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Primeserv Group

JSE:PMV
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PMV
JSE
ZAR53M
Market Cap
  1. Home
  2. ZA
  3. Commercial Services
Company description

Primeserv Group Limited, an investment holding company, provides integrated business support services in South Africa. The last earnings update was 134 days ago. More info.


Add to Portfolio Compare Print
  • Primeserv Group has significant price volatility in the past 3 months.
PMV Share Price and Events
7 Day Returns
0%
JSE:PMV
-4.8%
Global Professional Services
-5.2%
ZA Market
1 Year Returns
-7.7%
JSE:PMV
-12.7%
Global Professional Services
-33.8%
ZA Market
PMV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Primeserv Group (PMV) 0% -25% -27.7% -7.7% 33.3% 100%
Global Professional Services -4.8% -20.9% -23.4% -12.7% 6.7% 24.8%
ZA Market -5.2% -21.1% -29% -33.8% -28% -31.7%
1 Year Return vs Industry and Market
  • PMV outperformed the Professional Services industry which returned -12.7% over the past year.
  • PMV outperformed the Market in South Africa which returned -33.8% over the past year.
Price Volatility
PMV
Industry
5yr Volatility vs Market

PMV Value

 Is Primeserv Group 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 Primeserv Group 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 Primeserv Group.

JSE:PMV 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 16.3%
Perpetual Growth Rate 10-Year ZA Government Bond Rate 8.6%

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:PMV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ZA Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 8.2%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.777 (1 + (1- 28%) (24.08%))
0.941
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.941 * 8.23%)
16.34%

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

The calculations below outline how an intrinsic value for Primeserv Group 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:PMV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 16.34%)
2020 24.17 Est @ 28.42% 20.77
2021 29.60 Est @ 22.47% 21.87
2022 35.01 Est @ 18.31% 22.23
2023 40.41 Est @ 15.4% 22.05
2024 45.80 Est @ 13.36% 21.49
2025 51.27 Est @ 11.93% 20.67
2026 56.87 Est @ 10.93% 19.71
2027 62.69 Est @ 10.23% 18.68
2028 68.80 Est @ 9.74% 17.62
2029 75.27 Est @ 9.4% 16.57
Present value of next 10 years cash flows ZAR201.00
JSE:PMV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ZAR75.27 × (1 + 8.6%) ÷ (16.34% – 8.6%)
ZAR1,055.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR1,055.71 ÷ (1 + 16.34%)10
ZAR232.36
JSE:PMV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR201.00 + ZAR232.36
ZAR433.36
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR433.36 / 87.60
ZAR4.95
JSE:PMV Discount to Share Price
Calculation Result
Value per share (ZAR) From above. ZAR4.95
Current discount Discount to share price of ZAR0.60
= -1 x (ZAR0.60 - ZAR4.95) / ZAR4.95
87.9%

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

Current Discount
Amount off the current price Primeserv Group is available for.
Intrinsic value
>50%
Share price is ZAR0.6 vs Future cash flow value of ZAR4.95
Current Discount Checks
For Primeserv Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Primeserv Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Primeserv Group'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 Primeserv Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Primeserv Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:PMV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in ZAR ZAR0.27
JSE:PMV Share Price ** JSE (2020-04-02) in ZAR ZAR0.6
Global Professional Services Industry PE Ratio Median Figure of 302 Publicly-Listed Professional Services Companies 13.36x
South Africa Market PE Ratio Median Figure of 201 Publicly-Listed Companies 8.08x

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

** Primary Listing of Primeserv Group.

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

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

= 0.6 ÷ 0.27

2.23x

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

  • Primeserv Group is good value based on earnings compared to the Global Professional Services industry average.
  • Primeserv Group is good value based on earnings compared to the South Africa market.
Price based on expected Growth
Does Primeserv Group's expected growth come at a high price?
Raw Data
JSE:PMV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Professional Services Industry PEG Ratio Median Figure of 149 Publicly-Listed Professional Services Companies 1.12x
South Africa Market PEG Ratio Median Figure of 78 Publicly-Listed Companies 0.84x

*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 Primeserv Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Primeserv Group's assets?
Raw Data
JSE:PMV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in ZAR ZAR1.80
JSE:PMV Share Price * JSE (2020-04-02) in ZAR ZAR0.6
Global Professional Services Industry PB Ratio Median Figure of 408 Publicly-Listed Professional Services Companies 1.61x
South Africa Market PB Ratio Median Figure of 271 Publicly-Listed Companies 0.67x
JSE:PMV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.6 ÷ 1.80

0.33x

* Primary Listing of Primeserv Group.

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

  • Primeserv Group is good value based on assets compared to the Global Professional Services industry average.
X
Value checks
We assess Primeserv Group'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. Primeserv Group has a total score of 5/6, see the detailed checks below.

