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CLI

ClientèleJSE:CLI Stock Report

Market Cap

R3.3b

7D

1.0%

1Y

10.9%

Updated

19 Oct, 2021

Data

Company Financials
CLI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

CLI Overview

Clientèle Limited, through its subsidiaries, provides financial products and services in South Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Clientèle
Historical stock prices
Current Share PriceR9.70
52 Week HighR7.56
52 Week LowR11.18
Beta0.25
1 Month Change-7.80%
3 Month Change0.94%
1 Year Change10.86%
3 Year Change-43.61%
5 Year Change-37.82%
Change since IPO29.33%

Recent News & Updates

Shareholder Returns

CLIZA InsuranceZA Market
7D1.0%-0.9%1.0%
1Y10.9%28.2%20.8%

Return vs Industry: CLI underperformed the ZA Insurance industry which returned 27.1% over the past year.

Return vs Market: CLI underperformed the ZA Market which returned 20.7% over the past year.

Price Volatility

Is CLI's price volatile compared to industry and market?
CLI volatility
CLI Beta0.25
Industry Beta0.88
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
n/a2,125Basil Reekiehttps://www.clientele.co.za

Clientèle Limited, through its subsidiaries, provides financial products and services in South Africa. It operates in three segments: Long-Term Insurance, Short-Term Insurance, and CBC Rewards and Clientèle Mobile. The company underwrites, markets, and distributes insurance and investment products.

Clientèle Fundamentals Summary

How do Clientèle's earnings and revenue compare to its market cap?
CLI fundamental statistics
Market CapR3.25b
Earnings (TTM)R392.26m
Revenue (TTM)R2.87b

8.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLI income statement (TTM)
RevenueR2.87b
Cost of RevenueR1.70b
Gross ProfitR1.17b
ExpensesR778.16m
EarningsR392.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.17
Gross Margin40.82%
Net Profit Margin13.68%
Debt/Equity Ratio10.2%

How did CLI perform over the long term?

See historical performance and comparison

Dividends

11.3%

Current Dividend Yield

94%

Payout Ratio

Valuation

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

27.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLI (ZAR9.7) is trading below our estimate of fair value (ZAR13.39)

Significantly Below Fair Value: CLI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CLI is good value based on its PE Ratio (8.3x) compared to the ZA Insurance industry average (20.7x).

PE vs Market: CLI is good value based on its PE Ratio (8.3x) compared to the ZA market (11.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CLI is overvalued based on its PB Ratio (3x) compared to the ZA Insurance industry average (2.1x).


Future Growth

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

27.0%

Forecasted Insurance 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 Clientèle 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 Clientèle performed over the past 5 years?

-5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLI has high quality earnings.

Growing Profit Margin: CLI's current net profit margins (13.7%) are higher than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: CLI's earnings have declined by 5.7% per year over the past 5 years.

Accelerating Growth: CLI's earnings growth over the past year (19.4%) exceeds its 5-year average (-5.7% per year).

Earnings vs Industry: CLI earnings growth over the past year (19.4%) underperformed the Insurance industry 117.2%.


Return on Equity

High ROE: CLI's Return on Equity (36.3%) is considered high.


Financial Health

How is Clientèle's financial position?


Financial Position Analysis

Short Term Liabilities: CLI's short term assets (ZAR9.1B) exceed its short term liabilities (ZAR222.2M).

Long Term Liabilities: CLI's short term assets (ZAR9.1B) exceed its long term liabilities (ZAR8.4B).


Debt to Equity History and Analysis

Debt Level: CLI's debt to equity ratio (10.2%) is considered satisfactory.

Reducing Debt: CLI's debt to equity ratio has reduced from 11.5% to 10.2% over the past 5 years.

Debt Coverage: CLI's debt is well covered by operating cash flow (324.4%).

Interest Coverage: CLI's interest payments on its debt are well covered by EBIT (44.4x coverage).


Balance Sheet


Dividend

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

11.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CLI's dividend (11.34%) is higher than the bottom 25% of dividend payers in the ZA market (3.05%).

High Dividend: CLI's dividend (11.34%) is in the top 25% of dividend payers in the ZA market (8.06%)


Stability and Growth of Payments

Stable Dividend: CLI's dividend payments have been volatile in the past 10 years.

Growing Dividend: CLI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94%), CLI's dividend payments are not 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?

7.8yrs

Average management tenure


CEO

Basil Reekie (48 yo)

8.25yrs

Tenure

R16,670,000

Compensation

Mr. Basil William Reekie, B.Sc (Hons), FASSA has been the Managing Director of Clientele Limited since July 1, 2013. Mr. Reekie served as the Managing Director of Clientele Life from May 2008 to June 2020....


CEO Compensation Analysis

Compensation vs Market: Basil's total compensation ($USD1.15M) is above average for companies of similar size in the ZA market ($USD478.25K).

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


Leadership Team

Experienced Management: CLI's management team is seasoned and experienced (7.8 years average tenure).


Board Members

Experienced Board: CLI's board of directors are seasoned and experienced ( 10.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Clientèle Limited
  • Ticker: CLI
  • Exchange: JSE
  • Founded: NaN
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: R3.253b
  • Shares outstanding: 335.32m
  • Website: https://www.clientele.co.za

Number of Employees


Location

  • Clientèle Limited
  • ClientEle Office Park
  • Corner Rivonia and Alon Roads
  • Morningside
  • North-West
  • 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 21:40
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.