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CGR

Calgro M3 HoldingsJSE:CGR Stock Report

Market Cap

R505.0m

7D

-7.6%

1Y

80.9%

Updated

25 Oct, 2021

Data

Company Financials
CGR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

CGR Overview

Calgro M3 Holdings Limited, together with its subsidiary, engages in the development of integrated residential properties in South Africa.

Calgro M3 Holdings Competitors

Balwin Properties

JSE:BWN

R1.8b

Vukile Property Fund

JSE:VKE

R11.8b

Raubex Group

JSE:RBX

R6.3b

Wilson Bayly Holmes-Ovcon

JSE:WBO

R5.8b

Price History & Performance

Summary of all time highs, changes and price drops for Calgro M3 Holdings
Historical stock prices
Current Share PriceR4.16
52 Week HighR1.62
52 Week LowR6.40
Beta-0.46
1 Month Change39.13%
3 Month Change47.00%
1 Year Change80.87%
3 Year Change-53.78%
5 Year Change-75.00%
Change since IPO26.44%

Recent News & Updates

Jul 05
Is Calgro M3 Holdings (JSE:CGR) Using Too Much Debt?

Is Calgro M3 Holdings (JSE:CGR) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

CGRZA Real EstateZA Market
7D-7.6%0.8%-0.03%
1Y80.9%49.0%19.0%

Return vs Industry: CGR exceeded the ZA Real Estate industry which returned 49% over the past year.

Return vs Market: CGR exceeded the ZA Market which returned 19% over the past year.

Price Volatility

Is CGR's price volatile compared to industry and market?
CGR volatility
CGR Beta-0.46
Industry Beta0.82
Market Beta1

Stable Share Price: CGR is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: CGR's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
1995n/aWikus Lateganhttps://www.calgrom3.com

Calgro M3 Holdings Limited, together with its subsidiary, engages in the development of integrated residential properties in South Africa. The company operates through three segments: Residential Property Development, Memorial Parks, and Residential Rental Investments. It also develops and manages memorial parks, as well as provides burial rights and maintenance services.

Calgro M3 Holdings Fundamentals Summary

How do Calgro M3 Holdings's earnings and revenue compare to its market cap?
CGR fundamental statistics
Market CapR505.02m
Earnings (TTM)R106.00m
Revenue (TTM)R1.06b

4.8x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CGR income statement (TTM)
RevenueR1.06b
Cost of RevenueR867.59m
Gross ProfitR191.95m
ExpensesR85.95m
EarningsR106.00m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.87
Gross Margin18.12%
Net Profit Margin10.00%
Debt/Equity Ratio105.4%

How did CGR perform over the long term?

See historical performance and comparison

Valuation

Is Calgro M3 Holdings undervalued compared to its fair value and its price relative to the market?

4.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CGR (ZAR4.16) is trading above our estimate of fair value (ZAR0.03)

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


Price To Earnings Ratio

PE vs Industry: CGR is good value based on its PE Ratio (4.8x) compared to the ZA Real Estate industry average (9.4x).

PE vs Market: CGR is good value based on its PE Ratio (4.8x) compared to the ZA market (11.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CGR's PB Ratio (0.6x) is in line with the ZA Real Estate industry average.


Future Growth

How is Calgro M3 Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.8%

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 Calgro M3 Holdings 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 Calgro M3 Holdings performed over the past 5 years?

-47.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CGR has a large one-off gain of ZAR48.0M impacting its August 31 2021 financial results.

Growing Profit Margin: CGR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CGR's earnings have declined by 47.8% per year over the past 5 years.

Accelerating Growth: CGR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CGR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (0.5%).


Return on Equity

High ROE: CGR's Return on Equity (12%) is considered low.


Financial Health

How is Calgro M3 Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CGR's short term assets (ZAR2.2B) exceed its short term liabilities (ZAR1.4B).

Long Term Liabilities: CGR's short term assets (ZAR2.2B) exceed its long term liabilities (ZAR200.4M).


Debt to Equity History and Analysis

Debt Level: CGR's debt to equity ratio (105.4%) is considered high.

Reducing Debt: CGR's debt to equity ratio has increased from 57.3% to 105.4% over the past 5 years.

Debt Coverage: CGR's debt is not well covered by operating cash flow (3.1%).

Interest Coverage: CGR's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


Dividend

What is Calgro M3 Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CGR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CGR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CGR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CGR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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

4.6yrs

Average management tenure


CEO

Wikus Lategan (41 yo)

4.58yrs

Tenure

R3,388,229

Compensation

Mr. Willem Jakobus Lategan, also known as Wikus, BCom (Hons), CA(SA), has been the Chief Executive Officer of Calgro M3 Holdings Limited since March 2017 and served as its Managing Director from June 1, 20...


CEO Compensation Analysis

Compensation vs Market: Wikus's total compensation ($USD230.34K) is about average for companies of similar size in the ZA market ($USD278.61K).

Compensation vs Earnings: Wikus's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CGR's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: CGR's board of directors are considered experienced (4.8 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

Calgro M3 Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Calgro M3 Holdings Limited
  • Ticker: CGR
  • Exchange: JSE
  • Founded: 1995
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: R505.024m
  • Shares outstanding: 121.40m
  • Website: https://www.calgrom3.com

Number of Employees


Location

  • Calgro M3 Holdings Limited
  • Calgro M3 Building
  • Ballywoods Office Park
  • Bryanston
  • Gauteng
  • 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 Analysis2021/10/25 21:40
End of Day Share Price2021/10/25 00:00
Earnings2021/08/31
Annual Earnings2021/02/28


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.