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PPR

PutpropJSE:PPR Stock Report

Market Cap

R178.1m

7D

0%

1Y

29.2%

Updated

25 Oct, 2021

Data

Company Financials
PPR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends2/6

PPR Overview

Putprop Limited operates as a property investment company in South Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Putprop
Historical stock prices
Current Share PriceR4.20
52 Week HighR2.61
52 Week LowR4.90
Beta-0.0013
1 Month Change26.89%
3 Month Change36.81%
1 Year Change29.23%
3 Year Change-14.29%
5 Year Change-26.32%
Change since IPO500.00%

Recent News & Updates

Sep 29
Statutory Profit Doesn't Reflect How Good Putprop's (JSE:PPR) Earnings Are

Statutory Profit Doesn't Reflect How Good Putprop's (JSE:PPR) Earnings Are

When companies post strong earnings, the stock generally performs well, just like Putprop Limited's ( JSE:PPR ) stock...

Aug 30
Putprop Limited's (JSE:PPR) Shares Climb 30% But Its Business Is Yet to Catch Up

Putprop Limited's (JSE:PPR) Shares Climb 30% But Its Business Is Yet to Catch Up

Putprop Limited ( JSE:PPR ) shareholders have had their patience rewarded with a 30% share price jump in the last...

Shareholder Returns

PPRZA Real EstateZA Market
7D0%0.8%-0.03%
1Y29.2%49.0%19.0%

Return vs Industry: PPR underperformed the ZA Real Estate industry which returned 49% over the past year.

Return vs Market: PPR exceeded the ZA Market which returned 19% over the past year.

Price Volatility

Is PPR's price volatile compared to industry and market?
PPR volatility
PPR Beta-0.0013
Industry Beta0.82
Market Beta1

Stable Share Price: PPR is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: PPR's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a7Bruno Carleohttps://www.putprop.co.za

Putprop Limited operates as a property investment company in South Africa. The company operates through Industrial, Retail, Commercial, and Residential segments. It invests in industrial, commercial, and retail properties.

Putprop Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
PPR income statement (TTM)
RevenueR75.07m
Cost of RevenueR26.18m
Gross ProfitR48.89m
ExpensesR26.17m
EarningsR22.71m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.54
Gross Margin65.12%
Net Profit Margin30.26%
Debt/Equity Ratio81.4%

How did PPR perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is Putprop undervalued compared to its fair value and its price relative to the market?

41.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PPR (ZAR4.2) is trading below our estimate of fair value (ZAR7.23)

Significantly Below Fair Value: PPR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PPR is good value based on its PE Ratio (7.8x) compared to the ZA Real Estate industry average (9.4x).

PE vs Market: PPR is good value based on its PE Ratio (7.8x) compared to the ZA market (11.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PPR is good value based on its PB Ratio (0.3x) compared to the ZA Real Estate industry average (0.6x).


Future Growth

How is Putprop forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.8%

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 Putprop 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 Putprop performed over the past 5 years?

-7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PPR has a large one-off loss of ZAR14.7M impacting its June 30 2021 financial results.

Growing Profit Margin: PPR's current net profit margins (30.3%) are higher than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: PPR's earnings have declined by 7.5% per year over the past 5 years.

Accelerating Growth: PPR's earnings growth over the past year (687.6%) exceeds its 5-year average (-7.5% per year).

Earnings vs Industry: PPR earnings growth over the past year (687.6%) exceeded the Real Estate industry 0.5%.


Return on Equity

High ROE: PPR's Return on Equity (3.6%) is considered low.


Financial Health

How is Putprop's financial position?


Financial Position Analysis

Short Term Liabilities: PPR's short term assets (ZAR53.8M) exceed its short term liabilities (ZAR41.2M).

Long Term Liabilities: PPR's short term assets (ZAR53.8M) do not cover its long term liabilities (ZAR520.2M).


Debt to Equity History and Analysis

Debt Level: PPR's debt to equity ratio (81.4%) is considered high.

Reducing Debt: PPR's debt to equity ratio has increased from 16.9% to 81.4% over the past 5 years.

Debt Coverage: PPR's debt is not well covered by operating cash flow (6.3%).

Interest Coverage: PPR earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Putprop current dividend yield, its reliability and sustainability?

3.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PPR's dividend (3.57%) is higher than the bottom 25% of dividend payers in the ZA market (3.14%).

High Dividend: PPR's dividend (3.57%) is low compared to the top 25% of dividend payers in the ZA market (7.52%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.5%), PPR's dividend payments are well 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?

10.5yrs

Average management tenure


CEO

Bruno Carleo (65 yo)

10.5yrs

Tenure

R1,753,000

Compensation

Mr. Bruno Claudio Carleo has been the Chief Executive Officer and General Manager of Putprop Limited since April 1, 2011 and July 2007 respectively. Mr. Carleo has been an Executive Director at Putprop Lim...


CEO Compensation Analysis

Compensation vs Market: Bruno's total compensation ($USD119.17K) is below average for companies of similar size in the ZA market ($USD278.61K).

Compensation vs Earnings: Bruno's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PPR's management team is seasoned and experienced (10.5 years average tenure).


Board Members

Experienced Board: PPR's board of directors are considered experienced (5.7 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Putprop Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Putprop Limited
  • Ticker: PPR
  • Exchange: JSE
  • Founded: NaN
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: R178.119m
  • Shares outstanding: 42.41m
  • Website: https://www.putprop.co.za

Number of Employees


Location

  • Putprop Limited
  • 91 Protea Road
  • Chislehurston
  • Johannesburg
  • Gauteng
  • 2196
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:34
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.