Aankondiging • May 13
Balwin Properties Limited, Annual General Meeting, Aug 20, 2026 Balwin Properties Limited, Annual General Meeting, Aug 20, 2026. Reported Earnings • May 12
Full year 2026 earnings released: EPS: R0.52 (vs R0.50 in FY 2025) Full year 2026 results: EPS: R0.52 (up from R0.50 in FY 2025). Revenue: R2.69b (up 21% from FY 2025). Net income: R245.3m (up 5.4% from FY 2025). Profit margin: 9.1% (down from 11% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Aankondiging • May 06
Balwin Properties Limited to Report Fiscal Year 2026 Results on May 11, 2026 Balwin Properties Limited announced that they will report fiscal year 2026 results on May 11, 2026 New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.3% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (R1.47b market cap, or US$87.5m). Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to R3.40, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 16x in the Consumer Durables industry globally. Total returns to shareholders of 16% over the past three years. Reported Earnings • Oct 31
First half 2026 earnings released: EPS: R0.21 (vs R0.16 in 1H 2025) First half 2026 results: EPS: R0.21 (up from R0.16 in 1H 2025). Revenue: R1.22b (up 44% from 1H 2025). Net income: R97.9m (up 28% from 1H 2025). Profit margin: 8.0% (down from 9.0% in 1H 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Aankondiging • Oct 21
Balwin Properties Limited to Report First Half, 2026 Results on Oct 28, 2025 Balwin Properties Limited announced that they will report first half, 2026 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to R2.54, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 6x in the Consumer Durables industry in Africa. Negligible returns to shareholders over past three years. Reported Earnings • May 13
Full year 2025 earnings released: EPS: R49.74 (vs R0.46 in FY 2024) Full year 2025 results: EPS: R49.74 (up from R0.46 in FY 2024). Revenue: R2.22b (down 5.7% from FY 2024). Net income: R232.7m (up 7.9% from FY 2024). Profit margin: 11% (up from 9.2% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 165% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Aankondiging • May 12
Balwin Properties Limited, Annual General Meeting, Aug 27, 2025 Balwin Properties Limited, Annual General Meeting, Aug 27, 2025. Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Keneilwe Moloko was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to R1.72, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Consumer Durables industry globally. Total loss to shareholders of 35% over the past three years. Aankondiging • Feb 28
Balwin Properties Limited to Report Fiscal Year 2025 Final Results on May 12, 2025 Balwin Properties Limited announced that they will report fiscal year 2025 final results on May 12, 2025 New Risk • Feb 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.2% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings have declined by 8.1% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (R968.0m market cap, or US$52.7m). New Risk • Dec 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.3% 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 Risks Debt is not well covered by operating cash flow (3.2% operating cash flow to total debt). Earnings have declined by 8.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (R1.10b market cap, or US$61.1m). Reported Earnings • Oct 30
First half 2025 earnings released: EPS: R0.16 (vs R0.38 in 1H 2024) First half 2025 results: EPS: R0.16 (down from R0.38 in 1H 2024). Revenue: R852.7m (down 28% from 1H 2024). Net income: R76.4m (down 57% from 1H 2024). Profit margin: 9.0% (down from 15% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Aankondiging • Oct 03
Balwin Properties Limited to Report First Half, 2025 Results on Oct 28, 2024 Balwin Properties Limited announced that they will report first half, 2025 results on Oct 28, 2024 Recent Insider Transactions • Jul 23
Insider recently sold R837k worth of stock On the 15th of July, Ulrich Gschnaidtner sold around 462k shares on-market at roughly R1.81 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R1.3m more than they bought in the last 12 months. Aankondiging • May 22
Balwin Properties Limited, Annual General Meeting, Aug 21, 2024 Balwin Properties Limited, Annual General Meeting, Aug 21, 2024. Reported Earnings • May 21
Full year 2024 earnings released: EPS: R0.46 (vs R0.94 in FY 2023) Full year 2024 results: EPS: R0.46 (down from R0.94 in FY 2023). Revenue: R2.36b (down 29% from FY 2023). Net income: R215.7m (down 51% from FY 2023). Profit margin: 9.2% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to R2.22, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 17x in the Consumer Durables industry globally. Total loss to shareholders of 39% over the past three years. New Risk • May 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (R935.4m market cap, or US$51.2m). New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2023. 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Market cap is less than US$100m (R809.2m market cap, or US$42.5m). Aankondiging • Mar 28
Balwin Properties Limited to Report Fiscal Year 2024 Results on May 20, 2024 Balwin Properties Limited announced that they will report fiscal year 2024 results on May 20, 2024 Aankondiging • Feb 06
Balwin Properties Limited Announces the Resignation of Ulrich Gschnaidtner as Chief Projects Officer Balwin Properties Limited announced that Mr. Ulrich Gschnaidtner has resigned as the Chief Projects Officer of Balwin to pursue a new opportunity in Australia. Mr. Gschnaidtner will continue in his role until 30 August 2024. Mr. Gschnaidtner joined Balwin in 1997 to head up project operations and has been a pivotal member in growing the business over the past 27 years. Aankondiging • Oct 20
Balwin Properties Limited to Report Q2, 2024 Results on Oct 26, 2023 Balwin Properties Limited announced that they will report Q2, 2024 results on Oct 26, 2023 Aankondiging • Oct 19
Balwin Properties Limited Announces Board Appointments The board of directors of the company advised shareholders that Mr. Oluwatomisun Amosun, independent non-executive director, has been appointed as a member of the Treasury Committee, with effect from 18 October 2023. The Board trusts that Mr. Amosun will add great value in the role as a member of the Treasury Committee and looks forward to his contribution in this regard. Aankondiging • Aug 25
