Foschini Group Future Growth

Future criteria checks 2/6

Foschini Group is forecast to grow earnings and revenue by 13.7% and 7.1% per annum respectively. EPS is expected to grow by 18.9% per annum. Return on equity is forecast to be 15.3% in 3 years.

Key information

13.7%

Earnings growth rate

18.9%

EPS growth rate

Specialty Retail earnings growth	26.1%
Revenue growth rate	7.1%
Future return on equity	15.3%
Analyst coverage	Good
Last updated	12 Nov 2024

Recent future growth updates

Recent updates

The Foschini Group Limited's (JSE:TFG) Share Price Not Quite Adding Up

Apr 13

Should You Think About Buying The Foschini Group Limited (JSE:TFG) Now?

Mar 29

Earnings and Revenue Growth Forecasts

JSE:TFG - Analysts future estimates and past financials data (ZAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	66,501	4,223	3,407	6,790	5
3/31/2026	62,848	3,857	2,795	5,957	6
3/31/2025	58,345	3,338	2,611	5,593	6
9/30/2024	55,685	2,977	5,741	7,572	N/A
6/30/2024	55,953	3,004	6,717	8,635	N/A
3/31/2024	56,221	3,031	7,693	9,698	N/A
12/31/2023	55,458	2,910	6,048	8,570	N/A
9/30/2023	54,695	2,790	4,403	7,441	N/A
6/30/2023	53,236	2,908	3,077	6,096	N/A
3/31/2023	51,778	3,026	1,751	4,751	N/A
12/31/2022	49,810	3,196	1,761	4,132	N/A
9/30/2022	47,843	3,366	1,772	3,514	N/A
6/30/2022	45,607	3,138	3,283	4,941	N/A
3/31/2022	43,370	2,910	4,794	6,368	N/A
12/31/2021	41,406	831	5,329	6,715	N/A
9/30/2021	39,442	-1,247	5,864	7,061	N/A
6/30/2021	36,196	-1,554	6,710	7,623	N/A
3/31/2021	32,950	-1,862	7,555	8,184	N/A
12/31/2020	31,924	-117	7,102	7,817	N/A
9/30/2020	30,898	1,627	6,648	7,450	N/A
6/30/2020	33,111	2,036	5,661	6,622	N/A
3/31/2020	35,323	2,444	4,674	5,793	N/A
12/31/2019	35,233	2,574	4,753	5,810	N/A
9/30/2019	35,144	2,704	4,832	5,827	N/A
6/30/2019	34,622	2,672	4,817	5,785	N/A
3/31/2019	34,101	2,640	4,801	5,743	N/A
12/31/2018	33,078	2,610	3,080	4,044	N/A
9/30/2018	32,055	2,570	2,758	3,744	N/A
6/30/2018	30,287	2,488	N/A	3,114	N/A
3/31/2018	28,520	2,407	N/A	2,483	N/A
12/31/2017	26,515	2,361	N/A	2,598	N/A
9/30/2017	24,511	2,315	N/A	2,714	N/A
6/30/2017	24,030	2,333	N/A	2,618	N/A
3/31/2017	23,549	2,351	N/A	2,522	N/A
12/31/2016	23,155	2,289	N/A	2,437	N/A
9/30/2016	22,762	2,226	N/A	2,352	N/A
6/30/2016	21,935	2,191	N/A	2,070	N/A
3/31/2016	21,108	2,156	N/A	1,789	N/A
12/31/2015	19,825	1,922	N/A	1,275	N/A
9/30/2015	18,542	1,688	N/A	761	N/A
6/30/2015	17,314	1,593	N/A	923	N/A
3/31/2015	16,086	1,499	N/A	1,085	N/A
12/31/2014	15,445	1,556	N/A	1,405	N/A
9/30/2014	14,803	1,614	N/A	1,725	N/A
6/30/2014	14,481	1,576	N/A	1,460	N/A
3/31/2014	14,159	1,539	N/A	1,195	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TFG's forecast earnings growth (13.7% per year) is above the savings rate (9.7%).

Earnings vs Market: TFG's earnings (13.7% per year) are forecast to grow slower than the ZA market (21% per year).

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

Revenue vs Market: TFG's revenue (7.1% per year) is forecast to grow faster than the ZA market (3.5% per year).

High Growth Revenue: TFG's revenue (7.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TFG's Return on Equity is forecast to be low in 3 years time (15.3%).

