Financials Zeda Limited

Equities

ZZD

ZAE000315768

Passenger Transportation, Ground & Sea

End-of-day quote Johannesburg S.E. 18:00:00 2024-06-20 EDT 5-day change 1st Jan Change
11.8 ZAR 0.00% Intraday chart for Zeda Limited +0.08% -7.45%

Valuation

Fiscal Period: September 2023 2024 2025 2026
Capitalization 1 2,200 2,211 - -
Enterprise Value (EV) 1 2,200 7,305 7,497 7,691
P/E ratio 3 x 3.67 x 3.33 x 2.98 x
Yield - 8.2% 9.19% 9.18%
Capitalization / Revenue - 0.21 x 0.19 x 0.18 x
EV / Revenue - 0.7 x 0.65 x 0.62 x
EV / EBITDA - 2.01 x 1.93 x 1.83 x
EV / FCF - -20.3 x -39.5 x -68.7 x
FCF Yield - -4.91% -2.53% -1.46%
Price to Book - - - -
Nbr of stocks (in thousands) 189,642 187,368 - -
Reference price 2 11.60 11.80 11.80 11.80
Announcement Date 23-11-27 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2022 2023 2024 2025 2026
Net sales 1 - - 10,490 11,535 12,403
EBITDA 1 - - 3,628 3,886 4,207
EBIT 1 - - 1,549 1,648 1,805
Operating Margin - - 14.77% 14.29% 14.56%
Earnings before Tax (EBT) 1 - - 849.6 932 1,042
Net income 1 561.4 731.9 609.8 670.9 750.1
Net margin - - 5.81% 5.82% 6.05%
EPS 2 2.960 3.872 3.215 3.540 3.965
Free Cash Flow 1 - - -359 -190 -112
FCF margin - - -3.42% -1.65% -0.9%
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 - - 0.9675 1.085 1.083
Announcement Date 22-11-28 23-11-27 - - -
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: September 2022 2023 2024 2025 2026
Net Debt 1 - - 5,094 5,286 5,480
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) - - 1.404 x 1.36 x 1.303 x
Free Cash Flow 1 - - -359 -190 -112
ROE (net income / shareholders' equity) - - 22.2% 20.9% 20.2%
ROA (Net income/ Total Assets) - - 7.8% 7.75% 8%
Assets 1 - - 7,819 8,657 9,376
Book Value Per Share - - - - -
Cash Flow per Share - - - - -
Capex 1 - - 2,382 2,599 2,841
Capex / Sales - - 22.71% 22.53% 22.91%
Announcement Date 22-11-28 23-11-27 - - -
1ZAR in Million
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
OUTPERFORM
Number of Analysts
2
Last Close Price
11.8 ZAR
Average target price
15.1 ZAR
Spread / Average Target
+27.97%
Consensus

Annual profits - Rate of surprise

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