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TURN

Turnstar HoldingsBSM:TURNSTAR Stock Report

Market Cap

P1.0b

7D

-5.3%

1Y

-25.0%

Updated

19 Oct, 2021

Data

Company Financials
TURNSTAR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends3/6

TURNSTAR Overview

Turnstar Holdings Limited operates as a property investment company in Botswana, Tanzania, and the United Arab Emirates.

Price History & Performance

Summary of all time highs, changes and price drops for Turnstar Holdings
Historical stock prices
Current Share PriceP1.80
52 Week HighP0
52 Week LowP0
Beta0.079
1 Month Change-5.26%
3 Month Change-10.00%
1 Year Change-25.00%
3 Year Change-40.40%
5 Year Change-44.79%
Change since IPO89.47%

Recent News & Updates

Shareholder Returns

TURNSTARBW Real EstateBW Market
7D-5.3%-0.5%0.1%
1Y-25.0%-3.2%1.1%

Return vs Industry: TURNSTAR underperformed the BW Real Estate industry which returned -1.5% over the past year.

Return vs Market: TURNSTAR underperformed the BW Market which returned 1.4% over the past year.

Price Volatility

Is TURNSTAR's price volatile compared to industry and market?
TURNSTAR volatility
TURNSTAR Beta0.079
Industry Beta0.82
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
n/an/aGulaam Abdoolahttps://www.turnstar.co.bw

Turnstar Holdings Limited operates as a property investment company in Botswana, Tanzania, and the United Arab Emirates. It invests in shopping centers, office, commercial, residential, and industrial properties. The company is headquartered in Gaborone, Botswana.

Turnstar Holdings Fundamentals Summary

How do Turnstar Holdings's earnings and revenue compare to its market cap?
TURNSTAR fundamental statistics
Market CapP1.03b
Earnings (TTM)P81.31m
Revenue (TTM)P246.41m

12.7x

P/E Ratio

4.2x

P/S Ratio


Dividends

10.0%

Current Dividend Yield

134%

Payout Ratio

Valuation

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

16.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TURNSTAR (BWP1.8) is trading below our estimate of fair value (BWP2.15)

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


Price To Earnings Ratio

PE vs Industry: TURNSTAR's PE Ratio (12.7x) is in line with the BW Real Estate industry average.

PE vs Market: TURNSTAR is poor value based on its PE Ratio (12.7x) compared to the BW market (10.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TURNSTAR is good value based on its PB Ratio (0.6x) compared to the BW Real Estate industry average (0.8x).


Future Growth

How is Turnstar 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 Turnstar 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 Turnstar Holdings performed over the past 5 years?

-22.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TURNSTAR has high quality earnings.

Growing Profit Margin: TURNSTAR's current net profit margins (33%) are lower than last year (42.8%).


Past Earnings Growth Analysis

Earnings Trend: TURNSTAR's earnings have declined by 22.3% per year over the past 5 years.

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

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


Return on Equity

High ROE: TURNSTAR's Return on Equity (4.8%) is considered low.


Financial Health

How is Turnstar Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TURNSTAR's short term assets (BWP65.8M) do not cover its short term liabilities (BWP83.0M).

Long Term Liabilities: TURNSTAR's short term assets (BWP65.8M) do not cover its long term liabilities (BWP728.5M).


Debt to Equity History and Analysis

Debt Level: TURNSTAR's debt to equity ratio (34.6%) is considered satisfactory.

Reducing Debt: TURNSTAR's debt to equity ratio has increased from 32.2% to 34.6% over the past 5 years.

Debt Coverage: TURNSTAR's debt is well covered by operating cash flow (21.5%).

Interest Coverage: TURNSTAR's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Dividend

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

10.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TURNSTAR's dividend (10%) is higher than the bottom 25% of dividend payers in the BW market (4.27%).

High Dividend: TURNSTAR's dividend (10%) is in the top 25% of dividend payers in the BW market (7.98%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (133.7%), TURNSTAR'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?

9.1yrs

Average management tenure


CEO

Gulaam Abdoola

8.33yrs

Tenure

P2,913,517

Compensation

Mr. Gulaam Husain Abdoola has been Managing Director of Turnstar Holdings Limited since June 1, 2013. Mr. Abdoola serves as Managing Director at GH Group (Pty) Ltd. He serves as Executive Chairman of GH Gr...


CEO Compensation Analysis

Compensation vs Market: Gulaam's total compensation ($USD261.05K) is about average for companies of similar size in the BW market ($USD221.50K).

Compensation vs Earnings: Gulaam's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TURNSTAR's management team is seasoned and experienced (9.1 years average tenure).


Board Members

Experienced Board: TURNSTAR's board of directors are considered experienced (7.7 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

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


Key Information

  • Name: Turnstar Holdings Limited
  • Ticker: TURNSTAR
  • Exchange: BSM
  • Founded: NaN
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: P1.030b
  • Shares outstanding: 572.15m
  • Website: https://www.turnstar.co.bw

Location

  • Turnstar Holdings Limited
  • Turnstar House
  • Plot K09
  • Gaborone
  • Botswana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 21:43
End of Day Share Price2021/10/19 00:00
Earnings2021/01/31
Annual Earnings2021/01/31


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.