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Remgro

DB:RE7
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RE7
DB
ZAR95B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Remgro Limited is a principal investment firm. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Remgro is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
RE7 Share Price and Events
7 Day Returns
1.6%
DB:RE7
5%
DE Diversified Financial
2.8%
DE Market
1 Year Returns
-10.9%
DB:RE7
1.4%
DE Diversified Financial
3%
DE Market
RE7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Remgro (RE7) 1.6% -12.8% -17.1% -10.9% -28.6% -37.2%
DE Diversified Financial 5% 7.8% -5% 1.4% 75.8% 333.7%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • RE7 underperformed the Diversified Financial industry which returned 1.4% over the past year.
  • RE7 underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
RE7
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Remgro's competitors could be found in our database.

RE7 Value

 Is Remgro 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 Remgro 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 Remgro.

DB:RE7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ZAR240.31 * 7.8%
ZAR18.71
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. ZAR240.31
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:RE7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 28%) (23.55%))
0.859
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.859 * 5.96%)
5.35%

Discounted Cash Flow Calculation for DB:RE7 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Remgro is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:RE7 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.8% – 5.35%) * ZAR240.31)
ZAR5.86
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ZAR5.86 / (5.35% - 0.23%)
ZAR114.52
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ZAR240.31 + ZAR114.52
ZAR354.83
DB:RE7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RE7 represents 0.05738x of JSE:REM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.05738x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 354.83 x 0.05738
€20.36
Value per share (EUR) From above. €20.36
Current discount Discount to share price of €9.70
= -1 x (€9.70 - €20.36) / €20.36
52.4%

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

Current Discount
Amount off the current price Remgro is available for.
Intrinsic value
>50%
Share price is €9.7 vs Future cash flow value of €20.36
Current Discount Checks
For Remgro to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Remgro's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Remgro'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 Remgro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Remgro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RE7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in ZAR ZAR-1.77
JSE:REM Share Price ** JSE (2019-10-11) in ZAR ZAR169.05
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Remgro.

DB:RE7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 169.05 ÷ -1.77

-95.71x

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

  • Remgro is loss making, we can't compare its value to the DE Diversified Financial industry average.
  • Remgro is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Remgro's expected growth come at a high price?
Raw Data
DB:RE7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -95.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
48.7%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*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 Remgro, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Remgro's assets?
Raw Data
DB:RE7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in ZAR ZAR178.95
JSE:REM Share Price * JSE (2019-10-11) in ZAR ZAR169.05
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:RE7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 169.05 ÷ 178.95

0.94x

* Primary Listing of Remgro.

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

  • Remgro is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Remgro'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Remgro has a total score of 3/6, 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.

RE7 Future Performance

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

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
48.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Remgro expected to grow at an attractive rate?
  • Remgro's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Remgro's earnings growth is expected to exceed the Germany market average.
  • Remgro's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RE7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RE7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 48.7%
DB:RE7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -17.5%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:RE7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RE7 Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 37,386 11,963 1
2021-06-30 34,790 10,851 1
2020-06-30 32,543 9,345 1
2019-10-13
DB:RE7 Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-06-30 56,968 6,300 -999
2018-12-31 47,385 8,130 6,580
2018-09-30 39,250 6,539 7,517
2018-06-30 31,115 4,948 8,453
2017-12-31 27,135 4,886 6,618
2017-09-30 27,368 5,191 7,302
2017-06-30 27,600 5,495 7,985
2017-03-31 27,777 4,794 7,840
2016-12-31 27,953 4,092 7,249
2016-09-30 27,825 3,965 6,307

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Remgro's earnings are expected to grow significantly at over 20% yearly.
  • Remgro's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:RE7 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Remgro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RE7 Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 21.15 21.94 20.36 2.00
2021-06-30 19.19 20.00 18.37 2.00
2020-06-30 16.52 16.73 16.31 2.00
2019-10-13
DB:RE7 Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-06-30 -1.77
2018-12-31 11.61
2018-09-30 13.26
2018-06-30 14.91
2017-12-31 11.68
2017-09-30 13.04
2017-06-30 14.43
2017-03-31 14.57
2016-12-31 13.87
2016-09-30 12.16

*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.
  • Remgro is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Remgro'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 Europe 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.
Remgro has a total score of 3/6, 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.

