Initial Buy Recommendation: 17 August 2022

Current Status: Buy

Notes:

  • 17 August 2022

    • Initial BUY Recommendation made.

Details:

  • Exchange: JSE

  • Ticker: SPP

  • Sector: Consumer Retail / Food Retailer

COMPANY DESCRIPTION:

The SPAR Group Ltd engages in the wholesale and distribution of goods and services to SPAR grocery stores and various other branded group retail outlets in Southern Africa, Ireland, Switzerland, and Poland. The company offers fresh produce, in-store bakery, butchery, deli, ready-to-eat meals, home-meal replacements, groceries, general merchandise, baked foods, liquor products, Building and hardware products, dispensary and health-related products, confectionery, health and beauty, frozen foods, catering products, wines, and non-food items. It operates 4,357 stores.

Investor OVERVIEW:

 
 

Summary:

  • Market Cap - R30.2 Billion

  • P/E Ratio - 13.5x

  • Dividend Yield - 4.50%

  • Return-On-Equity - 26.8%

  • Interest Coverage - 9.3x

  • 5 Year Net Income Growth Rate - 5.4%

CHART: