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General information

Sector: Technology

The company is not available at Interactive Brokers

Alviva Holdings Limited (JSE:AVV) is one of Africa’s largest providers of information and communication technology products and services. The group comprises of focused operating subsidiaries who specialise in their unique product and service offerings.

The Group operates through three distinct business segments:

ICT Distribution

Imports and, in some cases, assembles ICT hardware and software and sells it into the sub-Saharan African markets via reseller channels and national retail chains. Businesses that operates in this segment include Axiz, Alviva Services, Obscure, Pinnacle, Datanet and VH Fibre Optics.

Services and Solutions

Systems integration and ICT solutions, including cybersecurity, application development, artificial intelligence solutions and renewable energy projects in South Africa, the rest of Africa and beyond. Businesses that operate in this segment include Datacentrix, Digital Generation, Intdev, Centravoice, Solareff, GridCars, Sintrex, Merlynnn and SynergERP.

Financial Services

Finance solutions to business entities in the SMME and commercial sector for office automation and technology-based equipment. These services are delivered by Centrafin.

Group Central Services provides strategic direction and shared services to the Group.

Alviva has significant proprietary brands and agency agreements with prominent suppliers and also sources branded products from a well-established vendor network, both locally and internationally.



  • Bad financial results growth rate -23.6% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.2%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 120.4% (LTM)
  • Share price is 0.0% higher than minimum and 60.7% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (0.8x vs
    )

Key Financials

Share price, ZAR:  (0.0%)11.00
Share price, USD: 0.5973
Common stocks: 123 636 364

Dividend Yield:  0.0%
FCF Yield LTM: 120.4%
EV / LTM EBITDA: 0.8x
Last revenue growth (y/y):  +52.9%
Last growth of EBITDA (y/y):  -100.0%
Historical revenue growth:  +31.1%
Historical growth of EBITDA:  +6.5%
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 74
Net Debt ($m): -40
EV (Enterprise Value): 34
EBITDA LTM ($m): 44
EV / LTM EBITDA: 0.8x

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

TCS | Datacentrix CEO Ahmed Mahomed on the Convergence Partners deal

Datacentrix CEO Ahmed Mahomed tells TechCentral Show about the technology company’s acquisition by Convergence Partners.

2024-01-22 15:55 +02:00
by TechCentral

JSE:JSE JSE:MPT JSE:AVV

Andile Ngcaba’s Convergence Partners to buy Datacentrix

Convergence Partners has agreed to buy South African IT services group Datacentrix from Alviva Holdings.

2024-01-17 10:21 +02:00
by Duncan McLeod

JSE:JSE JSE:AVV JSE:ISA

Tech sector feeling impact of Transnet ports chaos

Port delays have already hampered Black Friday, but the festive season is now under threat if a solution is not found.

2023-11-28 14:12 +02:00
by Nkosinathi Ndlovu

JSE:AVI JSE:MPT JSE:AVV JSE:ARH

Rand shock for IT sector

IT industry leaders in South Africa have expressed serious concern about the collapse in the value of the rand this week.

2023-05-12 16:26 +02:00
by Sandra Laurence

JSE:AVI JSE:AVV JSE:MST

No end in sight to South Africa’s delisting wave: A2X

South Africa’s main stock exchange will probably continue haemorrhaging listings, the CEO of A2X said in an interview.

2023-01-20 08:50 +02:00
by Agency Staff

JSE:JSE JSE:AVV JSE:ETO

Shareholders approve scheme to delist Etion from JSE

Etion shareholders have voted overwhelmingly in favour of a scheme to delist the company from the JSE ahead of a planned winding up of the business.

2023-01-04 10:48 +02:00
by Staff Reporter

JSE:JSE JSE:AVV JSE:ETO

Alviva gets binding R28/share offer in take-private move

Alviva Holdings has received a binding offer from a consortium to buy out the business, which, if approved, will see its JSE listing terminated.

2022-12-14 18:10 +02:00
by Duncan McLeod

JSE:OMU JSE:JSE JSE:AVV

JSE changes listing rules in effort to attract more firms

The JSE is implementing measures to amend listing requirements for companies in order to attract more firms.