RE7 Past Performance

  How has Remgro 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 Remgro's growth in the last year to its industry (Diversified Financial).
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.
  • Remgro does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Remgro's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Remgro's 1-year growth to the Europe Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
Remgro'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 Remgro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RE7 Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 56,968.00 -999.00 8,576.00
2018-12-31 47,385.00 6,580.00 7,958.00
2018-09-30 39,250.00 7,516.50 7,107.50
2018-06-30 31,115.00 8,453.00 6,257.00
2017-12-31 27,135.00 6,618.00 5,515.00
2017-09-30 27,367.50 7,301.50 5,482.00
2017-06-30 27,600.00 7,985.00 5,449.00
2017-03-31 27,776.50 7,840.00 5,378.50
2016-12-31 27,953.00 7,249.00 5,326.00
2016-09-30 27,825.00 6,306.50 5,210.50
2016-06-30 27,697.00 5,364.00 5,095.00
2016-03-31 27,216.00 6,558.50 4,463.00
2015-12-31 26,735.00 7,739.00 4,348.00
2015-09-30 26,162.50 8,227.00 4,312.00
2015-06-30 25,590.00 8,715.00 4,276.00
2015-03-31 25,329.50 8,041.00 4,186.50
2014-12-31 25,069.00 7,367.00 4,097.00
2014-09-30 24,845.00 7,142.00 3,922.00
2014-06-30 24,621.00 6,917.00 3,747.00
2014-03-31 22,938.50 6,584.50 3,515.00
2013-12-31 21,256.00 6,252.00 3,283.00
2013-09-30 18,861.00 5,215.50 2,995.00
2013-06-30 16,466.00 4,179.00 2,707.00
2013-03-31 15,489.50 5,730.50 2,600.00
2012-12-31 14,521.00 7,127.00 2,506.00

*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.
  • It is difficult to establish if Remgro has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Remgro has efficiently used its assets last year compared to the DE Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Remgro improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Remgro'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 Diversified Financial 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.
Remgro has a total score of 0/6, 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.

RE7 Health

 How is Remgro'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 Remgro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Remgro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Remgro's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Remgro'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.8x 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 Remgro Company Filings, last reported 3 months ago.

DB:RE7 Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 116,189.00 22,396.00 17,985.00
2018-12-31 122,616.00 22,097.00 21,158.00
2018-09-30 122,616.00 22,097.00 21,158.00
2018-06-30 113,446.00 21,698.00 16,165.00
2017-12-31 95,169.00 17,019.00 13,076.00
2017-09-30 95,169.00 17,019.00 13,076.00
2017-06-30 95,302.00 16,749.00 13,412.00
2017-03-31 95,302.00 16,749.00 13,412.00
2016-12-31 92,170.00 17,708.00 13,027.00
2016-09-30 92,170.00 17,708.00 13,027.00
2016-06-30 81,657.00 19,281.00 4,624.00
2016-03-31 81,701.00 19,281.00 4,624.00
2015-12-31 83,576.00 8,083.00 4,994.00
2015-09-30 83,576.00 8,083.00 4,994.00
2015-06-30 75,917.00 3,818.00 5,042.00
2015-03-31 75,917.00 3,818.00 5,042.00
2014-12-31 71,583.00 5,086.00 4,410.00
2014-09-30 71,583.00 5,086.00 4,410.00
2014-06-30 68,634.00 5,097.00 4,828.00
2014-03-31 68,634.00 5,097.00 4,828.00
2013-12-31 64,650.00 6,276.00 5,165.00
2013-09-30 64,650.00 6,276.00 5,165.00
2013-06-30 60,645.00 6,248.00 5,328.00
2013-03-31 61,065.00 6,135.00 5,361.00
2012-12-31 55,967.00 642.00 5,215.00
  • Remgro's level of debt (19.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.4% vs 19.1% today).
  • Debt is well covered by operating cash flow (28.4%, greater than 20% of total debt).
  • Remgro is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Remgro'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. Remgro has a total score of 4/6, 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.

