Page 177 - Profile's Stock Exchange Handbook - 2025 Issue 3

Profile’s Stock Exchange Handbook: 2025 - Issue 3 JSE - REM

REMGRO FORECAST DATA REMGRO ANALYSIS DATA
Market Cap at 16 Jun 2025: 81 150m VALUATION DATA
Shares in issue: 529 217 007 Dec 24 Jun 24 Jun 23 Jun 22 Jun 21
Final Final Final Final Final
REM Price(c) at 16 Jun 2025: 15 334 MrktCap (Rm) 88 139 77 336 82 146 71 817 63 823
REM Hi/Lo Price(c) (24 Mnths): 1 6248/ 11 681 Pct chng 14.0 - 5.9 14.4 12.5 14.7
REM P/E at 16 Jun 2025: 12.74 P/E at prd end 15.24 12.11 14.82 15.19 353.70
Hi/Lo REM P/E (18 Mnths): 16.26/ 10.39 Tr 5 yr avg 82.21 81.25 81.42 81.38 81.64
Hi/Lo Index P/E (18 Mnths): 13.64/ 7.89 Index prd end P/E 8.65 11.65 15.26 9.90 8.99
REM Volatility (36 Mnths): 3.70 Tr 5 yr avg 10.89 4.22 5.79 8.19 19.34
CONSENSUS HEPS DPS (ZARc)
VIEW 1200 NAV (ZAR/cps)
22000
1000 20000
18000
BUY 800 16000
14000
HOLD
BUY
SELL
600 12000
10000
EARNINGS FORECASTS Jun 25 F Jun 26 F Jun 27 F 400 8000
HEPS HEPS HEPS 200 6000
4000
Number of contributors 6 6 5 0 2000
Jun 20 Jun 21 Jun 22 Jun 23 Jun 24 0
High estimate 1 454.0 1 755.0 1 735.0 Jun 20 Jun 21 Jun 22 Jun 23 Jun 24
Low estimate 1 235.5 1 304.3 1 378.3 MORE RATIOS AND STATS (Finals only)
Standard deviation 69.7 137.1 132.2 Jun 24 Jun 23 Jun 22 Jun 21 Jun 20
Final Final Final Final Final
Profile Media Consensus 1 360.1 1 502.2 1 601.1 11
Pct change prev year 33.6% 10.4% 6.6% Sales/Share(c) 9 089.88 8 556.45 7 419.33 646.86 9 687.74
Prospective P/E 11.3 10.2 9.6 Pct chng 6.2 15.3 - 36.3 20.2 - 3.8
Fwd price: hi REM P/E, hi est 23 103 27 885 27 567 Tr 5 yr avg 9 280.05 9 476.43 8 863.11 8 376.68 7 103.18
Fwd price: hi REM P/E, lo est 19 630 20 725 21 899 Price/Sales ps 1.50 1.72 1.72 0.96 1.01
Fwd price: lo REM P/E, hi est 15 111 18 239 18 032 Price/NAV 0.67 0.71 0.73 0.74 0.65
Fwd price: lo REM P/E, lo est 12 840 13 556 14 324 Price/CashFlow 24.67 58.47 10.14 11.93 30.01
DIVIDEND FORECASTS Jun 25 F Jun 26 F Jun 27 F Tr 3 yr avg TotRet 8.44 15.60 0.08 - 6.05 - 11.08
DPS DPS DPS Tr 5 yr avg TotRet 2.02 2.08 - 1.48 - 6.99 - 9.43
Number of contributors 3 3 2 Volatility 6.6 6.4 7.2 7.0 6.8
High estimate 308.9 336.0 344.6
Low estimate 155.2 162.9 172.6 Risk / Return Profile PEG Inverse 1.64
140 30
Standard deviation 67.3 79.4 86.0
Profile Media Consensus 249.4 275.0 258.6
Pct change prev year - 5.5% 10.3% - 6.0% 3Yr Compound Return 30 5 Yr Average HEPS Growth
Prospective DY 1.6 1.8 1.7
Historical PE Range -80 0
600 0 75 150 0 30
Volatility P/E
400
HISTORICAL SHARE PRICE PERFORMANCE DATA
200 Annualised returns with divs reinvested to 16 Jun 2025
Avg High
Average 67.49 Grwth in Annualised
Avg Low
0 p.a. Return R1000 Inflation Volatility
2021 2022 2023 2024 2025
1 Yr 18.28% 1 183 2.79% 5.1
REM Hi PE, Hi Est Hi PE, Lo Est Lo PE, Hi Est Lo PE, Lo Est P/E
500 30000 2 Yr 4.57% 1 093 3.99% 6.8
3 Yr 6.95% 1 223 4.75% 6.8
400 25000
5 Yr 9.28% 1 559 5.20% 6.4
300 20000
7 Yr 2.74% 1 208 4.64% 7.0%
200 15000 10 Yrs 0.68% 1 070 4.85% 6.4
100 10000
TRI REM
80
0 5000
Jan 2021 Jan 2022 Jan 2023 Jan 2024 Jan 2025 Jan 2026 Jan 2027
60
Forecast HEPS Growth Forecast DPS Growth 40
1800 300
1600
250 10.3% 20
1400 10.4% 6.6% -5.5% -6.0%

1200 33.6% 200 0
1000
150 -20
800
600 100 -40 Jan 2021 Jan 2022 Jan 2023 Jan 2024 Jan 2025
400
50
200
0 0
2024 2025 2026 2027 2024 2025 2026 2027
Actual Actual
175