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- MarketLine Department
Pick n Pay Stores Ltd - Strategy, SWOT and Corporate Finance Report
Summary Pick n Pay Stores Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Pick n Pay Stores Ltd (Pick n Pay) is a retailer of food, clothing, and general merchandise. The company operates supermarkets, hypermarkets, food stores, pharmacies, clothing stores, ha...
SPAR GROUP reduced its risk exposure resulting in an upgrade to Positi...
SPAR GROUP (ZA), a company active in the Food Retailers & Wholesalers industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Positive. As of the analysis date March 22, 2022, the closing price was ...
- Jiten Bechoo
- Pratish Soni
SPAR | Liquor cheer
SPP delivered a consistent set of results relative to its peer group, with HEPS growing 10% y/y in H1 '20. Higher SA inflation of c.3% was supportive to earnings and ahead of peers (SHP c.1.2%, PIK c.2.2%). SPP has a superior mix of revenue in SA. Liquor and private label (c.10%, c.23% of SA revenue) had c.7% like-for-like y/y volume growth a tight consumer environment. Thus, we continue to believe that SPP will outperform its peer group in future. The lack of an African footprint creates l...
- Jiten Bechoo
- Pratish Soni
SPAR | Safe haven
Spar (SPP) continues to show stability with HEPS up 7% y/y in H1 ‘19. The core SA supermarket business had even volume gains due to the consistency of convenience shopping through cycles. Inflation was above peers due to a lower mix of staples in the convenience basket. Ireland's supermarket business exhibits similar traits as SA's supermarket business. The Group's performance limits the threat of the proliferation of discounters and deflationary trends in developed markets. Strong sales ...
- Jiten Bechoo
- Pratish Soni
SPAR | Steadily diversifying
Spar Group (SPP) FY '18 results were in line with our expectations with normalised HEPS growth of 9% yoy to 1 063cps. The core SA supermarket business is still underperforming peers on top line growth. With PIK and SHP expanding into the convenience channel, the trading environment is challenging. SPP is keeping inflation low to remain competitive and is enhancing its fresh private label product mix to support margins. Deflation in foreign operations is affecting foreign sales, but volumes r...
1 director bought
A director at Spar Group Limited bought 20,762 shares at 176.237ZAR and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
- Shamil Ismail
Spar (SPP) - The Weakest Link
Summary SPP’s FY17 results were disappointing and we are concerned about the impact which a protracted low topline growth environment may have on its individual franchisees. Through a series of scenarios, we assess which levels of turnover growth would swing the profitability of a franchise store into an operating loss. We find that franchisees that are geared may be vulnerable to the current low levels of turnover growth, and considering the periodic refurbishment of stores, we think that a su...
- Shamil Ismail
- Victor Dima
Spar Group Ltd (Hold, TP ZAR 187/share) H1 17A result: Sales and EBIT ...
​Spar Group’s H1 17A revenue grew by 12.6% y/y to ZAR 47.4bn in H1 17A; slowing from 16.9% y/y in Q1 17A and 2.1% below ACe. Sales growth was mainly aided by consolidation of Spar Switzerland revenues. Spar SA (68% of SPP revenues) sales growth remains muted at 4.9% y/y (ACe: +5.6% y/y) and BWG revenues declined by 13.1% y/y in ZAR (+1.6% y/y in EUR) due to a ZAR appreciation vs. EUR.Group EBIT declined by 4.6% y/y to ZAR 1.21bn, 6% below ACe. 40bps decline in Spar SA margin together with op...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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