Financials Acsion Limited

Equities

ACS

ZAE000198289

Real Estate Development & Operations

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.28 ZAR 0.00% Intraday chart for Acsion Limited +8.09% -11.80%

Valuation

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Capitalization 1 2,760 2,362 2,360 1,569 2,014 2,849
Enterprise Value (EV) 1 3,214 3,153 3,000 2,463 3,314 4,470
P/E ratio 3.39 x 2.56 x 4.86 x 66.4 x 1.74 x 3.21 x
Yield 3.57% - - - 3.43% 4.86%
Capitalization / Revenue 4.7 x 3.61 x 3.43 x 2.25 x 2.21 x 2.4 x
EV / Revenue 5.47 x 4.82 x 4.37 x 3.53 x 3.64 x 3.77 x
EV / EBITDA 8.13 x 6.77 x 6.74 x 6.21 x 5.33 x 5.6 x
EV / FCF 15 x 10.4 x 8.5 x 9.09 x 8.63 x 14.8 x
FCF Yield 6.66% 9.66% 11.8% 11% 11.6% 6.77%
Price to Book 0.46 x 0.35 x 0.32 x 0.22 x 0.25 x 0.31 x
Nbr of stocks (in thousands) 394,234 393,622 393,383 393,358 383,673 385,018
Reference price 2 7.000 6.000 6.000 3.990 5.250 7.400
Announcement Date 6/28/18 6/28/19 7/6/20 7/1/21 7/1/22 7/8/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Net sales 1 587.1 653.7 687.2 697.8 910.7 1,186
EBITDA 1 395.4 466 445.2 396.4 621.4 798.7
EBIT 1 371.5 438.5 391.2 364.1 576.5 694.9
Operating Margin 63.27% 67.08% 56.93% 52.17% 63.3% 58.61%
Earnings before Tax (EBT) 1 1,088 1,229 653.6 102.1 1,514 1,106
Net income 1 814.5 920.7 485.4 23.63 1,170 888.9
Net margin 138.73% 140.85% 70.63% 3.39% 128.51% 74.97%
EPS 2 2.068 2.339 1.234 0.0601 3.018 2.309
Free Cash Flow 1 214.1 304.5 353 270.8 383.8 302.6
FCF margin 36.47% 46.58% 51.36% 38.81% 42.14% 25.52%
FCF Conversion (EBITDA) 54.15% 65.34% 79.3% 68.32% 61.76% 37.88%
FCF Conversion (Net income) 26.29% 33.07% 72.72% 1,146.15% 32.79% 34.04%
Dividend per Share 2 0.2500 - - - 0.1800 0.3600
Announcement Date 6/28/18 6/28/19 7/6/20 7/1/21 7/1/22 7/8/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Net Debt 1 454 792 640 893 1,299 1,620
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.149 x 1.699 x 1.438 x 2.254 x 2.091 x 2.029 x
Free Cash Flow 1 214 305 353 271 384 303
ROE (net income / shareholders' equity) 14.6% 14.5% 6.89% 0.95% 15.7% 10.2%
ROA (Net income/ Total Assets) 3.18% 3.18% 2.55% 2.34% 3.31% 3.44%
Assets 1 25,621 28,971 19,065 1,011 35,385 25,859
Book Value Per Share 2 15.20 17.30 18.60 17.90 21.30 23.90
Cash Flow per Share 2 0.5400 0.1900 0.5700 0.1700 0.7400 0.6000
Capex 1 4.09 1.14 - - - -
Capex / Sales 0.7% 0.17% - - - -
Announcement Date 6/28/18 6/28/19 7/6/20 7/1/21 7/1/22 7/8/23
1ZAR in Million2ZAR
Estimates
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