| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
HET Overview
Heriot Properties (Pty) Ltd. operates as a property holding company.
Heriot REIT Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R11.50 |
| 52 Week High | R10.10 |
| 52 Week Low | R11.50 |
| Beta | -0.0067 |
| 1 Month Change | 0% |
| 3 Month Change | 0% |
| 1 Year Change | 0% |
| 3 Year Change | 4.55% |
| 5 Year Change | n/a |
| Change since IPO | 15.00% |
Recent News & Updates
Should You Be Concerned About Heriot REIT Limited's (JSE:HET) ROE?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Shareholder Returns
| HET | ZA REITs | ZA Market | |
|---|---|---|---|
| 7D | 0% | -0.5% | -0.7% |
| 1Y | 0% | 35.0% | 19.0% |
Return vs Industry: HET underperformed the ZA REITs industry which returned 36.1% over the past year.
Return vs Market: HET underperformed the ZA Market which returned 19.9% over the past year.
Price Volatility
| HET volatility | |
|---|---|
| HET Beta | -0.0067 |
| Industry Beta | 0.89 |
| Market Beta | 1 |
Stable Share Price: Insufficient data to determine HET's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine HET's volatility change over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | n/a | Richard Herring | https://www.heriotreit.com |
Heriot Properties (Pty) Ltd. operates as a property holding company. The company offers investment analysis, project management, property development and management, and retail services. Its projects include industrial, retail, office, and other projects.
Heriot REIT Fundamentals Summary
| HET fundamental statistics | |
|---|---|
| Market Cap | R2.94b |
| Earnings (TTM) | R313.03m |
| Revenue (TTM) | R501.87m |
9.4x
P/E Ratio5.9x
P/S RatioIs HET overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HET income statement (TTM) | |
|---|---|
| Revenue | R501.87m |
| Cost of Revenue | R154.62m |
| Gross Profit | R347.25m |
| Expenses | R34.22m |
| Earnings | R313.03m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.23 |
| Gross Margin | 69.19% |
| Net Profit Margin | 62.37% |
| Debt/Equity Ratio | 61.9% |
How did HET perform over the long term?
See historical performance and comparisonDividends
8.2%
Current Dividend Yield88%
Payout RatioValuation
Is Heriot REIT undervalued compared to its fair value and its price relative to the market?
23.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HET (ZAR11.5) is trading below our estimate of fair value (ZAR15.08)
Significantly Below Fair Value: HET is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HET is good value based on its PE Ratio (9.4x) compared to the ZA REITs industry average (10.2x).
PE vs Market: HET is good value based on its PE Ratio (9.4x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HET's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HET is overvalued based on its PB Ratio (1x) compared to the ZA REITs industry average (0.6x).
Future Growth
How is Heriot REIT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
11.7%
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 Heriot REIT 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 Heriot REIT performed over the past 5 years?
278.5%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: HET has a large one-off gain of ZAR100.0M impacting its June 30 2021 financial results.
Growing Profit Margin: HET's current net profit margins (62.4%) are higher than last year (16.3%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if HET's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare HET's past year earnings growth to its 5-year average.
Earnings vs Industry: HET earnings growth over the past year (278.5%) exceeded the REITs industry 132.9%.
Return on Equity
High ROE: HET's Return on Equity (10.9%) is considered low.
Financial Health
How is Heriot REIT's financial position?
Financial Position Analysis
Short Term Liabilities: HET's short term assets (ZAR202.1M) do not cover its short term liabilities (ZAR522.6M).
Long Term Liabilities: HET's short term assets (ZAR202.1M) do not cover its long term liabilities (ZAR1.5B).
Debt to Equity History and Analysis
Debt Level: HET's debt to equity ratio (61.9%) is considered high.
Reducing Debt: Insufficient data to determine if HET's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HET's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: HET's interest payments on its debt are well covered by EBIT (3x coverage).
Balance Sheet
Dividend
What is Heriot REIT current dividend yield, its reliability and sustainability?
8.15%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HET's dividend (8.15%) is higher than the bottom 25% of dividend payers in the ZA market (3.08%).
High Dividend: HET's dividend (8.15%) is in the top 25% of dividend payers in the ZA market (8.02%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HET has been paying a dividend for less than 10 years.
Growing Dividend: HET's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.1%), HET's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average board tenure
CEO
Richard Herring (49 yo)
4.17yrs
Tenure
R4,842,000
Compensation
Mr. Richard Lawrence Herring serves as Chief Executive Officer at Heriot REIT Limited since August 18, 2018 and serves as its Executive Director. Mr. Herring is a qualified Chartered Accountant and served...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD332.14K) is below average for companies of similar size in the ZA market ($USD499.93K).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: HET's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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
Heriot REIT Limited's employee growth, exchange listings and data sources
Key Information
- Name: Heriot REIT Limited
- Ticker: HET
- Exchange: JSE
- Founded: NaN
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: R2.937b
- Shares outstanding: 255.40m
- Website: https://www.heriotreit.com
Location
- Heriot REIT Limited
- 3 Melrose Boulevard
- Suite 1
- Johannesburg
- Gauteng
- 2196
- South Africa
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/21 21:04 |
| End of Day Share Price | 2021/10/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.