Page 159 - 2021 Issue 2

Profile’s Stock Exchange Handbook: 2021 – Issue 2 JSE – LEW
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),
electrical appliances and home Bestbier J (CFO)
electronicsandhasbeenlisted ontheJSELtd. since2004where POPULAR BRAND NAMES: Lewis, Best Home
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
includes stores across all major metropolitan areas as well as a WEBSITE: www.lewisgroup.co.za
strong presence in rural South Africa, with 125 stores in the TELEPHONE: 021-460-4400 FAX: 021-460-4662
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.,FirstNationalBankofAfrica Ltd.,InvestecBank
primarily on the growing middle to lower income market in Ltd., Nedbank Ltd., Standard Bank Ltd.
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 72 757 938
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
25 Jan 21
19 Jan 21
In 2018, the group acquired UFO as a continuation of the Interim No 33 15 Sep 20 21 Sep 20 133.00
Final No 32
65.00
group’s diversification strategy. UFO is an independent, cash Interim No 31 21 Jan 20 27 Jan 20 120.00
furniture retailer with a retail footprintof41 stores. UFOis re- Final No 30 16 Jul 19 22 Jul 19 129.00
cognised as a luxury brand with a value offering to the upper LIQUIDITY: Mar21 Ave 1m shares p.w., R19.9m(72.0% p.a.)
consumerspectrum, namelyLSM9+.MonarchInsurance,the
40 Week MA LEWIS
group's financial services subsidiary, provides optional micro
7084
insurance products that comply with the National Credit Act,
to customers purchasing merchandise on credit. 5915
SECTOR: ConsDiscr—Retail—Retailers—HomeImprovementRetailers 4747
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2020
Government Employees Pension Fund 10.26% 3578
Trimark Global Endeavour Fund 9.69%
Trimark Global Balanced Fund 5.26% 2409
FINANCIAL STATISTICS 1240
(R million) Sep 20 Mar 20 Mar 19 Mar 18 Mar 17 2016 | 2017 | 2018 | 2019 | 2020 |
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 nine month trading update - Wednesday, 27 January 2021: The
NetIntPd(Rcvd) 15 - 19 - 21 - 13 44 strong customer demand experienced by Lewis Group since the
Tax 79 90 154 128 163 reopening of its stores at the beginning of June after the hard
Att Inc 183 182 310 264 358 lockdown continued for the balance of 2020, with the group de-
TotCompIncLoss 193 216 295 317 356 livering a robust trading performance in the third quarter to
Hline Erngs-CO 182 205 308 261 355 December 2020. Despite the ongoing pressure on consumer
Fixed Ass 319 324 299 302 344 spending arising from the Covid-19 pandemic and lockdown re-
Right of Use Assets 653 694 - - -
Inv & Loans 252 228 276 471 456 strictions, the group delivered strong sales growth of 16.6% for
Def Tax Asset 119 166 195 11 49 the third quarter to December 2020, supported by another
Trademarks&Software 118 121 122 118 66 buoyant Black Friday performance. Cash sales for the quarter
Goodwill 188 188 188 188 6 grew by 35.9% while credit sales increased by 2%. Merchandise
Retirement Benefit Ass 107 107 79 91 55 sales for the nine months to December 2020 increased by
Tot Curr Ass 5 046 5 561 4 630 5 736 6 494 4%.Excluding the lockdown months of April and May 2020
Ord SH Int 4 813 4 710 4 876 5 449 5 440 when stores were closed, sales grew by 18.3%.
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
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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