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General information

Sector: Basic Materials

The company is not available at Interactive Brokers

York Timber Holdings Limited (JSE:YRK) is an integrated forestry company. The group owns healthy, sustainable plantations and efficient processing plants and its plantation of 60 470 hectares is Forest Stewardship Council (FSC) certified.

York Timber is the largest solid wood processor producing lumber and plywood in South Africa with a wholesale distribution network designed to increase its service offerings to the market.

The group's nursery develops high-yielding tree species to allow optimal site and species matching. The trees harvested from its plantations, together with logs purchased from other growers, are processed at its sawmills and plywood plant. The group's processing facilities operate at recoveries greater than target to ensure the optimum usage of the harvested timber.

York Timbers continuously seeks improvements and opportunities in the integrated operations of primary and value-added processes. A biomass plant will substantially improve its raw material optimisation capabilities as the forest biomass and biomass residue can be used to generate electricity.

The group's finished products, both lumber and plywood, are distributed to its customers either directly from each mill or via warehouses. Its customers include truss plants, corporate and independent retailers, remanufacturers, furniture manufacturers and construction contractors.

Incorporated in 1916, York Timber Holdings Limited has been listed on the JSE since 1946.



  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -5.0% (LTM), projected -5.0%
  • Share price is 5.8% higher than minimum and 59.8% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (9.6x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (14.2x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)1.6500
Share price, USD: 0.087723
Common stocks: 474 096 970

Dividend Yield:  0.0%
FCF Yield LTM / expected: -5.0% / -5.0%
EV / LTM EBITDA: 9.6x
Last revenue growth (y/y):  -28.9%
Last growth of EBITDA (y/y):  -44.1%
Historical revenue growth:  +0.7%
Historical growth of EBITDA:  +12.9%
EV / expected EBITDA:
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 42
Net Debt ($m): 12
EV (Enterprise Value): 54
EBITDA LTM ($m): 6
EV / LTM EBITDA: 9.6x
Price to Book: 0.29x

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

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

Releases

2022-07-29
Appointment of company secretary
2022-07-18
Appointment of non-executive directors
2022-07-07
Resignation of company secretary
2022-07-01
Changes to the executive function of a director: appointment of a permanent chief executive officer
2022-06-29
Update: NUMSA unprotected strike
2022-06-22
Appointment of an independent non-executive director and chairperson of the board
2022-06-09
Changes to the board
2022-05-30
Resignation of an independent non-executive director
2022-05-13
NUMSA members embark on an unprotected strike
2022-04-04
Dealing in securities by an associate of a director of the company
2022-03-28
Unaudited condensed consolidated interim financial results for the six months ended 31 December 2021
2022-03-17
Trading statement and trading update
2022-02-28
Availability of the Broad-Based Black Economic Empowerment annual compliance report
2022-01-03
Dealings in securities by an associate of a director of the company
2021-12-31
Dealing in securities by an associate of a director of the company
2021-12-21
Dealing in securities by an associate of a director of the company
2021-12-15
Dealings in securities by an associate of a director of the company
2021-12-10
Dealings in securities by an associate of a director of the company
2021-11-11
Results of annual general meeting and changes to the board
2021-11-10
Update on the performance targets for 2022 and succession plan in respect of the chairman of the board
2021-10-13
Notice of annual general meeting and no change statement

SENS Announcements

2024-04-12
Conclusion of R350 million long-term debt facility
2024-03-28
Unaudited condensed consolidated interim financial results for the six months ended 31 December 2023
2024-03-15
Trading statement and trading update
2024-01-29
Acquisition of farm land including standing timber
2024-01-02
Dealing in securities by a director
2023-12-04
Availability of the broad-based black economic empowerment (“B-BBEE”) annual compliance report
2023-11-24
Results of annual general meeting
2023-10-30
Availability of the annual report (incorporating updated annual financial statements)
2023-10-25
Notice of annual general meeting
2023-10-18
Notice of a disposal of a beneficial interest in York securities
2023-10-17
Notice of an acquisition of a beneficial interest in York securities
2023-10-16
Dealings in securities by an associate of directors of the company
2023-09-29
Audited consolidated annual financial results for the year ended 30 June 2023
2023-09-27
Updated trading statement and trading update
2023-09-15
Trading statement and trading update
2023-03-30
Unaudited condensed consolidated interim financial results for the six months ended 31 December 2022
2023-03-20
Trading statement and trading update
2023-02-21
Appointment of external auditor
2023-02-06
Update regarding the appointment of the chief financial officer
2023-01-27
Notice of change in a beneficial interest in York securities
2023-01-12
Notice of acquisitions of a beneficial interest in York securities
2023-01-12
CANCELLATION OF S470460 Notice of acquisitions of a beneficial interest in York securities
2023-01-11
Notice of acquisitions of a beneficial interest in York securities
2023-01-09
Results of the York rights offer and directors’ dealings
2022-12-30
Dealing in securities by an associate of directors
2022-12-07
Availability of the broad-based black economic empowerment annual compliance report
2022-12-07
Finalisation announcement in respect of the York rights offer and distribution of the rights offer circular
2022-12-05
Declaration announcement in respect of the York rights offer and dealings by an associate of directors and director
2022-11-21
Appointment of chief financial officer and resignation of external auditor
2022-11-10
Results of annual general meeting
2022-11-09
Appointment of lead independent director
2022-11-07
Change to the board, withdrawal of OR 4.3 at the AGM and amendments to the performance target and new LTI
2022-10-17
Notification of change to schedule 13 – director’s declaration
2022-10-07
Notice of annual general meeting and no change statement
2022-09-21
Summarised consolidated financial results for the year ended 30 June 2022
2022-09-09
Trading statement and trading update
2022-07-29
Appointment of company secretary
2022-07-18
Appointment of non-executive directors
2022-07-07
Resignation of company secretary
2022-07-01
Changes to the executive function of a director: appointment of a permanent chief executive officer
2022-06-29
Update: NUMSA unprotected strike
2022-06-22
Appointment of an independent non-executive director and chairperson of the board
2022-06-09
Changes to the board
2022-05-30
Resignation of an independent non-executive director
2022-05-13
NUMSA members embark on an unprotected strike