Attacq (JSE:ATT) - Stock Price, News & Analysis

ATT Stock Overview

An innovative Real Estate Investment Trust (REIT) based in South Africa, with a vision to create sustainable value for all stakeholders.

About the company

ATT fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 26.2% below our estimate of its fair value

Earnings grew by 82.7% over the past year

Risk Analysis

Large one-off items impacting financial results

Unstable dividend track record

Attacq Limited Competitors

Burstone Group

JSE:BTN

R7.5b

SA Real Estate

JSE:SAC

R7.7b

Emira Property Fund

JSE:EMI

R5.1b

Octodec Investments

JSE:OCT

R3.2b

Price History & Performance

Summary of all time highs, changes and price drops for Attacq
Historical stock prices
Current Share Price	R13.32
52 Week High	R13.38
52 Week Low	R7.51
Beta	1.03
11 Month Change	19.14%
3 Month Change	21.20%
1 Year Change	64.24%
33 Year Change	91.38%
5 Year Change	5.55%
Change since IPO	-19.81%

Recent updates

Shareholder Returns

	ATT	ZA REITs	ZA Market
7D	3.0%	1.7%	3.0%
1Y	64.2%	32.8%	15.8%

Return vs Industry: ATT exceeded the ZA REITs industry which returned 30.2% over the past year.

Return vs Market: ATT exceeded the ZA Market which returned 12.1% over the past year.

Price Volatility

Is ATT's price volatile compared to industry and market?
ATT volatility
ATT Average Weekly Movement	4.1%
REITs Industry Average Movement	3.9%
Market Average Movement	5.0%
10% most volatile stocks in ZA Market	10.3%
10% least volatile stocks in ZA Market	3.1%

Stable Share Price: ATT has not had significant price volatility in the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
1997	n/a	Jackie van Niekerk	www.attacq.co.za

Attacq Limited, is an innovative Real Estate Investment Trust (REIT) based in South Africa, with a vision to create sustainable value for all stakeholders. Attacq is listed on both the Johannesburg Stock Exchange (JSE) and A2X Markets, demonstrating its commitment to transparency and accountability. Attacq focuses on developing and managing vibrant precincts in collaboration with like-minded partners.

Attacq Limited Fundamentals Summary

How do Attacq's earnings and revenue compare to its market cap?
ATT fundamental statistics
Market cap	R9.32b
Earnings (TTM)	R950.40m
Revenue (TTM)	R2.58b

9.8x

P/E Ratio

3.6x

P/S Ratio

Is ATT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ATT income statement (TTM)
Revenue	R2.58b
Cost of Revenue	R1.02b
Gross Profit	R1.56b
Other Expenses	R605.83m
Earnings	R950.40m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.36
Gross Margin	60.38%
Net Profit Margin	36.88%
Debt/Equity Ratio	39.0%

How did ATT perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

66%

Payout Ratio

Does ATT pay a reliable dividends?

See ATT dividend history and benchmarks

When do you need to buy ATT by to receive an upcoming dividend?
Attacq dividend dates
Ex Dividend Date	Oct 02 2024
Dividend Pay Date	Oct 07 2024
Days until Ex dividend	12 days
Days until Dividend pay date	17 days

Does ATT pay a reliable dividends?

See ATT dividend history and benchmarks

ATT Stock Overview

Rewards

Risk Analysis

Attacq Limited Competitors

JSE:BTN

R7.5b

JSE:SAC

R7.7b

JSE:EMI

R5.1b

JSE:OCT

R3.2b

Price History & Performance

Recent News & Updates

Full year 2024 earnings released: EPS: R1.35 (vs R0.74 in FY 2023)

Attacq Limited Declares Final Gross Cash Dividend, Payable on 7 October 2024

Price target increased by 12% to R11.60

Lango Real Estate Limited entered into an agreement to acquire AttAfrica Limited from Hyprop Investments Limited (JSE:HYP) and Attacq Limited (JSE:ATT) for $27.3 million.

