Announcement • Feb 02
Shoprite Holdings Ltd to Report First Half, 2026 Results on Mar 03, 2026 Shoprite Holdings Ltd announced that they will report first half, 2026 results on Mar 03, 2026 Announcement • Oct 13
Shoprite Holdings Ltd, Annual General Meeting, Nov 10, 2025 Shoprite Holdings Ltd, Annual General Meeting, Nov 10, 2025. Announcement • Aug 29
Shoprite Holdings Ltd Announces Steps Down of Anton De Bruyn as Member of the Social and Ethics Committee, Effective August 28, 2025 The board of directors of Shoprite Holdings advises that Mr. Anton de Bruyn stepped down as a member of the Social and Ethics Committee with effect from 28 August 2025. Announcement • Mar 19
Coronation Asset Management (Pty) Limited, on behalf of its clients acquired an unknown stake in Shoprite Holdings Ltd (JSE:SHP). Coronation Asset Management (Pty) Limited, on behalf of its clients acquired an unknown stake in Shoprite Holdings Ltd (JSE:SHP) on March 18, 2025.
Coronation Asset Management (Pty) Limited, on behalf of its clients completed the acquisition of an unknown stake in Shoprite Holdings Ltd (JSE:SHP) on March 18, 2025. Announcement • Mar 04
Shoprite Holdings Ltd Declares Interim Dividend, Payable on 31 March 2025 The Board of Shoprite Holdings Ltd. has declared an interim dividend of 285 cents (H1 2024: 267 cents) per ordinary share, payable to shareholders on 31 March 2025. The dividend has been declared out of income reserves. The last day to trade cum dividend will be 25 March 2025. As from 26 March 2025, all trading of Shoprite Holdings Ltd. shares will take place ex dividend. The record date is 28 March 2025. Share certificates may not be dematerialised or rematerialised between 26 March 2025, and 28 March 2025, both days inclusive. Recent Insider Transactions • Nov 17
CEO & Executive Director recently sold €1.6m worth of stock On the 13th of November, Pieter Engelbrecht sold around 96k shares on-market at roughly €16.69 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Pieter has been a net seller over the last 12 months, reducing personal holdings by €2.4m. Upcoming Dividend • Sep 20
Upcoming dividend of R4.45 per share Eligible shareholders must have bought the stock before 25 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.9%). Recent Insider Transactions • Sep 17
CEO & Executive Director recently sold €755k worth of stock On the 10th of September, Pieter Engelbrecht sold around 50k shares on-market at roughly €15.16 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Pieter has been a net seller over the last 12 months, reducing personal holdings by €2.3m. Declared Dividend • Sep 05
Final dividend of R4.45 announced Shareholders will receive a dividend of R4.45. Ex-date: 25th September 2024 Payment date: 30th September 2024 Dividend yield will be 31%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 04
Full year 2024 earnings released: EPS: R12.08 (vs R11.61 in FY 2023) Full year 2024 results: EPS: R12.08 (up from R11.61 in FY 2023). Revenue: R240.7b (up 12% from FY 2023). Net income: R6.57b (up 4.2% from FY 2023). Profit margin: 2.7% (down from 2.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Announcement • Sep 03
Shoprite Holdings Ltd Declares Final Dividend, Payable on 30 September 2024 The Board of Shoprite Holdings Ltd. has declared a final dividend of 445 cents (2023: 415 cents) per ordinary share, payable to shareholders on 30 September 2024. The dividend has been declared out of income reserves. This brings the total dividend for the year to 712 cents (2023: 663 cents) per ordinary share. The last day to trade cum dividend will be 23 September 2024. As from 25 September 2024, all trading of Shoprite Holdings Ltd. shares will take place ex dividend. The record date is 27 September 2024. Announcement • May 25
Shoprite Holdings Appoints Wendy Lucas-Bull as Member of the Social and Ethics Committee In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised that the Chairman of Shoprite Holdings, Ms. Wendy Lucas-Bull has been appointed as a member of the Social and Ethics Committee of the Company, with effect from 23 May 2024. Announcement • Apr 09
JPMorgan Chase & Co. (NYSE:JPM) acquired unknown stake in Shoprite Holdings Ltd (JSE:SHP). JPMorgan Chase & Co. (NYSE:JPM) acquired unknown stake in Shoprite Holdings Ltd (JSE:SHP) on April 8, 2024.JPMorgan Chase & Co. (NYSE:JPM) completed the acquisition of unknown stake in Shoprite Holdings Ltd (JSE:SHP) on April 8, 2024. Upcoming Dividend • Mar 19
Upcoming dividend of R2.67 per share Eligible shareholders must have bought the stock before 26 March 2024. Payment date: 02 April 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.2%). Declared Dividend • Mar 07
