Financials Exemplar REITail Limited

Equities

EXP

ZAE000257549

Commercial REITs

End-of-day quote Johannesburg S.E. 06:00:00 2024-05-23 pm EDT 5-day change 1st Jan Change
11.5 ZAR 0.00% Intraday chart for Exemplar REITail Limited 0.00% 0.00%

Valuation

Fiscal Period: February 2019 2020 2021 2022 2023 2024
Capitalization 1 3,059 3,101 3,055 3,190 3,984 3,821
Enterprise Value (EV) 1 4,728 5,170 5,611 5,594 6,913 7,102
P/E ratio 5.21 x 8.64 x 13.3 x 3.49 x 4.16 x -
Yield 8.25% 9.51% 9.05% 12.2% 11.8% -
Capitalization / Revenue 4.36 x 4.26 x 3.87 x 3.61 x 3.8 x 3.13 x
EV / Revenue 6.73 x 7.1 x 7.11 x 6.32 x 6.6 x 5.82 x
EV / EBITDA 10.7 x 11.6 x 11.7 x 10.5 x 10.2 x 9.4 x
EV / FCF - 622,025,323 x 14,256,587 x 22,300,089 x 15,382,856 x 41,753,710 x
FCF Yield - 0% 0% 0% 0% 0%
Price to Book 0.88 x 0.88 x 0.86 x 0.75 x 0.85 x -
Nbr of stocks (in thousands) 305,872 319,739 325,028 332,291 332,291 332,291
Reference price 2 10.00 9.700 9.400 9.600 11.99 11.50
Announcement Date 6/18/19 6/17/20 5/25/21 5/24/22 5/29/23 5/27/24
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2019 2020 2021 2022 2023
Net sales 1 702.3 727.7 789.2 884.6 1,047
EBITDA 1 440.8 447.1 480.7 534.8 675.8
EBIT 1 440.7 446.7 480.1 534 674.6
Operating Margin 62.76% 61.39% 60.84% 60.36% 64.4%
Earnings before Tax (EBT) 1 493.6 380 253.2 1,006 1,080
Net income 1 447.9 361.4 231.5 914.3 975.3
Net margin 63.78% 49.67% 29.34% 103.35% 93.11%
EPS 2 1.920 1.122 0.7083 2.751 2.885
Free Cash Flow - 8.311 393.6 250.9 449.4
FCF margin - 1.14% 49.87% 28.36% 42.9%
FCF Conversion (EBITDA) - 1.86% 81.88% 46.91% 66.5%
FCF Conversion (Net income) - 2.3% 169.99% 27.44% 46.08%
Dividend per Share 2 0.8246 0.9227 0.8503 1.176 1.411
Announcement Date 6/18/19 6/17/20 5/25/21 5/24/22 5/29/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: February 2019 2020 2021 2022 2023 2024
Net Debt 1 1,669 2,068 2,556 2,404 2,929 3,281
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.786 x 4.625 x 5.317 x 4.496 x 4.334 x 4.343 x
Free Cash Flow - 8.31 394 251 449 170
ROE (net income / shareholders' equity) - 10.6% 6.21% 23.9% 21.9% 14.9%
ROA (Net income/ Total Assets) - 4.76% 4.66% 4.68% 5.28% 5.36%
Assets 1 - 7,587 4,965 19,530 18,487 13,220
Book Value Per Share 2 11.30 11.10 10.90 12.80 14.10 -
Cash Flow per Share 2 0.2100 0.1500 0.1200 0.8700 0.1800 -
Capex 1 0.46 - - - - -
Capex / Sales 0.07% - - - - -
Announcement Date 6/18/19 6/17/20 5/25/21 5/24/22 5/29/23 5/27/24
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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