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RBX

Raubex GroupJSE:RBX Stock Report

Market Cap

R6.2b

7D

3.8%

1Y

50.4%

Updated

25 Oct, 2021

Data

Company Financials +
RBX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance1/6
Financial Health6/6
Dividends2/6

RBX Overview

Raubex Group Limited operates in the construction industry in South Africa, Australia, rest of Africa, and internationally.

Raubex Group Competitors

Wilson Bayly Holmes-Ovcon

JSE:WBO

R5.8b

Murray & Roberts Holdings

JSE:MUR

R5.1b

Stefanutti Stocks Holdings

JSE:SSK

R78.6m

Afrimat

JSE:AFT

R7.1b

Price History & Performance

Summary of all time highs, changes and price drops for Raubex Group
Historical stock prices
Current Share PriceR34.25
52 Week HighR19.25
52 Week LowR37.42
Beta0.95
1 Month Change-6.78%
3 Month Change18.31%
1 Year Change50.42%
3 Year Change83.16%
5 Year Change36.29%
Change since IPO85.14%

Recent News & Updates

Shareholder Returns

RBXZA ConstructionZA Market
7D3.8%2.6%-0.03%
1Y50.4%42.0%19.0%

Return vs Industry: RBX exceeded the ZA Construction industry which returned 42% over the past year.

Return vs Market: RBX exceeded the ZA Market which returned 19% over the past year.

Price Volatility

Is RBX's price volatile compared to industry and market?
RBX volatility
RBX Beta0.95
Industry Beta0.63
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
19744,185Rudolf Fouriehttps://www.raubex.com

Raubex Group Limited operates in the construction industry in South Africa, Australia, rest of Africa, and internationally. The company operates through Materials, Roads and Earthworks, and Infrastructure segments. The Materials segment operates commercial quarry, which supplies aggregates; contract crushing; and materials handling and processing services for the mining industry.

Raubex Group Fundamentals Summary

How do Raubex Group's earnings and revenue compare to its market cap?
RBX fundamental statistics
Market CapR6.19b
Earnings (TTM)R158.14m
Revenue (TTM)R8.85b

39.2x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RBX income statement (TTM)
RevenueR8.85b
Cost of RevenueR7.84b
Gross ProfitR1.01b
ExpensesR852.40m
EarningsR158.14m

Last Reported Earnings

Feb 28, 2021

Next Earnings Date

Nov 08, 2021

Earnings per share (EPS)0.87
Gross Margin11.42%
Net Profit Margin1.79%
Debt/Equity Ratio17.4%

How did RBX perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

61%

Payout Ratio

Valuation

Is Raubex Group 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: RBX (ZAR34.25) is trading below our estimate of fair value (ZAR160.18)

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


Price To Earnings Ratio

PE vs Industry: RBX is poor value based on its PE Ratio (39.2x) compared to the African Construction industry average (15.1x).

PE vs Market: RBX is poor value based on its PE Ratio (39.2x) compared to the ZA market (11.3x).


Price to Earnings Growth Ratio

PEG Ratio: RBX is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: RBX is overvalued based on its PB Ratio (1.4x) compared to the ZA Construction industry average (1.1x).


Future Growth

How is Raubex Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

40.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBX's forecast earnings growth (40.9% per year) is above the savings rate (8.8%).

Earnings vs Market: RBX's earnings (40.9% per year) are forecast to grow faster than the ZA market (12.1% per year).

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

Revenue vs Market: RBX's revenue (21.5% per year) is forecast to grow faster than the ZA market (6.4% per year).

High Growth Revenue: RBX's revenue (21.5% per year) 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 RBX's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Raubex Group performed over the past 5 years?

-29.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBX has high quality earnings.

Growing Profit Margin: RBX's current net profit margins (1.8%) are lower than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: RBX's earnings have declined by 29.6% per year over the past 5 years.

Accelerating Growth: RBX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RBX had negative earnings growth (-37.2%) over the past year, making it difficult to compare to the Construction industry average (-9.2%).


Return on Equity

High ROE: RBX's Return on Equity (4.3%) is considered low.


Financial Health

How is Raubex Group's financial position?


Financial Position Analysis

Short Term Liabilities: RBX's short term assets (ZAR4.3B) exceed its short term liabilities (ZAR2.6B).

Long Term Liabilities: RBX's short term assets (ZAR4.3B) exceed its long term liabilities (ZAR1.2B).


Debt to Equity History and Analysis

Debt Level: RBX's debt to equity ratio (17.4%) is considered satisfactory.

Reducing Debt: RBX's debt to equity ratio has reduced from 28.5% to 17.4% over the past 5 years.

Debt Coverage: RBX's debt is well covered by operating cash flow (137.7%).

Interest Coverage: RBX's interest payments on its debt are well covered by EBIT (84.3x coverage).


Balance Sheet


Dividend

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

1.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RBX's dividend (1.69%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.14%).

High Dividend: RBX's dividend (1.69%) is low compared to the top 25% of dividend payers in the ZA market (7.52%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.6%), RBX's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RBX's dividends in 3 years are forecast to be well covered by earnings (33.3% payout ratio).


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Rudolf Fourie (55 yo)

11.58yrs

Tenure

R10,882,000

Compensation

Mr. Rudolf Johannes Fourie, N.Dip., Marketing Management., has been the Chief Executive Officer of Raubex Group Limited since March 1, 2010 and has been its Executive Director since October 2, 2009. Mr. Fo...


CEO Compensation Analysis

Compensation vs Market: Rudolf's total compensation ($USD739.77K) is about average for companies of similar size in the ZA market ($USD723.41K).

Compensation vs Earnings: Rudolf's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: RBX's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: RBX's board of directors are considered experienced (7.5 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Raubex Group Limited
  • Ticker: RBX
  • Exchange: JSE
  • Founded: 1974
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: R6.194b
  • Shares outstanding: 180.84m
  • Website: https://www.raubex.com

Number of Employees


Location

  • Raubex Group Limited
  • Kenneth Kaunda Road Extension
  • Noordstad
  • Bloemfontein
  • Free State
  • 9300
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:40
End of Day Share Price2021/10/25 00:00
Earnings2021/02/28
Annual Earnings2021/02/28


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.