Duyuru • Jun 09
Pepkor Holdings Limited Announces Board and Committee Changes Pepkor Holdings Limited announced that Wendy Luhabe had advised the Board that she will resign from the Pepkor Board with effect from June 30, 2026, as she is scaling down on her board commitments. Wendy has served as a director of Pepkor since January 2019 and was appointed as Chairperson of the Board with effect from December 1, 2020. She also serves as Chairperson of the Nominations Committee and will step down from this Committee upon her resignation from the Board. Ian Kirk, who serves as Lead Independent Director of Pepkor, will act as Chair of the Board and as Chair of the Nominations Committee until a new Chairperson of the Board and a new Chairperson of the Nominations Committee is appointed. Ian was appointed to the Board as an independent non-executive director in June 2021. Reported Earnings • May 27
First half 2026 earnings released: EPS: R0.93 (vs R0.83 in 1H 2025) First half 2026 results: EPS: R0.93 (up from R0.83 in 1H 2025). Revenue: R54.8b (up 13% from 1H 2025). Net income: R3.44b (up 13% from 1H 2025). Profit margin: 6.3% (in line with 1H 2025). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • May 25
Pepkor Holdings Limited to Report First Half, 2026 Results on May 26, 2026 Pepkor Holdings Limited announced that they will report first half, 2026 results on May 26, 2026 Duyuru • Feb 24
Pepkor Holdings Limited Approves Board and Committee Changes Pepkor Holdings Limited announced that at its AGM held on 24 February 2026, the shareholders approved: Election of RJ Wainwright as a director; Appointment of RJ Wainwright as a member of the audit and risk committee; Appointment of F Petersen-Cook as a member of the social and ethics committee; Appointment of ZN Malinga as a member of the social and ethics committee; Appointment of P Disberry as a member of the social and ethics committee; Appointment of PJ Erasmus as a member of the social and ethics committee. Duyuru • Jan 20
Pepkor Holdings Limited, Annual General Meeting, Feb 24, 2026 Pepkor Holdings Limited, Annual General Meeting, Feb 24, 2026. Duyuru • Nov 03
Pepkor Holdings Limited to Report Fiscal Year 2025 Results on Nov 25, 2025 Pepkor Holdings Limited announced that they will report fiscal year 2025 results on Nov 25, 2025 Duyuru • May 17
Pepkor Holdings Limited to Report First Half, 2025 Results on May 27, 2025 Pepkor Holdings Limited announced that they will report first half, 2025 results on May 27, 2025 Duyuru • Mar 25
Pepkor Holdings Limited (JSE:PPH) has entered into a transaction agreement to acquire Legit, Swagga, Style and Boardmans businesses of Retailability Proprietary Limited. Pepkor Holdings Limited (JSE:PPH) has entered into a transaction agreement to acquire Legit, Swagga, Style and Boardmans businesses of Retailability Proprietary Limited on March 25, 2025. The transaction is subject to the fulfilment of both regulatory and commercial suspensive conditions customary for a transaction of this nature. The Edgars, Edgars Beauty, Red Square, Kelso and Keedo businesses are not included in the Proposed Transaction and will continue to be operated by Retailability. Investec Bank Limited acted as financial advisor for Pepkor Holdings Limited. Rand Merchant Bank acted as financial advisor for Pepkor Holdings Limited. Edward Nathan Sonnenbergs Inc. acted as legal advisor for Pepkor Holdings Limited. Cliff Decker Hofmeyr acted as legal advisor for Retailability Proprietary Limited. Duyuru • Feb 25
Pepkor Holdings Limited Approves the Appointment of Social and Ethics Committee Members Shareholders and noteholders are hereby advised that the voting results for the annual general meeting of the Pepkor Holdings Limited held by electronic participation at 09:00, 24 February 2025 ("AGM"). The shareholders approved the appointment of F Petersen-Cook, ZN Malinga, P Disberry and PJ Erasmus as a member of the social and ethics committee. Duyuru • Jan 18
Pepkor Holdings Limited, Annual General Meeting, Feb 24, 2025 Pepkor Holdings Limited, Annual General Meeting, Feb 24, 2025. Buy Or Sell Opportunity • Nov 13
Now 20% undervalued Over the last 90 days, the stock has risen 15% to €1.10. The fair value is estimated to be €1.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Nov 06
Pepkor Holdings Limited to Report Fiscal Year 2024 Results on Nov 26, 2024 Pepkor Holdings Limited announced that they will report fiscal year 2024 results on Nov 26, 2024 Duyuru • Oct 31
Pepkor Holdings Limited Announces Committee Changes Pepkor Holdings Limited announced that Ms Paula Disberry and Mr. Louis du Preez have been appointed to the investment committee. Mr. Steve Müller will step down as a member of the investment committee. Mr. Müller will continue to serve as chair of the human resources and remuneration committee and as a member of the audit and risk committee. The changes are effective 1 November 2024. The changes were made with the objective of rebalancing the skill sets and responsibilities across Board committees. Duyuru • Oct 09
An undisclosed buyer intends to acquire The Building Company (Pty) Ltd from Pepkor Holdings Limited (JSE:PPH). An undisclosed buyer intends to acquire The Building Company (Pty) Ltd from Pepkor Holdings Limited (JSE:PPH) on October 7, 2024.
