Loading...

TheR Group

OTCPK:SGPP.F
Snowflake Description

6 star dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SGPP.F
OTCPK
ZAR36B
Market Cap
  1. Home
  2. US
  3. Consumer Retailing
Company description

The SPAR Group Ltd engages in the wholesale and distribution of goods and services to SPAR grocery stores, build it builders’ merchandise outlets, SPAR liquor stores, and other retail outlets in Southern Africa, Switzerland, Ireland, and South West England. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
SGPP.F Share Price and Events
7 Day Returns
0%
OTCPK:SGPP.F
3.4%
US Consumer Retailing
1.5%
US Market
1 Year Returns
-
OTCPK:SGPP.F
17.6%
US Consumer Retailing
1%
US Market
SGPP.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TheR Group (SGPP.F) 0% 0% - - 7.2% 11.5%
US Consumer Retailing 3.4% 5.8% 6.9% 17.6% 27.3% 35.4%
US Market 1.5% 1% 1.4% 1% 37.6% 38.1%
1 Year Return vs Industry and Market
  • No trading data on SGPP.F.
  • No trading data on SGPP.F.
Price Volatility
SGPP.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for TheR Group's competitors could be found in our database.

Value

 Is TheR Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TheR Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TheR Group.

OTCPK:SGPP.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SGPP.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.468 (1 + (1- 28%) (17.29%))
0.682
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:SGPP.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TheR Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SGPP.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 7.5%)
2019 1,691.00 Analyst x1 1,573.05
2020 1,879.00 Analyst x1 1,626.02
2021 1,953.00 Analyst x1 1,572.18
2022 1,792.30 Est @ -8.23% 1,342.18
2023 1,703.75 Est @ -4.94% 1,186.87
2024 1,658.78 Est @ -2.64% 1,074.94
2025 1,641.71 Est @ -1.03% 989.68
2026 1,643.34 Est @ 0.1% 921.56
2027 1,657.94 Est @ 0.89% 864.90
2028 1,681.82 Est @ 1.44% 816.16
Present value of next 10 years cash flows ZAR11,967.54
OTCPK:SGPP.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ZAR1,681.82 × (1 + 2.73%) ÷ (7.5% – 2.73%)
ZAR36,236.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR36,236.09 ÷ (1 + 7.5%)10
ZAR17,584.80
OTCPK:SGPP.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR11,967.54 + ZAR17,584.80
ZAR29,552.35
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR29,552.35 / 188.99
ZAR156.37
OTCPK:SGPP.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SGPP.F represents 0.07263x of JSE:SPP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.07263x
Value per Share
(Listing Adjusted, USD)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 156.37 x 0.07263
$11.36
Value per share (USD) From above. $11.36
Current discount Discount to share price of $13.80
= -1 x ($13.80 - $11.36) / $11.36
-21.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of TheR Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TheR Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TheR Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SGPP.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in ZAR ZAR9.34
JSE:SPP Share Price ** JSE (2019-05-15) in ZAR ZAR190
United States of America Consumer Retailing Industry PE Ratio Median Figure of 22 Publicly-Listed Consumer Retailing Companies 20.17x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TheR Group.

OTCPK:SGPP.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:SPP Share Price ÷ EPS (both in ZAR)

= 190 ÷ 9.34

20.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TheR Group is overvalued based on earnings compared to the US Consumer Retailing industry average.
  • TheR Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does TheR Group's expected growth come at a high price?
Raw Data
OTCPK:SGPP.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
12.1%per year
United States of America Consumer Retailing Industry PEG Ratio Median Figure of 14 Publicly-Listed Consumer Retailing Companies 2.82x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

OTCPK:SGPP.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.34x ÷ 12.1%

1.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TheR Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TheR Group's assets?
Raw Data
OTCPK:SGPP.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in ZAR ZAR36.63
JSE:SPP Share Price * JSE (2019-05-15) in ZAR ZAR190
United States of America Consumer Retailing Industry PB Ratio Median Figure of 30 Publicly-Listed Consumer Retailing Companies 2.32x
United States of America Market PB Ratio Median Figure of 5,242 Publicly-Listed Companies 1.8x
OTCPK:SGPP.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:SPP Share Price ÷ Book Value per Share (both in ZAR)

