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Clicks Group

JSE:CLS
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLS
JSE
ZAR64B
Market Cap
  1. Home
  2. ZA
  3. Consumer Retailing
Company description

Clicks Group Limited engages in the retail of health, beauty, and homeware products primarily in South Africa. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Clicks Group has significant price volatility in the past 3 months.
CLS Share Price and Events
7 Day Returns
2.4%
JSE:CLS
-0.9%
ZA Consumer Retailing
-1%
ZA Market
1 Year Returns
36.1%
JSE:CLS
-3%
ZA Consumer Retailing
-2%
ZA Market
CLS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Clicks Group (CLS) 2.4% 0.3% 32.6% 36.1% 120.8% 228.9%
ZA Consumer Retailing -0.9% 4.5% 12.8% -3% 10.2% 14.5%
ZA Market -1% 1.7% -1% -2% 3.2% 2.4%
1 Year Return vs Industry and Market
  • CLS outperformed the Consumer Retailing industry which returned -3% over the past year.
  • CLS outperformed the Market in South Africa which returned -2% over the past year.
Price Volatility
CLS
Industry
5yr Volatility vs Market
Related Companies

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

CLS Value

 Is Clicks 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 Clicks 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 Clicks Group.

JSE:CLS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
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:CLS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ZA Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.487 (1 + (1- 28%) (0%))
0.656
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

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

The calculations below outline how an intrinsic value for Clicks 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:CLS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 7.5%)
2020 2,123.00 Analyst x1 1,974.92
2021 2,148.50 Analyst x2 1,859.24
2022 2,854.00 Analyst x1 2,297.49
2023 3,045.57 Est @ 6.71% 2,280.69
2024 3,213.61 Est @ 5.52% 2,238.68
2025 3,364.06 Est @ 4.68% 2,180.02
2026 3,501.85 Est @ 4.1% 2,111.03
2027 3,630.93 Est @ 3.69% 2,036.17
2028 3,754.36 Est @ 3.4% 1,958.54
2029 3,874.44 Est @ 3.2% 1,880.20
Present value of next 10 years cash flows ZAR20,816.00
JSE:CLS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ZAR3,874.44 × (1 + 2.73%) ÷ (7.5% – 2.73%)
ZAR83,477.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR83,477.61 ÷ (1 + 7.5%)10
ZAR40,510.36
JSE:CLS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR20,816.00 + ZAR40,510.36
ZAR61,326.36
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR61,326.36 / 251.53
ZAR243.82
JSE:CLS Discount to Share Price
Calculation Result
Value per share (ZAR) From above. ZAR243.82
Current discount Discount to share price of ZAR256.08
= -1 x (ZAR256.08 - ZAR243.82) / ZAR243.82
-5%

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

  • The current share price of Clicks Group 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 Clicks Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Clicks Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:CLS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in ZAR ZAR6.84
JSE:CLS Share Price ** JSE (2019-11-14) in ZAR ZAR256.08
South Africa Consumer Retailing Industry PE Ratio Median Figure of 7 Publicly-Listed Consumer Retailing Companies 20.07x
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 Clicks Group.

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

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

= 256.08 ÷ 6.84

37.46x

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

  • Clicks Group is overvalued based on earnings compared to the ZA Consumer Retailing industry average.
  • Clicks Group is overvalued based on earnings compared to the South Africa market.
Price based on expected Growth
Does Clicks Group's expected growth come at a high price?
Raw Data
JSE:CLS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
11.7%per year
South Africa Consumer Retailing Industry PEG Ratio Median Figure of 6 Publicly-Listed Consumer Retailing Companies 1.98x
South Africa Market PEG Ratio Median Figure of 75 Publicly-Listed Companies 1.11x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.46x ÷ 11.7%

3.19x

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

  • Clicks Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Clicks Group's assets?
Raw Data
JSE:CLS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in ZAR ZAR19.53
JSE:CLS Share Price * JSE (2019-11-14) in ZAR ZAR256.08
South Africa Consumer Retailing Industry PB Ratio Median Figure of 8 Publicly-Listed Consumer Retailing Companies 4.72x
South Africa Market PB Ratio Median Figure of 267 Publicly-Listed Companies 0.89x
JSE:CLS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 256.08 ÷ 19.53

13.11x

* Primary Listing of Clicks Group.

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

  • Clicks Group is overvalued based on assets compared to the ZA Consumer Retailing industry average.
X
Value checks
We assess Clicks 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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Clicks Group 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.

