Financials RCL Foods Limited

Equities

RCL

ZAE000179438

Food Processing

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
10 ZAR +4.17% Intraday chart for RCL Foods Limited 0.00% +17.51%

Valuation

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 10,442 7,657 8,270 9,011 8,901 8,901 -
Enterprise Value (EV) 1 12,886 10,993 11,753 10,981 11,607 11,988 11,591
P/E ratio -96 x -8.54 x 8.33 x 9.03 x 14.6 x 7.25 x 6.93 x
Yield 2.08% 2.84% 3.22% 4.41% - - 4.5%
Capitalization / Revenue 0.4 x 0.28 x 0.26 x 0.26 x 0.24 x 0.22 x 0.21 x
EV / Revenue 0.5 x 0.4 x 0.37 x 0.31 x 0.31 x 0.3 x 0.27 x
EV / EBITDA 8.45 x 6.72 x 4.88 x 4.23 x 6.78 x 4.42 x 4.16 x
EV / FCF -19.1 x 7.56 x 76.1 x 8.93 x - 24.8 x 19.4 x
FCF Yield -5.23% 13.2% 1.31% 11.2% - 4.04% 5.16%
Price to Book 0.96 x 0.78 x 0.77 x 0.79 x - 0.73 x 0.7 x
Nbr of stocks (in thousands) 870,143 870,143 888,246 882,540 890,097 890,122 -
Reference price 2 12.00 8.800 9.310 10.21 10.00 10.00 10.00
Announcement Date 9/2/19 8/31/20 9/6/21 9/5/22 9/30/23 - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025
Net sales 1 25,888 27,804 31,688 34,907 37,783 40,561 42,470
EBITDA 1 1,526 1,636 2,409 2,596 1,711 2,712 2,786
EBIT 1 -29.33 -805.8 1,477 1,606 786.7 1,801 1,842
Operating Margin -0.11% -2.9% 4.66% 4.6% 2.08% 4.44% 4.34%
Earnings before Tax (EBT) 1 -178.1 -1,115 1,335 1,391 678.9 1,676 1,788
Net income 1 -110.5 -901.4 992.9 1,013 616.2 1,235 1,291
Net margin -0.43% -3.24% 3.13% 2.9% 1.63% 3.04% 3.04%
EPS 2 -0.1250 -1.030 1.117 1.131 0.6870 1.380 1.442
Free Cash Flow 1 -673.6 1,454 154.4 1,230 - 484 597.6
FCF margin -2.6% 5.23% 0.49% 3.52% - 1.19% 1.41%
FCF Conversion (EBITDA) - 88.9% 6.41% 47.38% - 17.84% 21.45%
FCF Conversion (Net income) - - 15.55% 121.37% - 39.19% 46.3%
Dividend per Share 0.2500 0.2500 0.3000 0.4500 - - 0.4500
Announcement Date 9/2/19 8/31/20 9/6/21 9/5/22 9/30/23 - -
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 2,444 3,335 3,483 1,970 2,706 3,087 2,690
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 1.602 x 2.039 x 1.446 x 0.759 x 1.581 x 1.138 x 0.9653 x
Free Cash Flow 1 -674 1,454 154 1,230 - 484 598
ROE (net income / shareholders' equity) 5.51% 1.1% 9.68% 9.14% 4.63% 10.1% 10.1%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 12.50 11.30 12.10 12.90 - 13.70 14.40
Cash Flow per Share - - - - - - -
Capex 1 1,151 811 921 1,301 - 900 900
Capex / Sales 4.45% 2.92% 2.91% 3.73% - 2.22% 2.12%
Announcement Date 9/2/19 8/31/20 9/6/21 9/5/22 9/30/23 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
SELL
Number of Analysts
1
Last Close Price
10 ZAR
Average target price
7.5 ZAR
Spread / Average Target
-25.00%
Consensus

Annual profits - Rate of surprise

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