| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
SFN Overview
Sasfin Holdings Limited operates as a bank controlling company that provides various financial products and services primarily in South Africa.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R27.26 |
| 52 Week High | R15.20 |
| 52 Week Low | R30.00 |
| Beta | 0.72 |
| 1 Month Change | -5.94% |
| 3 Month Change | 3.69% |
| 1 Year Change | 67.55% |
| 3 Year Change | -9.13% |
| 5 Year Change | -58.69% |
| Change since IPO | 2,080.80% |
Recent News & Updates
Our View On Sasfin Holdings' (JSE:SFN) CEO Pay
This article will reflect on the compensation paid to Michael E. Sassoon who has served as CEO of Sasfin Holdings...
Shareholder Returns
| SFN | ZA Banks | ZA Market | |
|---|---|---|---|
| 7D | 3.7% | 0.07% | -0.03% |
| 1Y | 67.5% | 30.6% | 19.0% |
Return vs Industry: SFN exceeded the ZA Banks industry which returned 30.6% over the past year.
Return vs Market: SFN exceeded the ZA Market which returned 19% over the past year.
Price Volatility
| SFN volatility | |
|---|---|
| SFN Beta | 0.72 |
| Industry Beta | 0.91 |
| Market Beta | 1 |
Stable Share Price: SFN is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: SFN's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of ZA stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1951 | n/a | Michael E. Sassoon | https://www.sasfin.com |
Sasfin Holdings Limited operates as a bank controlling company that provides various financial products and services primarily in South Africa. The company offers business banking, transactional banking, and treasury services. It also provides digital banking and business management tools; and direct feed integration, forex, debt capital market, and equipment finance services, as well as investment, and business and personal accounts; and forex risk solutions.
Sasfin Holdings Fundamentals Summary
| SFN fundamental statistics | |
|---|---|
| Market Cap | R838.87m |
| Earnings (TTM) | R77.64m |
| Revenue (TTM) | R1.10b |
10.8x
P/E Ratio0.5x
P/B RatioIs SFN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SFN income statement (TTM) | |
|---|---|
| Revenue | R1.10b |
| Cost of Revenue | R0 |
| Gross Profit | R1.10b |
| Expenses | R1.02b |
| Earnings | R77.64m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.52 |
| Gross Margin | 100.00% |
| Net Profit Margin | 7.05% |
| Debt/Equity Ratio | 261.7% |
How did SFN perform over the long term?
See historical performance and comparisonDividends
4.8%
Current Dividend Yield54%
Payout RatioValuation
Is Sasfin Holdings undervalued compared to its fair value and its price relative to the market?
10.8x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SFN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SFN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SFN is good value based on its PE Ratio (10.8x) compared to the ZA Banks industry average (10.9x).
PE vs Market: SFN is good value based on its PE Ratio (10.8x) compared to the ZA market (11.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SFN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SFN is good value based on its PB Ratio (0.5x) compared to the ZA Banks industry average (0.9x).
Future Growth
How is Sasfin Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.4%
Forecasted Banks 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 Sasfin Holdings 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 Sasfin Holdings performed over the past 5 years?
-37.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SFN has a large one-off loss of ZAR44.3M impacting its June 30 2021 financial results.
Growing Profit Margin: SFN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SFN's earnings have declined by 37.4% per year over the past 5 years.
Accelerating Growth: SFN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SFN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (24.9%).
Return on Equity
High ROE: SFN's Return on Equity (4.8%) is considered low.
Financial Health
How is Sasfin Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: SFN's Assets to Equity ratio (7.6x) is low.
Allowance for Bad Loans: SFN has a low allowance for bad loans (88%).
Low Risk Liabilities: 55% of SFN's liabilities are made up of primarily higher risk sources of funding.
Loan Level: SFN has an appropriate level of Loans to Assets ratio (55%).
Low Risk Deposits: SFN's Loans to Deposits ratio (142%) is high.
Level of Bad Loans: SFN has a high level of bad loans (7.3%).
Dividend
What is Sasfin Holdings's current dividend yield, its reliability and sustainability?
4.81%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SFN's dividend (4.81%) is higher than the bottom 25% of dividend payers in the ZA market (3.14%).
High Dividend: SFN's dividend (4.81%) is low compared to the top 25% of dividend payers in the ZA market (7.52%).
Stability and Growth of Payments
Stable Dividend: SFN's dividend payments have been volatile in the past 10 years.
Growing Dividend: SFN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.3%), SFN's dividend payments are 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?
4.1yrs
Average management tenure
CEO
Michael E. Sassoon (39 yo)
3.75yrs
Tenure
R4,739,812
Compensation
Mr. Michael E. E. Sassoon, (BCom), MBA, has been Group Chief Executive Officer of Sasfin Holdings Limited since January 1, 2018 and its Executive Director since October 23, 2015. Mr. Sassoon is Co-Owner of...
CEO Compensation Analysis
Compensation vs Market: Michael E.'s total compensation ($USD322.22K) is about average for companies of similar size in the ZA market ($USD278.61K).
Compensation vs Earnings: Michael E.'s compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: SFN's management team is considered experienced (4.1 years average tenure).
Board Members
Experienced Board: SFN's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Sasfin Holdings Limited's employee growth, exchange listings and data sources
Key Information
- Name: Sasfin Holdings Limited
- Ticker: SFN
- Exchange: JSE
- Founded: 1951
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: R838.868m
- Shares outstanding: 30.77m
- Website: https://www.sasfin.com
Number of Employees
Location
- Sasfin Holdings Limited
- 29 Scott Street
- Waverley
- Johannesburg
- Gauteng
- 2090
- South Africa
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 21:36 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.