First half dividend of R2.67 announced Shareholders will receive a dividend of R2.67. Ex-date: 26th March 2024 Payment date: 2nd April 2024 Dividend yield will be 23%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 134% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (134% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 06
First half 2024 earnings released: EPS: R6.27 (vs R6.00 in 1H 2023) First half 2024 results: EPS: R6.27 (up from R6.00 in 1H 2023). Revenue: R121.1b (up 14% from 1H 2023). Net income: R3.41b (up 4.9% from 1H 2023). Profit margin: 2.8% (down from 3.1% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Announcement • Mar 05
Shoprite Holdings Ltd Declares Interim Dividend, Payable on 2 April 2024 The Board of Shoprite Holdings Ltd. has declared an interim dividend of 267 cents (first half 2023: 248 cents) per ordinary share, payable to shareholders on 2 April 2024. The dividend has been declared out of income reserves. The last day to trade cum dividend will be 25 March 2024. As from 26 March 2024, all trading of Shoprite Holdings Ltd. shares will take place ex dividend. The record date is 28 March 2024. Recent Insider Transactions • Nov 19
CEO & Executive Director recently sold €1.5m worth of stock On the 15th of November, Pieter Engelbrecht sold around 119k shares on-market at roughly €12.58 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Pieter has been a net seller over the last 12 months, reducing personal holdings by €3.1m. Upcoming Dividend • Sep 20
Upcoming dividend of R4.15 per share at 2.7% yield Eligible shareholders must have bought the stock before 27 September 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%). Reported Earnings • Sep 07
Full year 2023 earnings released: EPS: R11.62 (vs R10.46 in FY 2022) Full year 2023 results: EPS: R11.62 (up from R10.46 in FY 2022). Revenue: R215.0b (up 17% from FY 2022). Net income: R6.31b (up 11% from FY 2022). Profit margin: 2.9% (down from 3.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Announcement • Sep 06
Shoprite Holdings Ltd Declares Final Dividend, Payable on 2 October 2023 The Board of Shoprite Holdings Ltd. has declared a final dividend of 415 cents (2022: 367 cents) per ordinary share, payable to shareholders on 2 October 2023. The dividend has been declared out of income reserves. This brings the total dividend for the year to 663 cents (2022: 600 cents) per ordinary share. The last day to trade cum dividend will be 26 September 2023. As from 27 September 2023, all trading of Shoprite Holdings Ltd. shares will take place ex dividend. The record date is 29 September 2023. Announcement • Sep 01
Shoprite Holdings Ltd Announces Board Committee Appointments The board of directors of Shoprite Holdings Ltd. announced that, with effect from 30 August 2023, Mr. Sipho Maseko was appointed as a member of the Finance and Investment Committee; and Prof Hlengani Mathebula was appointed as a member of the Social and Ethics Committee. Announcement • Jul 25
Shoprite Holdings Ltd Announces Change to Company Secretary, Effective 1 January 2024 Shoprite Holdings Ltd. announced that Mr. Pieter du Preez will retire as Company Secretary of the company with effect from 1 January 2024. He will however continue in his role as Chief Legal/Regulatory Officer of the Company, the position that he also occupied since October 2008. In addition, Shoprite Holdings announced the appointment of Ms Leeanne Goliath as Group Company Secretary with effect from 1 January 2024. Leeanne joins Shoprite Holdings from AngloGold Ashanti Limited where she held positions as Group Company Secretary and Manager: Company Secretarial. Prior to joining AngloGold Ashanti, she was the Group Company Secretary for African Bank Investments Limited. Leeanne holds BCom and MBA degrees as well as certificates for the Management Advanced Programme and in Advanced Company Law. The Board is satisfied that Leeanne has the requisite knowledge and experience to fulfil the role of Group Company Secretary and wishes her well in the role. Announcement • Jul 18
Shoprite Holdings Ltd to Report Q1, 2024 Results on Nov 13, 2023 Shoprite Holdings Ltd announced that they will report Q1, 2024 results on Nov 13, 2023 Announcement • Jun 29
