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MUR

Murray & Roberts HoldingsJSE:MUR Stock Report

Market Cap

R5.3b

7D

-0.4%

1Y

56.6%

Updated

17 Oct, 2021

Data

Company Financials +
MUR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health2/6
Dividends0/6

MUR Overview

Murray & Roberts Holdings Limited operates as a multinational engineering and construction company.

Murray & Roberts Holdings Competitors

Wilson Bayly Holmes-Ovcon

JSE:WBO

R6.0b

Raubex Group

JSE:RBX

R6.0b

Aveng

JSE:AEG

R3.2b

Stefanutti Stocks Holdings

JSE:SSK

R76.9m

Price History & Performance

Summary of all time highs, changes and price drops for Murray & Roberts Holdings
Historical stock prices
Current Share PriceR13.55
52 Week HighR7.00
52 Week LowR14.30
Beta0.57
1 Month Change30.92%
3 Month Change41.44%
1 Year Change56.65%
3 Year Change-19.10%
5 Year Change36.04%
Change since IPO-30.87%

Recent News & Updates

Shareholder Returns

MURZA ConstructionZA Market
7D-0.4%-4.4%1.6%
1Y56.6%34.9%21.3%

Return vs Industry: MUR exceeded the ZA Construction industry which returned 34.9% over the past year.

Return vs Market: MUR exceeded the ZA Market which returned 21.3% over the past year.

Price Volatility

Is MUR's price volatile compared to industry and market?
MUR volatility
MUR Beta0.57
Industry Beta0.63
Market Beta1

Stable Share Price: MUR is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MUR's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19029,385Henry Laashttps://www.murrob.com

Murray & Roberts Holdings Limited operates as a multinational engineering and construction company. It operates through Power, Industrial & Water; Mining; and Energy, Resources & Infrastructure segments. The Power, Industrial & Water segment provides development, engineering, procurement, construction, operations, and maintenance solutions to the power, water, oil and gas, petrochemical, resources, industrial, and transmission and distribution markets primarily in South Africa and sub-Saharan Africa.

Murray & Roberts Holdings Fundamentals Summary

How do Murray & Roberts Holdings's earnings and revenue compare to its market cap?
MUR fundamental statistics
Market CapR5.31b
Earnings (TTM)R74.60m
Revenue (TTM)R21.88b

71.2x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MUR income statement (TTM)
RevenueR21.88b
Cost of RevenueR19.34b
Gross ProfitR2.54b
ExpensesR2.47b
EarningsR74.60m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin11.62%
Net Profit Margin0.34%
Debt/Equity Ratio48.0%

How did MUR perform over the long term?

See historical performance and comparison

Valuation

Is Murray & Roberts Holdings 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: MUR (ZAR13.55) is trading below our estimate of fair value (ZAR66.57)

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


Price To Earnings Ratio

PE vs Industry: MUR is poor value based on its PE Ratio (71.2x) compared to the African Construction industry average (14.5x).

PE vs Market: MUR is poor value based on its PE Ratio (71.2x) compared to the ZA market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: MUR is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: MUR's PB Ratio (1.1x) is in line with the ZA Construction industry average.


Future Growth

How is Murray & Roberts Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

71.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MUR's forecast earnings growth (71.1% per year) is above the savings rate (8.8%).

Earnings vs Market: MUR's earnings (71.1% per year) are forecast to grow faster than the ZA market (12.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if MUR's revenue is forecast to grow faster than the ZA market.

High Growth Revenue: Insufficient data to determine if MUR's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MUR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Murray & Roberts Holdings performed over the past 5 years?

-44.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MUR has high quality earnings.

Growing Profit Margin: MUR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MUR's earnings have declined by 44.2% per year over the past 5 years.

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

Earnings vs Industry: MUR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (-9.2%).


Return on Equity

High ROE: MUR's Return on Equity (1.8%) is considered low.


Financial Health

How is Murray & Roberts Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MUR's short term assets (ZAR12.6B) do not cover its short term liabilities (ZAR13.7B).

Long Term Liabilities: MUR's short term assets (ZAR12.6B) exceed its long term liabilities (ZAR1.0B).


Debt to Equity History and Analysis

Debt Level: MUR's debt to equity ratio (48%) is considered high.

Reducing Debt: MUR's debt to equity ratio has increased from 12.4% to 48% over the past 5 years.

Debt Coverage: MUR's debt is well covered by operating cash flow (101.1%).

Interest Coverage: MUR's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Dividend

What is Murray & Roberts Holdings's current dividend yield, its reliability and sustainability?

7.92%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MUR'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?

5.9yrs

Average management tenure


CEO

Henry Laas (61 yo)

10.25yrs

Tenure

R14,508,000

Compensation

Mr. Henry Johannes Laas, B.Eng Mining, MBA, has been the Group Chief Executive Officer of Murray & Roberts Holdings Ltd. since July 1, 2011 and also serves as its Managing Director. Mr. Laas is responsibl...


CEO Compensation Analysis

Compensation vs Market: Henry's total compensation ($USD992.17K) is above average for companies of similar size in the ZA market ($USD731.45K).

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


Leadership Team

Experienced Management: MUR's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: MUR's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MUR insiders have sold more shares than they have bought 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

Murray & Roberts Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Murray & Roberts Holdings Limited
  • Ticker: MUR
  • Exchange: JSE
  • Founded: 1902
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: R5.311b
  • Shares outstanding: 391.97m
  • Website: https://www.murrob.com

Number of Employees


Location

  • Murray & Roberts Holdings Limited
  • Douglas Roberts Centre
  • 22 Skeen Boulevard
  • Bedfordview
  • Gauteng
  • 2007
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 17:05
End of Day Share Price2021/10/15 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.