Financials Zeder Investments Ltd.

Equities

ZED

ZAE000088431

Investment Management & Fund Operators

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1.76 ZAR -4.86% Intraday chart for Zeder Investments Ltd. -1.68% 0.00%

Valuation

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Capitalization 1 11,025 7,199 7,216 4,063 5,491 2,646
Enterprise Value (EV) 1 14,066 9,838 10,953 3,187 4,983 2,201
P/E ratio 46.1 x 111 x 12.9 x 1.81 x 7.88 x -12.8 x
Yield 1.71% 2.6% - - - -
Capitalization / Revenue 1.3 x 0.94 x 0.96 x - - -
EV / Revenue 1.66 x 1.29 x 1.46 x - - -
EV / EBITDA 38.7 x 209 x 43.8 x 11.6 x - -
EV / FCF -126 x -22 x -1.87 x 0.43 x -1.48 x 0.64 x
FCF Yield -0.79% -4.55% -53.5% 231% -67.5% 156%
Price to Book 1.33 x 0.89 x 0.9 x 0.61 x 0.77 x 0.66 x
Nbr of stocks (in thousands) 1,709,342 1,701,879 1,701,879 1,533,257 1,538,000 1,538,259
Reference price 2 6.450 4.230 4.240 2.650 3.570 1.720
Announcement Date 5/21/18 4/16/19 5/29/20 5/26/21 6/10/22 5/24/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Net sales 1 8,485 7,641 7,492 - - -
EBITDA 1 363.7 47 250 275 - -
EBIT 1 174.9 -154 64 -22 -36 -32
Operating Margin 2.06% -2.02% 0.85% - - -
Earnings before Tax (EBT) 1 404.5 232 -99 1,137 10 38
Net income 1 254 89 561 2,475 801 -187
Net margin 2.99% 1.16% 7.49% - - -
EPS 2 0.1400 0.0381 0.3290 1.468 0.4528 -0.1343
Free Cash Flow 1 -111.3 -447.8 -5,858 7,357 -3,362 3,426
FCF margin -1.31% -5.86% -78.19% - - -
FCF Conversion (EBITDA) - - - 2,675.14% - -
FCF Conversion (Net income) - - - 297.24% - -
Dividend per Share 2 0.1100 0.1100 - - - -
Announcement Date 5/21/18 4/16/19 5/29/20 5/26/21 6/10/22 5/24/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Net Debt 1 3,040 2,639 3,737 - - -
Net Cash position 1 - - - 876 508 445
Leverage (Debt/EBITDA) 8.359 x 56.15 x 14.95 x - - -
Free Cash Flow 1 -111 -448 -5,858 7,357 -3,362 3,426
ROE (net income / shareholders' equity) 2.41% 1.43% -2.34% 14.9% -0.03% 0.41%
ROA (Net income/ Total Assets) 0.82% -0.73% 0.3% -0.13% -0.32% -0.35%
Assets 1 30,877 -12,114 188,953 -1,880,699 -249,688 53,216
Book Value Per Share 2 4.860 4.760 4.690 4.330 4.660 2.600
Cash Flow per Share 2 0.1900 0.2500 0.2400 0.5700 0.3300 0.2900
Capex 1 212 177 202 - - -
Capex / Sales 2.5% 2.32% 2.7% - - -
Announcement Date 5/21/18 4/16/19 5/29/20 5/26/21 6/10/22 5/24/23
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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