SO
SOH.JSE South Ocean Holdings Ltd
- Market cap
- ZAC 154M
- P/E
- 202.3x
- P/B
- 24.28x
- ROE
- 5.7%
- Dividend yield
- -
- Fundamental score
- 2.0/5
Ratios use the latest price and the current fiscal year annualized from 1 quarter up to Jun 2026.
Is SOH.JSE undervalued?
Graham numberThe Graham number of South Ocean Holdings Ltd cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
South Ocean Holdings Ltd fundamental analysis
10 of 22 checks passedROE 0/2
Low return on equity (5.7%), below 10%.
ROA 1/1
Return on assets (2.6%) is above the industry median (2.6%).
Profit Consistency 0/2
Not profitable for at least 3 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share did not grow over the past 5 years.
Earnings Acceleration 0/1
Not enough positive earnings history to compare last year's growth with the 5-year average.
Earnings Growth vs Industry 0/1
Last year's EPS growth (-145.1%) is below the industry median (4.4%).
Revenue Growth 2/2
Revenue grew 10.1% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 1/2
Moderate debt to equity (56.6%), up to 100%.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 0/1
EBIT is 2.4x against interest expense, below 5x.
PE vs Market 1/1
PE (1.8x) is below the market median (9.1x).
PE vs Industry 1/1
PE (1.8x) is below the industry median (20.7x).
PBV 1/1
Price to book (0.2x) is below the industry median (1.1x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 0.4, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 0/2
Dividend yield cannot be calculated.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 0/1
No dividend, or no profit to pay it from.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
South Ocean Holdings Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About South Ocean Holdings Ltd
Cables 4 Africa Holdings Limited, an investment holding company, manufactures and distributes electrical wires in South Africa. The company offers bare copper earth wires, general purpose house wires, flat-twin and earth cables, surface wiring products, twin illumination cables, cabtyres, single core flex, solid panel wires, flex power products, ripcord, mains cord, submersible pump cables, nitrile trailing cables, and PVC nitrile welding cables. It also provides flame retar…
Full company profileSouth Ocean Holdings Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 1 quarter up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
South Ocean Holdings Ltd annual financial statements
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.78B | 1.43B | 1.73B | 1.56B | 1.74B | 2.00B | 1.87B | 2.36B | 2.57B | 2.50B | 6.12B |
| Gross Profit | 154M | 66.6M | 143M | 63.1M | 84.3M | 175M | 133M | 228M | 148M | 47.7M | 304M |
| Operating Income | -31.8M | 19.3M | 61.0M | -7.75M | 38.1M | 112M | 60.9M | 143M | 80.0M | -12.2M | 155M |
| EBITDA | -10.4M | 34.8M | 75.2M | 7.20M | 58.0M | 137M | 82.7M | 173M | 123M | 35.0M | 205M |
| Net Income | -39.1M | -57.4M | -3.66M | -17.2M | 26.9M | 75.1M | 45.0M | 88.6M | 33.9M | -15.3M | 41.8M |
| EPS | -0.25 | -0.37 | -0.02 | -0.08 | 0.13 | 0.37 | 0.22 | 0.44 | 0.17 | -0.08 | 0.21 |
| Balance Sheet | |||||||||||
| Total Assets | 943M | 885M | 859M | 706M | 694M | 755M | 885M | 1.09B | 1.23B | 1.43B | 1.63B |
| Total Liabilities | 413M | 413M | 370M | 234M | 196M | 188M | 292M | 415M | 552M | 778M | 959M |
| Shareholders' Equity | 530M | 472M | 489M | 471M | 498M | 567M | 595M | 670M | 710M | 712M | 729M |