Shoprite Holdings Ltd Announces Board Appointments The board of directors of Shoprite Holdings announced the appointment of Hlengani Mathebula and Sipho N Maseko as independent non-executive directors to the Board with effect from 27 June 2023. Hlengani holds a Bachelor of Arts (Honours, Theology), Master of Management, Entrepreneurship and New Value Creation as well as a Doctor of Philosophy (PHD). He is an experienced executive having worked for SARS as well as holding various positions in banking (FNB, ABSA, and the South African Reserve Bank). Hlengani is currently Professor of Strategy, Finance and Investment at the University of Limpopo, Chairman of the Media Development and Diversity Agency, Chairman of the Black Business Executive Circle and an independent non-executive director of the Health Professionals Council of SA. Prior to this he was a board member of BMW SA, Chairman of the Eskom Pension Fund, Chairman of the African Leadership Group and a founding member of the Black Business Council. Sipho holds a Bachelor of Arts, a Bachelor of Laws (LLB). His professional experience includes articles at Werkmans, followed by positions at the Department of Trade and Industry and the Financial Services Board. Sipho spent more than a decade with BP South Africa, the majority of which was spent as CEO for BP Africa. This position was followed by a period as Chief Operating Officer of Vodacom South Africa and 9 years as CEO of Telkom. After having served as Chairman of SAPREF and a non-executive director of Afrox Ltd, Gyro Group and Trudon Pty Ltd, Sipho is currently an advisory board member of the Centre for Development and Enterprises, Airlink and Heidrick and Struggles. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €10.90, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Consumer Retailing industry in Europe. Total returns to shareholders of 120% over the past three years. Announcement • May 20
Shoprite Holdings Ltd Announces Step Down of Wendy Lucas-Bull as Member of the SEC Shoprite Holdings Ltd. announced the step down of Wendy Lucas-Bull as member of the SEC with effect from May 18, 2023. Upcoming Dividend • Mar 28
Upcoming dividend of R2.48 per share at 2.7% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 11 April 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.9%). Reported Earnings • Mar 09
First half 2023 earnings released: EPS: R6.00 (vs R4.91 in 1H 2022) First half 2023 results: EPS: R6.00 (up from R4.91 in 1H 2022). Revenue: R106.3b (up 17% from 1H 2022). Net income: R3.25b (up 21% from 1H 2022). Profit margin: 3.1% (up from 2.9% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 24% per year. Upcoming Dividend • Sep 21
Upcoming dividend of R3.67 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.7%). Recent Insider Transactions • Sep 15
CEO & Executive Director recently sold €778k worth of stock On the 8th of September, Pieter Engelbrecht sold around 61k shares on-market at roughly €12.74 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Pieter's only on-market trade for the last 12 months. Reported Earnings • Sep 08
Full year 2022 earnings released: EPS: R10.46 (vs R8.52 in FY 2021) Full year 2022 results: EPS: R10.46 (up from R8.52 in FY 2021). Revenue: R184.1b (up 9.6% from FY 2021). Net income: R5.70b (up 21% from FY 2021). Profit margin: 3.1% (up from 2.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Mar 30
Upcoming dividend of R2.33 per share Eligible shareholders must have bought the stock before 06 April 2022. Payment date: 11 April 2022. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.7%). Lower than average of industry peers (4.1%). Reported Earnings • Mar 09
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: R4.97 (up from R3.93 in 1H 2021). Revenue: R91.1b (up 9.2% from 1H 2021). Net income: R2.71b (up 25% from 1H 2021). Profit margin: 3.0% (up from 2.6% in 1H 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 5.9%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Sep 22
Upcoming dividend of R3.53 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 October 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.8%). Reported Earnings • Sep 11
Full year 2021 earnings released: EPS R8.52 (vs R6.23 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R168.0b (up 7.1% from FY 2020). Net income: R4.70b (up 37% from FY 2020). Profit margin: 2.8% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Sep 09
Independent Non-Executive Director recently bought €218k worth of stock On the 7th of September, Alice le Roux bought around 20k shares on-market at roughly €10.83 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €252k more in shares than they have sold in the last 12 months. Upcoming Dividend • Mar 31
Upcoming dividend of R1.91 per share Eligible shareholders must have bought the stock before 07 April 2021. Payment date: 12 April 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.2%). Is New 90 Day High Low • Feb 09
New 90-day high: €8.05 The company is up 2.0% from its price of €7.90 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.31 per share. Reported Earnings • Oct 04
Full year earnings released - EPS €6.23 Over the last 12 months the company has reported total profits of R3.44b, down 9.8% from the prior year. Total revenue was R156.9b over the last 12 months, up 6.4% from the prior year. Profit margins were 2.2%, which is in line with last year. 
