Choppies Enterprises Limited

Choppies Enterprises Limited

JJSE:CHP
89.00
ZAC
0.00
(0.00%)
263.79BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
4.27
4.6
5.71
6.74
8.28
4.11
4.16
4.09
4.5
4.78
4.35
4.99
5.38
- -
Basic EPS, GAAP
0.14
0.16
0.08
-0.12
-0.32
-0.3
-0.25
0.05
0.1
0.11
0.08
0.05
0.04
- -
Free Cash Flow per Basic Share
-0.11
-0.2
-0.22
0.05
0.02
0.1
0.09
0.25
0.25
0.22
0.26
0.22
0.17
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.73
1.23
0.96
0.81
0.47
-0.02
-0.28
-0.27
-0.2
0.08
0.14
0.19
0.24
0.24
Tangible Book Value per Share
0.35
0.83
0.73
0.64
0.33
-0.08
-0.34
-0.33
-0.24
0.06
0.08
0.13
0.17
0.17
Basic Weighted Avg Shares
1,174
1,292
1,292
1,292
1,304
1,304
1,304
1,304
1,342
1,345
1,824
1,824
1,824
1,817
Sales/Revenue/Turnover
5,012
5,945
7,369
8,709
10,791
5,359
5,421
5,331
6,042
6,433
7,940
9,107
9,822
- -
Operating Margin (%)
4.82
4.5
2.02
1.43
0.07
4.42
6.09
5.53
5.91
5.91
4.89
4.52
3.07
- -
Depreciation Expense
122
116
148
202
208
114
254
259
241
193
263
288
331
- -
Net Income, GAAP
168
203
110
-160
-418
-394
-330
69
140
147
138
97
75
- -
Effective Tax Rate (%)
22.78
18.91
17.66
- -
- -
76.39
5.79
29.31
19.44
9.09
14.78
30.73
43.51
- -
Profit Margin (%)
3.35
3.41
1.49
-1.83
-3.87
-7.35
-6.09
1.29
2.32
2.29
1.74
1.07
0.76
- -
Working Capital
19
495
173
238
-168
-494
-777
-414
-416
-389
-556
-833
-862
-862
LT Debt
244
312
458
633
782
724
956
1,188
1,117
876
979
748
838
838
Total Equity
869
1,452
1,228
1,034
576
-80
-467
-461
-354
42
136
224
309
309
Return on Invested Capital (%)
17.29
13.66
6.38
- -
- -
1.88
21.64
15.6
20.95
20.34
19.45
14.27
8.73
- -
Return on Capital (%)
16.17
14.75
7.17
- -
- -
-26.65
-19.7
15.47
20.39
20.32
16.29
11.2
9
- -
Return on Common Equity (%)
20.98
17.55
8.16
-13.96
-50.54
- -
- -
- -
- -
- -
68.66
31.7
18.94
- -

Capital Structure

BWP

•

in mil. unless spec.
Jun'25
Dec'26
Jun'26
ST Debt
503
415
487
LT Borrowings
112
113
184
LT Finance Leases
636
636
654
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,815
1,815
1,819
Market Capitalization
2,342
11,361
2,133

Working Capital

BWP

•

in mil. unless spec.
Jun'25
Dec'26
Jun'26
Total Current Assets
1,088
1,152
1,047
Cash, Cash Equivalents & STI
170
120
180
Accounts Receivable, Net
20
273
19
Inventories
644
753
635
Total Current Liabilities
1,921
1,991
1,909
Payables & Accruals
- -
- -
- -
ST Debt
503
415
487
Deferred Revenue
- -
- -
- -

Growth Rates

BWP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
49.89%
38.28%
37.95%
Free Cash Flow
33.7%
2.55%
-20.05%
Net Income, GAAP
-17.72%
9.88%
-22.68%
Sales/Revenue/Turnover
5.71%
13.16%
7.85%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

BWP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
7,940
2025
- -
- -
9,107
2026
- -
- -
9,822

Semi-annual Earnings Per Share

BWP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.08
2025
- -
- -
0.05
2026
- -
- -
0.04

Semi-annual Dividends Per Share

BWP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Ramachandran Ottapathu
Full Time Employees
11,209
Sector
Retail trade
Industry
Food retail
Address
Gaborone International Commercial Park Gaborone SE Botswana
IPO Date
May 27, 2015
Business
Choppies Enterprises Limited operates as a leading supermarket retailer in Southern Africa, offering a comprehensive range of fast-moving consumer goods through hyper stores, superstores, value stores, On The Go convenience outlets, wholesalers, Liquorama liquor outlets, and Builders Mart hardware stores; its product portfolio includes fresh fruit and vegetables, groceries, bakery items, takeaways, butchery, Choppies Fried Chicken, private label and confined brands such as Lumo body care, Legane pasta, Lefofa eco-friendly toilet paper, and over 380 house brand SKUs encompassing fresh, frozen, canned, dry foods, snacks, ethnic specialties, health and beauty care, household, laundry, and toiletry products, supplemented by value-added financial services via Monyglob including mobile money, airtime, utilities payments, and Payzana e-wallet, as well as non-retail operations through subsidiaries like Peacock Blue for maize milling, RBV and Ilo Industries for tissue and paper manufacturing, Honey Guide for animal feeds, and Real Plastic for bottled water. The company, founded in 1986 and headquartered at Gaborone International Commercial Park in Gaborone, Botswana, maintains a significant presence with 287 stores (174 grocery retail, 85 liquor, 28 hardware), seven distribution centers, and approximately 11,393 employees across Botswana (111 grocery stores, FY2025 revenue BWP5,744 million), Namibia (63 stores, BWP2,338 million), and Zambia (113 Kamoso retail stores plus manufacturing, BWP1,474 million), supported by a fleet of over 650 vehicles and local sourcing from more than 5,600 farmers. Listed on the Botswana Stock Exchange since 2012 (CHOPPIES) and Johannesburg Stock Exchange since 2015 (CHP.JO), Choppies recently divested its Zimbabwe operations in December 2024 to focus on core markets, acquired a 76% stake in Kamoso Africa in 2024 for expanded grain packaging and retail, launched 17 new house brands and 49 confined brands including Legane pasta and Lefofa toilet paper, opened 30 new stores (8 grocery in Botswana, 11 in Namibia/Rest of Africa, 9 in Zambia), introduced its first Cash & Carry wholesaler in Lobatse, commenced a new ERP system rollout for FY2027 completion, expanded solar projects and water recovery systems for sustainability, and saw CEO Ramachandran Ottapathu acquire nearly 19.5 million shares in October 2025 while appointing a new Chief Operating Officer effective October 7, 2025.