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Capitec Bank Holdings

JSE:CPIP
Snowflake Description

Exceptional growth potential with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CPIP
JSE
ZAR167B
Market Cap
  1. Home
  2. ZA
  3. Banks
Company description

Capitec Bank Holdings Limited, through its subsidiaries, provides various retail banking products and services in South Africa. The last earnings update was 50 days ago. More info.


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CPIP Share Price and Events
7 Day Returns
0%
JSE:CPIP
-1.8%
ZA Banks
-1%
ZA Market
1 Year Returns
9.9%
JSE:CPIP
6.6%
ZA Banks
-2%
ZA Market
CPIP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capitec Bank Holdings (CPIP) 0% 1.4% 6% 9.9% 12.3% 24.3%
ZA Banks -1.8% 0.9% 9.7% 6.6% 26.3% 34.8%
ZA Market -1% 1.7% -1% -2% 3.2% 2.4%
1 Year Return vs Industry and Market
  • CPIP outperformed the Banks industry which returned 6.6% over the past year.
  • CPIP outperformed the Market in South Africa which returned -2% over the past year.
Price Volatility
CPIP
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Capitec Bank Holdings's competitors could be found in our database.

Value

 Is Capitec Bank 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 Capitec Bank 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 Capitec Bank Holdings.

JSE:CPIP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= ZAR267.60 * 27.7%
ZAR74.08
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. ZAR267.60
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year ZA Government Bond Rate 2.7%

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 JSE:CPIP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ZA Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.615 (1 + (1- 28%) (4.01%))
1.266
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.266 * 5.96%)
10.28%

Discounted Cash Flow Calculation for JSE:CPIP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Capitec Bank Holdings 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.

JSE:CPIP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (27.7% – 10.28%) * ZAR267.60)
ZAR46.58
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ZAR46.58 / (10.28% - 2.73%)
ZAR617.12
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ZAR267.60 + ZAR617.12
ZAR884.71
JSE:CPIP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in JSE:CPIP represents 0.0724x of JSE:CPI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0724x
Value per Share
(Listing Adjusted, ZAR)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 884.71 x 0.0724
ZAR64.05
Value per share (ZAR) From above. ZAR64.05
Current discount Discount to share price of ZAR104.40
= -1 x (ZAR104.40 - ZAR64.05) / ZAR64.05
-63%

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

  • The current share price of Capitec Bank Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Capitec Bank Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capitec Bank Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:CPIP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in ZAR ZAR49.98
JSE:CPI Share Price ** JSE (2019-11-14) in ZAR ZAR1442.05
South Africa Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 8.91x
South Africa Market PE Ratio Median Figure of 207 Publicly-Listed Companies 10.74x

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

** Primary Listing of Capitec Bank Holdings.

JSE:CPIP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1442.05 ÷ 49.98

28.85x

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

  • Capitec Bank Holdings is overvalued based on earnings compared to the ZA Banks industry average.
  • Capitec Bank Holdings is overvalued based on earnings compared to the South Africa market.
Price based on expected Growth
Does Capitec Bank Holdings's expected growth come at a high price?
Raw Data
JSE:CPIP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
20.2%per year
Africa Banks Industry PEG Ratio Median Figure of 38 Publicly-Listed Banks Companies 0.55x
South Africa Market PEG Ratio Median Figure of 75 Publicly-Listed Companies 1.11x

*Line of best fit is calculated by linear regression .

JSE:CPIP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.85x ÷ 20.2%

1.43x

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

  • Capitec Bank Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Capitec Bank Holdings's assets?
Raw Data
JSE:CPIP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in ZAR ZAR199.79
JSE:CPI Share Price * JSE (2019-11-14) in ZAR ZAR1442.05
South Africa Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 1.26x
South Africa Market PB Ratio Median Figure of 267 Publicly-Listed Companies 0.89x
JSE:CPIP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1442.05 ÷ 199.79

7.22x

* Primary Listing of Capitec Bank Holdings.

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

  • Capitec Bank Holdings is overvalued based on assets compared to the ZA Banks industry average.
X
Value checks
We assess Capitec Bank 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 Banks 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 Banks industry average (and greater than 0)? (1 check)
  5. Capitec Bank Holdings has a total score of 0/6, 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.

Future Performance

 How is Capitec Bank Holdings expected to perform in the next 1 to 3 years based on estimates from 8 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
20.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capitec Bank Holdings expected to grow at an attractive rate?
  • Capitec Bank Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Capitec Bank Holdings's earnings growth is expected to exceed the South Africa market average.
  • Capitec Bank Holdings's revenue growth is expected to exceed the South Africa market average.
Annual Growth Rates Comparison
Raw Data
JSE:CPIP Future Growth Rates Data Sources
Data Point Source Value (per year)
JSE:CPIP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 20.2%
JSE:CPIP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 20.6%
South Africa Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
Africa Banks Industry Revenue Growth Rate Market Cap Weighted Average 10.4%
South Africa Market Earnings Growth Rate Market Cap Weighted Average 16.8%
South Africa Market Revenue Growth Rate Market Cap Weighted Average 8.4%

*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
JSE:CPIP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
JSE:CPIP Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-02-28 29,377 9,460 5
2021-02-28 25,047 7,759 5
2020-02-29 20,974 6,387 3
2019-11-15
JSE:CPIP Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-08-31 15,656 3,278 5,779
2019-05-31 15,108 1,903 5,532
2019-02-28 14,560 529 5,285
2018-11-30 13,919 2,072 5,075
2018-08-31 13,278 3,616 4,865
2018-05-31 12,896 3,240 4,661
2018-02-28 12,513 2,865 4,458
2017-11-30 12,050 3,064 4,272
2017-08-31 11,586 3,263 4,086
2017-05-31 11,133 1,851 3,938
2017-02-28 10,679 440 3,790
2016-11-30 10,223 829 3,643

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capitec Bank Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Capitec Bank Holdings's revenue is expected to grow significantly at over 20% yearly.
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
JSE:CPIP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Capitec Bank Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:CPIP Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-02-28 82.74 84.82 80.95 3.00
2021-02-28 67.37 68.92 65.63 4.00
2020-02-29 55.26 55.74 54.97 3.00
2019-11-15
JSE:CPIP Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-08-31 49.98
2019-05-31 47.84
2019-02-28 45.71
2018-11-30 43.89
2018-08-31 42.08
2018-05-31 40.31
2018-02-28 38.55
2017-11-30 36.95
2017-08-31 35.34
2017-05-31 34.06
2017-02-28 32.78
2016-11-30 31.51

*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.
  • Capitec Bank Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Capitec Bank 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 South Africa market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Africa 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.
Capitec Bank Holdings has a total score of 6/6, 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.

Past Performance

  How has Capitec Bank 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 Capitec Bank Holdings's growth in the last year to its industry (Banks).
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.
  • Capitec Bank Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Capitec Bank Holdings's 1-year earnings growth exceeds its 5-year average (18.8% vs 17.7%)
  • Capitec Bank Holdings's earnings growth has exceeded the ZA Banks industry average in the past year (18.8% vs 4.7%).
Earnings and Revenue History
Capitec Bank 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 Capitec Bank Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:CPIP Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 15,655.53 5,778.77 6,076.84
2019-05-31 15,107.53 5,531.77 5,977.34
2019-02-28 14,559.53 5,284.77 5,877.84
2018-11-30 13,918.82 5,074.86 5,492.99
2018-08-31 13,278.11 4,864.96 5,108.15
2018-05-31 12,895.61 4,661.46 5,108.15
2018-02-28 12,513.11 4,457.96 5,108.15
2017-11-30 12,049.72 4,272.19 2,554.08
2017-08-31 11,586.33 4,086.42
2017-05-31 11,132.83 3,938.42
2017-02-28 10,679.33 3,790.42
2016-11-30 10,223.27 3,643.36
2016-08-31 9,767.22 3,496.30
2016-05-31 9,415.22 3,354.80
2016-02-29 9,063.22 3,213.30
2015-11-30 8,735.70 3,028.70
2015-08-31 8,408.18 2,844.11
2015-05-31 7,999.18 2,695.61
2015-02-28 7,590.18 2,547.11
2014-11-30 7,113.20 2,382.33
2014-08-31 6,636.22 2,217.56
2014-05-31 6,354.45 2,117.35
2014-02-28 6,072.68 2,017.13
2013-11-30 5,913.77 1,935.70
2013-08-31 5,754.86 1,854.27
2013-05-31 5,524.30 1,719.03
2013-02-28 5,293.74 1,583.80
2012-11-30 4,985.57 1,435.44

*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.
  • Capitec Bank Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Capitec Bank Holdings used its assets more efficiently than the ZA Banks industry average last year based on Return on Assets.
  • Unable to establish if Capitec Bank Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Capitec Bank 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 Banks 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.
Capitec Bank Holdings has a total score of 5/6, 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.

Health

 How is Capitec Bank Holdings's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Capitec Bank 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.
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 Capitec Bank Holdings Company Filings, last reported 2 months ago.