= 190 ÷ 36.63

5.19x

* Primary Listing of TheR Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TheR Group is overvalued based on assets compared to the US Consumer Retailing industry average.
X
Value checks
We assess TheR Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. TheR Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TheR Group expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TheR Group expected to grow at an attractive rate?
  • TheR Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • TheR Group's earnings growth is positive but not above the United States of America market average.
  • TheR Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SGPP.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SGPP.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 12.1%
OTCPK:SGPP.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 5.9%
United States of America Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 5.4%
United States of America Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SGPP.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SGPP.F Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 122,334 3,149 2,655 9
2020-09-30 115,246 2,998 2,406 10
2019-09-30 109,031 2,757 2,159 10
OTCPK:SGPP.F Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-03-31 105,310 4,000 1,799
2018-12-31 103,164 3,667 1,813
2018-09-30 101,018 3,334 1,827
2018-06-30 99,487 2,938 1,885
2018-03-31 98,001 2,542 1,942
2017-12-31 96,687 2,602 1,881
2017-09-30 95,373 2,663 1,821
2017-06-30 95,723 2,712 1,859
2017-03-31 95,986 2,760 1,898
2016-12-31 93,337 2,730 1,856
2016-09-30 90,689 2,700 1,815
2016-06-30 84,990 2,430 1,639

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TheR Group's earnings are expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
  • TheR Group's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SGPP.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from TheR Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SGPP.F Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 13.59 14.42 12.96 6.00
2020-09-30 12.35 12.83 11.86 7.00
2019-09-30 11.13 11.49 10.60 6.00
OTCPK:SGPP.F Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-03-31 9.34
2018-12-31 9.42
2018-09-30 9.49
2018-06-30 9.79
2018-03-31 10.08
2017-12-31 9.77
2017-09-30 9.45
2017-06-30 9.73
2017-03-31 10.02
2016-12-31 10.06
2016-09-30 10.10
2016-06-30 9.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TheR Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess TheR Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TheR Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TheR Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TheR Group's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TheR Group's year on year earnings growth rate has been positive over the past 5 years.
  • TheR Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TheR Group's 1-year earnings growth is negative, it can't be compared to the US Consumer Retailing industry average.
Earnings and Revenue History
TheR Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TheR Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SGPP.F Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 105,309.70 1,799.00 10,401.80
2018-12-31 103,163.85 1,813.10 10,201.80
2018-09-30 101,018.00 1,827.20 10,001.80
2018-06-30 99,487.05 1,885.45 10,189.85
2018-03-31 98,001.20 1,942.00 10,026.60
2017-12-31 96,687.15 1,881.30 9,747.80
2017-09-30 95,373.10 1,820.60 9,469.00
2017-06-30 95,723.30 1,858.85 8,828.45
2017-03-31 95,985.50 1,897.60 8,896.30
2016-12-31 93,337.00 1,856.30 8,127.30
2016-09-30 90,688.50 1,815.00 7,358.30
2016-06-30 84,989.65 1,638.85 6,358.20
2016-03-31 79,290.80 1,462.70 5,358.10
2015-12-31 76,274.80 1,441.80 5,115.35
2015-09-30 73,258.80 1,420.90 4,872.60
2015-06-30 69,080.20 1,453.30 4,495.30
2015-03-31 64,901.60 1,485.70 4,118.00
2014-12-31 59,692.30 1,415.35 3,641.55
2014-09-30 54,483.00 1,345.00 3,165.10
2014-06-30 52,044.90 1,293.80 2,928.85
2014-03-31 49,606.80 1,242.60 2,692.60
2013-12-31 48,701.30 1,214.95 2,631.45
2013-09-30 47,795.80 1,187.30 2,570.30
2013-06-30 46,315.15 1,155.80 2,516.40
2013-03-31 45,243.00 1,122.70 2,464.70
2012-12-31 44,204.50 1,090.80 2,390.20
2012-09-30 43,166.00 1,058.90 2,315.70
2012-06-30 42,113.75 1,028.05 2,248.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TheR Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • TheR Group used its assets less efficiently than the US Consumer Retailing industry average last year based on Return on Assets.
  • TheR Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TheR Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TheR Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TheR Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TheR Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TheR Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TheR Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TheR Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TheR Group Company Filings, last reported 2 months ago.

