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NBS

Namibia BreweriesNMSE:NBS Stock Report

Market Cap

R7.0b

7D

0%

1Y

5.0%

Updated

21 Oct, 2021

Data

Company Financials
NBS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends2/6

NBS Overview

Namibia Breweries Limited, together with its subsidiaries, primarily engages in brewing and distributing beer in Namibia.

Price History & Performance

Summary of all time highs, changes and price drops for Namibia Breweries
Historical stock prices
Current Share PriceR34.12
52 Week HighR30.00
52 Week LowR34.51
Beta0.083
1 Month Change0.029%
3 Month Change4.98%
1 Year Change5.02%
3 Year Change-25.83%
5 Year Change19.72%
Change since IPO1,163.70%

Recent News & Updates

Shareholder Returns

NBSNA BeverageNA Market
7D0%0.4%-0.4%
1Y5.0%22.1%-1.2%

Return vs Industry: NBS underperformed the NA Beverage industry which returned 21.5% over the past year.

Return vs Market: NBS exceeded the NA Market which returned -2.2% over the past year.

Price Volatility

Is NBS's price volatile compared to industry and market?
NBS volatility
NBS Beta0.083
Industry Beta0.68
Market Beta1

Stable Share Price: Insufficient data to determine NBS's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine NBS's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1920827Marco Wenkhttps://www.nambrew.com

Namibia Breweries Limited, together with its subsidiaries, primarily engages in brewing and distributing beer in Namibia. It offers beers under the Windhoek Lager, Windhoek Draught, Windhoek Light, Windhoek Non-Alcoholic, Tafel Lager, Tafel Lite, Tafel Radler, Hansa Draught, Camelthorn, King Lager, Heineken, and Horizon Non-Alcoholic Flavoured brand name; ciders under the Strongrow brand name; water under the AquaSplash brand name; mixers under the McKane brand name; and juices under the Fruitree brand name. It also exports its products.

Namibia Breweries Fundamentals Summary

How do Namibia Breweries's earnings and revenue compare to its market cap?
NBS fundamental statistics
Market CapN$7.04b
Earnings (TTM)N$114.31m
Revenue (TTM)N$2.33b

61.6x

P/E Ratio

3.0x

P/S Ratio


Dividends

3.3%

Current Dividend Yield

197%

Payout Ratio

Valuation

Is Namibia Breweries 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: NBS (ZAR34.12) is trading below our estimate of fair value (ZAR105.1)

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


Price To Earnings Ratio

PE vs Industry: NBS is poor value based on its PE Ratio (61.6x) compared to the African Beverage industry average (27.6x).

PE vs Market: NBS is poor value based on its PE Ratio (61.6x) compared to the NA market (7.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NBS is overvalued based on its PB Ratio (3.9x) compared to the XF Beverage industry average (2.4x).


Future Growth

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

21.9%

Forecasted Food, Beverage & Tobacco 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 Namibia Breweries 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 Namibia Breweries performed over the past 5 years?

7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NBS has high quality earnings.

Growing Profit Margin: NBS's current net profit margins (4.9%) are lower than last year (27.8%).


Past Earnings Growth Analysis

Earnings Trend: NBS's earnings have grown by 7.3% per year over the past 5 years.

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

Earnings vs Industry: NBS had negative earnings growth (-87%) over the past year, making it difficult to compare to the Beverage industry average (19.7%).


Return on Equity

High ROE: NBS's Return on Equity (6.3%) is considered low.


Financial Health

How is Namibia Breweries's financial position?


Financial Position Analysis

Short Term Liabilities: NBS's short term assets (NAD1.4B) exceed its short term liabilities (NAD496.4M).

Long Term Liabilities: NBS's short term assets (NAD1.4B) exceed its long term liabilities (NAD798.2M).


Debt to Equity History and Analysis

Debt Level: NBS's debt to equity ratio (31.9%) is considered satisfactory.

Reducing Debt: NBS's debt to equity ratio has increased from 26.3% to 31.9% over the past 5 years.

Debt Coverage: NBS's debt is well covered by operating cash flow (154.7%).

Interest Coverage: NBS's interest payments on its debt are well covered by EBIT (15.7x coverage).


Balance Sheet


Dividend

What is Namibia Breweries's current dividend yield, its reliability and sustainability?

3.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NBS's dividend (3.29%) is higher than the bottom 25% of dividend payers in the NA market (3.28%).

High Dividend: NBS's dividend (3.29%) is low compared to the top 25% of dividend payers in the NA market (7.87%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (196.9%), NBS'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?

6.1yrs

Average board tenure


CEO

Marco Wenk (45 yo)

2.25yrs

Tenure

N$3,706,000

Compensation

Mr. Marco Wenk serves as Managing Director and Executive Director of Namibia Breweries Limited since July 1, 2019. Mr. Wenk has been with the O&L Group since 2000. In 2002, he was appointed as General Mana...


CEO Compensation Analysis

Compensation vs Market: Marco's total compensation ($USD254.48K) is below average for companies of similar size in the NA market ($USD722.67K).

Compensation vs Earnings: Insufficient data to compare Marco's compensation with company performance.


Board Members

Experienced Board: NBS's board of directors are considered experienced (6.1 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

Namibia Breweries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Namibia Breweries Limited
  • Ticker: NBS
  • Exchange: NMSE
  • Founded: 1920
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Market Cap: R7.047b
  • Shares outstanding: 206.53m
  • Website: https://www.nambrew.com

Number of Employees


Location

  • Namibia Breweries Limited
  • Iscor Street
  • Northern Industrial Area
  • Windhoek
  • Namibia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 17:04
End of Day Share Price2021/09/30 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.