Remgro Limited is a principal investment firm.
Price History & Performance
|Historical stock prices|
|Current Share Price||R135.02|
|52 Week High||R85.50|
|52 Week Low||R141.87|
|1 Month Change||6.33%|
|3 Month Change||22.77%|
|1 Year Change||42.52%|
|3 Year Change||-26.62%|
|5 Year Change||-39.82%|
|Change since IPO||238.40%|
Recent News & Updates
|REM||ZA Diversified Financial||ZA Market|
Return vs Industry: REM matched the ZA Diversified Financial industry which returned 42.3% over the past year.
Return vs Market: REM exceeded the ZA Market which returned 20.8% over the past year.
Stable Share Price: REM is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: REM's weekly volatility (3%) has been stable over the past year.
About the Company
Remgro Limited is a principal investment firm. The firm prefers to invest in financial services, food, liquor and home care, banking, insurance, industrial, healthcare, infrastructure, information technology infrastructure services, media, and sport. It considers investments in Africa, UAE, UK, Switzerland and other international countries though investee companies.
Remgro Fundamentals Summary
|REM fundamental statistics|
Is REM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|REM income statement (TTM)|
|Cost of Revenue||R40.09b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||6.31|
|Net Profit Margin||5.39%|
How did REM perform over the long term?See historical performance and comparison
0.7%Current Dividend Yield
Does REM pay a reliable dividends?See REM dividend history and benchmarks
|Remgro dividend dates|
|Ex Dividend Date||Nov 17 2021|
|Dividend Pay Date||Nov 22 2021|
|Days until Ex dividend||27 days|
|Days until Dividend pay date||32 days|
Does REM pay a reliable dividends?See REM dividend history and benchmarks
Is Remgro 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: Insufficient data to calculate REM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate REM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: REM is poor value based on its PE Ratio (21.4x) compared to the ZA Diversified Financial industry average (9.8x).
PE vs Market: REM is poor value based on its PE Ratio (21.4x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: REM is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: REM is overvalued based on its PB Ratio (0.9x) compared to the ZA Diversified Financial industry average (0.7x).
How is Remgro forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: REM's forecast earnings growth (26.7% per year) is above the savings rate (8.8%).
Earnings vs Market: REM's earnings (26.7% per year) are forecast to grow faster than the ZA market (13.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: REM's revenue is expected to decline over the next 3 years (-11.8% per year).
High Growth Revenue: REM's revenue is forecast to decline over the next 3 years (-11.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: REM's Return on Equity is forecast to be very high in 3 years time (315.3%).
How has Remgro performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REM has a large one-off gain of ZAR1.1B impacting its June 30 2021 financial results.
Growing Profit Margin: REM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: REM's earnings have declined by 47.1% per year over the past 5 years.
Accelerating Growth: REM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: REM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Diversified Financial industry (32.9%).
Return on Equity
High ROE: REM's Return on Equity (4.9%) is considered low.
How is Remgro's financial position?
Financial Position Analysis
Short Term Liabilities: REM's short term assets (ZAR37.4B) exceed its short term liabilities (ZAR17.1B).
Long Term Liabilities: REM's short term assets (ZAR37.4B) exceed its long term liabilities (ZAR20.1B).
Debt to Equity History and Analysis
Debt Level: REM's debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: REM's debt to equity ratio has reduced from 23.6% to 15% over the past 5 years.
Debt Coverage: REM's debt is well covered by operating cash flow (37.8%).
Interest Coverage: REM's interest payments on its debt are well covered by EBIT (5.8x coverage).
What is Remgro current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: REM's dividend (0.67%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.11%).
High Dividend: REM's dividend (0.67%) is low compared to the top 25% of dividend payers in the ZA market (8.07%).
Stability and Growth of Payments
Stable Dividend: REM is not paying a notable dividend for the ZA market, therefore no need to check if payments are stable.
Growing Dividend: REM is not paying a notable dividend for the ZA market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: REM is not paying a notable dividend for the ZA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of REM'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
Jannie Durand (54 yo)
Mr. Jan Jonathan Durand, also known as Jannie, BAcc Hons, MPhil (Oxon), C.A. (SA), serves as the Chairman of Management Board at Remgro Limited. He joined the Rembrandt Group in 1996. He also serves as the...
CEO Compensation Analysis
Compensation vs Market: Jannie's total compensation ($USD1.02M) is below average for companies of similar size in the ZA market ($USD1.70M).
Compensation vs Earnings: Jannie's compensation has been consistent with company performance over the past year.
Experienced Management: REM's management team is seasoned and experienced (5.5 years average tenure).
Experienced Board: REM's board of directors are considered experienced (8.5 years average tenure).
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.
Remgro Limited's employee growth, exchange listings and data sources
- Name: Remgro Limited
- Ticker: REM
- Exchange: JSE
- Founded: 1948
- Industry: Multi-Sector Holdings
- Sector: Diversified Financials
- Market Cap: R75.961b
- Shares outstanding: 562.59m
- Website: https://www.remgro.com
Number of Employees
- Remgro Limited
- Millennia Park
- 16 Stellentia Avenue
- Western Cape
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 22:02|
|End of Day Share Price||2021/10/20 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.