Foschini Group Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 9.6% to R143

Price target increased by 7.1% to R126

Consensus EPS estimates fall by 14%

Price target increased to R163

Price target increased to R140

Analysts update estimates

Recent updates

First half 2025 earnings released: EPS: R3.68 (vs R3.87 in 1H 2024)

First half dividend increased to R1.60

the Foschini Group Limited Declares Interim Gross Cash Dividend for the Six-Month Period Ended 30 September 2024, Payment Date Is 6 January 2025

The Foschini Group Limited Announces Board and Committee Changes

Price target increased by 9.6% to R143

Independent Non-Executive Directors recently sold R10m worth of stock

Full year 2024 earnings: EPS exceeds analyst expectations

The Foschini Group Limited, Annual General Meeting, Sep 05, 2024

Upcoming dividend of R2.00 per share

Nomahlubi Simamane to Retire as Independent Non-Executive Director and Member of the Audit, Risk and Social & Ethics Committees of the Foschini Group Limited, effective September 5, 2024

Non-Executive Director recently sold R26b worth of stock

Independent Non-Executive Chairman recently sold R39m worth of stock

Investor sentiment improves as stock rises 15%

Final dividend of R2.00 announced

Full year 2024 earnings: EPS exceeds analyst expectations

The Foschini Group Limited's (JSE:TFG) Share Price Not Quite Adding Up

Should You Think About Buying The Foschini Group Limited (JSE:TFG) Now?

The Foschini Group Limited Announces CFO Changes

Price target increased by 7.1% to R126

Upcoming dividend of R1.50 per share at 2.8% yield

First half 2024 earnings released: EPS: R3.87 (vs R4.62 in 1H 2023)

The Foschini Group Limited Declares Interim Dividend for the Six-Month Period Ended 30 September 2023, Payable on 8 January 2024

The Foschini Group Limited Announces Resignation of Bongiwe Ntuli as Executive Director, Effective 30 November 2023

The Foschini Group Limited Announces Resignation of Bongiwe Ntuli as Executive Director, Effective 30 November 2023

The Foschini Group Limited to Report First Half, 2024 Results on Nov 10, 2023

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of R1.50 per share at 3.3% yield

The Foschini Group Limited Appoints Jan Potgieter and Nkululeko Sowazi as Independent Non-Executive Directors, Effective 10 July 2023 and 1 January 2024 Respectively

Consensus EPS estimates fall by 14%

New major risk - Dividend sustainability

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of R1.70 per share

TFG Reportedly Weighs Bid for British Retailer Joules

Insufficient new directors

First half 2023 earnings released: EPS: R4.62 (vs R3.20 in 1H 2022)

The Foschini Group Limited to Report First Half, 2023 Results on Nov 11, 2022

Upcoming dividend of R3.30 per share

Insufficient new directors

The Foschini Group Limited to Report Fiscal Year 2022 Results on Jun 09, 2022

Insufficient new directors

Upcoming dividend of R1.70 per share

The Foschini Group Limited (JSE:TFG) completed the acquisition of Quench Delivery PTY LTD.

The Foschini Group Limited (JSE:TFG) agreed to acquire Quench Delivery PTY LTD.

First half 2022 earnings released: EPS R3.20 (vs R1.62 in 1H 2021)

Independent Non-Executive Director Samuel Abrahams has left the company

Independent Non-Executive Director recently sold R545k worth of stock

Price target increased to R163

Full year 2021 earnings released: R6.14 loss per share (vs R10.56 profit in FY 2020)

Full year 2021 earnings released: R6.14 loss per share (vs R10.56 profit in FY 2020)

Price target increased to R140

Investor sentiment improved over the past week

New 90-day high: R117

New 90-day high: R111

Analysts update estimates

Analysts increase EPS estimates to R2.75

New 90-day high: R100

Price target raised to R95.35

First half 2021 earnings released: EPS R1.62

Revenue and earnings miss expectations

The Foschini Group Limited Declares No Interim Dividend for the Six Months Ended September 30, 2020

Price target raised to R87.01

New 90-day high: R91.85

Analysts increase EPS estimates to R2.13

The Foschini Group Limited (JSE:TFG) completed the acquisition of commercially viable South African stores and selected assets of Edcon Limited.

Analysts update estimates

New 90-day high - R86.59

Underlying clients of Allan Gray Proprietary Limited acquired an unknown additional stake in The Foschini Group Limited (JSE:TFG).

Public Investment Corporation Limited acquired an additional stake in The Foschini Group Limited (JSE:TFG).

Price target lowered to R77.76