Rex Trueform Group Limited Class N

Rex Trueform Group Limited Class N

1,400.00
ZAC
+50.00
(+3.70%)
25.50BMarket Cap
Rex Trueform Group Limited Class N
JSE:RTN
(Johannesburg Stock Exchange)

Recent

price

1,400.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ZAR
22.65
24.89
25.92
23.08
23.92
25.07
26.12
25.69
28.5
32.92
27.26
22.35
28.45
33.18
32.42
- -
- -
Revenue per Share
1.5
1.96
1.16
-0.46
-0.49
1.16
0.57
0.15
0.62
1.72
-3.63
1.11
2.82
3.95
-0.04
1.27
- -
Basic EPS, GAAP
1.35
0.3
0.31
-3.06
-2.15
1.14
0.19
-0.88
0.6
2.12
3.64
5.23
2.5
0.18
1.32
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
11.58
13.16
13.7
12.61
11.52
12.67
12.54
12.57
13.2
15.06
11.65
12.81
15.15
19.49
19.79
- -
21.03
Book Value per Share
11.47
13.09
13.48
12.22
10.84
11.83
11.4
11.37
12.09
14.05
10.76
12.1
13.69
18.17
18.41
- -
19.54
Tangible Book Value per Share
20
20
20
21
21
21
21
21
21
21
21
21
21
22
22
22
22
Basic Weighted Avg Shares
461
508
531
474
492
516
538
529
588
679
566
465
599
720
703
- -
- -
Sales/Revenue/Turnover
8.32
8.62
4.73
-4.03
-3.52
5.8
2.14
0.14
2.4
3.68
-13.05
10.77
14.74
16.25
5.82
- -
- -
Operating Margin (%)
14
16
19
18
20
21
24
25
27
23
- -
83
77
91
109
- -
- -
Depreciation Expense
31
40
24
-9
-10
24
12
3
13
35
-75
23
59
86
-1
- -
- -
Net Income, GAAP
32.49
30.46
31.05
- -
- -
28.45
29.42
37.54
31.43
29.15
- -
27.84
32.03
27.56
92.82
- -
- -
Effective Tax Rate (%)
6.63
7.86
4.48
-2
-2.04
4.61
2.18
0.6
2.18
5.23
-13.3
4.97
9.93
11.9
-0.12
- -
- -
Profit Margin (%)
181
200
206
161
110
131
127
120
136
111
63
68
103
59
60
- -
80
Working Capital
- -
- -
- -
- -
- -
- -
- -
16
14
89
360
286
280
445
512
- -
519
LT Debt
236
268
282
260
237
261
258
259
273
321
253
277
357
451
462
- -
472
Total Equity
11.36
12.25
6.68
- -
- -
8.59
3.13
0.18
3.39
5
- -
5.54
8.99
11.83
0.24
- -
- -
Return on Invested Capital (%)
13.49
15.93
8.72
- -
- -
9.6
4.56
1.21
4.51
12.7
- -
7.48
12.82
14.39
0.18
- -
- -
Return on Capital (%)
13.64
15.86
8.66
-3.52
-4.05
9.56
4.52
1.22
4.82
12.14
-27.15
9.08
19.99
22.79
-0.2
- -
- -
Return on Common Equity (%)

Capital Structure

ZAR

•

in mil. unless spec.
Dec'24
Jun'24
Dec'25
ST Debt
62
57
61
LT Borrowings
302
381
392
LT Finance Leases
164
130
127
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
325
240
255

Working Capital

ZAR

•

in mil. unless spec.
Dec'24
Jun'24
Dec'25
Total Current Assets
268
214
234
Cash, Cash Equivalents & STI
65
48
77
Accounts Receivable, Net
54
12
33
Inventories
142
127
115
Total Current Liabilities
162
154
155
Payables & Accruals
- -
- -
- -
ST Debt
62
57
61
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
703
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.04
2025
- -
- -
1.27
2026
- -
- -
- -

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
Business
Rex Trueform Group Limited is a South Africa-based diversified investment holding company operating across the retail, property, media and telecommunications, and water infrastructure sectors. Founded in 1937 and headquartered in Cape Town, South Africa, the company operates as a subsidiary of African and Overseas Enterprises Limited and serves consumers, commercial tenants, broadcast corporations, and municipal entities across Southern Africa, with retail operations extending into South Africa, Namibia, and Kenya. The company conducts its operations through four principal business segments: Retail, Property, Media and Broadcasting, and Water Infrastructure. The Retail segment operates through its subsidiary Queenspark Proprietary Limited, managing an extensive chain of specialty retail stores and e-commerce channels offering womenswear and menswear collections; formalwear and casual fashion apparel; footwear; fashion accessories; jewelry; and branded cosmetics under proprietary and licensed labels including Queenspark, Queenspark Plus, Jagger, and Cath.Care. The Property segment encompasses the ownership, redevelopment, letting, and asset management of commercial office complexes, retail spaces, and industrial properties located primarily in the Western Cape, including the Rex Trueform Office Park in Salt River and logistics facilities in Epping. The Media and Broadcasting segment, operated via Telemedia Proprietary Limited, delivers broadcast infrastructure and telecommunications solutions; satellite teleport and uplink/downlink services; high-definition outside broadcast (OB) production; microwave link distribution; digital streaming and over-the-top (OTT) delivery; satellite news gathering (SNG); studio facilities; and the supply, integration, and maintenance of specialized broadcast hardware. The Water Infrastructure segment holds strategic interests in utility concession operators through South African Water Works Holding Company Proprietary Limited (SAWW), providing bulk potable water purification; municipal water reticulation; wastewater treatment and environmental compliance; utility infrastructure maintenance; and long-term public-private water concession management. In recent strategic developments, Rex Trueform Group Limited has accelerated its transformation from a legacy apparel group into a multi-sector holding company through strategic acquisitions and equity consolidations. Within its Media and Broadcasting operations, the group concluded agreements to acquire an additional 25% stake in Telemedia Proprietary Limited, increasing its total controlling interest to 88.71%, while Telemedia expanded its broadcast technology portfolio by acquiring a 35% stake in Interactive Television Africa (ITV Africa). In the Property segment, the company strengthened its industrial property exposure by progressively expanding its majority stake in Belper Investments Proprietary Limited, an unlisted property fund focused on industrial real estate in the Western Cape, complemented by direct acquisitions of prime industrial assets in Epping. Concurrently, the group continues to expand its utility operations through SAWW's water concessions and municipal service contracts, while optimizing Queenspark’s store portfolio and digital retail presence across Southern African regional markets.