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OAS

Oasis Crescent Property FundJSE:OAS Stock Report

Market Cap

R1.4b

7D

-2.4%

1Y

-3.5%

Updated

24 Oct, 2021

Data

Company Financials
OAS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

OAS Overview

Oasis Crescent Property Fund Managers Ltd.

Price History & Performance

Summary of all time highs, changes and price drops for Oasis Crescent Property Fund
Historical stock prices
Current Share PriceR20.75
52 Week HighR18.75
52 Week LowR26.51
Beta0.030
1 Month Change-1.19%
3 Month Change5.06%
1 Year Change-3.49%
3 Year Change-1.19%
5 Year Change3.49%
Change since IPO101.46%

Recent News & Updates

Shareholder Returns

OASZA REITsZA Market
7D-2.4%-1.0%-0.03%
1Y-3.5%31.4%19.0%

Return vs Industry: OAS underperformed the ZA REITs industry which returned 31.4% over the past year.

Return vs Market: OAS underperformed the ZA Market which returned 19% over the past year.

Price Volatility

Is OAS's price volatile compared to industry and market?
OAS volatility
OAS Beta0.030
Industry Beta0.89
Market Beta1

Stable Share Price: OAS is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: OAS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/an/ahttps://www.oasiscrescent.com/default/content.aspx?initial=true&moveto=609

Oasis Crescent Property Fund Managers Ltd. was established to manage and administer direct property funds that subscribe to the principles of Islamic finance to enable investors to diversify the asset allocation of their investment portfolio. The company is responsible for the management of a duly authorised collective investment scheme in property that was created in terms of the Collective Investment Schemes Control Act with the following objectives: Provide sustainable income and real returns for investors, Provide an opportunity for clients to diversify their portfolios by investing in a liquid and transparent Shari’ah compliant property fund in the regulated environment of the JSE, Build a high-quality property portfolio consisting of commercial, industrial and retail properties backed by national, multi-national and government tenants.

Oasis Crescent Property Fund Fundamentals Summary

How do Oasis Crescent Property Fund's earnings and revenue compare to its market cap?
OAS fundamental statistics
Market CapR1.38b
Earnings (TTM)R101.89m
Revenue (TTM)R107.77m

13.5x

P/E Ratio

12.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OAS income statement (TTM)
RevenueR107.77m
Cost of RevenueR47.72m
Gross ProfitR60.05m
Expenses-R41.84m
EarningsR101.89m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.53
Gross Margin55.72%
Net Profit Margin94.55%
Debt/Equity Ratio0%

How did OAS perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

53%

Payout Ratio

Valuation

Is Oasis Crescent Property Fund undervalued compared to its fair value and its price relative to the market?

13.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OAS (ZAR20.75) is trading above our estimate of fair value (ZAR16.66)

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


Price To Earnings Ratio

PE vs Industry: OAS is poor value based on its PE Ratio (13.5x) compared to the ZA REITs industry average (9.9x).

PE vs Market: OAS is poor value based on its PE Ratio (13.5x) compared to the ZA market (11.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: OAS is overvalued based on its PB Ratio (0.9x) compared to the ZA REITs industry average (0.6x).


Future Growth

How is Oasis Crescent Property Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.8%

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 Oasis Crescent 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.


Past Performance

How has Oasis Crescent Property Fund performed over the past 5 years?

-3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OAS has a large one-off gain of ZAR43.9M impacting its March 31 2021 financial results.

Growing Profit Margin: OAS's current net profit margins (94.5%) are higher than last year (42%).


Past Earnings Growth Analysis

Earnings Trend: OAS's earnings have declined by 3.9% per year over the past 5 years.

Accelerating Growth: OAS's earnings growth over the past year (111.5%) exceeds its 5-year average (-3.9% per year).

Earnings vs Industry: OAS earnings growth over the past year (111.5%) underperformed the REITs industry 132.9%.


Return on Equity

High ROE: OAS's Return on Equity (6.9%) is considered low.


Financial Health

How is Oasis Crescent Property Fund's financial position?


Financial Position Analysis

Short Term Liabilities: OAS's short term assets (ZAR175.8M) exceed its short term liabilities (ZAR43.9M).

Long Term Liabilities: OAS's short term assets (ZAR175.8M) exceed its long term liabilities (ZAR1.6M).


Debt to Equity History and Analysis

Debt Level: OAS is debt free.

Reducing Debt: OAS has not had any debt for past 5 years.

Debt Coverage: OAS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: OAS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Oasis Crescent Property Fund current dividend yield, its reliability and sustainability?

4.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OAS's dividend (4.28%) is higher than the bottom 25% of dividend payers in the ZA market (3.14%).

High Dividend: OAS's dividend (4.28%) is low compared to the top 25% of dividend payers in the ZA market (7.52%).


Stability and Growth of Payments

Stable Dividend: OAS's dividend payments have been volatile in the past 10 years.

Growing Dividend: OAS's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.6%), OAS's dividend 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?


CEO

Oasis Crescent Property Fund has no CEO, or we have no data on them.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2%.


Top Shareholders

Company Information

Oasis Crescent Property Fund's employee growth, exchange listings and data sources


Key Information


Location

  • Oasis Crescent Property Fund
  • Oasis House
  • 96 Upper Roodebloem Road
  • Cape Town
  • Western Cape
  • 7925
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 17:04
End of Day Share Price2021/10/22 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.