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General information

Sector: Consumer Services

The company is not available at Interactive Brokers

ADvTECH (JSE:ADH) is South Africa’s largest private education provider and a continent leader in quality education, training, skills development and placement. This is achieved through its three business divisions schools, tertiary and resourcing, all of which are underpinned by the group's purpose and values.

Academic Excellence

Academic excellence is the heart of the business and is core to its strategy. It is also one of the key differentiating factors that enables the group to continue growing market share, despite the increase of new entrants into the education sector.

The dedicated central academic team supports learners, students, teachers and lecturers in differentiated brands that live out their own unique identities. This has been a key factor in enabling the group to remain at the forefront of private education in the basic, higher and tertiary education sectors, as parents opt for its tailored offering.

Delivering on academic excellence is an important part of the group strategy, and the academic strategy is key to the schools and tertiary divisions.

Brands

The brands under the ADvTECH umbrella operate independently while being fully supported by the group. This enables each brand to focus on its offerings and value propositions such as a unique ethos, products and student learning experience, tailored to the specific target audience, community and market. The range of brands and their niche positioning enables the group to provide quality education to specific markets.



  • Bad financial results growth rate -0.1% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 3.3% (LTM)
  • Share price is 107.9% higher than minimum and 6.4% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (8.7x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (-0.5%)27.27
Share price, USD: 1.4776
Common stocks: 554 906 968

Dividend Yield:  0.0%
FCF Yield LTM: 3.3%
EV / LTM EBITDA: 8.7x
Last revenue growth (y/y):  -1.6%
Last growth of EBITDA (y/y):  +1.4%
Historical revenue growth:  +7.4%
Historical growth of EBITDA:  +11.0%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 820
Net Debt ($m): 75
EV (Enterprise Value): 895
EBITDA LTM ($m): 103
EV / LTM EBITDA: 8.7x
Price to Book: 2.97x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

TechCentral Headlines

The company buying up Altron shares

Value Capital Partners, chaired by former Brait CEO Antony Ball, recently made further big purchases of Altron shares.

