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General information

Sector: Industrials

The company is not available at Interactive Brokers

Stefanutti Stocks Holdings Limited (JSE:SSK) is one of South Africa's largest multidisciplinary construction groups with over 10 000 employees.

The group has the capacity to deliver a range of infrastructure development projects to clients across diverse sectors. All South African operations are divisions of Stefanutti Stocks (Pty) Ltd, a Level One B-BBEE contributor. 

This large South African construction company has a Grade 9 rating from the South African Construction Industry Development Board (CIDB), providing it with unlimited tender capability. Furthermore, its broad spectrum of expertise means that it has the capability and capacity to offer a single point responsibility on multidisciplinary (infrastructure development) projects, effectively removing the interface risk from the clients 2019 domain.

The group offers a broad spectrum of capabilities to the following sectors:

Building

Stefanutti Stocks Building and its divisions are leading Southern African building contractors that offer the full scope of traditional construction expertise. The Building business unit provides infrastructure including healthcare facilities, transport nodes, warehousing, retail and parkade developments, residential, office accommodation, educational institutions, hotels, leisure and industrial facilities.

Bulk Earthworks & Geotechnical

Stefanutti Stocks has provided bulk earthworks services to a range of clients across sub-Saharan Africa for almost three decades. The group 2019s capabilities include bulk earthworks, blasting and excavations for construction projects ranging from roads, mine infrastructure, highways, bridges, railways, causeways, trenches, dams and other water infrastructure, as well as residential, industrial and commercial buildings.

Civils

Stefanutti Stocks Civils is a leading civil engineering construction contractor that takes pride in delivering quality infrastructure projects to its clients across South Africa and Southern Africa.

The group's vast concrete construction and project delivery expertise is at the disposal of its clients within the transport, energy generation, heavy industrial, oil & gas, water and mining sectors. The group furthermore offers its services in specialist reinforced concrete construction and concrete repair & rehabilitation.

Mechanical & Electrical

Stefanutti Stocks 2019 Mechanical & Electrical business unit undertakes structural, mechanical, electrical, instrumentation and piping engineering construction works through its three divisions of Electrical & Instrumentation, Mechanical, and Oil & Gas. The group operates throughout South Africa and select bordering countries, working in particular for the mining-; industrial plants, oil & gas, water, sanitation & pipelines, and the energy sector. 

Marine Infrastructure

Stefanutti Stocks Coastal is a solutions-based marine and civil engineering construction contractor that operates throughout the coastal areas of South Africa and Africa. This division operates from its two harbour-city based offices, with its main office situated in KwaZulu-Natal, and an operations office located in Cape Town. The group offers its clients a vast array of broad construction services, with a particular expertise in the creation and development of all types of infrastructure.

Mining & Infrastructure

Stefanutti Stocks Mining Services provides mining clients across Southern Africa with professional engineering services in the fields of open cast contract mining, bulk material handling and waste residue disposal and recovery facilities. The group's services include the provision of professional personnel staff, plant and equipment as well as a wide range of associated design capabilities.

Water, Sanitation & Pipelines

Stefanutti Stocks 2019 experience within the Water, Sanitation and Pipelines sector spans the spectrum of national, regional, municipal and township infrastructure and includes institutional waste-water treatment facilities, water purification works, water storage reservoirs and stormwater.

 

In the United Arab Emirates (UAE) our associates comprise general construction; Al Tayer Stocks LLC, an interior fit out and refurbishment business, that also has a general construction division.



  • Pretty weak financial results growth rate 4.6% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (0.2%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 172.5% (LTM)
  • Share price is 204.9% higher than minimum and 27.7% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (4.4x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)1.2500
Share price, USD: 0.066632
Common stocks: 188 080 000

Dividend Yield:  0.0%
FCF Yield LTM: 172.5%
EV / LTM EBITDA: 4.4x
Last revenue growth (y/y):  -1.7%
Last growth of EBITDA (y/y):  +10.9%
Historical revenue growth:  -0.5%
Historical growth of EBITDA:  +32.7%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 13
Net Debt ($m): 32
EV (Enterprise Value): 45
EBITDA LTM ($m): 10
EV / LTM EBITDA: 4.4x
Price to Book: -4.29x

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

Old Mutual says local shares oversold, including MTN and Vodacom

South Africa’s weak economy and poor growth prospects have hidden the “phenomenal” potential for the shares in some locally focused companies to deliver returns for investors, according to Old Mutual Investment Group.

2020-11-04 13:00 +02:00
by Agency Staff

JSE:MTN JSE:VOD JSE:SHP JSE:APN JSE:OMU JSE:ITE JSE:MSM JSE:RBX JSE:ISA JSE:SSK

Construction firm Stefanutti Stocks hit by cyberattack

JSE-listed construction company Stefanutti Stocks was hit by a cyberattack on the morning of 31 August, it said in a statement to shareholders.

2020-09-02 15:10 +02:00
by Staff Reporter

JSE:JSE JSE:SSK

Probe into Eskom corruption widens significantly

Eskom contracts with five international companies will be scrutinised by South African state investigators as part of a widening probe into corruption at the debt-laden state-owned utility.

