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General information

Sector: Industrials

The company is not available at Interactive Brokers

Invicta Holdings Limited (JSE:IVT) is an investment holding company focused on the supply and distribution of industrial consumables, spare parts and capital equipment.

The group's mission is to be the foremost supplier within its industries and thereby to create superior value for its stakeholders (including shareholders, suppliers, customers and employees).

The group operates through two main divisions:

Capital Equipment Group

The Capital Equipment Group consists of local and international companies and divisions which operate in the supply of agricultural, construction and forklift equipment with a strong original and after-market spare parts base. All business units are supported and enhanced by strong, centralised services such as finance, administration, legal, merchandising, transport, training and human resources. The group includes Landboupart, Northmec, NHSA Agricultural Parts, HPE Africa, Disa Equipment, CASE Construction South Africa, CSE, ESP Africa, Kian Ann Engineering, Criterion and Shamrock Handling Concepts.

Engineering Solutions Group (ESG)

ESG’s activities include the international sourcing of leading brands, the distribution of premium engineering components and consumables, technical support, value-added assembly and the bespoke manufacturing of components into customised systems and solutions for end-user customers, with a widespread network. Supported by shared services, the ESG group is comprised of Bearing Man Group (BMG), Screen Doctor, INDUSTRI Tools & Equipment, OST Africa, Autobax and ESG Exports.



  • Bad financial results growth rate -6.5% (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 16.3% (LTM)
  • Share price is 25.9% higher than minimum and 23.9% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (3.8x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)26.22
Share price, USD: 1.3989
Common stocks: 96 872 616

Dividend Yield:  0.0%
FCF Yield LTM: 16.3%
EV / LTM EBITDA: 3.8x
Last revenue growth (y/y):  -5.2%
Last growth of EBITDA (y/y):  -7.7%
Historical revenue growth:  -9.5%
Historical growth of EBITDA:  -6.1%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 136
Net Debt ($m): 59
EV (Enterprise Value): 195
EBITDA LTM ($m): 51
EV / LTM EBITDA: 3.8x
Price to Book: 0.46x

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

Stanlib, New GX Investments to pump billions into township fibre

Stanlib Asset Management has invested R2.4-billion in the Khudu Pitje family-controlled company to accelerate the roll-out of broadband across the country.

