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CSG Holdings

JSE:CSG
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CSG
JSE
ZAR198M
Market Cap
  1. Home
  2. ZA
  3. Commercial Services
Company description

CSG Holdings Limited, together with its subsidiaries, provides facilities management, security and risk solutions, and staffing solutions primarily in South Africa, Mozambique, Malawi, and Namibia. The last earnings update was 125 days ago. More info.


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  • CSG Holdings has significant price volatility in the past 3 months.
CSG Share Price and Events
7 Day Returns
0%
JSE:CSG
-0.3%
Global Professional Services
1%
ZA Market
1 Year Returns
-64.8%
JSE:CSG
16.4%
Global Professional Services
-3.9%
ZA Market
CSG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CSG Holdings (CSG) 0% 0% -36.7% -64.8% -72.9% -83.1%
Global Professional Services -0.3% -0.3% -0.4% 16.4% 39.8% 61.5%
ZA Market 1% 1.2% -3.3% -3.9% 5% 0.3%
1 Year Return vs Industry and Market
  • CSG underperformed the Professional Services industry which returned 16.4% over the past year.
  • CSG underperformed the Market in South Africa which returned -3.9% over the past year.
Price Volatility
CSG
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is CSG 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 CSG 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 CSG Holdings.

JSE:CSG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.8%
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:CSG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ZA Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.828 (1 + (1- 28%) (118.72%))
1.36
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.36 * 5.96%)
10.83%

Discounted Cash Flow Calculation for JSE:CSG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CSG Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

JSE:CSG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 10.83%)
2020 7.39 Est @ -13.45% 6.67
2021 6.75 Est @ -8.59% 5.50
2022 6.40 Est @ -5.2% 4.70
2023 6.22 Est @ -2.82% 4.12
2024 6.15 Est @ -1.15% 3.68
2025 6.15 Est @ 0.01% 3.32
2026 6.20 Est @ 0.83% 3.02
2027 6.29 Est @ 1.4% 2.76
2028 6.40 Est @ 1.8% 2.54
2029 6.53 Est @ 2.08% 2.34
Present value of next 10 years cash flows ZAR38.00
JSE:CSG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ZAR6.53 × (1 + 2.73%) ÷ (10.83% – 2.73%)
ZAR82.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR82.83 ÷ (1 + 10.83%)10
ZAR29.62
JSE:CSG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR38.00 + ZAR29.62
ZAR67.62
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR67.62 / 520.42
ZAR0.13
JSE:CSG Discount to Share Price
Calculation Result
Value per share (ZAR) From above. ZAR0.13
Current discount Discount to share price of ZAR0.38
= -1 x (ZAR0.38 - ZAR0.13) / ZAR0.13
-192.5%

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

  • The current share price of CSG 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 CSG Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CSG Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:CSG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in ZAR ZAR-0.28
JSE:CSG Share Price ** JSE (2019-11-08) in ZAR ZAR0.38
Global Professional Services Industry PE Ratio Median Figure of 237 Publicly-Listed Professional Services Companies 19.43x
South Africa Market PE Ratio Median Figure of 207 Publicly-Listed Companies 10.88x

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

** Primary Listing of CSG Holdings.

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

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

= 0.38 ÷ -0.28

-1.36x

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

  • CSG Holdings is loss making, we can't compare its value to the Global Professional Services industry average.
  • CSG Holdings is loss making, we can't compare the value of its earnings to the South Africa market.
Price based on expected Growth
Does CSG Holdings's expected growth come at a high price?
Raw Data
JSE:CSG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
37%per year
Global Professional Services Industry PEG Ratio Median Figure of 116 Publicly-Listed Professional Services Companies 1.32x
South Africa Market PEG Ratio Median Figure of 75 Publicly-Listed Companies 1.11x

*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 CSG Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CSG Holdings's assets?
Raw Data
JSE:CSG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in ZAR ZAR0.87
JSE:CSG Share Price * JSE (2019-11-08) in ZAR ZAR0.38
Global Professional Services Industry PB Ratio Median Figure of 332 Publicly-Listed Professional Services Companies 2.07x
South Africa Market PB Ratio Median Figure of 267 Publicly-Listed Companies 0.91x
JSE:CSG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.38 ÷ 0.87

0.44x

* Primary Listing of CSG Holdings.

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

  • CSG Holdings is good value based on assets compared to the Global Professional Services industry average.
X
Value checks
We assess CSG 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 Professional 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 Professional Services industry average (and greater than 0)? (1 check)
  5. CSG Holdings has a total score of 1/6, 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 CSG Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover CSG Holdings, future earnings growth has been estimated based on fundamentals.
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
37%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CSG Holdings expected to grow at an attractive rate?
  • CSG Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CSG Holdings's earnings growth is expected to exceed the South Africa market average.
  • Unable to compare CSG Holdings's revenue growth to the South Africa market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JSE:CSG Future Growth Rates Data Sources
Data Point Source Value (per year)
JSE:CSG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 37%
Global Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 22.5%
Global Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 6%
South Africa Market Earnings Growth Rate Market Cap Weighted Average 16.3%
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:CSG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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.
JSE:CSG Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-03-31 2,157 48 -145
2018-09-30 2,216 84 102
2018-06-30 2,175 112 107
2018-03-31 2,116 140 111
2017-12-31 2,049 99 107
2017-09-30 1,964 57 103
2017-06-30 1,855 58 95
2017-03-31 1,747 59 87
2016-12-31 1,634 73 85
2016-09-30 1,522 86 84
2016-06-30 1,397 64 84

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CSG Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if CSG 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
JSE:CSG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CSG Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:CSG Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-03-31 -0.28
2018-09-30 0.20
2018-06-30 0.21
2018-03-31 0.22
2017-12-31 0.22
2017-09-30 0.21
2017-06-30 0.20
2017-03-31 0.19
2016-12-31 0.20
2016-09-30 0.20
2016-06-30 0.20

*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 CSG Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CSG 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 Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global 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.
CSG Holdings 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.

Past Performance

  How has CSG 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 CSG Holdings's growth in the last year to its industry (Professional 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.
  • CSG Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare CSG Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare CSG Holdings's 1-year growth to the Global Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
CSG 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 CSG Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:CSG Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,157.07 -144.92 266.81
2018-09-30 2,215.85 101.79 234.82
2018-06-30 2,175.23 106.67 229.69
2018-03-31 2,116.00 111.12 224.57
2017-12-31 2,049.38 107.11 214.60
2017-09-30 1,964.15 102.67 204.63
2017-06-30 1,855.39 94.73 188.20
2017-03-31 1,746.63 86.79 171.76
2016-12-31 1,634.12 85.40 165.55
2016-09-30 1,521.61 84.01 159.34
2016-06-30 1,396.84 83.77 132.57
2016-03-31 1,272.06 83.54 105.80
2015-12-31 1,252.36 81.40 94.22
2015-09-30 1,232.65 79.26 82.64
2015-06-30 1,259.65 76.40 80.39
2015-03-31 1,286.66 73.55 78.14
2014-12-31 1,515.78 74.20 123.98
2014-03-31 978.35 35.58 80.81
2013-02-28 737.92 25.33 67.24

*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 CSG Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if CSG Holdings has efficiently used its assets last year compared to the Global Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if CSG Holdings 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 CSG 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 Professional 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.
CSG Holdings 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.

Health

 How is CSG 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 CSG Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CSG Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CSG Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CSG 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.1x 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 CSG Holdings Company Filings, last reported 7 months ago.

JSE:CSG Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 466.66 66.58 57.18
2018-09-30 671.09 47.39 43.07
2018-06-30 671.09 47.39 43.07
2018-03-31 641.46 12.39 54.73
2017-12-31 641.46 12.39 63.62
2017-09-30 584.86 24.54 40.48
2017-06-30 584.86 24.54 40.48
2017-03-31 528.08 31.22 59.91
2016-12-31 528.08 31.22 59.91
2016-09-30 429.12 7.64 98.32
2016-06-30 429.12 7.64 98.32
2016-03-31 345.99 1.11 46.10
2015-12-31 345.99 1.11 46.10
2015-09-30 341.54 7.91 68.21
2015-06-30 341.54 7.91 68.21
2015-03-31 317.31 6.92 88.62
2014-12-31 317.31 6.92 88.62
2014-03-31 261.48 9.74 35.50
2013-02-28 85.11 27.17 18.86
  • CSG Holdings's level of debt (14.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.7% vs 14.3% today).
  • Debt is well covered by operating cash flow (71.8%, greater than 20% of total debt).
  • CSG Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess CSG 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. CSG Holdings 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.

Dividends

 What is CSG 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
0%
Current annual income from CSG Holdings dividends.
If you bought ZAR2,000 of CSG Holdings shares you are expected to receive ZAR0 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?
  • Unable to evaluate CSG Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CSG Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:CSG 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
Global Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 172 Stocks 2.1%
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 3.2%
South Africa Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

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

JSE:CSG Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-07-09 0.000 0.000
2019-07-01 0.000 0.000
2018-07-31 0.050 5.725
2018-05-31 0.050 3.785
2017-08-30 0.050 4.310
2017-05-31 0.050 4.101
2016-08-31 0.050 3.709
2016-06-01 0.050 3.653
2015-09-07 0.045 3.174
2015-06-01 0.045 2.696
2014-10-17 0.040 2.081

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

  • Unable to perform a dividend volatility check as CSG Holdings has not reported any payouts.
  • Unable to verify if CSG Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CSG Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CSG Holdings has not reported any payouts.
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 CSG 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 CSG Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CSG 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 CSG 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
Pieter Dry
COMPENSATION ZAR4,376,000
AGE 56
TENURE AS CEO 6 years
CEO Bio

Mr. Petrus Johannes Jacobus Dry, also known as Pieter, BCom Hons (Accounting), MCom (Taxation), has been Group Chief Executive Officer and Executive Director at CSG Holdings Ltd. since November 27, 2013. Mr. Dry served as Chief Executive Officer of M&S Holdings Limited since November 27, 2013. Mr. Dry served four years at the Department of Finance - South African Revenue Services. Following his time at SARS, he practiced as a registered auditor from 1992 to 2000. He served as a Director of M&S Holdings Limited since November 27, 2013. He was involved in the establishment of the BDM Group in 2001. Mr. Dry is qualified as a Chartered Accountant in 1987 and holds a Masters' degree in Taxation which he obtained from the University of Pretoria.

CEO Compensation
  • Pieter's compensation has increased whilst company is loss making.
  • Pieter's remuneration is about average for companies of similar size in South Africa.
Management Team Tenure

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

6
Average Tenure
53
Average Age
  • The average tenure for the CSG Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Pieter Dry

TITLE
Group CEO & Executive Director
COMPENSATION
ZAR4M
AGE
56
TENURE
6 yrs

Willie Scott

TITLE
CFO & Executive Director
COMPENSATION
ZAR4M
AGE
41
TENURE
4.7 yrs

Kobus Nieuwoudt

TITLE
COO & Executive Director
COMPENSATION
ZAR4M
AGE
56
TENURE
6 yrs

Danie Engelbrecht

TITLE
Chief Executive Officer of Significant Site Services
COMPENSATION
ZAR2M
AGE
53

Mark Hattingh

TITLE
Company Secretary
AGE
47
TENURE
13.2 yrs

S. McLaren

TITLE
Executive Officer
COMPENSATION
ZAR450K

A. Greef

TITLE
Executive Officer
COMPENSATION
ZAR270K

K Lombard

TITLE
Executive Officer
COMPENSATION
ZAR1M
Board of Directors Tenure

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

5.3
Average Tenure
53.5
Average Age
  • The tenure for the CSG Holdings board of directors is about average.
Board of Directors

Bulelani Ngcuka

TITLE
Non-Executive Chairman
COMPENSATION
ZAR372K
AGE
65
TENURE
13.2 yrs

Pieter Dry

TITLE
Group CEO & Executive Director
COMPENSATION
ZAR4M
AGE
56
TENURE
6 yrs

Willie Scott

TITLE
CFO & Executive Director
COMPENSATION
ZAR4M
AGE
41
TENURE
4.7 yrs

Kobus Nieuwoudt

TITLE
COO & Executive Director
COMPENSATION
ZAR4M
AGE
56
TENURE
6 yrs

Nona Sonjani

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR225K
AGE
52
TENURE
8.2 yrs

Rojie Kisten

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR225K
AGE
54
TENURE
3.1 yrs

Mathukana Mokoka

TITLE
Lead Independent Non-Executive Director
COMPENSATION
ZAR317K
AGE
53
TENURE
4.5 yrs

Nathan-Lee Ramages

TITLE
Non-Executive Director
COMPENSATION
ZAR116K
AGE
31
TENURE
1.3 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 (ZAR) Value (ZAR)
19. Mar 19 Buy Petrus Johannes Dry Individual 15. Mar 19 15. Mar 19 3,000 ZAR0.70 ZAR2,100
29. Nov 18 Sell Bulelani Ngcuka Individual 28. Nov 18 28. Nov 18 -314,583 ZAR1.22 ZAR-377,592
X
Management checks
We assess CSG 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. CSG 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

CSG Holdings Limited, together with its subsidiaries, provides facilities management, security and risk solutions, and staffing solutions primarily in South Africa, Mozambique, Malawi, and Namibia. It offers temporary outsourced personnel, permanent placements, timekeeping, payroll, human resource, and industrial relations services. The company also manages restaurant staff members, as well as supplies meals to students, patients in hospitals, corporate head offices, and mine and construction sites; and specialized cleaning services to the hospitality, healthcare, and commercial industries. In addition, it offers remote site accommodation (village) construction, operation, and management services, as well as installations and maintenance services for conveyor systems; and contract catering and events management services. Further, the company provides integrated security and safety surveillance and access control services to residential and commercial clients. Additionally, it offers training and skills development services; cleaning and mining services to the mining and construction industry; and financing and related services, as well as operates as a franchisor to security companies. CSG Holdings Limited was incorporated in 2006 and is headquartered in Pretoria, South Africa.

Details
Name: CSG Holdings Limited
CSG
Exchange: JSE
Founded: 2006
ZAR197,757,888
520,415,496
Website: http://www.csgholdings.co.za
Address: CSG Holdings Limited
Equity Park,
Block A,
Pretoria,
Gauteng, 0181,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE CSG New Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 28. Nov 2013
Number of employees
Current staff
Staff numbers
9,583
CSG Holdings employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/11 16:37
End of day share price update: 2019/11/08 00:00
Last earnings filing: 2019/07/09
Last earnings reported: 2019/03/31
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.