company background image
SMER

Sameer AfricaNASE:SMER Stock Report

Market Cap

KSh876.8m

7D

0.3%

1Y

-10.0%

Updated

17 Oct, 2021

Data

Company Financials
SMER fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

SMER Overview

Sameer Africa PLC, together with its subsidiaries, sources, imports, retails, sells, and distributes tyres, tubes, and flaps Kenya, Uganda, Tanzania, and Burundi.

Price History & Performance

Summary of all time highs, changes and price drops for Sameer Africa
Historical stock prices
Current Share PriceKSh3.15
52 Week HighKSh2.46
52 Week LowKSh4.00
Beta0.14
1 Month Change-8.43%
3 Month Change2.61%
1 Year Change-10.00%
3 Year Change31.25%
5 Year Change21.15%
Change since IPO-81.14%

Recent News & Updates

Shareholder Returns

SMERKE Auto ComponentsKE Market
7D0.3%3.9%1.7%
1Y-10.0%30.8%30.0%

Return vs Industry: SMER underperformed the KE Auto Components industry which returned 30.9% over the past year.

Return vs Market: SMER underperformed the KE Market which returned 30% over the past year.

Price Volatility

Is SMER's price volatile compared to industry and market?
SMER volatility
SMER Beta0.14
Industry Beta1.14
Market Beta1

Stable Share Price: SMER is more volatile than 90% of KE stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: SMER's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of KE stocks.

About the Company

FoundedEmployeesCEOWebsite
1969141Peter Gitongahttps://www.sameerafrica.com

Sameer Africa PLC, together with its subsidiaries, sources, imports, retails, sells, and distributes tyres, tubes, and flaps Kenya, Uganda, Tanzania, and Burundi. It operates through four segments: Sourcing and Distribution, Regional Operations, Yana Tyre Centre, and Rental Business. The company offers tyres for passenger vehicles, 4×4/SUVs, light trucks and vans, medium trucks and minibuses, and trucks and buses, as well as agriculture, and off the road and industrial tyres under the Yana and Summit brand names.

Sameer Africa Fundamentals Summary

How do Sameer Africa's earnings and revenue compare to its market cap?
SMER fundamental statistics
Market CapKSh876.78m
Earnings (TTM)-KSh937.71m
Revenue (TTM)KSh1.27b

0.7x

P/S Ratio

-0.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMER income statement (TTM)
RevenueKSh1.27b
Cost of RevenueKSh1.08b
Gross ProfitKSh187.55m
ExpensesKSh1.13b
Earnings-KSh937.71m

Last Reported Earnings

Jun 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-3.37
Gross Margin14.79%
Net Profit Margin-73.95%
Debt/Equity Ratio10,417.8%

How did SMER perform over the long term?

See historical performance and comparison

Valuation

Is Sameer Africa undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SMER (KES3.15) is trading below our estimate of fair value (KES12.41)

Significantly Below Fair Value: SMER is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SMER is unprofitable, so we can't compare its PE Ratio to the Global Auto Components industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SMER is overvalued based on its PB Ratio (154.7x) compared to the XX Auto Components industry average (1.5x).


Future Growth

How is Sameer Africa forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.3%

Forecasted Automobiles 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 Sameer Africa 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 Sameer Africa performed over the past 5 years?

-18.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SMER is currently unprofitable.

Growing Profit Margin: SMER is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SMER's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: SMER is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (60.9%).


Return on Equity

High ROE: SMER has a negative Return on Equity (-16543.9%), as it is currently unprofitable.


Financial Health

How is Sameer Africa's financial position?


Financial Position Analysis

Short Term Liabilities: SMER's short term assets (KES350.9M) do not cover its short term liabilities (KES453.0M).

Long Term Liabilities: SMER's short term assets (KES350.9M) do not cover its long term liabilities (KES590.5M).


Debt to Equity History and Analysis

Debt Level: SMER's debt to equity ratio (10417.8%) is considered high.

Reducing Debt: SMER's debt to equity ratio has increased from 0.4% to 10417.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if SMER has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SMER has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Sameer Africa current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SMER's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SMER's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SMER's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SMER's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SMER is not paying a notable dividend for the KE market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SMER's dividend in 3 years as they are not forecast to pay a notable one for the KE market.


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Peter Gitonga

2.17yrs

Tenure

KSh8,200,000

Compensation

Mr. Peter Mugambi Gitonga is MD & Executive Director of Sameer Africa PLC from January 01, 2021. He was Acting MD & Executive Director of Sameer Africa PLC from August 29, 2019 to January 01, 2021. Mr. Git...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD73.91K) is below average for companies of similar size in the KE market ($USD263.40K).

Compensation vs Earnings: Peter's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: SMER's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: SMER's board of directors are considered experienced (8.9 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

Sameer Africa PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Sameer Africa PLC
  • Ticker: SMER
  • Exchange: NASE
  • Founded: 1969
  • Industry: Tires and Rubber
  • Sector: Automobiles
  • Market Cap: KSh876.779m
  • Shares outstanding: 278.34m
  • Website: https://www.sameerafrica.com

Number of Employees


Location

  • Sameer Africa PLC
  • Mombasa/Enterprise Road Junction
  • PO Box 30429
  • Nairobi
  • 100
  • Kenya

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 14:03
End of Day Share Price2021/10/15 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.