How does OCT's PE Ratio compare to its peers?

OCT is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (14.6x).

How does OCT's PE Ratio compare vs other companies in the Global REITs Industry?

OCT is good value based on its Price-To-Earnings Ratio (9.4x) compared to the Global REITs industry average (16.1x).

What is OCT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate OCT's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of OCT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

OCT (ZAR12.38) is trading below our estimate of [[fair value]] (ZAR13.23)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Octodec Investments (JSE:OCT) - Stock Price, News & Analysis

OCT Stock Overview

Octodec Investments Limited (Octodec or the company), its subsidiaries and associated company (the group) is a real estate investment trust (REIT) listed on the JSE Ltd (JSE) and A2X, with a diversified portfolio of 238 residential, retail, office and industrial properties situated in the major metropolitan areas of Tshwane and Johannesburg. More details

OCT fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	0/6
Dividends	4/6

Rewards

Trading at 6.4% below our estimate of its fair value

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record

Profit margins (17.2%) are lower than last year (36.9%)

Octodec Investments Limited Competitors

Spear Reit

JSE:SEA

R2.5b

Emira Property Fund

JSE:EMI

R5.6b

SA Real Estate

JSE:SAC

R7.3b

Burstone Group

JSE:BTN

R8.1b

Price History & Performance

Summary of all time highs, changes and price drops for Octodec Investments
Historical stock prices
Current Share Price	R12.38
52 Week High	R12.84
52 Week Low	R8.50
Beta	0.82
11 Month Change	4.92%
3 Month Change	16.79%
1 Year Change	42.46%
33 Year Change	47.38%
5 Year Change	-20.13%
Change since IPO	-40.19%

Recent updates

Shareholder Returns

	OCT	ZA REITs	ZA Market
7D	-2.0%	1.5%	0.3%
1Y	42.5%	30.3%	15.2%

Return vs Industry: OCT exceeded the ZA REITs industry which returned 30.3% over the past year.

Return vs Market: OCT exceeded the ZA Market which returned 15.2% over the past year.

Price Volatility

Is OCT's price volatile compared to industry and market?
OCT volatility
OCT Average Weekly Movement	3.3%
REITs Industry Average Movement	3.3%
Market Average Movement	4.4%
10% most volatile stocks in ZA Market	9.2%
10% least volatile stocks in ZA Market	2.6%

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

Volatility Over Time: OCT's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	191	Jeff Wapnick	www.octodec.co.za

Octodec Investments Limited Fundamentals Summary

How do Octodec Investments's earnings and revenue compare to its market cap?
OCT fundamental statistics
Market cap	R3.30b
Earnings (TTM)	R349.30m
Revenue (TTM)	R2.03b

9.4x

P/E Ratio

1.6x

P/S Ratio

Is OCT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OCT income statement (TTM)
Revenue	R2.03b
Cost of Revenue	R1.07b
Gross Profit	R959.91m
Other Expenses	R610.61m
Earnings	R349.30m

Last Reported Earnings

Feb 29, 2024

Next Earnings Date

Nov 25, 2024

Earnings per share (EPS)	1.31
Gross Margin	47.35%
Net Profit Margin	17.23%
Debt/Equity Ratio	67.8%

How did OCT perform over the long term?

See historical performance and comparison

Dividends

10.9%

Current Dividend Yield

85%

Payout Ratio

OCT Stock Overview

Rewards

Risk Analysis

Octodec Investments Limited Competitors

JSE:SEA

R2.5b

JSE:EMI

R5.6b

JSE:SAC

R7.3b

JSE:BTN

R8.1b

Price History & Performance

Recent News & Updates

Octodec Investments Limited Appoints Riaan Erasmus as Deputy Chief Executive Officer, Effective from 30 November 2024

Insufficient new directors

Octodec Investments Limited to Report Fiscal Year 2024 Final Results on Nov 26, 2024

Upcoming dividend of R0.60 per share

First half dividend of R0.60 announced

Octodec Investments Limited, Annual General Meeting, Feb 01, 2024

Recent updates

Octodec Investments Limited Appoints Riaan Erasmus as Deputy Chief Executive Officer, Effective from 30 November 2024

Insufficient new directors

Octodec Investments Limited to Report Fiscal Year 2024 Final Results on Nov 26, 2024

Upcoming dividend of R0.60 per share

First half dividend of R0.60 announced

Octodec Investments Limited, Annual General Meeting, Feb 01, 2024

Upcoming dividend of R0.75 per share at 14% yield

Upcoming dividend of R0.60 per share at 14% yield

First half 2023 earnings released: EPS: R1.35 (vs R0.90 in 1H 2022)

Octodec Investments Limited to Report First Half, 2023 Results on May 16, 2023

Full year 2022 earnings released: EPS: R2.27 (vs R0.66 loss in FY 2021)

Octodec Investments Limited, Annual General Meeting, Feb 03, 2023

Now 20% undervalued

Upcoming dividend of R0.80 per share

Full year 2022 earnings released: EPS: R2.28 (vs R0.66 loss in FY 2021)

Catalyst Fund Managers (Pty) Limited acquired unknown minority stakes in Octodec Investments Limited (JSE:OCT).

Investor sentiment improved over the past week

Upcoming dividend of R0.50 per share

First half 2022 earnings released

High number of new directors

Non-Executive Director recently bought R149k worth of stock

Octodec Investments Limited to Report Fiscal Year 2022 Results on Nov 01, 2022

Octodec Investments Limited Advises Gerard Kemp to Stepped Down from the Board of Directors

High number of new directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of R0.50 per share

Full year 2021 earnings released: R0.66 loss per share (vs R3.35 loss in FY 2020)

First half 2021 earnings released: R0.73 loss per share (vs R0.13 profit in 1H 2020)

Octodec Investments Limited Announces Management Changes

Key Executive recently sold R341k worth of stock

Octodec Investments Limited to Report Fiscal Year 2021 Results on Nov 02, 2021

Upcoming Dividend of R1.00 Per Share

New 90-day high: R8.00

Catalyst Fund Managers Proprietary Limited acquired an additional unknown minority stake in Octodec Investments Limited (JSE:OCT).

New 90-day high: R7.90

New 90-day high: R7.75

New 90-day high: R7.00

Full year 2020 earnings released: R3.35 loss per share

Market bids up stock over the past week

New 90-day high: R6.60