Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Kaap Agri

JSE:KAL
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KAL
JSE
ZAR2B
Market Cap
  1. Home
  2. ZA
  3. Consumer Retailing
Company description

Kaap Agri Limited trades in agricultural, fuel and related retail markets in South Africa and Namibia. The last earnings update was 104 days ago. More info.


Add to Portfolio Compare Print
  • Kaap Agri has significant price volatility in the past 3 months.
KAL Share Price and Events
7 Day Returns
10.8%
JSE:KAL
0.8%
ZA Consumer Retailing
-5.2%
ZA Market
1 Year Returns
-16.8%
JSE:KAL
-11.5%
ZA Consumer Retailing
-33.8%
ZA Market
KAL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kaap Agri (KAL) 10.8% -9.1% -22.4% -16.8% - -
ZA Consumer Retailing 0.8% -6.4% -14.1% -11.5% -12.9% -3%
ZA Market -5.2% -21.1% -29% -33.8% -28% -31.7%
1 Year Return vs Industry and Market
  • KAL underperformed the Consumer Retailing industry which returned -11.5% over the past year.
  • KAL outperformed the Market in South Africa which returned -33.8% over the past year.
Price Volatility
KAL
Industry
5yr Volatility vs Market

Value

 Is Kaap Agri 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 Kaap Agri 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 Kaap Agri.

JSE:KAL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in ZAR ZAR 1.235000
Payout Ratio Company Filings (2019-09-30) 2993.6%
Discount Rate (Cost of Equity) See below 15.2%
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:KAL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ZA Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 8.2%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.483 (1 + (1- 28%) (82.59%))
0.591
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)
= 8.6% + (0.8 * 8.23%)
15.18%

Discounted Cash Flow Calculation for JSE:KAL using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Kaap Agri is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

JSE:KAL Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ZAR1.24 / (15.18% - 8.6%)
ZAR18.76
JSE:KAL Discount to Share Price
Calculation Result
Value per share (ZAR) From above. ZAR18.76
Current discount Discount to share price of ZAR23.26
= -1 x (ZAR23.26 - ZAR18.76) / ZAR18.76
-24%

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

  • The current share price of Kaap Agri 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 Kaap Agri's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kaap Agri's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:KAL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in ZAR ZAR3.95
JSE:KAL Share Price ** JSE (2020-04-03) in ZAR ZAR23.26
South Africa Consumer Retailing Industry PE Ratio Median Figure of 7 Publicly-Listed Consumer Retailing Companies 16.42x
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 Kaap Agri.

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

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

= 23.26 ÷ 3.95

5.89x

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

  • Kaap Agri is good value based on earnings compared to the ZA Consumer Retailing industry average.
  • Kaap Agri is good value based on earnings compared to the South Africa market.
Price based on expected Growth
Does Kaap Agri's expected growth come at a high price?
Raw Data
JSE:KAL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
South Africa Consumer Retailing Industry PEG Ratio Median Figure of 6 Publicly-Listed Consumer Retailing Companies 1.86x
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 Kaap Agri, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kaap Agri's assets?
Raw Data
JSE:KAL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in ZAR ZAR26.00
JSE:KAL Share Price * JSE (2020-04-03) in ZAR ZAR23.26
South Africa Consumer Retailing Industry PB Ratio Median Figure of 8 Publicly-Listed Consumer Retailing Companies 3.99x
South Africa Market PB Ratio Median Figure of 271 Publicly-Listed Companies 0.67x
JSE:KAL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 23.26 ÷ 26.00

0.89x

* Primary Listing of Kaap Agri.

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

  • Kaap Agri is good value based on assets compared to the ZA Consumer Retailing industry average.
X
Value checks
We assess Kaap Agri'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. Kaap Agri has a total score of 3/6, see the detailed checks below.

