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Super Group

JSE:SPG
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPG
JSE
ZAR5B
Market Cap
  1. Home
  2. ZA
  3. Retail
Company description

Super Group Limited engages in the supply chain management, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Australia, Europe, New Zealand, and the United Kingdom. The last earnings update was 39 days ago. More info.


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  • Super Group has significant price volatility in the past 3 months.
SPG Share Price and Events
7 Day Returns
-9.2%
JSE:SPG
-12.1%
ZA Specialty Retail
-5.2%
ZA Market
1 Year Returns
-58.1%
JSE:SPG
-50.2%
ZA Specialty Retail
-33.8%
ZA Market
SPG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Super Group (SPG) -9.2% -36.5% -51.1% -58.1% -61.6% -62.2%
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
  • SPG underperformed the Specialty Retail industry which returned -50.2% over the past year.
  • SPG underperformed the Market in South Africa which returned -33.8% over the past year.
Price Volatility
SPG
Industry
5yr Volatility vs Market

SPG Value

 Is Super 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 Super 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 Super Group.

JSE:SPG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 21.2%
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:SPG
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%) (199.71%))
1.535
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (1.535 * 8.23%)
21.24%

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

The calculations below outline how an intrinsic value for Super 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:SPG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 21.24%)
2020 1,063.55 Analyst x2 877.26
2021 1,156.50 Analyst x2 786.84
2022 1,173.80 Analyst x1 658.73
2023 1,215.31 Est @ 3.54% 562.56
2024 1,276.76 Est @ 5.06% 487.48
2025 1,354.88 Est @ 6.12% 426.70
2026 1,447.87 Est @ 6.86% 376.12
2027 1,554.79 Est @ 7.38% 333.15
2028 1,675.27 Est @ 7.75% 296.09
2029 1,809.36 Est @ 8% 263.77
Present value of next 10 years cash flows ZAR5,068.00
JSE:SPG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ZAR1,809.36 × (1 + 8.6%) ÷ (21.24% – 8.6%)
ZAR15,551.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR15,551.29 ÷ (1 + 21.24%)10
ZAR2,267.11
JSE:SPG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR5,068.00 + ZAR2,267.11
ZAR7,335.11
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR7,335.11 / 361.55
ZAR20.29
JSE:SPG Discount to Share Price
Calculation Result
Value per share (ZAR) From above. ZAR20.29
Current discount Discount to share price of ZAR13.70
= -1 x (ZAR13.70 - ZAR20.29) / ZAR20.29
32.5%

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

Current Discount
Amount off the current price Super Group is available for.
Intrinsic value
32%
Share price is ZAR13.7 vs Future cash flow value of ZAR20.29
Current Discount Checks
For Super Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Super Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Super Group's share price is below the future cash flow value, but not 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 Super Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Super Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:SPG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in ZAR ZAR3.27
JSE:SPG Share Price ** JSE (2020-04-02) in ZAR ZAR13.7
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 Super Group.

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

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

= 13.7 ÷ 3.27

4.2x

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

  • Super Group is good value based on earnings compared to the ZA Specialty Retail industry average.
  • Super Group is good value based on earnings compared to the South Africa market.
Price based on expected Growth
Does Super Group's expected growth come at a high price?
Raw Data
JSE:SPG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
13.8%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:SPG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.2x ÷ 13.8%

0.3x

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

  • Super Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Super Group's assets?
Raw Data
JSE:SPG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in ZAR ZAR30.46
JSE:SPG Share Price * JSE (2020-04-02) in ZAR ZAR13.7
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:SPG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 13.7 ÷ 30.46

0.45x

* Primary Listing of Super Group.

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

  • Super Group is good value based on assets compared to the ZA Specialty Retail industry average.
X
Value checks
We assess Super 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. Super 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.

SPG Future Performance

 How is Super Group expected to perform in the next 1 to 3 years based on estimates from 4 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
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Super Group expected to grow at an attractive rate?
  • Super Group's earnings growth is expected to exceed the low risk savings rate of 8.6%.
Growth vs Market Checks
  • Super Group's earnings growth is positive but not above the South Africa market average.
  • Super Group's revenue growth is positive but not above the South Africa market average.
Annual Growth Rates Comparison
Raw Data
JSE:SPG Future Growth Rates Data Sources
Data Point Source Value (per year)
JSE:SPG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 13.8%
JSE:SPG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.5%
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:SPG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
JSE:SPG Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 44,682 1
2022-06-30 41,176 3,074 1,498 3
2021-06-30 38,710 2,821 1,019 4
2020-06-30 36,908 2,657 878 4
2020-04-03
JSE:SPG Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-12-31 37,284 2,363 1,183
2019-09-30 37,573 2,129 1,245
2019-06-30 37,862 1,894 1,308
2019-03-31 37,500 2,180 1,277
2018-12-31 37,138 2,467 1,247
2018-09-30 36,400 2,476 1,199
2018-06-30 35,663 2,485 1,152
2018-03-31 34,704 2,236 1,094
2017-12-31 33,745 1,988 1,037
2017-09-30 31,810 2,131 1,015
2017-06-30 29,874 2,273 993
2017-03-31 28,838 2,199 994