2021-11-09 15:14 +02:00
by Duncan McLeod

JSE:REM JSE:MPT JSE:IVT

Insider trades

Date
Company
Person
B/S
Stocks
Price
volume USD
2024-02-23
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
7500
ZAR 26.83
-4.0%
10 416
2024-02-21
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
2000
ZAR 26.58
-1.4%
2 812
2024-02-09
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
37521
ZAR 26.26
-0.6%
51 748
2024-02-09
Invicta
[JSE:IVT]
Indirect beneficial
B
37522
ZAR 26.26
-0.6%
51 749
2024-02-08
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
27479
ZAR 26.22
+0.1%
37 933
2024-02-08
Invicta
[JSE:IVT]
Indirect beneficial
B
27478
ZAR 26.22
+0.1%
37 932
2024-02-07
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
12692
ZAR 26.37
-0.1%
17 689
2024-02-07
Invicta
[JSE:IVT]
Indirect beneficial
B
12691
ZAR 26.37
-0.1%
17 687
2024-01-18
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
137211
ZAR 26.80
-2.2%
194 193
2024-01-17
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
7512
ZAR 26.91
-2.2%
10 592
2023-12-18
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
1
ZAR 27.00
-6.9%
1
2023-12-14
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
3185
ZAR 27.00
-2.9%
4 692
2023-12-14
Invicta
[JSE:IVT]
Indirect beneficial
B
3186
ZAR 27.00
-2.9%
4 693
2023-12-06
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
3296
ZAR 26.75
-2.0%
4 648
2023-12-06
Invicta
[JSE:IVT]
Indirect beneficial
B
3295
ZAR 26.75
-2.0%
4 647
2023-12-04
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
5930
ZAR 26.75
-2.9%
8 431
2023-12-04
Invicta
[JSE:IVT]
Indirect beneficial
B
5931
ZAR 26.75
-2.9%
8 433
2023-11-30
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
13559
ZAR 26.75
-2.9%
19 232
2023-03-20
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
12304
ZAR 26.00
+0.3%
17 289
2023-03-17
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
4254
ZAR 26.00
-2.5%
5 989
2023-03-16
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
9468
ZAR 26.00
-0.2%
13 380
2023-03-15
Invicta
[JSE:IVT]
Indirect beneficial
B
200
ZAR 96.00
-2.9%
1 044
2023-03-14
Invicta
[JSE:IVT]
Mr SB Joffe (Executive Director)
B
300000
ZAR 27.00
-2.9%
446 576
2023-03-14
Invicta
[JSE:IVT]
Indirect beneficial
B
33000
ZAR 96.00
-2.9%
174 661
2023-03-14
Invicta
[JSE:IVT]
Direct beneficial
B
48000
ZAR 96.00
-2.9%
254 052
2023-03-06
Invicta
[JSE:IVT]
Mr Craig Barnard (Executive Director)
B
200
ZAR 96.00
-0.1%
1 053
2023-02-28
Invicta
[JSE:IVT]
Dr CH Wiese (Non-Executive Director)
S
552863
ZAR 95.00
+0.8%
2 862 090
2023-02-20
Invicta
[JSE:IVT]
Adv JD Wiese (Non-Executive Director)
B
4571
ZAR 94.00
+0.8%
23 752
2023-01-30
Invicta
[JSE:IVT]
Mr Craig Barnard (Executive Director)
B
1400
ZAR 97.01
-2.9%
7 816
2023-01-13
Invicta
[JSE:IVT]
Adv JD Wiese (Non-Executive Director)
B
31040
ZAR 95.99
-2.9%
176 854
2022-12-13
Invicta
[JSE:IVT]
Adv JD Wiese (Non-Executive Director)
B
82000
ZAR 96.47
-6.9%
459 076
2022-11-28
Invicta
[JSE:IVT]
Mr Craig Barnard (Executive Director)
B
1250
ZAR 97.50
-7.2%
7 110
2022-11-28
Invicta
[JSE:IVT]
Indirect beneficial
B
3000
ZAR 97.50
-7.2%
17 063
2022-09-28
Invicta
[JSE:IVT]
Mr Steven B Joffe (Executive Director)
B
106197
ZAR 24.25
+0.8%
144 199
2022-09-19
Invicta
[JSE:IVT]
Dr CH Wiese (Non-Executive Director)
B
117512
ZAR 26.71
-0.1%
177 611
2022-08-03
Invicta
[JSE:IVT]
Mr Steven B Joffe (Executive Director)
B
2734
ZAR 25.00
+2.3%
4 075
2022-07-22
Invicta
[JSE:IVT]
Mr Steven B Joffe (Executive Director)
B
12303
ZAR 25.00
+3.8%
18 279
2022-07-15
Invicta
[JSE:IVT]
Mr Lance R Sherrell (Non-executive Director)
B
10113
ZAR 25.99
+0.8%
15 392
2022-07-12
Invicta
[JSE:IVT]
Mr Lance R Sherrell (Non-executive Director)
B
12407
ZAR 26.84
-0.7%
19 558
More information for subscribed users:
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Releases

2022-08-05
Dealings in securities by an associate of a director
2022-07-27
Dealings in Securities by an Associate of a Director
2022-07-21
Dealings in Securities by an Associate of a Director
2022-07-20
Changes to the Board of Directors
2022-07-15
Dealings in Securities by Associates of a Director
2022-06-30
Annual financial statements and integrated annual report, no change statement, notice of AGM and B-BBEE certificate
2022-06-27
Audited annual consolidated results for the year ended 31 March 2022
2022-06-07
Preference share cash dividend
2022-06-07
CANCELLATION OF S461855 Preference share cash dividend
2022-06-06
Preference share cash dividend
2022-05-26
Disclosure of a change in shareholding
2022-05-24
Results of general meeting of Invicta ordinary shareholders
2022-05-23
Trading statement for the financial year ended 31 March 2022
2022-04-22
Distribution of Circular to Invicta Ordinary Shareholders and Notice of General Meeting
2022-03-29
Dealings in securities by associates of a director
2022-02-16
Termination of the acquisition of a majority interest in the Dartcom Group of companies
2022-02-16
Grant and acceptance of Long-Term Bonus and Share Incentive Rights (“LBSIRs”)
2022-02-10
Dealings in securities by associates of a director
2022-02-10
Grant and acceptance of Long-Term Bonus and Share Incentive Rights (“LBSIRs”)
2022-01-26
Further update on category 2 disposal of property
2022-01-19
Dealings in securities by an associate of a director
2022-01-03
Acquisition of the KMP Holdings group of companies
2021-11-29
Results of general meeting
2021-11-29
Update on acquisition of a majority interest in the Dartcom group of companies
2021-11-25
Unaudited condensed consolidated results for the six months ended 30 September 2021

