The Sunday Times has published its Top 100 Companies list, tracking the South African companies which have delivered the best value to shareholders over the past five years.
The list is determined by looking at the share price of every listed company on the JSE, with the top companies determined by how much growth shareholders would have seen with a hypothetical R10,000 investment over five years.
The dates assessed are between 1 September 2011 and 31 August 2016.
It’s not only about growth, however – the list takes into account normal and special dividends paid out to shareholders, with any bonus shares assumed to have been reinvested, the Sunday Times said.
The limits for the list are that no suspended companies qualified, and the cut off for value traded was R20 million.
According to the paper, Calgro M3 Holdings was crowned as the top company in the country in 2016 – snatching the crown from 2015’s number one, Fortress Income Fund, which ranked second.
Calgro had an opening share price of R1.20 in September 2011, showing a compound annual growth rate (CAGR) of 71.9% over 5 years, to reach R18.00 per share in August 2016.
The final value of the hypothetical R10,000 investment would have grown to R150,000, the paper said.
Calgo is a mixed use and integrated residential property developer, responsible for many social housing development projects across the country. The group’s portfolio includes retirement villages, hostels and many complexes – as well as more upper-end estates.
The Sunday Times’ number two – Fortress Income Fund – would have seen its R10,000 bloom into R100,066 (a CAGR of 58.5%), while private education group, Curro, saw a CAGR of 48.9%, taking its R10,000 to R73,175.
The table below details the top 15 companies featured in the list.
The full ranking of 100 companies can be found in the Sunday Times from 13 November 2016, or online with a subscription here.
Top 15 companies in South Africa
|#||Company||Open – September 2011 (cents)||Close – August 2016 (cents)||Final value (R10,000 investment)||CAGR|
|1||Calgro M3 Holdings||120||1 800||R150 000||71.88%|
|2||Fortress Income Fund (B)||400||3 406||R100 066||58.51%|
|3||Curro Holdings||570||4 171||R73 175||48.89%|
|4||Afrimat||370||2 281||R70 542||47.81%|
|5||Brait SE||1 759||11 650||R68 758||47.05%|
|6||Naspers (N)||37 037||240 600||R66 427||46.04%|
|7||EOH Holdings||2 340||14 375||R65 532||45.64%|
|8||New Europe Property Investments Plc||3 400||16 346||R61 097||43.62%|
|9||Mondi Plc||6 170||29 920||R55 831||41.05%|
|10||Trustco Group Holdings||70||345||R55 047||40.65%|
|11||Conduit Capital||69||300||R51 303||38.68%|
|12||Cashbuild||9 300||39 025||R48 924||37.37%|
|13||Super Group||850||4 051||R47 659||36.66%|
|14||Resilient Reit||3 270||11 800||R47 377||36.49%|
|15||Coronation Fund Managers||2 048||6 974||R45 125||35.17%|