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NCS

NictusJSE:NCS Stock Report

Market Cap

R33.1m

7D

-19.5%

1Y

-11.4%

Updated

19 Oct, 2021

Data

Company Financials
NCS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

NCS Overview

Nictus Limited, together with its subsidiaries, operates as a retailer of household furniture, electrical appliances, and home electronics under the Nictus Furnishers brand in South Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Nictus
Historical stock prices
Current Share PriceR0.62
52 Week HighR0.36
52 Week LowR1.01
Beta-1.23
1 Month Change-27.06%
3 Month Change-31.11%
1 Year Change-11.43%
3 Year Change3.33%
5 Year Change19.23%
Change since IPO158.33%

Recent News & Updates

Oct 04
With EPS Growth And More, Nictus (JSE:NCS) Is Interesting

With EPS Growth And More, Nictus (JSE:NCS) Is Interesting

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Jul 06
With EPS Growth And More, Nictus (JSE:NCS) Is Interesting

With EPS Growth And More, Nictus (JSE:NCS) Is Interesting

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Apr 04
How Does Nictus Limited (JSE:NCS) Fare As A Dividend Stock?

How Does Nictus Limited (JSE:NCS) Fare As A Dividend Stock?

Dividend paying stocks like Nictus Limited ( JSE:NCS ) tend to be popular with investors, and for good reason - some...

Shareholder Returns

NCSZA Specialty RetailZA Market
7D-19.5%1.8%1.0%
1Y-11.4%68.7%20.8%

Return vs Industry: NCS underperformed the ZA Specialty Retail industry which returned 66.7% over the past year.

Return vs Market: NCS underperformed the ZA Market which returned 20.7% over the past year.

Price Volatility

Is NCS's price volatile compared to industry and market?
NCS volatility
NCS Beta-1.23
Industry Beta0.91
Market Beta1

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

Volatility Over Time: NCS's weekly volatility has decreased from 19% to 12% over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
194542Gerard de V. Tromphttps://www.nictuslimited.co.za

Nictus Limited, together with its subsidiaries, operates as a retailer of household furniture, electrical appliances, and home electronics under the Nictus Furnishers brand in South Africa. The company also provides short-term insurance under the Corporate Guarantee brand. It operates three furniture retail stores.

Nictus Fundamentals Summary

How do Nictus's earnings and revenue compare to its market cap?
NCS fundamental statistics
Market CapR33.13m
Earnings (TTM)R9.62m
Revenue (TTM)R57.92m

3.4x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NCS income statement (TTM)
RevenueR57.92m
Cost of RevenueR26.24m
Gross ProfitR19.95m
ExpensesR10.33m
EarningsR9.62m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin34.44%
Net Profit Margin16.61%
Debt/Equity Ratio0%

How did NCS perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is Nictus 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: NCS (ZAR0.62) is trading below our estimate of fair value (ZAR14.55)

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


Price To Earnings Ratio

PE vs Industry: NCS is good value based on its PE Ratio (3.4x) compared to the ZA Specialty Retail industry average (10.2x).

PE vs Market: NCS is good value based on its PE Ratio (3.4x) compared to the ZA market (11.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NCS is good value based on its PB Ratio (0.3x) compared to the ZA Specialty Retail industry average (1.6x).


Future Growth

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

33.5%

Forecasted Retail 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 Nictus 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 Nictus performed over the past 5 years?

-1.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NCS has high quality earnings.

Growing Profit Margin: NCS's current net profit margins (16.6%) are higher than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: NCS's earnings have declined by 1.5% per year over the past 5 years.

Accelerating Growth: NCS's earnings growth over the past year (164.3%) exceeds its 5-year average (-1.5% per year).

Earnings vs Industry: NCS earnings growth over the past year (164.3%) exceeded the Specialty Retail industry 137.3%.


Return on Equity

High ROE: NCS's Return on Equity (9.3%) is considered low.


Financial Health

How is Nictus's financial position?


Financial Position Analysis

Short Term Liabilities: NCS's short term assets (ZAR613.9M) exceed its short term liabilities (ZAR556.4M).

Long Term Liabilities: NCS's short term assets (ZAR613.9M) exceed its long term liabilities (ZAR11.1M).


Debt to Equity History and Analysis

Debt Level: NCS is debt free.

Reducing Debt: NCS has not had any debt for past 5 years.

Debt Coverage: NCS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NCS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Nictus's current dividend yield, its reliability and sustainability?

8.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NCS's dividend (8.06%) is higher than the bottom 25% of dividend payers in the ZA market (3.05%).

High Dividend: NCS's dividend (8.06%) is low compared to the top 25% of dividend payers in the ZA market (8.06%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.8%), NCS'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?

5.5yrs

Average management tenure


CEO

Gerard de V. Tromp (39 yo)

5.5yrs

Tenure

R420,000

Compensation

Mr. Gerard R. de V. Tromp, CA (SA), CA (NAM), has been Executive Group Managing Director of Nictus Limited since April 18, 2016 and has been its Executive Director since November 18, 2014. Mr. de V. Tromp...


CEO Compensation Analysis

Compensation vs Market: Gerard's total compensation ($USD28.91K) is below average for companies of similar size in the ZA market ($USD278.96K).

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


Leadership Team

Experienced Management: NCS's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: NCS's board of directors are considered experienced (6.8 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Nictus Limited
  • Ticker: NCS
  • Exchange: JSE
  • Founded: 1945
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Market Cap: R33.135m
  • Shares outstanding: 53.44m
  • Website: https://www.nictuslimited.co.za

Number of Employees


Location

  • Nictus Limited
  • Block C
  • 1st Floor
  • Sandton
  • Gauteng
  • 2191
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 21:37
End of Day Share Price2021/10/19 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.