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.

Mr Price Group

JSE:MRP
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MRP
JSE
ZAR29B
Market Cap
  1. Home
  2. ZA
  3. Retail
Company description

Mr Price Group Limited, together with its subsidiaries, operates as a fashion-value retailer serving women, men, and children in South Africa and internationally. The last earnings update was 134 days ago. More info.


Add to Portfolio Compare Print
  • Mr Price Group has significant price volatility in the past 3 months.
MRP Share Price and Events
7 Day Returns
-4.9%
JSE:MRP
-12.1%
ZA Specialty Retail
-5.2%
ZA Market
1 Year Returns
-42.5%
JSE:MRP
-50.2%
ZA Specialty Retail
-33.8%
ZA Market
MRP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mr Price Group (MRP) -4.9% -27.6% -38.2% -42.5% -24.2% -60.1%
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
  • MRP outperformed the Specialty Retail industry which returned -50.2% over the past year.
  • MRP underperformed the Market in South Africa which returned -33.8% over the past year.
Price Volatility
MRP
Industry
5yr Volatility vs Market

MRP Value

 Is Mr Price 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 Mr Price 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 Mr Price Group.

JSE:MRP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-28) in ZAR ZAR 7.8885447619048
Payout Ratio Company Filings (2019-09-28) 6822.2%
Discount Rate (Cost of Equity) See below 16.6%
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:MRP
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%) (17.14%))
0.971
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.971 * 8.23%)
16.59%

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

The calculations below outline how an intrinsic value for Mr Price Group 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:MRP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ZAR7.89 / (16.59% - 8.6%)
ZAR98.7
JSE:MRP Discount to Share Price
Calculation Result
Value per share (ZAR) From above. ZAR98.70
Current discount Discount to share price of ZAR112.71
= -1 x (ZAR112.71 - ZAR98.70) / ZAR98.70
-14.2%

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

  • The current share price of Mr Price Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mr Price Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mr Price Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:MRP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-28) in ZAR ZAR10.92
JSE:MRP Share Price ** JSE (2020-04-02) in ZAR ZAR112.71
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 Mr Price Group.

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

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

= 112.71 ÷ 10.92

10.32x

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

  • Mr Price Group is overvalued based on earnings compared to the ZA Specialty Retail industry average.
  • Mr Price Group is overvalued based on earnings compared to the South Africa market.
Price based on expected Growth
Does Mr Price Group's expected growth come at a high price?
Raw Data
JSE:MRP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
9.3%per year
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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.32x ÷ 9.3%

1.11x

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

  • Mr Price Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mr Price Group's assets?
Raw Data
JSE:MRP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-28) in ZAR ZAR32.73
JSE:MRP Share Price * JSE (2020-04-02) in ZAR ZAR112.71
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:MRP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 112.71 ÷ 32.73

3.44x

* Primary Listing of Mr Price Group.

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

  • Mr Price Group is overvalued based on assets compared to the ZA Specialty Retail industry average.
X
Value checks
We assess Mr Price 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. Mr Price Group has a total score of 0/6, see the detailed checks below.

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

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

MRP Future Performance

 How is Mr Price Group expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mr Price Group expected to grow at an attractive rate?
  • Mr Price Group's earnings growth is expected to exceed the low risk savings rate of 8.6%.
Growth vs Market Checks
  • Mr Price Group's earnings growth is positive but not above the South Africa market average.
  • Mr Price Group's revenue growth is positive but not above the South Africa market average.
Annual Growth Rates Comparison
Raw Data
JSE:MRP Future Growth Rates Data Sources
Data Point Source Value (per year)
JSE:MRP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 9.3%
JSE:MRP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 4.3%
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:MRP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
JSE:MRP Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 26,080 4,189 1
2023-03-31 24,527 3,621 1
2022-03-31 23,584 3,972 3,278 9
2021-03-31 21,531 3,491 2,665 10
2020-04-03
2020-03-31 21,534 3,685 2,809 10
JSE:MRP Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-09-28 22,599 4,792 2,829
2019-06-28 22,480 3,825 2,906
2019-03-30 22,361 2,857 2,982
2018-12-30 22,123 3,156 2,972
2018-09-29 21,897 3,454 2,942
2018-06-29 21,541 3,478 2,862
2018-03-31 21,185 3,502 2,781
2017-12-31 20,722 3,129 2,631
2017-09-30 20,259 2,756 2,480
2017-06-30 19,969 2,665 2,372
2017-04-01 19,679 2,574 2,263
2017-01-01 19,875 2,267 2,377
2016-10-01 20,071 1,960 2,490

