Page 90 - Profile's Stock Exchange Handbook - 2025 Issue 4

JSE - BAL Profile’s Stock Exchange Handbook: 2025 - Issue 4
Balwin Properties Ltd. Barloworld Ltd.

ISIN: ZAE000209532 SHORT: BALWIN CODE: BWN
REG NO: 2003/028851/06 FOUNDED: 2003 LISTED: 2015
NATURE OF BUSINESS: Balwin is a specialist, national residential
property developer of large-scale, sectional title estates for South
Africa’s growing low-to-middle income population.
SECTOR: RealEstate--RealEstate--InvestmentServices--Holdings ISIN: ZAE000026639 SHORT: BARWORLD CODE: BAW
NUMBER OF EMPLOYEES: 0 ISIN: ZAE000026647 SHORT: BARWORLD6%P CODE: BAWP
DIRECTORS: Amosun T (ind ne), Kukama R K (ne), Mokgosi-Mwantembe T REG NO: 1918/000095/06 FOUNDED: 1902 LISTED: 1941
(ind ne), Moloko K R (ind ne), Scher J H (ind ne), Shapiro A J (ind ne), NATURE OF BUSINESS: Barloworld Ltd. is positioned as an industrial
Saven H (Chair, ind ne), Brookes S V (CEO), Bigham J (CFO) processing, distribution and services company with two primary
MAJOR ORDINARY SHAREHOLDERS as at 4 Apr 2025 areas of focus: Industrial Equipment and Services and Consumer
Brookes S V 33.07% Industries (food and ingredient solutions). Barloworld has a primary
Gray R N 9.29% listing on the main board of the JSE Ltd. The group’s corporate
Tatovect (Pty) Ltd. 9.09% offices are situated in Johannesburg (with headquarters and
POSTAL ADDRESS: Private Bag X4, Gardenview, Johannesburg, 2047 treasury in Johannesburg, a treasury in the United Kingdom and the
MORE INFO: www.sharedata.co.za/sdo/jse/BWN Middle East, and a captive insurance company in the Isle of Man).
COMPANY SECRETARY: Fluidrock Co Sec (Pty) Ltd. SECTOR: Inds--IndsGoods&Services--GeneralIndustr--DiversIndustr
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. NUMBER OF EMPLOYEES: 6 234
SPONSOR: Investec Bank Ltd. DIRECTORS: Chiaranda N (ind ne), Nkonyeni V (ind ne), Odunewu B
AUDITORS: BDO South Africa Inc. (ind ne), Mokhesi N V (ld ind ne), Mnxasana N P (ind ne), Molotsi H N
CAPITAL STRUCTURE Authorised Issued (ind ne), Schmid P (ind ne), Gwagwa Dr N N (Chair, ind ne),
BWN Ords no par val 1 000 000 000 519 411 852 Sewela D M (Group CEO), Lila N V (Group FD)
DISTRIBUTIONS [ZARc] MAJOR ORDINARY SHAREHOLDERS as at 9 Sep 2025 19.30%
Public Investment Corporation (SOC) Ltd.
Ords no par val Ldt Pay Amt Zahid Tractor & Heavy Machinery Co. Ltd. 18.90%
Final No 13 20 Jun 23 26 Jun 23 14.10 Silchester International Investors LLP 14.40%
Interim No 12 6 Dec 22 12 Dec 22 9.90 POSTAL ADDRESS: PO Box 782248, Sandton, 2146
LIQUIDITY: Oct25 Avg 255 832 shares p.w., R625 590.8(2.6% p.a.) EMAIL: investor@barloworld.com
WEBSITE: www.barloworld.com
BALWIN 40 Week MA REDS TELEPHONE: 011-445-1000
1200
COMPANY SECRETARY: Nomini Rapoo
1000 TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
SPONSOR: Nedbank Corporate and Investment Banking, a division
800
of Nedbank Ltd.
