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Balwin Properties Ltd
JSE:BWN

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Balwin Properties Ltd
JSE:BWN
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Price: 320 Zac -4.76% Market Closed
Market Cap: 1.7B ZAR

P/OCF

-26.8
Current
544%
More Expensive
vs 3-y average of -4.2

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
-26.8
=
Market Cap
Zac1.8B
/
Operating Cash Flow
-62m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
-26.8
=
Market Cap
Zac1.8B
/
Operating Cash Flow
-62m

Valuation Scenarios

Balwin Properties Ltd is trading above its industry average

If P/OCF returns to its Industry Average (1.4), the stock would be worth Zac-16.79 (105% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-135%
Maximum Upside
No Upside Scenarios
Average Downside
120%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple -26.8 Zac320
0%
Industry Average 1.4 Zac-16.79
-105%
Country Average 9.3 Zac-110.62
-135%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
ZA
Balwin Properties Ltd
JSE:BWN
1.7B ZAR -26.8 6.5
US
D R Horton Inc
NYSE:DHI
44.6B USD 12.2 14
US
DR Horton Inc
XMUN:HO2
28.4B EUR 9.1 10.5
US
Pultegroup Inc
NYSE:PHM
23.8B USD 12.6 11.7
US
Lennar Corp
NYSE:LEN
22.8B USD 315.2 12.9
US
NVR Inc
NYSE:NVR
17.9B USD 16 14.5
JP
Sekisui House Ltd
TSE:1928
2.2T JPY 10.4 9.6
US
Toll Brothers Inc
NYSE:TOL
13.6B USD 8.8 9.9
US
TopBuild Corp
NYSE:BLD
12.2B USD 16.1 23.4
UK
Barratt Developments P L C
LSE:BDEV
6.8B GBP 35.4 31.3
US
Installed Building Products Inc
NYSE:IBP
7.9B USD 21.4 29.9

Market Distribution

Lower than 100% of companies in South Africa
Percentile
0th
Based on 20 companies
0th percentile
-26.8
Low
1.4 — 2.5
Typical Range
2.5 — 13
High
13 —
Distribution Statistics
South Africa
Min 1.4
30th Percentile 2.5
Median 9.3
70th Percentile 13
Max 95.6

Balwin Properties Ltd
Glance View

Market Cap
1.7B Zac
Industry
Consumer products

Amidst the urban sprawl of South Africa's rapidly developing cities, Balwin Properties Ltd manages a delicate balance between capturing the picturesque appeal of modern residential communities and addressing the ever-growing demand for affordable, quality housing. Founded in 1996, Balwin's ascent in the real estate market is driven by its strategic focus on developing large-scale sectional title residential estates. These comprehensively planned units cater to the burgeoning middle-class population, offering a blend of lifestyle-oriented services such as clubhouses, swimming pools, gyms, and eco-friendly features. Balwin’s projects are predominantly situated in key urban growth nodes across Johannesburg, Pretoria, Cape Town, and Durban, reflecting their targeted approach to capitalize on South Africa's urbanization trends. The company draws its revenue through a meticulously crafted business model that prioritizes the sale of pre-designed, standardized apartments. Balwin Properties operates a high-volume, low-margin approach, which allows them to maintain competitive pricing while accelerating the return on investment. By managing its construction operations in-house and securing significant discounts from suppliers through scale economies, Balwin effectively maintains cost efficiency. Furthermore, their phased development strategy allows them to tailor offerings to current market conditions, ensuring a steady pipeline of new units hitting the market. Balwin's ability to seamlessly blend large-scale efficiency with consumer-centric residential experiences underscores its position as a significant player in South Africa's property market.

BWN Intrinsic Value
447.16 Zac
Undervaluation 28%
Intrinsic Value
Price Zac320
B
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