SENS Announcements

2024-04-26
The Disposal of KMP Holdings Limited to Kian Ann Engineering Pte Ltd
2024-04-15
Appointment of Company Secretary and Group Legal Counsel
2024-04-02
Category 2 Announcement Relating to the Acquisition of Nationwide Bearing Company Limited
2024-03-28
Director’s Dealings: Vesting of Share Awards
2024-03-07
Intra-group Share Repurchase
2024-03-06
Dealings in Securities by Directors
2024-02-26
Dealings in Securities
2024-02-22
Dealings in Securities by a Director
2024-02-22
Dealings in Securities
2024-02-21
Dealings in Securities by Directors
2024-02-12
Dealings in Securities
2024-02-09
Dealings in Securities
2024-02-08
Dealings in Securities
2024-01-19
Dealings in Securities
2024-01-18
Dealings in Securities
2023-12-21
Dealings in Securities
2023-12-18
Dealings in Securities
2023-12-08
Dealings in Securities
2023-12-06
Dealings in Securities
2023-12-04
Dealings in Securities
2023-12-01
Resignation of Group Company Secretary
2023-11-27
Unaudited condensed consolidated interim results for the six months ended 30 September 2023
2023-11-24
Investor Presentation
2023-11-06
Preference Share Cash Dividend
2023-09-28
Director’s Dealings: Acceptance of Award
2023-09-13
Results of Annual General Meeting
2023-08-07
Results of the Odd-lot Offer
2023-07-25
Odd-lot Offer Price and Finalisation Announcement
2023-07-11
Voluntary Announcement Relating to the Acquisition of Imexpart Limited
2023-07-10
Voluntary Announcement Relating to the Acquisition of KMP Far East Pte Ltd
2023-07-06
Results of General Meeting - Proposed Odd-lot Offer and Amendments to the Memorandum of Incorporation
2023-06-30
Notice of Availability of Integrated Annual Report, Notice of AGM and Availability of B-BBEE Compliance Certificate
2023-06-26
Investor Presentation
2023-06-26
Audited Annual Consolidated Results for the year ended 31 March 2023
2023-06-08
Preference Share Cash Dividend
2023-06-05
Proposed Odd-Lot Offer, Amendments to the MOI and Distribution of Circular and Notice of GM in Relation Thereto
2023-05-30
Trading Statement for the Financial Year ended 31 March 2023
2023-04-06
Dealings in Securities by a Director of a Major Subsidiary
2023-03-31
Dealings In Securities By Directors
2023-03-31
Dealings in Securities
2023-03-29
Dealings in Securities by a Director
2023-03-24
Dealings in Securities by an Associate of a Director
2023-03-22
Dealings in Securities by an Associate of a Director
2023-03-17
Dealings in Securities by an Associate of a Director
2023-03-17
Dealings in Securities
2023-03-10
Dealings in Securities by an Associate of a Director
2023-03-02
Dealing in Securities by Associates of Directors
2023-02-23
Dealing in Securities by an Associate of a Director
2023-02-01
Dealings in Securities by an Associate of a Director
2023-01-17
Dealing in securities by an associate of a director
2022-12-15
Dealing in securities by an associate of a director
2022-11-30
Dealings in securities by an associate of a director
2022-11-28
Unaudited condensed consolidated interim results for the six months ended 30 September 2022
2022-11-15
Simplification of the group’s financing structure
2022-11-07
Trading statement for the six-month period ended 30 September 2022
2022-11-03
Preference share cash dividend
2022-09-29
Dealings in securities by an associate of a director
2022-09-23
Dealings in securities by associates of directors
2022-09-14
General preference share repurchase by Invicta
2022-09-13
Results of annual general meeting
2022-09-06
General share repurchase by Invicta
2022-08-05
Dealings in securities by an associate of a director
2022-07-27
Dealings in Securities by an Associate of a Director
2022-07-21
Dealings in Securities by an Associate of a Director
2022-07-20
Changes to the Board of Directors
2022-07-15
Dealings in Securities by Associates of a Director
2022-06-30
Annual financial statements and integrated annual report, no change statement, notice of AGM and B-BBEE certificate
2022-06-27
Audited annual consolidated results for the year ended 31 March 2022
2022-06-07
Preference share cash dividend
2022-06-07
CANCELLATION OF S461855 Preference share cash dividend
2022-06-06
Preference share cash dividend
2022-05-26
Disclosure of a change in shareholding
2022-05-24
Results of general meeting of Invicta ordinary shareholders
2022-05-23
Trading statement for the financial year ended 31 March 2022