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Lewis Group

JSE:LEW
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LEW
JSE
ZAR1B
Market Cap
  1. Home
  2. ZA
  3. Retail
Company description

Lewis Group Limited, a credit retailer, sells household furniture and electrical appliances in South Africa, Botswana, Lesotho, Eswatini, and Namibia. The last earnings update was 141 days ago. More info.


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  • Lewis Group has significant price volatility in the past 3 months.
LEW Share Price and Events
7 Day Returns
-6.2%
JSE:LEW
11.8%
ZA Specialty Retail
8.7%
ZA Market
1 Year Returns
-46%
JSE:LEW
-46.8%
ZA Specialty Retail
-29.1%
ZA Market
LEW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lewis Group (LEW) -6.2% -38.2% -51.1% -46% -57.9% -79.8%
ZA Specialty Retail 11.8% -25.8% -38% -46.8% -42.5% -56.3%
ZA Market 8.7% -7.8% -21.2% -29.1% -22.4% -25.9%
1 Year Return vs Industry and Market
  • LEW matched the Specialty Retail industry (-46.8%) over the past year.
  • LEW underperformed the Market in South Africa which returned -29.1% over the past year.
Price Volatility
LEW
Industry
5yr Volatility vs Market

LEW Value

 Is Lewis 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 Lewis 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 Lewis Group.

JSE:LEW 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 18.2%
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:LEW
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 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.866 (1 + (1- 28%) (62.06%))
1.17
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (1.17 * 8.23%)
18.23%

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

The calculations below outline how an intrinsic value for Lewis 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:LEW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 18.23%)
2020 667.57 Est @ -0.69% 564.65
2021 681.57 Est @ 2.1% 487.61
2022 709.17 Est @ 4.05% 429.13
2023 747.56 Est @ 5.41% 382.62
2024 795.17 Est @ 6.37% 344.24
2025 851.15 Est @ 7.04% 311.66
2026 915.04 Est @ 7.51% 283.40
2027 986.74 Est @ 7.83% 258.49
2028 1,066.31 Est @ 8.06% 236.27
2029 1,154.02 Est @ 8.23% 216.28
Present value of next 10 years cash flows ZAR3,514.00
JSE:LEW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ZAR1,154.02 × (1 + 8.6%) ÷ (18.23% – 8.6%)
ZAR13,017.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR13,017.16 ÷ (1 + 18.23%)10
ZAR2,439.62
JSE:LEW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR3,514.00 + ZAR2,439.62
ZAR5,953.62
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR5,953.62 / 78.26
ZAR76.07
JSE:LEW Discount to Share Price
Calculation Result
Value per share (ZAR) From above. ZAR76.07
Current discount Discount to share price of ZAR16.74
= -1 x (ZAR16.74 - ZAR76.07) / ZAR76.07
78%

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

Current Discount
Amount off the current price Lewis Group is available for.
Intrinsic value
>50%
Share price is ZAR16.74 vs Future cash flow value of ZAR76.07
Current Discount Checks
For Lewis Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lewis Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lewis Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lewis Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lewis Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:LEW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in ZAR ZAR4.11
JSE:LEW Share Price ** JSE (2020-04-08) in ZAR ZAR16.74
South Africa Specialty Retail Industry PE Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 9.44x
South Africa Market PE Ratio Median Figure of 204 Publicly-Listed Companies 7.9x

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

** Primary Listing of Lewis Group.

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

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

= 16.74 ÷ 4.11

4.08x

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

  • Lewis Group is good value based on earnings compared to the ZA Specialty Retail industry average.
  • Lewis Group is good value based on earnings compared to the South Africa market.
Price based on expected Growth
Does Lewis Group's expected growth come at a high price?
Raw Data
JSE:LEW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.08x
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 1.04x
South Africa Market PEG Ratio Median Figure of 79 Publicly-Listed Companies 0.87x

*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 Lewis Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lewis Group's assets?
Raw Data
JSE:LEW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in ZAR ZAR60.09
JSE:LEW Share Price * JSE (2020-04-08) in ZAR ZAR16.74
South Africa Specialty Retail Industry PB Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 1.25x
South Africa Market PB Ratio Median Figure of 270 Publicly-Listed Companies 0.67x
JSE:LEW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 16.74 ÷ 60.09

0.28x

* Primary Listing of Lewis Group.

