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VUN

VunaniJSE:VUN Stock Report

Market Cap

R481.0m

7D

3.9%

1Y

16.1%

Updated

19 Oct, 2021

Data

Company Financials
VUN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends2/6

VUN Overview

Vunani Limited operates in the financial services industry in South Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Vunani
Historical stock prices
Current Share PriceR2.96
52 Week HighR2.01
52 Week LowR3.01
Beta0.077
1 Month Change3.86%
3 Month Change-1.33%
1 Year Change16.08%
3 Year Change28.70%
5 Year Change79.39%
Change since IPO-95.26%

Recent News & Updates

Mar 11
Vunani Limited (JSE:VUN) Has Got What It Takes To Be An Attractive Dividend Stock

Vunani Limited (JSE:VUN) Has Got What It Takes To Be An Attractive Dividend Stock

Dividend paying stocks like Vunani Limited ( JSE:VUN ) tend to be popular with investors, and for good reason - some...

Shareholder Returns

VUNZA Capital MarketsZA Market
7D3.9%6.3%0.7%
1Y16.1%58.6%20.7%

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

Return vs Market: VUN underperformed the ZA Market which returned 21.3% over the past year.

Price Volatility

Is VUN's price volatile compared to industry and market?
VUN volatility
VUN Beta0.077
Industry Beta0.89
Market Beta1

Stable Share Price: VUN is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: VUN's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997339Butana Khozahttps://www.vunanilimited.co.za

Vunani Limited operates in the financial services industry in South Africa. It operates through Fund Management, Asset Administration, Insurance, and Investment Banking segments. The company offers institutional and retail products, including equities, bonds, inflation-linked bonds, and property, absolute return, and smart beta funds.

Vunani Fundamentals Summary

How do Vunani's earnings and revenue compare to its market cap?
VUN fundamental statistics
Market CapR481.03m
Earnings (TTM)R42.17m
Revenue (TTM)R623.35m

11.3x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VUN income statement (TTM)
RevenueR623.35m
Cost of RevenueR315.05m
Gross ProfitR308.30m
ExpensesR266.13m
EarningsR42.17m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.26
Gross Margin49.46%
Net Profit Margin6.77%
Debt/Equity Ratio20.1%

How did VUN perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

53%

Payout Ratio

Does VUN pay a reliable dividends?

See VUN dividend history and benchmarks
When do you need to buy VUN by to receive an upcoming dividend?
Vunani dividend dates
Ex Dividend DateNov 10 2021
Dividend Pay DateNov 15 2021
Days until Ex dividend21 days
Days until Dividend pay date26 days

Does VUN pay a reliable dividends?

See VUN dividend history and benchmarks

Valuation

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

11.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VUN (ZAR2.99) is trading above our estimate of fair value (ZAR2.34)

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


Price To Earnings Ratio

PE vs Industry: VUN is poor value based on its PE Ratio (11.4x) compared to the ZA Capital Markets industry average (11.3x).

PE vs Market: VUN is poor value based on its PE Ratio (11.4x) compared to the ZA market (11.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VUN is overvalued based on its PB Ratio (1.6x) compared to the ZA Capital Markets industry average (0.7x).


Future Growth

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

7.4%

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 Vunani 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 Vunani performed over the past 5 years?

5.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VUN has a large one-off loss of ZAR145.1M impacting its August 31 2021 financial results.

Growing Profit Margin: VUN's current net profit margins (6.8%) are lower than last year (16%).


Past Earnings Growth Analysis

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

Accelerating Growth: VUN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VUN had negative earnings growth (-41%) over the past year, making it difficult to compare to the Capital Markets industry average (35.2%).


Return on Equity

High ROE: VUN's Return on Equity (6.2%) is considered low.


Financial Health

How is Vunani's financial position?


Financial Position Analysis

Short Term Liabilities: VUN's short term assets (ZAR396.2M) exceed its short term liabilities (ZAR268.6M).

Long Term Liabilities: VUN's short term assets (ZAR396.2M) do not cover its long term liabilities (ZAR546.7M).


Debt to Equity History and Analysis

Debt Level: VUN's debt to equity ratio (20.1%) is considered satisfactory.

Reducing Debt: VUN's debt to equity ratio has reduced from 27.3% to 20.1% over the past 5 years.

Debt Coverage: VUN's debt is well covered by operating cash flow (95.3%).

Interest Coverage: VUN's interest payments on its debt are well covered by EBIT (130.8x coverage).


Balance Sheet


Dividend

What is Vunani current dividend yield, its reliability and sustainability?

4.73%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 19 2021Ex Dividend DateNov 10 2021Dividend Pay DateNov 15 20215 days from Ex DividendBuy in the next 21 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: VUN's dividend (4.68%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).

High Dividend: VUN's dividend (4.68%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).


Stability and Growth of Payments

Stable Dividend: VUN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: VUN's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (53.2%), VUN'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?

7.2yrs

Average board tenure


CEO

Butana Khoza (54 yo)

1.5yrs

Tenure

R7,982,000

Compensation

Mr. Butana Mangaliso Khoza, BCom, PG Dip. (Accounting), CA (SA) serves as Chief Executive Officer at Vunani Limited since April 01, 2020. He is Founding Partner of Vunani Limited and serves as its Executiv...


CEO Compensation Analysis

Compensation vs Market: Butana's total compensation ($USD543.48K) is above average for companies of similar size in the ZA market ($USD280.19K).

Compensation vs Earnings: Butana's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

Experienced Board: VUN's board of directors are considered experienced (7.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: VUN insiders have bought and sold the same number of shares 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

Vunani Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Vunani Limited
  • Ticker: VUN
  • Exchange: JSE
  • Founded: 1997
  • Industry: Diversified Capital Markets
  • Sector: Diversified Financials
  • Market Cap: R481.032m
  • Shares outstanding: 160.88m
  • Website: https://www.vunanilimited.co.za

Number of Employees


Location

  • Vunani Limited
  • Vunani House
  • Vunani Office Park
  • Sandton
  • Gauteng
  • 2196
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 17:04
End of Day Share Price2021/10/19 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.