600 AUDITORS: Ernst & Young,SizweNtsalubaGobodo Grant Thornton Inc.
400 CAPITAL STRUCTURE Authorised Issued
BAW Ords 5c ea 400 000 000 189 641 787
200 BAWP 6% Prefs 200c ea 500 000 375 000
0 DISTRIBUTIONS [ZARc]
2021 2022 2023 2024 2025
Ords 5c ea Ldt Pay Amt
17 Jun 25
Interim No 191
FINANCIAL STATISTICS Final No 190 30 Dec 24 23 Jun 25 120.00
6 Jan 25
310.00
Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
(R ’000) LIQUIDITY: Sep25 Avg 2m shares p.w., R193.0m(50.9% p.a.)
Interim Final Final Final Final
Turnover 1 224 134 2 220 918 2 356 284 3 326 908 3 125 269 BARWORLD 40 Week MA GENI
Op Inc 156 583 346 995 330 814 592 750 513 046 13000
12000
NetIntPd(Rcvd) 15 704 32 725 20 558 - 4 379 - 2 294 11000
Minority Int 4 511 1 346 1 704 1 087 545 10000
Att Inc 97 879 232 678 215 668 436 267 362 579 9000
TotCompIncLoss 98 831 234 493 218 789 436 862 363 124 8000
Fixed Ass 817 489 746 728 602 201 481 433 259 397 7000
Inv & Loans 3 131 3 131 8 664 8 664 10 264 6000
Tot Curr Ass 7 439 937 7 304 432 6 984 676 6 752 030 6 277 985 5000
Ord SH Int 4 408 344 4 253 216 4 005 755 3 834 927 3 515 419 2021 2022 2023 2024 2025 4000
Minority Int 20 604 4 641 3 295 1 591 504
LT Liab 1 903 052 1 295 447 1 461 774 1 541 981 1 083 470 NOTES: Barloworld Ltd. historical prices were adjusted to reflect the
Tot Curr Liab 1 955 292 2 531 154 2 159 523 1 919 748 1 996 588 unbundling of Zeda Ltd. shares on 13 December 2022.
PER SHARE STATISTICS (cents per share) FINANCIAL STATISTICS
HEPS-C (ZARc) 20.91 45.95 47.94 91.49 75.88 (R million) Mar 25 Sep 24 Sep 23 Sep 22 Sep 21
DPS (ZARc) - - - 24.00 20.90 Interim Final Final Final Final(rst)
NAV PS (ZARc) 946.03 910.20 858.49 824.38 749.01 Turnover 18 063 41 908 45 028 39 383 34 123
3 Yr Beta 0.61 0.60 0.53 - 0.01 - 0.19 Op Inc 1 587 3 787 4 332 3 654 3 241
878
NetIntPd(Rcvd)
1 337
766
522
1 266
Price High 287 275 322 350 500 Hline Erngs-CO 788 1 902 2 147 2 131 1 872
Price Low 166 160 190 236 270 Fixed Ass 8 721 8 567 8 017 7 555 11 417
Price Prd End 270 212 200 315 309 Inv in Assoc 3 067 2 904 2 835 2 424 1 880
RATIOS Ord SH Int 17 200 16 359 16 557 18 919 21 422
Ret on SH Fnd 4.62 5.50 5.42 11.40 10.33 Tot Curr Liab* 17 411 18 219 22 381 24 449 21 000
Oper Pft Mgn 12.79 15.62 14.04 17.82 16.42 PER SHARE STATISTICS (cents per share)
D:E 0.43 0.30 0.36 0.40 0.31 EPS (ZARc) 403.40 1 022.20 1 197.00 1 051.90 1 390.90
Current Ratio 3.81 2.89 3.23 3.52 3.14 HEPS-C (ZARc) 423.20 1 022.10 1 156.30 1 096.30 944.90
Div Cover - - - 3.91 3.70 DPS (ZARc) 120.00 520.00 500.00 1 010.00 1 787.00
NAV PS (ZARc) 9 235.00 8 798.00 8 730.67 9 976.00 10 698.00
RATIOS
Ret on SH Fnd 8.88 11.71 13.53 17.10 12.10
RONOA 22.00 27.30 28.60 28.60 20.30
Oper Pft Mgn 8.79 9.04 9.62 9.28 9.50
D:E 0.69 0.56 0.76 0.54 0.70
Int Cover 2.97 2.98 3.20 3.00 4.41
Current Ratio 1.42 1.29 1.36 1.54 1.51
Div Cover 3.36 1.97 2.39 0.66 4.26
*incl. assets held for sale
88