Redefine Properties Limited Logo

Redefine Properties Limited

RDF.JO

(1.8)
Stock Price

481,00 ZAc

10.42% ROA

3.96% ROE

16.2x PER

Market Cap.

33.356.954.800,00 ZAc

81.65% DER

8.86% Yield

16.07% NPM

Redefine Properties Limited Stock Analysis

Redefine Properties 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.

Redefine Properties Limited Fundamental Stock Analysis
# Analysis Rating
1 PBV

With a remarkably low PBV ratio (0.38x), the stock offers substantial upside potential at a bargain price.

2 Dividend

The company has consistently provided dividends over the past three years, indicating a reliable source of income for investors.

3 ROE

ROE in an average range (11.71%) suggests satisfactory profitability and decent utilization of shareholders' equity.

4 ROA

The stock's ROA (3.89%) 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.

5 DER

The stock has a reasonable amount of debt compared to its ownership (79%), suggesting a balanced financial position and a moderate level of risk.

6 Assets 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.

7 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is overpriced (3), presenting a possible disadvantage for investors as its market price surpasses its estimated intrinsic value.

8 Revenue Growth

Company's revenue has stayed stagnant, showing no signs of improvement and making it a less favorable choice.

9 Net Profit Growth

This company's net profit has remained stagnant over the past five years, indicating a lack of growth and making it a less favorable investment option.

10 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.

11 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

Redefine Properties 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.

Redefine Properties Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Sell
3 RSI Hold
4 Stoch RSI Sell

Redefine Properties 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.

Redefine Properties Limited Revenue
Year Revenue Growth
2005 438.599.000
2006 527.978.000 16.93%
2007 829.570.000 36.36%
2008 922.890.000 10.11%
2009 1.131.759.000 18.46%
2010 3.137.401.000 63.93%
2011 3.496.941.000 10.28%
2012 4.052.152.000 13.7%
2013 3.624.354.000 -11.8%
2014 5.594.127.000 35.21%
2015 6.811.245.000 17.87%
2016 6.646.648.000 -2.48%
2017 7.793.839.000 14.72%
2018 8.441.322.000 7.67%
2019 8.791.202.000 3.98%
2020 8.784.060.000 -0.08%
2021 7.157.326.000 -22.73%
2022 8.243.699.000 13.18%
2023 8.243.699.000 0%
2023 9.908.932.000 16.81%
2024 10.428.540.000 4.98%

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.

Redefine Properties Limited Research and Development Expenses
Year Research and Development Expenses Growth
2005 0
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 1 0%
2019 0 0%
2020 -2 100%
2021 0 0%
2022 1 0%
2023 0 0%
2023 0 0%
2024 0 0%

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.

Redefine Properties Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2005 22.827.000
2006 36.116.000 36.8%
2007 56.401.000 35.97%
2008 104.283.000 45.92%
2009 84.363.000 -23.61%
2010 135.904.000 37.92%
2011 158.787.000 14.41%
2012 232.117.000 31.59%
2013 149.968.000 -54.78%
2014 202.031.000 25.77%
2015 228.834.000 11.71%
2016 210.241.000 -8.84%
2017 259.641.000 19.03%
2018 365.144.000 28.89%
2019 376.015.000 2.89%
2020 401.625.000 6.38%
2021 326.995.000 -22.82%
2022 461.414.000 29.13%
2023 461.414.000 0%
2023 554.673.000 16.81%
2024 684.200.000 18.93%

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.

Redefine Properties Limited EBITDA
Year EBITDA Growth
2005 1.016.978.000
2006 1.027.073.000 0.98%
2007 1.435.465.000 28.45%
2008 311.985.000 -360.11%
2009 593.783.000 47.46%
2010 4.137.743.000 85.65%
2011 1.455.555.000 -184.27%
2012 3.537.810.000 58.86%
2013 4.597.065.000 23.04%
2014 6.121.336.000 24.9%
2015 7.292.035.000 16.05%
2016 6.777.900.000 -7.59%
2017 7.329.839.000 7.53%
2018 10.777.422.000 31.99%
2019 7.837.004.000 -37.52%
2020 -7.918.641.000 198.97%
2021 3.309.190.000 339.29%
2022 7.911.079.000 58.17%
2023 11.067.979.000 28.52%
2023 5.753.246.000 -92.38%
2024 5.639.126.000 -2.02%

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.

Redefine Properties Limited Gross Profit
Year Gross Profit Growth
2005 438.599.000
2006 527.978.000 16.93%
2007 829.570.000 36.36%
2008 922.890.000 10.11%
2009 992.846.000 7.05%
2010 3.137.401.000 68.35%
2011 2.764.293.000 -13.5%
2012 3.263.334.000 15.29%
2013 2.990.514.000 -9.12%
2014 3.686.603.000 18.88%
2015 4.726.536.000 22%
2016 4.405.616.000 -7.28%
2017 5.296.151.000 16.81%
2018 5.803.366.000 8.74%
2019 5.855.696.000 0.89%
2020 5.808.458.000 -0.81%
2021 4.175.848.000 -39.1%
2022 4.875.353.000 14.35%
2023 4.875.353.000 0%
2023 5.905.631.000 17.45%
2024 6.284.964.000 6.04%

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.

Redefine Properties Limited Net Profit
Year Net Profit Growth
2005 700.812.000
2006 665.141.000 -5.36%
2007 785.134.000 15.28%
2008 -157.864.000 597.35%
2009 -290.751.000 45.7%
2010 1.118.682.000 125.99%
2011 -519.311.000 315.42%
2012 342.079.000 251.81%
2013 3.619.654.000 90.55%
2014 3.407.818.000 -6.22%
2015 5.425.097.000 37.18%
2016 4.565.617.000 -18.83%
2017 3.328.995.000 -37.15%
2018 6.575.079.000 49.37%
2019 3.341.893.000 -96.75%
2020 -16.612.947.000 120.12%
2021 2.731.310.000 708.24%
2022 8.690.869.000 68.57%
2023 8.734.686.000 0.5%
2023 1.446.628.000 -503.8%
2024 2.187.486.000 33.87%

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.

Redefine Properties Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2005 1
2006 1 0%
2007 1 0%
2008 0 0%
2009 0 0%
2010 1 100%
2011 0 0%
2012 0 0%
2013 2 100%
2014 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 100%
2019 1 0%
2020 -3 100%
2021 1 0%
2022 1 100%
2023 1 0%
2023 0 0%
2024 0 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.

Redefine Properties Limited Free Cashflow
Year Free Cashflow Growth
2005 -738.857.000
2006 -2.116.304.000 65.09%
2007 -1.115.207.000 -89.77%
2008 -918.683.000 -21.39%
2009 -291.933.000 -214.69%
2010 -67.976.000 -329.46%
2011 221.429.000 130.7%
2012 -204.799.000 208.12%
2013 -306.179.000 33.11%
2014 185.991.000 264.62%
2015 -304.332.000 161.11%
2016 2.845.181.000 110.7%
2017 2.502.016.000 -13.72%
2018 4.969.290.000 49.65%
2019 4.615.440.000 -7.67%
2020 2.654.735.000 -73.86%
2021 2.264.902.000 -17.21%
2022 2.617.109.000 13.46%
2023 654.277.250 -300%
2023 2.580.163.000 74.64%
2024 577.158.500 -347.05%

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.

Redefine Properties Limited Operating Cashflow
Year Operating Cashflow Growth
2005 62.401.000
2006 -61.942.000 200.74%
2007 34.700.000 278.51%
2008 -78.070.000 144.45%
2009 -290.751.000 73.15%
2010 -25.914.000 -1021.98%
2011 545.115.000 104.75%
2012 -186.419.000 392.41%
2013 -306.179.000 39.11%
2014 185.991.000 264.62%
2015 -298.973.000 162.21%
2016 2.854.256.000 110.47%
2017 2.582.384.000 -10.53%
2018 4.983.010.000 48.18%
2019 4.624.772.000 -7.75%
2020 2.669.317.000 -73.26%
2021 2.293.452.000 -16.39%
2022 2.627.387.000 12.71%
2023 656.846.750 -300%
2023 2.586.269.000 74.6%
2024 580.813.500 -345.28%

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.

