Currently viewing: Seven-year review | Next: Our Board of directors
Seven-year review
FOR THE YEAR ENDED 30 JUNE 2019
(All amounts in Rm) | Seven-year compound growth % |
2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||
OPERATIONS |
||||||||||
Turnover |
21 | 6 975 | 6 064 | 3 670 | 3 539 | 3 115 | 2 745 | 2 141 | ||
Trading profit |
19 | 1 797 | 1 518 | 1 063 | 1 047 | 905 | 740 | 612 | ||
Profit before taxation |
19 | 1 819 | 1 575 | 1 190 | 1 166 | 978 | 760 | 632 | ||
Profit attributable to equity holders of the parent |
19 | 1 253 | 1 080 | 845 | 813 | 700 | 509 | 444 | ||
Headline earnings |
19 | 1 243 | 1 080 | 803 | 804 | 661 | 530 | 436 | ||
Ordinary dividends paid |
24 | 532 | 339 | 292 | 252 | 204 | 157 | 141 | ||
FINANCIAL POSITION |
||||||||||
Non-current assets |
4 472 | 3 872 | 2 775 | 2 309 | 2 023 | 1 856 | 1 858 | |||
Current assets |
2 953 | 2 455 | 1 388 | 1 365 | 1 079 | 857 | 793 | |||
Equity attributable to equity holders of the parent |
5 607 | 5 279 | 3 713 | 3 292 | 2 672 | 2 179 | 2 247 | |||
Non-current liabilities |
923 | 132 | 24 | 18 | 44 | 12 | 53 | |||
Current liabilities |
644 | 670 | 366 | 384 | 324 | 471 | 293 | |||
CASH FLOW |
||||||||||
Cash flows from/(utilised by) operating activities |
674 | 979 | 609 | 306 | 443 | (127) | 376 | |||
Cash flows utilised in investing activities |
(593) | (2 200) | (379) | (358) | (175) | (50) | (694) | |||
Cash flows from/(utilised by) financing activities |
441 | 1 389 | (66) | 7 | (125) | 123 | (296) | |||
Cash and cash equivalents at end of year |
1 201 | 679 | 511 | 347 | 392 | 249 | 303 | |||
FINANCIAL RATIOS |
||||||||||
Returns | ||||||||||
Trading profit to turnover (%) |
25,8 | 25,0 | 29,0 | 29,6 | 29,1 | 27,0 | 28,6 | |||
Return on shareholders’ interest (%)1 |
23,0 | 24,0 | 24,1 | 27,3 | 28,9 | 23,4 | 21,2 | |||
Average consumer price index (%)† |
4,7 | 4,6 | 6,1 | 5,6 | 5,1 | 6,0 | 5,5 | |||
Earnings per share (cents) |
14 | 102,6 | 95,0 | 89,7* | 87,8 | 75,9 | 55,3 | 48,3 | ||
Headline earnings per share (cents) |
14 | 101,8 | 95,0 | 85,1* | 86,9 | 71,6 | 57,6 | 47,4 | ||
Ordinary dividends declared per share
(cents) |
17 | 41,0 | 38,0 | 30,0 | 29,0 | 25,0 | 19,0 | 16,0 | ||
Special dividend declared per share
(cents) |
50,0 | 30,0 | – | – | – | – | 50,0 | |||
Productivity | ||||||||||
Turnover per employee (R000) |
2 741 | 2 753 | 2 731 | 2 836 | 3 258 | 2 977 | 2 799 | |||
Total assets per employee (R000) |
2 917 | 2 872 | 3 097 | 3 037 | 3 245 | 2 943 | 3 465 | |||
Trading profit per employee (R000) |
706 | 689 | 791 | 839 | 947 | 803 | 800 | |||
Turnover growth (%) |
15,0 | 65,2 | 3,7 | 13,6 | 13,8 | 28,2 | 16,0 | |||
Number of employees |
2 545 | 2 530 | 1 344 | 1 248 | 956 | 922 | 765 | |||
Number of stores |
189 | 176 | 162 | 146 | 126 | 115 | 116 | |||
– Owned# |
79 | 78 | 81 | 72 | 55 | 55 | 54 | |||
– Franchised# |
110 | 98 | 81 | 74 | 71 | 60 | 62 | |||
Solvency and liquidity | ||||||||||
Interest cover (times)2 |
34,6 | 43,4 | 1 063,0 | 523,5 | 150,8 | 37,0 | 36,0 | |||
Dividend cover (times)3 |
2,5 | 2,5 | 3 | 3 | 3 | 3 | 3 | |||
Gearing ratio (%)4 |
8,6 | – | – | 0,1 | 1,1 | 7,6 | 2,0 | |||
Current ratio (times)5 |
4,6 | 3,7 | 3,8 | 3,6 | 3,3 | 1,8 | 2,7 | |||
Acid test ratio (times)6 |
3,3 | 2,5 | 2,3 | 1,8 | 1,9 | 1,0 | 1,6 | |||
Stock exchange performance | ||||||||||
Market capitalisation+ (Rm) |
20 | 18 071 | 16 117 | 11 700 | 12 673 | 10 707 | 7 875 | 5 514 | ||
Closing share price at year end (cents) |
15 | 1 480 | 1 320 | 1 250 | 1 370 | 1 160 | 855 | 600 | ||
Market value per share | ||||||||||
– High (cents) |
1 549 | 1 545 | 1 500 | 1 370 | 1 325 | 860 | 665 | |||
– Low (cents) |
1 220 | 1 170 | 1 243 | 1 035 | 835 | 590 | 550 | |||
Closing share price to net asset value
per share |
3,08 | 2,72 | 3,11* | 3,78 | 3,92 | 3,53 | 2,40 | |||
Price-earnings ratio (times) |
14,43 | 13,89 | 13,94* | 15,62 | 15,28 | 15,46 | 12,42 | |||
Dividend yield (%) |
2,8 | 2,9 | 2,4 | 2,2 | 2,2 | 2,2 | 2,7 | |||
Earnings yield (%) |
6,9 | 7,2 | 7,2 | 6,4 | 6,5 | 6,5 | 8,1 | |||
Number of shares in issue (millions)+ |
1 221 | 1 221 | 940 | 926 | 924 | 921 | 921 | |||
Volume of shares traded (millions) |
57 | 82 | 84 | 70 | 70 | 20 | 50 | |||
Value of shares traded (R000) |
782 440 | 1 124 989 | 1 154 746 | 843 529 | 763 680 | 147 964 | 304 481 | |||
Volume of shares traded as a % of total issued shares+ |
4,4 | 6,3 | 8,9 | 7,6 | 7,6 | 2,2 | 5,4 |
†As per Statistics South Africa.
* Adjusted to account for Rights Offer bonus element.
# Includes webstores.
+ Excluding treasury shares.
1 Return on shareholders’ interest: Profit attributable to equity holders of the parent as a percentage of average equity attributable to equity holders of the
parent.
2 Interest cover: Trading profit divided by finance cost.
3 Dividend cover: Headline earnings per share divided by dividends declared per share (excluding special dividends).
4 Gearing ratio: Interest-bearing loans and borrowings as a percentage of equity attributable to equity holders of the parent.
5 Current ratio: Current assets divided by current liabilities.
6 Acid test ratio: Current assets, less inventory, divided by current liabilities.