Arrowhead is a diversified South African Real Estate Investment Trust (“REIT”) focused on creating long-term shareholder value.
Arrowhead Properties Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R14.00|
|52 Week High||R7.01|
|52 Week Low||R14.00|
|1 Month Change||7.69%|
|3 Month Change||27.27%|
|1 Year Change||84.45%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||38.34%|
Recent News & Updates
|AHA||ZA REITs||ZA Market|
Return vs Industry: AHA exceeded the ZA REITs industry which returned 39.5% over the past year.
Return vs Market: AHA exceeded the ZA Market which returned 21.3% over the past year.
Stable Share Price: AHA is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: AHA's weekly volatility (8%) has been stable over the past year.
About the Company
Arrowhead is a diversified South African Real Estate Investment Trust (“REIT”) focused on creating long-term shareholder value. Arrowhead holds a diverse portfolio of retail, office and industrial properties valued at R9.7 billion. As at 30 September 2020, Arrowhead also held a 60.0% interest (2019: 59.6 %) in its subsidiary, Indluplace Properties Limited (“Indluplace”), which owns a portfolio of residential properties.
Arrowhead Properties Fundamentals Summary
|AHA fundamental statistics|
Is AHA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AHA income statement (TTM)|
|Cost of Revenue||R913.82m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.19|
|Net Profit Margin||-9.33%|
How did AHA perform over the long term?See historical performance and comparison
8.2%Current Dividend Yield
Is Arrowhead Properties undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: AHA (ZAR14) is trading above our estimate of fair value (ZAR8.4)
Significantly Below Fair Value: AHA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AHA is unprofitable, so we can't compare its PE Ratio to the ZA REITs industry average.
PE vs Market: AHA is unprofitable, so we can't compare its PE Ratio to the ZA market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AHA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AHA is overvalued based on its PB Ratio (2x) compared to the ZA REITs industry average (0.6x).
How is Arrowhead Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate 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 Arrowhead Properties 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.
How has Arrowhead Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AHA is currently unprofitable.
Growing Profit Margin: AHA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AHA is unprofitable, and losses have increased over the past 5 years at a rate of 64.5% per year.
Accelerating Growth: Unable to compare AHA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AHA is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (132.9%).
Return on Equity
High ROE: AHA has a negative Return on Equity (-3.49%), as it is currently unprofitable.
How is Arrowhead Properties's financial position?
Financial Position Analysis
Short Term Liabilities: AHA's short term assets (ZAR1.1B) exceed its short term liabilities (ZAR1.1B).
Long Term Liabilities: AHA's short term assets (ZAR1.1B) do not cover its long term liabilities (ZAR5.2B).
Debt to Equity History and Analysis
Debt Level: AHA's debt to equity ratio (74.2%) is considered high.
Reducing Debt: AHA's debt to equity ratio has increased from 28.1% to 74.2% over the past 5 years.
Debt Coverage: AHA's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: AHA's interest payments on its debt are not well covered by EBIT (2.1x coverage).
What is Arrowhead Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AHA's dividend (8.25%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: AHA's dividend (8.25%) is in the top 25% of dividend payers in the ZA market (8.09%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AHA has been paying a dividend for less than 10 years.
Growing Dividend: AHA's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (78.1%), AHA's 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Kaplan (41 yo)
Mr. Mark Jonathan Kaplan, BBusSc, Finance (Hons), has been Chief Executive Officer and Executive Director of Arrowhead Properties limited. He was the co-founder of Arrowgem. Mr. Kaplan had been the Chief E...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD726.65K) is about average for companies of similar size in the ZA market ($USD731.45K).
Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.
Experienced Management: AHA's management team is considered experienced (3.6 years average tenure).
Experienced Board: AHA's board of directors are considered experienced (4.7 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Arrowhead Properties Limited's employee growth, exchange listings and data sources
- Name: Arrowhead Properties Limited
- Ticker: AHA
- Exchange: JSE
- Founded: 2011
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: R4.543b
- Shares outstanding: 965.40m
- Website: https://www.arrowheadproperties.co.za
Number of Employees
- Arrowhead Properties Limited
- Upper Building
- 3rd Floor
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 17:01|
|End of Day Share Price||2021/10/15 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.