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mr Price Group's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Mr Price Group's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
JSE:MRP 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 10 Analyst Estimates (S&P Global) See Below

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

JSE:MRP Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 15.95 15.95 15.95 1.00
2023-03-31 13.79 13.79 13.79 1.00
2022-03-31 11.86 14.91 9.28 6.00
2021-03-31 9.84 13.72 6.26 7.00
2020-04-03
2020-03-31 10.59 11.02 10.06 5.00
JSE:MRP Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-09-28 10.92
2019-06-28 11.22
2019-03-30 11.52
2018-12-30 11.49
2018-09-29 11.38
2018-06-29 11.07
2018-03-31 10.76
2017-12-31 10.20
2017-09-30 9.63
2017-06-30 9.24
2017-04-01 8.85
2017-01-01 9.33
2016-10-01 9.81

*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.
  • Mr Price Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Mr Price 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.
Mr Price Group has a total score of 2/6, see the detailed checks below.

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

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

MRP Past Performance

  How has Mr Price 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 Mr Price 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.
  • Mr Price Group's year on year earnings growth rate has been positive over the past 5 years.
  • Mr Price Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mr Price Group's 1-year earnings growth is negative, it can't be compared to the ZA Specialty Retail industry average.
Earnings and Revenue History
Mr Price 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 Mr Price Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:MRP Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-28 22,599.00 2,829.00 5,959.00
2019-06-28 22,480.00 2,905.50 6,032.50
2019-03-30 22,361.00 2,982.00 6,106.00
2018-12-30 22,122.50 2,972.00 6,078.00
2018-09-29 21,897.00 2,942.00 6,067.00
2018-06-29 21,541.00 2,861.50 5,969.00
2018-03-31 21,185.00 2,781.00 5,871.00
2017-12-31 20,722.00 2,630.50 5,646.50
2017-09-30 20,259.00 2,480.00 5,422.00
2017-06-30 19,969.00 2,371.50 5,301.50
2017-04-01 19,679.00 2,263.00 5,181.00
2017-01-01 19,875.00 2,376.50 5,188.00
2016-10-01 20,071.00 2,490.00 5,195.00
2016-07-01 19,997.00 2,567.50 5,100.50
2016-04-02 19,923.00 2,645.00 5,006.00
2016-01-02 19,344.50 2,546.50 4,888.00
2015-09-26 18,766.00 2,448.00 4,770.00
2015-06-26 18,388.50 2,370.50 4,759.50
2015-03-28 18,011.00 2,293.00 4,749.00
2014-12-28 17,447.50 2,167.50 4,682.50
2014-09-27 16,884.00 2,042.00 4,616.00
2014-06-27 16,356.50 1,955.00 4,500.50
2014-03-29 15,829.00 1,868.00 4,385.00
2013-12-29 15,272.50 1,772.00 4,282.00
2013-09-28 14,716.00 1,676.00 4,179.00
2013-06-28 14,230.00 1,605.00 4,055.00

*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.
  • Mr Price Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Mr Price Group used its assets more efficiently than the ZA Specialty Retail industry average last year based on Return on Assets.
  • Mr Price Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mr Price 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.
Mr Price Group has a total score of 3/6, 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.

MRP Health

 How is Mr Price 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 Mr Price Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mr Price Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mr Price Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mr Price 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.
  • Debt is covered by short term assets, assets are 64.4x 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 Mr Price Group Company Filings, last reported 6 months ago.