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

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

Future Performance

 How is Kaap Agri 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 Kaap Agri 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
11.7%
Expected Consumer Retailing industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kaap Agri expected to grow at an attractive rate?
  • Unable to compare Kaap Agri's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kaap Agri's earnings growth to the South Africa market average as no estimate data is available.
  • Unable to compare Kaap Agri's revenue growth to the South Africa market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JSE:KAL Future Growth Rates Data Sources
Data Point Source Value (per year)
South Africa Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
South Africa Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
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:KAL 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:KAL Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
JSE:KAL Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-09-30 8,452 354 277
2019-06-30 7,990 283 262
2019-03-31 7,528 211 248
2018-12-31 7,038 224 247
2018-09-30 6,549 237 246
2018-06-30 6,459 262 249
2018-03-31 6,370 286 253
2017-12-31 6,393 388 247
2017-09-30 6,416 490 241
2017-06-30 6,242 331 233
2017-03-31 6,069 178 225
2016-12-31 5,861 139 217

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kaap Agri is high growth as no earnings estimate data is available.
  • Unable to determine if Kaap Agri 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:KAL 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 Kaap Agri Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:KAL Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
JSE:KAL Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-09-30 3.95
2019-06-30 3.74
2019-03-31 3.52
2018-12-31 3.51
2018-09-30 3.50
2018-06-30 3.54
2018-03-31 3.59
2017-12-31 3.50
2017-09-30 3.42
2017-06-30 3.31
2017-03-31 3.19
2016-12-31 3.09

*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 Kaap Agri will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Kaap Agri is trading at Kaap Agri'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. Kaap Agri'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 Consumer Retailing 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 Kaap Agri'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.
Kaap Agri 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.

Past Performance

  How has Kaap Agri 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 Kaap Agri'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.
  • Kaap Agri's year on year earnings growth rate has been positive over the past 5 years.
  • Kaap Agri's 1-year earnings growth exceeds its 5-year average (12.6% vs 8.9%)
  • Kaap Agri's earnings growth has not exceeded the ZA Consumer Retailing industry average in the past year (12.6% vs 12.6%).
Earnings and Revenue History
Kaap Agri'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 Kaap Agri Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:KAL 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 8,451.52 277.32 763.80
2019-06-30 7,989.67 262.43 739.80
2019-03-31 7,527.82 247.53 715.80
2018-12-31 7,038.30 246.89 676.19
2018-09-30 6,548.79 246.25 636.59
2018-06-30 6,459.29 249.44 617.09
2018-03-31 6,369.78 252.63 597.59
2017-12-31 6,392.74 246.88 602.84
2017-09-30 6,415.70 241.13 608.09
2017-06-30 6,242.14 232.98 629.67
2017-03-31 6,068.58 224.55 621.93
2016-12-31 5,860.71 217.49 584.38
2016-09-30 5,652.84 210.42 546.83
2015-09-30 5,341.40 189.19 502.83
2014-09-30 4,874.58 158.21 459.65
2013-09-30 4,007.81 129.05 401.87

*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.
  • Kaap Agri has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kaap Agri used its assets less efficiently than the ZA Consumer Retailing industry average last year based on Return on Assets.
  • Kaap Agri's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kaap Agri'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.
Kaap Agri has a total score of 2/6, 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 Kaap Agri'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 Kaap Agri's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kaap Agri is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kaap Agri's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kaap Agri'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.
  • Debt is covered by short term assets, assets are 2.3x 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 Kaap Agri Company Filings, last reported 6 months ago.

