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Burstone Group Limited (BTN.JO)

ZAc978.00 +2.00 (+0.20%)
ZA JNB Real Estate REIT - Industrial
Address 4 Sandown Valley Crescent 2196
Johannesburg, GP, ZA
CEO Andrew Robert Wooler
IPO 2011-04-14
ISIN ZAE000180915

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Also trades on Johannesburg Stock Exchange · BTN.JO (ZAc) Johannesburg Stock Exchange · IPF.JO (ZAc)
Description

Burstone Group Limited is a fully integrated international real estate business with c. R40 billion gross asset value under management. Burstone listed on the Johannesburg Stock Exchange (South Africa) in 2011 and currently operates in South Africa, select European markets and Australia. The Group has a strong management track record of more than 30 years' operating in both local and international markets. The Group is globally diversified and has the capability to invest across all aspects of the real estate life cycle, partnering with specific capital partners for specific opportunities. The Group operates a hybrid model of traditional real estate investment, stapled with expertise across fund management, investment management, asset management and development management. This approach supports the Group's strategy of delivering enhanced returns on capital deployed and maximizing operational leverage from its scalable platform. Burstone strives to deliver purposeful and authentic client experiences with agility, speed and passion. The Group can identify potential that lies within something and then transform it into something of real value. Across all regions in which the Group operates, the manager has a presence on the ground with in-country expertise and adopts a hands-on approach to managing its properties. Burstone Group Limited is incorporated in 1974.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
ZAc978.00 +2.00 (+0.20%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.24
Float Shares
624.54M
Free Float %
78.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.61% +0.31% +3.70% -3.73% +2.08% +7.33% +8.16% +28.40% -8.15% -33.27% -5.27%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
978.00
DCF (Unlevered) 2,487.10 +154.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2023-08 Change
Strong Buy 0 -1
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.79
Distress
Piotroski F-Score
2 / 9
Weak
Operational MOAT
  • Revenue growth
    -0.5% Q1'23: -0.4% (vs Q1'21)
  • EPS growth
    -81.2% Q1'23: +160.0% (vs Q1'21)
  • FCF margin
    Q1'23: -32.8% (vs Q1'21)
  • EBIT margin
    Q1'23: +47.8% (vs Q1'21)
  • ROIC
    Q1'23: +5.7% (vs Q1'21)
  • Share dilution
    +0.0% Q1'23: +0.0% (vs Q1'21)
  • Debt / EBITDA
    10.19× Q1'23: 5.09× (vs Q1'21)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.23) × ERP
WACC = 41% × Ke + 59% × Kd (4.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2,487.10 Current price: 978.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
Mar 2029
1 Rev. Ana.
Mar 2030
1 Rev. Ana.
Revenue
1.80B
est.
1.88B
est.
1.07B
1.07B – 1.07B
-43.4% YoY
1.11B
1.11B – 1.11B
+4.6% YoY
1.16B
1.16B – 1.16B
+3.9% YoY
1.20B
1.20B – 1.20B
+3.7% YoY
1.24B
1.24B – 1.24B
+3.7% YoY
EBITDA
1.35B
est.
1.41B
est.
797.33M
797.33M – 797.33M
-43.4% YoY
834.02M
834.02M – 834.02M
+4.6% YoY
866.21M
866.21M – 866.21M
+3.9% YoY
898.40M
898.40M – 898.40M
+3.7% YoY
931.35M
931.35M – 931.35M
+3.7% YoY
EBIT
1.29B
est.
1.35B
est.
761.39M
761.39M – 761.39M
-43.4% YoY
796.42M
796.42M – 796.42M
+4.6% YoY
827.16M
827.16M – 827.16M
+3.9% YoY
857.90M
857.90M – 857.90M
+3.7% YoY
889.36M
889.36M – 889.36M
+3.7% YoY
Net Income
837.12M
est.
829.07M
est.
845.16M
845.16M – 845.16M
+1.9% YoY
877.36M
877.36M – 877.36M
+3.8% YoY
— – —
-100.0% YoY
— – —
— – —
SGA
102.12M
est.
106.83M
est.
60.46M
60.46M – 60.46M
-43.4% YoY
63.24M
63.24M – 63.24M
+4.6% YoY
65.68M
65.68M – 65.68M
+3.9% YoY
68.13M
68.13M – 68.13M
+3.7% YoY
70.62M
70.62M – 70.62M
+3.7% YoY
EPS
1.04
est.
1.03
est.
1.05
1.05 – 1.05
+1.9% YoY
1.09
1.09 – 1.09
+3.8% YoY
— – —
-100.0% YoY
— – —
— – —

Owner Earnings

Owner's Earnings (history)

Owner's Earnings history not available.

Owner alignment
Owner's Earnings TTM
OE per share TTM
Owner's Yield
Maintenance CapEx ratio
Maint CapEx / Avg PPE

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 19 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Global ex-U.S. Real Estate ETF VNQI 0.03% 1.31M 0.12%
2 Avantis Real Estate ETF AVRE 0.02% 184.0K 0.17%
3 iShares Global REIT ETF REET 0.02% 1.02M 0.14%
4 Dimensional - Global Real Estate ETF DFGR 0.02% 730.5K 0.22%
5 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 1.34M 0.06%
6 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 106.2K 0.26%
7 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 47.1K 0.48%
8 Vanguard FTSE Emerging Markets ETF VWO 0.00% 5.24M 0.06%
9 Vanguard ESG International Stock ETF VSGX 0.00% 98.2K 0.10%
10 iShares Morningstar Multi-Asset Income ETF IYLD 0.00% 1.3K 0.50%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
16.59M
Shares Outstanding
793.42M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Andrew Robert Wooler CEO & Executive Director 15M male
Graham Hutchinson Managing Director of South Africa 7M male
Myles Kritzinger Group CFO, Debt Officer & Executive Director male
Paul Rodger Managing Director of Europe male
Sashnee Maistry Head of Legal, Risk & Compliance and Company Secretary
Laetitia Steynberg Asset Management Head female
Graeme A. Katz Chief Executive Officer of Irongate male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits