Page 103 - SHB 2021 Issue 4

Profile’s Stock Exchange Handbook: 2021 – Issue 4 JSE – CAS
POPULAR BRAND NAMES: Cashbuild,
Cashbuild Ltd. Champion Cement, Champion Paint, P&L
Hardware
CAS
POSTAL ADDRESS: PO Box 90115, Bertsham,
2013
WEBSITE: www.cashbuild.co.za
TELEPHONE: 011-248-1500 FAX: 086-666-3291
COMPANY SECRETARY: Takalani Nengovhela
TRANSFER SECRETARY: JSE Investor Services
Scan the QR code to (Pty) Ltd.
visit our website SPONSOR: Nedbank CIB
ISIN: ZAE000028320 SHORT: CASHBIL CODE: CSB
REG NO: 1986/001503/06 FOUNDED: 1978 LISTED: 1986 AUDITORS: PwC Inc.
BANKERS: First National Bank, Nedbank Ltd., Standard Bank of SA Ltd.
NATURE OF BUSINESS:
Cashbuild is southern Africa’s leading retailer of quality CALENDAR Expected Status
building materials and associated products, selling direct to a Annual General Meeting Nov 2021 Unconfirmed
cash-paying customer base through our chain ofstores (319 at Next Interim Results Mar 2022 Unconfirmed
the end of this reporting period which includes 55 P&L Next Final Results Sep 2022 Unconfirmed
Hardware stores and 1 DIY store). Cashbuild carries an CAPITAL STRUCTURE AUTHORISED ISSUED
in-depth quality product range tailored to the specific needs of CSB Ords 1c ea 35 000 000 24 989 811
the communities we serve. Our customers are typically DISTRIBUTIONS [ZARc]
home-builders and improvers, contractors, farmers, traders, Ords 1c ea Ldt Pay Amt
as well as all other customers requiring quality building Final No 57 20 Sep 21 27 Sep 21 2211.00
materials at the best value. Interim No 56 23 Mar 21 29 Mar 21 724.00
28 Sep 20
21 Sep 20
Cashbuild has built its credibility and reputation by consis- Final No 55 24 Mar 20 30 Mar 20 272.00
435.00
Interim No 54
tently offering its customers quality building materials at the
best value and through a purchasing and inventory policy that LIQUIDITY: Oct21 Ave 210 261 shares p.w., R46.4m(43.8% p.a.)
ensures customers’ requirements are always met. GERE 40 Week MA CASHBIL
SECTOR: ConsDiscr—Retail—Retailers—HomeImprovementRetailers
MAJOR ORDINARY SHAREHOLDERS as at 27 Jun 2021 42625
Allan Gray (Pty) Ltd. 13.06%
Goldrick P K 9.29% 34773
Cashbuild Empowerment Trust 7.06%
FINANCIAL STATISTICS 26920
(R million) Jun 21 Jun 20 Jun 19 Jun 18 Jun 17
Final Final (53 wks) Final(rst) Final(rst) 19068
Final
11216
Turnover 12 616 10 091 10 821 10 207 9 730 2016 | 2017 | 2018 | 2019 | 2020 | 2021
Op Inc 1 039 520 559 543 620 Recent Announcements
NetIntPd(Rcvd) 71 126 - 54 - 51 - 37
Tax 298 121 180 169 188 Cashbuild final results June 2021 - Wednesday, 01 September 2021:
Minority Int 5 5 5 5 4 Revenue for the period increased to R12.6 billion (2020: R10.1
Att Inc 665 267 427 421 465 billion), gross profit went up to R3.4 billion (2020: R2.5 billion)
TotCompIncLoss 653 299 437 431 449 and operating profit came in at a 100% increase to R1 billion
Hline Erngs-CO 650 259 434 424 464 (2020: R520 million). In addition, profit for the year attribut-
Fixed Ass 2 464 2 395 1 129 1 100 979 able to owners of the company jumped to R664.7million (2020:
Inv in Assoc 30 - - - - R267.4 million), while headline earnings per share saw a 152%
Inv & Loans 43 58 28 - - increase to 2 872.6 cps (2020: 1 138.5 cps).