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

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

PMV Future Performance

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

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

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

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.9%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Primeserv Group expected to grow at an attractive rate?
  • Unable to compare Primeserv Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Primeserv Group's earnings growth to the South Africa market average as no estimate data is available.
  • Unable to compare Primeserv Group's revenue growth to the South Africa market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JSE:PMV Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
Global Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
South Africa Market Earnings Growth Rate Market Cap Weighted Average 16%
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:PMV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
JSE:PMV Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
JSE:PMV Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-09-30 823 22 24
2019-06-30 815 12 23
2019-03-31 807 1 23
2018-12-31 786 5 22
2018-09-30 764 10 21
2018-06-30 745 22 20
2018-03-31 725 35 20
2017-12-31 709 24 18
2017-09-30 693 13 17
2017-06-30 667 3 16
2017-03-31 642 -6 16
2016-12-31 612 7 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Primeserv Group is high growth as no earnings estimate data is available.
  • Unable to determine if Primeserv Group 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:PMV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

JSE:PMV Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
JSE:PMV Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-09-30 0.27
2019-06-30 0.26
2019-03-31 0.26
2018-12-31 0.24
2018-09-30 0.23
2018-06-30 0.22
2018-03-31 0.22
2017-12-31 0.20
2017-09-30 0.19
2017-06-30 0.18
2017-03-31 0.18
2016-12-31 0.16

*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.
  • Unable to establish if Primeserv Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Primeserv Group is trading at Primeserv Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Primeserv Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Primeserv Group'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.
Primeserv Group has a total score of 0/6, see the detailed checks below.

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

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

PMV Past Performance

  How has Primeserv Group 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 Primeserv Group'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.
  • Primeserv Group's year on year earnings growth rate has been positive over the past 5 years.
  • Primeserv Group's 1-year earnings growth is less than its 5-year average (13.8% vs 17.9%)
  • Primeserv Group's earnings growth has exceeded the Global Professional Services industry average in the past year (13.8% vs 11.7%).
Earnings and Revenue History
Primeserv Group'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 Primeserv Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:PMV Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 822.68 23.86 88.60
2019-06-30 814.71 23.42 89.04
2019-03-31 806.74 22.99 89.48
2018-12-31 785.55 21.98 86.49
2018-09-30 764.37 20.97 83.50
2018-06-30 744.83 20.25 84.66
2018-03-31 725.29 19.54 85.82
2017-12-31 709.03 18.17 86.72
2017-09-30 692.77 16.79 87.63
2017-06-30 667.44 16.40 84.19
2017-03-31 642.12 16.01 80.75
2016-12-31 612.07 14.92 81.88
2016-09-30 582.02 13.83 83.02
2016-06-30 577.20 13.35 86.35
2016-03-31 572.39 12.86 89.69
2015-12-31 590.91 13.40 117.16
2015-09-30 609.43 13.94 144.63
2015-06-30 630.20 12.93 122.40
2015-03-31 650.96 11.92 100.17
2014-09-30 646.49 6.46
2014-06-30 642.64 7.28
2014-03-31 638.79 8.10
2013-09-30 653.17 5.46
2013-06-30 662.98 5.24

*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.
  • Primeserv Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Primeserv Group used its assets more efficiently than the Global Professional Services industry average last year based on Return on Assets.
  • Primeserv Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Primeserv Group'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.
Primeserv Group has a total score of 4/6, 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.

PMV Health

 How is Primeserv Group'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 Primeserv Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Primeserv Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Primeserv Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Primeserv Group'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 46x 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 Primeserv Group Company Filings, last reported 6 months ago.

JSE:PMV Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 149.28 3.56 14.64
2019-06-30 149.28 3.56 14.64
2019-03-31 141.87 19.37 7.00
2018-12-31 141.87 19.37 7.00
2018-09-30 130.56 10.77 5.70
2018-06-30 130.56 10.77 5.70
2018-03-31 122.69 13.06 4.44
2017-12-31 122.69 13.06 4.44
2017-09-30 112.29 13.73 2.87
2017-06-30 112.29 13.73 2.87
2017-03-31 106.17 38.09 2.06
2016-12-31 106.17 38.09 2.06
2016-09-30 96.88 16.43 1.07
2016-06-30 96.88 16.43 1.07
2016-03-31 90.64 31.99 8.09
2015-12-31 90.64 31.99 8.09
2015-09-30 86.68 39.66 8.27
2015-06-30 86.68 39.66 8.27
2015-03-31 81.88 42.35 1.31
2014-09-30 73.56 56.23 1.19
2014-06-30 73.56 56.23 1.19
2014-03-31 70.74 49.07 1.09
2013-09-30 70.17 51.82 5.19
2013-06-30 70.17 51.82 5.19
  • Primeserv Group's level of debt (2.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (76.3% vs 2.4% today).
  • Debt is well covered by operating cash flow (624.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 43.6x coverage).
X
Financial health checks
We assess Primeserv Group'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. Primeserv Group has a total score of 6/6, 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.

