Financials Remgro Limited

Equities

REM

ZAE000026480

Investment Holding Companies

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
118.9 ZAR +1.79% Intraday chart for Remgro Limited -0.12% -26.82%

Valuation

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 105,693 56,200 64,472 72,964 82,349 66,135 - -
Enterprise Value (EV) 1 110,252 56,200 64,472 70,944 88,537 73,059 73,797 74,534
P/E ratio 13 x 17.8 x 18.3 x - - - - -
Yield 3% 2.65% 0.79% 1.15% 1.63% 2.01% 2.49% 2.8%
Capitalization / Revenue 1.86 x 1.03 x 0.98 x 0.96 x 1.02 x 1.33 x 1.26 x 1.2 x
EV / Revenue 1.94 x 1.03 x 0.98 x 0.93 x 1.1 x 1.47 x 1.41 x 1.35 x
EV / EBITDA - - - 10.2 x 14.4 x 14.5 x 14.1 x 13.5 x
EV / FCF - - - 18.6 x -47.6 x 17.6 x 15.3 x 39 x
FCF Yield - - - 5.37% -2.1% 5.69% 6.53% 2.57%
Price to Book 0.68 x 0.38 x 0.74 x 0.74 x 0.71 x 0.54 x 0.52 x 0.49 x
Nbr of stocks (in thousands) 562,497 562,565 562,587 561,651 560,005 556,226 - -
Reference price 2 187.9 99.90 114.6 129.9 147.0 118.9 118.9 118.9
Announcement Date 9/19/19 9/28/20 9/22/21 9/26/22 9/21/23 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 56,968 54,732 65,803 76,096 80,843 49,540 52,298 55,168
EBITDA 1 - - - 6,952 6,130 5,026 5,248 5,528
EBIT 1 - - - 5,060 4,279 3,448 3,586 3,781
Operating Margin - - - 6.65% 5.29% 6.96% 6.86% 6.85%
Earnings before Tax (EBT) 1 - - - 5,601 5,000 7,374 8,002 8,655
Net income 1 8,195 6,646 3,550 13,139 9,624 7,374 8,002 8,655
Net margin 14.39% 12.14% 5.39% 17.27% 11.9% 14.88% 15.3% 15.69%
EPS 14.49 5.606 6.255 - - - - -
Free Cash Flow 1 - - - 3,813 -1,861 4,154 4,819 1,913
FCF margin - - - 5.01% -2.3% 8.39% 9.21% 3.47%
FCF Conversion (EBITDA) - - - 54.85% - 82.65% 91.83% 34.61%
FCF Conversion (Net income) - - - 29.02% - 56.33% 60.22% 22.1%
Dividend per Share 2 5.640 2.650 0.9000 1.500 2.400 2.386 2.959 3.331
Announcement Date 9/19/19 9/28/20 9/22/21 9/26/22 9/21/23 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2022 S1 2023 S1
Net sales - - -
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income - 4,932 -
Net margin - - -
EPS 7.509 8.678 -
Dividend per Share 1 2.150 0.5000 0.8000
Announcement Date 3/17/20 3/24/22 3/23/23
1ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,559 - - - 6,188 6,924 7,662 8,399
Net Cash position 1 - - - 2,020 - - - -
Leverage (Debt/EBITDA) - - - - 1.009 x 1.378 x 1.46 x 1.519 x
Free Cash Flow 1 - - - 3,813 -1,861 4,154 4,819 1,913
ROE (net income / shareholders' equity) 8.23% 3.37% 3.3% 6.96% 6.58% 4.7% 5.86% 6.05%
ROA (Net income/ Total Assets) 5.35% - 2% 4.37% 4.59% 3.2% 4.4% 4.4%
Assets 1 153,178 - 177,500 300,925 209,819 230,438 181,864 196,705
Book Value Per Share 2 275.0 260.0 156.0 175.0 206.0 219.0 230.0 242.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 9/19/19 9/28/20 9/22/21 9/26/22 9/21/23 - - -
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
UNDERPERFORM
Number of Analysts
2
Last Close Price
118.9 ZAR
Average target price
136 ZAR
Spread / Average Target
+14.38%
Consensus

Annual profits - Rate of surprise

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