Hyprop is a retail-focused REIT listed on the JSE with interests in a R48.5 billion portfolio of shopping centres in South Africa, Eastern Europe and sub-Saharan Africa.
Hyprop Investments Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R29.40|
|52 Week High||R18.34|
|52 Week Low||R34.29|
|1 Month Change||1.70%|
|3 Month Change||14.49%|
|1 Year Change||43.56%|
|3 Year Change||-67.69%|
|5 Year Change||-75.23%|
|Change since IPO||-64.92%|
Recent News & Updates
|HYP||ZA REITs||ZA Market|
Return vs Industry: HYP exceeded the ZA REITs industry which returned 41.5% over the past year.
Return vs Market: HYP exceeded the ZA Market which returned 20.8% over the past year.
Stable Share Price: HYP is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: HYP's weekly volatility (7%) has been stable over the past year.
About the Company
Hyprop is a retail-focused REIT listed on the JSE with interests in a R48.5 billion portfolio of shopping centres in South Africa, Eastern Europe and sub-Saharan Africa. The Company’s focus is on creating environments and opportunities for people to connect and have authentic and meaningful experiences. It does so by owning and managing dominant retail centres in mixed-used precincts, in key economic nodes in South Africa and Eastern Europe.
Hyprop Investments Fundamentals Summary
|HYP fundamental statistics|
Is HYP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HYP income statement (TTM)|
|Cost of Revenue||R1.18b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-2.64|
|Net Profit Margin||-29.22%|
How did HYP perform over the long term?See historical performance and comparison
11.4%Current Dividend Yield
Is Hyprop Investments 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: HYP (ZAR29.4) is trading below our estimate of fair value (ZAR174.17)
Significantly Below Fair Value: HYP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HYP is unprofitable, so we can't compare its PE Ratio to the ZA REITs industry average.
PE vs Market: HYP 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 HYP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HYP is good value based on its PB Ratio (0.5x) compared to the ZA REITs industry average (0.7x).
How is Hyprop Investments forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if HYP's forecast earnings growth is above the savings rate (8.8%).
Earnings vs Market: Insufficient data to determine if HYP's earnings are forecast to grow faster than the ZA market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HYP's revenue (0.7% per year) is forecast to grow slower than the ZA market (6.2% per year).
High Growth Revenue: HYP's revenue (0.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HYP's Return on Equity is forecast to be low in 3 years time (11.2%).
How has Hyprop Investments performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HYP is currently unprofitable.
Growing Profit Margin: HYP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HYP is unprofitable, and losses have increased over the past 5 years at a rate of 63.7% per year.
Accelerating Growth: Unable to compare HYP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HYP is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (132.9%).
Return on Equity
High ROE: HYP has a negative Return on Equity (-4.34%), as it is currently unprofitable.
How is Hyprop Investments's financial position?
Financial Position Analysis
Short Term Liabilities: HYP's short term assets (ZAR3.9B) exceed its short term liabilities (ZAR3.1B).
Long Term Liabilities: HYP's short term assets (ZAR3.9B) do not cover its long term liabilities (ZAR4.5B).
Debt to Equity History and Analysis
Debt Level: HYP's debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: HYP's debt to equity ratio has reduced from 43.3% to 28.7% over the past 5 years.
Debt Coverage: HYP's debt is well covered by operating cash flow (22.7%).
Interest Coverage: HYP's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Hyprop Investments's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HYP's dividend (11.45%) is higher than the bottom 25% of dividend payers in the ZA market (3.11%).
High Dividend: HYP's dividend (11.45%) is in the top 25% of dividend payers in the ZA market (8.07%)
Stability and Growth of Payments
Stable Dividend: HYP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: HYP has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: HYP is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: HYP's dividends in 3 years are forecast to be covered by earnings (100% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Morné Wilken (50 yo)
Mr. Morné C. Wilken, B.Eng (Hons) Industrial, has been the Chief Executive Officer and Executive Director of Hyprop Investments Limited since December 27, 2018. Mr. Wilken was Chief Executive Officer of MA...
CEO Compensation Analysis
Compensation vs Market: Morné's total compensation ($USD344.28K) is below average for companies of similar size in the ZA market ($USD905.06K).
Compensation vs Earnings: Morné's compensation has been consistent with company performance over the past year.
Experienced Management: HYP's management team is considered experienced (3 years average tenure).
Experienced Board: HYP's board of directors are considered experienced (3.3 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 been diluted in the past year, with total shares outstanding growing by 20.9%.
Hyprop Investments Limited's employee growth, exchange listings and data sources
- Name: Hyprop Investments Limited
- Ticker: HYP
- Exchange: JSE
- Founded: 1987
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: R9.039b
- Shares outstanding: 307.44m
- Website: https://www.hyprop.co.za
Number of Employees
- Hyprop Investments Limited
- Cradock Heights
- 2nd Floor
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 22:02|
|End of Day Share Price||2021/10/20 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.