CLS Future Performance

 How is Clicks Group expected to perform in the next 1 to 3 years based on estimates from 6 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
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Clicks Group expected to grow at an attractive rate?
  • Clicks Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Clicks Group's earnings growth is positive but not above the South Africa market average.
  • Clicks Group's revenue growth is positive but not above the South Africa market average.
Annual Growth Rates Comparison
Raw Data
JSE:CLS Future Growth Rates Data Sources
Data Point Source Value (per year)
JSE:CLS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 11.7%
JSE:CLS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 8.4%
South Africa Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
South Africa Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
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:CLS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
JSE:CLS Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-08-31 40,475 2,984 2,458 4
2021-08-31 37,078 2,553 2,127 6
2020-08-31 34,099 2,262 1,933 6
2019-11-15
JSE:CLS Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-08-31 31,352 2,866 1,703
2019-05-31 30,747 2,458 1,634
2019-02-28 30,141 2,050 1,563
2018-11-30 29,690 2,127 1,519
2018-08-31 29,240 2,205 1,475
2018-05-31 28,678 2,072 1,422
2018-02-28 28,117 1,939 1,371
2017-11-30 27,463 1,735 1,324
2017-08-31 26,809 1,531 1,278
2017-05-31 26,006 1,386 1,223
2017-02-28 25,203 1,241 1,168
2016-11-30 24,687 1,293 1,131

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Clicks Group's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • Clicks Group's revenue is expected to grow by 8.4% yearly, however this is not considered high growth (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:CLS 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 6 Analyst Estimates (S&P Global) See Below

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

JSE:CLS Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-08-31 9.70 9.90 9.50 2.00
2021-08-31 8.40 8.72 7.83 4.00
2020-08-31 7.63 7.68 7.57 3.00
2019-11-15
JSE:CLS Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-08-31 6.84
2019-05-31 6.62
2019-02-28 6.38
2018-11-30 6.25
2018-08-31 6.12
2018-05-31 5.95
2018-02-28 5.78
2017-11-30 5.59
2017-08-31 5.40
2017-05-31 5.17
2017-02-28 4.94
2016-11-30 4.77

*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.
  • Clicks Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Clicks 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 South Africa market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the South 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.
Clicks Group has a total score of 2/6, 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.

CLS Past Performance

  How has Clicks 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 Clicks Group's growth in the last year to its industry (Consumer Retailing).
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.
  • Clicks Group's year on year earnings growth rate has been positive over the past 5 years.
  • Clicks Group's 1-year earnings growth exceeds its 5-year average (15.4% vs 13.8%)
  • Clicks Group's earnings growth has exceeded the ZA Consumer Retailing industry average in the past year (15.4% vs 15%).
Earnings and Revenue History
Clicks 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 Clicks Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:CLS 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 31,352.11 1,702.91 4,353.26
2019-05-31 30,746.72 1,634.42 4,274.72
2019-02-28 30,141.25 1,563.11 4,196.17
2018-11-30 29,690.47 1,519.16 4,109.34
2018-08-31 29,239.69 1,475.21 4,022.51
2018-05-31 28,678.09 1,421.54 3,947.18
2018-02-28 28,116.57 1,370.68 3,871.85
2017-11-30 27,462.84 1,324.16 3,756.24
2017-08-31 26,809.10 1,277.64 3,640.63
2017-05-31 26,005.87 1,222.63 3,530.10
2017-02-28 25,202.63 1,167.62 3,419.57
2016-11-30 24,686.76 1,130.74 3,325.83
2016-08-31 24,170.88 1,093.87 3,232.09
2016-05-31 23,835.01 1,059.43 3,132.83
2016-02-29 23,499.13 1,024.99 3,033.56
2015-11-30 22,784.61 989.78 2,952.97
2015-08-31 22,070.09 954.58 2,872.39
2015-05-31 21,267.55 934.02 2,802.58
2015-02-28 20,465.01 913.47 2,732.78
2014-11-30 19,807.26 889.04 2,665.43
2014-08-31 19,149.52 864.61 2,598.07
2014-05-31 18,756.28 820.54 2,521.73
2014-02-28 18,363.04 776.47 2,445.40
2013-11-30 17,953.17 763.38 2,368.52
2013-08-31 17,543.30 750.29 2,291.64
2013-05-31 16,925.92 735.73 2,217.16
2013-02-28 16,308.53 721.16 2,142.68
2012-11-30 15,872.74 704.92 2,098.52

*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.
  • Clicks Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Clicks Group used its assets more efficiently than the ZA Consumer Retailing industry average last year based on Return on Assets.
  • Clicks Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Clicks 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 Consumer Retailing 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.
Clicks Group 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.

