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Cashbuild

JSE:CSB
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CSB
JSE
ZAR3B
Market Cap
  1. Home
  2. ZA
  3. Retail
Company description

Cashbuild Limited retails building materials and associated products. The last earnings update was 31 days ago. More info.


Add to Portfolio Compare Print
  • Cashbuild has significant price volatility in the past 3 months.
CSB Share Price and Events
7 Day Returns
-2.4%
JSE:CSB
-12.1%
ZA Specialty Retail
-5.2%
ZA Market
1 Year Returns
-49.1%
JSE:CSB
-50.2%
ZA Specialty Retail
-33.8%
ZA Market
CSB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cashbuild (CSB) -2.4% -23.1% -37.6% -49.1% -63.7% -46.3%
ZA Specialty Retail -12.1% -37.6% -45.2% -50.2% -47.5% -59.8%
ZA Market -5.2% -21.1% -29% -33.8% -28% -31.7%
1 Year Return vs Industry and Market
  • CSB outperformed the Specialty Retail industry which returned -50.2% over the past year.
  • CSB underperformed the Market in South Africa which returned -33.8% over the past year.
Price Volatility
CSB
Industry
5yr Volatility vs Market

CSB Value

 Is Cashbuild 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 Cashbuild 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 Cashbuild.

JSE:CSB 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 17%
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:CSB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ZA Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 8.2%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.738 (1 + (1- 28%) (55.43%))
1.022
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (1.022 * 8.23%)
17.01%

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

The calculations below outline how an intrinsic value for Cashbuild 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:CSB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 17.01%)
2020 618.58 Est @ 21.26% 528.67
2021 726.61 Est @ 17.46% 530.72
2022 834.18 Est @ 14.8% 520.72
2023 942.14 Est @ 12.94% 502.63
2024 1,051.81 Est @ 11.64% 479.56
2025 1,164.65 Est @ 10.73% 453.82
2026 1,282.16 Est @ 10.09% 426.99
2027 1,405.79 Est @ 9.64% 400.11
2028 1,536.95 Est @ 9.33% 373.85
2029 1,676.98 Est @ 9.11% 348.62
Present value of next 10 years cash flows ZAR4,565.00
JSE:CSB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ZAR1,676.98 × (1 + 8.6%) ÷ (17.01% – 8.6%)
ZAR21,658.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR21,658.61 ÷ (1 + 17.01%)10
ZAR4,502.46
JSE:CSB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR4,565.00 + ZAR4,502.46
ZAR9,067.46
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR9,067.46 / 22.71
ZAR399.2
JSE:CSB Discount to Share Price
Calculation Result
Value per share (ZAR) From above. ZAR399.20
Current discount Discount to share price of ZAR129.87
= -1 x (ZAR129.87 - ZAR399.20) / ZAR399.20
67.5%

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

Current Discount
Amount off the current price Cashbuild is available for.
Intrinsic value
>50%
Share price is ZAR129.87 vs Future cash flow value of ZAR399.2
Current Discount Checks
For Cashbuild to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cashbuild's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cashbuild'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 Cashbuild's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cashbuild's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:CSB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in ZAR ZAR16.73
JSE:CSB Share Price ** JSE (2020-04-02) in ZAR ZAR129.87
South Africa Specialty Retail Industry PE Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 8.38x
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 Cashbuild.

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

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

= 129.87 ÷ 16.73

7.76x

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

  • Cashbuild is good value based on earnings compared to the ZA Specialty Retail industry average.
  • Cashbuild is good value based on earnings compared to the South Africa market.
Price based on expected Growth
Does Cashbuild's expected growth come at a high price?
Raw Data
JSE:CSB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
South Africa Specialty Retail Industry PEG Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 0.92x
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 Cashbuild, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cashbuild's assets?
Raw Data
JSE:CSB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in ZAR ZAR92.25
JSE:CSB Share Price * JSE (2020-04-02) in ZAR ZAR129.87
South Africa Specialty Retail Industry PB Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 1.18x
South Africa Market PB Ratio Median Figure of 271 Publicly-Listed Companies 0.67x
JSE:CSB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 129.87 ÷ 92.25

1.41x

* Primary Listing of Cashbuild.

