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JSE – ADV Profile’s Stock Exchange Handbook: 2024 – Issue 3
TELEPHONE: 011-676-8000
ADvTECH Ltd. COMPANY SECRETARY: Chantell Crouse
ADV TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
ISIN: ZAE000031035 SPONSOR: Bridge Capital Advisors (Pty) Ltd.
SHORT: ADVTECH AUDITORS: Ernst & Young Inc.
CODE: ADH
REG NO: 1990/001119/06 BANKERS: Absa Bank Ltd.
FOUNDED: 1978 SEGMENTAL REPORTING as at 31 Dec 23 (asa%of Revenue)
LISTED: 1987 Schools 41.00%
Tertiary 38.00%
Resourcing 21.00%
NATURE OF BUSINESS:
Founded in 1978, the ADvTECH group is Africa’s leading CALENDAR Expected Status
private education provider and a continental leader in quality Next Interim Results 26 Aug 2024 Confirmed
education,training,skillsdevelopmentandplacementservices. Next Final Results Mar 2025 Unconfirmed
The group reports its performancein a segmentalstructure re- Annual General Meeting Jun 2025 Unconfirmed
flecting the schools (split in South Africa and rest of Africa)
ISSUED
and tertiary as two separate education divisions (schools and CAPITAL STRUCTURE AUTHORISED 554 750 973
Ords no par value
ADH
1 000 000 000
tertiary divisions), and resourcing (split in South Africa and
rest of Africa) as the third division. DISTRIBUTIONS [ZARc]
Ords no par value Ldt Pay Amt
SECTOR: ConsDiscr—ConsProducts&Servcs—ConsServcs—EducationServcs Final No 27 16 Apr 24 22 Apr 24 57.00
MAJOR ORDINARY SHAREHOLDERS as at 04 Jun 2024 Interim No 26 12 Sep 23 18 Sep 23 30.00
Coronation Fund Managers 27.18% Final No 25 18 Apr 23 24 Apr 23 37.00
Public Investment Corporation 17.21% Interim No 24 13 Sep 22 19 Sep 22 23.00
Value Capital Partners (Pty) Ltd. 9.62%
LIQUIDITY: Jun24 Avg 2m shares p.w., R51.0m(19.8% p.a.)
FINANCIAL STATISTICS
(Amts in ZAR’000) Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 40 Week MA ADVTECH
Final Final Final Final Final
Turnover 7 859 900 6 960 600 5 917 200 5 499 200 5 108 000 2895
Op Inc 1 577 100 1 332 500 1 108 300 908 100 869 100 2434
NetIntPd(Rcvd) 189 700 172 600 161 400 204 800 221 800
Tax 390 400 332 300 279 700 209 000 192 500 1973
Minority Int 47 200 36 500 14 500 4 400 - 1 100
Att Inc 951 000 805 400 664 900 461 100 469 400 1513
TotCompIncLoss 941 100 830 800 709 500 450 400 449 800
1052
Hline Erngs-CO 950 100 794 100 656 500 494 100 463 700
Fixed Ass 6 026 900 5 638 200 5 146 200 4 961 400 4 884 000 591
2019 | 2020 | 2021 | 2022 | 2023 |
Inv in JV 11 400 9 200 7 900 8 000 7 600
Def Tax Asset 39 500 45 300 53 800 53 900 40 500
Tot Curr Ass 930 400 850 300 629 500 559 900 670 700
Ord SH Int 5 449 700 4 905 600 4 377 300 3 838 700 3 400 400
Minority Int 48 600 45 600 31 800 29 100 19 900
LT Liab 1 714 200 1 542 900 1 392 300 1 830 000 2 414 500
Tot Curr Liab 2 257 500 2 433 500 2 265 600 1 942 900 1 809 200
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 174.40 148.70 123.10 85.50 87.10
HEPS-C (ZARc) 174.20 146.50 121.60 91.60 86.00
Pct chng p.a. 18.9 20.5 32.8 6.5 20.4
Tr 5yr av grwth % 19.8 16.8 12.1 13.4 17.4
DPS (ZARc) 87.00 60.00 50.00 20.00 15.00
Pct chng p.a. 45.0 20.0 150.0 33.3 - 50.0
Tr 5yr av grwth % 39.7 28.3 25.2 - 2.7 - 6.7
NAV PS (ZARc) 991.00 892.90 795.10 700.90 623.20
3 Yr Beta 0.35 0.99 1.16 1.08 0.04
Price High 2 595 1 985 1 978 1 115 1 546
Price Low 1 604 1 435 900 576 956
Price Prd End 2 454 1 818 1 758 950 1 080
RATIOS
Ret on SH Fnd 18.15 17.16 15.19 12.04 13.69
Ret On Tot Ass 17.56 15.83 14.68 11.67 10.81
Oper Pft Mgn 20.07 19.14 18.73 16.51 17.01
D:E 0.49 0.54 0.59 0.74 0.98
Int Cover 8.32 7.80 6.94 4.29 3.98
Current Ratio 0.41 0.35 0.28 0.29 0.37
Div Cover 2.00 2.48 2.46 4.28 5.81
NUMBER OF EMPLOYEES: 8 819
DIRECTORS: Whyte G D (CEO),
Watson Prof A (Chair, ind ne),
Oesch J D R (CFO), Chimhanzi Dr J S (ind ne),
Lazar S S (ind ne), NkosiMM(ne), Smith D (alt),
Thomson C B (ind ne), van Graan S W (ind ne),
Warburton K D M (ld ind ne)
POPULAR BRAND NAMES: Abbotts College,
Africa HR Solutions, CA Global, Capsicum
Culinary Studio, Communicate Recruitment, Scan the QR code to
Crawford International, Evolve Online School, visit our website
Gaborone International School, IIE MSA, Junior
Colleges, Makini Schools, Network Recruitment, Oxbridge Academy,
Pinnacle Colleges, Rosebank College, The Bridge Assisted Learning
School, The IIE School of Hospitality & Service Management, The
Independent Institute of Education, The Working Earth, Trinityhouse,
Varsity College, Vega
POSTAL ADDRESS: PO Box 2369, Randburg, 2125
EMAIL: investorrelations@advtech.co.za
WEBSITE: www.advtech.co.za
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