Try our mobile app

General information

Sector: Industrials

The company is not available at Interactive Brokers

Novus Holdings Limited (JSE:NVS) is one of southern Africa 2019s largest print production and manufacturing operations. From short to long print runs across all forms of print material, labelling and plastic packaging to jumbo wadding from its Tissue division, the group's ongoing investment in people and technology allows it to deliver the industry solutions of tomorrow, today.

The products and services provided by the group are delivered by four divisions:

Novus Print

With substantial investment since 2000, Novus' plants are equipped with the most advanced equipment available in all areas including pre-press, press and post-press. The on-going implementation of state-of-the-art technology ensures highly efficient, fully automated production processes that deliver quick, high quality printing of almost any format.

Novus Packaging

Novus has a rich legacy of fine label crafting and is recognised as a market leading label printer, having started its business in the wine label market.

The group's acquisition of ITB Flexible Packaging Solutions in 2017 saw the creation of the Novus Packaging division. Novus' expanded offering now encompasses not just label printing in the form of wet-glue labels, pressure sensitive labels and wrap-around labels, but also flexible plastic packaging. This division now services the beverage, petrochemical and broader FMCG markets.

Novus Tissue

Novus Tissue allows the Group to expand its manufacturing operations in the paper industry by harnessing the potential of waste paper (produced by the extensive printing operations of the Group), in the production of tissue paper. Novus Tissue 2019s facilities feature an environmentally friendly paper mill, large storage facilities and a convenient national distribution network. Novus Tissue continues to deliver exceptional quality tissue, using the best available technology in cost-effective formats to meet increasing consumer demand.

Novus Tissue manufactures quality bulk tissue and jumbo wadding products. These are used by other manufacturers who convert the tissue into a complete range of household and consumer products such as toilet paper, facial tissue, kitchen towels and serviettes.

Novus Academy

The Novus Academy is the Group 2019s internationally accredited training institution that offers a range of technical, life skills, management, leadership, IT and systems courses and programmes. The Academy has been instrumental in unlocking the potential of Novus' employees as well as industry professionals from across the globe. It also provides customers with access to training that empowers them to manage their own projects efficiently. Courses are accredited in South Africa with the FP&M Seta and internationally through City & Guilds of London.



  • Good financial results growth rate 122.8% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (0.4%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -7.4% (LTM)
  • Share price is 187.5% higher than minimum and 9.6% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (4.0x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)4.60
Share price, USD: 0.2454
Common stocks: 343 478 261

Dividend Yield:  0.0%
FCF Yield LTM: -7.4%
EV / LTM EBITDA: 4.0x
Last revenue growth (y/y):  +15.8%
Last growth of EBITDA (y/y):  +229.8%
Historical revenue growth:  -4.8%
Historical growth of EBITDA:  +82.2%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 84
Net Debt ($m): -6
EV (Enterprise Value): 78
EBITDA LTM ($m): 19
EV / LTM EBITDA: 4.0x
Price to Book: 0.69x

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

Nvidia nears $1-trillion market cap on blowout earnings

Nvidia’s market value surged by $200-billion to more than $960-billion on the back of AI-fuelled blowout results.

2023-05-25 08:03 +02:00
by Agency Staff

JSE:NVS JSE:HUG JSE:ISA

Naspers directors approve their own pay

Not all shareholders are perfectly happy with Naspers at the moment, which made the group’s AGM on Friday a livelier affair than usual.

2019-08-26 06:43 +02:00
by Adriaan Kruger

JSE:PRX JSE:NPN JSE:OMU JSE:MCG JSE:JSE JSE:NVS JSE:ISA

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-08-12
Acquisition of a 75% Equity Share in Pearson South Africa and Withdrawal of Cautionary Announcement
2022-08-10
Renewal of Cautionary Announcement
2022-07-15
Distribution of Integrated Annual Report, No Change Statement and Notice of Annual General Meeting
2022-06-21
Cautionary Announcement
2022-06-17
Provisional Audited Results for the Year Ended 31 March 2022 and Results Presentation
2022-06-13
Trading Statement And Update On Department Of Basic Education Tender
2022-05-30
Initial Trading Statement
2022-02-24
Exercise of Share Options and Sale Of Shares in terms of Novus Share Appreciation Rights Scheme (2020 Awards)
2022-02-15
Finalisation Announcement Regarding the Declaration of a Special Dividend
2022-02-10
Disclosure of Beneficial Interest in Securities
2022-02-10
Dealings in Securities by an Associate of Directors
2022-02-04
Special Dividend Declaration
2022-01-24
Results of Mandatory Offer to Novus Shareholders
2022-01-05
Voluntary Announcement in Respect of the Mandatory Offer Results as at 31 December 2021
2021-12-29
Finalisation Announcement and Reminder of Dates and Times in Respect of the Mandatory Offer
2021-11-30
Fulfilment of Conditions Precedent, Finalisation Announcement and Revised Dates and Times of the Mandatory Offer
2021-11-26
Distribution of Circular and Salient Dates and Times in Respect of the Mandatory Offer
2021-11-24
Disclosure of Beneficial Interest in Securities
2021-11-10
Unreviewed Interim Results for the six months ended 30 September 2021 and Availability of B-BBEE Compliance Report

