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Combined Motor Holdings Limited (CMH.JO)

ZAc3,971.00 +6.00 (+0.15%)
ZA JNB Consumer Cyclical Auto - Dealerships
Address 1 Wilton Crescent 4319
Umhlanga, ZA
CEO Jebb D. McIntosh
Website cmh.co.za
IPO 2000-01-05
ISIN ZAE000088050

Explore sections of this company profile

Description

Combined Motor Holdings Limited (CMH.JO) is a South African investment holding company primarily focused on the automotive sector, encompassing both vehicle retail and car rental operations. Within its motor retail segment, CMH provides a comprehensive range of offerings, including sales of new and pre-owned vehicles, spare parts, and associated maintenance services. The company also facilitates vehicle financing and offers various insurance products, such as life, disability, critical illness, retrenchment, and vehicle/component warranties. Furthermore, CMH manages a substantial car rental division through its First Car Rental brand, operating a fleet of around 7,000 vehicles. Beyond these core areas, CMH extends its operations to include distribution and franchising, supplying automotive consumables, offering digital marketing services, and providing workshop equipment. It also specializes in the installation of lifting, lubrication, and diagnostic equipment for workshops, alongside offering waterless car wash systems. Established in 1976, Combined Motor Holdings Limited is headquartered in Umhlanga, South Africa.

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
ZAc3,971.00 +6.00 (+0.15%)
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Volume Profile
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Liquidity & share structure
Average Volume
30.7K
Beta
0.43
Float Shares
37.08M
Free Float %
53.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.16% -5.78% -2.53% +4.21% +4.46% +3.39% +18.96% +33.81% +97.87% +119.25% +2,284.38%
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
3,971.00
DCF (Unlevered) 22,357.44 +463.0%
DCF (Levered) 17,855.16 +349.6%

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) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.49
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Auto - Dealerships: +9.1%
    +18.6% Q1'26: +30.4% (vs Q1'24)
  • EPS growth Auto - Dealerships: +17.3%
    +31.9% Q1'26: +8.5% (vs Q1'24)
  • FCF margin FCF growth · Auto - Dealerships: +64.5%
    +6.0% Q1'26: +14.8% (vs Q1'24)
  • EBIT margin Auto - Dealerships: +4.6%
    +5.2% Q1'26: +5.6% (vs Q1'24)
  • ROIC Auto - Dealerships: +6.5%
    +24.4% Q1'26: +53.8% (vs Q1'24)
  • Share dilution Auto - Dealerships: +0.0%
    -1.6% Q1'26: -1.1% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Auto - Dealerships: 2.06×
    1.92× Q1'26: 0.90× (vs Q1'24)
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 (0.51) × ERP
WACC = 57% × Ke + 43% × Kd (13.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 22,371.42 Current price: 3,971.00
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 Feb 2021
actual
Feb 2022
actual
Feb 2023
actual
Feb 2024
actual
Feb 2025
actual
Feb 2026
2 Rev. Ana.
2 EPS Ana.
Feb 2027
2 Rev. Ana.
2 EPS Ana.
Feb 2028
2 Rev. Ana.
2 EPS Ana.
Feb 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
8.58B
est: 11.25B (-23.8%)
11.17B
est: 11.83B (-5.6%)
12.43B
est: 12.55B (-0.9%)
12.84B
est: 12.84B (+0.0%)
13.25B
est: 12.73B (+4.1%)
15.29B
15.11B – 15.48B
+20.2% YoY
16.08B
16.07B – 16.10B
+5.2% YoY
16.91B
16.86B – 16.96B
+5.2% YoY
17.97B
17.94B – 18.01B
+6.3% YoY
EBITDA
565.14M
est: 899.89M (-37.2%)
874.47M
est: 946.03M (-7.6%)
1.16B
est: 1.00B (+15.1%)
1.13B
est: 1.13B (0.0%)
988.45M
est: 1.03B (-4.0%)
1.24B
1.22B – 1.25B
+20.2% YoY
1.30B
1.30B – 1.30B
+5.2% YoY
1.37B
1.36B – 1.37B
+5.2% YoY
1.45B
1.45B – 1.46B
+6.3% YoY
EBIT
370.98M
est: 637.38M (-41.8%)
634.46M
est: 670.06M (-5.3%)
813.20M
est: 710.95M (+14.4%)
836.97M
est: 846.47M (-1.1%)
696.26M
est: 742.06M (-6.2%)
891.64M
880.93M – 902.36M
+20.2% YoY
937.66M
936.77M – 938.55M
+5.2% YoY
986.10M
983.08M – 989.12M
+5.2% YoY
1.05B
1.05B – 1.05B
+6.3% YoY
Net Income
168.76M
est: 344.31M (-51.0%)
374.89M
est: 376.02M (-0.3%)
443.46M
est: 376.17M (+17.9%)
408.48M
est: 413.24M (-1.2%)
301.49M
est: 289.54M (+4.1%)
382.57M
366.46M – 398.68M
+32.1% YoY
449.81M
419.72M – 479.90M
+17.6% YoY
490.12M
443.65M – 536.60M
+9.0% YoY
448.38M
447.19M – 449.56M
-8.5% YoY
SGA
35.19M
est: 408.34M (-91.4%)
467.11M
est: 429.28M (+8.8%)
494.56M
est: 455.47M (+8.6%)
615.37M
est: 465.87M (+32.1%)
633.31M
est: 558.95M (+13.3%)
671.62M
663.55M – 679.70M
+20.2% YoY
706.29M
705.62M – 706.96M
+5.2% YoY
742.77M
740.49M – 745.05M
+5.2% YoY
789.37M
787.76M – 790.98M
+6.3% YoY
EPS
2.26
est: 4.55 (-50.3%)
5.01
est: 4.97 (+0.8%)
5.93
est: 4.97 (+19.3%)
5.46
est: 5.46 (0.0%)
4.03
est: 3.89 (+3.7%)
5.14
4.92 – 5.35
+32.1% YoY
6.04
5.64 – 6.44
+17.6% YoY
6.58
5.96 – 7.20
+9.0% YoY
6.02
6.00 – 6.04
-8.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-05-11 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-05-08 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-05-07 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-05-06 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-05-05 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-05-04 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-30 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-29 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-28 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-24 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-23 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-22 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-21 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-20 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-17 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5
2026-04-16 A 4/5 5/5 5/5 5/5 1/5 4/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.05B
OE per share TTM
27.36
Owner's Yield
72.90%
Maintenance CapEx ratio
191.86%
Maint CapEx / Avg PPE
13.0%

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

This company is not held by any ETF in our universe.

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
304.2K
Shares Outstanding
69.42M

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
Jebb D. McIntosh Founder, Chief Executive Officer, MD & Executive Director 11M male
Stuart Keith Jackson Financial Director & Executive Director 8M male
Bruce William John Barritt Executive Director 8M male
Sarah Ferrier Marketing Manager
Varuna Naidoo Group Company Secretary female
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