RE7 Dividends

 What is Remgro'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
3.34%
Current annual income from Remgro dividends. Estimated to be 4% next year.
If you bought €2,000 of Remgro shares you are expected to receive €67 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?
  • Remgro's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Remgro's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Upcoming dividend payment

Purchase Remgro before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:RE7 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 3 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:RE7 Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 7.39 3.00
2021-06-30 6.85 3.00
2020-06-30 6.24 4.00
2019-10-13
DB:RE7 Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-09-19 5.640 3.395
2018-10-31 5.320 2.792
2018-09-19 5.320 2.784
2017-09-20 4.950 2.285
2016-11-09 4.600 2.110
2015-10-26 4.280 1.727
2015-09-17 4.280 1.626
2015-02-19 4.020 1.556
2014-09-17 3.890 1.562
2014-03-18 3.570 1.596
2013-09-18 3.460 1.776
2013-03-19 3.330 1.787
2012-09-20 3.140 2.000
2011-09-20 2.510 1.963
2011-06-21 2.090 1.889
2010-06-21 2.090 1.954
2009-12-01 1.940 2.091
2009-06-22 1.900 2.248
2009-06-01 1.900 2.581

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Remgro's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Remgro's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Remgro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Remgro has a total score of 4/6, see the detailed checks below.


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

RE7 Management

 What is the CEO of Remgro'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
Jannie Durand
COMPENSATION ZAR13,323,000
AGE 52
TENURE AS CEO 7.4 years
CEO Bio

Mr. Jan Jonathan Durand, also known as Jannie, BAcc Hons, MPhil (Oxon), CA(SA), serves as a Chairman of Management Board at Remgro Limited. He also serves as a Chief Executive Officer and Executive Director at Remgro Limited since May 7, 2012 and November 4, 2009 respectively. He also serves as a Member of Management Board at Remgro Limited since joining the firm in November 4, 2009. He serves as the Chairman of the Board of Rand Merchant Investment Holdings Limited since March 31, 2018. He serves as the Chairman of Management Board at Remgro Limited. He served as the Chief Investment Officer at Remgro Ltd. since November 4, 2009. Mr. Durand served as the Chief Executive Officer and Financial Director at VenFin DD Holdings Limited until January 31, 2006 and its Executive Director from 2000 to January 31, 2006. Mr. Durand has been the Chairman of the Board at Distell Group Limited since November 24, 2016 and as its Non-Executive Director since July 1, 2012. He has been the Non-Executive Chairman of RCL Foods Limited since June 2012 and has been its Director since March 26, 2010. He served as the Deputy Chairman at Rand Merchant Investment Holdings Limited from November 25, 2016 to March 31, 2018. He has been a Non-Executive Director of Discovery Health Proprietary Limited, Discovery Life Limited and Vitality Healthstyle (Pty) Ltd since August 25, 2011. He has been a Non-Executive Director of Mediclinic International plc since June 07, 2012 and Capevin Investments Limited since March 24, 2010. He has been a Non-Executive Director of Capevin Holdings Ltd since March 24, 2010 and Non-Executive Director at Rand Merchant Investment Holdings Limited since December 08, 2010. He serves as a Director of RMI Holdings limited and Unilever SA Holdings. He has been Executive Director of VenFin DD Holdings Limited since 2000. He has been a Non-Executive Director of FirstRand Ltd. and FirstRand Bank Limited since October 23, 2012 and FSR since October 23, 2012. He served as a Non Executive Director of Grindrod Limited. from May 09, 2012 to May 27, 2016. Mr. Durand served as a Director of VenFin DD Holdings Limited from 2000 to January 2006 and Executive Director since 2000. He served as a Non-Executive Director of RMB Holdings Ltd. from February 2010 to May 25, 2011 and from September 17th, 2012 to June 30th, 2014 and Alexander Forbes Limited from October 08, 2004 to July 27, 2007. He served as Non-Executive Independent Director of Discovery Limited from August 25, 2011 to January 13, 2016. Mr. Durand is a Chartered Accountant (SA). He has a BAcc (Hons) degree from the Stellenbosch University in 1989 and as Rhodes Scholar, he also completed an M. Phil. in Philosophy and Management Studies at University of Oxford during 1992.

