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TDH

TradeholdJSE:TDH Stock Report

Market Cap

R2.6b

7D

1.2%

1Y

15.6%

Updated

16 Oct, 2021

Data

Company Financials
TDH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends1/6

TDH Overview

Tradehold Limited, an investment holding company, owns, develops, manages, and leases real estate properties.

Tradehold Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tradehold
Historical stock prices
Current Share PriceR10.00
52 Week HighR7.50
52 Week LowR10.99
Beta0.13
1 Month Change0%
3 Month Change16.14%
1 Year Change15.61%
3 Year Change-21.88%
5 Year Change-53.81%
Change since IPO-90.48%

Recent News & Updates

Jul 29
We Discuss Why Tradehold Limited's (JSE:TDH) CEO Compensation May Be Closely Reviewed

We Discuss Why Tradehold Limited's (JSE:TDH) CEO Compensation May Be Closely Reviewed

Tradehold Limited ( JSE:TDH ) has not performed well recently and CEO Tim Vaughan will probably need to up their game...

Shareholder Returns

TDHZA Real EstateZA Market
7D1.2%-2.2%1.6%
1Y15.6%51.3%21.3%

Return vs Industry: TDH underperformed the ZA Real Estate industry which returned 51.3% over the past year.

Return vs Market: TDH underperformed the ZA Market which returned 21.3% over the past year.

Price Volatility

Is TDH's price volatile compared to industry and market?
TDH volatility
TDH Beta0.13
Industry Beta0.83
Market Beta1

Stable Share Price: TDH is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: TDH's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
n/an/aTim Vaughanhttps://www.tradehold.co.za

Tradehold Limited, an investment holding company, owns, develops, manages, and leases real estate properties. It manages a property portfolio, which includes retail, office, industrial, residential, and leisure properties. The company is also involved in the ownership and development of commercial properties; and provision of treasury services.

Tradehold Fundamentals Summary

How do Tradehold's earnings and revenue compare to its market cap?
TDH fundamental statistics
Market CapUK£127.71m
Earnings (TTM)-UK£39.71m
Revenue (TTM)UK£70.58m

1.8x

P/S Ratio

-3.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TDH income statement (TTM)
RevenueUK£70.58m
Cost of RevenueUK£24.00k
Gross ProfitUK£70.56m
ExpensesUK£110.27m
Earnings-UK£39.71m

Last Reported Earnings

Feb 28, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.15
Gross Margin99.97%
Net Profit Margin-56.26%
Debt/Equity Ratio159.3%

How did TDH perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

-18%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TDH (ZAR10) is trading below our estimate of fair value (ZAR32.04)

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


Price To Earnings Ratio

PE vs Industry: TDH is unprofitable, so we can't compare its PE Ratio to the ZA Real Estate industry average.

PE vs Market: TDH is unprofitable, so we can't compare its PE Ratio to the ZA market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TDH's PB Ratio (0.6x) is in line with the ZA Real Estate industry average.


Future Growth

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

37.9%

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 Tradehold 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 Tradehold performed over the past 5 years?

-46.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TDH is currently unprofitable.

Growing Profit Margin: TDH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TDH is unprofitable, and losses have increased over the past 5 years at a rate of 46.3% per year.

Accelerating Growth: Unable to compare TDH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TDH is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-1.9%).


Return on Equity

High ROE: TDH has a negative Return on Equity (-15.55%), as it is currently unprofitable.


Financial Health

How is Tradehold's financial position?


Financial Position Analysis

Short Term Liabilities: TDH's short term assets (£46.5M) do not cover its short term liabilities (£113.9M).

Long Term Liabilities: TDH's short term assets (£46.5M) do not cover its long term liabilities (£423.9M).


Debt to Equity History and Analysis

Debt Level: TDH's debt to equity ratio (159.3%) is considered high.

Reducing Debt: TDH's debt to equity ratio has increased from 85.9% to 159.3% over the past 5 years.

Debt Coverage: TDH's debt is not well covered by operating cash flow (6.4%).

Interest Coverage: TDH's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Dividend

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

5.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TDH's dividend (5.79%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).

High Dividend: TDH's dividend (5.79%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).


Stability and Growth of Payments

Stable Dividend: TDH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TDH's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: TDH is paying a dividend but the company is unprofitable.


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?

7.4yrs

Average management tenure


CEO

Tim Vaughan (55 yo)

7.42yrs

Tenure

UK£333,000

Compensation

Mr. Timothy Andrew Vaughan, also known as Tim, B Sc Hons, MRICS has been Joint Chief Executive Officer of Tradehold Limited since May 27, 2014 and also has been its Executive Director since November 10, 20...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD458.25K) is about average for companies of similar size in the ZA market ($USD494.06K).

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


Leadership Team

Experienced Management: TDH's management team is seasoned and experienced (7.4 years average tenure).


Board Members

Experienced Board: TDH's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TDH insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Tradehold Limited
  • Ticker: TDH
  • Exchange: JSE
  • Founded: NaN
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: R2.570b
  • Shares outstanding: 256.98m
  • Website: https://www.tradehold.co.za

Location

  • Tradehold Limited
  • Avantech Building
  • Fourth Floor
  • San Gwann
  • 2805
  • Malta

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 17:04
End of Day Share Price2021/10/15 00:00
Earnings2021/02/28
Annual Earnings2021/02/28


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.