2023-08-31 15:46 +02:00
by Sandra Laurence

JSE:PPH JSE:TBS JSE:BYI JSE:AVI JSE:TKG JSE:KAP JSE:JSE JSE:ADH JSE:SUI JSE:PPC JSE:BAT JSE:ADR JSE:ISA

Insider trades

Date
Company
Person
B/S
Stocks
Price
volume USD
2024-04-22
ADvTECH
[JSE:ADH]
DL Honey
S
42074
ZAR 28.11
-4.4%
61 660
2024-04-19
ADvTECH
[JSE:ADH]
DL Honey
S
57926
ZAR 27.99
-2.6%
84 877
2023-11-15
ADvTECH
[JSE:ADH]
DL Honey
S
100000
ZAR 24.20
+11.4%
132 997
2023-10-27
ADvTECH
[JSE:ADH]
DL Honey
S
144202
ZAR 21.00
+30.3%
160 550
2023-10-24
ADvTECH
[JSE:ADH]
MD Aitken
S
29917
ZAR 20.50
+31.7%
32 244
2023-10-19
ADvTECH
[JSE:ADH]
MD Aitken
S
20731
ZAR 21.00
+29.9%
22 892
2023-10-18
ADvTECH
[JSE:ADH]
MD Aitken
S
55788
ZAR 21.05
+29.5%
61 853
2023-10-17
ADvTECH
[JSE:ADH]
MD Aitken
S
48564
ZAR 21.02
+29.5%
54 278
2023-10-11
ADvTECH
[JSE:ADH]
JDR Oesch
S
4274
ZAR 21.00
+33.2%
4 768
2023-10-10
ADvTECH
[JSE:ADH]
JDR Oesch
S
101478
ZAR 21.10
+29.5%
112 611
2023-10-09
ADvTECH
[JSE:ADH]
JDR Oesch
S
37757
ZAR 21.04
+29.5%
41 288
2023-10-05
ADvTECH
[JSE:ADH]
LA Wiseman
S
10459
ZAR 21.25
+28.3%
11 382
2023-10-03
ADvTECH
[JSE:ADH]
DL Honey
S
120000
ZAR 21.18
+29.9%
131 594
2023-10-02
ADvTECH
[JSE:ADH]
DL Honey
S
30000
ZAR 21.01
+29.9%
32 808
2023-09-28
ADvTECH
[JSE:ADH]
DL Honey
S
40481
ZAR 21.00
+30.0%
44 773
2023-09-27
ADvTECH
[JSE:ADH]
DL Honey
S
9519
ZAR 21.54
+27.1%
10 682
2023-04-03
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
385115
ZAR 18.48
+46.9%
399 382
2023-03-31
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
1487274
ZAR 17.85
+52.1%
1 493 533
2023-03-31
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
780634
ZAR 17.86
+52.1%
784 472
2023-03-29
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
118430
ZAR 17.44
+53.2%
114 128
2022-12-13
ADvTECH
[JSE:ADH]
MD Aitken
S
55614
ZAR 18.32
+48.9%
59 127
2022-12-12
ADvTECH
[JSE:ADH]
MD Aitken
S
21850
ZAR 18.08
+51.3%
22 477
2022-12-09
ADvTECH
[JSE:ADH]
MD Aitken
S
2536
ZAR 18.40
+51.3%
2 691
2022-12-02
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
1572670
ZAR 18.50
+51.5%
1 658 018
2022-12-01
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
45933
ZAR 18.50
+47.4%
48 387
2022-11-30
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
365991
ZAR 18.59
+46.2%
396 846
2022-11-14
ADvTECH
[JSE:ADH]
DL Honey
S
41100
ZAR 18.50
+47.4%
43 938
2022-11-03
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
6495
ZAR 18.00
+47.4%
6 352
2022-11-02
ADvTECH
[JSE:ADH]
LA Wiseman
S
25000
ZAR 18.01
+51.2%
24 628
2022-11-02
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
15408
ZAR 18.00
+51.2%
15 170
2022-11-02
ADvTECH
[JSE:ADH]
DL Honey
S
13567
ZAR 18.05
+51.2%
13 395
2022-11-01
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
3615652
ZAR 18.00
+50.7%
3 574 235
2022-11-01
ADvTECH
[JSE:ADH]
DL Honey
S
36433
ZAR 18.03
+50.7%
36 076
2022-10-31
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
98039
ZAR 17.75
+53.2%
94 851
2022-10-28
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
96575
ZAR 17.00
+54.1%
90 544
2022-10-27
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
67694
ZAR 17.78
+57.8%
66 918
2022-10-26
ADvTECH
[JSE:ADH]
JDR Oesch
S
6357
ZAR 17.50
+57.8%
6 202
2022-10-26
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
43848
ZAR 17.37
+57.8%
42 467
2022-10-25
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
94056
ZAR 17.33
+57.8%
89 492
2022-10-25
ADvTECH
[JSE:ADH]
JDR Oesch
S
93643
ZAR 17.50
+57.8%
89 977
2022-10-24
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
33542
ZAR 17.18
+57.8%
31 309
2022-10-21
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
1552
ZAR 16.64
+57.8%
1 426
2022-10-20
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
1000000
ZAR 16.66
+63.9%
909 110
2022-10-19
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
831822
ZAR 16.50
+62.3%
749 335
2022-10-18
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
110723
ZAR 16.52
+65.4%
101 144
2022-05-24
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
1155026
ZAR 17.60
+52.6%
1 298 948
2022-05-23
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
41222
ZAR 17.50
+54.6%
45 682
2022-05-20
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
102078
ZAR 17.50
+55.8%
112 804
2022-05-19
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
126200
ZAR 17.45
+55.7%
139 009
2022-05-18
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
151341
ZAR 17.49
+55.3%
164 713
2022-05-17
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
10501
ZAR 17.48
+55.2%
11 533
2022-05-16
ADvTECH
[JSE:ADH]
Mr MM Nkosi
B
31535
ZAR 17.20
+57.1%
33 568
More information for subscribed users:
detailed calculation of
Potential and Created Value,
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Releases

2022-08-11
Trading statement for six months ended 30 June 2022
2022-06-27
Dealings in securities by Directors, Director of a major subsidiary, prescribed officers and Group Company Secretary
2022-05-31
Dealing in securities by director’s associate
2022-05-26
Results of the annual general meeting
2022-05-25
Dealing in securities by Director’s Associate
2022-05-20
Director not standing for re-election and the withdrawal of resolutions to be tabled at the Annual General Meeting
2022-05-19
Dealing in securities by director’s associate
2022-04-28
No change statement, notice of hybrid annual general meeting and availability of B-BBEE compliance certificate
2022-04-26
Dealing in securities by Director’s Associate
2022-04-21
Dealing in securities by Director’s Associate
2022-04-14
Dealing in securities by Director’s Associate
2022-04-08
Dealing in securities by Director’s Associate
2022-04-06
Dealing in securities by Director’s Associate
2022-04-01
Dealing in securities by Director’s Associate
2022-03-28
Results for the year ended 31 December 2021 and announcement of dividend declaration
2022-03-15
Trading statement for year ended 31 December 2021
2021-12-17
Dealing in securities by director’s associate
2021-12-14
Dealing in securities by director’s associate
2021-12-09
Exercise of options in terms of ADvTECH Limited Share Incentive Scheme

