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ORY

Oryx PropertiesNMSE:ORY Stock Report

Market Cap

R991.7m

7D

-0.4%

1Y

-33.1%

Updated

13 Oct, 2021

Data

Company Financials
ORY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health0/6
Dividends1/6

ORY Overview

Oryx Properties Limited is a real estate investment trust managed by Oryx Management Services (Pty) Ltd.

Oryx Properties Competitors

Stor-Age Property REIT

JSE:SSS

R6.0b

New African Properties

BSM:NAP

P2.0b

Tradehold

JSE:TDH

R2.4b

Fairvest Property Holdings

JSE:FVT

R2.0b

Price History & Performance

Summary of all time highs, changes and price drops for Oryx Properties
Historical stock prices
Current Share PriceR11.35
52 Week HighR10.00
52 Week LowR16.96
Beta-0.12
1 Month Change-0.44%
3 Month Change-0.79%
1 Year Change-33.12%
3 Year Change-43.67%
5 Year Change-46.86%
Change since IPO111.56%

Recent News & Updates

Shareholder Returns

ORYNA REITsNA Market
7D-0.4%0.5%-1.0%
1Y-33.1%38.9%-1.9%

Return vs Industry: ORY underperformed the NA REITs industry which returned 38.7% over the past year.

Return vs Market: ORY underperformed the NA Market which returned -1.8% over the past year.

Price Volatility

Is ORY's price volatile compared to industry and market?
ORY volatility
ORY Beta-0.12
Industry Beta0.89
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
n/an/aBen Joostehttps://www.oryxprop.com

Oryx Properties Limited is a real estate investment trust managed by Oryx Management Services (Pty) Ltd. The fund acquires, maintain, and manage an investment portfolio of properties. It invests in high quality retail, industrial, and commercial properties located mainly in the major metropolitan areas of Namibia.

Oryx Properties Fundamentals Summary

How do Oryx Properties's earnings and revenue compare to its market cap?
ORY fundamental statistics
Market CapN$994.20m
Earnings (TTM)N$97.17m
Revenue (TTM)N$336.48m

10.2x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ORY income statement (TTM)
RevenueN$336.48m
Cost of RevenueN$108.97m
Gross ProfitN$227.51m
ExpensesN$130.35m
EarningsN$97.17m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.11
Gross Margin67.62%
Net Profit Margin28.88%
Debt/Equity Ratio66.7%

How did ORY perform over the long term?

See historical performance and comparison

Dividends

7.6%

Current Dividend Yield

102%

Payout Ratio

Valuation

Is Oryx Properties undervalued compared to its fair value and its price relative to the market?

24.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ORY (ZAR11.35) is trading below our estimate of fair value (ZAR14.94)

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


Price To Earnings Ratio

PE vs Industry: ORY is poor value based on its PE Ratio (10.2x) compared to the African REITs industry average (9.9x).

PE vs Market: ORY is poor value based on its PE Ratio (10.2x) compared to the NA market (7.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ORY's PB Ratio (0.5x) is in line with the XF REITs industry average.


Future Growth

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

12.0%

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 Oryx Properties 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 Oryx Properties performed over the past 5 years?

-20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ORY has a large one-off loss of NAD87.7M impacting its June 30 2021 financial results.

Growing Profit Margin: ORY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ORY's earnings have declined by 20.7% per year over the past 5 years.

Accelerating Growth: ORY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ORY has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (2.5%).


Return on Equity

High ROE: ORY's Return on Equity (5.3%) is considered low.


Financial Health

How is Oryx Properties's financial position?


Financial Position Analysis

Short Term Liabilities: ORY's short term assets (NAD39.0M) do not cover its short term liabilities (NAD171.6M).

Long Term Liabilities: ORY's short term assets (NAD39.0M) do not cover its long term liabilities (NAD1.2B).


Debt to Equity History and Analysis

Debt Level: ORY's debt to equity ratio (66.7%) is considered high.

Reducing Debt: ORY's debt to equity ratio has increased from 44.1% to 66.7% over the past 5 years.

Debt Coverage: ORY's debt is not well covered by operating cash flow (8.8%).

Interest Coverage: ORY's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Dividend

What is Oryx Properties's current dividend yield, its reliability and sustainability?

7.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ORY's dividend (7.6%) is higher than the bottom 25% of dividend payers in the NA market (3.28%).

High Dividend: ORY's dividend (7.6%) is low compared to the top 25% of dividend payers in the NA market (7.62%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (102.2%), ORY'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?

3.5yrs

Average board tenure


CEO

Ben Jooste (42 yo)

3.5yrs

Tenure

N$3,670,000

Compensation

Mr. Ben Jooste is an Executive Director and Chief Executive Officer of Oryx Properties Ltd., since April 1, 2018. Mr. Jooste holds an MBA in business administration at London Westminster Business School.


CEO Compensation Analysis

Compensation vs Market: Ben's total compensation ($USD246.87K) is about average for companies of similar size in the NA market ($USD262.35K).

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


Board Members

Experienced Board: ORY's board of directors are considered experienced (3.5 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

Oryx Properties Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Oryx Properties Limited
  • Ticker: ORY
  • Exchange: NMSE
  • Founded: NaN
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: R991.750m
  • Shares outstanding: 87.38m
  • Website: https://www.oryxprop.com

Number of Employees


Location

  • Oryx Properties Limited
  • Maerua Mall Office Tower
  • Second Floor
  • Windhoek
  • Namibia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/13 17:04
End of Day Share Price2021/10/12 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.