The transaction is subject to and approved by the Competition Tribunal of South Africa. The Tribunal has approved the proposed transaction subject to conditions which include the establishment of an employee share ownership programme (“ESOP”) for the benefit of qualifying workers as well as a divestiture condition. Duyuru • Sep 05
Capitalworks Investment Partners (Pty) Limited along with selected members of TBCo management completed the acquisition of The Building Company (Pty) Ltd from Pepkor Holdings Limited (JSE:PPH). Capitalworks Investment Partners (Pty) Limited along with selected members of TBCo management entered into a sale agreement to acquire The Building Company (Pty) Ltd from Pepkor Holdings Limited (JSE:PPH) for ZAR 1.2 billion on February 29, 2024. The disposal of TBCo will streamline Pepkor’s portfolio of businesses, enhancing the Group’s return on capital and optimise shareholder returns. Following the Proposed Transaction, TBCo will be well positioned strategically and operationally to pursue growth. The total consideration payable on closing of the Proposed Transaction will be ZAR 1.2 billion subject to an escalation rate of 8.5% per annum from October 1, 2023 until the Proposed Transaction’s closing date. The implementation of the Proposed Transaction is subject to the usual regulatory
approvals, including from the South African competition authorities, being obtained. Pepkor intends to use the net disposal proceeds to reduce debt, in line with the Group’s ambition to maintain a flexible capital structure and to fund strategic growth and value accretive initiatives. Werksmans acted as legal advisor to Pepkor.
Capitalworks Investment Partners (Pty) Limited along with selected members of TBCo management completed the acquisition of The Building Company (Pty) Ltd from Pepkor Holdings Limited (JSE:PPH) on September 3, 2024. Duyuru • Aug 07
Coronation Asset Management Proprietary Ltd. on behalf of its clients acquired additional minority stake in Pepkor Holdings Limited (JSE:PPH). Coronation Asset Management Proprietary Ltd. on behalf of its clients acquired additional minority stake in Pepkor Holdings Limited (JSE:PPH) on August 6, 2024. Post transaction the total beneficial interest held by Coronation amounted to 5.00% of the Company’s issued ordinary share capital.
Coronation Asset Management Proprietary Ltd. on behalf of its clients completed the acquisition of additional minority stake in Pepkor Holdings Limited (JSE:PPH) on August 6, 2024. Buy Or Sell Opportunity • Jul 02
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 8.0% to €0.95. The fair value is estimated to be €0.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Jun 27
Public Investment Corporation Limited acquired an additional unknown minority stake in Pepkor Holdings Limited (JSE:PPH). Public Investment Corporation Limited acquired an additional unknown minority stake in Pepkor Holdings Limited (JSE:PPH) on June 24, 2024. After completion of acquisition, Public Investment Corporation now holds 10.295% stake in Pepkor.
