| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
SUR Overview
Spur Corporation Ltd, together with its subsidiaries, operates as a restaurant franchisor in South Africa and internationally.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R20.20 |
| 52 Week High | R13.93 |
| 52 Week Low | R23.50 |
| Beta | 0.58 |
| 1 Month Change | 4.88% |
| 3 Month Change | 9.19% |
| 1 Year Change | 23.25% |
| 3 Year Change | -14.04% |
| 5 Year Change | -37.36% |
| Change since IPO | 708.00% |
Recent News & Updates
Shareholder Returns
| SUR | ZA Hospitality | ZA Market | |
|---|---|---|---|
| 7D | 0.1% | 1.8% | -0.03% |
| 1Y | 23.2% | 99.1% | 19.0% |
Return vs Industry: SUR underperformed the ZA Hospitality industry which returned 99.1% over the past year.
Return vs Market: SUR exceeded the ZA Market which returned 19% over the past year.
Price Volatility
| SUR volatility | |
|---|---|
| SUR Beta | 0.58 |
| Industry Beta | 1.22 |
| Market Beta | 1 |
Stable Share Price: SUR is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SUR's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1967 | n/a | Val Nichas | https://www.spurcorporation.com |
Spur Corporation Ltd, together with its subsidiaries, operates as a restaurant franchisor in South Africa and internationally. The company operates and franchises restaurants under the Spur Steak Ranches, Panarottis Pizza Pasta, John Dory’s Fish Grill Sushi, The Hussar Grill, RocoMamas, Casa Bella, and Nikos brands. It operates through a network of approximately 600 outlets across South Africa.
Spur Fundamentals Summary
| SUR fundamental statistics | |
|---|---|
| Market Cap | R1.70b |
| Earnings (TTM) | R93.08m |
| Revenue (TTM) | R681.44m |
18.2x
P/E Ratio2.5x
P/S RatioIs SUR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SUR income statement (TTM) | |
|---|---|
| Revenue | R681.44m |
| Cost of Revenue | R165.53m |
| Gross Profit | R515.91m |
| Expenses | R422.83m |
| Earnings | R93.08m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.11 |
| Gross Margin | 75.71% |
| Net Profit Margin | 13.66% |
| Debt/Equity Ratio | 0.03% |
How did SUR perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield70%
Payout RatioValuation
Is Spur undervalued compared to its fair value and its price relative to the market?
18.22x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SUR (ZAR20.2) is trading above our estimate of fair value (ZAR7.87)
Significantly Below Fair Value: SUR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SUR is good value based on its PE Ratio (18.2x) compared to the African Hospitality industry average (26x).
PE vs Market: SUR is poor value based on its PE Ratio (18.2x) compared to the ZA market (11.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SUR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SUR's PB Ratio (2.7x) is in line with the ZA Hospitality industry average.
Future Growth
How is Spur forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
45.7%
Forecasted Consumer Services 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 Spur 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 Spur performed over the past 5 years?
-18.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SUR has high quality earnings.
Growing Profit Margin: SUR's current net profit margins (13.7%) are higher than last year (8.8%).
Past Earnings Growth Analysis
Earnings Trend: SUR's earnings have declined by 18.1% per year over the past 5 years.
Accelerating Growth: SUR's earnings growth over the past year (39.1%) exceeds its 5-year average (-18.1% per year).
Earnings vs Industry: SUR earnings growth over the past year (39.1%) exceeded the Hospitality industry 23.7%.
Return on Equity
High ROE: SUR's Return on Equity (15.7%) is considered low.
Financial Health
How is Spur's financial position?
Financial Position Analysis
Short Term Liabilities: SUR's short term assets (ZAR409.0M) exceed its short term liabilities (ZAR157.9M).
Long Term Liabilities: SUR's short term assets (ZAR409.0M) exceed its long term liabilities (ZAR116.3M).
Debt to Equity History and Analysis
Debt Level: SUR's debt to equity ratio (0.03%) is considered satisfactory.
Reducing Debt: SUR's debt to equity ratio has reduced from 3.1% to 0.03% over the past 5 years.
Debt Coverage: SUR's debt is well covered by operating cash flow (53100.5%).
Interest Coverage: SUR earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Spur current dividend yield, its reliability and sustainability?
3.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SUR's dividend (3.86%) is higher than the bottom 25% of dividend payers in the ZA market (3.14%).
High Dividend: SUR's dividend (3.86%) is low compared to the top 25% of dividend payers in the ZA market (7.52%).
Stability and Growth of Payments
Stable Dividend: SUR's dividend payments have been volatile in the past 10 years.
Growing Dividend: SUR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70.4%), SUR's dividend payments are 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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Val Nichas (59 yo)
0.75
Tenure
R2,600,000
Compensation
Ms. Valentine Bourdos Nichas, also known as Val, serves as Group Chief Executive Officer and Executive Director at Spur Corporation Limited since January 1, 2021. She is Founder and originator of VBN Consu...
CEO Compensation Analysis
Compensation vs Market: Val's total compensation ($USD175.85K) is below average for companies of similar size in the ZA market ($USD278.61K).
Compensation vs Earnings: Insufficient data to compare Val's compensation with company performance.
Leadership Team
Experienced Management: SUR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: SUR's board of directors are not considered experienced ( 1 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
Spur Corporation Ltd's employee growth, exchange listings and data sources
Key Information
- Name: Spur Corporation Ltd
- Ticker: SUR
- Exchange: JSE
- Founded: 1967
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: R1.696b
- Shares outstanding: 83.97m
- Website: https://www.spurcorporation.com
Location
- Spur Corporation Ltd
- Century Gate Business Park
- 14 Edison Way
- Cape Town
- Western Cape
- 7446
- South Africa
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/24 17:05 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.