Page 156 - Profile's Stock Exchange Handbook 2022 Issue 1

JSE – LEW Profile’s Stock Exchange Handbook: 2022 – Issue 1
D:E 0.15 0.13 0.35 0.03 0.14
Lewis Group Ltd. Current Ratio 3.31 3.89 2.82 5.92 4.56
LEW Div Cover 1.75 1.76 1.25 1.61 1.53
ISIN: ZAE000058236
SHORT: LEWIS NUMBER OF EMPLOYEES: 8 880
CODE: LEW DIRECTORS: Abrahams Prof F (ind ne),
REG NO: 2004/009817/06 Bodasing A (ne), MotsepeDR(ind ne),
FOUNDED: 1934 NjikizanaTH(ind ne), Saven H (Chair, ind ne),
LISTED: 2004 Enslin J (CEO), Bestbier J (CFO)
POPULAR BRAND NAMES: Lewis, Best Home
NATURE OF BUSINESS: and Electric, Beares, UFO, Monarch Insurance
Lewis Group is a leading credit POSTAL ADDRESS: PO Box 43, Woodstock, Cape
Town, 7915
retailer of household furniture, Scan the QR code to EMAIL: graeme@tier1ir.co.za
electrical appliances and home visit our website WEBSITE: www.lewisgroup.co.za
electronicsandhasbeenlisted ontheJSELtd. since2004where TELEPHONE: 021-460-4400
it is classified under the General Retailers sector. COMPANY SECRETARY: I N T Makomba
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
Through the Lewis, Best Home and Electric, Beares and UFO SPONSOR: UBS South Africa (Pty) Ltd.
brands, the group has a branch network of 817 stores. This AUDITORS: PwC Inc.
includes stores across all major metropolitan areas as well as a BANKERS:AbsaBankLtd.,FirstNationalBankofAfricaLtd.,InvestecBank
strong presence in rural South Africa, with 129 stores in the Ltd., Nedbank Ltd., Standard Bank Ltd.
neighbouring southern African countries of Botswana,
CALENDAR Expected Status
Eswatini, Lesotho and Namibia.
Lewis is the country's largest furniture chain and one of the Next Final Results May 2022 Unconfirmed
most recognisable brands in furniture retailing, focused Annual General Meeting Oct 2022 Unconfirmed
primarily on the growing middle to lower income market in Next Interim Results Nov 2022 Unconfirmed
thelivingstandardsmeasurement("LSM")4to7categories.
ThegrouphasexpandeditsofferingbeyondtheLewischainby CAPITAL STRUCTURE AUTHORISED ISSUED
developing the Best Home and Electric brand selling home ap- LEW Ords 1c ea 150 000 000 63 775 009
pliancesaswellasfurniturerangesintheLSM4to7category. DISTRIBUTIONS [ZARc]
In 2014 the group embarked on a strategy of diversifying Ords 1c ea Ldt Pay Amt
across income groups and market segments by acquiring the Interim No 35 18 Jan 22 24 Jan 22 195.00
Final No 34 20 Jul 21 26 Jul 21 195.00
long-establishedBeares brand. The Beares brand is focusedon Interim No 33 19 Jan 21 25 Jan 21 133.00
the middle-income market in the LSM 7 to 9 category. Final No 32 15 Sep 20 21 Sep 20 65.00
In 2018, the group acquired UFO as a continuation of the LIQUIDITY: Dec21 Avg 832 391 shares p.w., R29.6m(67.9% p.a.)
group’s diversification strategy. UFO is an independent, cash
GERE 40 Week MA LEWIS
furniture retailer with a retail footprintof44 stores. UFOis re-
7084
cognised as a luxury brand with a value offering to the upper
consumerspectrum, namelyLSM9+.MonarchInsurance,the 5915
group's financial services subsidiary, provides optional micro
4747
insurance products that comply with the National Credit Act,
to customers purchasing merchandise on credit. 3578
SECTOR: ConsDiscr—Retail—Retailers—HomeImprovementRetailers 2409
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2021
Coronation Balanced Plus Fund (SA) 5.15% 1240
Corolife Special Opportunities Portfolio (SA) 4.74% 2016 | 2017 | 2018 | 2019 | 2020 | 2021
FINANCIAL STATISTICS Recent Announcements
(R million) Sep 21 Mar 21 Mar 20 Mar 19 Mar 18 Lewis interim results September 2021 - Wednesday, 24 November
Interim Final Final Final Final(rst)
Turnover 3 406 6 726 6 453 6 137 5 557 2021: The group posted strong sales growth for the first six
Op Inc 341 696 254 443 379 months of the 2022 financial year despite the impact of the civil
NetIntPd(Rcvd) 3 91 - 19 - 21 - 13 unrest in KwaZulu-Natal and Gauteng on trading in the July to
Tax 104 172 90 154 128 Septemberquarter.Theprior period includedtheCovid-19hard
Att Inc 234 433 182 310 264 lockdown in South Africa when all the group’s stores were
TotCompIncLoss 235 422 216 295 317 closed for at least six weeks.
Hline Erngs-CO 226 463 205 308 261 The quality of the group’s debtors’ book has continued to
Fixed Ass 408 386 324 299 302 improve, with collection rates strengthening, the percentage of
Right of Use Assets 661 635 694 - -
Inv & Loans 264 254 228 276 471 satisfactory paid accounts increasing and debtor costs continu-
Def Tax Asset 115 112 166 195 11 ing to decline. These factors, together with continued tight
Trademarks and Software 111 114 121 122 118 expense management, have contributed to the group’s
Goodwill 182 182 188 188 188 operating profit increasing by 23.3%.
Retirement and Benefit Ass 105 105 107 79 91 The board has increased the interim dividend by 46.6% to 195
Tot Curr Ass 5 180 5 035 5 561 4 630 5 736 centspershare(H12021:133cents),basedona55%payoutratio.
Ord SH Int 4 737 4 873 4 710 4 876 5 449
LT Liab 725 656 705 130 211
Tot Curr Liab 1 564 1 295 1 974 783 1 257
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 341.80 576.40 232.10 377.50 306.80
HEPS-C (ZARc) 330.00 616.50 260.20 376.20 302.60
DPS (ZARc) 195.00 328.00 185.00 234.00 200.00
NAV PS (ZARc) 7 176.00 6 814.00 6 126.00 6 081.00 6 534.00
3 Yr Beta 0.85 0.86 0.48 - - 0.30
Price High 4 423 3 211 3 897 4 995 4 550
Price Low 2 835 1 201 1 520 2 540 2 250
Price Prd End 4 150 3 071 1 782 3 110 4 220
RATIOS
Ret on SH Fnd 9.70 8.88 3.87 6.35 4.85
Ret On Tot Ass 10.50 10.50 4.80 8.50 6.92
Oper Pft Mgn 10.02 10.34 3.93 7.22 6.83
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