Financials Mr Price Group Limited

Equities

MRP

ZAE000200457

Apparel & Accessories Retailers

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
169 ZAR +4.64% Intraday chart for Mr Price Group Limited +7.83% +7.75%

Valuation

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 50,744 28,759 50,982 55,819 37,090 43,458 - -
Enterprise Value (EV) 1 47,469 25,060 51,973 51,207 37,090 50,247 50,222 48,365
P/E ratio 17.4 x 10.8 x 19.7 x 17 x 12.2 x 13.3 x 11.9 x 10.8 x
Yield 3.75% 2.81% 3.4% 3.74% - 4.76% 5.35% 5.96%
Capitalization / Revenue 2.43 x 1.25 x 2.35 x 2.09 x 1.15 x 1.17 x 1.1 x 1.03 x
EV / Revenue 2.27 x 1.09 x 2.4 x 1.92 x 1.15 x 1.36 x 1.27 x 1.14 x
EV / EBITDA 11 x 4.47 x 9.34 x 7.45 x 5.12 x 6.12 x 5.68 x 5.17 x
EV / FCF 18.6 x 4.87 x 11.6 x 12.1 x - 11.6 x 12.7 x 10.8 x
FCF Yield 5.37% 20.5% 8.6% 8.25% - 8.62% 7.88% 9.29%
Price to Book 5.85 x 3.05 x 4.73 x 4.62 x - 2.91 x 2.63 x 2.38 x
Nbr of stocks (in thousands) 258,515 259,276 257,511 258,435 257,214 257,192 - -
Reference price 2 196.3 110.9 198.0 216.0 144.2 169.0 169.0 169.0
Announcement Date 5/31/19 6/25/20 5/27/21 6/10/22 7/14/23 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 20,877 23,030 21,690 26,683 32,266 37,024 39,556 42,381
EBITDA 1 4,300 5,609 5,562 6,878 7,244 8,212 8,842 9,359
EBIT 1 3,938 3,966 3,864 4,946 4,920 5,420 5,957 6,497
Operating Margin 18.86% 17.22% 17.81% 18.54% 15.25% 14.64% 15.06% 15.33%
Earnings before Tax (EBT) 1 4,158 3,766 3,661 4,623 4,403 4,753 5,370 5,971
Net income 1 2,982 2,704 2,648 3,347 3,115 3,531 4,391 4,636
Net margin 14.28% 11.74% 12.21% 12.54% 9.65% 9.54% 11.1% 10.94%
EPS 2 11.26 10.25 10.06 12.70 11.83 12.74 14.24 15.61
Free Cash Flow 1 2,551 5,146 4,471 4,227 - 4,332 3,956 4,496
FCF margin 12.22% 22.34% 20.61% 15.84% - 11.7% 10% 10.61%
FCF Conversion (EBITDA) 59.33% 91.75% 80.38% 61.46% - 52.75% 44.75% 48.03%
FCF Conversion (Net income) 85.55% 190.31% 168.84% 126.29% - 122.69% 90.1% 96.96%
Dividend per Share 2 7.362 3.114 6.728 8.077 - 8.043 9.042 10.08
Announcement Date 5/31/19 6/25/20 5/27/21 6/10/22 7/14/23 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: April 2020 S1 2020 S2 2021 S1 2021 S2 2023 S1
Net sales 10,661 12,234 8,620 13,070 -
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 1 - - - - 1,287
Net margin - - - - -
EPS 2 4.360 5.885 2.862 - 4.901
Dividend per Share - - - - -
Announcement Date 11/27/20 6/25/20 11/27/20 5/27/21 11/24/22
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 991 - - 6,789 6,764 4,908
Net Cash position 1 3,275 3,699 - 4,612 - - - -
Leverage (Debt/EBITDA) - - 0.1782 x - - 0.8267 x 0.765 x 0.5244 x
Free Cash Flow 1 2,551 5,146 4,471 4,227 - 4,332 3,956 4,496
ROE (net income / shareholders' equity) 37.5% 29.9% 27.3% 28.9% - 23.6% 24.1% 24.1%
ROA (Net income/ Total Assets) 28.5% 19% 14.9% 15.5% - 11% 11.8% 11.6%
Assets 1 10,477 14,250 17,725 21,546 - 31,958 37,070 39,887
Book Value Per Share 2 33.50 36.30 41.90 46.80 - 58.20 64.20 71.10
Cash Flow per Share 2 11.00 21.80 18.40 18.60 - 29.90 17.40 18.90
Capex 1 306 515 296 580 - 1,078 962 1,049
Capex / Sales 1.47% 2.24% 1.36% 2.17% - 2.91% 2.43% 2.47%
Announcement Date 5/31/19 6/25/20 5/27/21 6/10/22 7/14/23 - - -
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
169 ZAR
Average target price
192.2 ZAR
Spread / Average Target
+13.73%
Consensus
  1. Stock Market
  2. Equities
  3. MRP Stock
  4. Financials Mr Price Group Limited