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Balwin Properties Ltd
JSE:BWN

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Balwin Properties Ltd
JSE:BWN
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Price: 319 Zac -0.93% Market Closed
Market Cap: 1.7B ZAR

P/S

0.6
Current
35%
More Expensive
vs 3-y average of 0.5

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.6
=
Market Cap
Zac1.8B
/
Revenue
2.6B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.6
=
Market Cap
Zac1.8B
/
Revenue
2.6B

Valuation Scenarios

Balwin Properties Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (0.5), the stock would be worth Zac235.78 (26% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-82%
Maximum Upside
No Upside Scenarios
Average Downside
44%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.6 Zac319
0%
3-Year Average 0.5 Zac235.78
-26%
5-Year Average 0.5 Zac233.45
-27%
Industry Average 0.1 Zac56.49
-82%
Country Average 0.4 Zac193.66
-39%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
Zac1.8B
/
Sep 2025
2.6B
=
0.6
Current
Zac1.8B
/
Mar 2026
3B
=
0.6
Forward
Zac1.8B
/
Mar 2027
3.6B
=
0.5
Forward
Zac1.8B
/
Mar 2028
4.2B
=
0.4
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
ZA
Balwin Properties Ltd
JSE:BWN
1.7B ZAR 0.6 6.5
US
D R Horton Inc
NYSE:DHI
43.8B USD 1.3 13.8
US
DR Horton Inc
XMUN:HO2
27.1B EUR 1 10
US
Pultegroup Inc
NYSE:PHM
23.3B USD 1.4 11.4
US
Lennar Corp
NYSE:LEN
22.3B USD 0.7 12.6
US
NVR Inc
NYSE:NVR
17.6B USD 1.8 14.2
JP
Sekisui House Ltd
TSE:1928
2.2T JPY 0.5 9.5
US
Toll Brothers Inc
NYSE:TOL
13.5B USD 1.2 9.8
US
TopBuild Corp
NYSE:BLD
12.4B USD 2.3 23.8
UK
Barratt Developments P L C
LSE:BDEV
6.8B GBP 1.6 31.3
US
Installed Building Products Inc
NYSE:IBP
7.8B USD 2.6 29.3

Market Distribution

Higher than 72% of companies in South Africa
Percentile
72st
Based on 22 companies
72st percentile
0.6
Low
0 — 0.1
Typical Range
0.1 — 0.6
High
0.6 —
Distribution Statistics
South Africa
Min 0
30th Percentile 0.1
Median 0.4
70th Percentile 0.6
Max 5

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 29%
Intrinsic Value
Price Zac319
B
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