Financials Equites Property Fund Limited

Equities

EQU

ZAE000188843

Commercial REITs

End-of-day quote Johannesburg S.E. 03:30:00 08/05/2024 am IST 5-day change 1st Jan Change
11.95 ZAR +1.27% Intraday chart for Equites Property Fund Limited -3.63% -14.34%

Valuation

Fiscal Period: February 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,109 9,575 11,512 15,530 11,967 9,342 - -
Enterprise Value (EV) 1 13,383 9,575 17,642 23,961 22,881 20,298 18,121 18,073
P/E ratio 13.5 x 11.4 x - - - - - -
Yield 6.89% 8.77% 8.47% 7.74% 11% 10.7% 10.7% 11.4%
Capitalization / Revenue 13.2 x 9.64 x 10.1 x 10.3 x 6.34 x 4.74 x 4.42 x 4.14 x
EV / Revenue 17.5 x 9.64 x 15.5 x 15.9 x 12.1 x 10.3 x 8.58 x 8.01 x
EV / EBITDA 2,52,53,193 x 1,18,52,813 x - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.19 x 0.98 x 1.06 x 1.13 x 0.93 x 0.74 x 0.75 x 0.74 x
Nbr of stocks (in thousands) 5,03,417 5,54,441 6,28,716 7,37,790 7,74,090 7,81,753 - -
Reference price 2 20.08 17.27 18.31 21.05 15.46 11.95 11.95 11.95
Announcement Date 09/05/19 05/05/20 04/05/21 04/05/22 09/05/23 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 766.2 993.7 1,137 1,505 1,887 1,971 2,112 2,256
EBITDA 529.9 807.8 - - - - - -
EBIT 1 528.2 804.5 867.9 1,525 1,472 1,479 1,546 1,610
Operating Margin 68.95% 80.96% 76.31% 101.32% 78.02% 75.01% 73.18% 71.39%
Earnings before Tax (EBT) - - - - - - - -
Net income - 839.4 - - - - - -
Net margin - 84.47% - - - - - -
EPS 1.488 1.514 - - - - - -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.384 1.514 1.550 1.630 1.696 1.278 1.281 1.368
Announcement Date 09/05/19 05/05/20 04/05/21 04/05/22 09/05/23 - - -
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: February 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,274 - 6,130 8,430 10,914 10,956 8,779 8,731
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.178 x - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.04% - - 16.1% -4.67% 8.2% 6.2% 11.3%
ROA (Net income/ Total Assets) 6.46% - - - - - - -
Assets - - - - - - - -
Book Value Per Share 2 16.90 17.50 17.20 18.60 16.60 16.10 16.00 16.10
Cash Flow per Share 1.550 - - - - - - -
Capex 1 - - 2.41 1.56 11.4 24.4 23.8 21.5
Capex / Sales - - 0.21% 0.1% 0.6% 1.24% 1.13% 0.95%
Announcement Date 09/05/19 05/05/20 04/05/21 04/05/22 09/05/23 - - -
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

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
11.95 ZAR
Average target price
12 ZAR
Spread / Average Target
+0.42%
Consensus

Chiffre d''affaires - Rate of surprise

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  4. Financials Equites Property Fund Limited
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