Page 160 - Profile's Stock Exchange Handbook - 2021 issue 1

JSE – LEW Profile’s Stock Exchange Handbook: 2021 – Issue 1
RATIOS
Lewis Group Ltd. Ret on SH Fnd 7.70 3.87 6.35 4.85 6.58
LEW Ret On Tot Ass 8.60 4.80 8.50 6.92 7.04
ISIN: ZAE000058236
SHORT: LEWIS Oper Pft Mgn 9.12 3.93 7.22 6.83 10.09
CODE: LEW D:E 0.14 0.35 0.03 0.14 0.21
REG NO: 2004/009817/06 Current Ratio 3.84 2.82 5.92 4.56 5.71
FOUNDED: 1934 Div Cover 1.82 1.25 1.61 1.53 2.01
LISTED: 2004 NUMBER OF EMPLOYEES: 8 519
DIRECTORS: Abrahams Prof F (ind ne),
NATURE OF BUSINESS: Bodasing A (ne), MotsepeDR(ind ne),
Lewis Group is a leading credit NjikizanaTH(ind ne), Saven H (Chair, ind ne),
retailer of household furniture, Westcott D (ind ne), Enslin J (CEO),
Bestbier J (CFO)
electrical appliances and home POPULAR BRAND NAMES: Lewis, Best Home
electronicsandhasbeenlisted ontheJSELtd. since2004where and Electric, Beares, UFO, Monarch Insurance
it is classified under the General Retailers sector. POSTAL ADDRESS: PO Box 43, Woodstock, Cape
Through the Lewis, Best Home and Electric, Beares and UFO Scan the QR code to Town, 7915
brands, the group has a branch network of 805 stores. This visit our website EMAIL: graeme@tier1ir.co.za
WEBSITE: www.lewisgroup.co.za
includes stores across all major metropolitan areas as well as a TELEPHONE: 021-460-4400 FAX: 021-460-4662
strong presence in rural South Africa, with 125 stores in the COMPANY SECRETARY: I N T Makomba
neighbouring southern African countries of Botswana, TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
Eswatini, Lesotho and Namibia. SPONSOR: UBS South Africa (Pty) Ltd.
Lewis is the country’s largest furniture chain and one of the AUDITORS: PwC Inc.
most recognisable brands in furniture retailing, focused BANKERS:AbsaBankLtd.,FirstNationalBankofAfricaLtd.,InvestecBank
Ltd., Nedbank Ltd., Standard Bank Ltd.
primarily on the growing middle to lower income market in
thelivingstandardsmeasurement(“LSM”)4to7categories. CALENDAR Expected Status
ThegrouphasexpandeditsofferingbeyondtheLewischainby Next Final Results May 2021 Unconfirmed
developing the Best Home and Electric brand selling home ap- Annual General Meeting Oct 2021 Unconfirmed
pliancesaswellasfurniturerangesintheLSM4to7category. Next Interim Results Nov 2021 Unconfirmed
In 2014 the group embarked on a strategy of diversifying CAPITAL STRUCTURE AUTHORISED ISSUED
across income groups and market segments by acquiring the LEW Ords 1c ea 150 000 000 75 235 607
long-establishedBeares brand. The Beares brand is focusedon DISTRIBUTIONS [ZARc]
the middle-income market in the LSM 7 to 9 category. Ords 1c ea Ldt Pay Amt
In 2018, the group acquired UFO as a continuation of the Interim No 33 19 Jan 21 25 Jan 21 133.00
group’s diversification strategy. UFO is an independent, cash Final No 32 15 Sep 20 21 Sep 20 65.00
furniture retailer with a retail footprintof41 stores. UFOis re- Interim No 31 21 Jan 20 27 Jan 20 120.00
Final No 30 16 Jul 19 22 Jul 19 129.00
cognised as a luxury brand with a value offering to the upper
consumerspectrum, namelyLSM9+.MonarchInsurance,the LIQUIDITY: Nov20 Ave 951 367 shares p.w., R19.6m(64.3% p.a.)
group’s financial services subsidiary, provides optional micro GERE 40 Week MA LEWIS
insurance products that comply with the National Credit Act, 10169
to customers purchasing merchandise on credit.
8383
SECTOR: Consumer Srvcs—Retail—Gen Retailers—Home Improves
6597
MAJOR ORDINARY SHAREHOLDERS as at 31 March 2020
Government Employees Pension Fund 10.26%
Trimark Global Endeavour Fund 9.69% 4812
Trimark Global Balanced Fund 5.26%
3026
FINANCIAL STATISTICS
(R million) Sep 20 Mar 20 Mar 19 Mar 18 Mar 17 2015 | 2016 | 2017 | 2018 | 2019 | 2020 1240
Interim Final Final Final(rst) Final(rst)
Turnover 3 034 6 453 6 137 5 557 5 592 Recent Announcements
Op Inc 277 254 443 379 564 Lewis interim results September 2020 - Wednesday, 25 November
NetIntPd(Rcvd) 15 - 19 - 21 - 13 44 2020: Lewis Group overcame severe trading restrictions in the
Tax 79 90 154 128 163
Att Inc 183 182 310 264 358 first two months of the national Covid-19 lockdowns to recover
TotCompIncLoss 193 216 295 317 356 strongly and increase operating profit by 13.6% for the first six
Hline Erngs-CO 182 205 308 261 355 months of the 2021 financial year.
Fixed Ass 319 324 299 302 344 Following the reopening of the stores in South Africa at the
Right of Use Assets 653 694 - - - beginningofJune,thegroupexperiencedstrongcustomerdemand
Inv & Loans 252 228 276 471 456 across all brands, with sales growth initially being supported by
Def Tax Asset 119 166 195 11 49 pent up demand and savings accumulated during lockdown.
Trademarks&Software 118 121 122 118 66 The board continues to demonstrate confidence in the group’s
Goodwill 188 188 188 188 6 prospects by declaring an interim dividend of 133 cents per
Retirement Benefit Ass 107 107 79 91 55
Tot Curr Ass 5 046 5 561 4 630 5 736 6 494 share, an increase of 10.8% on the prior year, based on a
Ord SH Int 4 813 4 710 4 876 5 449 5 440 dividend payout ratio of 55%.
LT Liab 672 705 130 211 891
Tot Curr Liab 1 315 1 974 783 1 257 1 137
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 237.70 232.10 377.50 306.80 402.90
HEPS-C (ZARc) 236.30 260.20 376.20 302.60 399.50
Pct chng p.a. 9.9 - 30.8 24.3 - 24.3 - 35.7
DPS (ZARc) 133.00 185.00 234.00 200.00 200.00
Pct chng p.a. 10.8 - 20.9 17.0 - - 61.3
NAV PS (ZARc) 6 398.00 6 126.00 6 081.00 6 534.00 6 127.00
3 Yr Beta 0.18 0.48 - - 0.30 0.82
Price High 2 300 3 897 4 995 4 550 5 411
Price Low 1 201 1 520 2 540 2 250 2 795
Price Prd End 1 738 1 782 3 110 4 220 4 150
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