SENS Announcements

2024-03-28
Changes to Board Committees and Change in Function of a Director
2024-03-14
Appointment of an Independent Non-Executive Director
2024-02-06
Finalisation Announcement Regarding the Declaration of a Special Dividend
2024-01-26
Special Dividend Declaration
2024-01-23
Dealings in Securities by a Director of a Major Subsidiary
2024-01-19
Disclosure of Beneficial Interest in Securities
2024-01-19
General Repurchase of Ordinary Shares
2023-12-21
Exercise of Share Options in terms of the Novus Holdings Share Appreciation Rights Scheme
2023-11-24
Disclosure of Beneficial Interest in Securities
2023-11-15
Changes to the Board - Change in Functions of Directors
2023-11-15
Unaudited Interim Results for the six months ended 30 September 2023
2023-11-14
Further Trading Statement
2023-11-09
Initial Trading Statement
2023-11-07
Availability of B-BBEE Annual Compliance Report
2023-10-04
Changes to the Board - Update
2023-09-27
Dealings in Securities by a Director of Major Subsidiaries
2023-09-21
Exercise of Share Options and Sale of Shares in terms of the Novus Holdings Share Appreciation Rights Scheme
2023-09-12
Disposal of Letting Enterprise - Registration of Transfer and Effective Date
2023-08-25
Changes to the Board - Appointment of Alternate Director
2023-08-25
Results of Annual General Meeting
2023-08-11
Disclosure of Beneficial Interest in Securities
2023-08-11
Disclosure of Beneficial Interest in Securities
2023-08-08
Dealings in Securities by Associate of Directors
2023-08-04
Disclosure of Beneficial Interest in Securities
2023-08-02
Dealings in Securities by Associates of Directors
2023-07-27
Revised Notice of Annual General Meeting
2023-07-24
Changes to the Board - Change in Function and Appointment of Director
2023-07-14
Distribution of Integrated Annual Report, No Change Statement and Notice of Annual General Meeting
2023-06-19
Short Form Announcement: Provisional Audited Results for the Year Ended 31 March 2023 and Results Presentation
2023-06-09
Trading Statement
2023-05-23
Disclosure of Beneficial Interest in Securities
2023-05-18
Disposal of Letting Enterprise - Fulfilment of Conditions Precedent
2023-04-05
Disposal of Letting Enterprise - Addendums to Agreements
2023-04-03
Mandatory Rotation of Auditor
2023-03-17
Changes to the Board and Board Committees
2023-02-02
Disposal of Letting Enterprise
2023-01-18
Changes to the Board - Retirement of Chief Executive Officer and Resignation of Directors
2022-12-23
Exercise of Share Options and Sale of Shares in terms of the Novus Holdings Share Appreciation Rights Scheme
2022-12-21
Exercise of Share Options and Sale of Shares in terms of the Novus Holdings Share Appreciation Rights Scheme
2022-11-28
Dealings in Securities by a Director of a Major Subsidiary
2022-11-18
Unaudited Interim Results for the six months ended 30 September 2022
2022-11-17
Fulfilment of Conditions Precedent to the Acquisition of Pearson SA
2022-11-14
Availability of B-BBEE Annual Compliance Report
2022-11-09
Trading Statement and Trading Update
2022-11-04
Results of General Meeting
2022-10-06
Distribution of Circular and Notice of General Meeting
2022-08-26
Results of Annual General Meeting
2022-08-12
Acquisition of a 75% Equity Share in Pearson South Africa and Withdrawal of Cautionary Announcement
2022-08-10
Renewal of Cautionary Announcement
2022-07-15
Distribution of Integrated Annual Report, No Change Statement and Notice of Annual General Meeting
2022-06-21
Cautionary Announcement
2022-06-17
Provisional Audited Results for the Year Ended 31 March 2022 and Results Presentation
2022-06-13
Trading Statement And Update On Department Of Basic Education Tender
2022-05-30
Initial Trading Statement