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SPG

Super GroupJSE:SPG Stock Report

Market Cap

R12.3b

7D

-7.1%

1Y

67.1%

Updated

25 Oct, 2021

Data

Company Financials +
SPG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends0/6

SPG Overview

Super Group Limited engages in the supply chain management, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Australia, Europe, New Zealand, and the United Kingdom.

Super Group Competitors

Imperial Logistics

JSE:IPL

R11.9b

Price History & Performance

Summary of all time highs, changes and price drops for Super Group
Historical stock prices
Current Share PriceR34.07
52 Week HighR17.65
52 Week LowR37.25
Beta1.02
1 Month Change-4.99%
3 Month Change7.14%
1 Year Change67.09%
3 Year Change-13.20%
5 Year Change-14.40%
Change since IPO657.11%

Recent News & Updates

Shareholder Returns

SPGZA Specialty RetailZA Market
7D-7.1%-0.5%-0.3%
1Y67.1%54.6%19.5%

Return vs Industry: SPG exceeded the ZA Specialty Retail industry which returned 54.2% over the past year.

Return vs Market: SPG exceeded the ZA Market which returned 19% over the past year.

Price Volatility

Is SPG's price volatile compared to industry and market?
SPG volatility
SPG Beta1.02
Industry Beta0.91
Market Beta1

Stable Share Price: SPG is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SPG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1943n/aPeter Mountfordhttps://www.supergroup.co.za

Super Group Limited engages in the supply chain management, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Australia, Europe, New Zealand, and the United Kingdom. The company operates through seven segments: Supply Chain Africa, Supply Chain Europe, Fleet Africa, SG Fleet, Dealerships SA, Dealerships UK, and Services. It offers supply chain services, including supply chain optimization, consulting, technology, procurement, third party distribution, transport, multi-temperature controlled product distribution, bulk raw material transportation, warehousing, inbound and outbound freight forwarding, customs clearing, import and export consolidation, international airfreight, and bonded cross-border transportation to the automotive, construction, food and beverage, manufacturing, paper and pulp, petrochemical, mining, pharmaceutical, consumer goods, and retail industries.

Super Group Fundamentals Summary

How do Super Group's earnings and revenue compare to its market cap?
SPG fundamental statistics
Market CapR12.28b
Earnings (TTM)R1.02b
Revenue (TTM)R39.52b

12.0x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPG income statement (TTM)
RevenueR39.52b
Cost of RevenueR35.24b
Gross ProfitR4.27b
ExpensesR3.25b
EarningsR1.02b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.84
Gross Margin10.81%
Net Profit Margin2.59%
Debt/Equity Ratio61.4%

How did SPG perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

17%

Payout Ratio

Valuation

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

44.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SPG (ZAR34.07) is trading below our estimate of fair value (ZAR61.34)

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


Price To Earnings Ratio

PE vs Industry: SPG is poor value based on its PE Ratio (12x) compared to the ZA Specialty Retail industry average (8.9x).

PE vs Market: SPG is poor value based on its PE Ratio (12x) compared to the ZA market (11.3x).


Price to Earnings Growth Ratio

PEG Ratio: SPG is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: SPG is good value based on its PB Ratio (1.1x) compared to the ZA Specialty Retail industry average (1.6x).


Future Growth

How is Super Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPG's forecast earnings growth (16.9% per year) is above the savings rate (8.8%).

Earnings vs Market: SPG's earnings (16.9% per year) are forecast to grow faster than the ZA market (12.1% per year).

High Growth Earnings: SPG's earnings are forecast to grow, but not significantly.

Revenue vs Market: SPG's revenue (9.3% per year) is forecast to grow faster than the ZA market (6.4% per year).

High Growth Revenue: SPG's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPG's Return on Equity is forecast to be low in 3 years time (12.1%).


Past Performance

How has Super Group performed over the past 5 years?

-17.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPG has high quality earnings.

Growing Profit Margin: SPG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SPG's earnings have declined by 17% per year over the past 5 years.

Accelerating Growth: SPG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SPG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (148%).


Return on Equity

High ROE: SPG's Return on Equity (9.2%) is considered low.


Financial Health

How is Super Group's financial position?


Financial Position Analysis

Short Term Liabilities: SPG's short term assets (ZAR14.6B) exceed its short term liabilities (ZAR11.3B).

Long Term Liabilities: SPG's short term assets (ZAR14.6B) exceed its long term liabilities (ZAR10.6B).


Debt to Equity History and Analysis

Debt Level: SPG's debt to equity ratio (61.4%) is considered high.

Reducing Debt: SPG's debt to equity ratio has increased from 55.5% to 61.4% over the past 5 years.

Debt Coverage: SPG's debt is well covered by operating cash flow (42.4%).

Interest Coverage: SPG's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Dividend

What is Super Group current dividend yield, its reliability and sustainability?

1.38%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SPG's dividend (1.38%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.14%).

High Dividend: SPG's dividend (1.38%) is low compared to the top 25% of dividend payers in the ZA market (7.52%).


Stability and Growth of Payments

Stable Dividend: SPG is not paying a notable dividend for the ZA market, therefore no need to check if payments are stable.

Growing Dividend: SPG is not paying a notable dividend for the ZA market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: SPG is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SPG's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.3yrs

Average management tenure


CEO

Peter Mountford (63 yo)

12.25yrs

Tenure

R15,285,755

Compensation

Mr. Peter William Mountford, B.Com, B.Acc, HDip Tax, MBA, CA(SA) serves as the Chief Executive Officer of Consumer Products Division at Imperial Logistics. Mr. Mountford has been the Chief Executive Office...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD1.04M) is about average for companies of similar size in the ZA market ($USD894.24K).

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


Leadership Team

Experienced Management: SPG's management team is seasoned and experienced (12.3 years average tenure).


Board Members

Experienced Board: SPG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Super Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Super Group Limited
  • Ticker: SPG
  • Exchange: JSE
  • Founded: 1943
  • Industry: Automotive Retail
  • Sector: Retail
  • Market Cap: R12.277b
  • Shares outstanding: 360.35m
  • Website: https://www.supergroup.co.za

Number of Employees


Location

  • Super Group Limited
  • 27 Impala Road
  • Chislehurston
  • Sandton
  • Gauteng
  • 2196
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:36
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.