South Ocean Holdings Limited, an investment holding company, manufactures and distributes electric wires in South Africa.
South Ocean Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R1.06|
|52 Week High||R0.19|
|52 Week Low||R1.30|
|1 Month Change||8.16%|
|3 Month Change||21.84%|
|1 Year Change||307.69%|
|3 Year Change||165.00%|
|5 Year Change||96.30%|
|Change since IPO||-86.23%|
Recent News & Updates
South Ocean Holdings (JSE:SOH) Seems To Use Debt Quite Sensibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
South Ocean Holdings' (JSE:SOH) Earnings Are Weaker Than They Seem
Investors were disappointed with South Ocean Holdings Limited's ( JSE:SOH ) earnings, despite the strong profit...
South Ocean Holdings' (JSE:SOH) Returns On Capital Are Heading Higher
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
|SOH||ZA Electrical||ZA Market|
Return vs Industry: SOH exceeded the ZA Electrical industry which returned 5.8% over the past year.
Return vs Market: SOH exceeded the ZA Market which returned 21.2% over the past year.
Stable Share Price: SOH is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: SOH's weekly volatility has decreased from 23% to 15% over the past year, but is still higher than 75% of ZA stocks.
About the Company
South Ocean Holdings Limited, an investment holding company, manufactures and distributes electric wires in South Africa. The company operates through two segments, Electrical Cable Manufacturing, and Property Investments. It offers bare copper earth wires, general purpose house wires, flat-twin and earth cables, surface wiring, twin illumination cables, cabtyre, single core flex, solid panel wire, flex power, ripcord, mains cord, submersible pump cables, nitrile trailing cables, PVC nitrile welding cables, flame retardant armoured cables, low halogen armoured cables, armoured cables, single core double PVC cables, single core double PVC AWA PVC cables, aluminium conductors, aluminium conductor steel reinforced, low-voltage aerial bundle conductors, and conduit pipes.
South Ocean Holdings Fundamentals Summary
|SOH fundamental statistics|
Is SOH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SOH income statement (TTM)|
|Cost of Revenue||R2.04b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.35|
|Net Profit Margin||3.26%|
How did SOH perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Is South Ocean Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SOH (ZAR1.06) is trading above our estimate of fair value (ZAR0.21)
Significantly Below Fair Value: SOH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SOH is good value based on its PE Ratio (3x) compared to the African Electrical industry average (12.1x).
PE vs Market: SOH is good value based on its PE Ratio (3x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SOH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SOH is good value based on its PB Ratio (0.4x) compared to the XF Electrical industry average (1.1x).
How is South Ocean Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 South Ocean 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.
How has South Ocean Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOH has a high level of non-cash earnings.
Growing Profit Margin: SOH became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SOH has become profitable over the past 5 years, growing earnings by 47.2% per year.
Accelerating Growth: SOH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SOH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electrical industry (40%).
Return on Equity
High ROE: SOH's Return on Equity (13.5%) is considered low.
How is South Ocean Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: SOH's short term assets (ZAR716.2M) exceed its short term liabilities (ZAR357.7M).
Long Term Liabilities: SOH's short term assets (ZAR716.2M) exceed its long term liabilities (ZAR50.0M).
Debt to Equity History and Analysis
Debt Level: SOH's debt to equity ratio (26.2%) is considered satisfactory.
Reducing Debt: SOH's debt to equity ratio has reduced from 42.4% to 26.2% over the past 5 years.
Debt Coverage: SOH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SOH's interest payments on its debt are well covered by EBIT (12.1x coverage).
What is South Ocean Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SOH's dividend (2.83%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.05%).
High Dividend: SOH's dividend (2.83%) is low compared to the top 25% of dividend payers in the ZA market (8.04%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether SOH's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if SOH's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.6%), SOH's dividend payments are thoroughly 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andre Smith (55 yo)
Mr. Andre Smith serves as the Chief Executive Officer & Executive Director of South Ocean Holdings Limited since March 1, 2021. He is a mechanical engineer by training and has broad experience in all facet...
Experienced Management: SOH's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: SOH's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
South Ocean Holdings Limited's employee growth, exchange listings and data sources
- Name: South Ocean Holdings Limited
- Ticker: SOH
- Exchange: JSE
- Founded: 1989
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: R215.473m
- Shares outstanding: 203.28m
- Website: https://www.southoceanholdings.co.za
Number of Employees
- South Ocean Holdings Limited
- 16 Botha Street
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 17:04|
|End of Day Share Price||2021/10/14 00:00|
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.