CEO Compensation
  • Jannie's compensation has increased whilst company is loss making.
  • Jannie's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Remgro management team in years:

3.5
Average Tenure
52
Average Age
  • The tenure for the Remgro management team is about average.
Management Team

Jannie Durand

TITLE
Chairman of Management Board
COMPENSATION
ZAR13M
AGE
52
TENURE
7.4 yrs

Neville Williams

TITLE
CFO, Member of Management Board & Executive Director
COMPENSATION
ZAR5M
AGE
54
TENURE
3.5 yrs

Mariza Lubbe

TITLE
Director of Compliance & Corporate Social Investment
COMPENSATION
ZAR3M

Pieter Uys

TITLE
Member of Management Board
COMPENSATION
ZAR7M
AGE
56
TENURE
6.5 yrs

Pieter Louw

TITLE
Member of the Management Board
COMPENSATION
ZAR4M
AGE
50
TENURE
3.5 yrs

Raymond S. Ndlovu

TITLE
Member of Management Board
COMPENSATION
ZAR2M
AGE
52
TENURE
1.4 yrs

Deon Annandale

TITLE
Head of Internal Audit & Chief Audit Executive

Danielle Heynes

TITLE
Company Secretary
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Remgro board of directors in years:

9.4
Average Tenure
64
Average Age
  • The tenure for the Remgro board of directors is about average.
Board of Directors

Johann Rupert

TITLE
Non-Independent Non-Executive Chairman
AGE
69

Jannie Durand

TITLE
Chairman of Management Board
COMPENSATION
ZAR13M
AGE
52
TENURE
9.9 yrs

Edwin de la Harpe Hertzog

TITLE
Non-Independent Non-Executive Co-Deputy Chairman
COMPENSATION
ZAR345K
AGE
69
TENURE
14.3 yrs

Josua Malherbe

TITLE
Non-Executive Deputy Chairman
COMPENSATION
ZAR321K
AGE
64
TENURE
4.9 yrs

Neville Williams

TITLE
CFO, Member of Management Board & Executive Director
COMPENSATION
ZAR5M
AGE
54

Mariza Lubbe

TITLE
Director of Compliance & Corporate Social Investment
COMPENSATION
ZAR3M
TENURE
3.1 yrs

Sen De Bruyn Sebotsa

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR663K
AGE
47
TENURE
4.6 yrs

GT Ferreira

TITLE
Lead Independent Non-Executive Director
COMPENSATION
ZAR403K
AGE
71
TENURE
8.8 yrs

Paul Harris

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR403K
AGE
69
TENURE
17.9 yrs

Fred Robertson

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR533K
AGE
64
TENURE
18.6 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 (€)
12. Nov 18 Buy Edwin de la Harpe Hertzog Individual 09. Nov 18 09. Nov 18 100,000 €12.33 €1,232,597
X
Management checks
We assess Remgro'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. Remgro 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.

RE7 News

Simply Wall St News

RE7 Company Info

Description

Remgro Limited is a principal investment firm. The firm prefers to invest in financial services, food, liquor and home care, banking, insurance, industrial, healthcare, infrastructure, information technology infrastructure services, media, and sport. It considers investments in South African investments and other African and international countries though investee companies. The firm typically invests in companies with significant influence and board representation. It mainly focuses on the provision of support rather than on being involved in the day-to-day management of business units of investees. Remgro Limited was founded in 1948 and is based in Stellenbosch, South Africa.

Details
Name: Remgro Limited
RE7
Exchange: DB
Founded: 1948
ZAR5,834,995,981
562,537,088
Website: http://www.remgro.com
Address: Remgro Limited
Millennia Park,
16 Stellentia Avenue,
Stellenbosch,
Western Cape, 7600,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE REM Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 26. Sep 2000
OTCPK RMGO.F Ordinary Shares Pink Sheets LLC US USD 26. Sep 2000
DB RE7 Ordinary Shares Deutsche Boerse AG DE EUR 26. Sep 2000
Number of employees
Current staff
Staff numbers
0
Remgro employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 21:44
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/25
Last earnings filing: 2019/09/19
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


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.