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General information

Sector: Industrials

The company is not available at Interactive Brokers

enX Group Limited (JSE:ENX) is an industrial group that provides unsurpassed quality branded and in some segments locally manufactured, industrial equipment, related components, service and technical expertise to a wide range of industry sectors in South Africa and sub-Saharan Africa.

Clients range from heavy industrial, mining and construction groups to wholesalers, retailers, technology and telecommunications companies, banks and manufacturers.

enX Fleet

Eqstra provides a full spectrum of passenger vehicle services including leasing, fleet management, outsourcing solutions, maintenance, warranty management and vehicle tracking solutions. It also provides fleet management solutions for commercial vehicle fleet owners and logistics solutions. Its footprint is South Africa and sub-Saharan Africa. The Eqstra’s commercial vehicle operations are supported by a nationwide network of workshops and panel repair shops.

enX Equipment

EIE Group

EIE provides distribution, rental and value added services for industrial and materials handling equipment in South Africa, other African countries and the UK. EIE in South Africa is the market leader in materials handling and the sole distributor of Toyota Forklifts, BT warehousing equipment, Konecranes heavy duty forklifts and container handling equipment, Terberg Terminal Tractors, Hawker batteries and chargers, Hako Industrial cleaning equipment and Fassi truck mounted cranes in sub-Saharan Africa. Its UK operation, Impact, is the exclusive distributor for Cat Lift Trucks and Konecranes heavy duty forklifts and container handling equipment in the UK.

New Way

The power businesses comprise of locally manufactured power solutions; rentals of temporary power (mostly short term) and distribution of engines, spare parts and related products. Power has sole distribution rights in South Africa for Global premium brands Moteurs Baudouin, John Deere, Mitsubishi and Grupel.

Austro

Wood trades through Austro, which distributes professional woodworking equipment, tooling, adhesives and the provision of associated services such as blade sharpening and equipment maintenance. It is the sole distributor of Biesse equipment and Leitz tooling in South Africa.

eNX Petrochemicals

African Group Lubricants (AGL) is the Authorized Distributor of Mobil Lubricants in South Africa and we have dedicated Lubricant Engineers to support our customers with any lubricant related Technical challenge. AGL also represents Quaker Houghton, the global leader in industrial process fluids to the primary metals and metalworking markets. AGL’s Manufacturing Facility and Advanced Laboratory offers Toll Blending Services for high quality range of products.

West African International

WAI and enX Polymers are the sole agents and distributors of ExxonMobil Chemical, one of the largest chemical companies worldwide. WAI and enX Polymers distribute plastics, polymers, rubber and speciality chemicals into Southern Africa.



  • Bad financial results growth rate -79.7% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.5%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 62.2% (LTM)
  • Share price is 75.0% higher than minimum and 7.9% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (3.1x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)8.75
Share price, USD: 0.4668
Common stocks: 182 857 143

Dividend Yield:  0.0%
FCF Yield LTM: 62.2%
EV / LTM EBITDA: 3.1x
Last revenue growth (y/y):  -65.9%
Last growth of EBITDA (y/y):  -93.5%
Historical revenue growth:  +12.4%
Historical growth of EBITDA:  +95.8%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 85
Net Debt ($m): 2
EV (Enterprise Value): 87
EBITDA LTM ($m): 28
EV / LTM EBITDA: 3.1x
Price to Book: 0.62x

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

Reuters Headlines

South Africa`s Tutu - anti-apartheid hero who never stopped fighting for "Rainbow Nation"

, (Reuters) -"Like falling in love" is how Archbishop Desmond Tutu described voting in South Africa`s first democratic election in 1994, a remark that captured both his puckish humour and his profound emotions after decades fighting apartheid.

2021-12-26

JSE:ENX

Rugby-Much-changed South Africa ‘A’ team to face Bulls in final warm-up

South Africa `A` have retained just three players for their final warm-up game against the Bulls in Cape Town as they build up to the three-test series against the British & Irish Lions that starts on July 24.

2021-07-16

JSE:ENX

Walk-through sanitising booth sprays South African commuters

Commuters squinted as they streamed into a bus station in the South African township of Soweto on a bright Thursday, but not because of the glare - they were being sprayed with a solution meant to fight the coronavirus.

2020-05-14

JSE:AVI JSE:ENX

UPDATE 1-South Africa`s rand recovers in global emerging market bounce

South Africa`s rand firmed on Tuesday, shaking off a batch of poor domestic data recently, as moves by several countries to ease coronavirus lockdowns lifted global risk appetite.

2020-05-05

JSE:GFI JSE:SSW JSE:ANG JSE:BVT JSE:AVI JSE:ENX JSE:ISA

Eyeing economic growth, South Africa seeks to renegotiate old renewables projects

South Africa has started discussions with power producers to try to get cheaper electricity from some older renewable energy projects and give the economy a boost, several participants in the talks say.

