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General information

Sector: Financials

The company is not available at Interactive Brokers

Zeder Investments Limited (JSE:ZED) is a leading investment holding company in the agribusiness industry in southern Africa.

The Agribusiness Industry

Zeder invests in the “agribusiness” industry. Agribusiness is a broad descriptive term referring to a range of activities and processes involved in modern food and raw material production. It encompasses all the procedural and practical services and products associated with the word “agriculture”: farming of every sort, machinery, distribution, processing, marketing, financing and so on. The success of this industry is key to the future of the global population which continues to grow and urbanise. Through its strategic core investments, Zeder is geared to play a significant part.

Investment Approach

Zeder’s portfolio of investments has gone through a process of refinement in the past years as the group moved from several smaller investments to fewer, larger commitments. The group did this in order to further pursue its value creation strategy, which relies heavily on focussing efforts and recourses on specific investments, and influencing strategy, operations, structures and financing.

The group's current core investments provide the platform for it to pursue its growth strategy and give it a good presence and impact across the agribusiness industry. Zeder will continue to actively look at adding specific investments to its portfolio in strategic and sizable businesses, with proven track records and sound leadership.

Africa is an exciting place to be investing in the agribusiness industry and, despite the challenges of the region, represents an abundant opportunity to create value in the future. The group's core strategy remains consistent – to identify areas of potential, invest its resources in support of that potential, and finally to work with management to grow those investments into profitable and sustainable enterprises. This is how Zeder creates value.



  • Good financial results growth rate 247.6% (average between last period year over year growth for revenue and Net Income), there is acceleration compared to average historical growth rates (0.9%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 11.8% higher than minimum and 52.0% lower than maximum for the last 3 years
  • The company is overvalued by P/E LTM multiple compared to target level (35.0x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (+2.3%)1.8000
Share price, USD: 0.096033
Common stocks: 1 539 772 727

Dividend Yield:  0.0%
P/E LTM: 35.0x
Last revenue growth (y/y):  -4.8%
Last growth of Net Income (y/y):  +500.0%
Historical revenue growth:  +42.4%
Historical growth of Net Income:  +140.1%
Target P/E (hist percentile):
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 148
Net Profit ($m): 4
P/E LTM: 35.0x
Price to Book: 0.67x

Revenue and Net Income

Semi-Annual values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

P / E

Potential dynamics

Reuters Headlines

UPDATE 1-South Africa`s rand retreats as Fed pendulum swings back to soft cuts

South Africa`s rand weakened on Friday, giving back some of the big gains from the previous session as expectations of an aggressive interest rate cut by the Federal Reserve cooled, prompting investors to pocket end-of-week profits.

2019-07-19

JSE:GFI JSE:BVT JSE:ZED JSE:ARH

PepsiCo to buy South Africa`s Pioneer Food for $1.7 billion

PepsiCo has struck a deal to buy South Africa`s Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer`s shares and boosting a sector that has been hit by drought and tough trading conditions.

2019-07-19

JSE:AVI JSE:ZED

UPDATE 2-South African dairy firm Clover says in takeover talks, shares soar

* Clover has boosted profit with new strategy (Adds analyst quote, background)

2018-10-19

JSE:TBS JSE:AVI JSE:ZED

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

Releases

2022-07-20
Results of the Annual General Meeting of Zeder
2022-06-17
Distribution of Annual Report and Notice of Annual General Meeting
2022-05-30
Broad-Based Black Economic Empowerment Act: Annual Compliance Report
2022-05-26
Publication Of Annual Financial Statements, No Change Statement And Details Of Annual General Meeting
2022-05-23
Unbundling of Kaap Agri Shares: Update on the Determination of Expenditure and Tax Cost for South African Purposes
2022-04-13
Results For The Year Ended 28 February 2022 And Special Dividend Declaration
2022-04-12
Withdrawal of Cautionary Announcement
2022-04-06
Notice Of Results Presentation And Webcast Details
2022-04-01
Zeder Unbundling: Closing Price of Zeder Investments Limited and Kaap Agri Limited Shares on Record Date
2022-04-01
Implementation of the Disposal of the Logistics Group
2022-03-31
Unbundling Of Kaap Agri Limited (“Kaap Agri”) Shares: Apportionment of Tax Cost for South African Income Tax Purpose
2022-03-22
Finalisation Announcement in Respect of the Zeder Unbundling
2022-03-15
Disposal of The Logistics Group - Results of The General Meeting
2022-03-01
Change to Independent Joint JSE Sponsor
2022-02-28
Unbundling of Kaap Agri Shareholding and Further Cautionary Announcement
2022-02-15
Category 1 Disposal: Distribution of Circular and Notice of General Meeting
2022-02-01
Further Cautionary Announcement

