Reported Earnings • Jul 05
Full year 2026 earnings released: EPS: R0.71 (vs R0.65 in FY 2025) Full year 2026 results: EPS: R0.71 (up from R0.65 in FY 2025). Revenue: R1.15b (up 6.0% from FY 2025). Net income: R68.9m (up 6.2% from FY 2025). Profit margin: 6.0% (in line with FY 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Declared Dividend • Jul 03
First half dividend increased to R0.37 Dividend of R0.37 is 5.7% higher than last year. Ex-date: 15th July 2026 Payment date: 20th July 2026 Dividend yield will be 9.9%, which is lower than the industry average of 11%. Sustainability & Growth The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jun 30
PBT Holdings Limited, Annual General Meeting, Aug 14, 2026 PBT Holdings Limited, Annual General Meeting, Aug 14, 2026. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). 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 (7.1% average weekly change). Market cap is less than US$100m (R665.0m market cap, or US$41.0m). New Risk • Jan 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (R632.0m market cap, or US$38.5m). Reported Earnings • Dec 01
First half 2026 earnings released: EPS: R0.35 (vs R0.29 in 1H 2025) First half 2026 results: EPS: R0.35 (up from R0.29 in 1H 2025). Revenue: R567.6m (up 3.4% from 1H 2025). Net income: R34.6m (up 19% from 1H 2025). Profit margin: 6.1% (up from 5.3% in 1H 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 10% per year. Buy Or Sell Opportunity • Nov 13
Now 22% undervalued Over the last 90 days, the stock has risen 8.9% to R6.37. The fair value is estimated to be R8.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has declined by 10%. Duyuru • Nov 12
PBT Holdings Limited to Report First Half, 2026 Results on Nov 28, 2025 PBT Holdings Limited announced that they will report first half, 2026 results on Nov 28, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R7.00, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 10x in the IT industry in South Africa. Total returns to shareholders of 23% over the past three years. Buy Or Sell Opportunity • Oct 08
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at R6.20. The fair value is estimated to be R8.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has declined by 10%. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to R7.40, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 12x in the IT industry in South Africa. Total returns to shareholders of 31% over the past three years. Declared Dividend • Jun 30
Final dividend of R0.35 announced Shareholders will receive a dividend of R0.35. Ex-date: 16th July 2025 Payment date: 21st July 2025 Dividend yield will be 11%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: R0.65 (vs R0.63 in FY 2024) Full year 2025 results: EPS: R0.65 (up from R0.63 in FY 2024). Revenue: R1.09b (up 1.4% from FY 2024). Net income: R64.8m (flat on FY 2024). Profit margin: 6.0% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 14% per year. New Risk • Jun 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Dividend is not well covered by earnings (459% payout ratio). Market cap is less than US$100m (R565.0m market cap, or US$31.7m). Duyuru • Jun 27
PBT Group Limited, Annual General Meeting, Aug 29, 2025 PBT Group Limited, Annual General Meeting, Aug 29, 2025. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Dividend is not well covered by earnings (459% payout ratio). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (R550.0m market cap, or US$30.7m). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R6.49, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 11x in the IT industry in Africa. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to R6.47, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 12x in the IT industry in Africa. Total returns to shareholders of 32% over the past three years. New Risk • Apr 14
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 South African stocks, typically moving 7.8% 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 Dividend is not well covered by earnings (459% payout ratio). Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (R550.0m market cap, or US$29.2m). Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to R6.50, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 11x in the IT industry in Africa. Total returns to shareholders of 33% over the past three years. New Risk • Dec 10
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 South African stocks, typically moving 6.5% 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 Dividend is not well covered by earnings (459% payout ratio). Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (R630.0m market cap, or US$35.3m). Reported Earnings • Dec 04
First half 2025 earnings released: EPS: R0.29 (vs R0.29 in 1H 2024) First half 2025 results: EPS: R0.29 (down from R0.29 in 1H 2024). Revenue: R549.0m (flat on 1H 2024). Net income: R29.1m (down 2.2% from 1H 2024). Profit margin: 5.3% (down from 5.4% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 10% per year. Declared Dividend • Dec 02
Final dividend increased to R0.27 Dividend of R0.27 is 3.8% higher than last year. Ex-date: 18th December 2024 Payment date: 23rd December 2024 Dividend yield will be 11%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Director Pule Taukobong was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 01
