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Clicks Group Ltd
JSE:CLS

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Clicks Group Ltd
JSE:CLS
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Price: 26 595 Zac -3.6% Market Closed
Market Cap: 62.2B ZAR

P/OCF

18.8
Current
27%
Cheaper
vs 3-y average of 25.9

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
18.8
=
Market Cap
Zac71B
/
Operating Cash Flow
3.3B

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
18.8
=
Market Cap
Zac71B
/
Operating Cash Flow
3.3B

Valuation Scenarios

Clicks Group Ltd is trading below its 3-year average

If P/OCF returns to its 3-Year Average (25.9), the stock would be worth Zac36 504.01 (37% upside from current price).

Statistics
Positive Scenarios
2/3
Maximum Downside
-51%
Maximum Upside
+63%
Average Upside
17%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 18.8 Zac26 595
0%
3-Year Average 25.9 Zac36 504.01
+37%
5-Year Average 30.7 Zac43 376.31
+63%
Country Average 9.3 Zac13 077.02
-51%

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
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Market Distribution

Higher than 76% of companies in South Africa
Percentile
76th
Based on 20 companies
76th percentile
18.8
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

Clicks Group Ltd
Glance View

Market Cap
62.2B Zac
Industry
Retail

Clicks Group Ltd, a prominent player in the South African retail landscape, operates primarily within the health and beauty sectors. Founded in 1968, Clicks has cultivated a robust business model centered around its flagship brand, Clicks, a pharmacy, health, and beauty retailer. The company has strategically positioned itself within a niche, catering to the growing demand for health and beauty products in South Africa and beyond. With a network of over 800 stores and more than 600 pharmacies, Clicks provides customers with both in-store and online shopping options, emphasizing convenience and accessibility. This extensive footprint across urban and suburban areas enables the company to serve a broad customer base while reinforcing its brand presence as a household name. The heartbeat of Clicks Group's financial engine is its diversified revenue streams. It generates profit primarily through the sale of health and beauty products, ranging from pharmaceuticals and personal care items to household essentials and healthcare services. Additionally, the company's membership loyalty program, ClubCard, plays a significant role in customer retention and repeat business, rewarding consumers with discounts and special offers. The group further maximizes earnings through United Pharmaceutical Distributors (UPD), its pharmaceutical wholesaler division that supplies a significant portion of South Africa’s clinics, hospitals, and independent pharmacies. This dual-channel business model not only secures market leadership but also anchors the company's sustainable growth trajectory, enabling Clicks Group Ltd to continue expanding its role as a critical provider in the healthcare and beauty retail sector.

CLS Intrinsic Value
24 631.11 Zac
Overvaluation 7%
Intrinsic Value
Price Zac26 595
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