WBO.JSE Wilson Bayly Holmes Ovcon Ltd
- Market cap
- ZAC 7.96B
- P/E
- 672.4x
- P/B
- 134.34x
- ROE
- 20.1%
- Dividend yield
- 4.25%
- Fundamental score
- 3.4/5
Ratios use the latest price and the fiscal year ending Jun 2026.
Is WBO.JSE undervalued?
Graham numberThe Graham number of Wilson Bayly Holmes Ovcon 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?
Wilson Bayly Holmes Ovcon Ltd fundamental analysis
17 of 22 checks passedROE 2/2
High return on equity (20.1%), above 20%.
ROA 0/1
Return on assets (7.2%) is below the industry median (7.2%).
Profit Consistency 1/2
Profitable for 4 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (-2.1%) is not above the 5-year average (31.0% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-2.1%) is below the industry median (0.7%).
Revenue Growth 1/2
Revenue grew 6.0% 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 2/2
Low debt to equity (12.0%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 24.6x against interest expense, well covered.
PE vs Market 1/1
PE (6.6x) is below the market median (9.1x).
PE vs Industry 1/1
PE (6.6x) is below the industry median (12.6x).
PBV 0/1
Price to book (1.3x) is above the industry median (1.1x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 8.8, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.21, growth is cheap.
Dividend Yield 1/2
Dividend yield (4.9%) is above the bottom 25% of dividend payers in the market.
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 1/1
Payout ratio is 32.5%, covered by earnings.
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
Wilson Bayly Holmes Ovcon Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Wilson Bayly Holmes Ovcon Ltd
Wilson Bayly Holmes-Ovcon Limited engages in civil engineering and building construction activities in South Africa, the United States, Canada, the United Kingdom, Europe, and internationally. It undertakes construction of buildings, including retail, commercial offices, residential, healthcare, hotels and entertainment, warehousing and industrial, and data centres; civil engineering and infrastructure for industrial building, heavy industrial plants, reservoirs, water and e…
Full company profileWilson Bayly Holmes Ovcon Ltd financial statements
Wilson Bayly Holmes Ovcon Ltd annual financial statements (ZAR; K = thousand, M = million, B = billion, T = trillion)
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 31.9B | 35.0B | 40.6B | 43.1B | 19.5B | 17.2B | 23.8B | 27.5B | 28.5B | 28.3B |
| Gross Profit | 2.14B | 2.07B | 1.96B | 814M | 1.68B | 1.64B | 2.04B | 2.50B | 2.57B | 2.60B |
| Operating Income | 781M | 1.03B | 513M | -585M | 869M | 814M | 1.06B | 1.25B | 1.42B | 1.33B |
| EBITDA | 1.14B | 1.22B | 796M | -58.2M | 1.17B | 1.13B | 1.48B | 1.85B | 1.80B | 1.73B |
| Net Income | 722M | 816M | 499M | -498M | 316M | -2.16B | 790M | 968M | 1.24B | 1.21B |
| EPS | 13 | 15 | 9.39 | -9.36 | 5.94 | -41 | 15 | 18 | 23 | 23 |
| Balance Sheet | ||||||||||
| Total Assets | 16.2B | 18.6B | 19.8B | 20.9B | 18.5B | 11.9B | 14.6B | 15.4B | 16.1B | 16.8B |
| Total Liabilities | 10.8B | 12.6B | 13.6B | 15.0B | 12.8B | 8.93B | 10.6B | 10.7B | 10.5B | 10.6B |
| Shareholders' Equity | 5.30B | 5.81B | 5.87B | 5.68B | 5.53B | 2.86B | 3.86B | 4.53B | 5.33B | 6.04B |
| Cash & Short-term Investments | 5.55B | 5.99B | 5.95B | 7.60B | 5.68B | 3.34B | 3.68B | 3.66B | 4.31B | 4.47B |
| Total Debt | 274M | 177M | 273M | 835M | 675M | 640M | 840M | 776M | 661M | 726M |
| Cash Flow | ||||||||||
| Operating Cash Flow | 822M | 928M | 1.15B | 754M | -1.24B | -637M | 1.34B | 858M | 1.83B | 843M |
| Capital Expenditure | 220M | 238M | 223M | 137M | 94.9M | 102M | 192M | 221M | 268M | 269M |
| Free Cash Flow | 602M | 689M | 925M | 617M | -1.34B | -739M | 1.15B | 443M | 1.56B | 575M |
| Ratios | ||||||||||
| ROE | 13.6% | 14.0% | 8.5% | -8.8% | 5.7% | -75.7% | 20.4% | 21.4% | 23.3% | 20.1% |
| ROA | 4.4% | 4.4% | 2.5% | -2.4% | 1.7% | -18.2% | 5.4% | 6.3% | 7.7% | 7.2% |
| Net Profit Margin | 2.3% | 2.3% | 1.2% | -1.2% | 1.6% | -12.5% | 3.3% | 3.5% | 4.4% | 4.3% |
| Debt to Equity | 0.05x | 0.03x | 0.05x | 0.15x | 0.12x | 0.22x | 0.22x | 0.17x | 0.12x | 0.12x |
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.
