Spear Reit Limited (JSE:SEA)

Spear Reit Statistics

Total Valuation

Spear Reit has a market cap or net worth of ZAR 5.14 billion. The enterprise value is 4.77 billion.

Market Cap	5.14B
Enterprise Value	4.77B

Important Dates

The last earnings date was Monday, May 18, 2026.

Earnings Date	May 18, 2026
Ex-Dividend Date	Nov 5, 2025

Share Statistics

Spear Reit has 395.76 million shares outstanding. The number of shares has increased by 32.50% in one year.

Current Share Class	395.76M
Shares Outstanding	395.76M
Shares Change (YoY)	+32.50%
Shares Change (QoQ)	+12.41%
Owned by Insiders (%)	13.04%
Owned by Institutions (%)	64.19%
Float	344.14M

Valuation Ratios

The trailing PE ratio is 6.31.

Price/FFO Ratio	n/a
Price/AFFO Ratio	n/a
PE Ratio	6.31
Forward PE	n/a
PS Ratio	6.03
PB Ratio	0.95
P/TBV Ratio	0.96
P/FCF Ratio	13.87
P/OCF Ratio	12.99
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 10.14, with an EV/FCF ratio of 12.85.

EV / Earnings	5.96
EV / Sales	5.59
EV / EBITDA	10.14
EV / EBIT	10.52
EV / FCF	12.85

Financial Position

The company has a current ratio of 1.99

Current Ratio	1.99
Quick Ratio	1.58
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	3.01

Financial Efficiency

Return on equity (ROE) is 17.18% and return on invested capital (ROIC) is 8.37%.

Return on Equity (ROE)	17.18%
Return on Assets (ROA)	4.28%
Return on Invested Capital (ROIC)	8.37%
Return on Capital Employed (ROCE)	6.18%
Weighted Average Cost of Capital (WACC)	5.38%
Revenue Per Employee	n/a
Profits Per Employee	n/a
Employee Count	30
Asset Turnover	0.13
Inventory Turnover	n/a

Taxes

In the past 12 months, Spear Reit has paid 4.00 million in taxes.

Income Tax	4.00M
Effective Tax Rate	0.50%

Stock Price Statistics

The stock price has increased by +34.02% in the last 52 weeks. The beta is 0.21, so Spear Reit's price volatility has been lower than the market average.

Beta (5Y)	0.21
52-Week Price Change	+34.02%
50-Day Moving Average	1,267.20
200-Day Moving Average	1,160.98
Relative Strength Index (RSI)	53.57
Average Volume (20 Days)	1,058,698

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, Spear Reit had revenue of ZAR 853.20 million and earned 799.75 million in profits. Earnings per share was 2.06.

Revenue	853.20M
Gross Profit	545.78M
Operating Income	453.07M
Pretax Income	803.75M
Net Income	799.75M
EBITDA	469.87M
EBIT	453.07M
Earnings Per Share (EPS)	2.06

Balance Sheet

The company has 392.72 million in cash and n/a in debt, with a net cash position of 392.72 million or 0.99 per share.

Cash & Cash Equivalents	392.72M
Total Debt	n/a
Net Cash	392.72M
Net Cash Per Share	0.99
Equity (Book Value)	5.39B
Book Value Per Share	13.21
Working Capital	254.09M

Cash Flow

In the last 12 months, operating cash flow was 396.12 million and capital expenditures -25.20 million, giving a free cash flow of 370.92 million.

Operating Cash Flow	396.12M
Capital Expenditures	-25.20M
Depreciation & Amortization	16.79M
Net Borrowing	n/a
Free Cash Flow	370.92M
FCF Per Share	0.94

Margins

Gross margin is 63.97%, with operating and profit margins of 53.10% and 93.74%.

Gross Margin	63.97%
Operating Margin	53.10%
Pretax Margin	94.20%
Profit Margin	93.74%
EBITDA Margin	55.07%
EBIT Margin	53.10%
FCF Margin	43.47%

Dividends & Yields

This stock pays an annual dividend of 0.83, which amounts to a dividend yield of 6.41%.

Dividend Per Share	0.83
Dividend Yield	6.41%
Dividend Growth (YoY)	4.08%
Years of Dividend Growth	4
Payout Ratio	37.56%
Buyback Yield	-32.50%
Shareholder Yield	-26.09%
Earnings Yield	15.54%
FCF Yield	7.21%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Altman Z-Score	n/a
Piotroski F-Score	3