Page 215 - Profile's Stock Exchange Handbook 2022 Issue 1

Profile’s Stock Exchange Handbook: 2022 – Issue 1 JSE – SPA
3 Yr Beta 0.08 0.07 0.64 1.05 0.95
The SPAR Group Ltd. Price High 21 347 21 622 21 072 22 700 20 499
Price Low 17 111 14 225 16 418 16 553 15 018
SPA
Price Prd End 19 642 18 965 19 101 18 413 16 708
RATIOS
Ret on SH Fnd 26.36 24.79 28.97 25.70 27.75
Ret On Tot Ass 6.68 6.50 9.69 10.36 10.41
Oper Pft Mgn 2.65 2.77 2.72 2.75 2.70
D:E 2.80 2.70 1.46 1.13 1.24
ISIN: ZAE000058517 SHORT: SPAR CODE: SPP Int Cover 9.34 7.83 18.63 105.87 n/a
REG NO: 1967/001572/06 FOUNDED: 1967 LISTED: 2004 Current Ratio 1.02 0.97 1.09 1.13 1.16
Div Cover 1.44 1.25 1.41 1.32 1.41
NATURE OF BUSINESS: NUMBER OF EMPLOYEES: 10 168
SPAR is a warehousing and wholesale distribution business, DIRECTORS: Canny J (ind ne), Koyana L (ind ne),
supplying goods and services to independently owned Waller A G (ld ind ne), Botten B (CEO),
retailers, trading predominantly under the SPAR retail brand. Godfrey M W (Group FD), Mashologu M (ind ne),
Mehta H K (ind ne), Mnganga Dr P (ind ne),
Part of a global organisation, The SPAR Group Ltd is the only O’Connor G O (Chair, ne)
SPAR listed entity and is the registered licensee of the SPAR POPULAR BRAND NAMES: S Buys Group, SPAR,
brand in parts of Southern Africa including South Africa, as SUPERSPAR, KWIKSPAR, SPAR Express, TOPS
wellasSwitzerland,IrelandandPoland.The natureoftherela- at SPAR, Pharmacy at SPAR, Bean Tree, SaveMor,
tionship between the company and independently owned Scan the QR code to Build it, EUROSPAR, MACE, XL, Value Centre,
Londis, Maxi
visit our website
stores is one of joint co-operation for the benefit of the POSTALADDRESS:POBox1589,Pinetown,3600
members of this association. SPAR’s primary revenue stream EMAIL: kyla.armstrong@spar.co.za
is derived from the provision of goods and services to its WEBSITE: www.spar.co.za
member stores. The financial performance of independent TELEPHONE: 031-719-1900
retailers does not form part of the company’s financial results. COMPANY SECRETARY: Kevin O’Brien (Acting)
SPAR operates under a ‘voluntary trading model’ whereby TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
retailers may also source goods from local traders, thereby SPONSOR: One Capital
AUDITORS: PwC Inc.
supporting their local communities. BANKERS: Rand Merchant Bank Ltd.
In South Africa, SPAR’s brands include SUPERSPAR, SPAR,
KWIKSPAR, SPAR Express (groceries), TOPS at SPAR CALENDAR Expected Status
(liquor), SaveMor, Build it (building materials), Pharmacy at Annual General Meeting Feb 2022 Unconfirmed
SPAR and SPAR Encore (private label procurement). In Next Interim Results May 2022 Unconfirmed
Ireland (and South West England) its brands include SPAR, Next Final Results Nov 2022 Unconfirmed
Eurospar, MACE, XL, Londis and VALUE CENTRE. In Swit-
zerland, its brands include SPAR, SPAR Express, MAXI and CAPITAL STRUCTURE AUTHORISED ISSUED
TopCC. In Poland it’s brands include Piotr i Pawel (in the SPP Ords of 0.06c ea 250 000 000 192 602 355
process of conversion to SPAR) and SPAR. SPAR also has a DISTRIBUTIONS [ZARc]
joint venture operation in Sri Lanka. Ords of 0.06c ea Ldt Pay Amt
SPAR is part of the SPAR international organisation (with Final No 34 7 Dec 21 13 Dec 21 536.00
presence in 48 countries), the world’s leading voluntary food Interim No 33 8 Jun 21 14 Jun 21 280.00
retail chain and the biggest independent supermarket retail Final No 32 8 Dec 20 14 Dec 20 665.00
network in the world. This global brand, prides itself on sup- Interim No 31 9 Jun 20 15 Jun 20 200.00
porting independent retailers, working in partnership to LIQUIDITY: Nov21 Avg 3m shares p.w., R648.8m(91.2% p.a.)
provide a high quality, value for money shopping experience
FOOR 40 Week MA SPAR
for the communities it serves.
SECTOR: CnsStp—PcDrugs&Groceries—PcDrugs&Groceries—Food
MAJOR ORDINARY SHAREHOLDERS as at 18 Nov 2021 23468
Government Employees Pension Fund 19.94%
Coronation Fund Managers 17.35% 21413
Public Investment Corporation (SOC) Ltd. 14.85%
19359
FINANCIAL STATISTICS
(R million) Sep 21 Sep 20 Sep 19 Sep 18 Sep 17 17304
Final Final Final Final(rst) Final(rst)
Turnover 127 941 124 277 109 477 101 018 95 373 2016 | 2017 | 2018 | 2019 | 2020 | 2021 15250
Op Inc 3 393 3 443 2 979 2 779 2 576
NetIntPd(Rcvd) 362 404 158 24 - 17 Recent Announcements
Tax 809 740 618 637 645 Spar final results September 2021 - Wednesday, 17 November 2021:
Minority Int - 57 - 119 - - - Revenuefor theyearfromsaleofmerchandise increasedby2.9%
Att Inc 2 266 2 075 2 163 1 827 1 821 to R127.941 billion (2020: R124.277 billion) and gross profit rose
TotCompIncLoss 2 444 2 433 1 843 2 091 2 231 to R15.359 billion (2020: R14.780 billion). Operating profit was
Hline Erngs-CO 2 304 2 184 2 173 1 860 1 835 1.5% lower at R3.393 billion (2020: R3.443 billion). Profit for the
Fixed Ass 8 193 8 725 7 184 6 652 6 554 year attributable to equity holders went up to R2.266 billion
Inv in Assoc 95 103 103 157 117 (2020: R2.075 billion) and headline earnings per share grew 5.4%
Inv & Loans 700 795 1 132 696 406 to 1 196.2 cents per share (2020: 1 135.3 cents per share).
Def Tax Asset 228 223 75 14 21
Tot Curr Ass 23 618 24 324 19 841 18 176 17 021
Ord SH Int 8 202 7 960 7 467 7 110 6 560
Minority Int 178 - 70 - - -
LT Liab 20 571 19 694 8 405 8 037 7 875
Tot Curr Liab 23 117 25 155 18 181 16 108 14 541
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 1 176.30 1 078.70 1 124.10 948.90 945.50
HEPS-C (ZARc) 1 196.20 1 135.30 1 129.10 965.70 952.80
Pct chng p.a. 5.4 0.5 16.9 1.4 - 6.6
Tr 5yr av grwth % 3.5 6.9 8.1 7.2 9.5
DPS (ZARc) 816.00 865.00 800.00 729.00 675.00
Pct chng p.a. - 5.7 8.1 9.7 8.0 1.5
Tr 5yr av grwth % 4.3 6.5 8.3 8.6 9.6
NAV PS (ZARc) 4 305.50 4 102.20 3 879.90 3 692.20 3 407.00
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