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

  • Lewis Group is good value based on assets compared to the ZA Specialty Retail industry average.
X
Value checks
We assess Lewis 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 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. Lewis Group has a total score of 5/6, see the detailed checks below.

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

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

LEW Future Performance

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

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

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

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.4%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lewis Group expected to grow at an attractive rate?
  • Unable to compare Lewis Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Lewis Group's earnings growth to the South Africa market average as no estimate data is available.
  • Unable to compare Lewis Group's revenue growth to the South Africa market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JSE:LEW Future Growth Rates Data Sources
Data Point Source Value (per year)
South Africa Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
South Africa Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
South Africa Market Earnings Growth Rate Market Cap Weighted Average 16.3%
South Africa Market Revenue Growth Rate Market Cap Weighted Average 8.2%

*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:LEW 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:LEW Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
JSE:LEW Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-09-30 6,316 749 330
2019-06-30 6,226 638 320
2019-03-31 6,137 528 310
2018-12-31 5,944 498 291
2018-09-30 5,803 469 272
2018-06-30 5,680 565 268
2018-03-31 5,557 661 264
2017-12-31 5,531 728 295
2017-09-30 5,505 795 326
2017-06-30 5,549 806 342
2017-03-31 5,592 816 358
2016-12-31 5,663 779 598

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Lewis Group is high growth as no earnings estimate data is available.
  • Unable to determine if Lewis Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
JSE:LEW 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 Lewis Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:LEW Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
JSE:LEW Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-09-30 4.11
2019-06-30 3.94
2019-03-31 3.77
2018-12-31 3.51
2018-09-30 3.25
2018-06-30 3.16
2018-03-31 3.07
2017-12-31 3.39
2017-09-30 3.70
2017-06-30 3.86
2017-03-31 4.03
2016-12-31 6.74

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

Next steps:

  1. Examine whether Lewis Group is trading at Lewis Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Lewis Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth 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 Lewis 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.
Lewis Group has a total score of 0/6, see the detailed checks below.

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

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

LEW Past Performance

  How has Lewis 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 Lewis Group'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.
  • Lewis Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Lewis Group's 1-year earnings growth exceeds its 5-year average (21.6% vs -27%)
  • Lewis Group's earnings growth has exceeded the ZA Specialty Retail industry average in the past year (21.6% vs -4.5%).
Earnings and Revenue History
Lewis 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 Lewis Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:LEW 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 6,315.50 330.20 3,152.70
2019-06-30 6,226.35 319.85 3,184.20
2019-03-31 6,137.20 309.50 3,215.70
2018-12-31 5,944.45 290.55 3,190.40
2018-09-30 5,803.10 271.60 3,165.10
2018-06-30 5,679.95 267.85 3,167.55
2018-03-31 5,556.80 264.10 3,170.00
2017-12-31 5,530.85 295.10 3,160.55
2017-09-30 5,504.90 326.10 3,151.10
2017-06-30 5,548.50 341.80 3,158.80
2017-03-31 5,592.10 357.50 3,166.50
2016-12-31 5,662.55 597.65 3,123.80
2016-09-30 5,733.00 837.80 3,081.10
2016-06-30 5,759.00 899.65 3,026.35
2016-03-31 5,785.00 961.50 2,971.60
2015-12-31 5,830.35 862.25 2,902.00
2015-09-30 5,875.70 763.00 2,832.40
2015-06-30 5,768.25 784.60 2,739.40
2015-03-31 5,660.80 806.20 2,646.40
2014-12-31 5,516.20 821.90 2,550.10
2014-09-30 5,325.70 803.40 2,453.80
2014-06-30 5,303.70 822.80 2,401.55
2014-03-31 5,281.70 842.20 2,349.30
2013-12-31 5,289.80 880.10 2,294.20
2013-09-30 5,297.90 918.00 2,239.10
2013-06-30 5,242.75 914.85 2,188.30

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

LEW Health

 How is Lewis 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 Lewis Group's finances.