CLS Health

 How is Clicks 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 Clicks Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Clicks Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Clicks Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Clicks 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.
  • High level of physical assets or inventory.
  • Clicks Group has no debt, it does not need to be covered by short term assets.
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 Clicks Group Company Filings, last reported 2 months ago.

JSE:CLS Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 4,912.81 0.00 2,613.55
2019-05-31 4,912.81 0.00 2,613.55
2019-02-28 4,388.33 0.00 1,452.40
2018-11-30 4,388.33 0.00 1,452.40
2018-08-31 4,427.87 0.00 1,762.87
2018-05-31 4,427.87 0.00 1,762.87
2018-02-28 3,707.26 0.00 886.54
2017-11-30 3,707.26 0.00 886.54
2017-08-31 3,300.35 0.00 891.32
2017-05-31 3,300.35 0.00 891.32
2017-02-28 2,732.43 0.00 115.60
2016-11-30 2,732.43 0.00 115.60
2016-08-31 2,452.24 0.00 369.80
2016-05-31 2,452.24 0.00 369.80
2016-02-29 1,889.77 200.80 227.89
2015-11-30 1,889.77 200.80 227.89
2015-08-31 2,012.81 0.00 425.25
2015-05-31 2,012.81 0.00 425.25
2015-02-28 1,701.78 181.50 61.15
2014-11-30 1,701.78 181.50 61.15
2014-08-31 1,566.97 0.00 195.63
2014-05-31 1,566.97 0.00 195.63
2014-02-28 1,375.89 549.70 162.39
2013-11-30 1,375.89 549.70 162.39
2013-08-31 1,376.84 344.36 110.18
2013-05-31 1,376.84 344.36 110.18
2013-02-28 1,268.92 592.96 56.28
2012-11-30 1,268.92 592.96 56.28
  • Clicks Group has no debt.
  • Clicks Group has no debt compared to 5 years ago when it was 0.1%.
  • Clicks Group has no debt, it does not need to be covered by operating cash flow.
  • Clicks Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Clicks 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. Clicks 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.

CLS Dividends

 What is Clicks 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
1.74%
Current annual income from Clicks Group dividends. Estimated to be 2.2% next year.
If you bought ZAR2,000 of Clicks Group shares you are expected to receive ZAR35 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?
  • Clicks Group's pays a lower dividend yield than the bottom 25% of dividend payers in South Africa (3.3%).
  • Clicks Group's dividend is below the markets top 25% of dividend payers in South Africa (8.76%).
Upcoming dividend payment

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

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
JSE:CLS 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 6 Analyst Estimates (S&P Global) See Below
South Africa Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.3%
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:CLS Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2022-08-31 6.41 5.00
2021-08-31 5.57 7.00
2020-08-31 5.04 6.00
2019-11-15
JSE:CLS Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-10-24 4.450 1.792
2018-11-22 3.800 1.935
2018-10-25 3.800 2.024
2017-11-24 3.220 1.747
2017-10-26 3.220 2.033
2016-10-27 2.720 2.047
2015-11-20 2.350 2.232
2015-10-22 2.350 2.311
2015-04-23 2.020 2.217
2014-11-21 1.900 2.199
2014-10-23 1.900 2.529
2013-10-24 1.680 2.687
2013-09-16 1.680 2.983
2013-04-25 1.564 2.753
2012-10-18 1.520 2.505
2011-12-19 1.250 2.558
2010-11-12 1.062 2.568
2010-10-21 1.062 2.343
2010-04-22 0.900 2.529
2009-10-30 0.840 3.094
2009-09-15 0.840 3.713

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

  • Clicks Group is not paying a notable dividend for South Africa, therefore no need to check if the payments are stable.
  • Clicks Group 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 Clicks Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Clicks Group's dividends as it is not paying a notable one for South Africa.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Clicks Group'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 Clicks Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Clicks Group has a total score of 1/6, see the detailed checks below.


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

CLS Management

 What is the CEO of Clicks 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
Vikesh Ramsunder
AGE 48
TENURE AS CEO 0.8 years
CEO Bio

Mr. Vikesh Ramsunder has been the Chief Executive Officer and Executive Director at Clicks Group Limited since January 1, 2019. Mr. Ramsunder served as the Chief Operating Officer of the Clicks Brand at Clicks Group Limited since April 1, 2015 until January 1, 2019. Mr. Ramsunder served as Managing Director of UPD at Clicks Group Limited since 2010 and was instrumental in driving UPD’s integrated pharmaceutical wholesaler and distribution strategy. Prior to this he was head of Logistics at Clicks for two years and served in store, general management and DC management positions across the group since joining in 1993, including project manager of the Clicks Blueprint programme which was instrumental in enhancing operating efficiencies within the Clicks chain.

