Page 219 - SHB 2020 Issue 1

Profile’s Stock Exchange Handbook: 2020 – Issue 1 JSE – REM
REMGRO Forecast Data REMGRO Analysis Data
Market Cap at 25 Nov 2019: R102 271m VALUATION DATA
Shares in issue: 529 217 007 Jun 19 Jun 18 Jun 17 Jun 16 Jun 15
Final Final Final Final(rst) Final
REM Price(c) at 25 Nov 2019: 19 325
MrktCap (Rm) 106 779 116 093 121 304 131 561 132 222
REM Hi/Lo Price(c) (24 Mnths): 24 460/16 095 Pct chng - 8.0 - 4.3 - 7.8 - 0.5 11.3
REM P/E at 25 Nov 2019: 13.34 P/E at prd end 12.96 14.64 16.45 16.45 19.82
Hi/Lo REM P/E (18 Mnths): 15.60/11.11 Tr 5 yr avg 16.06 17.26 19.00 18.48 17.94
Hi/Lo Index P/E (18 Mnths): 21.41/11.92 Index prd end P/E 15.09 17.16 13.13 12.40 13.09
REM Volatility (36 Mnths): 5.21 Tr 5 yr avg 14.18 14.25 13.29 13.31 13.36
HEPS DPS (ZARc) NAV (ZAR/cps)
CONSENSUS 1600 18000
VIEW:
1280 14400
BUY
BUY HOLD SELL 960 10800
640 7200
EARNINGS FORECASTS Jun 20 F Jun 21 F Jun 22 F
320 3600
HEPS HEPS HEPS
Number of contributors 2 1 1 0 Jun 15 Jun 16 Jun 17 Jun 18 Jun 19 0 Jun 15 Jun 16 Jun 17 Jun 18 Jun 19
High estimate 2 138.7 1 740.0 1 972.0
Low estimate 1 549.0 1 740.0 1 972.0 MORE RATIOS AND STATS (Finals only)
Standard deviation 294.8 - - Jun 19 Jun 18 Jun 17 Jun 16 Jun 15
Final Final Final Final(rst) Final
Profile Media Consensus 1 843.8 1 740.0 1 972.0
Sales/Share(c) 10 071.00 5 489.00 4 987.00 5 279.00 4 976.00
Pct change prev year 27.3% - 5.6% 13.3%
Pct chng 83.5 10.1 - 5.5 6.1 3.8
Prospective P/E 10.5 11.1 9.8
Tr 5 yr avg 6 160.00 5 105.00 4 649.00 4 178.00 3 704.00
Fwd price: hi REM P/E, hi est 33353 27136 30754 Price/Sales ps 1.87 3.72 4.28 4.82 5.14
Fwd price: hi REM P/E, lo est 24157 27136 30754 Price/NAV 1.05 1.18 1.31 1.66 1.81
Fwd price: lo REM P/E, hi est 23757 19329 21906 Price/CashFlow 42.02 57.64 43.53 88.95 51.31
Fwd price: lo REM P/E, lo est 17207 19329 21906 Tr 3 yr avg TotRet - 6.79 - 4.58 - 0.68 12.13 27.13
Tr 5 yr avg TotRet - 1.73 3.42 12.25 21.61 25.92
DIVIDEND FORECASTS Jun 20 F Jun 21 F Jun 22 F Volatility 5.2 5.0 5.0 5.1 4.8
DPS DPS DPS
Number of contributors 2 1 1 Risk / Return Profile PEG inverse: 0.31
High estimate 737.5 640.0 678.0 100 30
Low estimate 600.0 640.0 678.0 PEG = 1
Standard deviation 68.7 - -
Profile Media Consensus 668.7 640.0 678.0 3Yr Compound Return 40 5 Yr Average HEPS Growth
Pct change prev year 18.6% - 4.3% 5.9%
Prospective DY 3.5% 3.3% 3.5%
-20 0
0 15 30 0 30
Historical PE Range Volatility P/E
HISTORICAL SHARE PRICE PERFORMANCE DATA
19.06 Avg High
Annualised returns with divs reinvested to 31 Oct 19
16.13 Average
p.a. Return Grwth in Annualised Volatility
13.06 Avg Low R1000 Inflation
1 Yr - 2.23% 978 3.66% 5.4
2015 2016 2017 2018 2019
2 Yr - 5.69% 889 4.37% 5.6
3 Yr - 4.59% 868 4.53% 5.2
5 Yr - 4.50% 794 4.92% 5.1
Lo PE Lo Lo PE Hi Hi PE Lo Hi PE Hi
REMGRO P/E
Est Est Est Est
7 Yr 5.00% 1 407 5.15% 5.2
19.99 34000
10 Yrs 9.78% 2 543 5.10% 5.0
18.25 30400
16.5 26800
Total Return Index for REMGRO TRI Price
14.75 23200
10
13.01 19600 5
Percentage growth including dividends -10
11.26 16000 0
| 2017 | 2018 | 2019 | 2020 | 2021 | -5
-15
Forecast HEPS Growth Forecast DPS Growth -20
-25
2000 700 -30
13.3% 18.6% 5.9%
27.3% -4.3% -35
1600 -5.6% 560 | 2015 | 2016 | 2017 | 2018 | 2019
1200 420
800 280
400 140
0 0
2019 2020 2021 2022 2019 2020 2021 2022
Actual Actual
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