SENS Announcements

2024-04-24
Reviewed Condensed Results for the Year Ended 29 February 2024 and Special Dividend Declaration
2024-04-19
Condensed Reviewed Results Presentation
2024-03-28
Zeder Portfolio Investments - Third Party Approaches
2024-03-01
Exercise and Related Net-Equity Settlement of Share Options in terms of The Zeder Group Share Incentive Trust
2024-02-27
Finalisation Announcement in Respect of the Special Dividend
2024-02-20
Update Announcement in Respect of the Special Dividend
2024-02-06
Special Dividend Declaration
2024-01-24
Exercise and Related Net Cash Settlement of Share Options in Terms of the Zeder Group Share Incentive Trust
2024-01-15
Dealing in Zeder Securities by a Share Incentive Scheme
2024-01-12
Dealing in Zeder Securities by a Share Incentive Scheme
2024-01-11
Dealing in Zeder Securities by a Share Incentive Scheme
2024-01-10
Dealing in Zeder Securities by a Share Incentive Scheme
2024-01-09
Dealing in Zeder Securities by a Share Incentive Scheme
2023-12-22
Dealings in Zeder Securities by a Share Incentive Scheme
2023-12-21
Dealing in Zeder Securities by a Share Incentive Scheme
2023-12-20
Dealing in Zeder Securities by a Share Incentive Scheme
2023-12-19
Dealing in Zeder Securities by a Share Incentive Scheme
2023-12-18
Dealing in Zeder Securities by a Share Incentive Scheme
2023-12-14
Dealing in Zeder Securities by a Share Incentive Scheme
2023-12-13
Dealing in Zeder Securities by a Share Incentive Scheme
2023-12-12
Dealing in Zeder Securities by a Share Incentive Scheme
2023-12-11
Dealing in Zeder Securities by a Share Incentive Scheme
2023-10-26
Finalisation Announcement In Respect Of The Special Dividend
2023-10-24
Update Announcement in Respect of the Special Dividend
2023-10-17
Unaudited Results For The Six Months Ended 31 August 2023 And Special Dividend Declaration
2023-09-18
Category 2 Announcement: Disposal Of Capespan Group, Excluding The Pome Farming Unit
2023-08-15
Finalisation Announcement In Respect Of The Special Dividend
2023-08-08
Update announcement in respect of the Special Dividend
2023-07-26
Results of the Annual General Meeting of Zeder
2023-07-25
Special Dividend Declaration
2023-06-08
Distribution Of Annual Report and Notice Of Annual General Meeting
2023-05-24
Publication of Annual Financial Statements, No Change Statement and Details of Annual General Meeting
2023-04-19
Reviewed Results For The Year Ended 28 February 2023
2023-04-11
Trading Statement, Reviewed Results Presentation And Broad-Based Black Economic Empowerment Act: Annual Compliance
2023-03-01
Exercise and Related Net-Equity Settlement of Share Options in Terms of the Zeder Group Share Incentive Trust
2023-02-27
Dealings in Zeder Securities by a Share Incentive Scheme
2023-02-23
Exercise and Related Net-Equity Settlement of Share Options in Terms of The Zeder Group Share Incentive Trust
2023-02-08
Disclosure of Disposal of Securities
2023-01-31
Implementation of Category 2 Disposal
2022-12-08
Delisting of Appraisal Right Shares
2022-11-14
Disclosure of Acquisition of Securities
2022-10-26
Finalisation Announcement in respect of the Special Dividend
2022-10-25
Update announcement in respect of the special dividend
2022-10-12
Unaudited Results for the Six Months ended 31 August 2022 and Special Dividend Declaration
2022-10-06
Trading Statement and Interim Results Presentation
2022-09-29
Earn-out Payment Regarding the Disposal of the Logistics Group
2022-09-21
Disclosure of Acquisition of Securities
2022-08-31
Exercise and Related Net-Equity Settlement of Share Options in Terms of the Zeder Group Share Incentive Trust
2022-08-29
Category 2 Disposal Announcement
2022-07-20
Results of the Annual General Meeting of Zeder
2022-06-17
Distribution of Annual Report and Notice of Annual General Meeting
2022-05-30
Broad-Based Black Economic Empowerment Act: Annual Compliance Report
2022-05-26
Publication Of Annual Financial Statements, No Change Statement And Details Of Annual General Meeting
2022-05-23
Unbundling of Kaap Agri Shares: Update on the Determination of Expenditure and Tax Cost for South African Purposes