Financials Rebosis Property Fund Limited

Equities

REB

ZAE000201687

Commercial REITs

End-of-day quote Johannesburg S.E. 06:00:00 2022-08-25 pm EDT 5-day change 1st Jan Change
0.16 ZAR -.--% Intraday chart for Rebosis Property Fund Limited -.--% -.--%

Valuation

Fiscal Period: August 2016 2017 2018 2019 2020 2021
Capitalization 1 5,705 8,551 6,582 1,101 386.3 221.7
Enterprise Value (EV) 1 14,844 18,323 17,245 11,192 10,015 9,633
P/E ratio 3.26 x 2.7 x -5.79 x -0.06 x 3.14 x -0.65 x
Yield 11.1% 11.8% 12.6% - - -
Capitalization / Revenue 3.11 x 4.54 x 2.91 x 0.6 x 0.23 x 0.13 x
EV / Revenue 8.09 x 9.73 x 7.63 x 6.08 x 5.87 x 5.78 x
EV / EBITDA 11.6 x 13.4 x 10.8 x 10.2 x 11 x 13.7 x
EV / FCF -18 x 13.6 x -19.8 x -100 x 16.5 x -2.08 x
FCF Yield -5.55% 7.37% -5.04% -1% 6.05% -48.2%
Price to Book 0.74 x 0.65 x 0.54 x 0.05 x 0.1 x 0.06 x
Nbr of stocks (in thousands) 530,178 705,582 760,111 760,111 760,111 760,111
Reference price 2 10.76 10.90 7.380 0.3400 0.4500 0.2500
Announcement Date 3/1/17 2/28/18 12/20/18 12/30/19 12/31/20 1/7/22
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2016 2017 2018 2019 2020 2021
Net sales 1 1,835 1,884 2,261 1,842 1,705 1,667
EBITDA 1 1,278 1,368 1,597 1,098 913.7 704.4
EBIT 1 1,277 1,366 1,595 1,095 908.4 701.3
Operating Margin 69.6% 72.51% 70.53% 59.42% 53.29% 42.08%
Earnings before Tax (EBT) 1 1,873 1,986 -924 -4,204 184.3 -246.6
Net income 1 1,707 2,522 -924 -4,242 109 -291.4
Net margin 93.01% 133.86% -40.86% -230.28% 6.39% -17.48%
EPS 2 3.297 4.030 -1.274 -5.581 0.1434 -0.3833
Free Cash Flow 1 -823.8 1,351 -869.6 -111.5 605.4 -4,640
FCF margin -44.89% 71.71% -38.45% -6.06% 35.51% -278.43%
FCF Conversion (EBITDA) - 98.74% - - 66.25% -
FCF Conversion (Net income) - 53.57% - - 555.54% -
Dividend per Share 2 1.195 1.284 0.9283 - - -
Announcement Date 3/1/17 2/28/18 12/20/18 12/30/19 12/31/20 1/7/22
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: August 2016 2017 2018 2019 2020 2021
Net Debt 1 9,139 9,772 10,663 10,091 9,628 9,411
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 7.154 x 7.143 x 6.675 x 9.19 x 10.54 x 13.36 x
Free Cash Flow 1 -824 1,351 -870 -112 605 -4,640
ROE (net income / shareholders' equity) 21.7% 18.6% -8.28% -52.8% 3.18% -8.74%
ROA (Net income/ Total Assets) 4.65% 4.09% 4.49% 3.61% 4.11% 3.22%
Assets 1 36,719 61,662 -20,592 -117,586 2,652 -9,054
Book Value Per Share 2 14.50 16.80 13.80 7.540 4.580 4.190
Cash Flow per Share 2 0.4300 0.1500 0.2400 0.0900 0.0800 0.1700
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 3/1/17 2/28/18 12/20/18 12/30/19 12/31/20 1/7/22
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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