JSE:CPIP Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 23,176.00 3,983.00 42,761.00
2019-05-31 23,176.00 3,983.00 42,761.00
2019-02-28 21,675.80 5,093.03 34,286.68
2018-11-30 21,675.80 5,093.03 34,286.68
2018-08-31 19,620.00 5,780.00 34,088.00
2018-05-31 19,620.00 5,780.00 34,088.00
2018-02-28 18,891.68 6,260.30 26,460.78
2017-11-30 18,891.68 6,260.30 26,460.78
2017-08-31 17,130.00 74.00 29,560.00
2017-05-31 17,130.00 74.00 29,560.00
2017-02-28 16,118.01 7,588.65 24,405.23
2016-11-30 16,118.01 7,588.65 24,405.23
2016-08-31 14,619.00 51,384.00 22,265.00
2016-05-31 14,619.00 51,384.00 22,265.00
2016-02-29 13,659.07 10,153.29 20,531.52
2015-11-30 13,659.07 10,153.29 20,531.52
2015-08-31 12,377.00 45,042.00 18,846.00
2015-05-31 12,377.00 45,042.00 18,846.00
2015-02-28 11,563.74 11,174.67 16,357.08
2014-11-30 11,563.74 11,174.67 16,357.08
2014-08-31 10,432.00 38,333.84 13,857.74
2014-05-31 10,432.00 38,333.84 13,857.74
2014-02-28 9,982.11 11,848.52 8,961.79
2013-11-30 9,982.11 11,848.52 8,961.79
2013-08-31 9,149.01 32,979.45 8,752.71
2013-05-31 9,149.01 32,979.45 8,752.71
2013-02-28 8,512.99 10,155.29 5,799.84
2012-11-30 8,512.99 10,155.29 5,799.84
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Capitec Bank Holdings has an acceptable proportion of non-loan assets held.
  • Capitec Bank Holdings's liabilities are made up of primarily low risk sources of funding.
  • Loans at Capitec Bank Holdings are broadly funded by customer deposits.
  • Capitec Bank Holdings's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Capitec Bank Holdings has a sufficient allowance for bad loans.
  • Capitec Bank Holdings has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Capitec Bank 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. Capitec Bank 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.

Dividends

 What is Capitec Bank 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
1.21%
Current annual income from Capitec Bank Holdings dividends. Estimated to be 1.79% next year.
If you bought ZAR2,000 of Capitec Bank Holdings shares you are expected to receive ZAR24 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?
  • Capitec Bank Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in South Africa (3.3%).
  • Capitec Bank Holdings's dividend is below the markets top 25% of dividend payers in South Africa (8.76%).
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
JSE:CPIP 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 8 Analyst Estimates (S&P Global) See Below
South Africa Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.9%
South Africa Market Average Dividend Yield Market Cap Weighted Average of 179 Stocks 4%
South Africa Minimum Threshold Dividend Yield 10th Percentile 1.9%
South Africa Bottom 25% Dividend Yield 25th Percentile 3.3%
South Africa Top 25% Dividend Yield 75th Percentile 8.8%

Industry and Market average data is calculated daily.

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

JSE:CPIP Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2022-02-28 31.00 8.00
2021-02-28 25.74 9.00
2020-02-29 21.20 9.00
2019-11-15
JSE:CPIP Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-04-17 17.500 1.377
2019-03-28 17.500 1.272
2018-04-23 14.700 1.456
2018-03-28 14.700 1.710
2017-03-28 12.500 1.437
2017-03-27 12.500 1.560
2016-04-14 10.550 1.647
2016-04-13 10.550 1.729
2016-03-30 10.550 1.796
2015-06-01 8.360 1.650
2015-03-24 8.360 1.569
2014-09-02 8.410 2.720
2014-03-26 6.630 3.007
2014-03-24 6.630 3.541
2013-03-27 5.740 2.917
2012-09-26 4.690 2.383
2012-05-03 4.250 1.968
2012-03-28 4.250 1.991
2011-05-12 2.900 1.577
2010-03-31 2.100 1.555
2010-03-30 2.100 2.246
2009-07-17 1.400 2.125
2009-04-01 1.400 3.492

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

  • Capitec Bank Holdings is not paying a notable dividend for South Africa, therefore no need to check if the payments are stable.
  • Capitec Bank Holdings is not paying a notable dividend for South Africa, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Capitec Bank Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Capitec Bank Holdings's dividends as it is not paying a notable one for South Africa.
Future Payout to shareholders
  • No need to calculate the sustainability of Capitec Bank Holdings's dividends in 3 years as they are not expected to pay a notable one for South Africa.
X
Income/ dividend checks
We assess Capitec Bank Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 Capitec Bank Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capitec Bank Holdings has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Capitec Bank 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
Gerrie Fourie
COMPENSATION ZAR56,644,000
AGE 55
TENURE AS CEO 5.8 years
CEO Bio

Mr. Gerhardus Metselaar Fourie, also known as Gerrie, B Comm (Hons), MBA has been Chief Executive Officer of Capitec Bank Limited and Capitec Bank Holdings Limited since January 1, 2014. Mr. Fourie served as Executive of Operations at Capitec Bank Holdings Ltd., and Head of Operations at Capitec Bank Limited since 2000. Mr. Fourie served as Chief Executive of Operation and Sales of Capitec Bank Limited and Capitec Bank Holdings Limited. He was Area General Manager of Stellenbosch Farmers’ Winery from 1997 to 2000, focusing on distribution and sales. He also served the area general manager of KwaZulu-Natal and later Gauteng. He has been Executive Director of Capitec Bank Holdings Limited and Capitec Bank Limited since September 20, 2013. He serves on the Mastercard MEA advisory board.

