0% | ||
Latest Fiscal Year | 7.2% | 5.2% | 3.8% | 1.6% | 35.5% | 2.7% | ||
Latest Twelve Months | 7.2% | 5.0% | 3.3% | 1.6% | 35.5% | 3.8% | ||
Return on Equity | ||||||||
5 Year Average Margin | 10.0% | 14.2% | 4.4% | 8.6% | 14.8% | 7.5% | ||
Prior Fiscal Year | 12.7% | 19.5% | 4.6% | 18.1% | 11.5% | 19.8% | ||
Latest Twelve Months | 13.5% | 17.8% | 7.8% | 3.5% | 11.6% | 4.7% | ||
Next Fiscal Year | 13.8% | 18.7% | 7.7% | 7.0% | 13.6% | 3.5% | ||
Two Fiscal Years Forward | 14.9% | 19.1% | 9.4% | 8.7% | 14.9% | 3.5% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 0.7x | 0.7x | 0.2x | 1.0x | 6.1x | 0.5x | ||
Price / LTM EPS | 9.4x | 13.3x | 7.0x | 62.2x | 17.2x | 12.3x | ||
Price / Book | 1.2x | 2.3x | 0.5x | 2.2x | 2.0x | 0.6x | ||
Price / Fwd Book | 1.2x | 2.2x | 0.5x | 2.4x | 2.1x | 0.6x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.5x | 2.0x | 2.3x | |||||
Historical P/B Ratio | 0.2x | 0.7x | 0.9x | |||||
Selected P/B Multiple | 0.6x | 0.7x | 0.7x | |||||
(x) Book Value | 18,810 | 18,810 | 18,810 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | RLO | BVT | KAP | DE | IQCD | HCI | |
Value of Common Equity | 9,825 | 82,984 | 6,778 | 124 | 76,654 | 11,140 | |
(/) Shares Outstanding | 157.1 | 339.9 | 2,501.0 | 19.8 | 6,050.0 | 80.9 | |
Implied Stock Price | 62.53 | 244.15 | 2.71 | 6.28 | 12.67 | 137.75 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 62.53 | 244.15 | 2.71 | 6.28 | 12.67 | 137.75 | |
Trading Currency | ZAR | ZAR | ZAR | CAD | QAR | ZAR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |