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SNH

Steinhoff International HoldingsJSE:SNH Stock Report

Market Cap

R10.2b

7D

-3.2%

1Y

190.4%

Updated

25 Oct, 2021

Data

Company Financials
SNH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

SNH Overview

Steinhoff International Holdings N.V. engages in retailing activities in Australasia, Poland, Rest of Africa, Rest of Europe, South Africa, and the United Kingdom.

Price History & Performance

Summary of all time highs, changes and price drops for Steinhoff International Holdings
Historical stock prices
Current Share PriceR2.41
52 Week HighR0.78
52 Week LowR3.98
Beta1.15
1 Month Change-23.98%
3 Month Change45.18%
1 Year Change190.36%
3 Year Change24.23%
5 Year Change-96.69%
Change since IPO-96.97%

Recent News & Updates

Shareholder Returns

SNHZA Consumer DurablesZA Market
7D-3.2%0.06%-0.3%
1Y190.4%36.5%19.5%

Return vs Industry: SNH exceeded the ZA Consumer Durables industry which returned 43.1% over the past year.

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

Price Volatility

Is SNH's price volatile compared to industry and market?
SNH volatility
SNH Beta1.15
Industry Beta1.07
Market Beta1

Stable Share Price: SNH is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: SNH's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
196491,519Louis du Preezhttps://www.steinhoffinternational.com

Steinhoff International Holdings N.V. engages in retailing activities in Australasia, Poland, Rest of Africa, Rest of Europe, South Africa, and the United Kingdom. It retails household goods, clothing, footwear, textiles, cell phones, airtime, and fast-moving consumer goods, as well as furniture and appliances. The company was founded in 1964 and is headquartered in Stellenbosch, South Africa.

Steinhoff International Holdings Fundamentals Summary

How do Steinhoff International Holdings's earnings and revenue compare to its market cap?
SNH fundamental statistics
Market Cap€594.63m
Earnings (TTM)-€1.14b
Revenue (TTM)€8.05b

0.07x

P/S Ratio

-0.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNH income statement (TTM)
Revenue€8.05b
Cost of Revenue€4.87b
Gross Profit€3.18b
Expenses€4.32b
Earnings-€1.14b

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Jan 28, 2022

Earnings per share (EPS)-0.27
Gross Margin39.48%
Net Profit Margin-14.19%
Debt/Equity Ratio-293.3%

How did SNH perform over the long term?

See historical performance and comparison

Valuation

Is Steinhoff International 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: SNH (ZAR2.41) is trading below our estimate of fair value (ZAR89)

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


Price To Earnings Ratio

PE vs Industry: SNH is unprofitable, so we can't compare its PE Ratio to the Global Consumer Durables industry average.

PE vs Market: SNH 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 SNH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SNH has negative assets, so we can't compare its PB Ratio to the XX Consumer Durables industry average.


Future Growth

How is Steinhoff International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.4%

Forecasted Consumer Durables 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 Steinhoff International 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 Steinhoff International Holdings performed over the past 5 years?

-24.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNH is currently unprofitable.

Growing Profit Margin: SNH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SNH is unprofitable, and losses have increased over the past 5 years at a rate of 24.5% per year.

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

Earnings vs Industry: SNH is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (42.7%).


Return on Equity

High ROE: SNH's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Steinhoff International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SNH has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SNH has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SNH has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SNH's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 SNH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SNH is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 23.9% per year.


Dividend

What is Steinhoff International Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

2.5yrs

Average management tenure


CEO

Louis du Preez (52 yo)

2.75yrs

Tenure

€3,449,000

Compensation

Mr. Louis Jacobus du Preez, BCom, LLB, is Chief Executive Officer of Steinhoff International Holdings N.V. since January 01, 2019 and its Member of Management Board since December 19, 2017. He was Acting C...


CEO Compensation Analysis

Compensation vs Market: Louis's total compensation ($USD4.01M) is above average for companies of similar size in the ZA market ($USD894.24K).

Compensation vs Earnings: Louis's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: SNH's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: SNH's board of directors are not considered experienced ( 2.5 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Steinhoff International Holdings N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Steinhoff International Holdings N.V.
  • Ticker: SNH
  • Exchange: JSE
  • Founded: 1964
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: R10.158b
  • Shares outstanding: 4.21b
  • Website: https://www.steinhoffinternational.com

Number of Employees


Location

  • Steinhoff International Holdings N.V.
  • Building B2
  • Vineyard Office Park
  • Stellenbosch
  • Western Cape
  • 7600
  • 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 21:35
End of Day Share Price2021/10/25 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.