Financials Zeder Investments Ltd.

Equities

ZED

ZAE000088431

Investment Management & Fund Operators

End-of-day quote Johannesburg S.E. 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
1.85 ZAR 0.00% Intraday chart for Zeder Investments Ltd. 0.00% +5.11%

Valuation

Fiscal Period: February 2019 2020 2021 2022 2023 2024
Capitalization 1 7,199 7,216 4,063 5,491 2,646 2,733
Enterprise Value (EV) 1 9,838 10,953 3,187 4,983 2,201 2,039
P/E ratio 111 x 12.9 x 1.81 x 7.88 x -12.8 x 552 x
Yield 2.6% - - - - -
Capitalization / Revenue 0.94 x 0.96 x - - - -
EV / Revenue 1.29 x 1.46 x - - - -
EV / EBITDA 209 x 43.8 x 11.6 x - - -
EV / FCF -22 x -1.87 x 0.43 x -1.48 x 0.64 x -14.5 x
FCF Yield -4.55% -53.5% 231% -67.5% 156% -6.9%
Price to Book 0.89 x 0.9 x 0.61 x 0.77 x 0.66 x 0.72 x
Nbr of stocks (in thousands) 1,701,879 1,701,879 1,533,257 1,538,000 1,538,259 1,535,134
Reference price 2 4.230 4.240 2.650 3.570 1.720 1.780
Announcement Date 16/04/19 29/05/20 26/05/21 10/06/22 24/05/23 28/05/24
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2019 2020 2021 2022 2023 2024
Net sales 1 7,641 7,492 - - - -
EBITDA 1 47 250 275 - - -
EBIT 1 -154 64 -22 -36 -32 -33
Operating Margin -2.02% 0.85% - - - -
Earnings before Tax (EBT) 1 232 -99 1,137 10 38 27
Net income 1 89 561 2,475 801 -187 12
Net margin 1.16% 7.49% - - - -
EPS 2 0.0381 0.3290 1.468 0.4528 -0.1343 0.003222
Free Cash Flow 1 -447.8 -5,858 7,357 -3,362 3,426 -140.6
FCF margin -5.86% -78.19% - - - -
FCF Conversion (EBITDA) - - 2,675.14% - - -
FCF Conversion (Net income) - - 297.24% - - -
Dividend per Share 2 0.1100 - - - - -
Announcement Date 16/04/19 29/05/20 26/05/21 10/06/22 24/05/23 28/05/24
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: February 2019 2020 2021 2022 2023 2024
Net Debt 1 2,639 3,737 - - - -
Net Cash position 1 - - 876 508 445 694
Leverage (Debt/EBITDA) 56.15 x 14.95 x - - - -
Free Cash Flow 1 -448 -5,858 7,357 -3,362 3,426 -141
ROE (net income / shareholders' equity) 1.43% -2.34% 14.9% -0.03% 0.41% 0.31%
ROA (Net income/ Total Assets) -0.73% 0.3% -0.13% -0.32% -0.35% -0.52%
Assets 1 -12,114 188,953 -1,880,699 -249,688 53,216 -2,321
Book Value Per Share 2 4.760 4.690 4.330 4.660 2.600 2.480
Cash Flow per Share 2 0.2500 0.2400 0.5700 0.3300 0.2900 0.4500
Capex 1 177 202 - - - -
Capex / Sales 2.32% 2.7% - - - -
Announcement Date 16/04/19 29/05/20 26/05/21 10/06/22 24/05/23 28/05/24
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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