Massmart Holdings Limited operates as a retail and wholesale distributor.
Massmart Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R61.44|
|52 Week High||R32.32|
|52 Week Low||R71.39|
|1 Month Change||6.22%|
|3 Month Change||11.75%|
|1 Year Change||88.70%|
|3 Year Change||-32.85%|
|5 Year Change||-44.63%|
|Change since IPO||342.01%|
Recent News & Updates
|MSM||ZA Consumer Retailing||ZA Market|
Return vs Industry: MSM exceeded the ZA Consumer Retailing industry which returned 33.4% over the past year.
Return vs Market: MSM exceeded the ZA Market which returned 20.7% over the past year.
Stable Share Price: MSM is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MSM's weekly volatility (6%) has been stable over the past year.
About the Company
Massmart Holdings Limited operates as a retail and wholesale distributor. It operates through four segments: Game, Builders, Cambridge and Rhino, and Massmart Wholesale. The Game segment engages in the retail of appliances, electronics, lifestyle merchandise, groceries, and liquor, as well as provides value-added services.
Massmart Holdings Fundamentals Summary
|MSM fundamental statistics|
Is MSM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MSM income statement (TTM)|
|Cost of Revenue||R70.53b|
Last Reported Earnings
Jun 27, 2021
Next Earnings Date
|Earnings per share (EPS)||-7.55|
|Net Profit Margin||-1.84%|
How did MSM perform over the long term?See historical performance and comparison
Is Massmart Holdings undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: MSM (ZAR61.44) is trading above our estimate of fair value (ZAR12.02)
Significantly Below Fair Value: MSM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MSM is unprofitable, so we can't compare its PE Ratio to the ZA Consumer Retailing industry average.
PE vs Market: MSM 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 MSM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MSM is overvalued based on its PB Ratio (7.7x) compared to the ZA Consumer Retailing industry average (6.3x).
How is Massmart Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MSM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.8%).
Earnings vs Market: MSM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MSM's is expected to become profitable in the next 3 years.
Revenue vs Market: MSM's revenue (2.8% per year) is forecast to grow slower than the ZA market (6.1% per year).
High Growth Revenue: MSM's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MSM's Return on Equity is forecast to be high in 3 years time (24.6%)
How has Massmart Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MSM is currently unprofitable.
Growing Profit Margin: MSM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MSM is unprofitable, and losses have increased over the past 5 years at a rate of 63.2% per year.
Accelerating Growth: Unable to compare MSM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MSM is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (11.8%).
Return on Equity
High ROE: MSM has a negative Return on Equity (-90.13%), as it is currently unprofitable.
How is Massmart Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: MSM's short term assets (ZAR17.7B) do not cover its short term liabilities (ZAR24.0B).
Long Term Liabilities: MSM's short term assets (ZAR17.7B) exceed its long term liabilities (ZAR11.7B).
Debt to Equity History and Analysis
Debt Level: MSM's debt to equity ratio (526.9%) is considered high.
Reducing Debt: MSM's debt to equity ratio has increased from 131% to 526.9% over the past 5 years.
Debt Coverage: MSM's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: MSM's interest payments on its debt are not well covered by EBIT (1.1x coverage).
What is Massmart Holdings's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MSM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MSM'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 MSM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MSM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MSM is not paying a notable dividend for the ZA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MSM's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mitch Slape (53 yo)
Mr. Mitchell W. Slape, also known as Mitch, has been the Group Chief Executive Officer of Massmart Holdings Ltd since October 2020 and Executive Director since September 1, 2019. He was the Chief Operating...
CEO Compensation Analysis
Compensation vs Market: Mitch's total compensation ($USD1.67M) is above average for companies of similar size in the ZA market ($USD891.99K).
Compensation vs Earnings: Insufficient data to compare Mitch's compensation with company performance.
Experienced Management: MSM's management team is considered experienced (2.1 years average tenure).
Experienced Board: MSM's board of directors are not considered experienced ( 2.1 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Massmart Holdings Limited's employee growth, exchange listings and data sources
- Name: Massmart Holdings Limited
- Ticker: MSM
- Exchange: JSE
- Founded: 1990
- Industry: Hypermarkets and Super Centers
- Sector: Consumer Retailing
- Market Cap: R13.271b
- Shares outstanding: 216.00m
- Website: https://www.massmart.co.za
Number of Employees
- Massmart Holdings Limited
- Massmart House
- 16 Peltier Drive
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 21:41|
|End of Day Share Price||2021/10/19 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.