View Financial HealthCAFCA 배당 및 자사주 매입배당 기준 점검 4/6CAFCA 수익으로 충분히 충당되는 현재 수익률 5.67% 보유한 배당금 지급 회사입니다.핵심 정보5.7%배당 수익률0.6%자사주 매입 수익률총 주주 수익률6.3%미래 배당 수익률n/a배당 성장률15.0%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향31%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Jan 01Upcoming dividend of US$0.049 per shareEligible shareholders must have bought the stock before 08 January 2025. Payment date: 24 January 2025. Trailing yield: 39%. Within top quartile of dividend payers (7.5%). Higher than average of industry peers (0.9%).Upcoming Dividend • Nov 22Upcoming dividend of US$0.079 per shareEligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 102%. Within top quartile of dividend payers (8.3%). Higher than average of industry peers (1.7%).Upcoming Dividend • Nov 30Upcoming dividend of Z$23.00 per shareEligible shareholders must have bought the stock before 07 December 2022. Payment date: 20 December 2022. Trailing yield: 97%. Within top quartile of dividend payers (8.8%). Higher than average of industry peers (4.4%).모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • Jun 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to 16.15, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 14x in the Electrical industry in Africa. Total returns to shareholders of 2,560% over the past three years.New Risk • May 22New major risk - Revenue and earnings growthEarnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (1.58m market cap, or US$12.3m).Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Jan 21CAFCA Limited, Annual General Meeting, Feb 19, 2026CAFCA Limited, Annual General Meeting, Feb 19, 2026, at 12:00 South Africa Standard Time. Location: cafca ltd, 54 lytton road, workington harare, ZimbabweBoard Change • Dec 19No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • Oct 10No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • Sep 12No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.공고 • Jan 22CAFCA Limited, Annual General Meeting, Feb 20, 2025CAFCA Limited, Annual General Meeting, Feb 20, 2025, at 12:00 South Africa Standard Time. Location: cafca ltd, 54 lytton road, workington harare, harare ZimbabweUpcoming Dividend • Jan 01Upcoming dividend of US$0.049 per shareEligible shareholders must have bought the stock before 08 January 2025. Payment date: 24 January 2025. Trailing yield: 39%. Within top quartile of dividend payers (7.5%). Higher than average of industry peers (0.9%).Board Change • Dec 31No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.New Risk • Nov 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (Z$2.26b market cap, or US$7.01m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Board Change • May 01No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Non-Executive Director Simba Mangwengwende was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Jan 15Full year 2023 earnings released: EPS: Z$1,520 (vs Z$232 in FY 2022)Full year 2023 results: EPS: Z$1,520 (up from Z$232 in FY 2022). Revenue: Z$164.0b (up 119% from FY 2022). Net income: Z$51.3b (up Z$43.5b from FY 2022). Profit margin: 31% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has increased by 273% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Nov 22Upcoming dividend of US$0.079 per shareEligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 102%. Within top quartile of dividend payers (8.3%). Higher than average of industry peers (1.7%).New Risk • Nov 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 135% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (135% accrual ratio). Market cap is less than US$10m (Z$767.3m market cap, or US$2.38m). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 14x cash flows per share).Reported Earnings • Nov 19Full year 2023 earnings released: EPS: Z$1,520 (vs Z$66.08 in FY 2022)Full year 2023 results: EPS: Z$1,520 (up from Z$66.08 in FY 2022). Revenue: Z$164.0b (up Z$142.7b from FY 2022). Net income: Z$51.3b (up Z$49.1b from FY 2022). Profit margin: 31% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 144% per year but the company’s share price has increased by 230% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jun 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Zimbabwean stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (Z$749.7m market cap, or US$2.32m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (12% average weekly change).Reported Earnings • Dec 23Full year 2022 earnings released: EPS: Z$66.08 (vs Z$7.85 loss in FY 2021)Full year 2022 results: EPS: Z$66.08 (up from Z$7.85 loss in FY 2021). Revenue: Z$21.3b (up 440% from FY 2021). Net income: Z$2.22b (up Z$2.48b from FY 2021). Profit margin: 10% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 383% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Nov 30Upcoming dividend of Z$23.00 per shareEligible shareholders must have bought the stock before 07 December 2022. Payment date: 20 December 2022. Trailing yield: 97%. Within top quartile of dividend payers (8.8%). Higher than average of industry peers (4.4%).Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Non-Executive Director Gideon Johannes Steyn was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Oct 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to Z$200, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 8x in the Electrical industry in Africa. Total returns to shareholders of 12,400% over the past three years.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to Z$200, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 7x in the Electrical industry in Africa. Total returns to shareholders of 15,167% over the past three years.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Non-Executive Director Gideon Johannes Steyn was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Nov 26Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: Z$7.85 loss per share (down from Z$21.25 profit in FY 2020). Revenue: Z$3.95b (up 60% from FY 2020). Net loss: Z$262.2m (down 137% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 448% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 20% share price gain to Z$150, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 10x in the Electrical industry in Africa. Total returns to shareholders of 26,575% over the past three years.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to Z$125, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 10x in the Electrical industry in Africa. Total returns to shareholders of 22,129% over the past three years.Is New 90 Day High Low • Feb 11New 90-day high: Z$96.00The company is up 57% from its price of Z$61.00 on 13 November 2020. The Zimbabwean market is up 216% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electrical industry, which is up 20% over the same period.Is New 90 Day High Low • Jan 12New 90-day high: Z$90.00The company is up 48% from its price of Z$61.00 on 14 October 2020. The Zimbabwean market is up 35% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 27% over the same period.Is New 90 Day High Low • Dec 18New 90-day high: Z$85.00The company is up 39% from its price of Z$61.00 on 18 September 2020. The Zimbabwean market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 22% over the same period.Is New 90 Day High Low • Dec 01New 90-day high: Z$73.25The company is up 20% from its price of Z$61.00 on 02 September 2020. The Zimbabwean market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electrical industry, which is also up 20% over the same period.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: CAFCA 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: CAFCA 8 년 동안만 배당금을 지급해 왔으며 그 이후 지급액이 감소했습니다.배당 수익률 vs 시장CAFCA 배당 수익률 vs 시장CAFCA의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (CAFCA)5.7%시장 하위 25% (ZW)0%시장 상위 25% (ZW)0%업계 평균 (Electrical)0%분석가 예측 (CAFCA) (최대 3년)n/a주목할만한 배당금: CAFCA 의 배당금( 5.67% )은 ZW 시장에서 배당금 지급자의 하위 25%( 0.011% )보다 높습니다.고배당: CAFCA 의 배당금( 5.67% )은 ZW 시장( 0.051% )주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 30.6% )로 CAFCA 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 합리적인 현금 지급 비율 ( 57.9% )로 CAFCA 의 배당금 지급은 현금 흐름으로 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YZW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/21 14:39종가2026/08/21 00:00수익2026/03/31연간 수익2025/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스CAFCA Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Upcoming Dividend • Jan 01Upcoming dividend of US$0.049 per shareEligible shareholders must have bought the stock before 08 January 2025. Payment date: 24 January 2025. Trailing yield: 39%. Within top quartile of dividend payers (7.5%). Higher than average of industry peers (0.9%).
Upcoming Dividend • Nov 22Upcoming dividend of US$0.079 per shareEligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 102%. Within top quartile of dividend payers (8.3%). Higher than average of industry peers (1.7%).
Upcoming Dividend • Nov 30Upcoming dividend of Z$23.00 per shareEligible shareholders must have bought the stock before 07 December 2022. Payment date: 20 December 2022. Trailing yield: 97%. Within top quartile of dividend payers (8.8%). Higher than average of industry peers (4.4%).
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to 16.15, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 14x in the Electrical industry in Africa. Total returns to shareholders of 2,560% over the past three years.
New Risk • May 22New major risk - Revenue and earnings growthEarnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (1.58m market cap, or US$12.3m).
Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Jan 21CAFCA Limited, Annual General Meeting, Feb 19, 2026CAFCA Limited, Annual General Meeting, Feb 19, 2026, at 12:00 South Africa Standard Time. Location: cafca ltd, 54 lytton road, workington harare, Zimbabwe
Board Change • Dec 19No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • Oct 10No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • Sep 12No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
공고 • Jan 22CAFCA Limited, Annual General Meeting, Feb 20, 2025CAFCA Limited, Annual General Meeting, Feb 20, 2025, at 12:00 South Africa Standard Time. Location: cafca ltd, 54 lytton road, workington harare, harare Zimbabwe
Upcoming Dividend • Jan 01Upcoming dividend of US$0.049 per shareEligible shareholders must have bought the stock before 08 January 2025. Payment date: 24 January 2025. Trailing yield: 39%. Within top quartile of dividend payers (7.5%). Higher than average of industry peers (0.9%).
Board Change • Dec 31No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
New Risk • Nov 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (Z$2.26b market cap, or US$7.01m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Board Change • May 01No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). Non-Executive Director Simba Mangwengwende was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Jan 15Full year 2023 earnings released: EPS: Z$1,520 (vs Z$232 in FY 2022)Full year 2023 results: EPS: Z$1,520 (up from Z$232 in FY 2022). Revenue: Z$164.0b (up 119% from FY 2022). Net income: Z$51.3b (up Z$43.5b from FY 2022). Profit margin: 31% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has increased by 273% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Nov 22Upcoming dividend of US$0.079 per shareEligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 102%. Within top quartile of dividend payers (8.3%). Higher than average of industry peers (1.7%).
New Risk • Nov 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 135% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (135% accrual ratio). Market cap is less than US$10m (Z$767.3m market cap, or US$2.38m). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 14x cash flows per share).
Reported Earnings • Nov 19Full year 2023 earnings released: EPS: Z$1,520 (vs Z$66.08 in FY 2022)Full year 2023 results: EPS: Z$1,520 (up from Z$66.08 in FY 2022). Revenue: Z$164.0b (up Z$142.7b from FY 2022). Net income: Z$51.3b (up Z$49.1b from FY 2022). Profit margin: 31% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 144% per year but the company’s share price has increased by 230% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jun 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Zimbabwean stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (Z$749.7m market cap, or US$2.32m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (12% average weekly change).
Reported Earnings • Dec 23Full year 2022 earnings released: EPS: Z$66.08 (vs Z$7.85 loss in FY 2021)Full year 2022 results: EPS: Z$66.08 (up from Z$7.85 loss in FY 2021). Revenue: Z$21.3b (up 440% from FY 2021). Net income: Z$2.22b (up Z$2.48b from FY 2021). Profit margin: 10% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 383% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Nov 30Upcoming dividend of Z$23.00 per shareEligible shareholders must have bought the stock before 07 December 2022. Payment date: 20 December 2022. Trailing yield: 97%. Within top quartile of dividend payers (8.8%). Higher than average of industry peers (4.4%).
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Non-Executive Director Gideon Johannes Steyn was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Oct 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to Z$200, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 8x in the Electrical industry in Africa. Total returns to shareholders of 12,400% over the past three years.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to Z$200, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 7x in the Electrical industry in Africa. Total returns to shareholders of 15,167% over the past three years.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Non-Executive Director Gideon Johannes Steyn was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 26Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: Z$7.85 loss per share (down from Z$21.25 profit in FY 2020). Revenue: Z$3.95b (up 60% from FY 2020). Net loss: Z$262.2m (down 137% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 448% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 20% share price gain to Z$150, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 10x in the Electrical industry in Africa. Total returns to shareholders of 26,575% over the past three years.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to Z$125, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 10x in the Electrical industry in Africa. Total returns to shareholders of 22,129% over the past three years.
Is New 90 Day High Low • Feb 11New 90-day high: Z$96.00The company is up 57% from its price of Z$61.00 on 13 November 2020. The Zimbabwean market is up 216% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electrical industry, which is up 20% over the same period.
Is New 90 Day High Low • Jan 12New 90-day high: Z$90.00The company is up 48% from its price of Z$61.00 on 14 October 2020. The Zimbabwean market is up 35% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 27% over the same period.
Is New 90 Day High Low • Dec 18New 90-day high: Z$85.00The company is up 39% from its price of Z$61.00 on 18 September 2020. The Zimbabwean market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 22% over the same period.
Is New 90 Day High Low • Dec 01New 90-day high: Z$73.25The company is up 20% from its price of Z$61.00 on 02 September 2020. The Zimbabwean market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electrical industry, which is also up 20% over the same period.