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KST

PSG KonsultJSE:KST Stock Report

Market Cap

R16.9b

7D

10.8%

1Y

55.3%

Updated

18 Oct, 2021

Data

Company Financials
KST fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends1/6

KST Overview

PSG Konsult Limited, through its subsidiaries, provides various financial services and products in South Africa, Namibia, and Botswana.

Rewards

Earnings have grown 11% per year over the past 5 years

Risk Analysis

No risks detected for KST from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for PSG Konsult
Historical stock prices
Current Share PriceR12.66
52 Week HighR7.50
52 Week LowR13.00
Beta0.55
1 Month Change16.68%
3 Month Change16.68%
1 Year Change55.34%
3 Year Change28.92%
5 Year Change86.73%
Change since IPO60.25%

Recent News & Updates

Oct 10
PSG Konsult (JSE:KST) Is Increasing Its Dividend To R0.10

PSG Konsult (JSE:KST) Is Increasing Its Dividend To R0.10

The board of PSG Konsult Limited ( JSE:KST ) has announced that it will be increasing its dividend on the 1st of...

May 17
Earnings Not Telling The Story For PSG Konsult Limited (JSE:KST) After Shares Rise 29%

Earnings Not Telling The Story For PSG Konsult Limited (JSE:KST) After Shares Rise 29%

Despite an already strong run, PSG Konsult Limited ( JSE:KST ) shares have been powering on, with a gain of 29% in the...

May 11
PSG Konsult Limited's (JSE:KST) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

PSG Konsult Limited's (JSE:KST) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

Could PSG Konsult Limited ( JSE:KST ) be an attractive dividend share to own for the long haul? Investors are often...

Shareholder Returns

KSTZA Capital MarketsZA Market
7D10.8%4.4%1.6%
1Y55.3%55.5%21.3%

Return vs Industry: KST matched the ZA Capital Markets industry which returned 55.5% over the past year.

Return vs Market: KST exceeded the ZA Market which returned 21.3% over the past year.

Price Volatility

Is KST's price volatile compared to industry and market?
KST volatility
KST Beta0.55
Industry Beta0.89
Market Beta1

Stable Share Price: KST is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KST's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993n/aFrancois Gouwshttps://www.psg.co.za

PSG Konsult Limited, through its subsidiaries, provides various financial services and products in South Africa, Namibia, and Botswana. It operates through three segments: PSG Wealth, PSG Asset Management, and PSG Insure. The PSG Wealth segment offers portfolio management, stockbroking, local and offshore investments, estate planning, financial planning, local and offshore fiduciary, multi-managed investment solutions, and retirement products to individuals, families, and businesses.

PSG Konsult Fundamentals Summary

How do PSG Konsult's earnings and revenue compare to its market cap?
KST fundamental statistics
Market CapR16.88b
Earnings (TTM)R777.24m
Revenue (TTM)R5.53b

21.7x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KST income statement (TTM)
RevenueR5.53b
Cost of RevenueR3.02b
Gross ProfitR2.52b
ExpensesR1.74b
EarningsR777.24m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.58
Gross Margin45.49%
Net Profit Margin14.05%
Debt/Equity Ratio0.4%

How did KST perform over the long term?

See historical performance and comparison

Valuation

Is PSG Konsult undervalued compared to its fair value and its price relative to the market?

21.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KST (ZAR12.66) is trading above our estimate of fair value (ZAR4.25)

Significantly Below Fair Value: KST is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KST is poor value based on its PE Ratio (21.7x) compared to the ZA Capital Markets industry average (11.3x).

PE vs Market: KST is poor value based on its PE Ratio (21.7x) compared to the ZA market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KST's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KST is overvalued based on its PB Ratio (4.5x) compared to the ZA Capital Markets industry average (0.7x).


Future Growth

How is PSG Konsult forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.5%

Forecasted Diversified Financials 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 PSG Konsult 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 PSG Konsult performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KST has high quality earnings.

Growing Profit Margin: KST's current net profit margins (14.1%) are higher than last year (13.1%).


Past Earnings Growth Analysis

Earnings Trend: KST's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: KST's earnings growth over the past year (17.5%) exceeds its 5-year average (11% per year).

Earnings vs Industry: KST earnings growth over the past year (17.5%) underperformed the Capital Markets industry 35.2%.


Return on Equity

High ROE: KST's Return on Equity (20.7%) is considered high.


Financial Health

How is PSG Konsult's financial position?


Financial Position Analysis

Short Term Liabilities: KST's short term assets (ZAR3.8B) do not cover its short term liabilities (ZAR33.2B).

Long Term Liabilities: KST's short term assets (ZAR3.8B) do not cover its long term liabilities (ZAR34.6B).


Debt to Equity History and Analysis

Debt Level: KST's debt to equity ratio (0.4%) is considered satisfactory.

Reducing Debt: KST's debt to equity ratio has reduced from 5% to 0.4% over the past 5 years.

Debt Coverage: KST's debt is well covered by operating cash flow (5683.4%).

Interest Coverage: Insufficient data to determine if KST's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is PSG Konsult current dividend yield, its reliability and sustainability?

2.09%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 19 2021Ex Dividend DateOct 27 2021Dividend Pay DateNov 02 20216 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: KST's dividend (2.09%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.07%).

High Dividend: KST's dividend (2.09%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, KST has been paying a dividend for less than 10 years.

Growing Dividend: KST's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.2%), KST's dividend payments are well 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?

8.5yrs

Average management tenure


CEO

Francois Gouws (56 yo)

8.25yrs

Tenure

R32,216,000

Compensation

Mr. Francois Johannes Gouws, B.Acc, CA (SA) has been the Chief Executive Officer of PSG Konsult Limited since July 1, 2013. Mr. Gouws has been an Executive Director at PSG Konsult Limited since March 1, 20...


CEO Compensation Analysis

Compensation vs Market: Francois's total compensation ($USD2.19M) is above average for companies of similar size in the ZA market ($USD895.91K).

Compensation vs Earnings: Francois's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: KST's management team is seasoned and experienced (8.5 years average tenure).


Board Members

Experienced Board: KST's board of directors are considered experienced (7.9 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

PSG Konsult Limited's employee growth, exchange listings and data sources


Key Information

  • Name: PSG Konsult Limited
  • Ticker: KST
  • Exchange: JSE
  • Founded: 1993
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: R16.880b
  • Shares outstanding: 1.33b
  • Website: https://www.psg.co.za

Number of Employees


Location

  • PSG Konsult Limited
  • The Edge
  • 4th Floor
  • Bellville
  • Western Cape
  • 7530
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:41
End of Day Share Price2021/10/18 00:00
Earnings2021/08/31
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.