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NAP

New African PropertiesBSM:NAP Stock Report

Market Cap

P2.0b

7D

0%

1Y

1.6%

Updated

21 Oct, 2021

Data

Company Financials
NAP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends1/6

NAP Overview

New African Properties Limited, together with its subsidiaries, operates as a variable rate loan stock company.

New African Properties Competitors

Price History & Performance

Summary of all time highs, changes and price drops for New African Properties
Historical stock prices
Current Share PriceP3.25
52 Week HighP0
52 Week LowP0
Beta0.013
1 Month Change0%
3 Month Change0%
1 Year Change1.56%
3 Year Change0.31%
5 Year Change10.54%
Change since IPO38.30%

Recent News & Updates

Shareholder Returns

NAPBW Real EstateBW Market
7D0%0%0.1%
1Y1.6%-4.1%1.0%

Return vs Industry: NAP exceeded the BW Real Estate industry which returned -4.1% over the past year.

Return vs Market: NAP matched the BW Market which returned 1% over the past year.

Price Volatility

Is NAP's price volatile compared to industry and market?
NAP volatility
NAP Beta0.013
Industry Beta0.82
Market Beta1

Stable Share Price: NAP is less volatile than 75% of BW stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: NAP's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aTobias Louis Mynhardthttps://www.newafricanproperties.co.bw

New African Properties Limited, together with its subsidiaries, operates as a variable rate loan stock company. The company owns a portfolio of retail and industrial properties in Botswana, as well as a portfolio of retail properties in Namibia. Its property portfolio includes 64 properties.

New African Properties Fundamentals Summary

How do New African Properties's earnings and revenue compare to its market cap?
NAP fundamental statistics
Market CapP1.96b
Earnings (TTM)P127.64m
Revenue (TTM)P213.37m

15.4x

P/E Ratio

9.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NAP income statement (TTM)
RevenueP213.37m
Cost of RevenueP47.78m
Gross ProfitP165.59m
ExpensesP37.95m
EarningsP127.64m

Last Reported Earnings

Jan 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin77.61%
Net Profit Margin59.82%
Debt/Equity Ratio0.9%

How did NAP perform over the long term?

See historical performance and comparison

Dividends

7.9%

Current Dividend Yield

127%

Payout Ratio

Valuation

Is New African Properties undervalued compared to its fair value and its price relative to the market?

10.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NAP (BWP3.25) is trading below our estimate of fair value (BWP3.64)

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


Price To Earnings Ratio

PE vs Industry: NAP is poor value based on its PE Ratio (15.4x) compared to the BW Real Estate industry average (12.7x).

PE vs Market: NAP is poor value based on its PE Ratio (15.4x) compared to the BW market (10.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NAP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NAP is overvalued based on its PB Ratio (1.3x) compared to the BW Real Estate industry average (0.8x).


Future Growth

How is New African Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.9%

Forecasted Real Estate 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 New African Properties 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.


Past Performance

How has New African Properties performed over the past 5 years?

-6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NAP has a large one-off loss of BWP37.2M impacting its January 31 2021 financial results.

Growing Profit Margin: NAP's current net profit margins (59.8%) are lower than last year (92.7%).


Past Earnings Growth Analysis

Earnings Trend: NAP's earnings have declined by 6.3% per year over the past 5 years.

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

Earnings vs Industry: NAP had negative earnings growth (-34.6%) over the past year, making it difficult to compare to the Real Estate industry average (-30%).


Return on Equity

High ROE: NAP's Return on Equity (8.4%) is considered low.


Financial Health

How is New African Properties's financial position?


Financial Position Analysis

Short Term Liabilities: NAP's short term assets (BWP152.3M) exceed its short term liabilities (BWP29.6M).

Long Term Liabilities: NAP's short term assets (BWP152.3M) do not cover its long term liabilities (BWP168.8M).


Debt to Equity History and Analysis

Debt Level: NAP's debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: NAP's debt to equity ratio has reduced from 2.2% to 0.9% over the past 5 years.

Debt Coverage: NAP's debt is well covered by operating cash flow (1104.4%).

Interest Coverage: NAP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is New African Properties's current dividend yield, its reliability and sustainability?

7.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NAP's dividend (7.85%) is higher than the bottom 25% of dividend payers in the BW market (4.27%).

High Dividend: NAP's dividend (7.85%) is low compared to the top 25% of dividend payers in the BW market (7.98%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NAP has been paying a dividend for less than 10 years.

Growing Dividend: NAP's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (127.2%), NAP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

9.8yrs

Average management tenure


CEO

Tobias Louis Mynhardt

10.75yrs

Tenure

Mr. Tobias Louis John Mynhardt, B.Comm (UCT)(Hons-US), MSc Econ(LSE), has been the Managing Director of New African Properties Limited since its listing in 2011 and its an Executive Director since February...


Leadership Team

Experienced Management: NAP's management team is seasoned and experienced (9.8 years average tenure).


Board Members

Experienced Board: NAP's board of directors are seasoned and experienced ( 10.2 years average tenure).


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

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


Top Shareholders

Company Information

New African Properties Limited's employee growth, exchange listings and data sources


Key Information

  • Name: New African Properties Limited
  • Ticker: NAP
  • Exchange: BSM
  • Founded: NaN
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: P1.964b
  • Shares outstanding: 604.40m
  • Website: https://www.newafricanproperties.co.bw

Location

  • New African Properties Limited
  • Fairground Office Park
  • Plot 50371
  • Gaborone
  • Botswana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:03
End of Day Share Price2021/10/21 00:00
Earnings2021/01/31
Annual Earnings2020/07/31


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.