Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Spur Corporation Ltd, along with its various subsidiaries, functions as a prominent restaurant franchisor with operations spanning South Africa and international territories. The company owns and licenses a diverse portfolio of dining brands, including well-known names such as Spur Steak Ranches, Panarottis Pizza Pasta, John Dory's Fish Grill Sushi, The Hussar Grill, RocoMamas, Casa Bella, and Nikos. Its extensive network encompasses approximately 600 outlets across South Africa. Beyond its core restaurant franchising, Spur Corporation also engages in a range of supplementary ventures, including sauce production, warehousing, and product distribution, as well as training, export activities, décor manufacturing, call center operations, and even a radio station. Established in 1967, the corporation maintains its primary operational base in Cape Town, South Africa.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBI