Seven-year review
for the year ended 30 June 2021
| (All amounts in Rm) | Seven-year compound growth % |
2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| OPERATIONS | |||||||||
| Turnover | 20 | 9 135 | 6 690 | 6 975 | 6 064 | 3 670 | 3 539 | 3 115 | |
| Trading profit | 19 | 2 556 | 1 502 | 1 797 | 1 518 | 1 063 | 1 047 | 905 | |
| Profit before taxation | 17 | 2 557 | 1 457 | 1 819 | 1 575 | 1 190 | 1 166 | 978 | |
| Profit attributable to equity holders of the parent | 16 | 1 718 | 964 | 1 253 | 1 080 | 845 | 813 | 700 | |
| Headline earnings | 17 | 1 710 | 974 | 1 243 | 1 080 | 803 | 804 | 661 | |
| Ordinary dividends paid | 16 | 490 | 518 | 532 | 339 | 292 | 252 | 204 | |
| FINANCIAL POSITION | |||||||||
| Non-current assets | 5 483 | 4 812 | 4 472 | 3 872 | 2 775 | 2 309 | 2 023 | ||
| Current assets | 3 124 | 2 610 | 2 953 | 2 455 | 1 388 | 1 365 | 1 079 | ||
| Equity attributable to equity holders of the parent | 6 353 | 5 333 | 5 607 | 5 279 | 3 713 | 3 292 | 2 672 | ||
| Non-current liabilities | 526 | 1 009 | 923 | 132 | 24 | 18 | 44 | ||
| Current liabilities | 1 368 | 779 | 644 | 670 | 366 | 384 | 324 | ||
| CASH FLOW | |||||||||
| Cash flows from operating activities | 1 397 | 255 | 674 | 979 | 609 | 306 | 443 | ||
| Cash flows utilised in investing activities | (947) | (594) | (593) | (2 200) | (379) | (358) | (175) | ||
| Cash flows (utilised by)/fromfinancing activities | (229) | (2) | 441 | 1 389 | (66) | 7 | (125) | ||
| Cash and cash equivalents at end of year | 1 081 | 860 | 1 201 | 679 | 511 | 347 | 392 |
| Seven-year compound growth % |
2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | ||
|---|---|---|---|---|---|---|---|---|---|
| FINANCIAL RATIOS | |||||||||
| Returns | |||||||||
| Trading profit to turnover (%) | 28,0 | 22,5 | 25,8 | 25,0 | 29,0 | 29,6 | 29,1 | ||
| Return on shareholders’ interest (%)1 | 29,4 | 17,6 | 23,0 | 24,0 | 24,1 | 27,3 | 28,9 | ||
| Average consumer price index (%)† | 4,9 | 2,2 | 4,7 | 4,6 | 6,1 | 5,6 | 5,1 | ||
| Earnings per share (cents) | 11 | 140,7 | 78,3 | 102,6 | 95,0 | 89,7* | 87,8 | 75,9 | |
| Headline earnings per share (cents) | 12 | 140,1 | 79,2 | 101,8 | 95,0 | 85,1* | 86,9 | 71,6 | |
| Ordinary dividends declared per share (cents) | 14 | 56,0 | 33,0 | 41,0 | 38,0 | 30,0 | 29,0 | 25,0 | |
| Special dividend declared per share (cents) | 50,0 | 23,0 | 50,0 | 30,0 | – | – | – | ||
| Productivity | |||||||||
| Turnover per employee (R000) | 3 496 | 2 564 | 2 741 | 2 753 | 2 731 | 2 836 | 3 258 | ||
| Total assets per employee (R000) | 3 294 | 2 845 | 2 917 | 2 872 | 3 097 | 3 037 | 3 245 | ||
| Trading profit per employee (R000) | 978 | 576 | 706 | 689 | 791 | 839 | 947 | ||
| Turnover growth (%) | 36,5 | (4,1) | 15,0 | 65,2 | 3,7 | 13,6 | 13,8 | ||
| Number of employees | 2 613 | 2 609 | 2 545 | 2 530 | 1 344 | 1 248 | 956 | ||
| Number of stores | 206 | 198 | 189 | 176 | 162 | 146 | 126 | ||
| – Owned# | 135 | 127 | 79 | 78 | 81 | 72 | 55 | ||
| – Franchised | 71 | 71 | 110 | 98 | 81 | 74 | 71 | ||
| Solvency and liquidity | |||||||||
| Interest cover (times)2 | 43,3 | 18,5 | 34,6 | 43,4 | 1 063,0 | 523,5 | 150,8 | ||
| Dividend cover (times)3 | 2,5 | 2,5 | 2,5 | 2,5 | 3 | 3 | 3 | ||
| Gearing ratio (%)4 | 7,6 | 9,4 | 8,6 | – | – | 0,1 | 1,1 | ||
| Current ratio (times)5 | 2,3 | 3,4 | 4,6 | 3,7 | 3,8 | 3,6 | 3,3 | ||
| Acid test ratio (times)6 | 2,1 | 2,2 | 3,3 | 2,5 | 2,3 | 1,8 | 1,9 | ||
| Stock exchange performance | |||||||||
| Market capitalisation+ (Rm) | 11 | 20 287 | 15 199 | 18 071 | 16 117 | 11 700 | 12 673 | 10 707 | |
| Closing share price at year end (cents) | 6 | 1 667 | 1 150 | 1 480 | 1 320 | 1 250 | 1 370 | 1 160 | |
| Market value per share | |||||||||
| – High (cents) | 1 874 | 1 504 | 1 549 | 1 545 | 1 500 | 1 370 | 1 325 | ||
| – Low (cents) | 968 | 951 | 1 220 | 1 170 | 1 243 | 1 035 | 835 | ||
| Closing share price to net asset value per share | 3,01 | 2,51 | 3,08 | 2,72 | 3,11* | 3,78 | 3,92 | ||
| Price-earnings ratio (times) | 11,85 | 14,69 | 14,43 | 13,89 | 13,94* | 15,62 | 15,28 | ||
| Dividend yield (%) | 3,4 | 2,9 | 2,8 | 2,9 | 2,4 | 2,2 | 2,2 | ||
| Earnings yield (%) | 8,4 | 6,8 | 6,9 | 7,2 | 7,2 | 6,4 | 6,5 | ||
| Number of shares in issue (millions)+ | 1 322 | 1 322 | 1 221 | 1 221 | 940 | 926 | 924 | ||
| Volume of shares traded (millions) | 133 | 113 | 57 | 82 | 84 | 70 | 70 | ||
| Value of shares traded (R000) | 1 887 501 | 1 368 208 | 782 440 | 1 124 989 | 1 154 746 | 843 529 | 763 680 | ||
| Volume of shares traded as a % of total issued shares+ | 10,0 | 8,5 | 4,4 | 6,3 | 8,9 | 7,6 | 7,6 |
| † | 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: 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. |