SENS Announcements

2024-05-06
Acquisition of securities by clients of Public Investment Corporation SOC Limited (“PIC”) and directors responsibili
2024-04-30
Notice of hybrid annual general meeting and availability of B-BBEE Compliance Certificate
2024-04-23
Dealings in securities by a prescribed officer of the company
2024-04-15
Dealings in securities by a director
2024-03-25
Results for the year ended 31 December 2023 and announcement of dividend declaration
2024-03-20
Changes to the important functions of directors
2024-03-07
Changes to the important functions of a director
2024-03-06
Trading statement for the year ended 31 December 2023
2023-12-04
Changes to the board of directors retirement of CEO Roy Douglas and appointment of Geoff Whyte as successor
2023-11-21
Acquisition of securities by clients of Coronation Asset Management (Pty) Ltd (“Coronation”)
2023-11-17
Dealings in securities by a prescribed officer of the company
2023-10-31
Dealings in securities by a prescribed officer of the company
2023-10-25
Dealings in securities by a prescribed officer of the company
2023-10-20
Dealings in securities by a prescribed officer of the company
2023-10-12
Dealings in securities by a director of the company
2023-10-10
Dealings in securities by directors, prescribed officers, and a director of a major subsidiary: share vesting
2023-10-06
Dealings in securities by a prescribed officer of the company
2023-10-04
Dealings in securities by a prescribed officer of the company
2023-10-02
Dealings in securities by a prescribed officer of the company
2023-09-29
Dealings in securities by a prescribed officer of the company
2023-09-11
Disposal of Securities by clients of Old Mutual Limited and Directors Responsibility Statement
2023-09-04
Appointment of chairperson of the board and changes to audit and risk committee
2023-08-28
Interim results for the six months ended 30 June 2023 and announcement of dividend declaration
2023-08-10
Trading statement for the six months ended 30 June 2023
2023-06-13
Dealings in securities by directors, a director of a major subsidiary, prescribed officers and group company
2023-05-18
Results of the Annual General Meeting
2023-04-18
No change statement, notice of virtual annual general meeting and availability of B-BBEE Compliance Certificate
2023-04-17
Retirement of chairman and non-executive director policy
2023-04-05
Dealing in securities by director’s associate
2023-04-03
Dealing in securities by director’s associate
2023-03-27
Results for the year ended 31 December 2022 and announcement of dividend declaration
2023-03-16
Trading statement for the year ended 31 December 2022
2022-12-14
Dealings in securities by a prescribed officer of the company
2022-12-06
Dealing in securities by director’s associate
2022-12-02
Dealing in securities by director’s associate
2022-11-30
Changes to the important functions of directors
2022-11-15
Dealings in securities by a prescribed officer of the company
2022-11-08
Dealing in securities by director’s associate
2022-11-04
Dealings in securities by a prescribed officer of the company
2022-11-03
Dealings in securities by a prescribed officer of the company
2022-11-03
Dealing in securities by director’s associate
2022-11-02
Dealings in securities by a director of the company
2022-10-31
Dealing in securities by director’s associate
2022-10-27
Dealings in securities by a director of the company
2022-10-26
ADvTECH Limited - Dealing in Securities by Director's Associate
2022-10-21
Dealing in securities by director’s associate
2022-10-12
Dealings in securities by directors, prescribed officers, and a director of a major subsidiary: Share Vesting
2022-10-07
Appointment of Alexandra Watson as Independent Non-Executive Director
2022-09-29
Appointment of Stewart Van Graan as Independent Non-Executive Director
2022-09-29
Appointment of Daniel Smith as an Alternate Director to Monde Nkosi
2022-08-29
Changes to the important functions of a director
2022-08-29
Interim results for the six months ended 30 June 2022 and announcement of dividend declaration
2022-08-11
Trading statement for six months ended 30 June 2022
2022-06-27
Dealings in securities by Directors, Director of a major subsidiary, prescribed officers and Group Company Secretary
2022-05-31
Dealing in securities by director’s associate
2022-05-26
Results of the annual general meeting
2022-05-25
Dealing in securities by Director’s Associate
2022-05-20
Director not standing for re-election and the withdrawal of resolutions to be tabled at the Annual General Meeting
2022-05-19
Dealing in securities by director’s associate