THE FOSCHINI GROUP LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 96.19 ZAR | +3.13% |
|
+3.54% | -13.31% |
| Mar. 28 | The Foschini Group Limited Announces CFO Changes | CI |
| Mar. 28 | The Foschini Group Limited Appoints Ralph Buddle as Executive Director, Effective 1 April 2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 37,698 | 15,672 | 40,021 | 47,666 | 29,313 | 31,013 | - | - |
| Enterprise Value (EV) 1 | 45,801 | 32,631 | 49,523 | 57,519 | 29,313 | 48,647 | 46,083 | 45,636 |
| P/E ratio | 14.4 x | 6.44 x | -20 x | 16.5 x | 9.78 x | 10.7 x | 9.28 x | 7.81 x |
| Yield | 4.79% | 4.95% | - | 3.39% | - | 3.74% | 4.37% | 5.6% |
| Capitalization / Revenue | 1.02 x | 0.44 x | 1.21 x | 1.1 x | 0.57 x | 0.56 x | 0.53 x | 0.49 x |
| EV / Revenue | 1.23 x | 0.92 x | 1.5 x | 1.33 x | 0.57 x | 0.87 x | 0.78 x | 0.73 x |
| EV / EBITDA | 8.86 x | 5.6 x | 7.6 x | 6.26 x | 2.81 x | 4.27 x | 3.75 x | 3.38 x |
| EV / FCF | 22.3 x | 14.2 x | 6.55 x | 26.1 x | - | 18.8 x | 16.8 x | 15.7 x |
| FCF Yield | 4.48% | 7.05% | 15.3% | 3.82% | - | 5.33% | 5.96% | 6.37% |
| Price to Book | 2.64 x | 0.98 x | 2.31 x | 2.5 x | - | 1.18 x | 1.07 x | 0.97 x |
| Nbr of stocks (in thousands) | 231,277 | 231,600 | 325,932 | 323,424 | 322,300 | 322,414 | - | - |
| Reference price 2 | 163.0 | 67.67 | 122.8 | 147.4 | 90.95 | 96.19 | 96.19 | 96.19 |
| Announcement Date | 5/23/19 | 6/18/20 | 6/10/21 | 6/10/22 | 6/9/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 37,128 | 35,323 | 32,950 | 43,370 | 51,778 | 55,792 | 58,939 | 62,776 |
| EBITDA 1 | 5,172 | 5,826 | 6,515 | 9,186 | 10,443 | 11,401 | 12,282 | 13,485 |
| EBIT 1 | 4,328 | 4,700 | 1,547 | 4,872 | 5,417 | 5,703 | 6,273 | 7,116 |
| Operating Margin | 11.66% | 13.31% | 4.69% | 11.23% | 10.46% | 10.22% | 10.64% | 11.34% |
| Earnings before Tax (EBT) 1 | 3,578 | 3,349 | -1,713 | 4,029 | 4,043 | 3,782 | 4,420 | 5,266 |
| Net income 1 | 2,638 | 2,444 | -1,862 | 2,910 | 3,026 | 2,691 | 3,184 | 3,840 |
| Net margin | 7.11% | 6.92% | -5.65% | 6.71% | 5.84% | 4.82% | 5.4% | 6.12% |
| EPS 2 | 11.31 | 10.51 | -6.140 | 8.946 | 9.302 | 8.962 | 10.37 | 12.32 |
| Free Cash Flow 1 | 2,054 | 2,300 | 7,555 | 2,200 | - | 2,593 | 2,745 | 2,907 |
| FCF margin | 5.53% | 6.51% | 22.93% | 5.07% | - | 4.65% | 4.66% | 4.63% |
| FCF Conversion (EBITDA) | 39.71% | 39.48% | 115.97% | 23.95% | - | 22.74% | 22.35% | 21.56% |
| FCF Conversion (Net income) | 77.85% | 94.12% | - | 75.61% | - | 96.36% | 86.22% | 75.7% |
| Dividend per Share 2 | 7.800 | 3.350 | - | 5.000 | - | 3.594 | 4.201 | 5.388 |
| Announcement Date | 5/23/19 | 6/18/20 | 6/10/21 | 6/10/22 | 6/9/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2023 S1 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,955 | 18,368 | 12,530 | 20,420 | 19,022 | 23,494 | - | 28,643 |
| EBITDA | - | - | 1,155 | - | - | - | - | - |
| EBIT | - | - | 279.8 | 1,267 | - | 2,619 | - | - |
| Operating Margin | - | - | 2.23% | 6.2% | - | 11.15% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | -2,102 | - | - | 1,742 | 1,999 |
| Net income 1 | - | - | - | -2,278 | - | - | 1,252 | 1,462 |
| Net margin | - | - | - | -11.16% | - | - | - | 5.1% |
| EPS | - | 5.200 | - | -7.755 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | 1.700 | - | - |
| Announcement Date | 11/7/19 | 6/18/20 | 11/5/20 | 6/10/21 | 11/11/21 | 11/11/22 | 11/10/23 | - |
1ZAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,102 | 16,958 | 9,501 | 9,853 | - | 17,634 | 15,070 | 14,623 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.567 x | 2.911 x | 1.458 x | 1.073 x | - | 1.547 x | 1.227 x | 1.084 x |
| Free Cash Flow 1 | 2,054 | 2,300 | 7,555 | 2,200 | - | 2,593 | 2,745 | 2,907 |
| ROE (net income / shareholders' equity) | 19.2% | 18.1% | 3.62% | 18.2% | - | 12.8% | 13.7% | 14.5% |
| ROA (Net income/ Total Assets) | 9.13% | 6.12% | 1.47% | 7.99% | - | 8.67% | 5.85% | 6.4% |
| Assets 1 | 28,900 | 39,900 | -126,318 | 36,407 | - | 31,050 | 54,419 | 60,001 |
| Book Value Per Share 2 | 61.90 | 68.80 | 53.20 | 58.80 | - | 81.60 | 89.70 | 99.00 |
| Cash Flow per Share 2 | 12.80 | 17.10 | 27.00 | 18.00 | - | 15.60 | 13.70 | 15.00 |
| Capex 1 | 942 | 1,100 | 629 | 1,574 | - | 2,180 | 2,124 | 2,136 |
| Capex / Sales | 2.54% | 3.11% | 1.91% | 3.63% | - | 3.91% | 3.6% | 3.4% |
| Announcement Date | 5/23/19 | 6/18/20 | 6/10/21 | 6/10/22 | 6/9/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
96.19
ZAR
Average target price
126.4
ZAR
Spread / Average Target
+31.36%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -13.31% | 1.65B | |
| +14.99% | 151B | |
| +18.29% | 80.65B | |
| -3.45% | 44.8B | |
| -15.30% | 44.23B | |
| +1.89% | 26.43B | |
| +12.34% | 13.71B | |
| -5.29% | 11.76B | |
| +8.80% | 9.19B | |
| +2.10% | 7.97B |
- Stock Market
- Equities
- TFG Stock
- Financials The Foschini Group Limited
