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Burstone Group LimitedJSE:BTN Stock Report

Market Cap R6.5b
Share Price
R8.32
My Fair Value
R10.6
21.5% undervalued intrinsic discount
1Y-14.1%
7D2.1%
Portfolio Value
View

Burstone Group Limited

JSE:BTN Stock Report

Market Cap: R6.5b

Burstone Group (BTN) Stock Overview

A South African Real Estate Investment Trust, (REIT), which listed on the JSE in the Real Estate Holdings and Development Sector on 14 April 2011. More details

BTN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends2/6

BTN Community Fair Values

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Burstone Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Burstone Group
Historical stock prices
Current Share PriceR8.32
52 Week HighR10.26
52 Week LowR7.50
Beta0.18
1 Month Change0.60%
3 Month Change2.72%
1 Year Change-14.14%
3 Year Change-15.53%
5 Year Change-4.37%
Change since IPO-26.37%

Recent News & Updates

Here's Why Burstone Group Limited's (JSE:BTN) CEO Compensation Is The Least Of Shareholders' Concerns

Aug 27
Here's Why Burstone Group Limited's (JSE:BTN) CEO Compensation Is The Least Of Shareholders' Concerns

Recent updates

Here's Why Burstone Group Limited's (JSE:BTN) CEO Compensation Is The Least Of Shareholders' Concerns

Aug 27
Here's Why Burstone Group Limited's (JSE:BTN) CEO Compensation Is The Least Of Shareholders' Concerns

Shareholder Returns

BTNZA REITsZA Market
7D2.1%4.1%2.3%
1Y-14.1%7.0%21.5%

Return vs Industry: BTN underperformed the ZA REITs industry which returned 7% over the past year.

Return vs Market: BTN underperformed the ZA Market which returned 21.5% over the past year.

Price Volatility

Is BTN's price volatile compared to industry and market?
BTN volatility
BTN Average Weekly Movement2.4%
REITs Industry Average Movement2.7%
Market Average Movement4.4%
10% most volatile stocks in ZA Market9.9%
10% least volatile stocks in ZA Market2.4%

Stable Share Price: BTN has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: BTN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197442Andrew Woolerwww.burstone.com

Burstone Group Limited is a South African Real Estate Investment Trust, (REIT), which listed on the JSE in the Real Estate Holdings and Development Sector on 14 April 2011. At 31 March 2025 the Group comprised a portfolio of 58 properties in South Africa with a total GLA of 845 345 m2 valued at R13.3 billion. In addition, the Group has the following investments: Pan-European Logistics in Europe (20%) valued at R1.75 billion; Australia (50/50 JV (Irongate Group Holdings), 18.67% in Irongate Templewater Australia Property Fund Limited (ITAP), 19.9% in Irongate Industrial Property Trust No. 1 (previously called Smithfield) and a 15% investment in the Irongate Industrial Property Trust No. 2 structure valued at R0.7 billion.

Burstone Group Limited Fundamentals Summary

How do Burstone Group's earnings and revenue compare to its market cap?
BTN fundamental statistics
Market capR6.54b
Earnings (TTM)-R2.22b
Revenue (TTM)R2.01b
3.3x
P/S Ratio
-3.0x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BTN income statement (TTM)
RevenueR2.01b
Cost of RevenueR754.55m
Gross ProfitR1.25b
Other ExpensesR3.48b
Earnings-R2.22b

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

Nov 19, 2025

Earnings per share (EPS)-2.80
Gross Margin62.44%
Net Profit Margin-110.69%
Debt/Equity Ratio81.5%

How did BTN perform over the long term?

See historical performance and comparison

Dividends

11.1%
Current Dividend Yield
455%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/07 18:50
End of Day Share Price 2025/10/07 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Burstone Group Limited is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nazeem SamsodienInvestec Bank plc (UK)
Mahir HamdulayMacquarie Research
Mweishö NeneSBG Securities (Proprietary) Limited