Page 96 - shbh24_complete

JSE – CAS Profile’s Stock Exchange Handbook: 2024 – Issue 3
EMAIL: mkeyter@kris.co.za
Cashbuild Ltd. WEBSITE: www.cashbuild.co.za
CAS TELEPHONE: 011-248-1500 FAX: 086-666-3291
COMPANY SECRETARY: Takalani Nengovhela
TRANSFER SECRETARY: JSE Investor Services
(Pty) Ltd.
SPONSORS: Nedbank Corporate and Investment
Banking, a division of Nedbank Ltd.
AUDITORS: Deloitte & Touche
Scan the QR code to BANKERS: First National Bank, Nedbank Ltd.,
visit our website Standard Bank of SA Ltd.
ISIN: ZAE000028320 SHORT: CASHBIL CODE: CSB
REG NO: 1986/001503/06 FOUNDED: 1978 LISTED: 1986
CALENDAR Expected Status
NATURE OF BUSINESS: Next Final Results Sep 2024 Unconfirmed
Cashbuild is southern Africa’s largest retailer of quality building Annual General Meeting Nov 2024 Unconfirmed
materialsand associated products, sellingdirecttoacash-paying Next Interim Results Mar 2025 Unconfirmed
customer base through our chain of stores (321 at the end of 24 CAPITAL STRUCTURE AUTHORISED ISSUED
December 2023, which includes 53 P&L Hardware stores). CSB Ords 1c ea 35 000 000 23 900 647
Cashbuild carries an in-depth quality product range tailored to DISTRIBUTIONS [ZARc]
the specific needs of the communities we serve. Our customers Ords 1c ea Ldt Pay Amt
aretypicallyhome-buildersandimprovers, contractors, farmers, Interim No 62 18 Mar 24 25 Mar 24 325.00
traders, as well as all other customers requiring quality building Final No 61 19 Sep 23 26 Sep 23 332.00
materials at the best value. Interim No 60 20 Mar 23 27 Mar 23 400.00
Cashbuild has built its credibility and reputation by consis- Final No 59 20 Sep 22 26 Sep 22 677.00
tently offering its customers quality building materials at the LIQUIDITY: Jun24 Avg 90 643 shares p.w., R14.4m(19.7% p.a.)
best value and through a purchasing and inventory policy that GERE 40 Week MA CASHBIL
ensures customers’ requirements are always met.
33432
SECTOR: ConsDiscr—Retail—Retailers—HomeImprovementRetailers
29090
MAJOR ORDINARY SHAREHOLDERS as at 31 May 2024
Public Investment Corporation (SOC) Ltd. 13.60% 24748
Allan Gray (Pty) Ltd. 10.89%
Cashbuild Empowerment Trust 7.38%
20405
FINANCIAL STATISTICS
(R million) Dec 23 Jun 23 Jun 22 Jun 21 Jun 20 16063
Interim Final Final Final Final
Turnover 5 789 10 653 11 145 12 616 10 091 11721
2019 | 2020 | 2021 | 2022 | 2023 |
Op Inc 50 233 876 1 039 520
NetIntPd(Rcvd) 24 55 89 71 126 Recent Announcements
Tax 22 63 308 298 121 Monday, 29 April 2024: Shareholders were advised that following a
Minority Int - 2 9 5 5 5 comprehensive selection process, comprising both internal and
Att Inc 6 106 474 665 267
TotCompIncLoss - 13 119 454 653 299 external candidates, Hanré Bester has been appointed as the
Hline Erngs-CO 119 271 436 650 259 Chief Financial Officer and executive director of the Company
Fixed Ass 2 329 2 384 2 443 2 464 2 395 with effect from 1 July 2024.
Inv in Assoc 30 30 30 30 - Monday, 22 April 2024: Cashbuild provided its voluntary quarterly
Inv & Loans 40 40 40 43 58 operational update for the third quarter of the 2024 financial
Def Tax Asset 149 134 80 130 99 year (“third quarter”).
