LIBSTAR HOLDINGS LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.71 ZAR | +0.54% |
|
+1.09% | +6.00% |
| 15/03 | Transcript : Libstar Holdings Limited, 2023 Earnings Call, Mar 15, 2024 | |
| 15/03 | Libstar Holdings Limited Approves Cash Dividend for the Year Ended 31 December 2023, Payable on 15 April 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,613 | 4,317 | 4,535 | 3,456 | 2,085 | 2,210 | - | - |
| Enterprise Value (EV) 1 | 6,711 | 6,408 | 6,322 | 5,508 | 2,085 | 3,775 | 3,564 | 3,266 |
| P/E ratio | 12.7 x | 13.5 x | 25.1 x | -644 x | 9.21 x | 6.78 x | 5.48 x | 4.75 x |
| Yield | 3.29% | 3.95% | 3.76% | 3.79% | - | 5.15% | 6.01% | 6.94% |
| Capitalization / Revenue | 0.47 x | 0.42 x | 0.45 x | 0.29 x | 0.17 x | 0.17 x | 0.16 x | 0.15 x |
| EV / Revenue | 0.68 x | 0.62 x | 0.63 x | 0.47 x | 0.17 x | 0.29 x | 0.26 x | 0.23 x |
| EV / EBITDA | 6.49 x | 5.75 x | 5.92 x | 5.34 x | 2.09 x | 3.4 x | 2.92 x | 2.44 x |
| EV / FCF | 37.5 x | 21.9 x | 11.3 x | - | - | 7.69 x | 6.5 x | 5.82 x |
| FCF Yield | 2.67% | 4.56% | 8.85% | - | - | 13% | 15.4% | 17.2% |
| Price to Book | 0.83 x | 0.7 x | 0.74 x | 0.66 x | - | 0.42 x | 0.4 x | 0.37 x |
| Nbr of stocks (in thousands) | 6,07,760 | 6,81,921 | 6,81,921 | 5,95,812 | 5,95,812 | 5,95,812 | - | - |
| Reference price 2 | 7.590 | 6.330 | 6.650 | 5.800 | 3.500 | 3.710 | 3.710 | 3.710 |
| Announcement Date | 18/03/20 | 17/03/21 | 16/03/22 | 16/03/23 | 15/03/24 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,893 | 10,286 | 10,001 | 11,772 | 12,382 | 12,996 | 13,750 | 14,475 |
| EBITDA 1 | 1,035 | 1,115 | 1,069 | 1,032 | 998.2 | 1,110 | 1,220 | 1,341 |
| EBIT 1 | 854.8 | 774.1 | 743.2 | 690.1 | 678.3 | 750 | 846.3 | 961.9 |
| Operating Margin | 8.64% | 7.53% | 7.43% | 5.86% | 5.48% | 5.77% | 6.15% | 6.65% |
| Earnings before Tax (EBT) 1 | 493 | 180 | 355.8 | 71.04 | 308.8 | 383 | 535 | 623 |
| Net income 1 | 278.4 | 73.71 | 157.9 | -5.168 | 226.5 | 252.2 | 338.7 | 386.7 |
| Net margin | 2.81% | 0.72% | 1.58% | -0.04% | 1.83% | 1.94% | 2.46% | 2.67% |
| EPS 2 | 0.5980 | 0.4680 | 0.2650 | -0.009000 | 0.3800 | 0.5474 | 0.6775 | 0.7814 |
| Free Cash Flow 1 | 178.9 | 292.2 | 559.7 | - | - | 490.8 | 547.9 | 561 |
| FCF margin | 1.81% | 2.84% | 5.6% | - | - | 3.78% | 3.98% | 3.88% |
| FCF Conversion (EBITDA) | 17.29% | 26.2% | 52.37% | - | - | 44.21% | 44.91% | 41.84% |
| FCF Conversion (Net income) | 64.25% | 396.4% | 354.33% | - | - | 194.59% | 161.77% | 145.07% |
| Dividend per Share 2 | 0.2500 | 0.2500 | 0.2500 | 0.2200 | - | 0.1912 | 0.2228 | 0.2573 |
| Announcement Date | 18/03/20 | 17/03/21 | 16/03/22 | 16/03/23 | 15/03/24 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S2 | 2021 S2 | 2022 S1 |
|---|---|---|---|
| Net sales | 5,580 | 4,884 | - |
| EBITDA | 658.3 | 612.6 | - |
| EBIT | 480.5 | - | - |
| Operating Margin | 8.61% | - | - |
| Earnings before Tax (EBT) | 47.73 | - | - |
| Net income 1 | -25.34 | - | 146.7 |
| Net margin | -0.45% | - | - |
| EPS 2 | 0.2990 | - | 0.2460 |
| Dividend per Share | - | - | - |
| Announcement Date | 17/03/21 | 16/03/22 | 30/07/22 |
1ZAR in Million2ZAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,098 | 2,091 | 1,787 | 2,053 | - | 1,564 | 1,353 | 1,055 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.028 x | 1.875 x | 1.672 x | 1.988 x | - | 1.409 x | 1.109 x | 0.7871 x |
| Free Cash Flow 1 | 179 | 292 | 560 | - | - | 491 | 548 | 561 |
| ROE (net income / shareholders' equity) | 5.14% | 7.88% | 8.96% | 7.38% | - | 6.81% | 8.02% | 8.89% |
| ROA (Net income/ Total Assets) | 2.7% | 3.98% | - | - | - | 3.25% | 4.05% | 4.45% |
| Assets 1 | 10,311 | 1,853 | - | - | - | 7,760 | 8,363 | 8,690 |
| Book Value Per Share 2 | 9.100 | 8.990 | 8.960 | 8.730 | - | 8.730 | 9.270 | 9.920 |
| Cash Flow per Share 2 | 0.9700 | 1.070 | 1.320 | 0.8900 | - | 0.9600 | 1.060 | 1.180 |
| Capex 1 | 401 | 345 | 226 | 299 | - | 265 | 280 | 323 |
| Capex / Sales | 4.05% | 3.35% | 2.26% | 2.54% | - | 2.04% | 2.04% | 2.23% |
| Announcement Date | 18/03/20 | 17/03/21 | 16/03/22 | 16/03/23 | 15/03/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
3.71
ZAR
Average target price
4.386
ZAR
Spread / Average Target
+18.22%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +6.00% | 12Cr | |
| -2.94% | 27TCr | |
| -0.69% | 9.63TCr | |
| -2.14% | 4.43TCr | |
| +12.04% | 4.24TCr | |
| +1.23% | 4.16TCr | |
| +8.77% | 3.99TCr | |
| -14.61% | 3.1TCr | |
| -6.54% | 2.9TCr | |
| +14.87% | 2.52TCr |
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