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Pick n Pay Stores ZAR

Update

Sector: Retail (grocery)

ZA_PIK

Price chart

21.32 ZARDay 2.70%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
21.32 ZAR · 2.70%
Market cap
15.7 bn ZAR

Growth

Δ revenue y/y
3.4%
Δ EBITDA y/y
99.7%

Multiples

P/E (LTM)
P/B (FY)
1.5x
EV/EBITDA (LTM)
2.3x

Cash return

Dividend yield
FCF yield (LTM)
43.1%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
12.4 mln ZAR

Shares: yahoo_fundamentals_timeseries/PIK.JO

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial dynamics

Monetary columns are in B ZAR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB ZAROperating profitB ZARD&AB ZAREBITDAB ZARNet profitB ZAROperating CFB ZARCapex + M&AB ZARAssetsB ZAREquityB ZARROE (annualized)Net debtB ZARSource
2026-03-01FY 2026 (12M)OK123.2
y/y 3.4%
1.7
y/y
3.8
y/y -1.3%
5.5
y/y 99.7%
-0.7
y/y
3.2-1.945.5
y/y -2.8%
10.7
y/y 4.0%
-7.2%-3.1
2026-02-28FY 2026 (12M)OK120.3
y/y 1.0%
-1.2
y/y
3.9
y/y 1.9%
2.7
y/y -0.7%
-0.7
y/y
3.2-2.045.5
y/y -2.8%
9.6
y/y -7.1%
-7.3%-3.1
2025-02-28FY 2025 (12M)OK119.0
y/y 6.0%
-1.1
y/y
3.8
y/y -5.1%
2.7
y/y 53.0%
-0.7
y/y
2.1-1.746.8
y/y -0.2%
10.3
y/y
-14.7%-4.2
2024-02-29FY 2024 (12M)OK112.3
y/y 5.4%
-2.2
y/y -202.6%
4.0
y/y 12.8%
1.8
y/y -68.9%
-3.3
y/y -382.2%
2.5-3.446.9
y/y 9.9%
-0.3
y/y -107.9%
-193.6%6.1
2023-02-28FY 2023 (12M)OK106.6
y/y
2.2
y/y
3.6
y/y
5.7
y/y
1.2
y/y
2.7-3.642.7
y/y
3.7
y/y
3.7
Data quality No obvious scale, balance-sheet, or cash-flow sanity issues in the displayed periods.

Revenue & EBITDA

RevenueEBITDA

Quarterly values (ZAR mln)

025 00050 00075 000100 000125 0002023 FY2024 FY2025 FY2026 FY

Year-over-year change

-100%-50%0%50%100%2023 FY2024 FY2025 FY2026 FY

Cash flow

FCF (ZAR mln)

-1 00001 0002 0002023 FY2024 FY2025 FY2026 FY

Net debt / cash (ZAR mln)

-5 000-2 50002 5005 0002023 FY2024 FY2025 FY2026 q12026 q4

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +3% vs +6% the year before — a -2.6 pp move. 3-year CAGR +5%.
revenue growth by year: 2024 +5% · 2025 +6% · 2026 +3%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +97.9%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X
= —
2 722
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (15 652 + -3 077) ÷ 5 453
2.3x
3. Target multiple
(Current EV/EBITDA + 8) ÷ 2
= (2.3 + 8) ÷ 2
5.2x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -1 101 + 0 + 0 − 0
1 303
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (2 722 × 5.2 + 1 303) ÷ 15 652
+97.9%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2023-05-31119.2539 ZAREx-dividend: 119.2539 ZAR per sharePaidYahoo Finance (ex-div)
2022-11-3038.1221 ZAREx-dividend: 38.1221 ZAR per sharePaidYahoo Finance (ex-div)
2022-06-01157.546 ZAREx-dividend: 157.546 ZAR per sharePaidYahoo Finance (ex-div)
2021-12-0130.4297 ZAREx-dividend: 30.4297 ZAR per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)