The Company was initially founded in March 2002 under the name of Tuffsan 89 Investment Holdings Proprietary.
Delta Property Fund Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R0.48|
|52 Week High||R0.26|
|52 Week Low||R0.66|
|1 Month Change||11.63%|
|3 Month Change||n/a|
|1 Year Change||65.52%|
|3 Year Change||-92.00%|
|5 Year Change||-93.81%|
|Change since IPO||-94.29%|
Recent News & Updates
|DLT||ZA REITs||ZA Market|
Return vs Industry: DLT exceeded the ZA REITs industry which returned 35% over the past year.
Return vs Market: DLT exceeded the ZA Market which returned 19% over the past year.
Stable Share Price: DLT is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: Insufficient data to determine DLT's volatility change over the past year.
About the Company
The Company was initially founded in March 2002 under the name of Tuffsan 89 Investment Holdings Proprietary. The Company made its first direct property investment with the acquisition of the Forum Building in Pretoria. With the management, expertise and deal-making capabilities of the founding shareholders, further acquisitions followed, including NPA Cape Town building, 110 Hamilton building, SARS Kimberley building, Cooper House building, Tivoli building and SARS Springs building.
Delta Property Fund Fundamentals Summary
|DLT fundamental statistics|
Is DLT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DLT income statement (TTM)|
|Cost of Revenue||R556.66m|
Last Reported Earnings
Feb 28, 2021
Next Earnings Date
Nov 08, 2021
|Earnings per share (EPS)||-0.64|
|Net Profit Margin||-32.27%|
How did DLT perform over the long term?See historical performance and comparison
Is Delta Property Fund undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DLT (ZAR0.48) is trading below our estimate of fair value (ZAR2.4)
Significantly Below Fair Value: DLT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DLT is unprofitable, so we can't compare its PE Ratio to the ZA REITs industry average.
PE vs Market: DLT 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 DLT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DLT is good value based on its PB Ratio (0.1x) compared to the ZA REITs industry average (0.6x).
How is Delta Property Fund 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 Delta Property Fund 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 Delta Property Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DLT is currently unprofitable.
Growing Profit Margin: DLT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DLT is unprofitable, and losses have increased over the past 5 years at a rate of 58.7% per year.
Accelerating Growth: Unable to compare DLT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DLT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (132.9%).
Return on Equity
High ROE: DLT has a negative Return on Equity (-13.04%), as it is currently unprofitable.
How is Delta Property Fund's financial position?
Financial Position Analysis
Short Term Liabilities: DLT's short term assets (ZAR390.6M) do not cover its short term liabilities (ZAR4.3B).
Long Term Liabilities: DLT's short term assets (ZAR390.6M) do not cover its long term liabilities (ZAR956.0M).
Debt to Equity History and Analysis
Debt Level: DLT's debt to equity ratio (139.5%) is considered high.
Reducing Debt: DLT's debt to equity ratio has increased from 91.2% to 139.5% over the past 5 years.
Debt Coverage: DLT's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: DLT's interest payments on its debt are not well covered by EBIT (1.9x coverage).
What is Delta Property Fund current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DLT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DLT'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 DLT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DLT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: DLT is not paying a notable dividend for the ZA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DLT's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bongi Masinga (54 yo)
Mrs. Sibongile Masinga, also known as Bongi, BCom, USA-SA Leadership and Entrepreneurship Program, Co-Founded Afropulse Group and has been the Chief Executive Officer since 2006. She serves as Acting CEO &...
CEO Compensation Analysis
Compensation vs Market: Bongi's total compensation ($USD415.69K) is above average for companies of similar size in the ZA market ($USD279.53K).
Compensation vs Earnings: Insufficient data to compare Bongi's compensation with company performance.
Experienced Management: DLT's management team is considered experienced (3 years average tenure).
Experienced Board: DLT's board of directors are considered experienced (3.4 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.
Delta Property Fund Limited's employee growth, exchange listings and data sources
- Name: Delta Property Fund Limited
- Ticker: DLT
- Exchange: JSE
- Founded: 2002
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: R342.830m
- Shares outstanding: 714.23m
- Website: https://www.deltafund.co.za
Number of Employees
- Delta Property Fund Limited
- Building 3, Silver Stream Office Park
- 10 Muswell Road South
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 21:05|
|End of Day Share Price||2021/10/22 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.