Page 141 - Profile's Stock Exchange Handbook - 2025 Issue 1

Profile’s Stock Exchange Handbook: 2025 – Issue 1 JSE – LEW
EMAIL: graeme@tierlir.co.za
Lewis Group Ltd. WEBSITE: www.lewisgroup.co.za
LEW TELEPHONE: 021-460-4400
ISIN: ZAE000058236 COMPANY SECRETARY: Marisha Gibbons
SHORT: LEWIS TRANSFER SECRETARY: Computershare Investor
CODE: LEW Services (Pty) Ltd.
REG NO: 2004/009817/06
FOUNDED: 1934 SPONSOR: Standard Bank of SA Ltd.
LISTED: 2004 AUDITORS: EY Inc.
BANKERS: Absa Bank Ltd., First National Bank of
Scan the QR code to Africa Ltd., Investec Bank Ltd., Nedbank Ltd.,
NATURE OF BUSINESS: visit our website Standard Bank Ltd.
Lewis Group is a leading credit
retailer of household furniture, CALENDAR Expected Status
electricalappliancesand homeelectronicsand hasbeenlisted on Next Final Results May 2025 Unconfirmed
the JSE Ltd. since 2004 where it is classified under the General Annual General Meeting Oct 2025 Unconfirmed
Retailers sector. The group has a branch network of 897 stores
Next Interim Results Nov 2025 Unconfirmed
which includes stores across all major metropolitanareas as well
as a strong presence in rural South Africa, with 138 stores in the CAPITAL STRUCTURE AUTHORISED ISSUED
neighbouring countries of Botswana, Eswatini, Lesotho and LEW Ords 1c ea 150 000 000 52 159 288
Namibia. DISTRIBUTIONS [ZARc]
The group operates the following primary brands: Ords 1c ea Ldt Pay Amt
-Lewis,thecountry’slargestfurniturechainandoneofthemost Interim No 41 21 Jan 25 27 Jan 25 300.00
recognisable brands in furniture retailing, focused primarily on Final No 40 23 Jul 24 29 Jul 24 300.00
the growing middle to lower income market in the living Interim No 39 16 Jan 24 22 Jan 24 200.00
18 Jul 23
24 Jul 23
Final No 38
218.00
standards measurement (“LSM”) 4 to 7 categories.
- Best Home and Electric, selling appliances as well as furniture LIQUIDITY: Dec24 Avg 261 244 shares p.w., R14.3m(26.0% p.a.)
ranges in the LSM 4 to 7 category. GERE 40 Week MA LEWIS
- Beares, a long established brand focussing on the middle 7902
income market in the LSM 7 to 9 category.
6570
- UFO, acash furniture retailer, with avalue offeringinthe upper
income spectrum being LSM 9 +. 5237
The group also operates a number of small bedding chains.
3905
Monarch Insurance, the group’s financial services subsidiary,
provides optional micro insurance products to customers pur- 2572
chasing merchandise on credit.
1240
2019 | 2020 | 2021 | 2022 | 2023 | 2024
SECTOR: ConsDiscr—Retail—Retailers—HomeImprovementRetailers
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2024 Recent Announcements
Coronation Fund Managers (SA) 13.80%
Peresec Prime Brokers (SA) 8.63% Lewis interim results September 2024 - Thursday, 21 November 2024:
FINANCIAL STATISTICS Lewis Group delivered a strong trading and financial performance
(R million) Sep 24 Mar 24 Mar 23 Mar 22 Mar 21 for the first six months of the 2025 financial year with continued
Interim Final Final(rst) Final Final strong credit sales growth, expanding margins, improved quality of
Turnover 4 354 8 184 7 456 7 256 6 726 the debtors portfolio and a substantial growth in profit
Op Inc 477 690 609 668 696 The strong credit sales growth trend continued, with credit sales
NetIntPd(Rcvd) 88 138 98 24 88
Tax 76 154 156 191 172 increasing by 16.9% and cash sales declining by 6.7%. Total
Att Inc 283 436 411 483 433 revenue,comprisingmerchandisesalesandotherrevenue(effective
TotCompIncLoss 302 425 422 486 422 interest income, insurance and ancillary services), increased by
Hline Erngs-CO 289 500 510 561 463 13.6% to R4.4 billion (H1 2024: R3.8 billion)
Fixed Ass 459 442 426 396 386 The quality of the group’s debtors book continued to improve with
Right of Use Assets 792 794 760 747 635 thelevelofsatisfactorypayingcustomersincreasingtoarecordlevel
Inv & Loans 168 243 257 266 254
Goodwill&IntangibleAssets 115 110 175 258 296 of 81.6% (H1 2024: 79.9%) and collection rates at the half year at
Def Tax Asset 97 64 50 83 112 79.5% (H1 2024: 80.9%).
Retirement&BenefitAss 109 109 107 110 105 Operating profit increased by 54.1% to R477 million and the
Tot Curr Ass 6 677 5 771 5 270 5 047 5 035 operating margin improved by 600 basis points from 14.2% to
Ord SH Int 4 752 4 703 4 693 4 717 4 873 20.2%. Headline earnings increased by 41.6% to R288.8 million.
LT Liab 1 182 1 188 821 805 656 Earnings per share increased 53.0% to 544 cents, headline earnings
Tot Curr Liab 2 484 1 643 1 531 1 385 1 295
per share (HEPS) by 49.1% to 555 cents, reflecting the positive
PER SHARE STATISTICS (cents per share) leverage effect of thegroup’s sharerepurchaseprogramme.
EPS (ZARc) 543.70 806.30 695.60 730.70 576.40 The directors have shown confidence in the Group’s growth
HEPS-C (ZARc) 554.80 924.60 863.50 848.70 616.50
DPS (ZARc) 300.00 500.00 413.00 413.00 328.00 prospects by increasing the interim dividend by 50.0% to 300 cents
NAV PS (ZARc) 9 212.00 8 891.00 8 220.00 7 527.00 6 814.00 per share.
3 Yr Beta 0.50 0.39 0.45 0.79 0.86 Company outlook
Price High 7 689 4 499 5 487 5 400 3 211 Consumer confidence has been buoyed by lower inflation, interest
Price Low 4 260 3 500 3 751 2 835 1 201 raterelief,lowerfuelandtransportcostsaswellasthesuspensionof
Price Prd End 7 280 4 350 4 100 4 700 3 071 load shedding. However, the group expects that the recovery in
RATIOS discretionary spending will be slow and consumers will remain
Ret on SH Fnd 5.96 9.28 8.76 10.24 8.88
Ret On Tot Ass 12.50 10.00 9.20 10.40 10.50 under pressure in the short to medium-term.
Oper Pft Mgn 10.94 8.43 8.17 9.20 10.34
D:E 0.50 0.34 0.25 0.15 0.07
Current Ratio 2.69 3.51 3.44 3.64 3.89
Div Cover 1.81 1.61 1.68 1.77 1.76
NUMBER OF EMPLOYEES: 10 247
DIRECTORS: Abrahams Prof F (ind ne), Bodasing A (ind ne),
Deegan B (ind ne), MotsepeDR(ind ne), NjikizanaTH(ind ne),
Saven H (Chair, ind ne), Enslin J (CEO), Bestbier J (CFO)
POPULAR BRAND NAMES: Lewis, Best Home and Electric, Beares,
Bedzone, Real Beds, UFO Furniture, Monarch Insurance
POSTAL ADDRESS: PO Box 43, Woodstock, Cape Town, 7915
139