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

JSE:LEW Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 4,780.80 0.00 562.00
2019-06-30 4,780.80 0.00 562.00
2019-03-31 4,876.10 0.00 545.40
2018-12-31 4,876.10 0.00 545.40
2018-09-30 4,837.70 501.90 677.00
2018-06-30 4,837.70 501.90 677.00
2018-03-31 5,448.50 531.60 743.80
2017-12-31 5,448.50 531.60 743.80
2017-09-30 5,420.90 634.80 928.50
2017-06-30 5,420.90 634.80 928.50
2017-03-31 5,440.40 947.30 1,083.50
2016-12-31 5,440.40 947.30 1,083.50
2016-09-30 5,363.00 1,844.10 1,654.40
2016-06-30 5,363.00 1,844.10 1,654.40
2016-03-31 5,449.40 1,975.00 1,823.70
2015-12-31 5,449.40 1,975.00 1,823.70
2015-09-30 5,421.20 1,746.00 353.60
2015-06-30 5,421.20 1,746.00 353.60
2015-03-31 5,448.60 1,574.00 349.30
2014-12-31 5,824.00 1,574.00 349.30
2014-09-30 5,438.20 1,576.60 428.30
2014-06-30 5,438.20 1,576.60 428.30
2014-03-31 5,341.80 1,758.00 763.80
2013-12-31 5,341.80 1,758.00 763.80
2013-09-30 5,018.10 1,563.40 512.30
2013-06-30 5,018.10 1,563.40 512.30
  • Lewis Group has no debt.
  • Lewis Group has no debt compared to 5 years ago when it was 29%.
  • Lewis Group has no debt, it does not need to be covered by operating cash flow.
  • Lewis Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Lewis 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. Lewis 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.

LEW Dividends

 What is Lewis 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
15.41%
Current annual income from Lewis Group dividends.
If you bought ZAR2,000 of Lewis Group shares you are expected to receive ZAR308 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?
  • Lewis Group's pays a higher dividend yield than the bottom 25% of dividend payers in South Africa (4.57%).
  • Lewis Group's dividend is above the markets top 25% of dividend payers in South Africa (13.39%).
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:LEW 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 6.4%
South Africa Market Average Dividend Yield Market Cap Weighted Average of 170 Stocks 5.1%
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 13.4%

Industry and Market average data is calculated daily.

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

JSE:LEW Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
JSE:LEW Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-07-09 2.580 8.951
2019-05-22 2.580 7.389
2018-11-21 2.100 6.590
2018-06-29 2.000 6.764
2018-05-23 2.000 6.267
2017-11-13 2.000 6.063
2017-05-24 2.000 6.602
2016-06-27 5.170 12.855
2016-05-25 5.170 10.746
2015-05-27 5.170 9.116
2014-05-28 5.170 7.250
2013-11-12 5.170 8.250
2013-05-22 5.140 8.190
2012-11-12 4.820 7.404
2012-05-23 4.420 6.184
2011-05-23 3.630 4.714
2010-05-19 3.230 4.689
2009-11-10 3.230 5.908
2009-05-18 3.230 6.364
2009-04-15 3.230 7.528

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Lewis Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x 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 Lewis Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lewis Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lewis Group has a total score of 3/6, see the detailed checks below.


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

LEW Management

 What is the CEO of Lewis 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
Johan Enslin
COMPENSATION ZAR9,733,000
AGE 45
TENURE AS CEO 10.5 years
CEO Bio

Mr. Johan Enslin has been Chief Executive Officer and Executive Director of Lewis Group Limited since October 1, 2009. Mr. Enslin served as the Chief Operating Officer of Lewis Group Ltd. since April 1, 2007. He has been responsible for the entire retail operations of the group. He served as a General Manager of Operations at Lewis Group Ltd. since April 2005 and served as its Operations Director. He was responsible for the day-to-day operational management of all Lewis branches. Mr. Enslin joined Lewis as a salesman in August 1993 and served as its Branch Manager, where he managed four different branches. Mr. Enslin served as an Assistant Regional Controller of Lewis Group since 1996, served as Regional Controller since April 1997 and Divisional General Manager since 2002.

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

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

3
Average Tenure
46
Average Age
  • The tenure for the Lewis Group management team is about average.
Management Team

Johan Enslin

TITLE
CEO & Executive Director
COMPENSATION
ZAR10M
AGE
45
TENURE
10.5 yrs

Jacques Bestbier

TITLE
CFO & Executive Director
COMPENSATION
ZAR5M
AGE
46
TENURE
2 yrs

Rinus Oliphant

TITLE
Operations Director
AGE
43
TENURE
3 yrs

Marc Alexander

TITLE
General Manager of Risk & Compliance
AGE
42
TENURE
3.6 yrs

Gary Nuttal

TITLE
Marketing Manager
AGE
54

Waleed Achmat

TITLE
Human Resources Director
AGE
56
TENURE
2.9 yrs

Les Davies

TITLE
IT & Insurance Director and CEO of Monarch Insurance
COMPENSATION
ZAR3M
AGE
63

Vince van der Merwe

TITLE
Chief Audit Executive
AGE
50

Ignatia Ntokozo Makomba

TITLE
Company Secretary
AGE
33
TENURE
1.8 yrs

Sharon Röhm

TITLE
Corporate Social Responsibility Manager
Board of Directors Tenure

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

2.8
Average Tenure
57
Average Age
  • The average tenure for the Lewis Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hilton Saven

TITLE
Independent Non-Executive Chairman
COMPENSATION
ZAR1M
AGE
66
TENURE
2.3 yrs

Johan Enslin

TITLE
CEO & Executive Director
COMPENSATION
ZAR10M
AGE
45
TENURE
10.5 yrs

Jacques Bestbier

TITLE
CFO & Executive Director
COMPENSATION
ZAR5M
AGE
46
TENURE
2 yrs

Fatima Abrahams

TITLE
Independent Non Executive Director
COMPENSATION
ZAR1M
AGE
57
TENURE
14.6 yrs

Duncan Westcott

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR1M
AGE
68
TENURE
2.3 yrs

Adheera Bodasing

TITLE
Non-Executive Director
COMPENSATION
ZAR596K
AGE
45
TENURE
2.8 yrs

Daphne Motsepe

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR664K
AGE
61
TENURE
2.8 yrs

Tapiwa Njikizana

TITLE
Independent Non-Executive Director
AGE
43
TENURE
0.7 yrs

Ray Sanger

TITLE
Non-Executive Director of Monarch Insurance
TENURE
17.1 yrs

Robert Shaw

TITLE
Non-Executive Director of Monarch Insurance Company
AGE
69
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)
12. Jun 19 Buy Lewis Group Ltd., Employee Incentive Scheme Trust Company 07. Jun 19 11. Jun 19 364,034 ZAR36.24 ZAR2,594,688
07. Jun 19 Buy Lewis Group Ltd., Employee Incentive Scheme Trust Company 04. Jun 19 06. Jun 19 153,819 ZAR37.67 ZAR109,816
28. May 19 Buy Lewis Group Ltd., Employee Incentive Scheme Trust Company 23. May 19 24. May 19 43,039 ZAR35.29 ZAR1,505,794
X
Management checks
We assess Lewis 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. Lewis 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.

LEW News

Simply Wall St News

LEW Company Info

Description

Lewis Group Limited, a credit retailer, sells household furniture and electrical appliances in South Africa, Botswana, Lesotho, Eswatini, and Namibia. It operates through Lewis, Best Home and Electric, and Beares segments. The company’s stores offer home electronics; sound and vision equipment; and lounge, bedroom, and dining room furniture products under the Lewis, Best Home and Electric, UFO, Inspire, and Beares brands. In addition, it provides short-term insurance to customers purchasing merchandise on credit. The company operates approximately 784 stores. Lewis Group Limited was founded in 1934 and is based in Cape Town, South Africa.

Details
Name: Lewis Group Limited
LEW
Exchange: JSE
Founded: 1934
ZAR1,310,108,524
78,262,158
Website: http://www.lewisgroup.co.za
Address: Lewis Group Limited
Universal House,
53A Victoria Road,
Cape Town,
Western Cape, 7925,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE LEW Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 04. Oct 2004
Number of employees
Current staff
Staff numbers
7,894
Lewis Group employees.
Industry
Homefurnishing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 16:30
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2018/05/23
Last earnings filing: 2019/11/20
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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

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