No business description
Spear Reit Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R6.50|
|52 Week High||R4.84|
|52 Week Low||R7.00|
|1 Month Change||-5.11%|
|3 Month Change||4.67%|
|1 Year Change||25.00%|
|3 Year Change||-32.29%|
|5 Year Change||n/a|
|Change since IPO||-30.85%|
Recent News & Updates
|SEA||ZA REITs||ZA Market|
Return vs Industry: SEA underperformed the ZA REITs industry which returned 36.1% over the past year.
Return vs Market: SEA exceeded the ZA Market which returned 19.9% over the past year.
Stable Share Price: SEA is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SEA's weekly volatility (4%) has been stable over the past year.
About the Company
Spear Reit Fundamentals Summary
|SEA fundamental statistics|
Is SEA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SEA income statement (TTM)|
|Cost of Revenue||R160.93m|
Last Reported Earnings
Feb 28, 2021
Next Earnings Date
Oct 26, 2021
|Earnings per share (EPS)||0.26|
|Net Profit Margin||9.99%|
How did SEA perform over the long term?See historical performance and comparison
9.0%Current Dividend Yield
Is Spear 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: SEA (ZAR6.5) is trading below our estimate of fair value (ZAR7.33)
Significantly Below Fair Value: SEA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SEA is poor value based on its PE Ratio (25.2x) compared to the ZA REITs industry average (10.2x).
PE vs Market: SEA is poor value based on its PE Ratio (25.2x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SEA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SEA's PB Ratio (0.6x) is in line with the ZA REITs industry average.
How is Spear Reit forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Spear Reit 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.
How has Spear Reit performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SEA has a large one-off loss of ZAR105.9M impacting its February 28 2021 financial results.
Growing Profit Margin: SEA's current net profit margins (10%) are lower than last year (39.4%).
Past Earnings Growth Analysis
Earnings Trend: SEA's earnings have declined by 25.5% per year over the past 5 years.
Accelerating Growth: SEA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SEA had negative earnings growth (-74.4%) over the past year, making it difficult to compare to the REITs industry average (132.9%).
Return on Equity
High ROE: SEA's Return on Equity (2.4%) is considered low.
How is Spear Reit's financial position?
Financial Position Analysis
Short Term Liabilities: SEA's short term assets (ZAR75.2M) do not cover its short term liabilities (ZAR494.4M).
Long Term Liabilities: SEA's short term assets (ZAR75.2M) do not cover its long term liabilities (ZAR1.7B).
Debt to Equity History and Analysis
Debt Level: SEA's debt to equity ratio (88%) is considered high.
Reducing Debt: Insufficient data to determine if SEA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SEA's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: SEA's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is Spear Reit current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SEA's dividend (9.03%) is higher than the bottom 25% of dividend payers in the ZA market (3.08%).
High Dividend: SEA's dividend (9.03%) is in the top 25% of dividend payers in the ZA market (8.02%)
Stability and Growth of Payments
Stable Dividend: SEA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SEA's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (117.9%), SEA's dividend payments are not 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Quintin Rossi (40 yo)
Mr. Quintin Michael Rossi, BA (LAW) PGDEM, serves as Managing Director and Chief Executive Officer of Spear Reit Limited since May 17, 2018 and has been its Director November 18, 2015.
CEO Compensation Analysis
Compensation vs Market: Quintin's total compensation ($USD178.49K) is below average for companies of similar size in the ZA market ($USD283.52K).
Compensation vs Earnings: Quintin's compensation has been consistent with company performance over the past year.
Experienced Management: SEA's management team is considered experienced (3.5 years average tenure).
Experienced Board: SEA's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SEA insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Spear Reit Limited's employee growth, exchange listings and data sources
- Name: Spear Reit Limited
- Ticker: SEA
- Exchange: JSE
- Founded: NaN
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: R1.337b
- Shares outstanding: 205.73m
- Website: https://www.spearprop.co.za
Number of Employees
- Spear Reit Limited
- 2 Long Street
- 16th Floor
- Cape Town
- Western Cape
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 21:05|
|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.