Page 142 - Profile's Stock Exchange Handbook - 2025 Issue 4

JSE - LEW Profile’s Stock Exchange Handbook: 2025 - Issue 4
Lewis Group Ltd. POSTAL ADDRESS: PO Box 43, Woodstock,
Cape Town, 7915
EMAIL: graeme@tierlir.co.za
ISIN: ZAE000058236 WEBSITE: www.lewisgroup.co.za
SHORT: LEWIS TELEPHONE: 021-460-4400
CODE: LEW COMPANY SECRETARY: Marisha Gibbons
REG NO: 2004/009817/06 TRANSFER SECRETARY: Computershare
FOUNDED: 1934 Investor Services (Pty) Ltd.
LISTED: 2004 Scan the QR code to SPONSOR: Standard Bank of SA Ltd.
AUDITORS: EY Inc.
NATURE OF BUSINESS: visit our website
Lewis Group is a leading credit BANKERS: Absa Bank Ltd., First National Bank of Africa Ltd.,
Investec Bank Ltd., Nedbank Ltd., Standard Bank Ltd.
retailer of household furniture,
Status
Expected
CALENDAR
electrical appliances and home electronics and has been Annual General Meeting 24 Oct 2025 Confirmed
listed on the JSE Ltd. since 2004 where it is classified Next Interim Results Nov 2025 Unconfirmed
under the General Retailers sector. The group has a branch Next Final Results May 2026 Unconfirmed
network of 918 stores which includes stores across all major
metropolitan areas as well as a strong presence in rural CAPITAL STRUCTURE Authorised Issued
South Africa, with 144 stores in the neighbouring countries LEW Ords 1c ea 150 000 000 52 159 288
of Botswana, Eswatini, Lesotho and Namibia. DISTRIBUTIONS [ZARc]
Ldt
Pay
Amt
The group operates the following primary brands: Ords 1c ea 22 Jul 25 28 Jul 25 500.00
Final No 42
- Lewis, the country’s largest furniture chain and one of the Interim No 41 21 Jan 25 27 Jan 25 300.00
most recognisable brands in furniture retailing, focused Final No 40 23 Jul 24 29 Jul 24 300.00
primarily on the growing middle to lower income market in Interim No 39 16 Jan 24 22 Jan 24 200.00
the living standards measurement (“LSM”) 4 to 7 categories. LIQUIDITY: Sep25 Avg 279 979 shares p.w., R21.6m(27.9% p.a.)
- Best Home and Electric, selling appliances as well as LEWIS 40 Week MA GERE
furniture ranges in the LSM 4 to 7 category. 9000
8000
- Beares, a long established brand focussing on the middle 7000
income market in the LSM 7 to 9 category. 6000
- UFO, a cash furniture retailer, with a value offering in the 5000
upper income spectrum being LSM 9 +. 4000
3000
The group also operates a number of small bedding 2000
chains. Monarch Insurance, the group’s financial services 1000
subsidiary, provides optional micro insurance products to 2021 2022 2023 2024 2025
customers purchasing merchandise on credit.
RECENT ANNOUNCEMENTS
SECTOR: ConsDiscr--Retail--Retailers--HomeImprovementRetailers
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2025 Tuesday 15 July 2025: GCR Rating
Coronation Fund Managers (SA) 13.80% Lewis Group is pleased to advise that on 14 July 2025,
Peresec Prime Brokers (SA) 8.63% Global Credit Ratings (“GCR”) affirmed Lewis Group’s
FINANCIAL STATISTICS long- and short-term national scale issuer ratings at
Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 A+(ZA) and A1(ZA), respectively. The Outlook has been
(R million) placed on Positive from Stable.
Final Final Final(rst) Final Final
Turnover 9 288 8 184 7 456 7 256 6 726 The ratings are as follows:
Op Inc 1 152 690 609 668 696 National long-term issuer rating: A+(za)
NetIntPd(Rcvd) 205 138 98 24 88 National short-term issuer rating: A1(za)
Tax 229 154 156 191 172
Att Inc 755 436 411 483 433 Outlook: Positive
TotCompIncLoss 771 425 422 486 422 In their announcement, GCR noted that the change
Hline Erngs-CO 768 500 510 561 463 in outlook to Positive reflects Lewis Group’s resilient
Fixed Ass 467 442 426 396 386 business model, which has facilitated strong credit-
Right of Use Assets 848 794 760 747 635
Inv & Loans 160 243 257 266 254 based sales growth, bolstering earnings performance
IntangileAssets&Goodwill 127 110 175 258 296 and supporting a robust liquidity position across the
Def Tax Asset 86 64 50 83 112 economic cycle. The group’s low leverage and financial
RetirementBenefitAssets 119 109 107 110 105 flexibility are expected to absorb the pressures of its
Tot Curr Ass 6 634 5 771 5 270 5 047 5 035
Ord SH Int 5 078 4 703 4 693 4 717 4 873 growing credit book.
LT Liab 854 1 188 821 805 656
Tot Curr Liab 2 508 1 643 1 531 1 385 1 295 Lewis final results March 2025 - Thursday, 29 May 2025:
PER SHARE STATISTICS (cents per share) Lewis Group increased operating profit by 66.9% for
EPS (ZARc) 1 456.90 806.30 695.60 730.70 576.40 the year ended 31 March 2025, driven by robust growth
HEPS-C (ZARc) 1 482.50 924.60 863.50 848.70 616.50 in credit sales, expanding gross profit, strong other
DPS (ZARc) 800.00 500.00 413.00 413.00 328.00 revenue growth and continued improvement in the
NAV PS (ZARc) 9 864.00 8 891.00 8 220.00 7 527.00 6 814.00
3 Yr Beta 0.48 0.39 0.45 0.79 0.86 quality of the debtors portfolio.
Price High 8 916 4 499 5 487 5 400 3 211 The directors have demonstrated confidence in the
Price Low 4 260 3 500 3 751 2 835 1 201 Group’s cash generating ability and growth prospects
Price Prd End 7 090 4 350 4 100 4 700 3 071 by increasing the final dividend by 66.7% to 500 cents
RATIOS per share, resulting in a total dividend of 800 cents per
Ret on SH Fnd 14.86 9.28 8.76 10.24 8.88
Ret On Tot Ass 15.00 10.00 9.20 10.40 10.50 share for the year
Oper Pft Mgn 12.41 8.43 8.17 9.20 10.34 Headline earnings increased by 53.5% to R768.2 million.
D:E 0.38 0.34 0.25 0.15 0.07 Earnings per share increased 80.7% to 1 457 cents and
Current Ratio 2.65 3.51 3.44 3.64 3.89 headline earnings per share by 60.3% to 1 483 cents,
Div Cover 1.82 1.61 1.68 1.77 1.76 reflecting the positive leverage effect of the Group’s
NUMBER OF EMPLOYEES: 10 423 share repurchase programme.
DIRECTORS: Abrahams Prof F (ind ne), Bodasing A (ind ne),
Deegan B (ind ne), Motsepe D R (ind ne), Njikizana T H (ind ne),
Saven H (Chair, ind ne), Enslin J (CEO), Bestbier J (CFO)
POPULAR BRAND NAMES: Lewis, Best Home and Electric, Beares,
UFO Furniture, Bedzone, Real Beds, Monarch Insurance
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