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ZED

Zeder InvestmentsJSE:ZED Stock Report

Market Cap

R5.0b

7D

-0.3%

1Y

22.3%

Updated

26 Oct, 2021

Data

Company Financials
ZED fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

ZED Overview

Zeder Investments Ltd. is a private equity arm of PSG Group Ltd.

Price History & Performance

Summary of all time highs, changes and price drops for Zeder Investments
Historical stock prices
Current Share PriceR3.23
52 Week HighR2.32
52 Week LowR3.36
Beta0.0022
1 Month Change4.19%
3 Month Change5.56%
1 Year Change22.35%
3 Year Change-30.24%
5 Year Change-51.79%
Change since IPO35.71%

Recent News & Updates

Shareholder Returns

ZEDZA Capital MarketsZA Market
7D-0.3%0.6%0.1%
1Y22.3%58.6%21.6%

Return vs Industry: ZED underperformed the ZA Capital Markets industry which returned 52.9% over the past year.

Return vs Market: ZED exceeded the ZA Market which returned 19.5% over the past year.

Price Volatility

Is ZED's price volatile compared to industry and market?
ZED volatility
ZED Beta0.0022
Industry Beta0.89
Market Beta1

Stable Share Price: ZED is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ZED's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aJohann Le Rouxhttps://www.zeder.co.za

Zeder Investments Ltd. is a private equity arm of PSG Group Ltd. specializing in middle market investments in PIPEs transactions. The firm seeks to invest in unlisted securities of agricultural, food, beverages, grain, and related industries with a focus on agribusiness industry.

Zeder Investments Fundamentals Summary

How do Zeder Investments's earnings and revenue compare to its market cap?
ZED fundamental statistics
Market CapR4.97b
Earnings (TTM)R1.37b
Revenue (TTM)n/a

3.6x

P/E Ratio

0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZED income statement (TTM)
RevenueR0
Cost of RevenueR0
Gross ProfitR0
Expenses-R1.36b
EarningsR1.37b

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

Apr 13, 2022

Earnings per share (EPS)0.89
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did ZED perform over the long term?

See historical performance and comparison

Valuation

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

3.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ZED's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ZED's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ZED is good value based on its PE Ratio (3.6x) compared to the ZA Capital Markets industry average (11.4x).

PE vs Market: ZED is good value based on its PE Ratio (3.6x) compared to the ZA market (11.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ZED's PB Ratio (0.7x) is in line with the ZA Capital Markets industry average.


Future Growth

How is Zeder Investments 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 Zeder Investments 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 Zeder Investments performed over the past 5 years?

41.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZED has a high level of non-cash earnings.

Growing Profit Margin: Insufficient data to determine if ZED's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: ZED's earnings have grown significantly by 41.4% per year over the past 5 years.

Accelerating Growth: ZED's earnings growth over the past year (537.9%) exceeds its 5-year average (41.4% per year).

Earnings vs Industry: ZED earnings growth over the past year (537.9%) exceeded the Capital Markets industry 35.2%.


Return on Equity

High ROE: ZED's Return on Equity (19.9%) is considered low.


Financial Health

How is Zeder Investments's financial position?


Financial Position Analysis

Short Term Liabilities: ZED's short term assets (ZAR810.0M) exceed its short term liabilities (ZAR83.0M).

Long Term Liabilities: ZED's short term assets (ZAR810.0M) exceed its long term liabilities (ZAR5.0M).


Debt to Equity History and Analysis

Debt Level: ZED is debt free.

Reducing Debt: ZED has no debt compared to 5 years ago when its debt to equity ratio was 36.2%.

Debt Coverage: ZED has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ZED has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Zeder Investments's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ZED's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ZED'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 ZED's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ZED's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ZED is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ZED's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average board tenure


CEO

Johann Le Roux (46 yo)

no data

Tenure

R5,271,000

Compensation

Mr. Johann H. Le Roux, serves as a Non-Executive Director at Kaap Agri Limited since April 2014. He serves as Chief Executive Officer at Zeder Investments Ltd. since April 2021 and served as its Acting Chi...


CEO Compensation Analysis

Compensation vs Market: Johann's total compensation ($USD355.65K) is below average for companies of similar size in the ZA market ($USD731.88K).

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


Board Members

Experienced Board: ZED's board of directors are considered experienced (5.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Zeder Investments Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Zeder Investments Ltd.
  • Ticker: ZED
  • Exchange: JSE
  • Founded: 2006
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: R4.968b
  • Shares outstanding: 1.54b
  • Website: https://www.zeder.co.za

Location

  • Zeder Investments Ltd.
  • Ou Kollege Building
  • 2nd Floor
  • Stellenbosch
  • Western Cape
  • 7600
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:20
End of Day Share Price2021/10/26 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.