2020-03-16 09:17 +02:00
by Agency Staff

JSE:SPP JSE:ISA JSE:SSK

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Releases

2022-08-08
Dealings in securities by a director of a major subsidiary of the Company
2022-08-05
Results of Annual General Meeting and notice to shareholders in terms of section 45 of the Companies Act
2022-08-05
Dealings in securities by a director of a major subsidiary of the Company
2022-07-28
Dealings in securities by a director of a major subsidiary of the company
2022-07-18
Update on the disposal of the interest in Al Tayer Stocks LLC
2022-07-15
Dealing in securities by an Associate of a Director
2022-06-27
No Change Statement, notice of Annual General Meeting and distribution of Financial Statements
2022-06-03
Dealing in securities by a director of the company
2022-06-02
Disclosure of disposal of securities
2022-06-01
Disclosure of changes in beneficial interests in securities
2022-05-26
Reviewed condensed consolidated results for the 12 months ended 28 February 2022
2022-05-20
Change to title of a Board Member
2022-05-18
Trading Statement and Industry Related Matter
2022-05-17
Disposal of property
2022-04-07
Increase in holdings of securities
2022-03-01
Restructuring plan update
2021-11-26
Publication of Broad-Based Black Economic Empowerment Annual Compliance Report
2021-11-25
Unaudited condensed consolidated results for the 6 months ended 31 August 2021
2021-11-10
Trading statement
2021-11-09
Update on the disposal of the interest in Al Tayer Stocks LLC
2021-09-03
Stefanutti Stocks Holdings Limited - Dealings in Securities by Directors of the Company
2021-08-31
Results of general meeting
2021-08-23
Update on the disposal of the Mining Services Division
2021-08-06
Results of annual general meeting and notice to shareholders in terms of section 45 of the Companies Act
2021-08-05
Disclosure of disposal of securities and dealings in securities by a director of a major subsidiary of the company
2021-08-03
Dealings in securities by a director of a major subsidiary of the company

SENS Announcements

2024-03-28
Restructuring plan update
2024-03-08
Disclosure of changes in beneficial interests in securities
2024-03-01
Restructuring Plan Update
2023-11-28
Unaudited condensed consolidated results for the 6 months ended 31 August 2023
2023-11-20
Trading statement
2023-10-26
Publication of Broad-Based Black Economic Empowerment Annual Compliance Report
2023-10-04
Update Project Arbitration Award
2023-09-12
Kusile Power Project Update
2023-08-31
Dealings in securities by directors of the company and a director of a major subsidiary
2023-08-04
Results of annual general meeting and notice to shareholders in terms of section 45 of the Companies Act
2023-07-31
Project Arbitration award update
2023-06-28
Distribution of summarised consolidated annual financial statements, no change statement and notice of annual genera
2023-06-09
Disclosure of changes in beneficial interests in securities
2023-05-30
Project Arbitration Award update
2023-05-25
Reviewed Condensed Consolidated Results for the 12 months ended 28 February 2023
2023-05-22
Project Arbitration Award
2023-05-15
Trading statement
2023-04-26
Results of General Meeting
2023-03-27
Distribution of circular and notice of general meeting
2023-03-13
Changes to the board of directors
2023-03-01
Restructuring plan update
2023-02-13
Dealings in securities by a director of a major subsidiary of the company
2023-02-10
Dealings in securities by a director of a major subsidiary of the company
2023-02-10
Disclosure of changes in beneficial interests in securities
2023-02-06
Dealings in securities by a director of a major subsidiary of the Company
2023-02-01
Dealings in securities by a director of a major subsidiary of the Company
2022-12-21
Kusile Power Project update
2022-12-07
Publication of Broad-Based Black Economic Empowerment Annual Compliance Report
2022-12-05
Dealing in securities by a director of the company
2022-12-02
Dealing in securities by a director of the company
2022-11-30
Project Arbitration Award
2022-11-24
Unaudited condensed consolidated results for the six months ended 31 August 2022
2022-11-22
Results of General Meeting
2022-11-16
Trading Statement
2022-11-07
Disclosure of disposal of securities
2022-10-25
Distribution of category 1 transaction circular and notice of general meeting
2022-09-14
Category 1 transaction – Disposal of subsidiaries in Mozambique and Mauritius and related matters
2022-08-31
Dealings in securities by a director of a major subsidiary of the Company
2022-08-30
Dealings in securities by a director of a major subsidiary of the company
2022-08-08
Dealings in securities by a director of a major subsidiary of the Company
2022-08-05
Results of Annual General Meeting and notice to shareholders in terms of section 45 of the Companies Act
2022-08-05
Dealings in securities by a director of a major subsidiary of the Company
2022-07-28
Dealings in securities by a director of a major subsidiary of the company
2022-07-18
Update on the disposal of the interest in Al Tayer Stocks LLC
2022-07-15
Dealing in securities by an Associate of a Director
2022-06-27
No Change Statement, notice of Annual General Meeting and distribution of Financial Statements
2022-06-03
Dealing in securities by a director of the company
2022-06-02
Disclosure of disposal of securities
2022-06-01
Disclosure of changes in beneficial interests in securities
2022-05-26
Reviewed condensed consolidated results for the 12 months ended 28 February 2022
2022-05-20
Change to title of a Board Member
2022-05-18
Trading Statement and Industry Related Matter
2022-05-17
Disposal of property