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

  • Cashbuild is overvalued based on assets compared to the ZA Specialty Retail industry average.
X
Value checks
We assess Cashbuild'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Cashbuild has a total score of 4/6, 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.

CSB Future Performance

 How is Cashbuild 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 Cashbuild 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
12.7%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cashbuild expected to grow at an attractive rate?
  • Unable to compare Cashbuild's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cashbuild's earnings growth to the South Africa market average as no estimate data is available.
  • Unable to compare Cashbuild's revenue growth to the South Africa market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JSE:CSB Future Growth Rates Data Sources
Data Point Source Value (per year)
South Africa Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
South Africa Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
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:CSB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:CSB Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
JSE:CSB Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-12-31 10,768 733 380
2019-09-30 10,795 345 404
2019-06-30 10,821 -42 427
2019-03-31 10,599 177 410
2018-12-31 10,377 396 392
2018-09-30 10,292 502 406
2018-06-30 10,207 609 421
2018-03-31 10,074 572 430
2017-12-31 9,952 535 441
2017-09-30 9,841 493 453
2017-06-30 9,730 451 465
2017-03-31 9,530 491

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cashbuild is high growth as no earnings estimate data is available.
  • Unable to determine if Cashbuild 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:CSB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cashbuild Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:CSB Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
JSE:CSB Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-12-31 16.73
2019-09-30 17.77
2019-06-30 18.81
2019-03-31 18.03
2018-12-31 17.25
2018-09-30 17.88
2018-06-30 18.52
2018-03-31 18.92
2017-12-31 19.42
2017-09-30 19.95
2017-06-30 20.48
2017-03-31 21.56

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

Next steps:

  1. Examine whether Cashbuild is trading at Cashbuild'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. Cashbuild'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 Retail 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 Cashbuild'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.
Cashbuild 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.

CSB Past Performance

  How has Cashbuild 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 Cashbuild's growth in the last year to its industry (Specialty Retail).
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.
  • Cashbuild's year on year earnings growth rate has been positive over the past 5 years.
  • Cashbuild's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Cashbuild's 1-year earnings growth is negative, it can't be compared to the ZA Specialty Retail industry average.
Earnings and Revenue History
Cashbuild'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 Cashbuild Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:CSB Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 10,768.19 380.12 2,128.46
2019-09-30 10,794.71 403.74 2,145.77
2019-06-30 10,821.24 427.36 2,163.09
2019-03-31 10,599.18 409.55 2,136.42
2018-12-31 10,377.12 391.74 2,109.74
2018-09-30 10,291.93 406.13 2,077.83
2018-06-30 10,206.73 420.51 2,045.92
2018-03-31 10,073.52 429.77 2,006.27
2017-12-31 9,951.57 441.00 1,966.61
2017-09-30 9,840.61 453.00 1,920.54
2017-06-30 9,729.64 464.99 1,874.46
2017-03-31 9,530.24 490.58 1,831.47
2016-12-31 9,330.84 516.17 1,788.47
2016-09-30 9,000.24 476.80 1,724.11
2016-06-30 8,669.64 437.44 1,659.75
2016-03-31 8,452.04 398.05 1,650.61
2015-12-31 8,234.43 358.66 1,641.47
2015-09-30 7,963.54 357.68 1,578.85
2015-06-30 7,692.65 356.70 1,516.22
2015-03-31 7,445.53 337.71 1,354.71
2014-12-31 7,198.42 316.50 1,321.08
2014-09-30 6,989.85 291.21 1,286.68
2014-06-30 6,781.27 265.92 1,252.28
2014-03-31 6,695.62 250.17 1,223.71
2013-12-31 6,609.96 234.43 1,195.13
2013-09-30 6,493.45 239.96 1,162.90
2013-06-30 6,376.95 245.49 1,130.67

*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.
  • Cashbuild has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cashbuild used its assets less efficiently than the ZA Specialty Retail industry average last year based on Return on Assets.
  • Cashbuild's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cashbuild'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 Specialty Retail 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.
Cashbuild has a total score of 1/6, 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.

