SHOPRITE HOLDINGS LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 265.1 ZAR | +0.05% |
|
+1.37% | -3.61% |
| May. 24 | Shoprite Holdings Appoints Wendy Lucas-Bull as Member of the Social and Ethics Committee | CI |
| May. 17 | Shoprite's Checkers extends on-demand delivery to general merchandise | RE |
Valuation
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 87,562 | 59,663 | 85,781 | 106,892 | 122,464 | 144,228 | - | - |
| Enterprise Value (EV) 1 | 95,685 | 61,653 | 112,053 | 138,060 | 154,660 | 183,081 | 185,237 | 187,249 |
| P/E ratio | 20.6 x | 17.8 x | 18.3 x | 18.9 x | 20.9 x | 21.1 x | 18.8 x | 16.4 x |
| Yield | 2.02% | 3.55% | 3.5% | 3.06% | 2.94% | 2.66% | 2.98% | 3.41% |
| Capitalization / Revenue | 0.58 x | 0.38 x | 0.51 x | 0.58 x | 0.56 x | 0.6 x | 0.55 x | 0.51 x |
| EV / Revenue | 0.64 x | 0.39 x | 0.67 x | 0.75 x | 0.7 x | 0.76 x | 0.71 x | 0.66 x |
| EV / EBITDA | 10.1 x | 4.82 x | 7.42 x | 8.31 x | 8.23 x | 8.91 x | 8.21 x | 7.52 x |
| EV / FCF | -329 x | 7.93 x | 23.5 x | 106 x | 49.5 x | 88.5 x | 58.6 x | 36.1 x |
| FCF Yield | -0.3% | 12.6% | 4.25% | 0.95% | 2.02% | 1.13% | 1.71% | 2.77% |
| Price to Book | 3.35 x | 3.1 x | 4.02 x | 4.17 x | 4.69 x | 4.96 x | 4.42 x | 3.96 x |
| Nbr of stocks (in thousands) | 554,329 | 552,643 | 551,432 | 545,117 | 542,839 | 544,011 | - | - |
| Reference price 2 | 158.0 | 108.0 | 155.6 | 196.1 | 225.6 | 265.1 | 265.1 | 265.1 |
| Announcement Date | 8/20/19 | 9/8/20 | 9/7/21 | 9/6/22 | 9/5/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 150,395 | 156,855 | 168,030 | 184,078 | 219,530 | 240,222 | 261,408 | 284,322 |
| EBITDA 1 | 9,516 | 12,782 | 15,100 | 16,623 | 18,800 | 20,558 | 22,550 | 24,916 |
| EBIT 1 | 6,876 | 7,751 | 9,664 | 11,030 | 11,916 | 13,301 | 14,758 | 16,615 |
| Operating Margin | 4.57% | 4.94% | 5.75% | 5.99% | 5.43% | 5.54% | 5.65% | 5.84% |
| Earnings before Tax (EBT) 1 | 6,339 | 5,246 | 6,957 | 8,286 | 9,132 | 10,370 | 11,523 | 13,067 |
| Net income 1 | 4,260 | 3,356 | 4,698 | 5,701 | 5,886 | 6,887 | 7,666 | 8,785 |
| Net margin | 2.83% | 2.14% | 2.8% | 3.1% | 2.68% | 2.87% | 2.93% | 3.09% |
| EPS 2 | 7.673 | 6.060 | 8.482 | 10.40 | 10.78 | 12.58 | 14.12 | 16.14 |
| Free Cash Flow 1 | -291 | 7,772 | 4,765 | 1,305 | 3,122 | 2,068 | 3,159 | 5,191 |
| FCF margin | -0.19% | 4.95% | 2.84% | 0.71% | 1.42% | 0.86% | 1.21% | 1.83% |
| FCF Conversion (EBITDA) | - | 60.8% | 31.56% | 7.85% | 16.61% | 10.06% | 14.01% | 20.84% |
| FCF Conversion (Net income) | - | 231.59% | 101.43% | 22.89% | 53.04% | 30.03% | 41.21% | 59.09% |
| Dividend per Share 2 | 3.190 | 3.830 | 5.440 | 6.000 | 6.630 | 7.043 | 7.901 | 9.039 |
| Announcement Date | 8/20/19 | 9/8/20 | 9/7/21 | 9/6/22 | 9/5/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: July | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 81,150 | 75,705 | 83,430 | 84,600 | - | 123,707 | 119,638 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | - | - | 4,427 | - | - | - | 6,749 |
| Operating Margin | - | - | 5.31% | - | - | - | 5.64% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | - | - | - | - | 2,714 | 3,339 | - |
| Net margin | - | - | - | - | - | 2.7% | - |
| EPS | - | - | 4.007 | 4.569 | 4.940 | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 2/25/20 | 9/8/20 | 3/16/21 | 9/7/21 | 3/8/22 | 3/5/24 | - |
1ZAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,123 | 1,990 | 26,272 | 31,168 | 32,196 | 38,853 | 41,008 | 43,021 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8536 x | 0.1557 x | 1.74 x | 1.875 x | 1.713 x | 1.89 x | 1.819 x | 1.727 x |
| Free Cash Flow 1 | -291 | 7,772 | 4,765 | 1,305 | 3,122 | 2,068 | 3,159 | 5,191 |
| ROE (net income / shareholders' equity) | 15.9% | 18.2% | 25.6% | 24.7% | 22.8% | 24.3% | 24.4% | 24.9% |
| ROA (Net income/ Total Assets) | 6.72% | 4.49% | 6.6% | 6.82% | 6.07% | 6.33% | 6.58% | 6.8% |
| Assets 1 | 63,419 | 74,662 | 71,143 | 83,572 | 96,905 | 108,735 | 116,439 | 129,106 |
| Book Value Per Share 2 | 47.20 | 34.80 | 38.70 | 47.00 | 48.10 | 53.50 | 59.90 | 67.00 |
| Cash Flow per Share 2 | 8.990 | 19.80 | 14.40 | 12.20 | 18.00 | 16.80 | 22.10 | 21.70 |
| Capex 1 | 5,280 | 3,217 | 3,218 | 5,381 | 6,709 | 8,474 | 8,598 | 8,442 |
| Capex / Sales | 3.51% | 2.05% | 1.92% | 2.92% | 3.06% | 3.53% | 3.29% | 2.97% |
| Announcement Date | 8/20/19 | 9/8/20 | 9/7/21 | 9/6/22 | 9/5/23 | - | - | - |
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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
265.1
ZAR
Average target price
286.5
ZAR
Spread / Average Target
+8.08%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.61% | 7.83B | |
| -12.18% | 37.79B | |
| +14.74% | 36.7B | |
| +8.58% | 33.48B | |
| +2.75% | 18.82B | |
| 0.00% | 14.25B | |
| -11.02% | 13.98B | |
| +24.90% | 12.7B | |
| -1.60% | 12.24B | |
| -.--% | 11.82B |
- Stock Market
- Equities
- SHP Stock
- Financials Shoprite Holdings Ltd
