Fortress REIT Limited Logo

Fortress REIT Limited

FFA.JO

(1.8)
Stock Price

1.528,00 ZAc

12.86% ROA

28.16% ROE

4.75x PER

Market Cap.

23.608.320.948,00 ZAc

72.23% DER

0.04% Yield

129.1% NPM

Fortress REIT Limited Stock Analysis

Fortress REIT Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Fortress REIT Limited Fundamental Stock Analysis
# Analysis Rating
1 ROE

The stock's ROE falls within an average range (1.9%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

2 ROA

The stock's ROA (0.84%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

3 PBV

The stock's PBV ratio (1.03x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

4 DER

The stock maintains a fair debt to equity ratio (71%), indicating a reasonable balance between the money it owes and the ownership it possesses.

5 Revenue Growth

This company's revenue has shown remarkable growth over the past three years, making it an excellent choice for seeking a consistently prosperous investment.

6 Net Profit Growth

Over the last three years, this company has consistently achieved net profit growth, indicating a favorable financial performance and making it an attractive investment option.

7 Assets Growth

Company's revenue has experienced consistent growth over the last three years, indicating a favorable financial trajectory and making it an attractive investment choice.

8 Graham Number

Based on the Graham number, this company's stock price appears to be higher than its intrinsic value, signaling a potentially unfavorable investment choice.

9 Dividend Growth

Investors should note the company's stagnant dividend growth over the past three years, indicating limited profitability and potentially diminishing returns.

10 Dividend

Investors should note the absence of dividends from the company in the last three years, indicating potential financial challenges.

11 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is overpriced (113), presenting a possible disadvantage for investors as its market price surpasses its estimated intrinsic value.