CSB Health

 How is Cashbuild'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 Cashbuild's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cashbuild is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cashbuild's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cashbuild'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.
  • Cashbuild 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 Cashbuild Company Filings, last reported 3 months ago.

JSE:CSB Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,129.23 0.00 1,403.75
2019-09-30 2,129.23 0.00 1,403.75
2019-06-30 2,187.40 0.00 590.15
2019-03-31 2,187.40 0.00 590.15
2018-12-31 2,071.14 0.00 1,066.72
2018-09-30 2,071.14 0.00 1,066.72
2018-06-30 1,917.32 0.00 952.93
2018-03-31 1,921.48 0.00 952.93
2017-12-31 1,849.90 0.00 1,039.08
2017-09-30 1,849.90 0.00 1,039.08
2017-06-30 1,682.98 0.00 801.42
2017-03-31 1,682.98 0.00 801.42
2016-12-31 1,615.64 22.08 1,001.85
2016-09-30 1,615.64 22.08 1,001.85
2016-06-30 1,465.43 26.72 775.95
2016-03-31 1,465.43 26.72 775.95
2015-12-31 1,498.75 0.00 1,340.95
2015-09-30 1,498.75 0.00 1,340.95
2015-06-30 1,345.03 0.00 938.92
2015-03-31 1,362.75 0.00 938.92
2014-12-31 1,374.54 0.00 1,086.97
2014-09-30 1,374.54 0.00 1,086.97
2014-06-30 1,239.12 0.00 704.32
2014-03-31 1,239.12 0.00 704.32
2013-12-31 1,222.73 0.00 913.30
2013-09-30 1,222.73 0.00 913.30
2013-06-30 1,116.44 0.00 249.45
  • Cashbuild has no debt.
  • Cashbuild currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Cashbuild has no debt, it does not need to be covered by operating cash flow.
  • Cashbuild has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Cashbuild'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. Cashbuild 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.

CSB Dividends

 What is Cashbuild'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
6.58%
Current annual income from Cashbuild dividends.
If you bought ZAR2,000 of Cashbuild shares you are expected to receive ZAR132 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?
  • Cashbuild's pays a higher dividend yield than the bottom 25% of dividend payers in South Africa (4.65%).
  • Cashbuild'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:CSB 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 Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 7.1%
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:CSB Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
JSE:CSB Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-10-31 8.550 4.651
2019-09-02 8.550 3.698
2018-10-25 8.420 3.167
2018-08-28 8.420 2.983
2017-08-29 9.300 2.404
2017-08-28 9.300 2.447
2016-08-30 10.010 2.740
2016-08-29 10.010 2.490
2015-11-02 7.120 2.176
2015-09-01 7.120 2.289
2014-09-02 4.440 2.189
2014-03-04 4.660 3.491
2013-09-17 4.870 3.246
2013-03-12 5.690 4.437
2012-09-18 5.690 3.905
2012-03-20 4.350 3.110
2012-01-16 4.350 3.781
2011-11-16 2.960 2.658
2011-09-20 2.960 2.926
2011-03-29 3.140 3.379
2011-01-17 3.140 3.581
2010-09-21 2.330 2.608
2010-09-20 2.330 3.154
2009-09-15 2.460 3.396
2009-08-31 2.460 3.513

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 Cashbuild's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (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 Cashbuild'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 Cashbuild afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cashbuild 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.

CSB Management

 What is the CEO of Cashbuild'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
Werner de Jager
COMPENSATION ZAR5,708,000
AGE 48
TENURE AS CEO 8.1 years
CEO Bio

Mr. Werner F. de Jager, CA (SA) serves as the Chief Executive Officer at Cashbuild Limited., since March 1, 2012. Mr. de Jager served as Director of Marketing & Procurement at Cashbuild Limited. since March 1, 2011. Mr. de Jager served Financial Director at Cashbuild Limited., from December 2004 to March 1, 2011 and has been its Executive Director since December 2004. Mr. de Jager holds a Chartered Accountant from South African Institute of Chartered Accountants.