JSE:KAL Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,926.25 1,309.45 46.37
2019-06-30 1,926.25 1,309.45 46.37
2019-03-31 1,902.57 1,427.58 43.05
2018-12-31 1,902.57 1,427.58 43.05
2018-09-30 1,742.75 1,000.91 40.21
2018-06-30 1,742.75 1,000.91 40.21
2018-03-31 1,682.56 1,180.77 27.07
2017-12-31 1,682.56 1,180.77 27.07
2017-09-30 1,581.98 764.89 35.09
2017-06-30 1,582.63 764.89 35.09
2017-03-31 1,502.47 947.74 27.00
2016-12-31 1,502.47 947.74 27.00
2016-09-30 1,405.68 871.06 16.98
2015-09-30 1,255.22 669.98 23.50
2014-09-30 1,115.37 542.20 22.01
2013-09-30 995.89 514.74 18.03
  • Kaap Agri's level of debt (68%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (48.6% vs 68% today).
  • Debt is well covered by operating cash flow (27%, greater than 20% of total debt).
  • Kaap Agri earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Kaap Agri'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. Kaap Agri 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 Kaap Agri'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
5.31%
Current annual income from Kaap Agri dividends.
If you bought ZAR2,000 of Kaap Agri shares you are expected to receive ZAR106 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?
  • Kaap Agri's pays a higher dividend yield than the bottom 25% of dividend payers in South Africa (4.65%).
  • Kaap Agri'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:KAL 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
South Africa Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.8%
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:KAL Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
JSE:KAL Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-12-23 1.235 4.890
2019-11-28 1.235 4.232
2018-12-14 1.167 3.633
2018-11-29 1.167 3.365
2017-11-29 1.120 2.591
2017-11-28 1.120 2.339

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

  • Whilst dividend payments have been stable, Kaap Agri has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Kaap Agri only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Kaap Agri's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x 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 Kaap Agri'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 Kaap Agri afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kaap Agri has a total score of 2/6, 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 Kaap Agri'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
Sean Walsh
COMPENSATION ZAR7,240,000
AGE 53
CEO Bio

Sean Walsh serves as Chief Executive Officer and Managing Director at Kaap Agri (Pty) Ltd. Sean Walsh served as Director of Operations at Kaap Agri (Pty) Ltd. Sean Walsh held senior positions at several companies inter alia SAB and Derek Brink Holdings. Since 2005, Sean Walsh has been at GWK Limited as General Manager, Products and General Manager: Marketing respectively. Sean Walsh serves as an Executive Director of Kaap Agri (Pty) Ltd. Sean Walsh received B.Econ (Hons) in 1988.

CEO Compensation
  • Sean's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Sean's remuneration is higher than average for companies of similar size in South Africa.
Management Team Tenure

Average tenure and age of the Kaap Agri management team in years:

4.7
Average Tenure
53
Average Age
  • The tenure for the Kaap Agri management team is about average.
Management Team

Sean Walsh

TITLE
CEO, MD & Executive Director
COMPENSATION
ZAR7M
AGE
53

Graeme Sim

TITLE
Financial Director & Director
COMPENSATION
ZAR4M
AGE
49
TENURE
4.7 yrs

David Gempies

TITLE
Head of Human Resources

Philip Faure

TITLE
Managing Director of Rsa Agri Brokers

Werner van Zyl

TITLE
Head of Properties
TENURE
4.7 yrs

Ian Schooling

TITLE
Head of Agriplas

Reinhard Köstens

TITLE
Company Secretary
AGE
61
TENURE
8.4 yrs

Pennie Muller

TITLE
Financing Controller of CERES

Annemari Briers

TITLE
Senior Financing Controller of Porterville

Annelize Swart

TITLE
Financing Controller of CERES
Board of Directors Tenure

Average tenure and age of the Kaap Agri board of directors in years:

6.6
Average Tenure
54.5
Average Age
  • The tenure for the Kaap Agri board of directors is about average.
Board of Directors

George Steyn

TITLE
Independent Non-Executive Chairman
COMPENSATION
ZAR648K
AGE
60
TENURE
7.2 yrs