Balwin Properties Limited Announces Resignation of Ronen Zekry as Independent Non- Executive Director Balwin Properties Limited announced that, after serving 8 years on the Board, Mr. Ronen Zekry has resigned as an independent non-executive director of the board of directors with effect from 24 August 2023 to focus on existing business opportunities in his personal capacity. Upcoming Dividend • Jun 14
Upcoming dividend of R0.14 per share at 8.8% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 26% and the cash payout ratio is 83%. Trailing yield: 8.8%. Lower than top quartile of South African dividend payers (9.5%). Higher than average of industry peers (2.6%). Reported Earnings • May 22
Full year 2023 earnings released: EPS: R0.94 (vs R0.77 in FY 2022) Full year 2023 results: EPS: R0.94 (up from R0.77 in FY 2022). Revenue: R3.33b (up 6.5% from FY 2022). Net income: R436.3m (up 20% from FY 2022). Profit margin: 13% (up from 12% 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 7% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to R2.51, the stock trades at a trailing P/E ratio of 2.8x. Average forward P/E is 12x in the Consumer Durables industry in Africa. Total returns to shareholders of 10% over the past three years. Upcoming Dividend • Nov 30
Upcoming dividend of R0.099 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 7.8%. Lower than top quartile of South African dividend payers (8.6%). Higher than average of industry peers (3.1%). Aankondiging • Aug 25
Balwin Properties Limited to Report First Half, 2023 Results on Oct 31, 2022 Balwin Properties Limited announced that they will report first half, 2023 results on Oct 31, 2022 Upcoming Dividend • Jun 07
Upcoming dividend of R0.14 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 20 June 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of South African dividend payers (8.4%). Higher than average of industry peers (2.8%). Reported Earnings • May 16
Full year 2022 earnings released: EPS: R0.77 (vs R0.72 in FY 2021) Full year 2022 results: EPS: R0.77 (up from R0.72 in FY 2021). Revenue: R3.13b (up 16% from FY 2021). Net income: R362.6m (up 7.9% from FY 2021). Profit margin: 12% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Aankondiging • May 16
Balwin Properties Limited, Annual General Meeting, Aug 19, 2022 Balwin Properties Limited, Annual General Meeting, Aug 19, 2022, at 10:00 South Africa Standard Time. Upcoming Dividend • Dec 01
Upcoming dividend of R0.074 per share Eligible shareholders must have bought the stock before 08 December 2021. Payment date: 13 December 2021. Trailing yield: 4.5%. Lower than top quartile of South African dividend payers (7.6%). Lower than average of industry peers (6.3%). Reported Earnings • Oct 22
First half 2022 earnings released: EPS R0.25 (vs R0.17 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: R1.31b (up 41% from 1H 2021). Net income: R117.0m (up 44% from 1H 2021). Profit margin: 8.9% (up from 8.7% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Sep 11
Balwin Properties Limited Provides Consolidated Earnings Guidance for the Six Months Ended August 31, 2021 Balwin Properties Limited provided consolidated earnings guidance for the six months ended August 31, 2021. Consolidated earnings per share and headline earnings per share for the six-month period ended 31 August 2021 are expected to increase by between 40% and 45% compared to the prior corresponding period. This translates into an increase to between 24 and 25 cents per share (2020:17.33 cents). Board Change • Aug 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Independent Non-Executive Director Julian Scher was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 26
Independent Non-Executive Director Duncan Westcott has left the company On the 19th of August, Duncan Westcott's tenure as Independent Non-Executive Director ended after 1.9 years in the role. We don't have any record of a personal shareholding under Duncan's name. Duncan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 9.25 years. Upcoming Dividend • Jun 08
Upcoming dividend of R0.16 per share Eligible shareholders must have bought the stock before 15 June 2021. Payment date: 21 June 2021. Trailing yield: 7.6%. Lower than top quartile of South African dividend payers (7.8%). Higher than average of industry peers (5.9%). Reported Earnings • May 21
Full year 2021 earnings released: EPS R0.72 (vs R0.88 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: R2.70b (down 7.3% from FY 2020). Net income: R336.2m (down 18% from FY 2020). Profit margin: 12% (down from 14% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 01
Balwin Properties Limited Provides Financial Guidance for the Year Ended 28 February 2021 Balwin Properties Limited provided financial guidance for the year ended 28 February 2021. Consolidated earnings per share and headline earnings per share for the year ended 28 February 2021 are expected to decrease by between 18% and 23% over the prior corresponding period, translating into a decrease from the prior financial year's 88 cents (HEPS: 88 cents) to a range of between 68 and 72 cents per share. Is New 90 Day High Low • Feb 01
New 90-day high: R4.98 The company is up 18% from its price of R4.21 on 03 November 2020. The South African market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 47% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: R4.44 The company is up 44% from its price of R3.08 on 01 October 2020. The South African market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 33% over the same period. Upcoming Dividend • Dec 02
Upcoming Dividend of R0.20 Per Share Will be paid on the 14th of December to those who are registered shareholders by the 9th of December. The trailing yield of 6.3% is below the top quartile of South African dividend payers (9.7%), but is in line with industry peers (6.0%). Aankondiging • Sep 11
Balwin Properties Limited to Report First Half, 2021 Results on Oct 12, 2020 Balwin Properties Limited announced that they will report first half, 2021 results on Oct 12, 2020 Aankondiging • Aug 19
Balwin Properties Limited Provides Earnings Guidance for the Six Months Ending August 31, 2020 Balwin Properties Limited provided earnings guidance for the six months ending August 31, 2020. For the period, the company expects headline earnings per share and earnings per share to be at least 20% lower than the respective HEPS and EPS reported in the prior corresponding six-month period. The decrease in earnings is largely attributable to the effects of COVID-19 and the national economic lockdown from 26 March 2020 to 30 May 2020.