Obermatt

Boxer Retail

JNB:BOX · ZAE000339891
Food & Staples RetailingMedium

360

85
EV / EBIT40
Price / Owner Earnings27
Owner Earnings Yield49
Dividend Yield69
Price/Sales65
EV / Gross Profit18
Price/Book1
Return on Capital100
Cash Return on Capital86
Return on Equity100
EBIT Margin75
Gross Profitability81
Cash Conversion15
Accruals36
Owner Earnings Margin70
Sales growth80
Profit Growth82
Long-Term EPS Growth74
Owner Earnings Growth73
Reinvestment76
Price momentum72
Debt load12
Refinancing10
Debt Payback54
Liquidity42
Analyst ratings30
Opinion Changes65
Price Target Upside56
Market mood99
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Boxer Retail generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountrySouth Africa
IndustryFood & Staples Retailing
SizeMedium
TypePublic Company
ExchangeJSE
Founded2024
ISINZAE000339891
Last UpdateApr 2, 2026

Description

Analysis

Hope premium

Boxer Retail Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 30.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 12% a year, against analyst forecasts of 10%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is adequate. The company scores 18/20 on our value-creation score: strong value creator. Analysts lean positive.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
51
2026

All-time high

51

Jun 2026

All-time low

34

Mar 2026

Average rank

43

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
65
Price/Earnings
5
Price/Book
1
Dividend Yield
69
Value (overall)
20

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →