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Novus Holdings

DB:N09
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
N09
DB
ZAR599M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Novus Holdings Limited engages in the printing and manufacturing businesses in South Africa and internationally. The last earnings update was 142 days ago. More info.


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  • Novus Holdings has significant price volatility in the past 3 months.
N09 Share Price and Events
7 Day Returns
110.9%
DB:N09
-0.5%
DE Commercial Services
2.2%
DE Market
1 Year Returns
-73.8%
DB:N09
-32%
DE Commercial Services
-17.2%
DE Market
N09 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Novus Holdings (N09) 110.9% -10.6% -40.8% -73.8% - -
DE Commercial Services -0.5% -22% -34% -32% -33.4% -44.1%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • N09 underperformed the Commercial Services industry which returned -32% over the past year.
  • N09 underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
N09
Industry
5yr Volatility vs Market
Related Companies

N09 Value

 Is Novus Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Novus Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Novus Holdings.

DB:N09 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in ZAR ZAR .300000
Payout Ratio Company Filings (2019-09-30) 9372.6%
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:N09
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 28%) (77.46%))
0.96
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.96 * 8.23%)
7.51%

Discounted Cash Flow Calculation for DB:N09 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Novus Holdings is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:N09 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ZAR0.3 / (7.51% - -0.39%)
ZAR0
DB:N09 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:N09 represents 0.03553x of JSE:NVS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.03553x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 3.80 x 0.03553
€0.13
Value per share (EUR) From above. €0.13
Current discount Discount to share price of €0.07
= -1 x (€0.07 - €0.13) / €0.13
49.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Novus Holdings is available for.
Intrinsic value
50%
Share price is €0.0675 vs Future cash flow value of €0.13483
Current Discount Checks
For Novus Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Novus Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Novus Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Novus Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Novus Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:N09 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in ZAR ZAR0.31
JSE:NVS Share Price ** JSE (2020-03-31) in ZAR ZAR1.9
Germany Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 95.98x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Novus Holdings.

DB:N09 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:NVS Share Price ÷ EPS (both in ZAR)

= 1.9 ÷ 0.31

6.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Novus Holdings is good value based on earnings compared to the DE Commercial Services industry average.
  • Novus Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Novus Holdings's expected growth come at a high price?
Raw Data
DB:N09 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Commercial Services Industry PEG Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 1.12x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Novus Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Novus Holdings's assets?
Raw Data
DB:N09 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in ZAR ZAR9.18
JSE:NVS Share Price * JSE (2020-03-31) in ZAR ZAR1.9
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.14x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:N09 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:NVS Share Price ÷ Book Value per Share (both in ZAR)

= 1.9 ÷ 9.18

0.21x

* Primary Listing of Novus Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Novus Holdings is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Novus Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Novus Holdings has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

N09 Future Performance

 How is Novus Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Novus Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.6%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Novus Holdings expected to grow at an attractive rate?
  • Unable to compare Novus Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Novus Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Novus Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:N09 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 23.6%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:N09 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:N09 Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:N09 Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-09-30 4,262 150 90
2019-06-30 4,297 150 131
2019-03-31 4,332 149 172
2018-12-31 4,321 367 80
2018-09-30 4,311 584 -11
2018-06-30 4,310 547 30
2018-03-31 4,308 509 70
2017-12-31 4,369 446 179
2017-09-30 4,431 383 288
2017-06-30 4,371 429 273
2017-03-31 4,312 475 257
2016-12-31 4,290 350 332

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Novus Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Novus Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:N09 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Novus Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:N09 Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:N09 Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-09-30 0.31
2019-06-30 0.44
2019-03-31 0.56
2018-12-31 0.26
2018-09-30 -0.03
2018-06-30 0.09
2018-03-31 0.22
2017-12-31 0.56
2017-09-30 0.90
2017-06-30 0.85
2017-03-31 0.80
2016-12-31 1.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Novus Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Novus Holdings is trading at Novus Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Novus Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Novus Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Novus Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Novus Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

N09 Past Performance

  How has Novus Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Novus Holdings's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Novus Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Novus Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Novus Holdings has become profitable in the last year making it difficult to compare the Europe Commercial Services industry average.
Earnings and Revenue History
Novus Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Novus Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:N09 Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4,261.77 90.20 610.98
2019-06-30 4,296.78 130.90 630.74
2019-03-31 4,331.80 171.61 650.50
2018-12-31 4,321.39 80.49 660.64
2018-09-30 4,310.97 -10.63 670.77
2018-06-30 4,309.54 29.89 648.53
2018-03-31 4,308.10 70.42 626.28
2017-12-31 4,369.32 179.33 628.60
2017-09-30 4,430.53 288.23 630.93
2017-06-30 4,371.50 272.53 603.76
2017-03-31 4,312.46 256.82 576.58
2016-12-31 4,290.37 331.60 577.80
2016-09-30 4,268.28 406.37 579.03
2016-06-30 4,221.40 426.07 593.98
2016-03-31 4,174.52 445.76 608.93
2015-12-31 4,221.74 413.30 594.19
2015-09-30 4,268.96 380.85 579.46
2015-06-30 4,265.22 357.87 556.86
2015-03-31 4,261.48 334.90 534.26
2014-03-31 3,968.76 394.08 476.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Novus Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Novus Holdings used its assets more efficiently than the DE Commercial Services industry average last year based on Return on Assets.
  • Novus Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Novus Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Novus Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

N09 Health

 How is Novus Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Novus Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Novus Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Novus Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Novus Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Novus Holdings Company Filings, last reported 6 months ago.

DB:N09 Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,643.73 384.79 93.23
2019-06-30 2,643.73 384.79 93.23
2019-03-31 2,673.41 215.64 120.63
2018-12-31 2,673.41 215.64 120.63
2018-09-30 2,731.97 305.90 79.63
2018-06-30 2,731.97 305.90 79.63
2018-03-31 2,790.76 90.80 243.95
2017-12-31 2,790.76 90.80 243.95
2017-09-30 2,961.08 357.56 173.51
2017-06-30 2,961.08 357.56 173.51
2017-03-31 2,882.47 19.77 229.97
2016-12-31 2,882.47 19.77 229.97
2016-09-30 2,811.46 302.84 100.14
2016-06-30 2,811.46 302.84 100.14
2016-03-31 2,822.62 87.63 278.33
2015-12-31 2,822.62 87.63 278.33
2015-09-30 2,640.79 205.21 258.96
2015-06-30 2,640.79 205.21 258.96
2015-03-31 2,566.72 250.82 389.09
2014-03-31 2,206.61 287.24 98.67
  • Novus Holdings's level of debt (14.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.3% vs 14.6% today).
  • Debt is well covered by operating cash flow (39%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.3x coverage).
X
Financial health checks
We assess Novus Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Novus Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

N09 Dividends

 What is Novus Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
15.79%
Current annual income from Novus Holdings dividends.
If you bought €2,000 of Novus Holdings shares you are expected to receive €316 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Novus Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Novus Holdings's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:N09 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:N09 Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
DB:N09 Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-07-05 0.300 11.530
2019-06-13 0.300 7.896
2018-07-02 0.520 12.541
2018-06-15 0.520 14.178
2017-07-03 0.560 10.185
2017-06-09 0.560 7.494
2016-07-14 0.700 7.294
2016-06-08 0.700 6.321
2015-06-11 0.640 5.130

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Novus Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Novus Holdings has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Novus Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Novus Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Novus Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Novus Holdings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

N09 Management

 What is the CEO of Novus Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Neil Birch
COMPENSATION ZAR4,826,000
AGE 58
TENURE AS CEO 1.8 years
CEO Bio

Mr. Neil William Birch, BSc (Hons) (Eng), served as the Chief Executive of Paperplus -South Africa at The Bidvest Group Limited and served as its Chief Executive of Bidpaper Plus. Mr. Birch has more than 25 years of experience in the printing and packaging industry. He serves as Chief Executive Officer of Novus Holdings Limited since June 19, 2018 and served as an Executive Chairman of the Board of Novus Holdings Limited since October 1, 2017 until July 2018. He has been a Director at Novus Holdings Limited since April 03, 2017. He served as Independent Non-Executive Chairman of Novus Holdings Limited from April 3, 2017 to September 30, 2017.

CEO Compensation
  • Neil's compensation has increased in line with Novus Holdings recently becoming profitable.
  • Neil's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Novus Holdings management team in years:

1.8
Average Tenure
55
Average Age
  • The average tenure for the Novus Holdings management team is less than 2 years, this suggests a new team.
Management Team

Neil Birch

TITLE
CEO & Director
COMPENSATION
ZAR5M
AGE
58
TENURE
1.8 yrs

Harry Todd

TITLE
CFO & Executive Director
COMPENSATION
ZAR3M
AGE
55
TENURE
1.8 yrs

Peter Metcalfe

TITLE
Group Executive of Sales
AGE
55

Ralph Ruthford

TITLE
Group Executive of Human Resources
TENURE
2.3 yrs

Pierre van der Walt

TITLE
Group Head of Projects

Melonie Brink

TITLE
Company Secretary
TENURE
1.5 yrs

Keshree Alwar

TITLE
Group Financial Manager
AGE
34
Board of Directors Tenure

Average tenure and age of the Novus Holdings board of directors in years:

2
Average Tenure
51.5
Average Age
  • The average tenure for the Novus Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Phumla Mnganga

TITLE
Chairman
AGE
51
TENURE
1 yrs

Neil Birch

TITLE
CEO & Director
COMPENSATION
ZAR5M
AGE
58
TENURE
3 yrs

Harry Todd

TITLE
CFO & Executive Director
COMPENSATION
ZAR3M
AGE
55
TENURE
1.5 yrs

Keshree Alwar

TITLE
Group Financial Manager
AGE
34
TENURE
1.5 yrs

Christoff Botha

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR588K
AGE
58
TENURE
4.2 yrs

H. Mtanga

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR508K
AGE
47
TENURE
2.8 yrs

Dennis Mack

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR282K
AGE
49
TENURE
1.7 yrs

Sandile Donald Zungu

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR443K
AGE
52
TENURE
5.2 yrs

Manie Mayman

TITLE
Non-Executive Director
AGE
64
TENURE
0.1 yrs

Noluvuyo Mkhondo

TITLE
Non-Independent Non-Executive Director
COMPENSATION
ZAR298K
AGE
35
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Novus Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Novus Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

N09 News

Simply Wall St News

N09 Company Info

Description

Novus Holdings Limited engages in the printing and manufacturing businesses in South Africa and internationally. The company operates through Printing, Packaging, and Other segments. It offers gravure, heatset, coldset, sheet-fed, and digital printing services. The company prints books and directories, magazines, newspapers, leaflets, flyers, newsletters, textbooks, workbooks, examination papers, answer books, and retail and promotional catalogues, as well as security materials, such as ballot papers, voter registration forms, census forms, and other confidential materials. It is also involved in the printing of self-adhesive, wet-glue, wrap-around, and digital personalized labels; and manufacture and supply of flexible packaging solutions, such as boutique/retail, security, and carrier bags, as well as form, fill, and seal bags for wine, beverage, petrochemical, and FMCG markets. In addition, the company manufactures bulk tissue and jumbo wadding products; and operates training institution that offers a range of technical, life skills, management, leadership, and IT and systems courses and programs. Novus Holdings Limited was founded in 1905 and is based in Milnerton, South Africa.

Details
Name: Novus Holdings Limited
N09
Exchange: DB
Founded: 1905
ZAR30,727,057
315,397,514
Website: http://www.novus.holdings
Address: Novus Holdings Limited
10 Freedom Way,
Milnerton,
Western Cape, 7441,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE NVS Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 31. Mar 2015
DB N09 Ordinary Shares Deutsche Boerse AG DE EUR 31. Mar 2015
Number of employees
Current staff
Staff numbers
2,364
Novus Holdings employees.
Industry
Commercial Printing
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 08:20
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2018/06/15
Last earnings filing: 2019/11/11
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.