Public Investment Corporation Limited completed the acquisition of an additional unknown minority stake in Pepkor Holdings Limited (JSE:PPH) on June 24, 2024. Buy Or Sell Opportunity • Jun 13
Now 22% overvalued Over the last 90 days, the stock has fallen 4.4% to €0.87. The fair value is estimated to be €0.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 29
First half 2024 earnings released: EPS: R0.75 (vs R0.78 in 1H 2023) First half 2024 results: EPS: R0.75 (down from R0.78 in 1H 2023). Revenue: R43.3b (up 9.5% from 1H 2023). Net income: R2.77b (down 3.2% from 1H 2023). Profit margin: 6.4% (down from 7.2% in 1H 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Jan 20
Pepkor Holdings Limited, Annual General Meeting, Mar 07, 2024 Pepkor Holdings Limited, Annual General Meeting, Mar 07, 2024, at 09:00 South Africa Standard Time. Duyuru • Jan 18
Pepkor Holdings Limited Announces Retirement of Theodore De Klerk from the Board Pepkor Holdings Limited announced that Mr. Theodore de Klerk ("Theodore") will retire from the board and consequently from the investment committee at the company's Annual General Meeting on 7 March 2024. Upcoming Dividend • Jan 10
Upcoming dividend of R0.48 per share at 2.5% yield Eligible shareholders must have bought the stock before 17 January 2024. Payment date: 22 January 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.3%). Reported Earnings • Nov 30
Full year 2023 earnings released: R0.35 loss per share (vs R1.65 profit in FY 2022) Full year 2023 results: R0.35 loss per share (down from R1.65 profit in FY 2022). Revenue: R87.4b (up 7.4% from FY 2022). Net loss: R1.29b (down 121% from profit in FY 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 30
Pepkor Holdings Limited Declares Dividend for the Year Ended September 30, 2023, Payable on 22 January 2024 The board of Pepkor Holdings Limited declared a cash dividend of 48.07572 cents per ordinary share payable to shareholders on 22 January 2024. Ex-dividend:17 January 2024. Record date:19 January 2024. Duyuru • Sep 05
An unknown buyer acquired unknown stake in Pepkor Holdings Limited (JSE:PPH). An unknown buyer acquired unknown stake in Pepkor Holdings Limited (JSE:PPH) on September 1, 2023.An unknown buyer completed the acquisition of unknown stake in Pepkor Holdings Limited (JSE:PPH) on September 1, 2023. New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Jun 02
First half 2023 earnings released: EPS: R0.81 (vs R0.90 in 1H 2022) First half 2023 results: EPS: R0.81 (down from R0.90 in 1H 2022). Revenue: R43.8b (up 4.3% from 1H 2022). Net income: R2.98b (down 11% from 1H 2022). Profit margin: 6.8% (down from 7.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • May 05
Pepkor Holdings Limited to Report First Half, 2023 Results on May 30, 2023 Pepkor Holdings Limited announced that they will report first half, 2023 results on May 30, 2023 Upcoming Dividend • Jan 11
Upcoming dividend of R0.55 per share Eligible shareholders must have bought the stock before 18 January 2023. Payment date: 23 January 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.8%). Duyuru • Dec 23
Pepkor Holdings Limited, Annual General Meeting, Mar 02, 2023 Pepkor Holdings Limited, Annual General Meeting, Mar 02, 2023, at 09:00 South Africa Standard Time. Board Change • Dec 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ian Kirk was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 27
Full year 2022 earnings released: EPS: R1.66 (vs R1.33 in FY 2021) Full year 2022 results: EPS: R1.66 (up from R1.33 in FY 2021). Revenue: R81.4b (up 5.3% from FY 2021). Net income: R6.11b (up 25% from FY 2021). Profit margin: 7.5% (up from 6.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ian Kirk was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 29
Pepkor Holdings Limited to Report Fiscal Year 2022 Results on Nov 22, 2022 Pepkor Holdings Limited announced that they will report fiscal year 2022 results on Nov 22, 2022 Board Change • Oct 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ian Kirk was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Aug 05
An unknown buyer acquired unknown stake in Pepkor Holdings Limited (JSE:PPH). An unknown buyer acquired unknown stake in Pepkor Holdings Limited (JSE:PPH) on July 29, 2022. As per the transaction, Coronation Asset Management (Pty) Limited behalf of its clients amounted to 4.99% of the Pepkor Holdings Limited’s issued ordinary share capital.
An unknown buyer acquired unknown stake in Pepkor Holdings Limited (JSE:PPH) on July 29, 2022. Duyuru • Feb 04
Pepkor Holdings Limited (JSE:PPH) acquired Grupo Avenida S.A from FIP Multiestratégia Kinea Private Equity II, managed by Kinea Private Equity Investimentos S.A. and Caseli family. Pepkor Holdings Limited (JSE:PPH) acquired Grupo Avenida S.A from FIP Multiestratégia Kinea Private Equity II, managed by Kinea Private Equity Investimentos S.A. and Caseli family on February 3, 2022. The Caseli family will retain the remaining stake in the business with the two Caseli brothers, Christian and Rodrigo, staying on as Director and Chief Executive Officer respectively. The Transaction will be implemented by 4 February 2022. Avenida achieved preliminary turnover of BRL 773 million (ZAR 2.2 billion) for the financial year ended 31 December 2021.
