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JSE – DIS Profile’s Stock Exchange Handbook: 2020 – Issue 2
Dis-Chem Pharmacies Ltd. Discovery Ltd.
DIS DIS
ISIN: ZAE000227831 SHORT: DIS-CHEM CODE: DCP ISIN: ZAE000022331 SHORT: DISCOVERY CODE: DSY
REG NO: 2005/009766/06 FOUNDED: 1978 LISTED: 2016 ISIN: ZAE000158564 SHORT: DSY B PREF CODE: DSBP
NATURE OF BUSINESS: Dis-Chem is a leading retail pharmacy group in REG NO: 1999/007789/06 FOUNDED: 1992 LISTED: 1999
South Africa with a “Pharmacy First” approach meaning that ALL stores NATURE OF BUSINESS: Discovery Ltd. is listed on the Johannesburg
have a dispensary. Dis-Chem operates two main divisions namely Retail Stock Exchange and is an integrated financial services organisation
and Wholesale. specialising in health insurance, life assurance, wellness, investments and
SECTOR: Consumer Srvcs—Retail—Food&Drug—Drug Retailers savings products, short-term insurance and banking products.
NUMBER OF EMPLOYEES: 18 000 SECTOR: Fins—Insurance—Life Insurance—Life Insurance
DIRECTORS: Saltzman S E (Alternate), Bowman M (ind ne), NUMBER OF EMPLOYEES: 12 950
Coovadia Dr A (ind ne), Gani M (ind ne), Mthimunye J (ind ne), DIRECTORS: Bosman H (ne), Brink DrBA(ne), de BruynSEN(ne),
Nestadt L M (Chair, ind ne), Saltzman I L (CEO), Saltzman L F (MD), Farber R (ne), Kallner H D, KhanyileFN(ne), Koopowitz N S,
Morais R M (CFO) Maphai DrTV(ne), Mayers H P, Ntsaluba Dr A, OwenAL(ne),
MAJOR ORDINARY SHAREHOLDERS as at 24 Jul 2019 Pollard A, Swartzberg B, ZilwaSV(ne), Tucker M (Chair, ind ne),
Ivlyn (Pty) Ltd. 52.67% Gore A (CEO), Viljoen D M (Group CFO)
Government Employees Pension Fund 6.60% MAJOR ORDINARY SHAREHOLDERS as at 18 Mar 2020
Stansh (Pty) Ltd. 5.82% Rand Merchant Investment Holdings Ltd. 25.04%
POSTAL ADDRESS: Private Bag X21, Northriding, 2162 Government Employees Pension Fund 7.87%
MORE INFO: www.sharedata.co.za/v2/Scripts/Summary.aspx?c=DCP Gore A 7.67%
COMPANY SECRETARY: Whitney Thomas Green POSTAL ADDRESS: PO Box 786722, Sandton, 2146
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. MORE INFO: www.sharedata.co.za/v2/Scripts/Summary.aspx?c=DSY
SPONSOR: Standard Bank of South Africa Ltd. COMPANY SECRETARY: M J Botha
AUDITORS: Ernst & Young Inc. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
CAPITAL STRUCTURE AUTHORISED ISSUED
DCP Ords no par val 1 500 000 000 860 084 483 AUDITORS: PwC Inc.
CAPITAL STRUCTURE AUTHORISED ISSUED
DISTRIBUTIONS [ZARc] DSY Ords 0.1c ea 1 000 000 000 658 290 736
Ords no par val Ldt Pay Amt DSBP B Prefs R100 ea 20 000 000 8 000 000
Interim No 6 26 Nov 19 2 Dec 19 12.79
Final No 5 4 Jun 19 10 Jun 19 13.47 DISTRIBUTIONS [ZARc]
Ords 0.1c ea Ldt Pay Amt
LIQUIDITY: Apr20 Ave 7m shares p.w., R168.3m(40.2% p.a.)
Interim No 28 17 Mar 20 23 Mar 20 101.00
CONS 40 Week MA DIS-CHEM Final No 27 1 Oct 19 7 Oct 19 114.00
LIQUIDITY: Apr20 Ave 9m shares p.w., R1 083.9m(68.0% p.a.)
LIFE 40 Week MA DISCOVERY
3419
19000
3038
16555
2657
14110
2275
11665
1894
2017 | 2018 | 2019 |
9220
FINANCIAL STATISTICS
(R million) Aug 19 Feb 19 Feb 18 Feb 17 2015 | 2016 | 2017 | 2018 | 2019 | 6775
Interim Final(rst) Final(rst) Final(rst)
Turnover 11 848 21 420 19 480 17 897 FINANCIAL STATISTICS
Op Inc 589 1 376 1 125 1 127 (R million) Dec 19 Jun 19 Jun 18 Jun 17 Jun 16
NetIntPd(Rcvd) 202 345 160 225 Interim Final Final Final Final
Minority Int 16 28 14 43 Gross Income 23 378 43 036 36 685 33 533 33 074
Att Inc 266 719 684 612 Inc Fm Inv 215 398 895 758 745
TotCompIncLoss 282 747 698 655 Total Income 31 486 57 253 52 800 45 209 43 723
Fixed Ass 2 992 2 995 1 182 995 Total Outgo 27 450 49 117 43 059 38 894 37 539
Tot Curr Ass 6 588 6 849 5 471 4 710 Attrib Inc 2 037 6 533 5 652 4 411 3 655
Ord SH Int 2 024 1 886 1 631 1 106 TotCompIncLoss 2 336 6 280 6 656 2 911 3 640
Ord SH Int 43 896 42 304 36 815 31 511 29 828
Minority Int 78 64 55 24
LT Liab 3 141 2 852 1 389 1 522 Minority Int 6 - - - -
Tot Curr Liab 5 041 5 719 4 060 3 250 Actuarial Liab 41 947 35 865 32 084 24 373 23 211
Cap Employed 182 346 169 002 148 091 122 849 109 420
PER SHARE STATISTICS (cents per share) Fixed Assets 4 727 4 212 4 272 1 210 1 052
HEPS-C (ZARc) 31.00 83.60 79.60 74.70 Investments 99 026 92 523 79 287 66 638 61 332
DPS (ZARc) 12.79 34.17 31.47 7.35 Current Assets 22 272 18 868 18 783 15 865 14 032
NAV PS (ZARc) 244.35 226.69 196.00 131.40 Current Liab 11 920 11 231 9 891 8 074 9 157
Price High 2 830 3 844 3 995 2 592
Price Low 1 982 2 353 2 140 2 048 PER SHARE STATISTICS (cents per share)
Price Prd End 2 225 2 580 3 445 2 398 HEPS-C (ZARc) 311.70 789.00 899.60 683.10 571.10
RATIOS DPS (ZARc) 101.00 215.00 215.00 186.00 175.50
Ret on SH Fnd 26.87 38.31 50.00 66.90 NAV PS (ZARc) 6 668.18 6 426.34 5 691.47 4 871.49 4 607.15
Oper Pft Mgn 4.98 6.42 5.80 6.50 3 Yr Beta 0.98 0.79 0.81 0.69 0.88
D:E 0.84 0.64 0.76 1.10 Price Prd End 12 063 14 911 14 750 12 792 12 250
Current Ratio 1.31 1.20 1.35 1.45 Price High 15 360 18 111 19 361 13 773 15 577
Div Cover 2.42 2.45 2.53 10.20 Price Low 9 903 13 287 12 561 10 792 10 789
RATIOS
Ret on SH Fund 9.12 15.16 15.03 13.66 11.94
Ret on Tot Ass 4.40 4.79 6.48 5.10 5.54
Debt:Equity 0.94 0.83 0.85 0.75 0.76
Solvency Mgn% 438.54 115.07 116.29 108.74 106.43
Payouts:Prem 0.59 0.56 0.56 0.58 0.54
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