JSE:MRP Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-28 8,487.00 147.00 4,310.00
2019-06-28 8,487.00 147.00 4,310.00
2019-03-30 8,682.00 125.00 3,275.00
2018-12-30 8,682.00 125.00 3,275.00
2018-09-29 7,666.00 6.00 2,562.00
2018-06-29 7,666.00 6.00 2,562.00
2018-03-31 7,455.00 36.00 2,756.00
2017-12-31 7,455.00 36.00 2,756.00
2017-09-30 6,616.00 51.00 1,560.00
2017-06-30 6,616.00 51.00 1,560.00
2017-04-01 6,729.00 90.00 1,823.00
2017-01-01 6,729.00 90.00 1,823.00
2016-10-01 5,530.00 48.00 1,098.00
2016-07-01 5,530.00 48.00 1,098.00
2016-04-02 5,620.00 36.00 1,419.00
2016-01-02 5,620.00 36.00 1,419.00
2015-09-26 4,801.00 28.00 2,110.00
2015-06-26 4,801.00 28.00 2,110.00
2015-03-28 5,021.00 15.00 2,764.00
2014-12-28 5,021.00 15.00 2,764.00
2014-09-27 4,126.00 7.00 2,059.00
2014-06-27 4,126.00 7.00 2,059.00
2014-03-29 3,922.00 6.00 2,252.00
2013-12-29 3,922.00 6.00 2,252.00
2013-09-28 3,342.00 0.00 1,585.00
2013-06-28 3,342.00 0.00 1,585.00
  • Mr Price Group's level of debt (1.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.2% vs 1.7% today).
  • Debt is well covered by operating cash flow (3259.9%, greater than 20% of total debt).
  • Mr Price Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Mr Price 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. Mr Price Group has a total score of 5/6, 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.

MRP Dividends

 What is Mr Price Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.53%
Current annual income from Mr Price Group dividends. Estimated to be 7% next year.
If you bought ZAR2,000 of Mr Price Group shares you are expected to receive ZAR131 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?
  • Mr Price Group's pays a higher dividend yield than the bottom 25% of dividend payers in South Africa (4.65%).
  • Mr Price Group's dividend is below the markets top 25% of dividend payers in South Africa (13.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
JSE:MRP 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 10 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:MRP Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 11.98 1.00
2023-03-31 10.36 1.00
2022-03-31 8.16 9.00
2021-03-31 6.99 10.00
2020-04-03
2020-03-31 7.05 10.00
JSE:MRP Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-11-21 7.362 4.567
2019-07-02 7.362 4.329
2019-06-03 7.362 3.638
2018-11-22 7.255 3.378
2018-06-11 6.931 3.053
2018-06-01 6.931 2.779
2017-11-20 7.178 2.799
2017-05-30 6.670 3.846
2016-11-14 6.472 4.139
2016-05-23 6.670 3.682
2015-11-13 6.165 3.494
2015-05-22 5.800 2.562
2014-05-27 4.820 2.176
2013-11-12 4.330 2.827
2013-05-22 3.980 2.978
2012-11-14 3.534 2.780
2012-05-23 3.140 2.581
2011-12-19 2.689 2.941
2011-05-26 2.520 3.507
2011-04-15 2.520 3.857
2010-11-15 2.035 3.278
2010-05-26 1.730 3.412
2009-11-11 1.390 3.723
2009-05-27 1.330 4.329

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Mr Price Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Mr Price 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 Mr Price Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mr Price Group has a total score of 5/6, see the detailed checks below.


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

MRP Management

 What is the CEO of Mr Price 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
Mark Blair
COMPENSATION ZAR20,326,000
AGE 53
TENURE AS CEO 1.3 years
CEO Bio

Mr. Mark McNeil Blair, CA (SA), has been Chief Executive Officer of Mr Price Group Limited since January 1, 2019 and serves as its Member of Group Management Board. Mr. Blair serves as Special Projects Director of Mr. Price Group Ltd. Mr. Blair was Chief Financial Officer of Mr Price Group Limited since April 1, 2007 until January 1, 2019. Mr. Blair has been Executive Director of Mr Price Group Limited since March 1, 2006.

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

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

1.3
Average Tenure
53
Average Age
  • The average tenure for the Mr Price Group management team is less than 2 years, this suggests a new team.
Management Team

Mark Blair

TITLE
CEO, Member of Group Management Board & Executive Director
COMPENSATION
ZAR20M
AGE
53
TENURE
1.3 yrs

Mark Stirton

TITLE
Group Chief Financial Officer & Executive Director
COMPENSATION
ZAR12M
AGE
39
TENURE
1.3 yrs

