New African Properties Limited, together with its subsidiaries, operates as a variable rate loan stock company.
New African Properties Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||P3.25|
|52 Week High||P0|
|52 Week Low||P0|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||1.56%|
|3 Year Change||0.31%|
|5 Year Change||10.54%|
|Change since IPO||38.30%|
Recent News & Updates
|NAP||BW Real Estate||BW Market|
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.
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
|n/a||n/a||Tobias Louis Mynhardt||https://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
|NAP fundamental statistics|
Is NAP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NAP income statement (TTM)|
|Cost of Revenue||P47.78m|
Last Reported Earnings
Jan 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.21|
|Net Profit Margin||59.82%|
How did NAP perform over the long term?See historical performance and comparison
7.9%Current Dividend Yield
Is New African Properties undervalued compared to its fair value and its price relative to the market?
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).
How is New African Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has New African Properties performed over the past 5 years?
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.
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.
What is New African Properties's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tobias Louis Mynhardt
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...
Experienced Management: NAP's management team is seasoned and experienced (9.8 years average tenure).
Experienced Board: NAP's board of directors are seasoned and experienced ( 10.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New African Properties Limited's employee growth, exchange listings and data sources
- 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
- New African Properties Limited
- Fairground Office Park
- Plot 50371
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 21:03|
|End of Day Share Price||2021/10/21 00:00|
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.