2019-10-17

JSE:AVI JSE:ARH JSE:ENX JSE:HUG

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Releases

2022-08-02
Dealings in securities by a director
2022-08-01
Declaration of a special distribution of R1.50 per share
2022-06-08
Change to Board of Directors
2022-06-06
Finalisation information in relation to the special distribution of 200 cents per share
2022-06-06
Dealings in securities by an associate of directors of the company
2022-06-06
Results of Mandatory Offer
2022-05-19
Confirmation of closing date of Mandatory Offer
2022-05-17
Availability of investor presentation on website
2022-05-17
FInancial Results for the six months ended 28 February 2022
2022-05-12
Trading Statement
2022-04-26
Correction to dealings announcement
2022-04-26
Corrections to the Mandatory Offer Circular and availability of the amended circular
2022-04-08
Posting of Combined Offer Circular
2022-04-04
Finalisation of Disposal and Declaration of a Special Distribution of 200 cents per share
2022-03-07
Update on divestment of EIE Group
2022-02-24
Acquisition Of Properties Utilised By The Company’s Oil Lubricants Business
2022-02-21
BBBEE Annual Compliance Report
2022-01-31
Dealings in securities
2022-01-28
Firm intention announcement regarding a mandatory offer for enX shares
2022-01-20
Results of general meeting
2022-01-20
Results of Annual General Meeting (“AGM”)
2021-12-15
Potential distribution of R1.50 per share to enX shareholders, posting of circular and notice of general meeting

SENS Announcements

2024-04-22
Resignation of director
2024-04-19
Update on the disposal of Eqstra
2024-04-03
Results of Annual General Meeting
2024-04-03
CANCELLATION OF S487752 Results of Annual General Meeting
2024-04-03
Results of general meeting
2024-04-03
Results of Annual General Meeting
2024-03-28
Withdrawal of urgent application in respect of the general meeting
2024-03-26
Voluntary announcement: Court proceedings in respect of the general meeting to be held on 3 April 2024
2024-02-09
Posting of circular and notice of general meeting
2024-02-09
Dealing in securities
2023-12-12
Firm intention announcement regarding the divestment by enX of Eqstra and withdrawal of cautionary announcement
2023-12-07
BBBEE Annual Compliance Report
2023-12-01
Notice of Annual General Meeting and availability of Integrated Annual Report
2023-11-28
Renewal of Cautionary Announcement
2023-11-07
Finalisation information in relation to the special distribution of R1.00 per share
2023-11-06
Declaration of a special distribution of R1.00 per share
2023-11-06
Availability of investor presentation on website
2023-11-06
Summarised Consolidated Financial Results
2023-10-30
Trading Statement
2023-10-17
Renewal of cautionary announcement
2023-09-19
Dealings In Securities By An Associate Of Directors Of Company
2023-09-18
Results of Mandatory Offer
2023-09-05
Renewal of Cautionary Announcement
2023-08-03
Updates to the Mandatory Offer Circular, availability of the amended circular and extension to the closing date
2023-07-27
TRP121: Notification of a disposal of a beneficial interest
2023-07-25
Renewal of Cautionary Announcement
2023-06-20
Posting of combined offer circular
2023-06-13
Cautionary Announcement
2023-05-17
Availability of investor presentation on website
2023-05-17
Financial Results for the six months ended 28 February 2023
2023-05-12
Changes to composition of board committees
2023-05-11
Trading Statement
2023-05-11
Joint announcement of the firm intention to make a mandatory offer for enX shares
2023-03-16
Resignation of director
2023-03-15
Results of Annual General Meeting
2023-02-15
Appointment of Independent External Auditor and Revised Notice of Annual General Meeting
2023-02-09
Changes to the board and composition of board committees
2023-02-02
Resignation of Director
2023-01-16
Resignation of director
2023-01-05
Change to the board of directors and change in composition of audit and risk committee
2022-12-15
No Change Statement and Notice of Annual General Meeting
2022-12-12
BBBEE Annual Compliance Report
2022-12-02
Change in independent external auditor
2022-11-10
Availability of Investor Presentation on website
2022-11-03
Summarised Preliminary Consolidated Financial Results for the year ended 31 August 2022
2022-10-27
Trading Statement
2022-08-24
Changes To The Composition Of The Social And Ethics Committee
2022-08-18
Finalisation Information In Relation To The Special Distribution Of 150 Cents Per Share
2022-08-16
Update in relation to the Special Distribution of R1.50 per share
2022-08-02
Dealings in securities by a director
2022-08-01
Declaration of a special distribution of R1.50 per share
2022-06-08
Change to Board of Directors
2022-06-06
Finalisation information in relation to the special distribution of 200 cents per share
2022-06-06
Dealings in securities by an associate of directors of the company
2022-06-06
Results of Mandatory Offer
2022-05-19
Confirmation of closing date of Mandatory Offer
2022-05-17
Availability of investor presentation on website
2022-05-17
FInancial Results for the six months ended 28 February 2022
2022-05-12
Trading Statement