Financials Oasis Crescent Property Fund

Equities

OAS

ZAE000074332

Commercial REITs

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20.75 ZAR 0.00% Intraday chart for Oasis Crescent Property Fund 0.00% +6.41%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 1,286 1,370 1,413 1,292 1,252 1,383
Enterprise Value (EV) 1 1,134 1,201 1,261 1,020 1,055 1,173
P/E ratio 8.3 x 28.1 x 13.8 x 6.54 x 98.6 x 5 x
Yield 5.33% 4.75% 4.13% 4.27% 5.16% -
Capitalization / Revenue 11.3 x 11.9 x 13.1 x 12.6 x 11.4 x 11 x
EV / Revenue 9.95 x 10.5 x 11.7 x 9.97 x 9.6 x 9.37 x
EV / EBITDA 16.4 x 18.5 x 21.5 x 17.8 x 15.7 x 16.6 x
EV / FCF 23 x 43.1 x 31.7 x 8.99 x -53.7 x 24 x
FCF Yield 4.35% 2.32% 3.15% 11.1% -1.86% 4.16%
Price to Book 0.96 x 0.98 x 0.96 x 0.8 x 0.79 x 0.77 x
Nbr of stocks (in thousands) 61,219 64,463 65,733 66,265 65,879 66,627
Reference price 2 21.00 21.25 21.50 19.50 19.00 20.75
Announcement Date 6/10/19 6/29/20 4/29/21 4/28/22 4/25/23 4/26/24
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 114 114.7 107.8 102.3 109.9 125.1
EBITDA 1 69.04 64.81 58.69 57.28 67.06 70.74
EBIT 1 68.86 64.76 58.65 57.23 67.01 70.67
Operating Margin 60.4% 56.44% 54.42% 55.92% 60.99% 56.47%
Earnings before Tax (EBT) 1 155.2 48.17 101.9 198.1 12.76 277.1
Net income 1 155.2 48.17 101.9 198.1 12.76 277.1
Net margin 136.14% 41.98% 94.55% 193.59% 11.62% 221.44%
EPS 2 2.529 0.7565 1.562 2.981 0.1927 4.153
Free Cash Flow 1 49.32 27.89 39.73 113.4 -19.65 48.82
FCF margin 43.26% 24.31% 36.87% 110.85% -17.89% 39.02%
FCF Conversion (EBITDA) 71.44% 43.03% 67.7% 198.05% - 69.02%
FCF Conversion (Net income) 31.78% 57.9% 38.99% 57.26% - 17.62%
Dividend per Share 2 1.119 1.010 0.8880 0.8330 0.9810 -
Announcement Date 6/10/19 6/29/20 4/29/21 4/28/22 4/25/23 4/26/24
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 - - - - - -
Net Cash position 1 152 169 152 272 197 210
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 49.3 27.9 39.7 113 -19.7 48.8
ROE (net income / shareholders' equity) 11.9% 3.47% 7.1% 12.8% 0.8% 16.4%
ROA (Net income/ Total Assets) 3.18% 2.81% 2.47% 2.19% 2.46% 2.51%
Assets 1 4,885 1,712 4,121 9,066 518.5 11,052
Book Value Per Share 2 22.00 21.70 22.40 24.40 23.90 27.00
Cash Flow per Share 2 0.0900 0.0500 0.0600 1.590 0.0900 0.0900
Capex - 0.13 0.03 0 0.05 -
Capex / Sales - 0.12% 0.03% 0% 0.04% -
Announcement Date 6/10/19 6/29/20 4/29/21 4/28/22 4/25/23 4/26/24
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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