CEO Compensation
  • Gerrie's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gerrie's remuneration is lower than average for companies of similar size in South Africa.
Management Team Tenure

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

5.8
Average Tenure
52
Average Age
  • The average tenure for the Capitec Bank Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gerrie Fourie

TITLE
CEO & Executive Director
COMPENSATION
ZAR57M
AGE
55
TENURE
5.8 yrs

André du Plessis

TITLE
CFO & Executive Director
COMPENSATION
ZAR42M
AGE
57
TENURE
17.5 yrs

Chris Otto

TITLE
Non-Executive Director
COMPENSATION
ZAR670K
AGE
69

Nkosana Mashiya

TITLE
CRO & Executive Director
COMPENSATION
ZAR11M
AGE
43

Henk Lourens

TITLE
Executive of Operations & Sales and Member of Executive Management Committee
AGE
53
TENURE
5.8 yrs

Jan-Hendrik de Beer

TITLE
Compliance & Anti-Money Laundering Head

Francois Viviers

TITLE
Executive of Marketing & Communications and Member of Executive Management Committee
AGE
36
TENURE
3.4 yrs

Nathan Stephen Motjuwadi

TITLE
Executive of Human Resources & Member of Executive Management Committee
AGE
52

Jaco Carstens

TITLE
Chief Credit Officer & Member of Executive Management Committee
AGE
51
TENURE
15.8 yrs

Wim de Bruyn

TITLE
Executive of Information Technology & Member of Executive Management Committee
AGE
48
Board of Directors Tenure

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

6.2
Average Tenure
56
Average Age
  • The tenure for the Capitec Bank Holdings board of directors is about average.
Board of Directors

Santie Botha

TITLE
Chairman of the Board
AGE
54
TENURE
0.4 yrs

Gerrie Fourie

TITLE
CEO & Executive Director
COMPENSATION
ZAR57M
AGE
55
TENURE
6.2 yrs

André du Plessis

TITLE
CFO & Executive Director
COMPENSATION
ZAR42M
AGE
57
TENURE
17.5 yrs

Chris Otto

TITLE
Non-Executive Director
COMPENSATION
ZAR670K
AGE
69
TENURE
19.6 yrs

Nkosana Mashiya

TITLE
CRO & Executive Director
COMPENSATION
ZAR11M
AGE
43
TENURE
3.4 yrs

Piet Mouton

TITLE
Non Executive Director
COMPENSATION
ZAR480K
AGE
43
TENURE
12.1 yrs

Jock McKenzie

TITLE
Lead Independent Non-Executive Director
COMPENSATION
ZAR670K
AGE
72

Jean Verster

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR610K
AGE
38
TENURE
4.7 yrs

Danie Meintjes

TITLE
Independent Non-Executive Director
AGE
63
TENURE
1 yrs

Michiel du Pré le Roux

TITLE
Non-Executive Director
COMPENSATION
ZAR300K
AGE
69
TENURE
18.7 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 (ZAR) Value (ZAR)
X
Management checks
We assess Capitec Bank 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. Capitec Bank 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.

News

Simply Wall St News

Company Info

Description

Capitec Bank Holdings Limited, through its subsidiaries, provides various retail banking products and services in South Africa. The company offers various deposits products, including transaction and savings accounts; and credit facilities, credit cards, home loans, and personal term loans. It also provides point-of-sale payment solutions, salary transfer, workplace banking, Internet banking, and mobile banking services. As of February 2019, it operated approximately 840 branches and 5,011 ATMs. Capitec Bank Holdings Limited was incorporated in 1999 and is based in Stellenbosch, South Africa.

Details
Name: Capitec Bank Holdings Limited
CPIP
Exchange: JSE
Founded: 1999
ZAR166,739,902,371
115,626,991
Website: http://www.capitecbank.co.za
Address: Capitec Bank Holdings Limited
1 Quantum Street,
Techno Park,
Stellenbosch,
Western Cape, 7600,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE CPI Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 18. Feb 2002
OTCPK CKHG.Y ADR Pink Sheets LLC US USD 07. Oct 2009
JSE CPIP ZAR0.01 NON CUM NON RED PREF The Johannesburg Securities Exchange ZA ZAR 04. Sep 2006
Number of employees
Current staff
Staff numbers
13,923
Capitec Bank Holdings employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 16:38
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/07
Last earnings filing: 2019/09/26
Last earnings reported: 2019/08/31
Last annual earnings reported: 2019/02/28


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.