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General information

Sector: Consumer Goods

The company is not available at Interactive Brokers

Quantum Foods (JSE:QFH) is a diversified feed and poultry business that provides quality animal protein to selected South African and African markets.

Quantum Foods has fully integrated egg and broiler businesses with access to superior genetics in both fields. The Feed Producing Unit has state-of-the-art manufacturing facilities and a strategic alliance with an international company to ensure cutting edge technology transfer.

Quantum Foods 2019 head office is situated in the town of Wellington in the Western Cape.

The company was established as a means to benefit from the bran off-take of the Pioneer Group 2019s milling business 2013 today it is a self-contained business and has four focus areas:

  • Animal Feeds
  • Farming: Layer & Broiler
  • Eggs
  • Related business in the rest of Africa

 



  • Bad financial results growth rate -3.6% (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 4.5% (LTM)
  • Share price is 235.2% higher than minimum and 23.1% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (-78.5x vs
    )

Key Financials

Share price, ZAR:  (0.0%)14.08
Share price, USD: 0.7512
Common stocks: 200 994 318

Dividend Yield:  0.0%
FCF Yield LTM: 4.5%
EV / LTM EBITDA: -78.5x
Last revenue growth (y/y):  -7.1%
Last growth of EBITDA (y/y):  0.0%
Historical revenue growth:  +5.6%
Historical growth of EBITDA:  -42.3%
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 151
Net Debt ($m): -1
EV (Enterprise Value): 149
EBITDA LTM ($m): -2
EV / LTM EBITDA: -78.5x
Price to Book: 1.41x

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

S.African retailer SPAR exploring egg imports as bird flu hits supplies

Grocery retailer SPAR Group is exploring potentially importing eggs from several southern African countries as South Africa`s worst outbreak of avian flu hits egg supplies and threatens the supply of chicken meat.

2023-10-05

JSE:WHL JSE:SPP JSE:AVI JSE:RCL JSE:ARL JSE:QFH

South African retailers ration eggs as shortages persist

South African grocery retailers Woolworths and Pick n Pay are limiting the amount of eggs shoppers can buy as the country`s worst outbreak of avian flu hits table egg supplies and threatens the supply of chicken meat.

2023-10-04

JSE:SHP JSE:WHL JSE:AVI JSE:RCL JSE:MSM JSE:ARL JSE:QFH

S.Africa`s RCL Foods culls 410,000 chickens amid bird flu outbreak

South Africa`s RCL Foods said on Thursday its poultry unit Rainbow has culled 410,000 chickens due to the country`s worst outbreak of avian flu, heightening fears of chicken meat and egg shortages.

2023-09-28

JSE:AVI JSE:RCL JSE:ARL JSE:MPT JSE:QFH

S.Africa`s Quantum Foods says about 2 million chickens killed by bird flu

South African poultry producer Quantum Foods on Friday said nearly 2 million chickens worth 106 million rand ($5.63 million) have been killed by a bird flu outbreak, increasing fears of a table egg and meat shortage.

2023-09-22

JSE:AVI JSE:ARL JSE:MPT JSE:QFH

South Africa`s Quantum Foods warns of 38% drop in first-half profit

South African feed and poultry company Quantum Foods said on Thursday half-year earnings could fall as much as 38%, partly due to a margin squeeze in its egg business because of lower selling prices.

2020-04-02

JSE:MPT JSE:QFH

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Releases

2022-05-27
Unaudited interim financial statements and cash dividend declaration for the six months ended 31 March 2022
2022-05-25
Appointment of interim company secretary
2022-05-25
2022 Interim results presentation
2022-05-17
Operational update and trading statement
2022-03-31
Dealing in securities by an associate of a director
2022-03-23
Dealings in securities by directors and an associate of a director
2022-03-07
Exercise of phantom share rights in terms of the Quantum Foods Holdings Limited Equity Settled Phantom Share Plan
2022-03-04
Acceptance of allocated phantom share rights in terms of the Quantum Foods Equity Settled Phantom Share Plan
2022-03-01
Resignation of company secretary
2022-02-28
Results of annual general meeting
2022-02-24
Voluntary trading update for the 4 months ended 31 January 2022
2021-12-13
Notice of AGM, no change statement, availability of the B-BBEE report and nomination for election to the board
2021-11-26
Summary audited consolidated financial statements for the year ended 30 September 2021
2021-11-23
2021 annual results presentation
2021-10-21
Trading statement and operational update
2021-09-09
Change to the board of directors – appointment of lead independent director

SENS Announcements

2024-03-28
Dealings in securities by a director and an associate of a director of the company
2024-03-27
Dealings in securities by an associate of a director of the company
2024-03-19
Dealing in securities by an associate of a director of the company
2024-03-18
Dealings in securities by an associate of a director of the company
2024-03-15
Dealing in securities by an associate of a director of the company
2024-03-13
Demand received from a shareholder
2024-03-13
Update regarding recent trading in the company's securities
2024-03-11
Dealings in securities by directors of the company and a director of a major subsidiary of the company
2024-03-11
Exercise of phantom share rights in terms of the Quantum Foods Holdings Limited Equity Settled Phantom Share Plan
2024-03-11
Notice of an acquisition of a beneficial interest in the company's securities
2024-03-08
Update regarding recent trading in the company’s securities
2024-03-07
Disclosure of a disposal of a beneficial interest in the company’s securities
2024-02-27
Retirement of Chief Executive Officer (“CEO”) and appointment of successor
2024-02-26
Results of AGM & invitation to engage regarding the group’s remuneration policy & remuneration implementation report
2024-02-23
Voluntary operational update
2023-12-14
Notice of AGM, availability of annual integrated report and availability of the B-BBEE annual compliance report
2023-12-01
Audited consolidated annual financial statements for the year ended 30 September 2023
2023-11-29
2023 annual results presentation
2023-11-10
Updated trading statement
2023-10-04
Notification in terms of section 45(5) of the Companies Act
2023-09-22
Highly pathogenic avian influenza outbreak and trading statement
2023-09-15
Dealings in securities by directors, a director of a major subsidiary and an associate of a director of the company
2023-09-12
Exercise of PSRs in terms of the QFH Equity Settled Phantom Share Plan & change in nature of director's holdings
2023-08-04
Amendment to director's declaration
2023-06-23
Change in external auditor
2023-05-26
Unaudited condensed consolidated interim financial statements for the six months ended 31 March 2023
2023-05-24
2023 interim results presentation
2023-05-09
Revised trading statement and HPAI outbreak at Lemoenkloof layer farm
2023-03-02
Acceptance of granted phantom share rights in terms of the Quantum Foods Equity Settled Phantom Share Plan
2023-02-27
Results of annual general meeting
2023-02-23
Trading statement and operational update
2022-12-15
Notice of annual general meeting, no change statement and availability of the B-BBEE report
2022-11-25
Summary audited consolidated financial statements for the year ended 30 September 2022
2022-11-23
2022 annual results presentation
2022-11-07
Updated trading statement
2022-10-14
Trading statement and operational update
2022-09-20
Appointment of company secretary
2022-05-27
Unaudited interim financial statements and cash dividend declaration for the six months ended 31 March 2022
2022-05-25
Appointment of interim company secretary
2022-05-25
2022 Interim results presentation
2022-05-17
Operational update and trading statement