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Super Group's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Super Group's revenue is expected to grow by 5.5% 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:SPG 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 4 Analyst Estimates (S&P Global) See Below

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

JSE:SPG Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30 4.04 4.10 3.99 2.00
2021-06-30 3.07 3.60 2.04 3.00
2020-06-30 2.75 3.31 1.74 3.00
2020-04-03
JSE:SPG Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-12-31 3.27
2019-09-30 3.44
2019-06-30 3.61
2019-03-31 3.52
2018-12-31 3.44
2018-09-30 3.32
2018-06-30 3.21
2018-03-31 3.08
2017-12-31 2.94
2017-09-30 2.89
2017-06-30 2.85
2017-03-31 2.86

*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.
  • Super Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Super 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.
Super Group has a total score of 1/6, 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.

SPG Past Performance

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

JSE:SPG 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 37,283.67 1,183.39 530.82
2019-09-30 37,572.72 1,245.45 530.82
2019-06-30 37,861.77 1,307.50 530.82
2019-03-31 37,499.95 1,277.07 518.38
2018-12-31 37,138.12 1,246.63 505.93
2018-09-30 36,400.49 1,199.11 505.93
2018-06-30 35,662.86 1,151.58 505.93
2018-03-31 34,704.07 1,094.09 475.43
2017-12-31 33,745.28 1,036.60 444.92
2017-09-30 31,809.57 1,014.67 444.92
2017-06-30 29,873.86 992.74 444.92
2017-03-31 28,837.66 993.97 398.87
2016-12-31 27,801.46 995.20 352.83
2016-09-30 26,875.23 990.58 352.83
2016-06-30 25,949.00 985.95 352.83
2016-03-31 24,631.14 948.57 328.73
2015-12-31 23,313.27 911.19 304.63
2015-09-30 21,565.59 858.96 304.63
2015-06-30 19,817.92 806.73 304.63
2015-03-31 17,862.73 783.60 275.01
2014-12-31 15,907.55 760.47 245.39
2014-09-30 15,102.16 744.82 245.39
2014-06-30 14,296.77 729.17 245.39
2014-03-31 13,861.22 719.11 224.19
2013-12-31 13,425.67 709.05 202.99
2013-09-30 12,571.82 672.86 202.99
2013-06-30 11,717.97 636.68 202.99

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

SPG Health

 How is Super 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 Super Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Super Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Super Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Super 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 1.8x 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 Super Group Company Filings, last reported 3 months ago.

JSE:SPG Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 12,702.43 7,252.25 3,377.76
2019-09-30 12,702.43 7,252.25 3,377.76
2019-06-30 12,613.02 6,651.68 3,597.34
2019-03-31 12,613.02 6,651.68 3,597.34
2018-12-31 12,150.50 6,735.16 3,673.16
2018-09-30 12,150.50 6,735.16 3,673.16
2018-06-30 11,377.13 6,219.63 3,370.99
2018-03-31 11,377.13 6,219.63 3,370.99
2017-12-31 10,497.46 5,905.27 2,583.55
2017-09-30 10,497.46 5,905.27 2,583.55
2017-06-30 9,855.34 5,857.68 2,741.92
2017-03-31 9,855.34 5,857.68 2,741.92
2016-12-31 9,371.53 5,496.86 2,536.94
2016-09-30 9,371.53 5,496.86 2,536.94
2016-06-30 9,301.79 5,159.36 3,145.81
2016-03-31 9,301.79 5,159.36 3,145.81
2015-12-31 8,673.93 5,615.80 2,852.89
2015-09-30 8,673.93 5,615.80 2,852.89
2015-06-30 5,932.68 3,165.58 2,125.39
2015-03-31 5,932.68 3,165.58 2,125.39
2014-12-31 5,478.14 2,951.08 2,153.01
2014-09-30 5,478.14 2,951.08 2,153.01
2014-06-30 5,221.49 2,316.33 2,045.88
2014-03-31 5,221.49 2,316.33 2,045.88
2013-12-31 4,779.48 2,685.04 2,444.01
2013-09-30 4,779.48 2,685.04 2,444.01
2013-06-30 4,284.31 2,031.31 1,877.90
  • Super Group's level of debt (57.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (53.9% vs 57.1% today).
  • Debt is well covered by operating cash flow (32.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Super 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. Super Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

SPG Dividends

 What is Super 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
0%
Current annual income from Super Group dividends. Estimated to be 0% next year.
If you bought ZAR2,000 of Super Group shares you are expected to receive ZAR0 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?
  • Unable to evaluate Super Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Super Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:SPG 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 4 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:SPG Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30 0.00 1.00
2021-06-30 0.00 2.00
2020-06-30 0.00 2.00
2020-04-03

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

  • Unable to perform a dividend volatility check as Super Group has not reported any payouts.
  • Unable to verify if Super Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Super Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Super Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Super Group's dividends in 3 years as they are not expected to pay a notable one for South Africa.
X
Income/ dividend checks
We assess Super 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 Super Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Super Group has a total score of 0/6, see the detailed checks below.


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

SPG Management

 What is the CEO of Super 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
Peter Mountford
COMPENSATION ZAR15,666,543
AGE 61
TENURE AS CEO 10.8 years
CEO Bio

Mr. Peter William Mountford, B.Com, B.Acc, HDip Tax, MBA, CA(SA) serves as the Chief Executive Officer of Consumer Products Division at Imperial Logistics. Mr. Mountford has been the Chief Executive Officer of Super Group Limited since July 29, 2009. He served as the Chief Executive Officer at RMB Asset Management Proprietary Limited. He served as Group Financial Director of the Lion Match Company Proprietary Limited and Chief Executive Officer of SA Breweries' diversified beverages interests, which includes brands like Appletizer, Liquifruit and associated supply chain businesses. He has over 20 years of senior management experience. He served as Managing Director of Super Group's Logistics and Transport division and later its Supply Chain division. He has executive experience in, inter alia, strategic planning, corporate finance, risk mitigation and asset management. His experience also includes six years as the Chief Executive Officer of Imperial Holdings' Consumer Logistics division and the Managing Director of South African Breweries Diversified Beverages. He served as Chairman of the RMB Unit Trust businesses from 1995 to 1999. Mr. Mountford serves as a Director of Super Group Holdings (Pty) Ltd. and the Road Freight Association in South Africa. He served as Non-Executive Director of African Phoenix Investments Limited from March 28, 2017 to July 19, 2017. He has been a Non-Executive Director at SG Fleet Group Limited since February 12, 2014. He has been an Executive Director of Super Group Limited since July 29, 2009 and SG Fleet Holdings since April 2011. He is a Director of Bluefin Investments Limited (Mauritius - Unlisted). He served as a Director of Imperial Logistics. He holds Bachelor of Commerce and Bachelor of Accountancy from the University of the Witwatersrand, Chartered Accountant, Higher Diploma in Taxation from the University of Witwatersrand and MBA (With Distinction) from Warwick University.

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

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

10.8
Average Tenure
53
Average Age
  • The average tenure for the Super Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Peter Mountford

TITLE
Group CEO & Executive Director
COMPENSATION
ZAR16M
AGE
61
TENURE
10.8 yrs

Colin Brown

TITLE
Group CFO & Executive Director
COMPENSATION
ZAR7M
AGE
50
TENURE
10.2 yrs

Graeme Watson

TITLE
Chief Executive Officer of Dealerships
AGE
53
TENURE
13.3 yrs

Reyaaz Mahmood

TITLE
Head of Group Audit Services & Risk Manager

Robbie Blau

TITLE
Chief Executive Officer SG Fleet
AGE
50
TENURE
13.8 yrs

Zack Sieberhagen

TITLE
Group Financial Controller

Torsten Prelle

TITLE
Chief Executive Officer of SG IN tIME
AGE
55
TENURE
19.3 yrs

Bonisile Makubalo

TITLE
Chief Executive Officer of Fleet Africa
AGE
49
TENURE
2.8 yrs

Mike Phillips

TITLE
Chief Executive Officer of Dealerships UK
AGE
63

John Mackay

TITLE
Company Secretary
TENURE
0.3 yrs
Board of Directors Tenure

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

7.5
Average Tenure
55
Average Age
  • The tenure for the Super Group board of directors is about average.
Board of Directors

Phillip Vallet

TITLE
Independent Non-Executive Chairman
COMPENSATION
ZAR1M
AGE
73

Peter Mountford

TITLE
Group CEO & Executive Director
COMPENSATION
ZAR16M
AGE
61
TENURE
10.8 yrs

Colin Brown

TITLE
Group CFO & Executive Director
COMPENSATION
ZAR7M
AGE
50
TENURE
10.2 yrs

Valentine Chitalu

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR553K
AGE
54
TENURE
11.3 yrs

David Cathrall

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR53K
TENURE
0.8 yrs

Mariam Cassim

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR598K
AGE
37
TENURE
4.8 yrs

Oyama Mabandla

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR426K
AGE
56
TENURE
1.6 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)
17. Mar 20 Buy Super Group Ltd., ESOP Company 16. Mar 20 16. Mar 20 568,429 ZAR19.00 ZAR10,609,358
16. Mar 20 Buy Super Group Ltd., ESOP Company 13. Mar 20 13. Mar 20 513,026 ZAR19.43 ZAR9,967,173
02. Mar 20 Buy Super Group Ltd., ESOP Company 28. Feb 20 28. Feb 20 72,735 ZAR20.66 ZAR1,492,578
28. Feb 20 Buy Super Group Ltd., ESOP Company 27. Feb 20 27. Feb 20 425,000 ZAR21.12 ZAR8,877,192
27. Feb 20 Buy Super Group Ltd., ESOP Company 26. Feb 20 26. Feb 20 205,446 ZAR20.66 ZAR4,244,678
25. Nov 19 Buy Super Group Ltd., ESOP Company 21. Nov 19 21. Nov 19 48,946 ZAR29.03 ZAR1,419,018
21. Nov 19 Buy Super Group Ltd., ESOP Company 20. Nov 19 20. Nov 19 49,562 ZAR28.98 ZAR1,427,134
20. Nov 19 Buy Super Group Ltd., ESOP Company 19. Nov 19 19. Nov 19 180,421 ZAR29.00 ZAR5,211,976
19. Nov 19 Buy Super Group Ltd., ESOP Company 18. Nov 19 18. Nov 19 160,000 ZAR28.79 ZAR4,584,750
18. Nov 19 Buy Super Group Ltd., ESOP Company 15. Nov 19 15. Nov 19 60,001 ZAR420.48 ZAR25,201,937
15. Nov 19 Buy Super Group Ltd., ESOP Company 14. Nov 19 14. Nov 19 214,081 ZAR28.50 ZAR6,050,399
14. Nov 19 Buy Super Group Ltd., ESOP Company 12. Nov 19 13. Nov 19 286,989 ZAR28.02 ZAR7,776,909
X
Management checks
We assess Super 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. Super 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.

SPG News

Simply Wall St News

SPG Company Info

Description

Super Group Limited engages in the supply chain management, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Australia, Europe, New Zealand, and the United Kingdom. The company operates through seven divisions: Supply Chain Africa, Supply Chain Europe, Fleet Africa, SG Fleet, Dealerships SA, Dealerships UK, and Services. It provides supply chain services, including supply chain optimization, consulting, technology, procurement, third party distribution, transport, multi-temperature controlled product distribution, bulk raw material transportation, warehousing, inbound and outbound freight forwarding, customs clearing, import and export consolidation, international airfreight, and bonded cross-border transportation to the automotive, construction, food and beverage, manufacturing, paper and pulp, petrochemical, mining, pharmaceutical, consumer goods, and retail industries. The company also offers fleet management solutions for specific transport and vehicle management needs of various customers; and various value-added services, such as driver, fuel, and tire management; accident and insurance administration; fleet optimization and route planning; vehicle tracking and recovery; and access to its call center services. In addition, it offers a range of leasing and salary packaging solutions to corporate and government customers, as well as heavy commercial fleet management services. The company operates 51 motor dealerships in South Africa and 32 motor dealerships in the United Kingdom. Its motor dealerships offer new and used passenger cars and light commercial vehicles, as well as services, parts, finance, and insurance. Super Group Limited was founded in 1986 and is headquartered in Sandton, South Africa.

Details
Name: Super Group Limited
SPG
Exchange: JSE
Founded: 1986
ZAR4,953,207,600
361,548,000
Website: http://www.supergroup.co.za
Address: Super Group Limited
27 Impala Road,
Chislehurston,
Sandton,
Gauteng, 2196,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE SPG Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 02. Oct 1992
Number of employees
Current staff
Staff numbers
12,289
Super Group employees.
Industry
Automotive Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 18:30
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/24
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.