Choppies Enterprises Limited

ZAc 70.00As of Sun 8 Nov 2026, 12:00 UTC

JSE:CHPConsumer Def

Country South Africa

PE (Fwd) 12.64

TSR 10Y CAGR (16.37%)

Div yield —

ROE 18.94%

Grocery Stores

Beta (5Y) 0.18

PE TTM 13.72

TSR TTM (73.88%)

Mkt cap R 1.273B

ROIC 20.01%

SE Grade™

Value

Quality

Moat

Target

Reference

—

99.74%

Price below Reference Value

TTM

FYE 30 Jun BWP

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

9.822

RevenueBWP B

—

6.433

7.940

9.107

9.822

10.68

15.15%

—

7.85

Revenue growth%

—

23.43

14.70

7.85

8.76

14.70

—

20.53

Gross margin%

—

21.13

20.42

20.79

20.53

20.48

20.66

—

3.07

Operating margin%

—

5.91

4.89

4.52

3.07

3.01

4.71

—

0.76

Net margin%

—

2.29

1.74

1.07

0.76

0.73

1.40

—

13.72

P/E ratio (avg)x

—

4.533

6.017

12.68

62.99

13.21

9.347

—

7.183

EV/EBITx

—

4.527

5.230

5.609

19.43

5.666

5.419

—

30.61

FCF yield (avg)%

—

44.87

56.97

32.04

6.67

34.14

38.45

—

3.21

FCF margin%

—

4.65

5.96

4.33

3.21

3.29

4.49

—

4.200

FCF / Net incomex

—

2.034

3.428

4.062

4.200

4.509

3.745

—

20.01

ROIC%

—

31.80

29.23

28.49

20.01

22.19

28.86

—

18.94

Return on equity%

—

104.26

68.66

31.70

18.94

16.24

50.18

—

2.39

Return on assets%

—

6.75

4.88

3.30

2.39

2.42

4.09

—

0.04

EPSBWP

—

0.11

0.07

0.05

0.04

(27.86%)

—

(21.62)

EPS growth%

—

(31.85)

(29.71)

(21.62)

3.90

(29.71)

—

0.24

Bookvalue per shBWP

—

0.10

0.14

0.19

0.24

0.28

32.04%

—

0.17

FCF per shareBWP

—

0.22

0.26

0.21

0.17

0.19

(8.13%)

—

Dividend per shBWP

—

Div yield (avg)%

—

Payout ratio%

—

1.819

Shares (diluted)B

—

1.345

1.853

1.827

◌1.827

10.76%

—

1.36

Buyback yield%

—

(37.74)

—

1.36

◌—

—

3.005

D/E ratiox

—

9.050

5.383

3.564

3.005

2.553

4.474

—

2.169

Enterprise valueBWP B

—

1.720

2.029

2.311

5.869

1.823

50.54%

—

184.0

LT debtBWP M

—

216.0

243.0

112.0

184.0

(5.20%)

—

Peers (US$202.2M)

Cap (US$)

Best Mart 360 Holdings…

213.7M

7.780x

ALBIS Co.,Ltd.

200.1M

24.61x

Uoriki Co., Ltd.

184.6M

21.04x

Beijing UBOX Online…

173.3M

—

Capital

TTM

10Y

Leveragex

1.809

1.824

EBIT/Intx

2.673

3.523

Own earn%

—

Sh yield%

1.36

—

Owners

Insiders/Inst%

47.45

20.21

Short interest%

—

SBC / revenue%

0.02

Record

10Y

Profitable years

4/4

Revenue growth years

3/3

EPS growth years

0/3

Dividend streakyrs

Op margin range%

3–6

$1 testx

12.4

Incr. ROIC%

−20

Choppies Enterprises Limited operates a chain of supermarkets in Botswana, Zambia, and Namibia. The company operates through Botswana; Namibia; Zambia; Liquorama; and Rest of Choppies segments. It provides fast-moving consumer goods; engages in retail and wholesale of liquor; and milling and manufacturing of tissue and bottled water, as well as hardware retail business.

Growth vs revenue

Latest

Trend

3Y CAGR

Rel growth

Revenue

BWP 9.822B

15.15%

1.00×

Cost of revenue

BWP 7.806B

15.44%

1.01×

Operating expenses

BWP 1.714B

20.52%

1.15×

Asset mix

Trend

Other

90.31%

Cash and investments

5.74%

Goodwill & intangibles

3.95%

Reinvestment returns

4Y median

Trend

Reinvestment rate

(12.31%)

Return on capital

28.86%

Spread over hurdle

n/m