OTCPK:SGPP.F Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 7,052.30 6,208.70 1,170.90
2018-12-31 7,052.30 6,208.70 1,170.90
2018-09-30 7,109.80 5,204.70 1,607.20
2018-06-30 7,109.80 5,204.70 1,607.20
2018-03-31 6,421.40 5,879.20 1,144.00
2017-12-31 6,421.40 5,879.20 1,144.00
2017-09-30 6,560.40 5,574.10 1,740.70
2017-06-30 6,575.00 4,793.30 1,740.70
2017-03-31 5,787.20 5,525.70 1,006.40
2016-12-31 5,787.20 5,525.70 1,006.40
2016-09-30 5,642.90 4,937.30 2,040.00
2016-06-30 5,642.90 4,937.30 2,040.00
2016-03-31 3,465.70 4,542.40 461.10
2015-12-31 3,465.70 4,542.40 461.10
2015-09-30 3,328.40 2,974.20 481.30
2015-06-30 3,328.40 2,974.20 481.30
2015-03-31 3,151.90 3,764.60 353.10
2014-12-31 3,151.90 3,764.60 353.10
2014-09-30 3,026.50 2,931.00 436.20
2014-06-30 3,026.50 2,931.00 436.20
2014-03-31 3,242.40 1,147.30 159.60
2013-12-31 3,242.40 1,147.30 159.60
2013-09-30 3,175.60 110.90 112.20
2013-06-30 3,177.70 110.90 112.20
2013-03-31 2,883.40 0.00 253.10
2012-12-31 2,883.40 0.00 253.10
2012-09-30 2,837.60 0.00 841.60
2012-06-30 2,837.60 0.00 841.60
  • TheR Group's level of debt (83.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36% vs 83.6% today).
  • Debt is well covered by operating cash flow (67.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 162.7x coverage).
X
Financial health checks
We assess TheR Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TheR Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TheR Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.84%
Current annual income from TheR Group dividends. Estimated to be 4.57% next year.
If you bought $2,000 of TheR Group shares you are expected to receive $77 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TheR Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • TheR Group's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SGPP.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:SGPP.F Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 9.58 9.00
2020-09-30 8.66 10.00
2019-09-30 7.90 10.00
OTCPK:SGPP.F Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2018-12-20 7.290 3.703
2018-11-14 7.290 3.818
2017-12-22 6.750 3.483
2017-11-15 6.750 3.532
2017-05-31 6.500 3.955
2016-12-22 6.650 3.642
2016-11-16 6.650 3.516
2016-01-18 6.320 3.243
2015-11-11 6.320 3.464
2015-05-20 5.840 3.069
2014-12-29 5.400 2.972
2014-11-12 5.400 3.504
2014-05-22 5.010 3.939
2013-11-13 4.850 3.953
2013-05-15 4.540 3.835
2012-11-14 4.300 3.630
2011-11-09 3.770 3.264
2011-11-08 3.770 3.808
2010-11-17 3.620 3.844
2010-11-16 3.620 3.658
2009-11-11 3.220 4.141

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of TheR Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess TheR Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TheR Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TheR Group has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TheR Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Graham O’Connor
COMPENSATION ZAR11,379,000
AGE 62
TENURE AS CEO 5.4 years
CEO Bio

Mr. Graham Owen O’Connor, B.com, CA (SA), has been the Group Chief Executive Officer of the SPAR Group Limited since January 31, 2014. He joined the SPAR Group Limited in 1986. Mr. O’Connor is a Partner in five SPAR stores. Mr. O’Connor served as the Divisional Managing Director of SPAR’s KZN Division in 1987. Mr. O’Connor has been an Executive Director of the SPAR Group Ltd., since February 2014 and joined The SPAR Group in 1986. Mr. O’Connor served as Group Accountant in 1986.

CEO Compensation
  • Graham's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Graham's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the TheR Group management team in years:

11.6
Average Tenure
56
Average Age
  • The average tenure for the TheR Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Graham O’Connor

TITLE
Group CEO & Executive Director
COMPENSATION
ZAR11M
AGE
62
TENURE
5.4 yrs

Mark Godfrey

TITLE
Group Financial Director & Executive Director
COMPENSATION
ZAR10M
AGE
53
TENURE
9.4 yrs

Roelf Venter

TITLE
Group Retail Operations Director & Executive Director
COMPENSATION
ZAR10M
AGE
60

Wayne Hook

TITLE
MD of Build IT Division & Executive Director
COMPENSATION
ZAR20M
AGE
62
TENURE
5.4 yrs

Enno Stelma

TITLE
Group IT Executive
AGE
56
TENURE
20.4 yrs

Mike Prentice

TITLE
Group Marketing Executive
AGE
50
TENURE
12.4 yrs

Thuli Tabudi

TITLE
Group Human Resources Executive
AGE
49
TENURE
11.6 yrs

Brett Botten

TITLE
Managing Director of SPAR South Rand Division
AGE
53
TENURE
9.4 yrs

Conrad Isaac

TITLE
Managing Director of SPAR Eastern Cape Division
AGE
56
TENURE
13.4 yrs

Rob De Vos

TITLE
Managing Director of Retail Division
AGE
56
TENURE
12.4 yrs
Board of Directors Tenure