Final dividend of R0.34 announced Shareholders will receive a dividend of R0.34. Ex-date: 17th July 2024 Payment date: 22nd July 2024 Dividend yield will be 9.3%, which is lower than the industry average of 11%. Sustainability & Growth The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.5% to bring the payout ratio under control, which is less than the 28% EPS growth achieved over the last 5 years. Reported Earnings • Jun 30
Full year 2024 earnings released: EPS: R0.63 (vs R0.78 in FY 2023) Full year 2024 results: EPS: R0.63 (down from R0.78 in FY 2023). Revenue: R1.07b (down 1.7% from FY 2023). Net income: R64.0m (down 6.5% from FY 2023). Profit margin: 6.0% (down from 6.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 29
PBT Group Limited, Annual General Meeting, Aug 02, 2024 PBT Group Limited, Annual General Meeting, Aug 02, 2024. Duyuru • Jun 28
PBT Group Limited Announces Distribution on Ordinary Shares, Payable on 22 July 2024 PBT Group Limited on 24 June 2024, the Board of Directors resolved to declare a capital reduction distribution of 17.00 cents per ordinary share and a dividend distribution of 17.00 cents per ordinary share. The total distribution will equate to ZAR 35.4 million. Last day to trade "cum Distribution" on 16 July 2024. The first trading day "ex distribution" on 17 July 2024. The record date is on 19 July 2024. The dividend is payable on 22 July 2024. New Risk • Jun 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (R659.3m market cap, or US$36.4m). Upcoming Dividend • Dec 13
Upcoming dividend of R0.26 per share at 13% yield Eligible shareholders must have bought the stock before 20 December 2023. Payment date: 27 December 2023. Payout ratio is a comfortable 61% and the cash payout ratio is 83%. Trailing yield: 13%. Within top quartile of South African dividend payers (9.4%). Higher than average of industry peers (11%). Duyuru • Dec 02
PBT Group Limited Declares Interim Distribution for Six Months Ended 30 September 2023, Payable on 27 December 2023 On 24 November 2023, the Board of PBT Group Limited resolved to declare an interim distribution of 13.00 cents per PBT ordinary share and a dividend distribution of 13.00 cents per PBT ordinary share for the six months ended 30 September 2023. Last day to trade "cum Distribution"is 19 December 2023. First trading day "ex Distribution" is 20 December 2023. Record date is 22 December 2023. Payment date is 27 December 2023. Duyuru • Nov 29
PBT Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2023 PBT Group Limited provided earnings guidance for the six months ended June 30, 2023. Shareholders of PBT Group are advised that the Company is satisfied that a reasonable degree of certainty exists that the expected earnings per share ("EPS") and headline earnings per share ("HEPS") for the current period will differ by at least 20% from that of the previous corresponding period, being the six months ended 30 September 2022 ("the prior period"). Revenue from continuing operations to be ZAR 536.5 million to ZAR 558.4 million, Headline Earnings to be ZAR 29.1 million to ZAR 30.3 million, Headline Earnings per share to be ZAR 28.3 to ZAR 29.5, Earnings per share to be ZAR 28.3 to ZAR 29.5. Group Revenue to be ZAR 552.9 million to ZAR 575.5 million, Headline Earnings to be ZAR 26.0 million to ZAR 27.0 million, Headline Earnings per share to be ZAR 25.2 to ZAR 26.3, Earnings per share to be ZAR 26.0 to ZAR 27.1. Upcoming Dividend • Jul 12
Upcoming dividend of R0.33 per share at 15% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 24 July 2023. Trailing yield: 15%. Within top quartile of South African dividend payers (10.0%). Higher than average of industry peers (9.2%). Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to R8.01, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 10x in the IT industry in Africa. Total returns to shareholders of 557% over the past three years. Upcoming Dividend • May 03
Upcoming dividend of R0.75 per share at 9.0% yield Eligible shareholders must have bought the stock before 10 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 9.0%. Lower than top quartile of South African dividend payers (9.4%). Higher than average of industry peers (8.0%). Upcoming Dividend • Apr 26
Upcoming dividend of R0.75 per share at 8.6% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 08 May 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 8.6%. Lower than top quartile of South African dividend payers (9.4%). In line with average of industry peers (8.1%). Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to R8.50, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 9x in the IT industry in Africa. Total returns to shareholders of 440% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to R8.49, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 11x in the IT industry in South Africa. Total returns to shareholders of 523% over the past three years. Duyuru • Jan 13
Pulsent OH GP Proprietary Limited completed the acquisition of additional 3.34% stake in PBT Group Limited (JSE:PBG). Pulsent OH GP Proprietary Limited agreed to acquire additional 3.34% stake in PBT Group Limited (JSE:PBG) for ZAR 26.1 million on December 1, 2022. For 2.1 million shares the offer per share is ZAR 8.5 and for 0.9 million shares the offer per share is ZAR 9.2.
Pulsent OH GP Proprietary Limited completed the acquisition of additional 3.34% stake in PBT Group Limited (JSE:PBG) on January 11, 2023. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 32% share price gain to R13.00, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 14x in the IT industry in South Africa. Total returns to shareholders of 779% over the past three years. Upcoming Dividend • Jan 04
Upcoming dividend of R0.30 per share Eligible shareholders must have bought the stock before 11 January 2023. Payment date: 16 January 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 8.5%. Lower than top quartile of South African dividend payers (8.7%). In line with average of industry peers (8.7%). Upcoming Dividend • Dec 14
Upcoming dividend of R0.25 per share Eligible shareholders must have bought the stock before 21 December 2022. Payment date: 28 December 2022. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 9.2%. Within top quartile of South African dividend payers (8.8%). In line with average of industry peers (8.5%). Reported Earnings • Dec 01
First half 2023 earnings released: EPS: R0.36 (vs R0.35 in 1H 2022) First half 2023 results: EPS: R0.36 (up from R0.35 in 1H 2022). Revenue: R536.5m (up 14% from 1H 2022). Net income: R29.7m (up 1.8% from 1H 2022). Profit margin: 5.5% (down from 6.2% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 15% share price gain to R10.40, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 11x in the IT industry in South Africa. Total returns to shareholders of 786% over the past three years. Upcoming Dividend • Jul 13
Upcoming dividend of R0.32 per share Eligible shareholders must have bought the stock before 20 July 2022. Payment date: 25 July 2022. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of South African dividend payers (8.9%). Higher than average of industry peers (7.0%). Duyuru • Jul 09
PBT Group Limited, Annual General Meeting, Aug 19, 2022 PBT Group Limited, Annual General Meeting, Aug 19, 2022, at 10:00 South Africa Standard Time. Agenda: Annual General Meeting. Reported Earnings • Jul 01
Full year 2022 earnings released: EPS: R0.80 (vs R0.51 in FY 2021) Full year 2022 results: EPS: R0.80 (up from R0.51 in FY 2021). Revenue: R975.7m (up 24% from FY 2021). Net income: R67.2m (up 52% from FY 2021). Profit margin: 6.9% (up from 5.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 25
PBT Group Limited to Report Fiscal Year 2022 Results on Jun 30, 2022 PBT Group Limited announced that they will report fiscal year 2022 results on Jun 30, 2022 Upcoming Dividend • Jun 07
Upcoming dividend of R0.30 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 20 June 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 9.3%. Within top quartile of South African dividend payers (8.4%). Higher than average of industry peers (6.4%). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 22% share price gain to R9.10, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 12x in the IT industry in South Africa. Total returns to shareholders of 694% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to R7.20, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 13x in the IT industry in South Africa. Total returns to shareholders of 506% over the past three years. Upcoming Dividend • Dec 07
Upcoming dividend of R0.25 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 20 December 2021. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of South African dividend payers (7.3%). Lower than average of industry peers (6.9%). Reported Earnings • Nov 27
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: R0.35 (up from R0.21 in 1H 2021). Revenue: R468.7m (up 20% from 1H 2021). Net income: R29.2m (up 55% from 1H 2021). Profit margin: 6.2% (up from 4.8% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 84% per year whereas the company’s share price has increased by 85% per year. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 28% share price gain to R8.00, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 14x in the IT industry in South Africa. Total returns to shareholders of 656% over the past three years. Duyuru • Nov 24
Pbt Group Limited Provides Earnings Expectations for the Six Months Ended 30 September 2021 PBT Group Limited provided earnings expectations for the six months ended 30 September 2021. For the period, the company expects the Revenue of ZAR 459.3 million to ZAR 478.1 million.Profit after tax of ZAR 40.7 million to ZAR 42.4 million. Earnings per share of ZAR 34.26 to ZAR 35.66. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 29% share price decline to R6.00, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 14x in the IT industry in South Africa. Total returns to shareholders of 410% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 16% share price gain to R5.50, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 11x in the IT industry in South Africa. Total returns to shareholders of 495% over the past three years. Recent Insider Transactions • Jul 29
Non-Executive Director recently sold R434k worth of stock On the 27th of July, Hermanus Steyn sold around 94k shares on-market at roughly R4.62 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 17% share price gain to R4.90, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 14x in the IT industry in Africa. Total returns to shareholders of 272% over the past three years. Upcoming Dividend • Jul 28
Upcoming dividend of R0.22 per share Eligible shareholders must have bought the stock before 04 August 2021. Payment date: 10 August 2021. Trailing yield: 9.0%. Within top quartile of South African dividend payers (8.0%). In line with average of industry peers (9.8%). Reported Earnings • Jul 03
Full year 2021 earnings released: EPS R0.51 (vs R0.31 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R789.0m (up 17% from FY 2020). Net income: R44.2m (up 49% from FY 2020). Profit margin: 5.6% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 19% share price gain to R4.94, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 16x in the IT industry in Africa. Total returns to shareholders of 332% over the past three years. Is New 90 Day High Low • Jan 15
New 90-day high: R4.30 The company is up 43% from its price of R3.01 on 16 October 2020. The South African market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 24% over the same period. Reported Earnings • Nov 30
First half 2021 earnings released: EPS R0.21 The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: R389.3m (up 21% from 1H 2020). Net income: R18.8m (up 17% from 1H 2020). Profit margin: 4.8% (down from 5.0% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 05
New 90-day high: R3.49 The company is up 21% from its price of R2.88 on 07 August 2020. The South African market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 21
New 90-day high: R3.24 The company is up 9.0% from its price of R2.98 on 23 July 2020. The South African market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 19% over the same period. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 15% share price gain to R3.23, the stock is trading at a trailing P/E ratio of 10.5x, up from the previous P/E ratio of 9.1x. This compares to an average P/E of 12x in the IT industry in Africa. Total returns to shareholders over the past three years are 95%.