Fortress REIT Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Fortress REIT Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Sell
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Fortress REIT Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Fortress REIT Limited Revenue
Year Revenue Growth
2009 289.362.000
2010 465.915.000 37.89%
2011 569.871.000 18.24%
2012 688.008.000 17.17%
2013 763.429.000 9.88%
2014 842.493.000 9.38%
2015 2.276.344.000 62.99%
2016 3.296.915.000 30.96%
2017 3.633.404.000 9.26%
2018 3.628.427.000 -0.14%
2019 3.617.183.000 -0.31%
2020 3.233.454.000 -11.87%
2021 3.446.471.000 6.18%
2022 3.787.954.000 9.01%
2023 8.747.220.000 56.7%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Fortress REIT Limited Research and Development Expenses
Year Research and Development Expenses Growth
2009 0
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 -2 100%
2016 1 0%
2017 -2 100%
2018 0 0%
2019 -2 100%
2020 1 0%
2021 0 0%
2022 1 0%
2023 140.200.000 100%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Fortress REIT Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2009 9.821.000
2010 15.783.000 37.77%
2011 23.669.000 33.32%
2012 25.506.000 7.2%
2013 32.660.000 21.9%
2014 36.852.000 11.38%
2015 104.502.000 64.74%
2016 122.694.000 14.83%
2017 109.898.000 -11.64%
2018 171.261.000 35.83%
2019 208.046.000 17.68%
2020 200.943.000 -3.53%
2021 214.783.000 6.44%
2022 222.178.000 3.33%
2023 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Fortress REIT Limited EBITDA
Year EBITDA Growth
2009 389.575.000
2010 675.677.000 42.34%
2011 920.936.000 26.63%
2012 1.261.986.000 27.02%
2013 1.376.035.000 8.29%
2014 2.003.164.000 31.31%
2015 -5.460.768.000 136.68%
2016 5.213.770.000 204.74%
2017 4.935.568.000 -5.64%
2018 3.153.547.000 -56.51%
2019 21.105.000 -14842.18%
2020 2.157.794.000 99.02%
2021 3.627.830.000 40.52%
2022 1.802.159.000 -101.3%
2023 2.001.156.000 9.94%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Fortress REIT Limited Gross Profit
Year Gross Profit Growth
2009 209.349.000
2010 317.996.000 34.17%
2011 379.719.000 16.25%
2012 465.300.000 18.39%
2013 516.189.000 9.86%
2014 554.900.000 6.98%
2015 1.557.337.000 64.37%
2016 2.181.722.000 28.62%
2017 2.537.054.000 14.01%
2018 2.444.453.000 -3.79%
2019 2.207.603.000 -10.73%
2020 1.919.782.000 -14.99%
2021 2.080.559.000 7.73%
2022 2.242.843.000 7.24%
2023 5.253.804.000 57.31%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Fortress REIT Limited Net Profit
Year Net Profit Growth
2009 132.838.000
2010 282.883.000 53.04%
2011 587.211.000 51.83%
2012 1.271.763.000 53.83%
2013 1.164.854.000 -9.18%
2014 2.563.782.000 54.57%
2015 -5.371.757.000 147.73%
2016 4.420.054.000 221.53%
2017 -4.904.290.000 190.13%
2018 2.617.631.000 287.36%
2019 -8.369.338.000 131.28%
2020 3.352.901.000 349.61%
2021 777.817.000 -331.07%
2022 5.917.362.000 86.86%
2023 4.762.147.572 -24.26%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Fortress REIT Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2009 0
2010 1 100%
2011 2 50%
2012 4 50%
2013 3 -100%
2014 3 0%
2015 -3 166.67%
2016 2 250%
2017 -2 200%
2018 1 300%
2019 -4 133.33%
2020 2 400%
2021 0 0%
2022 3 100%
2023 3 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Fortress REIT Limited Free Cashflow
Year Free Cashflow Growth
2009 -167.714.000
2010 -599.797.000 72.04%
2011 36.176.000 1758%
2012 30.075.000 -20.29%
2013 22.668.000 -32.68%
2014 -355.177.000 106.38%
2015 -1.470.345.000 75.84%
2016 -2.186.717.000 32.76%
2017 -2.486.432.000 12.05%
2018 -2.361.947.000 -5.27%
2019 319.297.000 839.73%
2020 819.638.000 61.04%
2021 -762.221.000 207.53%
2022 -1.495.342.000 49.03%
2023 -94.521.000 -1482.02%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Fortress REIT Limited Operating Cashflow
Year Operating Cashflow Growth
2009 102.786.000
2010 40.965.000 -150.91%
2011 36.176.000 -13.24%
2012 30.075.000 -20.29%
2013 22.668.000 -32.68%
2014 -355.177.000 106.38%
2015 -678.385.000 47.64%
2016 -1.155.486.000 41.29%
2017 -2.714.644.000 57.44%
2018 -1.290.398.000 -110.37%
2019 579.933.000 322.51%
2020 1.180.522.000 50.87%
2021 1.317.601.000 10.4%
2022 721.828.000 -82.54%
2023 803.051.000 10.11%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Fortress REIT Limited Capital Expenditure
Year Capital Expenditure Growth
2009 270.500.000
2010 640.762.000 57.78%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 791.960.000 100%
2016 1.031.231.000 23.2%
2017 -228.212.000 551.87%
2018 1.071.549.000 121.3%
2019 260.636.000 -311.13%
2020 360.884.000 27.78%
2021 2.079.822.000 82.65%
2022 2.217.170.000 6.19%
2023 897.572.000 -147.02%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Fortress REIT Limited Equity
Year Equity Growth
2009 351.798.000
2010 761.897.000 53.83%
2011 1.658.860.000 54.07%
2012 3.237.962.000 48.77%
2013 5.794.397.000 44.12%
2014 13.460.811.000 56.95%
2015 40.924.489.000 67.11%
2016 45.112.563.000 9.28%
2017 37.050.018.000 -21.76%
2018 35.020.203.000 -5.8%
2019 24.205.439.000 -44.68%
2020 27.380.006.000 11.59%
2021 26.959.701.000 -1.56%
2022 33.519.817.000 19.57%
2023 30.065.237.000 -11.49%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Fortress REIT Limited Assets
Year Assets Growth
2009 3.042.847.000
2010 4.121.156.000 26.17%
2011 5.925.283.000 30.45%
2012 8.802.597.000 32.69%
2013 13.465.169.000 34.63%
2014 20.037.200.000 32.8%
2015 55.167.000.000 63.68%
2016 62.065.981.000 11.12%
2017 56.644.067.000 -9.57%
2018 53.450.279.000 -5.98%
2019 43.204.349.000 -23.72%
2020 45.626.101.000 5.31%
2021 47.588.829.000 4.12%
2022 54.237.773.000 12.26%
2023 53.590.783.000 -1.21%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Fortress REIT Limited Liabilities
Year Liabilities Growth
2009 2.691.049.000
2010 3.359.259.000 19.89%
2011 4.266.423.000 21.26%
2012 5.564.635.000 23.33%
2013 7.670.772.000 27.46%
2014 6.576.389.000 -16.64%
2015 14.242.511.000 53.83%
2016 16.953.418.000 15.99%
2017 19.594.049.000 13.48%
2018 18.430.076.000 -6.32%
2019 18.998.910.000 2.99%
2020 18.246.095.000 -4.13%
2021 20.629.128.000 11.55%
2022 20.717.956.000 0.43%
2023 23.525.546.000 11.93%

