Financials Primeserv Group Limited

Equities

PMV

ZAE000039277

Employment Services

End-of-day quote Johannesburg S.E. 18:00:00 2024-05-16 EDT 5-day change 1st Jan Change
1.26 ZAR 0.00% Intraday chart for Primeserv Group Limited -3.08% 0.00%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 54.04 54.94 52.56 77.52 91.72 102.1
Enterprise Value (EV) 1 62.66 67.32 44.92 43.51 37.92 44.94
P/E ratio 2.76 x 2.38 x 1.95 x 4.47 x 5.99 x 5.35 x
Yield 5.17% 6.56% 5% 4.44% 6.82% 7.2%
Capitalization / Revenue 0.07 x 0.07 x 0.07 x 0.11 x 0.12 x 0.13 x
EV / Revenue 0.09 x 0.08 x 0.06 x 0.06 x 0.05 x 0.06 x
EV / EBITDA 2.66 x 2.57 x 1.56 x 3.11 x 2.46 x 2.04 x
EV / FCF 2.81 x -6.63 x 1.86 x 1.89 x 1.39 x 2.83 x
FCF Yield 35.6% -15.1% 53.9% 52.9% 71.8% 35.4%
Price to Book 0.41 x 0.36 x 0.3 x 0.41 x 0.5 x 0.52 x
Nbr of stocks (in thousands) 90,064 90,064 87,595 86,132 83,383 81,652
Reference price 2 0.6000 0.6100 0.6000 0.9000 1.100 1.250
Announcement Date 7/30/18 7/31/19 9/29/20 9/21/21 8/6/22 7/31/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 725.3 806.7 807.7 737.3 777.1 805.1
EBITDA 1 23.51 26.14 28.88 14.01 15.4 22.07
EBIT 1 22.25 25.26 27.25 12.76 10.75 19.55
Operating Margin 3.07% 3.13% 3.37% 1.73% 1.38% 2.43%
Earnings before Tax (EBT) 1 20.27 24.89 26.78 13.35 17.2 23.6
Net income 1 19.54 22.99 26.72 17.22 15.51 18.61
Net margin 2.69% 2.85% 3.31% 2.34% 2% 2.31%
EPS 2 0.2170 0.2561 0.3073 0.2015 0.1836 0.2338
Free Cash Flow 1 22.3 -10.16 24.2 23.02 27.24 15.89
FCF margin 3.07% -1.26% 3% 3.12% 3.5% 1.97%
FCF Conversion (EBITDA) 94.85% - 83.79% 164.28% 176.9% 72%
FCF Conversion (Net income) 114.11% - 90.56% 133.7% 175.65% 85.39%
Dividend per Share 2 0.0310 0.0400 0.0300 0.0400 0.0750 0.0900
Announcement Date 7/30/18 7/31/19 9/29/20 9/21/21 8/6/22 7/31/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 8.62 12.4 - - - -
Net Cash position 1 - - 7.64 34 53.8 57.1
Leverage (Debt/EBITDA) 0.3667 x 0.4735 x - - - -
Free Cash Flow 1 22.3 -10.2 24.2 23 27.2 15.9
ROE (net income / shareholders' equity) 17.2% 17.4% 16.1% 7.49% 10.6% 11%
ROA (Net income/ Total Assets) 7.99% 8.16% 7.61% 3.44% 2.91% 5.06%
Assets 1 244.7 281.6 351.2 499.8 532.4 367.4
Book Value Per Share 2 1.450 1.700 1.990 2.180 2.200 2.400
Cash Flow per Share 2 0.0500 0.0800 0.3800 0.5400 0.7400 0.8000
Capex 1 3.35 0.78 1.04 0.83 2.15 0.31
Capex / Sales 0.46% 0.1% 0.13% 0.11% 0.28% 0.04%
Announcement Date 7/30/18 7/31/19 9/29/20 9/21/21 8/6/22 7/31/23
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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