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ENX

enX GroupJSE:ENX Stock Report

Market Cap

R1.3b

7D

6.0%

1Y

61.8%

Updated

26 Oct, 2021

Data

Company Financials
ENX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ENX Overview

enX Group Limited, together with its subsidiaries, provides industrial, petrochemical, and fleet management and logistics products and related services primarily to industrial and commercial sectors.

Price History & Performance

Summary of all time highs, changes and price drops for enX Group
Historical stock prices
Current Share PriceR6.94
52 Week HighR3.50
52 Week LowR7.00
Beta0.15
1 Month Change20.07%
3 Month Change20.70%
1 Year Change61.77%
3 Year Change-46.62%
5 Year Change-62.49%
Change since IPO-64.15%

Recent News & Updates

Shareholder Returns

ENXZA Trade DistributorsZA Market
7D6.0%1.2%0.1%
1Y61.8%92.6%21.6%

Return vs Industry: ENX underperformed the ZA Trade Distributors industry which returned 88.8% over the past year.

Return vs Market: ENX exceeded the ZA Market which returned 19.5% over the past year.

Price Volatility

Is ENX's price volatile compared to industry and market?
ENX volatility
ENX Beta0.15
Industry Beta0.79
Market Beta1

Stable Share Price: ENX is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ENX's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20071,863Andrew Hanningtonhttps://www.enxgroup.co.za

enX Group Limited, together with its subsidiaries, provides industrial, petrochemical, and fleet management and logistics products and related services primarily to industrial and commercial sectors. The company operates through enX Equipment, enX Fleet, and enX Petrochemicals segments. The enX Equipment segment provides distribution, rental, and value added services for industrial and materials handling equipment; manufactures, installs, and maintains diesel generators, and distributes various industrial and marine engines, as well as provides temporary power; and distributes professional woodworking equipment, and tooling and edging products, as well as provides associated services, such as blade sharpening and equipment maintenance services.

enX Group Fundamentals Summary

How do enX Group's earnings and revenue compare to its market cap?
ENX fundamental statistics
Market CapR1.26b
Earnings (TTM)-R714.45m
Revenue (TTM)R7.26b

0.2x

P/S Ratio

-1.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENX income statement (TTM)
RevenueR7.26b
Cost of RevenueR5.50b
Gross ProfitR1.76b
ExpensesR2.47b
Earnings-R714.45m

Last Reported Earnings

Feb 28, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-3.94
Gross Margin24.18%
Net Profit Margin-9.84%
Debt/Equity Ratio142.9%

How did ENX perform over the long term?

See historical performance and comparison

Valuation

Is enX Group undervalued compared to its fair value and its price relative to the market?

0.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ENX (ZAR6.94) is trading above our estimate of fair value (ZAR5.45)

Significantly Below Fair Value: ENX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ENX is unprofitable, so we can't compare its PE Ratio to the ZA Trade Distributors industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ENX is good value based on its PB Ratio (0.5x) compared to the ZA Trade Distributors industry average (0.8x).


Future Growth

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

10.6%

Forecasted Capital Goods 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 enX Group 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 enX Group performed over the past 5 years?

-18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENX is currently unprofitable.

Growing Profit Margin: ENX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ENX is unprofitable, and losses have increased over the past 5 years at a rate of 18.6% per year.

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

Earnings vs Industry: ENX is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (42.8%).


Return on Equity

High ROE: ENX has a negative Return on Equity (-28%), as it is currently unprofitable.


Financial Health

How is enX Group's financial position?


Financial Position Analysis

Short Term Liabilities: ENX's short term assets (ZAR4.1B) exceed its short term liabilities (ZAR3.2B).

Long Term Liabilities: ENX's short term assets (ZAR4.1B) exceed its long term liabilities (ZAR3.7B).


Debt to Equity History and Analysis

Debt Level: ENX's debt to equity ratio (142.9%) is considered high.

Reducing Debt: ENX's debt to equity ratio has increased from 3.4% to 142.9% 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: Whilst unprofitable ENX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ENX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16.7% per year.


Dividend

What is enX Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ENX'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 ENX's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: ENX is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

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


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Andrew Hannington (64 yo)

1.17yrs

Tenure

Mr. Andrew James Hannington, CA(SA), B.Com (Hons), CTA, has been Chief Executive Officer of enX Group Limited since August 13, 2020. Mr. Hannington has been Independent Non-Executive Director at Texton Pro...


Leadership Team

Experienced Management: ENX's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: ENX's board of directors are not considered experienced ( 1.3 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

enX Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: enX Group Limited
  • Ticker: ENX
  • Exchange: JSE
  • Founded: 2007
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: R1.259b
  • Shares outstanding: 181.34m
  • Website: https://www.enxgroup.co.za

Number of Employees


Location

  • enX Group Limited
  • 11 Gross Street
  • Tunney Industrial
  • Johannesburg
  • Gauteng
  • 1600
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:20
End of Day Share Price2021/10/26 00:00
Earnings2021/02/28
Annual Earnings2020/08/31


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.