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Equites Property Fund JSE:EQU Stock Report

Last Price

R14.59

Market Cap

R11.4b

7D

-0.7%

1Y

4.6%

Updated

30 Dec, 2024

Data

Company Financials +

Equites Property Fund Limited

JSE:EQU Stock Report

Market Cap: R11.4b

EQU Stock Overview

A South African real estate investment trust, with a definite focus on being a market leader in the logistics property market by developing and acquiring A-grade, modern logistics facilities in prime locations in South Africa and the United Kingdom. More details

EQU fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends5/6

Rewards

Trading at 53.4% below our estimate of its fair value

Became profitable this year

Risk Analysis

Debt is not well covered by operating cash flow

Earnings have declined by 8.7% per year over past 5 years

Unstable dividend track record


My Notes

Capture your thoughts, links and company narrative

Equites Property Fund Limited Competitors

Hyprop Investments

JSE:HYP

R17.7b

Stor-Age Property REIT

JSE:SSS

R7.5b

Attacq

JSE:ATT

R9.5b

SA Real Estate

JSE:SAC

R7.4b

Price History & Performance

Summary of share price highs, lows and changes for Equites Property Fund
Historical stock prices
Current Share PriceR14.59
52 Week HighR15.33
52 Week LowR11.40
Beta0.35
1 Month Change0.76%
3 Month Change1.74%
1 Year Change4.59%
3 Year Change-36.15%
5 Year Change-25.94%
Change since IPO35.72%

Recent News & Updates

Recent updates

Shareholder Returns

EQUZA Industrial REITsZA Market
7D-0.7%1.3%-0.3%
1Y4.6%-12.9%7.8%

Return vs Industry: EQU exceeded the ZA Industrial REITs industry which returned -12.9% over the past year.

Return vs Market: EQU underperformed the ZA Market which returned 7.8% over the past year.

Price Volatility

Is EQU's price volatile compared to industry and market?
EQU volatility
EQU Average Weekly Movement2.3%
Industrial REITs Industry Average Movement2.7%
Market Average Movement4.2%
10% most volatile stocks in ZA Market9.2%
10% least volatile stocks in ZA Market2.5%

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

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

About the Company

FoundedEmployeesCEOWebsite
2013n/aAndrea Taverna-Turisanwww.equites.co.za

Equites Property Fund Limited is a South African real estate investment trust, with a definite focus on being a market leader in the logistics property market by developing and acquiring A-grade, modern logistics facilities in prime locations in South Africa and the United Kingdom. Equites listed on the Johannesburg Stock Exchange on 18 June 2014 with a portfolio value of R1 billion and has since grown to a portfolio value of R25.7 billion at 28 February 2022. The group continues to grow its portfolio through a significant development pipeline and high-quality acquisitions.

Equites Property Fund Limited Fundamentals Summary

How do Equites Property Fund's earnings and revenue compare to its market cap?
EQU fundamental statistics
Market capR11.39b
Earnings (TTM)R917.02m
Revenue (TTM)R3.25b

12.4x

P/E Ratio

3.5x

P/S Ratio

Is EQU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EQU income statement (TTM)
RevenueR3.25b
Cost of RevenueR1.26b
Gross ProfitR1.99b
Other ExpensesR1.07b
EarningsR917.02m

Last Reported Earnings

Aug 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.17
Gross Margin61.15%
Net Profit Margin28.24%
Debt/Equity Ratio74.4%

How did EQU perform over the long term?

See historical performance and comparison

Dividends

9.1%

Current Dividend Yield

89%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 00:03
End of Day Share Price 2024/12/30 00:00
Earnings2024/08/31
Annual Earnings2024/02/29

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 here.

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 .

Analyst Sources

Equites Property Fund Limited is covered by 9 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
Mahir HamdulayAbsa Bank Limited
Francois Du ToitAnchor Stockbrokers Proprietary Limited
Pranita DayaAnchor Stockbrokers Proprietary Limited