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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 0.9x - 0.9x | 0.9x |
Historical Pb Multiple | 0.6x - 1.1x | 0.9x |
Fair Value | R191.18 - R211.31 | R201.25 |
Upside | 33.5% - 47.6% | 40.6% |
Benchmarks | - | Full Ticker |
Thungela Resources Limited | - | JSE:TGA |
New Hope Corporation Limited | - | DB:OD8 |
Yankuang Energy Group Company Limited | - | BASE:YZCA |
Yancoal Australia Ltd | - | ASX:YAL |
PT Bumi Resources Tbk | - | OTCPK:PBMR.F |
Exxaro Resources Limited | - | JSE:EXX |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
TGA | OD8 | YZCA | YAL | PBMR.F | EXX | |||
JSE:TGA | DB:OD8 | BASE:YZCA | ASX:YAL | OTCPK:PBMR.F | JSE:EXX | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | 17.7% | 18.8% | 11.1% | -45.2% | 0.1% | ||
3Y CAGR | -17.6% | 81.7% | 41.4% | 15.4% | NM- | -11.7% | ||
Latest Twelve Months | -30.4% | -15.8% | -28.4% | -33.2% | 517.7% | -31.6% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 19.1% | 20.8% | 12.3% | 10.9% | 2.3% | 37.1% | ||
Prior Fiscal Year | 16.9% | 39.5% | 14.8% | 23.3% | 28.7% | 29.2% | ||
Latest Fiscal Year | 10.1% | 26.4% | 13.4% | 17.7% | 0.7% | 19.0% | ||
Latest Twelve Months | 10.1% | 28.8% | 13.2% | 17.7% | 5.3% | 19.0% | ||
Return on Equity | ||||||||
5 Year Average Margin | 34.2% | 21.8% | 24.1% | 15.6% | 25.4% | 23.1% | ||
Prior Fiscal Year | 20.3% | 45.0% | 25.6% | 22.1% | 0.7% | 22.8% | ||
Latest Twelve Months | 14.3% | 21.9% | 22.0% | 13.7% | 4.3% | 14.5% | ||
Next Fiscal Year | 12.1% | 20.1% | 18.9% | 10.7% | 51.5% | 14.4% | ||
Two Fiscal Years Forward | 8.3% | 14.8% | 17.4% | 9.1% | 33.6% | 14.9% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 0.4x | 1.5x | 0.9x | 0.9x | 1.5x | 0.8x | ||
Price / LTM EPS | 3.6x | 5.3x | 6.8x | 5.0x | 30.9x | 4.5x | ||
Price / Book | 0.5x | 1.1x | 1.3x | 0.7x | 1.3x | 0.6x | ||
Price / Fwd Book | 0.5x | 1.1x | 0.0x | 0.6x | 1.8x | 0.6x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.5x | 1.1x | 1.3x | |||||
Historical P/B Ratio | 0.6x | 0.9x | 1.1x | |||||
Selected P/B Multiple | 0.9x | 0.9x | 0.9x | |||||
(x) Book Value | 53,987 | 53,987 | 53,987 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | TGA | OD8 | YZCA | YAL | PBMR.F | EXX | |
Value of Common Equity | 12,983 | 3,064 | 3 | 6,127 | 4,788 | 34,583 | |
(/) Shares Outstanding | 133.5 | 844.8 | 49,446.9 | 1,320.4 | 997,488.7 | 241.5 | |
Implied Stock Price | 97.23 | 3.63 | 0.00 | 4.64 | 0.00 | 143.18 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.81 | 0.01 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 97.23 | 2.00 | 0.01 | 4.64 | 0.00 | 143.18 | |
Trading Currency | ZAR | EUR | ARS | AUD | USD | ZAR | |
FX Rate to Reporting Currency | 1.00 | 1.81 | 0.01 | 1.00 | 1.00 | 1.00 |