Average tenure and age of the TheR Group board of directors in years:

12.3
Average Tenure
61
Average Age
  • The average tenure for the TheR Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mike Hankinson

TITLE
Independent Non-Executive Chairman
COMPENSATION
ZAR1M
AGE
69

Graham O’Connor

TITLE
Group CEO & Executive Director
COMPENSATION
ZAR11M
AGE
62
TENURE
5.3 yrs

Mark Godfrey

TITLE
Group Financial Director & Executive Director
COMPENSATION
ZAR10M
AGE
53
TENURE
8.7 yrs

Roelf Venter

TITLE
Group Retail Operations Director & Executive Director
COMPENSATION
ZAR10M
AGE
60
TENURE
12.3 yrs

Wayne Hook

TITLE
MD of Build IT Division & Executive Director
COMPENSATION
ZAR20M
AGE
62
TENURE
12.7 yrs

Rob Philipson

TITLE
CEO of SPAR Switzerland & Chairman of SPAR Sri Lanka
AGE
49

Leo Crawford

TITLE
Group Chief Executive of BWG Group & Chairman: SPAR Ireland
AGE
59

Harish Mehta

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR805K
AGE
68
TENURE
14.7 yrs

Phumla Mnganga

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR704K
AGE
50
TENURE
13.4 yrs

Chris Wells

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR952K
AGE
69
TENURE
8.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Mar 19 Buy Spar Group Ltd., ESOP Company 08. Mar 19 13. Mar 19 30,000 $13.92 $415,803
21. Jan 19 Buy Spar Group Ltd., ESOP Company 15. Jan 19 18. Jan 19 20,000 $15.33 $299,594
21. Nov 18 Buy Graham O’Connor Individual 20. Nov 18 20. Nov 18 20,762 $12.63 $259,610
21. Nov 18 Buy Spar Group Ltd., ESOP Company 15. Nov 18 19. Nov 18 54,200 $13.05 $698,747
02. Oct 18 Buy Spar Group Ltd., ESOP Company 28. Sep 18 28. Sep 18 15,000 $13.17 $195,848
28. Sep 18 Buy Spar Group Ltd., ESOP Company 21. Sep 18 27. Sep 18 45,000 $13.39 $590,894
21. Sep 18 Buy Spar Group Ltd., ESOP Company 17. Sep 18 20. Sep 18 40,000 $13.23 $517,379
21. Sep 18 Sell Wayne Hook Individual 19. Sep 18 20. Sep 18 -55,996 $13.11 $-730,493
17. Sep 18 Buy Spar Group Ltd., ESOP Company 11. Sep 18 14. Sep 18 50,000 $13.11 $641,202
11. Sep 18 Buy Spar Group Ltd., ESOP Company 05. Sep 18 10. Sep 18 30,000 $12.97 $384,191
30. Aug 18 Buy Spar Group Ltd., ESOP Company 28. Aug 18 28. Aug 18 40,000 $14.62 $584,800
X
Management checks
We assess TheR Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TheR Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

The SPAR Group Ltd engages in the wholesale and distribution of goods and services to SPAR grocery stores, build it builders’ merchandise outlets, SPAR liquor stores, and other retail outlets in Southern Africa, Switzerland, Ireland, and South West England. The company offers food and non-food products under the SPAR brand; cookware, kitchen utensils, appliances, bathroom linens, and accessories under the SPAR Good Living brand; produce and bakery products under the SPAR Freshline brand; pork, lamb, beef, and chicken meat under the SPAR Tender and Tasty brand; medicines and products under the Pharmacy at SPAR brand; and real value for money under the SaveMor brand. It operates 10 distribution centers. The SPAR Group Ltd is based in Pinetown, South Africa.

Details
Name: The SPAR Group Ltd
SGPP.F
Exchange: OTCPK
Founded:
ZAR2,428,149,534
188,994,380
Website: http://www.spar.co.za
Address: The SPAR Group Ltd
22 Chancery Lane,
PO Box 1589,
Pinetown,
KwaZulu-Natal, 3600,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE SPP Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 18. Oct 2004
OTCPK SGPP.F Ordinary Shares Pink Sheets LLC US USD 18. Oct 2004
Number of employees
Current staff
Staff numbers
0
TheR Group employees.
Industry
Food Distributors
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/14 23:54
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.