Vukile Property Fund Limited is a property company, which was listed on the JSE Limited on 24 June 2004 ( JSE code : VKE ) and on the Namibian Stock Exchange on 11 July 2007 ( NSX code : VKN ).
Vukile Property Fund Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R11.99|
|52 Week High||R4.60|
|52 Week Low||R13.45|
|1 Month Change||1.18%|
|3 Month Change||16.98%|
|1 Year Change||139.80%|
|3 Year Change||-42.47%|
|5 Year Change||-35.19%|
|Change since IPO||139.80%|
Recent News & Updates
Vukile Property Fund Limited's (JSE:VKE) CEO Might Not Expect Shareholders To Be So Generous This Year
Vukile Property Fund Limited ( JSE:VKE ) has not performed well recently and CEO Laurence Rapp will probably need to up...
|VKE||ZA REITs||ZA Market|
Return vs Industry: VKE exceeded the ZA REITs industry which returned 36.1% over the past year.
Return vs Market: VKE exceeded the ZA Market which returned 19.9% over the past year.
Stable Share Price: VKE is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: VKE's weekly volatility (4%) has been stable over the past year.
About the Company
Vukile Property Fund Limited is a property company, which was listed on the JSE Limited on 24 June 2004 ( JSE code : VKE ) and on the Namibian Stock Exchange on 11 July 2007 ( NSX code : VKN ). Vukile's market capitalisation was approximately R11.0 billion at 31 March 2015 and its property portfolio was valued at R13.3 billion at year-end. There were 572 747 744 shares in issue at year-end. on 1 April 2013, Vukile became the first property company to be awarded Real Estate Investment Trust (REIT) status by the JSE Limited.
Vukile Property Fund Fundamentals Summary
|VKE fundamental statistics|
Is VKE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VKE income statement (TTM)|
|Cost of Revenue||R1.20b|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.61|
|Net Profit Margin||19.24%|
How did VKE perform over the long term?See historical performance and comparison
8.4%Current Dividend Yield
Is Vukile Property Fund 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: VKE (ZAR11.99) is trading below our estimate of fair value (ZAR15.03)
Significantly Below Fair Value: VKE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VKE is poor value based on its PE Ratio (19.6x) compared to the ZA REITs industry average (10.2x).
PE vs Market: VKE is poor value based on its PE Ratio (19.6x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VKE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VKE's PB Ratio (0.7x) is in line with the ZA REITs industry average.
How is Vukile Property Fund 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 VKE's forecast earnings growth is above the savings rate (8.8%).
Earnings vs Market: Insufficient data to determine if VKE'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: VKE's revenue (2.2% per year) is forecast to grow slower than the ZA market (6.3% per year).
High Growth Revenue: VKE's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VKE's Return on Equity is forecast to be low in 3 years time (8.7%).
How has Vukile Property Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VKE has a large one-off loss of ZAR632.0M impacting its March 31 2021 financial results.
Growing Profit Margin: VKE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: VKE's earnings have declined by 28.8% per year over the past 5 years.
Accelerating Growth: VKE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: VKE 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: VKE's Return on Equity (2.2%) is considered low.
How is Vukile Property Fund's financial position?
Financial Position Analysis
Short Term Liabilities: VKE's short term assets (ZAR2.0B) do not cover its short term liabilities (ZAR3.7B).
Long Term Liabilities: VKE's short term assets (ZAR2.0B) do not cover its long term liabilities (ZAR13.4B).
Debt to Equity History and Analysis
Debt Level: VKE's debt to equity ratio (83.5%) is considered high.
Reducing Debt: VKE's debt to equity ratio has increased from 43.2% to 83.5% over the past 5 years.
Debt Coverage: VKE's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: VKE's interest payments on its debt are well covered by EBIT (3.6x coverage).
What is Vukile Property Fund current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VKE's dividend (8.43%) is higher than the bottom 25% of dividend payers in the ZA market (3.08%).
High Dividend: VKE's dividend (8.43%) is in the top 25% of dividend payers in the ZA market (8.02%)
Stability and Growth of Payments
Stable Dividend: VKE's dividend payments have been volatile in the past 10 years.
Growing Dividend: VKE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.1%), VKE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VKE's dividends in 3 years are forecast to be covered by earnings (71.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Laurence Rapp (50 yo)
Mr. Laurence Gary Rapp, B Com (Hons), has been the Chief Executive Officer of Vukile Property Fund Limited since August 1, 2011. Mr. Rapp has been Executive Director at Vukile Property Fund Limited since A...
CEO Compensation Analysis
Compensation vs Market: Laurence's total compensation ($USD960.75K) is about average for companies of similar size in the ZA market ($USD906.57K).
Compensation vs Earnings: Laurence's compensation has been consistent with company performance over the past year.
Experienced Management: VKE's management team is seasoned and experienced (6.2 years average tenure).
Experienced Board: VKE's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VKE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Vukile Property Fund Limited's employee growth, exchange listings and data sources
- Name: Vukile Property Fund Limited
- Ticker: VKE
- Exchange: JSE
- Founded: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: R11.465b
- Shares outstanding: 956.23m
- Website: https://www.vukile.co.za
Number of Employees
- Vukile Property Fund Limited
- 104 Oxford Road
- 4th Floor
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 21:00|
|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.