CEO Compensation
  • Insufficient data for Vikesh to compare compensation growth.
  • Insufficient data for Vikesh to establish whether their remuneration is reasonable compared to companies of similar size in South Africa.
Management Team Tenure

Average tenure and age of the Clicks Group management team in years:

5.9
Average Tenure
51.5
Average Age
  • The average tenure for the Clicks Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Fleming

TITLE
CFO & Executive Director
COMPENSATION
ZAR33M
AGE
52
TENURE
8.8 yrs

Bertina Engelbrecht

TITLE
Group Director of Human Resources & Executive Director
COMPENSATION
ZAR23M
AGE
56
TENURE
13.3 yrs

Vikesh Ramsunder

TITLE
CEO & Executive Director
AGE
48
TENURE
0.8 yrs

Matthew Welz

TITLE
Group Head of Legal Counsel & Company Secretary
TENURE
3 yrs

Chris Tugman

TITLE
Group Head of Information Technology
AGE
51
Board of Directors Tenure

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

11.4
Average Tenure
58
Average Age
  • The average tenure for the Clicks Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

David Nurek

TITLE
Independent Non-Executive Chairman
COMPENSATION
ZAR1M
AGE
68

Michael Fleming

TITLE
CFO & Executive Director
COMPENSATION
ZAR33M
AGE
52
TENURE
8.7 yrs

Bertina Engelbrecht

TITLE
Group Director of Human Resources & Executive Director
COMPENSATION
ZAR23M
AGE
56
TENURE
11.7 yrs

Vikesh Ramsunder

TITLE
CEO & Executive Director
AGE
48
TENURE
0.8 yrs

Fatima Abrahams

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR630K
AGE
57
TENURE
11.7 yrs

John Bester

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR647K
AGE
73
TENURE
11.1 yrs

Martin Rosen

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR354K
AGE
69
TENURE
13.6 yrs

Jakoet Daniels

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR523K
AGE
58
TENURE
11.7 yrs

Nonku Gobodo

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR450K
AGE
59
TENURE
2.7 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 Clicks 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. Clicks 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.

CLS News

Simply Wall St News

CLS Company Info

Description

Clicks Group Limited engages in the retail of health, beauty, and homeware products primarily in South Africa. It operates in two segments, Retail and Distribution. The company operates a retail pharmacy chain with 459 in-store pharmacies, and health and beauty retail chains for the middle to upper income markets under the Clicks name. It also retails natural beauty products under The Body Shop name; specialty health and wellness products, including vitamins, mineral and herbal supplements, sports nutrition, and slimming products under the General Nutrition Corporation (GNC) name; and fashionable jewelry and accessories for young women and girls under the Claire’s name. In addition, the company retails music and related entertainment merchandise, such as music and movie DVDs; computer games; and technology and accessories comprising headphones portable speakers, phone and tablet covers, docking stations, and tablets under the Musica name. Further, it is involved in the wholesale and supply of pharmaceutical products to retail pharmacies, private hospitals, dispensing doctors, and retail health stores, as well as pharmaceutical manufacturers under the UPD name. The company operates through a network of 837 stores that include 46 stores in Namibia, Botswana, Swaziland, and Lesotho. The company was formerly known as New Clicks Holdings Limited and changed its name to Clicks Group Limited in June 2009. Clicks Group Limited was founded in 1968 and is based in Cape Town, South Africa.

Details
Name: Clicks Group Limited
CLS
Exchange: JSE
Founded: 1968
ZAR64,410,522,000
251,525,000
Website: http://www.clicksgroup.co.za
Address: Clicks Group Limited
Cnr Searle and Pontac Streets,
Cape Town,
Western Cape, 8001,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE CLS Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 25. Mar 1996
OTCPK CLCG.Y SPONSORED ADR Pink Sheets LLC US USD 19. May 2010
Number of employees
Current staff
Staff numbers
15,413
Clicks Group employees.
Industry
Drug Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 16:35
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/13
Last earnings filing: 2019/10/25
Last earnings reported: 2019/08/31
Last annual earnings reported: 2019/08/31


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.