Redefine Properties Limited Capital Expenditure
Year Capital Expenditure Growth
2005 801.258.000
2006 2.054.362.000 61%
2007 1.149.907.000 -78.65%
2008 840.613.000 -36.79%
2009 1.182.000 -71017.85%
2010 42.062.000 97.19%
2011 323.686.000 87.01%
2012 18.380.000 -1661.08%
2013 0 0%
2014 0 0%
2015 5.359.000 100%
2016 9.075.000 40.95%
2017 80.368.000 88.71%
2018 13.720.000 -485.77%
2019 9.332.000 -47.02%
2020 14.582.000 36%
2021 28.550.000 48.92%
2022 10.278.000 -177.78%
2023 2.569.500 -300%
2023 6.106.000 57.92%
2024 3.655.000 -67.06%

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.

Redefine Properties Limited Equity
Year Equity Growth
2005 1.237.365.000
2006 2.151.170.000 42.48%
2007 4.107.996.000 47.63%
2008 4.404.397.000 6.73%
2009 13.200.268.000 66.63%
2010 15.111.062.000 12.65%
2011 17.056.251.000 11.4%
2012 21.343.629.000 20.09%
2013 29.159.342.000 26.8%
2014 35.735.937.000 18.4%
2015 45.145.459.000 20.84%
2016 49.641.362.000 9.06%
2017 53.786.185.000 7.71%
2018 58.149.200.000 7.5%
2019 56.569.476.000 -2.79%
2020 38.831.234.000 -45.68%
2021 39.357.856.000 1.34%
2022 49.301.229.000 20.17%
2023 52.882.428.000 6.77%
2024 53.532.913.000 1.22%

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.

Redefine Properties Limited Assets
Year Assets Growth
2005 3.988.038.000
2006 6.102.751.000 34.65%
2007 9.834.488.000 37.95%
2008 10.717.411.000 8.24%
2009 25.942.975.000 58.69%
2010 34.972.121.000 25.82%
2011 44.363.487.000 21.17%
2012 46.756.255.000 5.12%
2013 48.881.597.000 4.35%
2014 57.490.164.000 14.97%
2015 70.177.798.000 18.08%
2016 79.812.208.000 12.07%
2017 91.492.611.000 12.77%
2018 98.693.223.000 7.3%
2019 102.743.003.000 3.94%
2020 82.169.846.000 -25.04%
2021 75.635.209.000 -8.64%
2022 92.405.801.000 18.15%
2023 99.448.195.000 7.08%
2024 102.863.773.000 3.32%

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.

Redefine Properties Limited Liabilities
Year Liabilities Growth
2005 2.750.673.000
2006 3.951.581.000 30.39%
2007 5.726.492.000 30.99%
2008 6.313.014.000 9.29%
2009 12.742.707.000 50.46%
2010 19.861.059.000 35.84%
2011 27.307.236.000 27.27%
2012 25.412.626.000 -7.46%
2013 19.722.255.000 -28.85%
2014 21.754.227.000 9.34%
2015 25.032.339.000 13.1%
2016 30.170.846.000 17.03%
2017 37.706.426.000 19.98%
2018 40.544.023.000 7%
2019 46.173.527.000 12.19%
2020 43.338.612.000 -6.54%
2021 36.277.353.000 -19.46%
2022 43.104.572.000 15.84%
2023 46.565.767.000 7.43%
2024 49.330.860.000 5.61%

Redefine Properties Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
1.9
Net Income per Share
0.3
Price to Earning Ratio
16.2x
Price To Sales Ratio
2.6x
POCF Ratio
10.39
PFCF Ratio
10.37
Price to Book Ratio
0.64
EV to Sales
5.94
EV Over EBITDA
11.62
EV to Operating CashFlow
23.69
EV to FreeCashFlow
23.74
Earnings Yield
0.06
FreeCashFlow Yield
0.1
Market Cap
33,36 Bil.
Enterprise Value
76,34 Bil.
Graham Number
7.29
Graham NetNet
-6.89