Def Tax Asset 130 99 66 46 27 Dividend
Tot Curr Ass 4 241 3 371 2 279 2 635 2 257
Ord SH Int 2 552 2 117 2 157 1 890 1 656 The Board has declared a final dividend (No. 57), of 2 211 cents
Minority Int 36 38 31 28 23 (June 2020: 272 cents) per ordinary share, out of income
LT Liab 1 518 1 468 224 205 198 reserves to all shareholders of Cashbuild Ltd. This is a once-off
Tot Curr Liab 3 226 2 723 1 583 2 177 1 863 in recognition of the excellent results reported for this year.
PER SHARE STATISTICS (cents per share) Company prospects
EPS (ZARc) 2 935.70 1 176.70 1 881.30 1 851.60 2 047.70 Group revenue for the first six weeks after year end has declined
HEPS-C (ZARc) 2 872.60 1 138.50 1 910.40 1 866.50 2 045.20 by 10% when compared to the comparable six weeks of the prior
Pct chng p.a. 152.3 - 40.4 2.4 - 8.7 8.1 year. Management expects trading conditions to remain
Tr 5yr av grwth % 22.7 - 2.8 11.6 13.6 11.7 uncertain due to the ongoing Covid-19 pandemic and its
DPS (ZARc) 2 935.00 707.00 855.00 842.00 930.00 economic impact. This information has not been reviewed nor
Pct chng p.a. 315.1 - 17.3 1.5 - 9.5 - 7.1 audited by the company's auditor.
Tr 5yr av grwth % 56.6 1.7 12.1 13.5 12.5
NAV PS (ZARc) 10 211.60 8 470.00 8 636.00 7 561.00 6 642.00 During the year, Cashbuild opened 10 stores, refurbished 29
3 Yr Beta 1.21 0.88 - 0.07 0.22 1.12 stores and relocated 5 stores. Furthermore, 2 Cashbuild and 7
Price High 34 599 29 533 34 500 52 649 46 000 P&L Hardware stores were closed at the expiration of their lease
Price Low 13 501 14 001 23 002 29 005 32 100 agreements. Cashbuild will continue its store expansion, reloca-
Price Prd End 27 700 14 258 26 715 33 000 35 000 tionandrefurbishment strategyin acontrolledmannerconsider-
RATIOS ing Covid-19 pandemic uncertainties, applying the same
Ret on SH Fnd 25.89 12.65 19.77 22.17 27.96 rigorous processes as in the past.
Ret On Tot Ass 9.14 4.30 10.82 9.89 12.64 During the second week of July 2021, violent protests and
Oper Pft Mgn 8.23 5.16 5.17 5.32 6.37 looting occurred in South Africa, particularly in Gauteng and
D:E 0.18 0.19 0.08 0.12 0.12
Int Cover 6.39 2.72 133.42 172.83 163.80 KwaZulu-Natal, which negatively impacted Cashbuild. A total
Current Ratio 1.31 1.24 1.44 1.25 1.21 number of 36 stores were damaged and looted and were unable
Div Cover 1.00 1.66 2.20 2.20 2.20 to trade. Cashbuild has insurance cover in place for such events
NUMBER OF EMPLOYEES: 6 238 tominimiselossestotheGroup. Cashbuild initiatedaprocessof
DIRECTORS: KnockAGW (Chair, ind ne), de Jager W F (CEO), rebuilding, restoring and restocking the affected stores in order
Bosman M (ind ne), Bosman M (Ms) (ind ne), Lushaba DrDSS(ind ne), to resume trading as soon as practicably possible.
MokgwatsaneAJ(ind ne), Prowse A E (FD), Tapon NjamoGM(ind ne),
Thoresson S A, van Aswegen W P
101