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Pick n Pay Stores (PIK) USD

At a glance: strengths & risks
✓Net cash balance sheet✗Loss-making last FY

Sector: Retail (grocery)

ZA_PIK

Price chart

19.46 ZARDay 2.96%

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
19.46 ZAR · 2.96%
Market cap
893 mln USD

Growth

Δ revenue y/y
8.0%
Δ EBITDA y/y
-30.4%

Multiples

P/E (LTM)
—
P/B (FY)
1.5x
P/E (ann.)
<0
EV/EBITDA (LTM)
—

Cash return

Dividend yield
—
FCF yield (LTM)
-201.6%

Value creation

fundamental value/yr, % of market cap
Value created / year
-153.1%
↓ details

Liquidity

Daily turnover (listing)
27.6 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 results

Monetary columns are in M USD, 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.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-02-28FY 2026 (12M)OK7416.2
y/y 16.1%
-72.6
y/y —
239.8
y/y 17.1%
167.3
y/y 14.1%
-44.9
y/y —
194.6-1994.02854.2
y/y 12.4%
599.9
y/y 7.4%
-7.5%-3077.0—
2025-08-31H1 2026 (6M)OK3307.4
y/y 6.2%
17.0
y/y 278.0%
105.3
y/y 3.5%
122.3
y/y 15.1%
-27.2
y/y —
160.5-897.02671.9
y/y 4.2%
595.9
y/y 271.3%
-9.4%-5063.0Link
2025-02-28FY 2025 (12M)OK6387.7
y/y 7.2%
-58.2
y/y —
204.8
y/y -4.1%
146.5
y/y 54.7%
-39.5
y/y —
114.9-1677.02539.2
y/y 4.5%
558.6
y/y —
-11.0%-4178.0—
2024-08-25H1 2025 (6M)OK3114.5
y/y 2.3%
4.5
y/y 156.5%
101.8
y/y -6.0%
106.3
y/y -3.4%
-44.8
y/y —
79.4-571.02563.7
y/y 2.2%
160.5
y/y 21.7%
-123.4%-451.4Link
2024-02-29FY 2024 (12M)OK5958.3
y/y -1.9%
-118.7
y/y -195.5%
213.5
y/y 5.0%
94.7
y/y -71.1%
-175.1
y/y -362.7%
131.6-3444.02429.8
y/y 4.8%
-15.2
y/y -107.5%
-300.1%6062.0—
2023-08-27H1 2024 (6M)OK3045.4
y/y —
1.8
y/y —
108.2
y/y —
110.0
y/y —
-31.5
y/y —
166.5-1782.02508.5
y/y —
131.9
y/y —
-37.8%-127.9Link
2023-02-28FY 2023 (12M)OK6073.4
y/y —
124.4
y/y —
203.2
y/y —
327.6
y/y —
66.7
y/y —
154.9-3633.42319.0
y/y —
201.1
y/y —
—3671.0—

Revenue & EBITDA

RevenueEBITDA

Quarterly values (ZAR mln)

02 0004 0006 0008 0002023 FY2024 FY2025 FY2026 FY

Year-over-year change

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

Cash flow

FCF (ZAR mln)

-500501002023 FY2024 FY2025 FY2026 FY

Net debt / cash (ZAR mln)

-5 000-2 50002 5005 0002023 FY2024 FY2025 FY2026 FY

Profit and cash

Profit is cash-backed
In a typical year of 2023–2026 operating cash flow came to 2.32x of reported net profit; after capex, -0.78x. Loss years (2024, 2025, 2026) are left out of the ratio.
year2023202420252026
cash flow / profit2.32x———
accruals, % of assets-3.6%-12.3%-6.2%-8.5%
net debt / EBITDA -1.1x · capex 0.7x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

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

Value created per year: -153.1%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-02-28 vs 2025-02-28)
= (29 − 42) × 5.15
-66
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (893 + -3 077) ÷ 152
0.0x
3. Target multiple
(Current EV/EBITDA + 8) ÷ 2
= (0.0 + 8) ÷ 2
4.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -1 101 + 0 + 0 − 0
-1 101
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-66 × 4.0 + -1 101) ÷ 893
-153.1%

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

Caveats:

  • half-year basis (semi-annual reporter)
  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +1% vs +6% the year before — a -5.0 pp move. 3-year CAGR +4%.
revenue growth by year: 2024 +5% · 2025 +6% · 2026 +1%
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).

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)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Pick n Pay Stores (PIK) — from primary filings.

Pick n Pay Stores Limited is a South African retail company that operates hypermarkets, supermarkets, and other store formats, selling food, clothing, liquor, and general merchandise. It also offers online shopping services and has a presence in other African countries.

Frequently asked questions

What is Pick n Pay Stores (PIK)'s P/B ratio?
Pick n Pay Stores (PIK) trades at a P/B of 1.5x.
What is Pick n Pay Stores (PIK)'s return on equity (ROE)?
Pick n Pay Stores (PIK)'s ROE is -4.7%.
What is Pick n Pay Stores (PIK)'s market capitalization?
Pick n Pay Stores (PIK)'s market cap is 893 mln USD.

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