Financials Investec Group

Equities

INL

ZAE000081949

Diversified Investment Services

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
119 ZAR +0.84% Intraday chart for Investec Group +2.08% -5.22%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,208 1,437 2,030 4,617 3,849 4,580 - -
Enterprise Value (EV) 1 4,208 1,437 2,030 4,617 3,849 4,580 4,580 4,580
P/E ratio 8.78 x 1.34 x - - - 7.27 x 6.99 x 6.42 x
Yield 5.48% 7.15% 6.24% 5.06% - 7.09% 7.09% 7.68%
Capitalization / Revenue 1.69 x 0.8 x 1.24 x 2.32 x 1.69 x 2.09 x 2 x 1.91 x
EV / Revenue 1.69 x 0.8 x 1.24 x 2.32 x 1.69 x 2.09 x 2 x 1.91 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.03 x - - - - - - -
Nbr of stocks (in thousands) 951,887 942,321 935,443 913,590 856,353 896,090 - -
Reference price 2 4.468 1.539 2.124 5.078 4.482 5.076 5.076 5.076
Announcement Date 5/16/19 5/21/20 5/21/21 5/19/22 5/18/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,486 1,807 1,641 1,990 2,280 2,196 2,290 2,398
EBITDA - - - - - - - -
EBIT 1 654.4 514.4 - 716.2 917 949.8 993.8 1,031
Operating Margin 26.32% 28.47% - 35.98% 40.21% 43.26% 43.4% 43%
Earnings before Tax (EBT) 1 687.2 310.5 331.6 697.3 979.9 844.3 900.2 945.1
Net income 1 531.1 1,135 268.3 516.2 804.9 614.3 634.5 685.9
Net margin 21.36% 62.83% 16.35% 25.94% 35.29% 27.98% 27.71% 28.61%
EPS 2 0.5090 1.144 - - - 0.6980 0.7260 0.7900
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.2450 0.1100 0.1326 0.2570 - 0.3600 0.3600 0.3900
Announcement Date 5/16/19 5/21/20 5/21/21 5/19/22 5/18/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 - - 729 912.1 951.1 1,039 1,131 1,241 1,044 1,146 - - - -
EBITDA - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) 349.2 - 112.8 - - - - - - - - - - -
Net income 256.2 - 108.8 - - - - - - - - - - -
Net margin - - 14.92% - - - - - - - - - - -
EPS - - - - - - - - - - - - - -
Dividend per Share 2 0.1100 - - - - - - - - 0.2050 0.1500 0.2100 0.1600 0.2300
Announcement Date 11/21/19 5/21/20 11/19/20 5/21/21 11/18/21 5/19/22 11/17/22 5/18/23 11/16/23 - - - - -
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 11.3% 11% 6.6% 11.4% 13.7% 14.2% 13.7% 13.3%
ROA (Net income/ Total Assets) 0.92% - 0.53% 0.92% 1.39% 1.13% 1.15% 1.18%
Assets 1 57,612 - 51,044 56,109 58,092 54,171 55,054 58,004
Book Value Per Share 4.340 - - - - - - -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 5/16/19 5/21/20 5/21/21 5/19/22 5/18/23 - - -
1GBP 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
BUY
Number of Analysts
1
Last Close Price
5.076 GBP
Average target price
6.445 GBP
Spread / Average Target
+26.98%
Consensus

Quarterly revenue - Rate of surprise

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