company background image
CKS

Crookes BrothersJSE:CKS Stock Report

Market Cap

R618.2m

7D

-5.8%

1Y

-6.5%

Updated

25 Oct, 2021

Data

Company Financials
CKS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

CKS Overview

Crookes Brothers Limited, an investment holding company, produces agricultural products.

Price History & Performance

Summary of all time highs, changes and price drops for Crookes Brothers
Historical stock prices
Current Share PriceR40.50
52 Week HighR38.49
52 Week LowR47.70
Beta-0.043
1 Month Change-0.25%
3 Month Change-6.90%
1 Year Change-6.49%
3 Year Change-26.36%
5 Year Change-25.00%
Change since IPO-10.99%

Recent News & Updates

May 18
Crookes Brothers (JSE:CKS) Hasn't Managed To Accelerate Its Returns

Crookes Brothers (JSE:CKS) Hasn't Managed To Accelerate Its Returns

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...

Mar 24
Here's Why I Think Crookes Brothers (JSE:CKS) Might Deserve Your Attention Today

Here's Why I Think Crookes Brothers (JSE:CKS) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

CKSZA FoodZA Market
7D-5.8%-0.6%-0.03%
1Y-6.5%2.4%19.0%

Return vs Industry: CKS underperformed the ZA Food industry which returned 2.4% over the past year.

Return vs Market: CKS underperformed the ZA Market which returned 19% over the past year.

Price Volatility

Is CKS's price volatile compared to industry and market?
CKS volatility
CKS Beta-0.043
Industry Beta0.32
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
18602,813Kennett Sinclairhttps://www.cbl.co.za

Crookes Brothers Limited, an investment holding company, produces agricultural products. The company offers sugar cane, bananas, deciduous fruits, and macadamia nuts. It is also involved in the development and sale of commercial, residential, and industrial real estate properties.

Crookes Brothers Fundamentals Summary

How do Crookes Brothers's earnings and revenue compare to its market cap?
CKS fundamental statistics
Market CapR618.20m
Earnings (TTM)R23.24m
Revenue (TTM)R635.58m

26.6x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CKS income statement (TTM)
RevenueR635.58m
Cost of RevenueR232.92m
Gross ProfitR402.66m
ExpensesR379.43m
EarningsR23.24m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.52
Gross Margin63.35%
Net Profit Margin3.66%
Debt/Equity Ratio20.1%

How did CKS perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

33%

Payout Ratio

Valuation

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

26.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CKS (ZAR40.5) is trading above our estimate of fair value (ZAR9.06)

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


Price To Earnings Ratio

PE vs Industry: CKS is poor value based on its PE Ratio (26.6x) compared to the ZA Food industry average (11.3x).

PE vs Market: CKS is poor value based on its PE Ratio (26.6x) compared to the ZA market (11.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CKS is good value based on its PB Ratio (0.6x) compared to the ZA Food industry average (1.2x).


Future Growth

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

15.2%

Forecasted Food, Beverage & Tobacco 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 Crookes Brothers 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 Crookes Brothers performed over the past 5 years?

-26.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CKS has a large one-off loss of ZAR22.4M impacting its March 31 2021 financial results.

Growing Profit Margin: CKS's current net profit margins (3.7%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: CKS's earnings have declined by 26.2% per year over the past 5 years.

Accelerating Growth: CKS's earnings growth over the past year (166.1%) exceeds its 5-year average (-26.2% per year).

Earnings vs Industry: CKS earnings growth over the past year (166.1%) exceeded the Food industry 0.6%.


Return on Equity

High ROE: CKS's Return on Equity (3.9%) is considered low.


Financial Health

How is Crookes Brothers's financial position?


Financial Position Analysis

Short Term Liabilities: CKS's short term assets (ZAR637.0M) exceed its short term liabilities (ZAR182.2M).

Long Term Liabilities: CKS's short term assets (ZAR637.0M) exceed its long term liabilities (ZAR481.1M).


Debt to Equity History and Analysis

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

Reducing Debt: CKS's debt to equity ratio has increased from 9.9% to 20.1% over the past 5 years.

Debt Coverage: CKS's debt is well covered by operating cash flow (24%).

Interest Coverage: CKS's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Dividend

What is Crookes Brothers's current dividend yield, its reliability and sustainability?

1.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CKS's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.14%).

High Dividend: CKS's dividend (1.23%) is low compared to the top 25% of dividend payers in the ZA market (7.52%).


Stability and Growth of Payments

Stable Dividend: CKS is not paying a notable dividend for the ZA market, therefore no need to check if payments are stable.

Growing Dividend: CKS 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: CKS is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CKS'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?

2.3yrs

Average management tenure


CEO

Kennett Sinclair

2.17yrs

Tenure

R4,494,000

Compensation

Mr. Kennett Sinclair, B Acc. Hons, C.A. (SA), CFA, serves as Group Chief Executive Officer and Director at Crookes Brothers Limited since August 2019. He was Chief Executive Officer at Crookes Brothers Lim...


CEO Compensation Analysis

Compensation vs Market: Kennett's total compensation ($USD305.51K) is about average for companies of similar size in the ZA market ($USD278.61K).

Compensation vs Earnings: Kennett's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CKS's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: CKS's board of directors are considered experienced (7.6 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

Crookes Brothers Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Crookes Brothers Limited
  • Ticker: CKS
  • Exchange: JSE
  • Founded: 1860
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: R618.205m
  • Shares outstanding: 15.26m
  • Website: https://www.cbl.co.za

Number of Employees


Location

  • Crookes Brothers Limited
  • 170 Flanders Drive
  • PO Box 611
  • Mount Edgecombe
  • KwaZulu-Natal
  • 4300
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:34
End of Day Share Price2021/10/25 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.