Financials Spur Corporation Ltd

Equities

SUR

ZAE000022653

Restaurants & Bars

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
29 ZAR +1.15% Intraday chart for Spur Corporation Ltd 0.00% -9.38%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 2,461 2,085 1,424 1,616 1,729 1,930
Enterprise Value (EV) 1 2,211 1,800 1,308 1,396 1,472 1,581
P/E ratio 15.6 x 12.7 x 22.2 x 17.4 x 14.3 x 9.02 x
Yield 4.77% 6.19% 4.59% 4.05% 6.18% 8.22%
Capitalization / Revenue 3.69 x 2.21 x 1.87 x 2.37 x 0.72 x 0.63 x
EV / Revenue 3.31 x 1.9 x 1.72 x 2.05 x 0.62 x 0.52 x
EV / EBITDA 10.5 x 7.28 x 9.97 x 10.7 x 6.68 x 5.21 x
EV / FCF 21.3 x 43.5 x 4.49 x 16.2 x 11.3 x 7.19 x
FCF Yield 4.69% 2.3% 22.3% 6.17% 8.82% 13.9%
Price to Book 2.84 x 2.41 x 2.71 x 2.6 x 2.52 x 2.57 x
Nbr of stocks (in thousands) 95,539 94,850 83,831 83,968 84,122 82,676
Reference price 2 25.76 21.98 16.99 19.25 20.55 23.35
Announcement Date 10/19/18 10/22/19 11/20/20 9/23/21 8/19/22 8/22/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 667.2 944.8 761.6 681.4 2,391 3,045
EBITDA 1 209.8 247.1 131.2 130.6 220.5 303.4
EBIT 1 199.9 236.5 120 120.4 211.3 294.4
Operating Margin 29.96% 25.04% 15.76% 17.67% 8.83% 9.67%
Earnings before Tax (EBT) 1 231.4 257.1 127.8 148.2 209.7 318.4
Net income 1 158.5 165.1 66.92 93.08 121.2 212.2
Net margin 23.76% 17.48% 8.79% 13.66% 5.07% 6.97%
EPS 2 1.655 1.732 0.7662 1.105 1.438 2.589
Free Cash Flow 1 103.7 41.38 291.2 86.1 129.9 219.8
FCF margin 15.54% 4.38% 38.24% 12.63% 5.43% 7.22%
FCF Conversion (EBITDA) 49.42% 16.75% 222.06% 65.93% 58.91% 72.45%
FCF Conversion (Net income) 65.42% 25.06% 435.19% 92.5% 107.13% 103.6%
Dividend per Share 2 1.230 1.360 0.7800 0.7800 1.270 1.920
Announcement Date 10/19/18 10/22/19 11/20/20 9/23/21 8/19/22 8/22/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 250 285 116 221 257 349
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 104 41.4 291 86.1 130 220
ROE (net income / shareholders' equity) 19% 20% 10% 17% 19.5% 30.7%
ROA (Net income/ Total Assets) 12.4% 14.4% 8.18% 8.8% 13.1% 16.6%
Assets 1 1,283 1,150 817.9 1,058 928.2 1,277
Book Value Per Share 2 9.080 9.130 6.280 7.410 8.140 9.070
Cash Flow per Share 2 2.720 3.000 1.990 3.110 3.520 4.610
Capex 1 10.3 9.32 14.6 1.94 8 5.46
Capex / Sales 1.54% 0.99% 1.91% 0.28% 0.33% 0.18%
Announcement Date 10/19/18 10/22/19 11/20/20 9/23/21 8/19/22 8/22/23
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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