PMV Dividends

 What is Primeserv Group'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
6.67%
Current annual income from Primeserv Group dividends.
If you bought ZAR2,000 of Primeserv Group shares you are expected to receive ZAR133 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?
  • Primeserv Group's pays a higher dividend yield than the bottom 25% of dividend payers in South Africa (4.65%).
  • Primeserv Group's dividend is below the markets top 25% of dividend payers in South Africa (13.76%).
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:PMV 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 233 Stocks 2.4%
South Africa Market Average Dividend Yield Market Cap Weighted Average of 170 Stocks 5.5%
South Africa Minimum Threshold Dividend Yield 10th Percentile 2.6%
South Africa Bottom 25% Dividend Yield 25th Percentile 4.6%
South Africa Top 25% Dividend Yield 75th Percentile 13.8%

Industry and Market average data is calculated daily.

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

JSE:PMV Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
JSE:PMV Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-11-21 0.040 5.172
2019-07-31 0.040 5.939
2019-06-14 0.040 6.287
2018-06-15 0.032 5.505
2017-11-22 0.030 5.083
2017-09-28 0.020 3.742
2017-06-23 0.020 3.251
2016-10-03 0.014 2.555
2016-06-27 0.014 2.667
2015-09-25 0.010 2.193
2015-06-26 0.010 1.996
2013-11-15 0.000 0.000
2013-10-15 0.000 0.000
2013-09-27 0.000 0.000
2013-06-21 0.000 0.000
2012-11-29 0.000 0.000
2012-10-01 0.000 0.000
2012-06-29 0.000 0.000
2011-09-27 0.030 6.646
2011-06-29 0.030 7.016
2010-03-15 0.030 7.976

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Primeserv Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Primeserv Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.6%) - 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 Primeserv Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Primeserv Group has a total score of 3/6, see the detailed checks below.


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

PMV Management

 What is the CEO of Primeserv Group'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
Merrick Abel
COMPENSATION ZAR5,953,000
AGE 60
CEO Bio

Mr. Merrick Abel, BA (Hons), MBA, founded Primeserv Group Limited in 1997 and serves as its Chief Executive Officer and served as its Acting Chairman until March 31, 2016. Mr. Abel served as an Executive Chairman of Primeserv Group Limited from 2000 to 2003. He has many years' local and international commercial experience, particularly in the industrial and services industries. He has been an Executive Director of Primeserv Group Limited since August 1997. He holds BA (Hons) and MBA.

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

Merrick Abel

TITLE
CEO & Executive Director
COMPENSATION
ZAR6M
AGE
60

Raphael Sack

TITLE
Financial Director & Executive Director
COMPENSATION
ZAR2M
AGE
50
TENURE
10.8 yrs

Des Seaton

TITLE
Group Legal & Risk Officer
COMPENSATION
ZAR118K
AGE
59

Marilis van Rensburg

TITLE
Company Secretary

James Fulton

TITLE
Executive Officer

Jeanette Van Greunen

TITLE
Executive Officer

C. Pedlar

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Primeserv Group board of directors in years:

10.8
Average Tenure
64
Average Age
  • The average tenure for the Primeserv Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

David Rose

TITLE
Chairman & Lead Independent Non-Executive Director
AGE
76
TENURE
0.9 yrs

Merrick Abel

TITLE
CEO & Executive Director
COMPENSATION
ZAR6M
AGE
60
TENURE
22.7 yrs

Raphael Sack

TITLE
Financial Director & Executive Director
COMPENSATION
ZAR2M
AGE
50
TENURE
10.8 yrs

Letepe Maisela

TITLE
Non-Executive Director
AGE
68
TENURE
11.3 yrs

Brenda Kali

TITLE
Independent Non-Executive Director
TENURE
1.1 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 Primeserv Group'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. Primeserv Group 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.

PMV News

Simply Wall St News

PMV Company Info

Description

Primeserv Group Limited, an investment holding company, provides integrated business support services in South Africa. It operates through two segments, Staffing Services, and Training and Consulting Services. The company offers staffing services, such as permanent recruitment, temporary recruitment, temporary employment, payroll, functional outsourcing, business process outsourcing, time and attendance system, customized management information reporting, HR and IR, mega-project, wellness programs, and lifestyle and employee benefit services, as well as productivity services and solutions. It also provides training and consulting services that include technical training, corporate training, and human capital consulting services. In addition, the company offers accredited training and skills development, and learnership services, as well as operates skills training centers. It serves a range of industries and sectors, including agriculture, automotive, banking, building and construction, design and draughting, drivers and transportation, engineering and fabrication, facilities management, financial and insurance, food production, FMCG, government services, harbors and railways, hospital, nursing, medical, logistics and distribution centers, mechanical, merchandising, mining, paper and pulp, petrochemical, pharmaceutical, power generation, retail and wholesale, secretarial and office support, tourism and hospitality, telecoms, telemarketing and call centers, warehousing, and waste management. The company is headquartered in Sandton, South Africa.

Details
Name: Primeserv Group Limited
PMV
Exchange: JSE
Founded:
ZAR52,557,000
87,595,000
Website: http://www.primeserv.co.za
Address: Primeserv Group Limited
25 Rudd Road,
Illovo,
Sandton,
Gauteng, 2196,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE PMV Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 11. May 1998
Number of employees
Current staff
Staff numbers
0
Primeserv Group employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 18:43
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/11/21
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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

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