Financials Pick n Pay Stores Limited

Equities

PIK

ZAE000005443

Food Retail & Distribution

End-of-day quote Johannesburg S.E. 03:30:00 27/06/2024 am IST 5-day change 1st Jan Change
24.97 ZAR -0.52% Intraday chart for Pick n Pay Stores Limited -8.53% +7.31%

Valuation

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 26,566 24,924 22,280 21,944 11,222 12,052 - -
Enterprise Value (EV) 1 43,509 41,151 38,746 43,219 11,222 35,903 36,702 37,721
P/E ratio 22.4 x 25.7 x 18.3 x 18.8 x -3.51 x -32.3 x 57.4 x 17.1 x
Yield 0.77% 3.45% 4.76% 4.06% - - 1.47% 3.23%
Capitalization / Revenue 0.3 x 0.27 x 0.23 x 0.21 x 0.1 x 0.1 x 0.1 x 0.09 x
EV / Revenue 0.49 x 0.44 x 0.4 x 0.41 x 0.1 x 0.31 x 0.3 x 0.28 x
EV / EBITDA 7.16 x 7.07 x 6.24 x 6.54 x 2.54 x 6.05 x 5.13 x 4.52 x
EV / FCF 15.1 x 15.2 x 35.5 x -47.2 x - -29.7 x 92.9 x -
FCF Yield 6.64% 6.58% 2.82% -2.12% - -3.37% 1.08% -
Price to Book 8.83 x 7.4 x 5.99 x 5.92 x - 10 x 9.57 x 2.98 x
Nbr of stocks (in thousands) 4,76,176 4,78,664 4,79,759 4,80,902 4,82,654 4,82,654 - -
Reference price 2 55.79 52.07 46.44 45.63 23.25 24.97 24.97 24.97
Announcement Date 12/05/20 21/04/21 17/05/22 03/05/23 27/05/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 89,282 93,079 97,873 1,06,562 1,12,295 1,17,238 1,24,369 1,33,524
EBITDA 1 6,079 5,820 6,206 6,613 4,414 5,934 7,151 8,344
EBIT 1 3,148 2,708 2,886 3,048 385 1,475 2,651 3,573
Operating Margin 3.53% 2.91% 2.95% 2.86% 0.34% 1.26% 2.13% 2.68%
Earnings before Tax (EBT) 1 1,736 1,408 1,762 1,708 -4,147 -697 788.3 1,621
Net income 1 1,195 967.1 1,214 1,170 -3,190 -467.4 183.2 734.1
Net margin 1.34% 1.04% 1.24% 1.1% -2.84% -0.4% 0.15% 0.55%
EPS 2 2.496 2.025 2.533 2.425 -6.617 -0.7725 0.4351 1.460
Free Cash Flow 1 2,890 2,707 1,091 -916.3 - -1,210 395 -
FCF margin 3.24% 2.91% 1.11% -0.86% - -1.03% 0.32% -
FCF Conversion (EBITDA) 47.55% 46.51% 17.58% - - - 5.52% -
FCF Conversion (Net income) 241.93% 279.87% 89.85% - - - 215.62% -
Dividend per Share 2 0.4280 1.797 2.212 1.852 - - 0.3680 0.8054
Announcement Date 12/05/20 21/04/21 17/05/22 03/05/23 27/05/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2024 S1 2024 S2
Net sales 1 46,073 44,227 48,851 - - - 54,062 58,233
EBITDA - - - - - - - -
EBIT - - 1,822 - - - - -
Operating Margin - - 3.73% - - - - -
Earnings before Tax (EBT) 1 - - 1,166 - - - - -3,388
Net income 1 - - 808.4 - 917.7 453.3 - -2,619
Net margin - - 1.65% - - - - -4.5%
EPS 1.590 0.3316 1.694 0.6200 1.914 0.9423 - -
Dividend per Share - - - - 1.850 - - -
Announcement Date 12/05/20 20/10/20 21/04/21 27/09/22 17/05/22 18/10/22 18/10/23 27/05/24
1ZAR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 16,943 16,227 16,466 21,276 - 23,851 24,650 25,670
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.787 x 2.788 x 2.653 x 3.217 x - 4.019 x 3.447 x 3.076 x
Free Cash Flow 1 2,890 2,707 1,091 -916 - -1,210 395 -
ROE (net income / shareholders' equity) 45.4% 34.2% 35.5% 33.6% - -13.6% 10.5% 20.8%
ROA (Net income/ Total Assets) 4.18% 3.07% 3.22% 3.01% - -0.97% 0.29% 1.59%
Assets 1 28,592 31,495 37,702 38,823 - 48,017 64,052 46,284
Book Value Per Share 2 6.320 7.040 7.750 7.700 - 2.490 2.610 8.370
Cash Flow per Share 2 5.600 8.290 6.590 5.630 - 6.830 7.020 8.430
Capex 1 1,745 1,285 2,078 3,633 - 2,139 2,411 2,767
Capex / Sales 1.95% 1.38% 2.12% 3.41% - 1.82% 1.94% 2.07%
Announcement Date 12/05/20 21/04/21 17/05/22 03/05/23 27/05/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
24.97 ZAR
Average target price
27.05 ZAR
Spread / Average Target
+8.33%
Consensus
  1. Stock Market
  2. Equities
  3. PIK Stock
  4. Financials Pick n Pay Stores Limited