Pepkor Holdings Limited (JSE:PPH) completed the acquisition of Grupo Avenida S.A from FIP Multiestratégia Kinea Private Equity II, managed by Kinea Private Equity Investimentos S.A. and Caseli family on February 3, 2022. Duyuru • Jan 28
Pepkor Holdings Limited, Annual General Meeting, Mar 10, 2022 Pepkor Holdings Limited, Annual General Meeting, Mar 10, 2022, at 09:00 South Africa Standard Time. Upcoming Dividend • Jan 12
Upcoming dividend of R0.44 per share Eligible shareholders must have bought the stock before 19 January 2022. Payment date: 24 January 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.3%). Reported Earnings • Dec 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: R1.33 (up from R0.78 loss in FY 2020). Revenue: R77.3b (up 9.2% from FY 2020). Net income: R4.88b (up R7.61b from FY 2020). Profit margin: 6.3% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 4.4%, compared to a 17% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • May 28
First half 2021 earnings released: EPS R0.69 (vs R0.44 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: R36.5b (up 8.1% from 1H 2020). Net income: R2.51b (up 66% from 1H 2020). Profit margin: 6.9% (up from 4.5% in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Duyuru • Mar 11
Pepkor Holdings Limited, Annual General Meeting, Mar 10, 2021 Pepkor Holdings Limited, Annual General Meeting, Mar 10, 2021. Is New 90 Day High Low • Feb 06
New 90-day high: €0.86 The company is up 11% from its price of €0.78 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.48 per share. Reported Earnings • Dec 16
Full year 2020 earnings released: R0.80 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: R63.7b (down 8.6% from FY 2019). Net loss: R2.83b (down 227% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Dec 16
Revenue misses expectations Revenue missed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 9.1%, compared to a 7.2% growth forecast for the Specialty Retail industry in Germany. Duyuru • Nov 21
Pepkor Holdings Limited Appoints Wendy Luhabe as the Chairman Pepkor Holdings Limited announced that the board of directors has been appointed as the Chairman. Wendy's appointment will be with effect from 1 December 2020 and will be for a three-year period commencing at the end of the term of office of the current Chairman, Jayendra Naidoo. Duyuru • Nov 19
Pepkor Holdings Limited Announces Resignation of Jayendra Naidoo, Effective 30 November 2020 Pepkor Holdings Limited announced that Chairman of Pepkor, Mr. Jayendra Naidoo, who has been in office since August 2017, has advised the Board that he will not make himself available for re-election as Chairman when his term ends on 30 November 2020. Is New 90 Day High Low • Nov 07
New 90-day high: €0.78 The company is up 55% from its price of €0.50 on 06 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.61 per share. Duyuru • Nov 07
Pepkor Holdings Limited to Report Fiscal Year 2020 Results on Nov 23, 2020 Pepkor Holdings Limited announced that they will report fiscal year 2020 results on Nov 23, 2020 Is New 90 Day High Low • Oct 22
New 90-day high: €0.69 The company is up 29% from its price of €0.53 on 24 July 2020. The German market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.59 per share. Duyuru • Aug 06
Cashbuild Limited (JSE:CSB) entered into an agreement to acquire The Building Company (Pty) Ltd from Pepkor Holdings Limited (JSE:PPH) for ZAR 1.1 billion. Cashbuild Limited (JSE:CSB) entered into an agreement to acquire The Building Company (Pty) Ltd from Pepkor Holdings Limited (JSE:PPH) for ZAR 1.1 billion on August 4, 2020. The purchase consideration is subject to an adjustment of an escalation rate of 5.5% per annum from January 1, 2021 until the transaction closing date, with the sum of total consideration and the the total escalation not exceeding ZAR 1.12 billion. During the 12 months ended March 31, 2020, The Building Company generated revenues of ZAR 8 billion. The transaction is subject to approval from regulatory and competition authorities, and Cashbuild's debt financing agreements being duly executed. Pepkor intends to use the proceeds to settle debt. Rand Merchant Bank acted as financial advisor and Werkmans Attorneys acted as legal advisor to Pepkor. 