Steve Ellis

TITLE
MD - Miladys & Member of Group Management Board
COMPENSATION
ZAR6M
AGE
57

Roger Maingard

TITLE
MD of MRPSport & Member of Group Management Board
AGE
54

Arn De Haas

TITLE
Chief Operating Officer
AGE
49
TENURE
1.3 yrs

Matthew Warriner

TITLE
Head of Investor Relation

T. Clarke

TITLE
Group Legal & Compliance Officer

Russell Rensburg

TITLE
Group People Director

Verna Botha-Richards

TITLE
Head of Corporate Services & Sustainability
AGE
51

Greg Azzopardi

TITLE
Managing Director of Group Real Estate
AGE
58
Board of Directors Tenure

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

8.3
Average Tenure
57.5
Average Age
  • The tenure for the Mr Price Group board of directors is about average.
Board of Directors

Nigel George Payne

TITLE
Independent Non-Executive Chairman
AGE
59
TENURE
8.3 yrs

Mark Blair

TITLE
CEO, Member of Group Management Board & Executive Director
COMPENSATION
ZAR20M
AGE
53
TENURE
14.1 yrs

Stewart Cohen

TITLE
Honorary Chairman
AGE
74

Mark Stirton

TITLE
Group Chief Financial Officer & Executive Director
COMPENSATION
ZAR12M
AGE
39
TENURE
1.3 yrs

Steve Ellis

TITLE
MD - Miladys & Member of Group Management Board
COMPENSATION
ZAR6M
AGE
57
TENURE
9.7 yrs

Daisy Naidoo

TITLE
Independent Non-Executive Director
AGE
47
TENURE
7.9 yrs

Mark Bowman

TITLE
Lead Independent Non-Executive Director
AGE
52
TENURE
1.3 yrs

Bobby Johnston

TITLE
Independent Non-Executive Director
AGE
70
TENURE
22.2 yrs

Maud Motanyane-Welch

TITLE
Independent Non-Executive Director
AGE
68
TENURE
11.6 yrs

Brenda Niehaus

TITLE
Independent Non-Executive Director
AGE
58
TENURE
2.2 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)
02. Dec 19 Buy Mr Price Group Executive Director Share Trust Company 26. Nov 19 26. Nov 19 36,964 ZAR178.66 ZAR6,603,933
29. Aug 19 Buy Mr Price Group Executive Director Share Trust Company 27. Aug 19 27. Aug 19 362,564 ZAR160.00 ZAR57,064,634
18. Jul 19 Sell Stewart Cohen Individual 12. Jul 19 12. Jul 19 -100,000 ZAR198.81 ZAR-19,858,049
X
Management checks
We assess Mr Price 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. Mr Price 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.

MRP News

Simply Wall St News

MRP Company Info

Description

Mr Price Group Limited, together with its subsidiaries, operates as a fashion-value retailer serving women, men, and children in South Africa and internationally. The company operates through three segments: Apparel, Home, and Financial Services and Cellular. It offers clothing, accessories, underwear, and shoes; homewares, furniture, and kids merchandise; sporting and outdoor apparel, footwear, and equipment; women’s smart and casual fashion apparel, and intimate wear; and home textile and décor products for bed, living, bath, and dining rooms, as well as for kitchen. The company also grants credit; manages and collects debtor's books; markets financial services and mobile products; and offers store cards, airtimes, and insurance products. It markets its products under the mrp, mrphome, mrpsport, Miladys, Sheet Street, and mrpmoney brand names. The company serves customers through a retail distribution of 1,323 corporate-owned stores and 36 franchised stores in Africa, as well as through its online channels. Mr Price Group Limited was founded in 1885 and is based in Durban, South Africa.

Details
Name: Mr Price Group Limited
MRP
Exchange: JSE
Founded: 1885
ZAR29,222,997,960
259,276,000
Website: http://www.mrpricegroup.com
Address: Mr Price Group Limited
North Concourse,
Upper Level,
Durban,
KwaZulu-Natal, 4001,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE MRP Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 04. Aug 1994
OTCPK MRPZ.F Ordinary Shares Pink Sheets LLC US USD 04. Aug 1994
OTCPK MRPL.Y SPONSORED ADR Pink Sheets LLC US USD 29. Jun 2012
Number of employees
Current staff
Staff numbers
18,983
Mr Price Group employees.
Industry
Apparel Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 16:32
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2019/11/21
Last earnings reported: 2019/09/28
Last annual earnings reported: 2019/03/30


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.