REDEFINE PROPERTIES LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.99 ZAR | +0.50% |
|
-1.48% | +3.64% |
| 05-06 | Redefine Properties Limited Reports Earnings Results for the Half Year Ended February 29, 2024 | CI |
| 05-06 | Transcript : Redefine Properties Limited, H1 2024 Earnings Call, May 06, 2024 |
Valuation
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 42,640 | 13,417 | 24,990 | 25,429 | 24,174 | 26,942 | - | - |
| Enterprise Value (EV) 1 | 83,419 | 49,834 | 54,377 | 60,955 | 24,174 | 68,564 | 68,682 | 68,733 |
| P/E ratio | - | - | - | - | - | - | - | - |
| Yield | 12.4% | - | 13.1% | 11.3% | 12.2% | 11.1% | 11.2% | 11.9% |
| Capitalization / Revenue | 4.99 x | 1.61 x | 3.25 x | 2.97 x | 2.43 x | 3.65 x | 3.48 x | 3.34 x |
| EV / Revenue | 9.76 x | 5.97 x | 7.07 x | 7.13 x | 2.43 x | 9.3 x | 8.88 x | 8.53 x |
| EV / EBITDA | 15.2 x | 9.71 x | 13.9 x | 13.5 x | 4.48 x | 11.9 x | 11.4 x | 11 x |
| EV / FCF | -302,175,337 x | -294,080,883 x | 39,488,545 x | - | - | - | - | - |
| FCF Yield | -0% | -0% | 0% | - | - | - | - | - |
| Price to Book | 0.75 x | 0.35 x | 0.63 x | 0.52 x | - | 0.53 x | 0.52 x | 0.5 x |
| Nbr of stocks (in thousands) | 5,431,786 | 5,431,786 | 5,432,630 | 6,691,867 | 6,752,420 | 6,752,420 | - | - |
| Reference price 2 | 7.850 | 2.470 | 4.600 | 3.800 | 3.580 | 3.990 | 3.990 | 3.990 |
| Announcement Date | 19-11-04 | 20-12-01 | 21-11-08 | 22-11-07 | 23-11-06 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,544 | 8,350 | 7,688 | 8,553 | 9,935 | 7,372 | 7,737 | 8,060 |
| EBITDA 1 | 5,480 | 5,134 | 3,924 | 4,522 | 5,393 | 5,780 | 6,032 | 6,236 |
| EBIT 1 | 5,417 | 4,819 | 3,880 | 4,502 | 5,370 | 5,796 | 5,995 | 6,132 |
| Operating Margin | 63.4% | 57.72% | 50.47% | 52.63% | 54.05% | 78.62% | 77.49% | 76.08% |
| Earnings before Tax (EBT) | - | -16,626 | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Free Cash Flow | -276.1 | -169.5 | 1,377 | - | - | - | - | - |
| FCF margin | -3.23% | -2.03% | 17.91% | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | 35.09% | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.9732 | - | 0.6012 | 0.4297 | 0.4380 | 0.4440 | 0.4480 | 0.4730 |
| Announcement Date | 19-11-04 | 20-12-01 | 21-11-08 | 22-11-07 | 23-11-06 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: August | 2021 S1 | 2023 S1 | 2024 S1 |
|---|---|---|---|
| Net sales | 3,334 | - | - |
| EBITDA | - | - | - |
| EBIT | 1,683 | - | - |
| Operating Margin | 50.48% | - | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income | - | - | - |
| Net margin | - | - | - |
| EPS | - | - | - |
| Dividend per Share 1 | - | 0.2032 | 0.2280 |
| Announcement Date | 21-05-17 | 23-05-08 | - |
1ZAR
Estimates
Balance Sheet Analysis
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 40,779 | 36,418 | 29,387 | 35,526 | - | 41,622 | 41,740 | 41,791 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.442 x | 7.094 x | 7.489 x | 7.856 x | - | 7.201 x | 6.92 x | 6.701 x |
| Free Cash Flow | -276 | -169 | 1,377 | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 5.88% | 5.94% | 7.05% | 19.6% | - | 6.5% | 6.5% | 6.9% |
| ROA (Net income/ Total Assets) | 3.32% | 3.03% | 3.46% | 10.3% | - | 3.4% | 3.4% | 3.6% |
| Assets | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 10.50 | 7.150 | 7.330 | 7.300 | - | 7.500 | 7.660 | 7.930 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 4,901 | 2,839 | 916 | 1,234 | - | 641 | 647 | 653 |
| Capex / Sales | 57.36% | 34% | 11.92% | 14.43% | - | 8.69% | 8.36% | 8.1% |
| Announcement Date | 19-11-04 | 20-12-01 | 21-11-08 | 22-11-07 | 23-11-06 | - | - | - |
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
BUY
Number of Analysts
4
Last Close Price
3.99
ZAR
Average target price
4.375
ZAR
Spread / Average Target
+9.65%
Chiffre d''affaires - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.64% | 1.46B | |
| -4.86% | 47.57B | |
| -4.91% | 21.08B | |
| +19.87% | 11.91B | |
| -5.34% | 9.7B | |
| -0.49% | 8.51B | |
| -14.19% | 8.34B | |
| +3.32% | 7.77B | |
| -16.42% | 5.68B | |
| +6.86% | 5.45B |
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