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Profile’s Stock Exchange Handbook: 2024 – Issue 3 JSE – SPA
Price High 12 235 16 651 20 323 21 347 21 622
The SPAR Group Ltd. Price Low 8 558 8 945 12 909 17 111 14 225
Price Prd End 8 844 11 628 14 336 19 642 18 965
SPA
RATIOS
Ret on SH Fnd 1.11 4.33 22.18 26.36 24.79
Ret On Tot Ass 4.30 3.45 6.16 6.68 6.50
Oper Pft Mgn 2.04 1.72 2.53 2.65 2.77
D:E 2.49 2.49 2.44 2.80 2.70
Int Cover 3.67 3.75 8.88 9.34 7.83
ISIN: ZAE000058517 SHORT: SPAR CODE: SPP Current Ratio 0.90 0.94 0.99 1.02 0.97
REG NO: 1967/001572/06 FOUNDED: 1967 LISTED: 2004 Div Cover - - 2.80 1.44 1.25
NUMBER OF EMPLOYEES: 10 281
NATURE OF BUSINESS: DIRECTORS: Botha E C (ind ne),
SPAR is a warehousing and wholesale distribution business, Bosman M J (Chair, ind ne),
supplying goods and services to independently owned Swartz A P (Group CEO),
Godfrey M W (Group CFO), Pydigadu M L (COO),
retailers, trading predominantly under the SPAR retail brand. Zinn S A (Dep Chair, ind ne),
Part of a global organisation, The SPAR Group Ltd is the only da Silva P M P (ind ne), Ighodaro O (ind ne),
SPAR listed entity and is the registered licensee of the SPAR Jamieson M J (ind ne), Koyana L M (ind ne),
brand in parts of Southern Africa including South Africa, as NaranST(ind ne), Makhaya G B (ind ne)
wellasSwitzerland,IrelandandPoland.The natureoftherela- Scan the QR code to POPULAR BRAND NAMES: S Buys Pharmacy,
visit our website SPAR, SUPERSPAR, KWIKSPAR, SPAR Express,
tionship between the company and independently owned TOPS at SPAR, Pharmacy at SPAR, TopCC,
stores is one of joint co-operation for the benefit of the SaveMor, Build it, Spar Encore, MACE, XL, Value Centre, Londis, Maxi
members of this association. SPAR’s primary revenue stream POSTAL ADDRESS: PO Box 1589, Pinetown, 3600
is derived from the provision of goods and services to its EMAIL: shana.ashokumar@spar.co.za
WEBSITE: thespargroup.com
member stores. The financial performance of independent TELEPHONE: 031-719-1900
retailers does not form part of the company’s financial results. COMPANY SECRETARY: Shana Ashokumar
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
supporting their local communities. AUDITORS: PwC Inc.
In South Africa, SPAR’s brands include SUPERSPAR, SPAR, BANKERS: Rand Merchant Bank Ltd.
KWIKSPAR, SPAR Express (groceries), TOPS at SPAR CALENDAR Expected Status
(liquor), SaveMor, Build it (building materials), Pharmacy at Next Final Results Nov/Dec 2024 Unconfirmed
SPAR and SPAR Encore (private label procurement). In Ireland Annual General Meeting Feb 2025 Unconfirmed
(and South West England) its brands include SPAR, Eurospar, Next Interim Results Jun 2025 Unconfirmed
MACE, XL, Londis and VALUE CENTRE. In Switzerland, its
brands include SPAR, SPAR Express, MAXI and TopCC. In CAPITAL STRUCTURE AUTHORISED ISSUED
Poland, the brands include SPAR, SPAR Express and TOPS at SPP Ords of 0.06c ea 250 000 000 192 602 355
SPAR. The group has a joint venture operation in Sri Lanka. DISTRIBUTIONS [ZARc]
SPAR is part of the SPAR international organisation (with Ords of 0.06c ea Ldt Pay Amt
presence in 48 countries), the world’s leading voluntary food Final No 36 6 Dec 22 12 Dec 22 225.00
Interim No 35 28 Jun 22 4 Jul 22 175.00
retail chain and the biggest independent supermarket retail Final No 34 7 Dec 21 13 Dec 21 536.00
network in the world. This global brand, prides itself on sup- Interim No 33 8 Jun 21 14 Jun 21 280.00
porting independent retailers, working in partnership to LIQUIDITY: Jun24 Avg 4m shares p.w., R402.5m(103.6% p.a.)
provide a high quality, value for money shopping experience
FOOR 40 Week MA SPAR
for the communities it serves.
27107
SECTOR: CnsStp—PcDrugs&Groceries—PcDrugs&Groceries—Food
MAJOR ORDINARY SHAREHOLDERS as at 11 Jun 2024 23418
Public Investment Corporation (SOC) Ltd. 21.72%
Coronation Asset Management (Pty) Ltd. 10.17% 19728
Allan Gray 8.30%
16038
FINANCIAL STATISTICS
(R million) Mar 24 Sep 23 Sep 22 Sep 21 Sep 20
Interim Final Final Final Final 12349
Turnover 77 161 146 461 135 609 127 941 124 277 8659
Op Inc 1 572 2 517 3 429 3 393 3 443 2019 | 2020 | 2021 | 2022 | 2023 |
NetIntPd(Rcvd) 429 668 385 362 404 Recent Announcements
Tax 276 465 822 809 740
Minority Int - 41 68 - 57 - 119 Wednesday, 12 June 2024: SPAR shareholders (“Shareholders”)
Att Inc 57 401 2 152 2 266 2 075 were advised that Mr Mark Godfrey has decided to retire from
TotCompIncLoss 42 1 028 3 069 2 444 2 433 his position as the Group Chief Financial Officer and as an
Hline Erngs-CO 896 1 589 2 233 2 304 2 184 Executive Director of the board of directors of SPAR (“Board”),
Fixed Ass 10 164 10 378 8 997 8 193 8 725 with effect from 31 December 2024.
Inv in Assoc 154 150 131 95 103
Inv & Loans 683 826 777 700 795
Def Tax Asset 194 219 254 228 223
Tot Curr Ass 27 783 28 208 25 963 23 618 24 324
Ord SH Int 10 240 10 215 9 782 8 202 7 960
Minority Int - 7 227 178 - 70
LT Liab 19 053 21 396 20 792 20 571 19 694
Tot Curr Liab 31 020 29 978 26 317 23 117 25 155
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 29.50 208.60 1 118.20 1 176.30 1 078.70
HEPS-C (ZARc) 465.00 826.00 1 160.50 1 196.20 1 135.30
Pct chng p.a. 12.6 - 28.8 - 3.0 5.4 0.5
Tr 5yr av grwth % - - 1.8 4.2 3.5 6.9
DPS (ZARc) - - 400.00 816.00 865.00
Pct chng p.a. - - 100.0 - 51.0 - 5.7 8.1
Tr 5yr av grwth % - - 27.8 - 6.2 4.3 6.5
NAV PS (ZARc) 5 317.10 5 313.20 5 201.00 4 350.50 4 102.20
3 Yr Beta 0.41 0.49 0.10 0.08 0.07
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