2022-10-27 13:25 +02:00
by Promit Mukherjee

JSE:JSE JSE:AVV

Alviva hikes dividend by 90% on blowout results

Alviva Holdings has hiked its dividend by 90% after reporting a strong full-year financial performance, boosted by the acquisition of Tarsus.

2022-09-28 12:45 +02:00
by Duncan McLeod

JSE:JSE JSE:AVV

Alviva shares leap higher on R3-billion take-private plan

Shares in Alviva Holdings leapt higher on Thursday after the group received an offer from a black-led consortium to buy it out.

2022-06-30 16:15 +02:00
by Duncan McLeod

JSE:ABG JSE:JSE JSE:AVV

Alviva set to report huge spike in earnings

Alviva Holdings’ headline earnings per share will more than double in the six-month period ended 31 December 2021, with all division delivering.

2022-02-23 10:11 +02:00
by Duncan McLeod

JSE:AVV

Chip crisis crimps Alviva Holdings’ revenue growth

Alviva has reported a 1% improvement in full-year revenue, though the number would have been “substantially” higher if it wasn’t for global shortages in semiconductors.

2021-09-27 15:21 +02:00
by Duncan McLeod

JSE:MPT JSE:AVV JSE:ISA

Alviva shares soar on earnings spike

Shares in Alviva Holdings jumped more than 18% in intraday trading on Thursday morning after the ICT distribution group said full-year earnings per share are likely to nearly double.

2021-08-12 07:58 +02:00
by Staff Reporter

JSE:JSE JSE:MPT JSE:AVV JSE:ISA

Alviva wraps up Tarsus acquisition

Alviva Holdings has secured the regulatory go-ahead for its R185-million acquisition of rival Tarsus Technology Group.

2021-06-24 07:13 +02:00
by Duncan McLeod

JSE:INP JSE:INL JSE:JSE JSE:AVV

Alviva warns of economic uncertainty, chip shortages

Technology group Alviva Holdings reported a 17% improvement in headline earnings per share in the six months ended 31 December 2020 but warned of further uncertainty ahead.

2021-03-01 05:00 +02:00
by Staff Reporter

JSE:AVI JSE:AVV

Anton Herbst takes reins at Tarsus from Miles Crisp

Tarsus Technology Group, the ICT distributor that is currently the subject of a takeover bid by Alviva Technology Holdings – the parent of Axiz and Pinnacle – has appointed Anton Herbst as its new CEO.

2021-02-19 16:45 +02:00
by Staff Reporter

JSE:AVV

Tarsus bosses step down as Alviva closes in on deal

Tarsus Technology Group CEO Miles Crisp and financial director Joanne Tanner are stepping from the technology distribution company amid a R185-million takeover bid by JSE-listed Alviva Holdings.

2021-02-02 15:40 +02:00
by Duncan McLeod

JSE:INP JSE:INL JSE:JSE JSE:AVV

Alviva agrees to buy rival Tarsus for R185-million

Technology group Alviva Holdings said on Thursday that it has agreed to buy rival Tarsus Technology Group for a maximum consideration of R185.4-million in cash.

2020-11-12 15:36 +02:00
by Duncan McLeod

JSE:INP JSE:INL JSE:JSE JSE:AVV

Alviva confirms it’s in talks to buy Tarsus

Five hours after TechCentral broke the news on Tuesday morning that JSE-listed Alviva Holdings is in talks to buy rival Tarsus, the company has confirmed a deal is in the offing.

2020-10-13 14:30 +02:00
by Duncan McLeod

JSE:INP JSE:INL JSE:JSE JSE:AVV

Alviva in talks to acquire rival Tarsus: sources

South Africa’s largest technology distribution group, JSE-listed Alviva Holdings, is in talks to acquire rival Tarsus, well-placed sources have told TechCentral.

2020-10-13 14:28 +02:00
by Duncan McLeod

JSE:INP JSE:INL JSE:JSE JSE:AVV

Alviva earnings cut in half but shares rally

Alviva Holdings, the JSE-listed parent of technology companies such as Axiz, Pinnacle and Datacentrix, has reported a 50% decline in full-year headline earnings per share but will pay a dividend of 15c/share.