Fortress REIT Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
4.76
Net Income per Share
4.18
Price to Earning Ratio
4.75x
Price To Sales Ratio
3.01x
POCF Ratio
21.62
PFCF Ratio
-13.87
Price to Book Ratio
1.1
EV to Sales
5.48
EV Over EBITDA
56.61
EV to Operating CashFlow
28.41
EV to FreeCashFlow
-25.25
Earnings Yield
0.21
FreeCashFlow Yield
-0.07
Market Cap
23,61 Bil.
Enterprise Value
42,99 Bil.
Graham Number
41.24
Graham NetNet
-12.49

Income Statement Metrics

Net Income per Share
4.18
Income Quality
0.17
ROE
0.2
Return On Assets
0.16
Return On Capital Employed
0.08
Net Income per EBT
1.95
EBT Per Ebit
1.15
Ebit per Revenue
0.58
Effective Tax Rate
-0.06

Margins

Sales, General, & Administrative to Revenue
0.02
Research & Developement to Revenue
0.01
Stock Based Compensation to Revenue
0.01
Gross Profit Margin
0.66
Operating Profit Margin
0.58
Pretax Profit Margin
0.66
Net Profit Margin
1.29

Dividends

Dividend Yield
0
Dividend Yield %
0.04
Payout Ratio
0.09
Dividend Per Share
0.81

Operating Metrics

Operating Cashflow per Share
0.92
Free CashFlow per Share
-1.03
Capex to Operating CashFlow
2.12
Capex to Revenue
0.41
Capex to Depreciation
291.13
Return on Invested Capital
0.13
Return on Tangible Assets
0.13
Days Sales Outstanding
44.72
Days Payables Outstanding
156.39
Days of Inventory on Hand
0
Receivables Turnover
8.16
Payables Turnover
2.33
Inventory Turnover
0
Capex per Share
1.95

Balance Sheet

Cash per Share
1,33
Book Value per Share
18,22
Tangible Book Value per Share
18.22
Shareholders Equity per Share
18.1
Interest Debt per Share
14.17
Debt to Equity
0.72
Debt to Assets
0.4
Net Debt to EBITDA
25.52
Current Ratio
0.59
Tangible Asset Value
30,07 Bil.
Net Current Asset Value
-20,01 Bil.
Invested Capital
-2455345000
Working Capital
-2,48 Bil.
Intangibles to Total Assets
0
Average Receivables
1,20 Bil.
Average Payables
1,29 Bil.
Average Inventory
0
Debt to Market Cap
0.91

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Fortress REIT Limited Dividends
Year Dividends Growth
2010 48
2011 100 53%
2012 105 4.76%
2013 111 4.55%
2015 61 -80.33%
2016 129 52.71%
2017 136 4.44%
2018 142 4.26%
2019 148 4.73%
2020 101 -48%
2021 75 -35.14%

Fortress REIT Limited Profile

About Fortress REIT Limited

Fortress was listed on 22 October 2009 on the main board of the Johannesburg Stock Exchange Limited as a property loan stock company. It listed with an initial market capitalisation of R1.8 billion, making it the largest initial listing in the listed property sector. Fortress converted to a Real Estate Investment Trust REIT on 1 July 2013. Fortress is a hybrid fund, investing in both direct property as well as other listed property stocks and REITs. It focusses on the development of prime real estate logistics assets as well as investments into its retail portfolio. Currently Fortress portfolio includes industrial, logistics, office, retail and other properties.

CEO
Mr. Steven Brown B.Bus.Sci, C
Employee
0
Address
Block C, Cullinan Place
Morningside, 2196

Fortress REIT Limited Executives & BODs

Fortress REIT Limited Executives & BODs
# Name Age
1 Mr. Sipho Vuso Majija B.Sc., M.B.A.
Head of Retail & Executive Director
70
2 Jodie Ellinor-Dreyer
Head of Corporate Social Investment & Transformation
70
3 Bruce Collins
Head of Asset Management
70
4 PC Potgieter
Head of Sustainability
70
5 Mr. Ryan Eichstadt
Head of Investor Relations & Corporate Finance
70
6 Ms. Tamlyn Stevens C.A.
Company Secretary
70
7 Jason Cooper
Head of Property Development
70
8 Mr. Steven Brown B.Bus.Sci, C.A., C.F.A., CA(SA)
Chief Executive Officer, MD & Executive Director
70
9 Mr. Ian David Vorster B.Com., C.A.
Financial Director, Chief Financial Officer & Executive Director
70

Fortress REIT Limited Competitors