Financials Frontier Transport Holdings Limited

Equities

FTH

ZAE000300505

Passenger Transportation, Ground & Sea

End-of-day quote Johannesburg S.E. 06:00:00 2024-05-16 pm EDT 5-day change 1st Jan Change
6.21 ZAR +6.52% Intraday chart for Frontier Transport Holdings Limited -3.57% -4.46%

Valuation

Fiscal Period: Maart 2019 2020 2021 2022 2023
Capitalization 1 1,102 928 1,012 1,450 1,482
Enterprise Value (EV) 1 1,089 980.3 902.4 1,100 988.1
P/E ratio 4.71 x 3.55 x 4.94 x 5.59 x 5.37 x
Yield 11.1% 14.1% 12.6% 10.4% 11.2%
Capitalization / Revenue 0.61 x 0.45 x 0.61 x 0.69 x 0.61 x
EV / Revenue 0.61 x 0.47 x 0.54 x 0.53 x 0.41 x
EV / EBITDA 2.64 x 2.01 x 2.34 x 2.46 x 2.18 x
EV / FCF 2.29 x 3.52 x 3.52 x 3.51 x 3.41 x
FCF Yield 43.7% 28.4% 28.4% 28.5% 29.3%
Price to Book 0.99 x 0.76 x 0.78 x 1.02 x 0.96 x
Nbr of stocks (in thousands) 290,000 290,000 290,000 290,000 290,596
Reference price 2 3.800 3.200 3.490 5.000 5.100
Announcement Date 7/29/19 5/30/20 7/28/21 7/26/22 7/26/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2018 2019 2020 2021 2022 2023
Net sales 1 1,813 1,794 2,067 1,657 2,092 2,413
EBITDA 1 454.1 412 488.6 385.3 447.7 453.1
EBIT 1 342 330.5 395.2 293.1 355.8 358.5
Operating Margin 18.87% 18.42% 19.12% 17.69% 17.01% 14.86%
Earnings before Tax (EBT) 1 332 345.3 380.3 276 353.2 384.8
Net income 1 235.9 233.9 261 204.8 261.2 277.5
Net margin 13.01% 13.04% 12.63% 12.36% 12.49% 11.5%
EPS 2 0.8136 0.8066 0.9001 0.7062 0.8952 0.9489
Free Cash Flow 1 -34.65 475.7 278.2 256.7 313 290
FCF margin -1.91% 26.51% 13.46% 15.49% 14.96% 12.02%
FCF Conversion (EBITDA) - 115.48% 56.94% 66.63% 69.92% 64%
FCF Conversion (Net income) - 203.39% 106.58% 125.34% 119.84% 104.5%
Dividend per Share - 0.4200 0.4500 0.4400 0.5200 0.5700
Announcement Date 7/24/18 7/29/19 5/30/20 7/28/21 7/26/22 7/26/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 142 - 52.3 - - -
Net Cash position 1 - 12.9 - 110 350 494
Leverage (Debt/EBITDA) 0.3129 x - 0.107 x - - -
Free Cash Flow 1 -34.6 476 278 257 313 290
ROE (net income / shareholders' equity) 22% 19.1% 22% 15.8% 19% 18.8%
ROA (Net income/ Total Assets) 10.6% 9.06% 10.8% 7.85% 9.61% 9.46%
Assets 1 2,236 2,582 2,422 2,608 2,718 2,933
Book Value Per Share 2 4.740 3.850 4.240 4.460 4.920 5.320
Cash Flow per Share 2 1.060 1.800 1.690 1.720 1.990 2.340
Capex 1 104 56.3 38.6 6.95 12.4 32.1
Capex / Sales 5.74% 3.14% 1.87% 0.42% 0.59% 1.33%
Announcement Date 7/24/18 7/29/19 5/30/20 7/28/21 7/26/22 7/26/23
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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