Financials Zeda Limited

Equities

ZZD

ZAE000315768

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
11.99 ZAR +1.10% Intraday chart for Zeda Limited -0.08% -5.96%

Valuation

Fiscal Period: Settembre 2023 2024 2025 2026
Capitalization 1 2,200 2,236 - -
Enterprise Value (EV) 1 2,200 7,758 8,463 9,211
P/E ratio 3 x 3.67 x 3.22 x 2.86 x
Yield - 7.59% 8.76% 7.8%
Capitalization / Revenue - 0.22 x 0.19 x 0.18 x
EV / Revenue - 0.75 x 0.74 x 0.75 x
EV / EBITDA - 2.14 x 2.13 x 2.13 x
EV / FCF - -21.6 x -44.5 x -82.2 x
FCF Yield - -4.63% -2.25% -1.22%
Price to Book - - - -
Nbr of stocks (in thousands) 189,642 186,476 - -
Reference price 2 11.60 11.99 11.99 11.99
Announcement Date 11/27/23 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Settembre 2022 2023 2024 2025 2026
Net sales 1 - - 10,361 11,503 12,346
EBITDA 1 - - 3,629 3,966 4,315
EBIT 1 - - 1,560 1,716 1,877
Operating Margin - - 15.05% 14.92% 15.2%
Earnings before Tax (EBT) 1 - - 864.2 983.6 1,104
Net income 1 561.4 731.9 622.4 708.1 794.6
Net margin - - 6.01% 6.16% 6.44%
EPS 2 2.960 3.872 3.270 3.725 4.185
Free Cash Flow 1 - - -359 -190 -112
FCF margin - - -3.47% -1.65% -0.91%
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 - - 0.9100 1.050 0.9350
Announcement Date 11/28/22 11/27/23 - - -
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: September 2022 2023 2024 2025 2026
Net Debt 1 - - 5,522 6,227 6,975
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) - - 1.522 x 1.57 x 1.616 x
Free Cash Flow 1 - - -359 -190 -112
ROE (net income / shareholders' equity) - - 22.2% 21.4% 20.6%
ROA (Net income/ Total Assets) - - 7.65% 7.9% 8.05%
Assets 1 - - 8,136 8,963 9,871
Book Value Per Share - - - - -
Cash Flow per Share - - - - -
Capex 1 - - 3,565 3,893 4,255
Capex / Sales - - 34.4% 33.84% 34.46%
Announcement Date 11/28/22 11/27/23 - - -
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
11.99 ZAR
Average target price
14.9 ZAR
Spread / Average Target
+24.27%
Consensus

Annual profits - Rate of surprise

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