Page 70 - Profile's Stock Exchange Handbook - 2025 Issue 3

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

Adcock Ingram Holdings Ltd. Adcorp Holdings Ltd.

ISIN: ZAE000123436 SHORT: ADCOCK CODE: AIP ISIN: ZAE000000139 SHORT: ADCORP CODE: ADR
REG NO: 2007/016236/06 FOUNDED: 1890 LISTED: 2008 REG NO: 1974/001804/06 FOUNDED: 1968 LISTED: 1987
NATURE OF BUSINESS: Adcock Ingram is a leading South African NATURE OF BUSINESS: The Adcorp Group is a workforce solutions
pharmaceutical manufacturer, listed on the Johannesburg Stock provider that seeks to connect and develop human potential to
Exchange. The Group manufactures, markets, and distributes a shape markets, economies and our shared future. Adcorp and
wide range of consumer and healthcare products and is a leading its constituent brands are represented within South Africa and
supplier to the private and public sectors of the market. Australia, employing in excess of 1 900 permanent staff, assigning
SECTOR: HlthCare--HtlhCare--Pharmaceutic&Biotech--Pharmaceuticals more than 48 000 contingent staff daily and training multiple
NUMBER OF EMPLOYEES: 2 436 learners through a vast spectrum of disciplines.
DIRECTORS: Letsoalo B (HR), Boyce L (ne), Gumbi Dr S (ind ne), SECTOR: Inds--IndsGoods&Services--IndsSupptServ--BusTrain&EmpAgency
Mabuza B A (ind ne), Manning Dr C E (ind ne), Ransby D (ind ne), NUMBER OF EMPLOYEES: 1 959
Sathekge Prof M (ind ne), Steyn M (ne), Madisa N T (Chair, ne), DIRECTORS: Lubega M (ind ne), Mnganga Dr P (ld ind ne),
Hall A G (CEO), Neethling D (CFO) Mokgabudi T (ind ne), Radley R (ind ne), Singh H (ind ne), Smith C (ne),
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2024 van Dijk R (ind ne), Serobe G T (Chair, ind ne), Wentzel Dr J P (CEO),
The Bidvest Group Ltd. 59.00% Prendergast N (CFO)
Government Employees Pension Fund 8.80% MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2025
POSTAL ADDRESS: Private Bag X69, Bryanston, 2021 H4 Collective Investments (RF) (Pty) Ltd. 11.38%
MORE INFO: www.sharedata.co.za/sdo/jse/AIP Allan Gray 8.92%
COMPANY SECRETARY: Mahlatse Phalafala PSG Asset Management (Pty) Ltd. 8.06%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. POSTAL ADDRESS: PO Box 70635, Bryanston, 2021
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.) MORE INFO: www.sharedata.co.za/sdo/jse/ADR
AUDITORS: PwC Inc. COMPANY SECRETARY: Charissa de Jager
CAPITAL STRUCTURE Authorised Issued TRANSFER SECRETARY: CTSE Registry Services (Pty) Ltd.
AIP Ords 10c ea 250 000 000 161 300 000 SPONSOR: Valeo Capital (Pty) Ltd.
AUDITORS: Deloitte & Touche Inc.
DISTRIBUTIONS [ZARc] CAPITAL STRUCTURE Authorised Issued
Ords 10c ea Ldt Pay Amt ADR Ords 2.5c ea 183 177 151 109 880 974
Interim No 26 11 Mar 25 17 Mar 25 115.00