2020-09-28 12:57 +02:00
by Duncan McLeod

JSE:ABG JSE:JSE JSE:MPT JSE:AVV JSE:HUG JSE:ETO JSE:ISA

Alviva warns full-year earnings will be cut in half

Alviva Holdings said on Wednesday that it’s full-year headline earnings will fall by more than 50%, though it said its prospects have improved since a disappointing set of interim results earlier this year.

2020-09-09 08:18 +02:00
by Duncan McLeod

JSE:JSE JSE:AVV JSE:MST JSE:HUG JSE:ISA

Listed IT shares: A massive destruction of shareholder value

While big technology shares in the US have continued to hit new highs in 2020 – among them, Microsoft, Apple, Amazon, Google and Nvidia – JSE-listed IT companies have had a torrid start to the new decade.

2020-02-27 10:11 +02:00
by Duncan McLeod

JSE:JSE JSE:BLU JSE:MPT JSE:AVV JSE:EOH JSE:ISA

Grim start to the year for South African tech shares

It’s been a grim start to 2020 for some South African-listed technology companies, which have seen their shares battered on weak earnings updates and negative investor sentiment.

2020-02-18 15:16 +02:00
by Staff Reporter

JSE:MTN JSE:VOD JSE:TKG JSE:BLU JSE:AVV JSE:EOH JSE:SVB

Adapt IT shares plunge 20% on trading update

Shares in software services company Adapt IT plunged 20% on Monday after it warned shareholders after markets closed on Friday that its interim earnings would take a beating.

2020-02-17 10:34 +02:00
by Duncan McLeod

JSE:MPT JSE:AVV

Alviva shares crash 25% as ICT distribution comes up short

Shares in technology distribution group Alviva Holdings tumbled more than 25% in intraday trading in Johannesburg on Friday after it shocked investors with a profit warning.

2020-02-14 11:00 +02:00
by Duncan McLeod

JSE:JSE JSE:MPT JSE:AVV JSE:ISA

Alviva shares rise as technology group hikes dividend 11%

Shares in Alviva Holdings rose almost 5% on Monday after the technology group reported full-year revenue up 17% to R15.9-billion. Headline earnings per share climbed 9% to R2.97.

2019-09-16 16:05 +02:00
by Duncan McLeod

JSE:AVV JSE:HUG JSE:ISA

Alviva Holdings to acquire Synerg Group

JSE-listed technology group Alviva Holdings said on Friday that has reached an agreement to acquire 70% of business software specialist Synerg Group.

2019-06-14 06:39 +02:00
by Duncan McLeod

JSE:JSE JSE:AVV JSE:ETO JSE:ISA

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Releases

2022-08-12
Renewal Of Cautionary Announcement
2022-08-05
Trading Statement
2022-06-30
Non-Binding Expression Of Interest To Acquire All Of The Issued Ordinary Shares Of Alviva Not Excluded From The Offe
2022-03-02
Repurchase Of DCT Holdings (Rf) (Pty) Limited (“DCT”) Ordinary Shares By DCT In Terms Of The Companies Act
2022-03-01
Summary announcement of the unreviewed condensed consolidated Interim financial results
2022-02-23
Trading Statement
2021-11-23
Announcement In Terms Of Section 122 (1) And (3) Of The Companies Act
2021-11-19
Results Of Annual General Meeting (“Agm”)
2021-10-25
Dealing In Securities By Alviva Shared Management Services (Pty) Ltd On Behalf Of Directors – Voluntary Conversion
2021-10-15
Dealing In Securities By The Alviva Holdings Limited Forfeitable Share Plan
2021-09-27
Distribution Of Integrated Annual Report, B-BBEE Compliance Report And Notice Of Annual General Meeting (“Agm”)
2021-09-27
Short-Form Announcement Of The Summarised Consolidated Financial Results For The Year Ended 30 June 2021
2021-08-12
Trading Statement
2021-08-02
Announcement In Terms Of Section 122 (1) And (3) Of The Companies Act– Disposal And Acquisition Of Securities
2021-06-24
FINALISATION OF THE ACQUISITION OF TARSUS TECHNOLOGY GROUP PROPRIETARY LIMITED (“TARSUS”)