| Cash & Short-term Investments | 22.3M | 11.5M | 15.6M | 15.8M | 20.7M | 140M | 134M | 84.3M | 121M | 12.1M | 0.00 |
| Total Debt | 249M | 106M | 105M | 87.1M | 53.1M | 53.9M | 44.2M | 165M | 219M | 243M | 413M |
| Cash Flow | |||||||||||
| Operating Cash Flow | -55.7M | 121M | 7.87M | -30.9M | -15.0M | 126M | 85.9M | -45.9M | 53.9M | -92.9M | -902M |
| Capital Expenditure | 13.3M | 7.81M | 9.39M | 27.1M | 33.3M | 2.25M | 67.0M | 16.7M | 46.5M | 29.1M | 8.86M |
| Free Cash Flow | -69.1M | 113M | -1.52M | -57.9M | -48.3M | 124M | 18.8M | -62.6M | 7.38M | -122M | -911M |
| Ratios | |||||||||||
| ROE | -7.4% | -12.2% | -0.7% | -3.7% | 5.4% | 13.2% | 7.6% | 13.2% | 4.8% | -2.1% | 5.7% |
| ROA | -4.1% | -6.5% | -0.4% | -2.4% | 3.9% | 9.9% | 5.1% | 8.2% | 2.7% | -1.1% | 2.6% |
| Net Profit Margin | -2.2% | -4.0% | -0.2% | -1.1% | 1.5% | 3.8% | 2.4% | 3.7% | 1.3% | -0.6% | 0.7% |
| Debt to Equity | 0.47x | 0.22x | 0.22x | 0.18x | 0.11x | 0.09x | 0.07x | 0.25x | 0.31x | 0.34x | 0.57x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
South Ocean Holdings Ltd dividends
- Dividend yield
- -
- Forward dividend
- -
- Payout ratio
- -
- Ex-dividend date
- Apr 15, 2025
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | ZAR 11.2M | 0.05 | - |
| 2024 | ZAR 22.4M | 0.11 | 66.0% |
| 2023 | ZAR 12.2M | 0.06 | 13.8% |
| 2022 | ZAR 18.3M | 0.09 | 40.7% |
| 2021 | ZAR 6.10M | 0.03 | 8.1% |
| 2020 | ZAR 6.10M | 0.03 | 22.6% |
| 2019 | ZAR 6.10M | 0.03 | - |
| 2018 | ZAR 6.10M | 0.03 | - |
| 2017 | - | - | - |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns South Ocean Holdings Ltd
- Insiders 80.04%
- Institutions 3.43%
- Public & others 16.53%
- Shares outstanding 203M
- Free float 141M
South Ocean Holdings Ltd company profile
- Company name
- South Ocean Holdings Ltd
- Ticker
- SOH.JSE
- ISIN
- ZAE000092748
- Exchange
- Johannesburg Exchange
- Sector
- Industrials
- Industry
- Electrical Equipment
- Employees
- 384
- Fiscal year end
- December
- Address
- 16 Botha Street, Alrode, South Africa, 1451
- Phone
- 27 11 864 1606
- Website
- southoceanholdings.co.za
About South Ocean Holdings Ltd
Cables 4 Africa Holdings Limited, an investment holding company, manufactures and distributes electrical wires in South Africa. The company offers bare copper earth wires, general purpose house wires, flat-twin and earth cables, surface wiring products, twin illumination cables, cabtyres, single core flex, solid panel wires, flex power products, ripcord, mains cord, submersible pump cables, nitrile trailing cables, and PVC nitrile welding cables. It also provides flame retardant armoured cables, low halogen armoured cables, armoured cables, single core double PVC cables, single core double PVC and AWA PVC cables, aluminum conductors, aluminum conductor steel reinforced, low-voltage aerial bundle conductors, and conduit pipes. In addition, it is involved in electrical wire manufacturing; manufacturing compounding material; and anchor park investments. It sells its products to wholesalers and distributors who supply the building and construction industries. Cables 4 Africa Holdings Limited was formerly known as South Ocean Holdings Limited and changed its name as Cables 4 Africa Holdings Limited in October 2026. The company was founded in 1989 and is based in Alrode, South Africa.
South Ocean Holdings Ltd management
2- Ms. Thelma TshivhaseHead of Human Resources · born 1980
- C. GovenderPrescribed Officer