Final No 25 17 Sep 24 23 Sep 24 150.00 DISTRIBUTIONS [ZARc]
LIQUIDITY: Jul25 Avg 467 365 shares p.w., R26.8m(15.1% p.a.) Ords 2.5c ea Ldt Pay Amt
Final No 43 12 Aug 25 18 Aug 25 50.02
ADCOCK 40 Week MA PHAR Interim No 42 14 Jan 25 20 Jan 25 13.40
9000
LIQUIDITY: Jul25 Avg 327 077 shares p.w., R1.6m(15.5% p.a.)
8000
ADCORP 40 Week MA SUPS
7000 1600
1400
6000
1200
5000
1000
4000 800
600
3000
2021 2022 2023 2024 2025 400
200
FINANCIAL STATISTICS 0
(R ’000) Dec 24 Jun 24 Jun 23 Jun 22 Jun 21 2021 2022 2023 2024 2025
Interim Final Final Final Final
Revenue 4 714 234 9 643 128 9 131 852 8 705 817 7 776 854 FINANCIAL STATISTICS
Op Inc 487 328 1 064 824 1 135 527 1 052 820 849 755 (R million) Feb 25 Feb 24 Feb 23 Feb 22 Feb 21
NetIntPd(Rcvd) 59 287 86 758 52 167 40 906 43 667 Final Final Final Final(rst) Final
Minority Int - - - 50 384 4 649 Turnover 13 237 12 982 12 049 11 318 11 717
Att Inc 389 706 814 009 898 410 800 345 657 463 Op Inc 172 129 164 201 118
TotCompIncLoss 398 772 742 701 1 003 232 830 043 511 829 NetIntPd(Rcvd) 34 39 45 64 91
Fixed Ass 1 443 622 1 448 624 1 475 795 1 472 548 1 495 159 Minority Int 2 2 2 3 3
Inv & Loans 16 530 17 514 20 476 21 770 26 092 Att Inc 139 86 39 116 38
Tot Curr Ass 5 120 498 4 885 785 4 614 417 4 344 990 3 737 706 TotCompIncLoss 73 52 142 114 102
Ord SH Int 5 544 012 5 412 820 5 387 938 5 244 894 4 682 348 Fixed Ass 20 25 31 37 48
Minority Int - 55 - 44 - 26 229 760 Inv & Loans - - 21 20 19
LT Liab 388 868 411 759 440 413 457 702 387 997 Tot Curr Ass 2 150 1 989 1 923 1 910 1 963
Tot Curr Liab 2 810 188 2 530 348 2 434 209 2 186 337 1 969 313 Ord SH Int 1 491 1 460 1 535 1 473 1 352
PER SHARE STATISTICS (cents per share) LT Liab 377 349 389 438 870
HEPS-C (ZARc) 265.50 616.60 561.30 502.00 404.70 Tot Curr Liab 1 401 1 314 1 238 1 290 1 273
DPS (ZARc) 115.00 275.00 250.00 213.00 170.00 PER SHARE STATISTICS (cents per share)
NAV PS (ZARc) 3 777.53 3 688.14 3 526.86 3 242.42 2 664.08 HEPS-C (ZARc) 135.40 83.80 147.80 99.70 0.80
3 Yr Beta 0.58 0.52 0.45 0.37 0.51 DPS (ZARc) 63.40 40.30 120.00 47.00 -
Price High 7 396 6 750 5 950 5 827 4 950 NAV PS (ZARc) 1 356.54 1 419.01 1 484.39 1 380.16 1 259.08
Price Low 5 502 5 051 4 411 4 065 3 765 3 Yr Beta - 0.38 - 0.24 0.24 0.60 0.24
Price Prd End 6 700 6 010 5 630 4 966 4 430 Price High 604 690 668 740 1 008
RATIOS Price Low 360 317 409 449 129
Ret on SH Fnd 14.06 15.04 16.67 15.27 14.14 Price Prd End 441 450 441 600 649
Oper Pft Mgn 10.34 11.04 12.43 12.09 10.93 RATIOS
D:E 0.20 0.08 0.08 0.09 0.09 Ret on SH Fnd 9.45 6.03 2.66 8.08 3.06
Current Ratio 1.82 1.93 1.90 1.99 1.90 Oper Pft Mgn 1.30 0.99 1.36 1.78 1.01
Div Cover 2.31 1.96 2.25 2.32 2.33 D:E 0.25 0.24 0.25 0.39 0.69
Current Ratio 1.53 1.51 1.55 1.48 1.54
Div Cover 2.12 2.08 0.31 2.32 -
www.sharedata.co.za www.sharedata.co.za
68