Tot Curr Ass 3 788 3 393 3 617 4 241 3 371 Revenue for the third quarter for the Group was up 3% on the
Ord SH Int 1 854 1 928 2 337 2 552 2 117 third quarter of the prior financial year (“the comparative
Minority Int 17 27 28 36 38
LT Liab 1 292 1 405 1 444 1 518 1 468 period”). For the 312 existing stores (in existence prior to July
Tot Curr Liab 3 315 2 912 2 827 3 226 2 723 2022), revenue increased by 2% and the 9 new stores,
contributed 1% growth. This, combined with the results
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 14.00 456.90 2 094.70 2 935.70 1 176.70 reported inthe first half(“halfyear”)equatestoa3% increasein
HEPS-C (ZARc) 551.80 1 221.50 1 929.40 2 872.60 1 138.50 revenue year to date.
Pct chng p.a. - 9.7 - 36.7 - 32.8 152.3 - 40.4 Transactions through the tills during the third quarter for the
Tr 5yr av grwth % 6.5 8.9 14.5 22.7 - 2.8 Group increased by 1% to that of the comparative period, with
DPS (ZARc) 325.00 732.00 1 264.00 2 935.00 707.00 existing stores remaining at similar levels and new stores
Pct chng p.a. -11.2 - 42.1 - 56.9 315.1 - 17.3 contributing 1% growth.
Tr 5yr av grwth % 37.5 40.1 46.6 56.6 1.7 Selling inflation was 2.4% at the end of March 2024 when
NAV PS (ZARc) 7 757.00 8 068.00 9 350.00 10 211.60 8 470.00 compared to March 2023.
3 Yr Beta 0.63 0.82 1.23 1.21 0.88 Cashbuild interim results December 2023 - Wednesday, 28 February
Price High 19 000 28 500 30 550 34 599 29 533 2024: Revenue for the interim period increased to R5.8 billion
Price Low 13 500 15 150 22 737 13 501 14 001 (2022: R5.6 billion). Gross profit came to R1.4 billion (2022:
Price Prd End 16 967 16 300 25 744 27 700 14 258
R1.4 billion) whilst operating profit dropped to R49.7 million
RATIOS (2022: R262.2 million). Profit for the period attributable to
Ret on SH Fnd 0.42 5.88 20.25 25.89 12.65 owners of the parent decreased to R5.7 million (2022: R150
Ret On Tot Ass 0.79 2.97 11.86 9.14 4.30 million). Furthermore, headline earnings per share lowered to
Oper Pft Mgn 0.86 2.19 7.86 8.23 5.16 551.8 cents per share (2022: 693.5 cents per share).
D:E 0.69 0.72 0.18 0.18 0.19
Declaration of dividend
Int Cover 2.05 4.23 5.42 6.39 2.72
Current Ratio 1.14 1.17 1.28 1.31 1.24 The boardhas declared aninterim dividend (no.62)of325cents
Div Cover 0.04 0.62 1.66 1.00 1.66 (December 2022: 400 cents) per ordinary share, out of income
reserves, excluding the impact of the impairment of the P&L
NUMBER OF EMPLOYEES: 5 752
DIRECTORS: Bester H (CFO)(effective 1 July 2024), Hardware Goodwill and P&L Trademark, to all shareholders of
KnockAGW (Chair, ind ne), de Jager W F (CE), Bosman M (ind ne), Cashbuild Ltd.
Bosman M (Ms)(ind ne), Lushaba DrDSS(ind ne), Company prospects
MokgwatsaneAJ(ind ne), Prowse A E (FD) (retired, effective 30 June Group revenue for the six weeks subsequent to period end is at
2024), Tapon NjamoGM(ind ne), Thoresson S A, van Aswegen W P
POPULAR BRAND NAMES: Cashbuild, Champion Cement, Champion similar levels to prior year’s comparative six week period.
Paint, P&L Hardware Managementexpectstradingconditionstoremainchallenging.
POSTAL ADDRESS: PO Box 90115, Bertsham, 2013
94