Wilson Bayly Holmes Ovcon Ltd dividends
- Dividend yield
- 4.25%
- Forward dividend
- 6.40 ZAC
- Payout ratio
- 32.5%
- Ex-dividend date
- Oct 21, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2026 | ZAR 394M | 7.44 | 32.5% |
| 2025 | ZAR 296M | 5.58 | 23.9% |
| 2024 | ZAR 194M | 3.69 | 20.0% |
| 2023 | ZAR 303M | 5.71 | 38.4% |
| 2022 | ZAR 158M | 2.97 | - |
| 2021 | ZAR 62.2M | 1.17 | 19.7% |
| 2020 | ZAR 114M | 2.14 | - |
| 2019 | ZAR 167M | 3.13 | 33.4% |
| 2018 | ZAR 275M | 5.17 | 33.7% |
| 2017 | ZAR 277M | 5.17 | 38.4% |
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 Wilson Bayly Holmes Ovcon Ltd
- Insiders 22.25%
- Institutions 57.95%
- Public & others 19.80%
- Shares outstanding 53.3M
- Free float 50.5M
Wilson Bayly Holmes Ovcon Ltd company profile
- Company name
- Wilson Bayly Holmes Ovcon Ltd
- Ticker
- WBO.JSE
- ISIN
- ZAE000009932
- Exchange
- Johannesburg Exchange
- Sector
- Industrials
- Industry
- Construction & Engineering
- Fiscal year end
- June
- Address
- 53 Andries Street, Johannesburg, South Africa, 2090
- Phone
- 27 11 321 7200
- Website
- wbho.co.za
About Wilson Bayly Holmes Ovcon Ltd
Wilson Bayly Holmes-Ovcon Limited engages in civil engineering and building construction activities in South Africa, the United States, Canada, the United Kingdom, Europe, and internationally. It undertakes construction of buildings, including retail, commercial offices, residential, healthcare, hotels and entertainment, warehousing and industrial, and data centres; civil engineering and infrastructure for industrial building, heavy industrial plants, reservoirs, water and effluent treatment plants, silos and towers, rails, mining, marine works, oil and gas, renewable energy, and nuclear work sectors; and roads and earthworks, such as road and bridges, bulk earthworks, water infrastructure and dams, energy, and rail and pipeline infrastructure projects. The company also undertakes construction of airports, toll roads, renewable energy, and serviced accommodation; and manufactures, supplies, and installs long-steel products. Wilson Bayly Holmes-Ovcon Limited was founded in 1970 and is headquartered in Johannesburg, South Africa.
Wilson Bayly Holmes Ovcon Ltd management
10- Mr. Charles Victor Henwood BCom, BCompt (Hons), CA(SA)Executive Chairman of the Board · born 1964
- Mr. Wolfgang P. Neff B.Sc.CEO & Executive Director
- Mr. Andrew Christopher Logan B.Com., C.A.CFO & Executive Director
- Mr. Samuel N. Gumede B.A., L.L.B., L.L.M.Director of Group Legal Counsel · born 1973
- Mr. Paul Joseph Foley B.Sc.Group Managing Director of International · born 1967
- Mr. Adriaan F. de NeckerGroup Managing Director of Roads & Earthworks
- Mr. Craig A. Jessop B.Sc.Group Managing Director of Building Division · born 1968
- Mr. Kevin ReddieGroup Human Resources Divisional Director · born 1962
- Mr. Simon James GrayGroup Managing Director of Probuild
- Mr. Berto Smit B.E.Managing Director of Civil Engineering · born 1974