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LETS

Letshego Holdings BSM:LETSHEGO Stock Report

Last Price

P1.29

Market Cap

P2.8b

7D

-0.8%

1Y

9.3%

Updated

01 Oct, 2022

Data

Company Financials
LETSHEGO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends4/6

LETSHEGO Stock Overview

Letshego Holdings Limited and its subsidiaries provide short to medium-term unsecured loans to employees of the public, quasipublic, and private sectors.

Letshego Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Letshego Holdings
Historical stock prices
Current Share PriceP1.29
52 Week HighP0
52 Week LowP0
Beta-0.079
1 Month Change-11.03%
3 Month Change-16.77%
1 Year Change9.32%
3 Year Change51.77%
5 Year Change-34.52%
Change since IPO-88.00%

Recent News & Updates

Shareholder Returns

LETSHEGOBW Consumer FinanceBW Market
7D-0.8%-1.8%0.2%
1Y9.3%-7.9%8.2%

Return vs Industry: LETSHEGO exceeded the BW Consumer Finance industry which returned -7.9% over the past year.

Return vs Market: LETSHEGO exceeded the BW Market which returned 8.2% over the past year.

Price Volatility

Is LETSHEGO's price volatile compared to industry and market?
LETSHEGO volatility
LETSHEGO Average Weekly Movement2.1%
Consumer Finance Industry Average Movement5.7%
Market Average Movement0.7%
10% most volatile stocks in BW Market2.9%
10% least volatile stocks in BW Market0.2%

Stable Share Price: LETSHEGO is more volatile than 75% of BW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: LETSHEGO's weekly volatility (2%) has been stable over the past year, but is still higher than 75% of BW stocks.

About the Company

FoundedEmployeesCEOWebsite
19981,507Aupa Monyatsihttps://www.letshego.com

Letshego Holdings Limited and its subsidiaries provide short to medium-term unsecured loans to employees of the public, quasipublic, and private sectors. It also offers loans to micro and small entrepreneurs; accepts deposits, including demand accounts, savings accounts, and call and term deposits; and provides insurance arrangements. The company operates in Botswana, Namibia, Mozambique, Lesotho, Eswatini, Kenya, Rwanda, Uganda, Tanzania, Nigeria, and Ghana.

Letshego Holdings Fundamentals Summary

How do Letshego Holdings's earnings and revenue compare to its market cap?
LETSHEGO fundamental statistics
Market CapP2.77b
Earnings (TTM)P602.82m
Revenue (TTM)P2.40b

4.6x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LETSHEGO income statement (TTM)
RevenueP2.40b
Cost of RevenueP7.25m
Gross ProfitP2.39b
Other ExpensesP1.79b
EarningsP602.82m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.28
Gross Margin99.70%
Net Profit Margin25.11%
Debt/Equity Ratio161.0%

How did LETSHEGO perform over the long term?

See historical performance and comparison

Dividends

17.7%

Current Dividend Yield

55%

Payout Ratio

Does LETSHEGO pay a reliable dividends?

See LETSHEGO dividend history and benchmarks
When do you need to buy LETSHEGO by to receive an upcoming dividend?
Letshego Holdings dividend dates
Ex Dividend DateNov 16 2022
Dividend Pay DateNov 30 2022
Days until Ex dividend45 days
Days until Dividend pay date59 days

Does LETSHEGO pay a reliable dividends?

See LETSHEGO dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is LETSHEGO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LETSHEGO?

Other financial metrics that can be useful for relative valuation.

LETSHEGO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does LETSHEGO's PE Ratio compare to its peers?

LETSHEGO PE Ratio vs Peers
The above table shows the PE ratio for LETSHEGO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28x
IDLC IDLC Finance
10.6xn/a৳21.2b
KCC Knight Club Capital Asset Management
67.2x32.5%฿5.5b
SUS S&U
6.3x1.8%UK£244.2m
IMJS Indomobil Multi Jasa
27.8xn/aRp2.3t
LETSHEGO Letshego Holdings
4.6xn/aP2.8b

Price-To-Earnings vs Peers: LETSHEGO is good value based on its Price-To-Earnings Ratio (4.6x) compared to the peer average (28x).


Price to Earnings Ratio vs Industry

How does LETSHEGO's PE Ratio compare vs other companies in the Global Consumer Finance Industry?

Price-To-Earnings vs Industry: LETSHEGO is good value based on its Price-To-Earnings Ratio (4.6x) compared to the Global Consumer Finance industry average (11.4x)


Price to Earnings Ratio vs Fair Ratio

What is LETSHEGO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LETSHEGO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LETSHEGO's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of LETSHEGO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LETSHEGO (BWP1.29) is trading below our estimate of fair value (BWP1.5)

Significantly Below Fair Value: LETSHEGO is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Letshego Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.7%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Letshego Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Letshego Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Letshego Holdings performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LETSHEGO has high quality earnings.