Sean Walsh

TITLE
CEO, MD & Executive Director
COMPENSATION
ZAR7M
AGE
53
TENURE
8.4 yrs

Graeme Sim

TITLE
Financial Director & Director
COMPENSATION
ZAR4M
AGE
49
TENURE
4.7 yrs

Chris Otto

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR637K
AGE
69
TENURE
8.4 yrs

Johann Le Roux

TITLE
Non-Executive Director
COMPENSATION
ZAR226K
AGE
44
TENURE
6 yrs

EA Messina

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR586K
AGE
60
TENURE
3.1 yrs

Bernhardt du Toit

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR301K
AGE
62
TENURE
8.4 yrs

Helgard Smit

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR258K
AGE
56
TENURE
8.4 yrs

Wynoma Michaels

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR199K
AGE
45
TENURE
2.7 yrs

D Toit

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR301K
AGE
42
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kaap Agri individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (ZAR) Value (ZAR)
25. Mar 20 Buy Sean Walsh Individual 20. Mar 20 20. Mar 20 900 ZAR20.25 ZAR18,225
27. Feb 20 Buy Sean Walsh Individual 24. Feb 20 24. Feb 20 1,500 ZAR2,228.00 ZAR3,342,000
25. Feb 20 Buy Peter D Wimsey & Associates Company 24. Feb 20 24. Feb 20 13,000 ZAR23.00 ZAR299,000
24. Feb 20 Buy Chris Otto Individual 21. Feb 20 21. Feb 20 87,000 ZAR22.50 ZAR1,957,474
18. Feb 20 Buy Graeme Sim Individual 17. Feb 20 17. Feb 20 860 ZAR25.50 ZAR21,930
31. Jan 20 Buy Sean Walsh Individual 28. Jan 20 29. Jan 20 1,937 ZAR27.89 ZAR53,810
27. Aug 19 Sell Kosie Van Niekerk Beleggings Trust Company 22. Aug 19 22. Aug 19 -202,000 ZAR29.00 ZAR-5,857,999
27. Aug 19 Buy J. van Niekerk Individual 22. Aug 19 22. Aug 19 202,000 ZAR29.00 ZAR5,857,999
13. Aug 19 Sell Kosie Van Niekerk Beleggings Trust Company 07. Aug 19 07. Aug 19 -47,674 ZAR33.10 ZAR-1,578,010
13. Aug 19 Buy J. van Niekerk Individual 07. Aug 19 07. Aug 19 47,674 ZAR33.10 ZAR1,578,010
13. Jun 19 Buy Graeme Sim Individual 11. Jun 19 12. Jun 19 180 ZAR34.00 ZAR6,094
21. May 19 Buy Graeme Sim Individual 20. May 19 20. May 19 500 ZAR36.60 ZAR18,300
13. May 19 Buy Sean Walsh Individual 10. May 19 10. May 19 1,600 ZAR33.00 ZAR52,800
X
Management checks
We assess Kaap Agri'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. Kaap Agri 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

Kaap Agri Limited trades in agricultural, fuel and related retail markets in South Africa and Namibia. It operates through Trade, The Fuel Company (TFC), Wesgraan, and Manufacturing segments. The Trade segment offers production inputs, mechanization equipment and services, and other goods to agricultural producers, as well as the general public. The TFC segment provides a retail fuel offering to a range of customers, including convenience store and quick service restaurant outlets. The Wesgraan segment sells grain products and provides a range of services, including storage and handling of grain products. The Manufacturing segment manufactures and sells dripper pipes and other irrigation equipment; and distributes franchise and other irrigation parts. It operates under the Agrimark, Liquormark, Pakmark, Wesgraan, Mechanisation, Agriplas, the Fuel Company, Forge, and Expressmark brands. Kaap Agri Limited was founded in 1912 and is based in Paarl, South Africa.

Details
Name: Kaap Agri Limited
KAL
Exchange: JSE
Founded: 1912
ZAR1,633,694,546
70,236,223
Website: http://www.kaapagri.co.za
Address: Kaap Agri Limited
1 Westhoven Street,
Paarl,
Western Cape, 7646,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE KAL Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 26. Jun 2017
Number of employees
Current staff
Staff numbers
3,244
Kaap Agri employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 21:06
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2018/11/29
Last earnings filing: 2019/12/21
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


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

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