Financials Castleview Property Fund Limited

Equities

CVW

ZAE000251633

Commercial REITs

End-of-day quote Johannesburg S.E. 06:00:00 2024-02-26 pm EST 5-day change 1st Jan Change
8.5 ZAR -.--% Intraday chart for Castleview Property Fund Limited -.--% -.--%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 165 165 170.9 176.3 187.1 291.4
Enterprise Value (EV) 1 302.9 304.8 333.6 338.3 373 10,960
P/E ratio 25.7 x 16.2 x 8.15 x -7.83 x 9.89 x 2.26 x
Yield 5.02% 7.45% 6.41% 5.32% 8.95% 2.09%
Capitalization / Revenue 6.18 x 4.13 x 3.76 x 3.55 x 3.25 x 0.18 x
EV / Revenue 11.3 x 7.62 x 7.33 x 6.82 x 6.47 x 6.82 x
EV / EBITDA 26 x 12.5 x 11.8 x 12.9 x - -
EV / FCF - 84,024,879 x 45,566,017 x 58,632,999 x 28,337,383 x -15,511,464 x
FCF Yield - 0% 0% 0% 0% -0%
Price to Book 0.98 x 0.98 x 0.97 x 1.15 x 1.08 x 0.83 x
Nbr of stocks (in thousands) 33,000 33,000 34,189 35,265 37,411 41,043
Reference price 2 5.000 5.000 5.000 5.000 5.000 7.100
Announcement Date 6/18/18 6/28/19 7/31/20 6/30/21 5/31/22 8/1/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 26.7 39.99 45.49 49.61 57.62 1,608
EBITDA 1 11.66 24.38 28.17 26.33 - -
EBIT 1 11.57 24.19 28.06 26.22 29.81 918.2
Operating Margin 43.32% 60.49% 61.69% 52.86% 51.73% 57.1%
Earnings before Tax (EBT) 1 6.161 10.61 18.74 -22.27 18.6 2,022
Net income 1 5.768 10.16 20.41 -22.25 18.6 1,780
Net margin 21.6% 25.4% 44.85% -44.85% 32.27% 110.71%
EPS 2 0.1945 0.3078 0.6136 -0.6382 0.5057 3.138
Free Cash Flow - 3.628 7.322 5.77 13.16 -706.6
FCF margin - 9.07% 16.09% 11.63% 22.84% -43.94%
FCF Conversion (EBITDA) - 14.88% 26% 21.92% - -
FCF Conversion (Net income) - 35.72% 35.88% - 70.78% -
Dividend per Share 2 0.2508 0.3723 0.3205 0.2660 0.4474 0.1485
Announcement Date 6/18/18 6/28/19 7/31/20 6/30/21 5/31/22 8/1/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 138 140 163 162 186 10,668
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 11.82 x 5.735 x 5.776 x 6.153 x - -
Free Cash Flow - 3.63 7.32 5.77 13.2 -707
ROE (net income / shareholders' equity) - 6.04% 11.9% -13.5% 11.4% 39.2%
ROA (Net income/ Total Assets) - 4.35% 5.2% 4.84% 5.34% 4.85%
Assets 1 - 233.8 392.3 -459.9 347.9 36,690
Book Value Per Share 2 5.120 5.080 5.150 4.360 4.610 8.550
Cash Flow per Share 2 1.710 0.1100 0.1000 0.0500 0.1500 0.2100
Capex - 0.63 - - - -
Capex / Sales - 1.57% - - - -
Announcement Date 6/18/18 6/28/19 7/31/20 6/30/21 5/31/22 8/1/23
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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