Growing Profit Margin: LETSHEGO's current net profit margins (25.1%) are higher than last year (24.1%).


Past Earnings Growth Analysis

Earnings Trend: LETSHEGO's earnings have grown by 2.8% per year over the past 5 years.

Accelerating Growth: LETSHEGO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LETSHEGO had negative earnings growth (-4.9%) over the past year, making it difficult to compare to the Consumer Finance industry average (-4.9%).


Return on Equity

High ROE: LETSHEGO's Return on Equity (11.9%) is considered low.


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Financial Health

How is Letshego Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LETSHEGO's short term assets (BWP15.3B) exceed its short term liabilities (BWP2.8B).

Long Term Liabilities: LETSHEGO's short term assets (BWP15.3B) exceed its long term liabilities (BWP8.5B).


Debt to Equity History and Analysis

Debt Level: LETSHEGO's net debt to equity ratio (117.2%) is considered high.

Reducing Debt: LETSHEGO's debt to equity ratio has increased from 93.6% to 161% over the past 5 years.

Debt Coverage: LETSHEGO's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if LETSHEGO's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Letshego Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


17.67%

Current Dividend Yield

Upcoming Dividend Payment

TodayOct 01 2022Ex Dividend DateNov 16 2022Dividend Pay DateNov 30 202214 days from Ex DividendBuy in the next 45 days to receive the upcoming dividend

Dividend Yield vs Market

Letshego Holdings Dividend Yield vs Market
How does Letshego Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Letshego Holdings)17.7%
Market Bottom 25% (BW)6.0%
Market Top 25% (BW)9.5%
Industry Average (Consumer Finance)4.7%
Analyst forecast in 3 Years (Letshego Holdings)n/a

Notable Dividend: LETSHEGO's dividend (17.67%) is higher than the bottom 25% of dividend payers in the BW market (5.97%).

High Dividend: LETSHEGO's dividend (17.67%) is in the top 25% of dividend payers in the BW market (9.52%)


Stability and Growth of Payments

Stable Dividend: LETSHEGO's dividend payments have been volatile in the past 10 years.

Growing Dividend: LETSHEGO's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (55%), LETSHEGO's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: LETSHEGO is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Aupa Monyatsi (43 yo)

0.33yr

Tenure

Mr. Aobakwe Monyatsi, also known as Aupa, serves as Chief Executive Officer and Executive Director of Letshego Holdings Ltd. since June 2022 and also served as Acting Chief Executive Officer since May 4, 2...


Leadership Team

Experienced Management: LETSHEGO's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

Experienced Board: LETSHEGO's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of LETSHEGO?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders63,053,0002.9%
Private Companies107,522,0005.0%
VC/PE Firms180,484,0008.4%
General Public434,592,67420.2%
Public Companies597,236,00027.8%
Institutions766,226,38235.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 15 shareholders own 79.78% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
27.79%
Sanlam Limited
597,236,000BWP770.4m0%no data
25.69%
Botswana Public Officers Pension Fund
552,137,000BWP712.3m0%9.49%
8.4%
Development Partners International LLP
180,484,000BWP232.8m0%33.34%
3.56%
Botswana Insurance Fund Management Limited
76,564,000BWP98.8m0%4.4%
2.93%
Hitesh Anadkat
63,053,000BWP81.3m0%no data
2.61%
Citi Kuwait Investment Authority
56,183,000BWP72.5m0%no data
2.39%
Business Doctor Investment Limited
51,339,000BWP66.2m0%no data
2.23%
Kuwait Investment Authority
47,870,044BWP61.8m0%0.02%
1.79%
Debswana Diamond Company, ESOP
38,469,000BWP49.6m0%5.03%
1.5%
Frontaura Capital LLC
32,195,000BWP41.5m0%21.6%
0.35%
Boston Partners Global Investors, Inc.
7,545,618BWP9.7m0%no data
0.33%
Eaton Vance Management
7,193,958BWP9.3m0%no data
0.13%
Absa Asset Management (Proprietary) Ltd.
2,740,000BWP3.5m0%0.06%
0.07%
Sanlam Namibia Trust Managers Limited
1,508,743BWP1.9m0%0.15%
0.00014%
MCH Investment Strategies, AV, SA
3,019BWP3.9k0%0.01%

Company Information

Letshego Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Letshego Holdings Limited
  • Ticker: LETSHEGO
  • Exchange: BSM
  • Founded: 1998
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Implied Market Cap: P2.772b
  • Shares outstanding: 2.15b
  • Website: https://www.letshego.com

Number of Employees


Location

  • Letshego Holdings Limited
  • Tower C
  • Plot 54352
  • Gaborone
  • Botswana


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LETSHEGOBSM (Botswana Share Market)YesOrdinary SharesBWBWPOct 2002

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.