XJSECTA
Market cap99mUSD
Dec 23, Last price
150.00ZAR
1D
2.04%
1Q
-1.32%
Jan 2017
53.06%
IPO
36.36%
Name
Capital Appreciation Ltd
Chart & Performance
P/E
1,083.05
P/S
156.46
EPS
0.14
Div Yield, %
0.06%
Shrs. gr., 5y
-3.04%
Rev. gr., 5y
14.23%
Revenues
1.18b
+18.78%
Net income
171m
+87.74%
CFO
278m
+449.60%
Dividend
Jun 26, 20245.75 ZAR/sh
Earnings
Jun 03, 2025
Profile
Capital Appreciation Limited, together with its subsidiaries, operates as a financial technology company in South Africa, the rest of Africa, and the Indian Ocean Islands. It operates through three segments: Payments and Payment Infrastructure and Services; Software and Services; and International Division. The company provides payment infrastructure, technical support, maintenance, and payment technology solutions to established financial institutions, emerging payment service providers, and corporate customers in the retail, fuel, restaurant, hospitality, and healthcare sectors. It also designs, develops, and implements end-to-end solutions, such as device fleet management solutions to institutional clients and corporate customers; supplies electronic point-of-sale devices; and offers merchants with a single device for the banking and non-banking products and services. In addition, the company provides a multi-product and multi-party transacting platform for the facilitation of business-to-business payment-related products in conjunction with an institutional client base. Further, it offers software development, consulting and integration, and technology-based product solutions to banking and other financial institutions, which enable clients to perform business processing functions, meet regulatory requirements, integrate with trading platforms and exchanges, and secure sensitive information. The company was formerly known as Firefly Investment 285 Proprietary Limited and changed its name to Capital Appreciation Limited in June 2015. Capital Appreciation Limited was incorporated in 2014 and is based in Sandton, South Africa.
Valuation
Title ZAR in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2024‑03 | 2023‑03 | 2022‑03 | 2021‑03 | 2020‑03 | 2019‑03 | 2018‑03 | 2017‑03 | 2016‑03 | |
| Income | |||||||||
Revenues | 1,181,989 18.78% | 995,113 19.75% | 830,978 34.13% | ||||||
Cost of revenue | 654,521 | 531,084 | 420,214 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 527,468 | 464,029 | 410,764 | ||||||
NOPBT Margin | 44.63% | 46.63% | 49.43% | ||||||
Operating Taxes | 75,083 | 64,324 | 69,409 | ||||||
Tax Rate | 14.23% | 13.86% | 16.90% | ||||||
NOPAT | 452,385 | 399,705 | 341,355 | ||||||
Net income | 170,754 87.74% | 90,953 -44.28% | 163,230 29.86% | ||||||
Dividends | (104,273) | (98,447) | (82,124) | ||||||
Dividend yield | 6.76% | 4.73% | 3.46% | ||||||
Proceeds from repurchase of equity | (53,222) | 6,090 | (13,785) | ||||||
BB yield | 3.45% | -0.29% | 0.58% | ||||||
| Debt | |||||||||
Debt current | 6,403 | 4,041 | 9,135 | ||||||
Long-term debt | 59,395 | 31,905 | 12,141 | ||||||
Deferred revenue | 4,201 | 5,788 | 5,902 | ||||||
Other long-term liabilities | 23,267 | 6,370 | |||||||
Net debt | (831,079) | (461,702) | (516,990) | ||||||
| Cash flow | |||||||||
Cash from operating activities | 277,867 | 50,558 | 86,191 | ||||||
CAPEX | (45,096) | (56,725) | (26,553) | ||||||
Cash from investing activities | (142,766) | (85,629) | (68,369) | ||||||
Cash from financing activities | (163,115) | (3,593) | (22,702) | ||||||
FCF | 156,564 | 744,031 | 176,966 | ||||||
| Balance | |||||||||
Cash | 467,430 | 494,856 | 533,424 | ||||||
Long term investments | 429,447 | 2,792 | 4,842 | ||||||
Excess cash | 837,778 | 447,892 | 496,717 | ||||||
Stockholders' equity | 1,581,949 | 1,495,327 | 1,483,627 | ||||||
Invested Capital | 804,538 | 1,063,008 | 1,000,513 | ||||||
ROIC | 48.45% | 38.74% | 36.23% | ||||||
ROCE | 31.78% | 30.54% | 27.30% | ||||||
| EV | |||||||||
Common stock shares outstanding | 1,307,253 | 1,324,634 | 1,283,791 | ||||||
Price | 1.18 -24.84% | 1.57 -15.14% | 1.85 85.00% | ||||||
Market cap | 1,542,559 -25.83% | 2,079,675 -12.44% | 2,375,013 91.91% | ||||||
EV | 713,227 | 1,620,027 | 1,859,119 | ||||||
EBITDA | 580,797 | 508,941 | 451,714 | ||||||
EV/EBITDA | 1.23 | 3.18 | 4.12 | ||||||
Interest | 4,441 | 724 | 1,136 | ||||||
Interest/NOPBT | 0.84% | 0.16% | 0.28% | ||||||