Financials Grindrod Limited

Equities

GND

ZAE000072328

Air Freight & Logistics

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
12.88 ZAR +0.63% Intraday chart for Grindrod Limited +1.82% +12.39%

Valuation

Fiscal Period: December 2019 2021 2023 2024 2025 2026
Capitalization 1 3,422 3,325 7,653 8,601 - -
Enterprise Value (EV) 1 3,221 3,325 7,653 8,601 8,346 7,542
P/E ratio - 18.9 x 7.75 x 6.25 x 5.99 x 5.28 x
Yield 3.82% - - 5.75% 5.98% 6.75%
Capitalization / Revenue 0.88 x - - 1.9 x 1.84 x 1.68 x
EV / Revenue 0.88 x - - 1.9 x 1.84 x 1.68 x
EV / EBITDA 3.33 x - - 7.26 x 6.94 x 6.29 x
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book - - - 0.87 x 0.87 x 0.87 x
Nbr of stocks (in thousands) 680,414 671,747 667,760 667,760 - -
Reference price 2 5.030 4.950 11.46 12.88 12.88 12.88
Announcement Date 3/4/20 3/3/22 3/7/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2021 2023 2024 2025 2026
Net sales 1 3,873 - - 4,532 4,672 5,121
EBITDA 1 1,029 - - 1,185 1,239 1,367
EBIT 1 527.1 - - 792 844 966
Operating Margin 13.61% - - 17.48% 18.07% 18.86%
Earnings before Tax (EBT) 1 - - - 1,697 1,779 2,012
Net income 1 - 221.4 1,062 1,376 1,436 1,630
Net margin - - - 30.36% 30.74% 31.83%
EPS 2 - 0.2620 1.479 2.060 2.150 2.440
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.1920 - - 0.7400 0.7700 0.8700
Announcement Date 3/4/20 3/3/22 3/7/24 - - -
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2021 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position 202 - - - 255 1,059
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) - - - - - -
ROA (Net income/ Total Assets) - - - - - -
Assets 1 - - - - - -
Book Value Per Share 2 - - - 14.80 14.80 14.80
Cash Flow per Share - - - - - -
Capex 456 - - - 400 400
Capex / Sales 11.76% - - - 8.56% 7.81%
Announcement Date 3/4/20 3/3/22 3/7/24 - - -
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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