Income Statement Metrics

Net Income per Share
0.3
Income Quality
1.56
ROE
0.04
Return On Assets
0.02
Return On Capital Employed
0.07
Net Income per EBT
1.04
EBT Per Ebit
0.3
Ebit per Revenue
0.51
Effective Tax Rate
0

Margins

Sales, General, & Administrative to Revenue
0.05
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
1.38
Gross Profit Margin
0.6
Operating Profit Margin
0.51
Pretax Profit Margin
0.15
Net Profit Margin
0.16

Dividends

Dividend Yield
0.09
Dividend Yield %
8.86
Payout Ratio
1.76
Dividend Per Share
0.44

Operating Metrics

Operating Cashflow per Share
0.48
Free CashFlow per Share
0.47
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0.17
Return on Invested Capital
0.07
Return on Tangible Assets
0.1
Days Sales Outstanding
69.65
Days Payables Outstanding
154.57
Days of Inventory on Hand
0
Receivables Turnover
5.24
Payables Turnover
2.36
Inventory Turnover
0
Capex per Share
0

Balance Sheet

Cash per Share
0,12
Book Value per Share
7,90
Tangible Book Value per Share
-4.35
Shareholders Equity per Share
7.75
Interest Debt per Share
6.57
Debt to Equity
0.82
Debt to Assets
0.42
Net Debt to EBITDA
6.54
Current Ratio
0.3
Tangible Asset Value
-29,50 Bil.
Net Current Asset Value
-46,94 Bil.
Invested Capital
77743441000
Working Capital
-5,48 Bil.
Intangibles to Total Assets
0.81
Average Receivables
1,80 Bil.
Average Payables
2,18 Bil.
Average Inventory
0
Debt to Market Cap
1.29

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.

Redefine Properties Limited Dividends
Year Dividends Growth
2009 57
2010 50 -14.29%
2011 68 27.94%
2012 64 -6.25%
2013 69 5.88%
2014 75 8.11%
2015 80 7.5%
2016 86 6.98%
2017 92 6.52%
2018 97 5.15%
2019 97 0%
2021 60 -61.67%
2022 43 -42.86%
2023 44 2.33%
2024 20 -115%

Redefine Properties Limited Profile

About Redefine Properties Limited

Redefine is a leading South African-based, internally managed Real Estate Investment Trust (REIT), with the primary goal of growing and improving cash flow to deliver quality earnings that will underpin growth in distributions and sustained value creation for all stakeholders. We are listed on the Johannesburg Stock Exchange (JSE). We actively manage a diversified property asset platform with a value of R81.0 billion, comprising local and international property assets. Our shares are among the most actively traded on the JSE, making them a highly liquid, single-entry point for gaining the exposure to quality domestic properties, and a spread of international commercial real estate markets. We differentiate ourselves by placing people at the heart of what we do.

CEO
Mr. Andrew Joseph Konig B Acc
Employee
731
Address
Rosebank Towers
Johannesburg, 2196

Redefine Properties Limited Executives & BODs

Redefine Properties Limited Executives & BODs
# Name Age
1 Mr. Andrew Joseph Konig B Acc CA (SA), B.Com., C.A.
Chief Executive Officer & Executive Director
70
2 Mr. Ntobeko Nyawo C.A.
Chief Financial Officer & Executive Director
70
3 Mr. Leon C. Kok BCom, BComHonsAcc, C.A., CA (SA)
Chief Operating Officer & Executive Director
70
4 Ms. Tracey Wolf
Chief Legal Officer
70
5 Renske Coetzee
Chief People Officer
70
6 Ms. Anda Matwa
Company Secretary
70

Redefine Properties Limited Competitors

Sasol Limited Logo
Sasol Limited

SOL.JO

(1.5)
MTN Group Limited Logo
MTN Group Limited

MTN.JO

(2.2)
FirstRand Limited Logo
FirstRand Limited

FSR.JO

(2.8)
Nedbank Group Limited Logo
Nedbank Group Limited

NED.JO

(3.0)