Resilient is a Real Estate Investment Trust (REIT) which has been listed on the Johannesburg stock exchange since December 2002.
Resilient REIT Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R57.17|
|52 Week High||R29.98|
|52 Week Low||R61.00|
|1 Month Change||5.93%|
|3 Month Change||10.95%|
|1 Year Change||68.00%|
|3 Year Change||-3.92%|
|5 Year Change||-48.71%|
|Change since IPO||-21.51%|
Recent News & Updates
|RES||ZA REITs||ZA Market|
Return vs Industry: RES exceeded the ZA REITs industry which returned 36.1% over the past year.
Return vs Market: RES exceeded the ZA Market which returned 19.9% over the past year.
Stable Share Price: RES is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: RES's weekly volatility (3%) has been stable over the past year.
About the Company
|n/a||n/a||Des de Beer||https://www.resilient.co.za|
Resilient is a Real Estate Investment Trust (REIT) which has been listed on the Johannesburg stock exchange since December 2002. It owns a portfolio of dominant regional malls and shopping centres tenanted predominantly by national retailers. Resilient continues to develop retail centres which are both quality and yield enhancing.
Resilient REIT Fundamentals Summary
|RES fundamental statistics|
Is RES overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RES income statement (TTM)|
|Cost of Revenue||R1.06b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.99|
|Net Profit Margin||45.94%|
How did RES perform over the long term?See historical performance and comparison
7.5%Current Dividend Yield
Is Resilient REIT 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: RES (ZAR57.17) is trading below our estimate of fair value (ZAR62.27)
Significantly Below Fair Value: RES is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: RES is poor value based on its PE Ratio (57.7x) compared to the ZA REITs industry average (10.2x).
PE vs Market: RES is poor value based on its PE Ratio (57.7x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RES's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RES is overvalued based on its PB Ratio (1.1x) compared to the ZA REITs industry average (0.6x).
How is Resilient REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if RES's forecast earnings growth is above the savings rate (8.8%).
Earnings vs Market: Insufficient data to determine if RES'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: RES's revenue (15.6% per year) is forecast to grow faster than the ZA market (6.3% per year).
High Growth Revenue: RES's revenue (15.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RES's Return on Equity is forecast to be low in 3 years time (8.5%).
How has Resilient REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RES has a large one-off gain of ZAR1.1B impacting its June 30 2021 financial results.
Growing Profit Margin: RES became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: RES's earnings have declined by 29.6% per year over the past 5 years.
Accelerating Growth: RES has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RES has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (132.9%).
Return on Equity
High ROE: RES's Return on Equity (1.8%) is considered low.
How is Resilient REIT's financial position?
Financial Position Analysis
Short Term Liabilities: RES's short term assets (ZAR1.8B) do not cover its short term liabilities (ZAR2.9B).
Long Term Liabilities: RES's short term assets (ZAR1.8B) do not cover its long term liabilities (ZAR8.4B).
Debt to Equity History and Analysis
Debt Level: RES's debt to equity ratio (50.6%) is considered high.
Reducing Debt: RES's debt to equity ratio has increased from 29.1% to 50.6% over the past 5 years.
Debt Coverage: RES's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: Insufficient data to determine if RES's interest payments on its debt are well covered by EBIT.
What is Resilient REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RES's dividend (7.5%) is higher than the bottom 25% of dividend payers in the ZA market (3.08%).
High Dividend: RES's dividend (7.5%) is low compared to the top 25% of dividend payers in the ZA market (8.02%).
Stability and Growth of Payments
Stable Dividend: RES has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: RES's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (82%), RES'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Des de Beer (60 yo)
Mr. Desmond de Beer, also known as Des, BProc, MAP serves as Non-Executive Director at Hammerson Plc since June 15, 2020. He serves as a Non-Independent Non-Executive Director at Lighthouse Capital Limited...
CEO Compensation Analysis
Compensation vs Market: Des's total compensation ($USD785.01K) is about average for companies of similar size in the ZA market ($USD944.32K).
Compensation vs Earnings: Des's compensation has been consistent with company performance over the past year.
Experienced Management: RES's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: RES's board of directors are considered experienced (7.4 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Resilient REIT Limited's employee growth, exchange listings and data sources
- Name: Resilient REIT Limited
- Ticker: RES
- Exchange: JSE
- Founded: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: R20.637b
- Shares outstanding: 360.97m
- Website: https://www.resilient.co.za
Number of Employees
- Resilient REIT Limited
- Rivonia Village
- 4th Floor
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 20:59|
|End of Day Share Price||2021/10/21 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.