Now 21% undervalued

Now 21% undervalued

Recent updates

Full year 2024 earnings released: EPS: R1.35 (vs R0.74 in FY 2023)

Attacq Limited Declares Final Gross Cash Dividend, Payable on 7 October 2024

Price target increased by 12% to R11.60

Lango Real Estate Limited entered into an agreement to acquire AttAfrica Limited from Hyprop Investments Limited (JSE:HYP) and Attacq Limited (JSE:ATT) for $27.3 million.

Now 21% undervalued

Now 21% undervalued

Price target decreased by 7.2% to R10.00

First half 2024 earnings released: FFO per share: R0.4 (vs R0.47 in 1H 2023)

First half dividend of R0.30 announced

PK Investments Limited reached agreement to acquire a 6.70856% stake in MAS P.L.C. (JSE:MSP) from Attacq Limited (JSE:ATT) for approximately ZAR 780 million.

Price target increased by 8.3% to R10.78

Attacq Limited to Report Fiscal Year 2024 Results on Sep 10, 2024

CFO & Director exercised options to buy R4.6m worth of stock.

Attacq Limited Announces Board Changes

Full year 2023 earnings released: EPS: R0.74 (vs R1.67 in FY 2022)

Attacq Limited Expects Final DPS for the Financial Year Ended 30 June 2023

Attacq Limited to Report Fiscal Year 2023 Results on Sep 28, 2023

The Government Employees Pension Fund(GEPF) agreed to acquire 30% stake in Atterbury Waterfall Investment Company Proprietary Limited from Attacq Limited (JSE:ATT) for ZAR 2.4 billion.

Upcoming dividend of R0.29 per share at 6.7% yield

First half 2023 earnings released: FFO per share: R0.5 (vs R0.29 in 1H 2022)

Price target increased by 21% to R9.50

Investor sentiment improves as stock rises 17%

Attacq Limited Announces Board Changes, Effective on February 1, 2023

Coronation Asset Management Proprietary Limited on behalf of its client acquired an unknown stake in Attacq Limited (JSE:ATT).

Now 21% undervalued

Now 21% undervalued

Price target decreased to R7.85

Price target decreased to R7.85

Upcoming dividend of R0.50 per share

Attacq Limited, Annual General Meeting, Nov 17, 2022

An unknown buyer acquired an unknown stake in Attacq Limited (JSE:ATT) from Lisinfo 222 Investments (Pty) Ltd.

Company Secretary Anda Matwa has left the company

Full year 2021 earnings released: EPS R0.22 (vs R5.35 loss in FY 2020)

Attacq Limited's Ordinary Shares to Be Deleted from Other OTC

CEO & Executive Director Melt Hamman has left the company

First half 2021 earnings released: FFO R0.31 per share (vs R0.57 in 1H 2020)

Attacq Limited, Annual General Meeting, Nov 18, 2021

Attacq Limited to Report Fiscal Year 2021 Results on Sep 14, 2021

Attacq Limited Appoints Thabo Patrick Leeuw as Independent Non-Executive Director

New 90-day high: R5.21

Attacq Limited Appoints Jacqueline Van Niekerk as Chief Executive Officer with Effect from 1 May 2021

Attacq Limited Appoints Allen Edwin Swiegers as Independent Non-Executive Director and Member of the Audit and Risk Committee

Price target lowered to R5.66

Attacq Limited Approves Retirement Mr. B Nagle as Director

Attacq Limited Announces Resignation of Melt Hamman as Chief Executive Officer

Attacq Limited Does Not Provide Guidance for the Financial Year Ending 30 June 2021

New 90-day low: R3.65

New 90-day low - R3.80

New 90-day low - R3.89

The underlying clients of Ninety One SA Proprietary Limited acquired an unknown additional minority stake in Attacq Limited (JSE:ATT).

Shareholder Returns

Price Volatility

About the Company

Attacq Limited Fundamentals Summary

9.8x

3.6x

Earnings & Revenue

Dividends

5.9%