company background image
PRIM

Primetime Property HoldingsBSM:PRIMETIME Stock Report

Market Cap

P562.7m

7D

0%

1Y

-17.3%

Updated

25 Oct, 2021

Data

Company Financials
PRIMETIME fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends2/6

PRIMETIME Overview

Primetime Property Holdings Limited is real estate investment firm specializing in property investment.

Primetime Property Holdings Competitors

New African Properties

BSM:NAP

P2.0b

Far Property

BSM:FPC

P1.1b

Stor-Age Property REIT

JSE:SSS

R6.1b

Tradehold

JSE:TDH

R2.6b

Price History & Performance

Summary of all time highs, changes and price drops for Primetime Property Holdings
Historical stock prices
Current Share PriceP2.30
52 Week HighP0
52 Week LowP0
Beta-0.0035
1 Month Change0%
3 Month Change-3.77%
1 Year Change-17.27%
3 Year Change-25.08%
5 Year Change-24.84%
Change since IPO31.43%

Recent News & Updates

Shareholder Returns

PRIMETIMEBW Real EstateBW Market
7D0%0%0.06%
1Y-17.3%-4.1%1.1%

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

Return vs Market: PRIMETIME underperformed the BW Market which returned 1% over the past year.

Price Volatility

Is PRIMETIME's price volatile compared to industry and market?
PRIMETIME volatility
PRIMETIME Beta-0.0035
Industry Beta0.82
Market Beta1

Stable Share Price: PRIMETIME is not significantly more volatile than the rest of BW stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: PRIMETIME's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aSandy Kellyhttps://www.primetime.co.bw

Primetime Property Holdings Limited is real estate investment firm specializing in property investment. It seeks to invest in office, retail, and industrial freehold and leasehold properties. The firm derives its revenue primarily from the rental of investment properties.

Primetime Property Holdings Fundamentals Summary

How do Primetime Property Holdings's earnings and revenue compare to its market cap?
PRIMETIME fundamental statistics
Market CapP562.70m
Earnings (TTM)-P34.89m
Revenue (TTM)P177.12m

3.2x

P/S Ratio

-16.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRIMETIME income statement (TTM)
RevenueP177.12m
Cost of RevenueP64.47m
Gross ProfitP112.65m
ExpensesP147.54m
Earnings-P34.89m

Last Reported Earnings

Feb 28, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.14
Gross Margin63.60%
Net Profit Margin-19.70%
Debt/Equity Ratio123.9%

How did PRIMETIME perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

-103%

Payout Ratio

Valuation

Is Primetime Property Holdings undervalued compared to its fair value and its price relative to the market?

0.79x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PRIMETIME (BWP2.3) is trading above our estimate of fair value (BWP1.91)

Significantly Below Fair Value: PRIMETIME is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PRIMETIME is unprofitable, so we can't compare its PE Ratio to the BW Real Estate industry average.

PE vs Market: PRIMETIME is unprofitable, so we can't compare its PE Ratio to the BW market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PRIMETIME's PB Ratio (0.8x) is in line with the BW Real Estate industry average.


Future Growth

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

37.8%

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 Primetime Property 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.


Past Performance

How has Primetime Property Holdings performed over the past 5 years?

-23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRIMETIME is currently unprofitable.

Growing Profit Margin: PRIMETIME is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRIMETIME is unprofitable, and losses have increased over the past 5 years at a rate of 23.2% per year.

Accelerating Growth: Unable to compare PRIMETIME's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PRIMETIME is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-30%).


Return on Equity

High ROE: PRIMETIME has a negative Return on Equity (-6.06%), as it is currently unprofitable.


Financial Health

How is Primetime Property Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PRIMETIME's short term assets (BWP60.1M) do not cover its short term liabilities (BWP312.4M).

Long Term Liabilities: PRIMETIME's short term assets (BWP60.1M) do not cover its long term liabilities (BWP650.5M).


Debt to Equity History and Analysis

Debt Level: PRIMETIME's debt to equity ratio (123.9%) is considered high.

Reducing Debt: PRIMETIME's debt to equity ratio has increased from 67.2% to 123.9% over the past 5 years.

Debt Coverage: PRIMETIME's debt is not well covered by operating cash flow (7.7%).

Interest Coverage: PRIMETIME's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


Dividend

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

6.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PRIMETIME's dividend (6.86%) is higher than the bottom 25% of dividend payers in the BW market (4.27%).

High Dividend: PRIMETIME's dividend (6.86%) is low compared to the top 25% of dividend payers in the BW market (7.98%).


Stability and Growth of Payments

Stable Dividend: PRIMETIME's dividends per share have been stable in the past 10 years.

Growing Dividend: PRIMETIME's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: PRIMETIME is paying a dividend but the company is unprofitable.


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?

4.3yrs

Average board tenure


CEO

Sandy Kelly (83 yo)

no data

Tenure

P117,549

Compensation

Mr. Alexander L. Kelly, also known as Sandy, Pr.Eng. BSc (Civ Eng), MBA, MBIDP serves as the Managing Director of Primetime Property Holdings Limited. Mr. Kelly has been the Managing Partner of KEL Enterpr...


Board Members

Experienced Board: PRIMETIME's board of directors are considered experienced (4.3 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

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


Key Information

  • Name: Primetime Property Holdings Limited
  • Ticker: PRIMETIME
  • Exchange: BSM
  • Founded: NaN
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: P562.697m
  • Shares outstanding: 244.65m
  • Website: https://www.primetime.co.bw

Location

  • Primetime Property Holdings Limited
  • Prime Plaza
  • Ground Floor
  • Gaborone
  • Botswana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:51
End of Day Share Price2021/10/25 00:00
Earnings2021/02/28
Annual Earnings2020/08/31


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.