Financials ISA Holdings Limited

Equities

ISA

ZAE000067344

IT Services & Consulting

End-of-day quote Johannesburg S.E. 23:00:00 06/06/2024 BST 5-day change 1st Jan Change
1.89 ZAR 0.00% Intraday chart for ISA Holdings Limited +6.78% +51.20%

Valuation

Fiscal Period: February 2019 2020 2021 2022 2023 2024
Capitalization 1 210.6 87.36 103 162.2 177.8 216.8
Enterprise Value (EV) 1 147.5 41.43 53.7 114.9 145.9 186.8
P/E ratio 7.03 x 3.73 x 7.95 x 9.92 x 8.13 x 7.35 x
Yield 14.2% - 12.6% 10.1% 12.3% -
Capitalization / Revenue 1.75 x 0.86 x 1.53 x 2.17 x 2.35 x 2.15 x
EV / Revenue 1.23 x 0.41 x 0.8 x 1.54 x 1.93 x 1.85 x
EV / EBITDA 5.13 x 1.66 x 3.72 x 6.05 x 10.1 x 9.19 x
EV / FCF 5.07 x 2.64 x 7.56 x 24.3 x 13.8 x 10.4 x
FCF Yield 19.7% 37.9% 13.2% 4.12% 7.24% 9.58%
Price to Book 2.21 x 1.52 x 1.64 x 2.31 x 3.08 x 3.46 x
Nbr of stocks (in thousands) 155,996 155,996 155,996 155,996 155,996 155,996
Reference price 2 1.350 0.5600 0.6600 1.040 1.140 1.390
Announcement Date 27/05/19 29/05/20 31/05/21 27/05/22 26/05/23 24/05/24
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2019 2020 2021 2022 2023 2024
Net sales 1 120.1 101.2 67.32 74.74 75.58 100.8
EBITDA 1 28.75 24.96 14.43 18.98 14.42 20.33
EBIT 1 28.21 24.71 14.1 18.75 13.93 19.84
Operating Margin 23.49% 24.41% 20.94% 25.08% 18.43% 19.69%
Earnings before Tax (EBT) 1 41.5 32.19 17.44 22.82 26.41 35.1
Net income 1 29.96 23.42 12.95 16.35 21.87 29.54
Net margin 24.95% 23.14% 19.23% 21.88% 28.94% 29.31%
EPS 2 0.1920 0.1500 0.0830 0.1048 0.1402 0.1890
Free Cash Flow 1 29.1 15.7 7.107 4.737 10.55 17.9
FCF margin 24.23% 15.51% 10.56% 6.34% 13.96% 17.76%
FCF Conversion (EBITDA) 101.2% 62.89% 49.25% 24.95% 73.2% 88.03%
FCF Conversion (Net income) 97.13% 67.01% 54.9% 28.97% 48.26% 60.6%
Dividend per Share 2 0.1920 - 0.0830 0.1050 0.1400 -
Announcement Date 27/05/19 29/05/20 31/05/21 27/05/22 26/05/23 24/05/24
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: February 2019 2020 2021 2022 2023 2024
Net Debt 1 - - - - - -
Net Cash position 1 63 45.9 49.3 47.3 32 30.1
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 29.1 15.7 7.11 4.74 10.6 17.9
ROE (net income / shareholders' equity) 32.9% 30.6% 21.5% 24.6% 34.1% 48.9%
ROA (Net income/ Total Assets) 15% 15.3% 11.4% 14.8% 10.8% 15.3%
Assets 1 199.6 153.4 113.9 110.8 201.6 193.7
Book Value Per Share 2 0.6100 0.3700 0.4000 0.4500 0.3700 0.4000
Cash Flow per Share 2 0.4000 0.2900 0.3200 0.3000 0.2000 0.1900
Capex 1 0.15 0.14 0.11 0.11 1.51 0.46
Capex / Sales 0.12% 0.14% 0.17% 0.14% 2% 0.45%
Announcement Date 27/05/19 29/05/20 31/05/21 27/05/22 26/05/23 24/05/24
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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