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

Average tenure and age of the Cashbuild management team in years:

5.2
Average Tenure
53
Average Age
  • The average tenure for the Cashbuild management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Werner de Jager

TITLE
CEO & Executive Director
COMPENSATION
ZAR6M
AGE
48
TENURE
8.1 yrs

Albert Prowse

TITLE
Financial Director & Executive Director
COMPENSATION
ZAR4M
AGE
55
TENURE
9.1 yrs

Wimpie van Aswegen

TITLE
Director of Commercial & Marketing and Executive Director
COMPENSATION
ZAR3M
AGE
52
TENURE
2 yrs

Shane Thoresson

TITLE
Operations Director & Executive Director
COMPENSATION
ZAR3M
AGE
56

Anton Hattingh

TITLE
Operations Director & Executive Director
COMPENSATION
ZAR3M
AGE
53
TENURE
2.3 yrs

Peter Champion

TITLE
Human Resources Executive
COMPENSATION
ZAR4M

Zandile Matolo

TITLE
Financial Controller

Gillian Mead

TITLE
General Manager of Finance
COMPENSATION
ZAR2M

Andre H. Havenga

TITLE
Risk & Audit Executive
COMPENSATION
ZAR1M
Board of Directors Tenure

Average tenure and age of the Cashbuild board of directors in years:

8.3
Average Tenure
54
Average Age
  • The tenure for the Cashbuild board of directors is about average.
Board of Directors

Alistair G. Knock

TITLE
Independent Chairman of the Board
COMPENSATION
ZAR512K
AGE
68
TENURE
0.6 yrs

Werner de Jager

TITLE
CEO & Executive Director
COMPENSATION
ZAR6M
AGE
48
TENURE
15.3 yrs

Albert Prowse

TITLE
Financial Director & Executive Director
COMPENSATION
ZAR4M
AGE
55
TENURE
9.1 yrs

Wimpie van Aswegen

TITLE
Director of Commercial & Marketing and Executive Director
COMPENSATION
ZAR3M
AGE
52
TENURE
2 yrs

Shane Thoresson

TITLE
Operations Director & Executive Director
COMPENSATION
ZAR3M
AGE
56
TENURE
13.1 yrs

Anton Hattingh

TITLE
Operations Director & Executive Director
COMPENSATION
ZAR3M
AGE
53
TENURE
2.3 yrs

Hester Hickey

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR454K
AGE
65
TENURE
7.8 yrs

Nomahlubi Simamane

TITLE
Independent Non Executive Director
COMPENSATION
ZAR452K
AGE
60
TENURE
15.6 yrs

D. S. Lushaba

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR440K
AGE
53
TENURE
8.8 yrs

Gloria M. Njamo

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR335K
AGE
41
TENURE
2 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)
15. Oct 19 Buy Albert Prowse Individual 10. Oct 19 10. Oct 19 22,395 ZAR236.79 ZAR5,302,912
15. Oct 19 Buy Werner de Jager Individual 09. Oct 19 09. Oct 19 13,960 ZAR236.79 ZAR3,305,588
X
Management checks
We assess Cashbuild'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. Cashbuild 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.

CSB News

Simply Wall St News

CSB Company Info

Description

Cashbuild Limited retails building materials and associated products. The company offers cement, timber, and bricks, as well as associated products, such as tools, hardware, and plumbing products. It serves building contractors, homebuilders and improvers, farmers, and traders. As of June 30, 2019, the company operated 315 stores, including 255 Cashbuild stores, 59 P&L Hardware stores, and 1 Cashbuild DIY outlet in South Africa, Botswana, Swaziland, Lesotho, Namibia, Malawi, and Zambia. Cashbuild Limited was founded in 1978 and is based in Johannesburg, South Africa.

Details
Name: Cashbuild Limited
CSB
Exchange: JSE
Founded: 1978
ZAR2,929,017,108
22,714,363
Website: http://www.cashbuild.co.za
Address: Cashbuild Limited
101 Northern Parkway,
Ormonde,
Johannesburg,
Gauteng, 2001,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE CSB Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 02. Jan 1992
Number of employees
Current staff
Staff numbers
6,295
Cashbuild employees.
Industry
Home Improvement Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 19:11
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2019/09/02
Last earnings filing: 2020/03/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.