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C

Combined Motor Holdings CMH.JO · ZAc

Consumer Discretionary · JSE · 🇿🇦 South Africa

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3,764.00

-0.03%

Close of 9 Nov 2026, in ZAc

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At a glance

Figures in ZAR, from our data supplier.

FY2026

Revenue

ZAR 15.71bn

FY2017FY2026

Net income

ZAR 390.9m

FY2017FY2026

Free cash flow

ZAR 857.7m

FY2017FY2026

Shareholders' equity

ZAR 1.47bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
RevenueZAR 15.71bnZAR 13.25bnZAR 12.84bnZAR 12.43bnZAR 11.17bnZAR 8.58bnZAR 11.16bnZAR 11.15bnZAR 10.57bnZAR 10.22bn
Gross profitZAR 2.70bnZAR 2.46bnZAR 2.53bnZAR 2.40bnZAR 2.07bnZAR 1.49bnZAR 1.86bnZAR 1.83bnZAR 1.77bnZAR 1.69bn
Operating incomeZAR 728.0mZAR 639.5mZAR 781.2mZAR 773.4mZAR 606.1mZAR 345.0mZAR 417.3mZAR 411.2mZAR 438.4mZAR 379.7m
Net incomeZAR 390.9mZAR 301.5mZAR 408.5mZAR 443.5mZAR 374.9mZAR 168.8mZAR 190.5mZAR 228.2mZAR 247.4mZAR 197.0m
Diluted earnings per share5.534.015.405.894.842.142.553.053.272.57

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assetsZAR 5.91bnZAR 5.47bnZAR 5.19bnZAR 4.98bnZAR 3.78bnZAR 3.27bnZAR 3.65bnZAR 3.11bnZAR 2.77bnZAR 2.79bn
Cash and short-term investmentsZAR 1.15bnZAR 954.1mZAR 815.1mZAR 761.9mZAR 817.7mZAR 754.8mZAR 659.6mZAR 676.0mZAR 372.9mZAR 489.2m
Total liabilitiesZAR 4.44bnZAR 4.06bnZAR 3.82bnZAR 3.71bnZAR 2.67bnZAR 2.36bnZAR 2.84bnZAR 2.32bnZAR 2.07bnZAR 2.21bn
DebtZAR 2.13bnZAR 1.97bnZAR 904.5mZAR 1.87bnZAR 1.35bnZAR 1.09bnZAR 1.28bnZAR 1.28bnZAR 935.0mZAR 887.9m
Shareholders' equityZAR 1.47bnZAR 1.42bnZAR 1.37bnZAR 1.26bnZAR 1.11bnZAR 909.3mZAR 813.8mZAR 785.5mZAR 698.4mZAR 572.4m
Shares outstanding71m75m76m75m77m79m75m75m76m77m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operationsZAR 910.3mZAR 766.9mZAR 719.9mZAR 542.4mZAR 394.0mZAR 440.3mZAR 461.3mZAR 576.4mZAR 133.9mZAR 193.6m
Capital spending−ZAR 52.6m−ZAR 52.2m−ZAR 49.0m−ZAR 67.2m−ZAR 32.2m−ZAR 87.0m−ZAR 50.1m−ZAR 38.9m−ZAR 20.6m−ZAR 36.2m
Free cash flowZAR 857.7mZAR 714.7mZAR 671.0mZAR 475.1mZAR 361.8mZAR 353.2mZAR 411.2mZAR 537.5mZAR 113.3mZAR 157.4m
Dividends paid−ZAR 127.9m−ZAR 240.9m−ZAR 288.7m−ZAR 294.0m−ZAR 175.8m−ZAR 76.2m−ZAR 131.7m−ZAR 131.7m−ZAR 120.4m−ZAR 104.7m

Latest quarters

By quarter end

Aug 2026Feb 2026Aug 2025Feb 2025Aug 2024Feb 2024Nov 2023Aug 2023
RevenueZAR 8.10bnZAR 8.11bnZAR 7.60bnZAR 6.72bnZAR 6.53bnZAR 6.22bnZAR 6.22bnZAR 6.62bn
Gross profitZAR 1.34bnZAR 1.44bnZAR 1.26bnZAR 1.31bnZAR 1.16bnZAR 1.26bnZAR 1.26bnZAR 1.19bn
Operating incomeZAR 361.6mZAR 407.9mZAR 320.1mZAR 359.4mZAR 280.2mZAR 418.0mZAR 418.0mZAR 360.1m
Net incomeZAR 185.5mZAR 226.4mZAR 164.6mZAR 167.3mZAR 134.2mZAR 211.7mZAR 211.7mZAR 196.8m
Diluted earnings per share2.633.202.192.221.772.802.812.61
Cash from operations−ZAR 166.0mZAR 1.01bn−ZAR 103.0mZAR 752.0mZAR 14.0mZAR 611.0mZAR 611.0mZAR 108.0m
Capital spending−ZAR 208.0m−ZAR 187.0m−ZAR 240.0m−ZAR 263.0m−ZAR 315.0m−ZAR 30.0m−ZAR 30.0m−ZAR 18.0m
Free cash flow−ZAR 374.0mZAR 827.0m−ZAR 343.0mZAR 489.0m−ZAR 301.0mZAR 581.0mZAR 581.0mZAR 90.0m
Total assetsZAR 5.81bnZAR 5.91bnZAR 5.31bnZAR 5.47bnZAR 4.94bnZAR 5.19bnZAR 5.19bnZAR 4.80bn
Cash and short-term investmentsZAR 899.5mZAR 1.15bnZAR 774.5mZAR 954.1mZAR 673.8mZAR 815.1mZAR 815.1mZAR 496.0m
DebtZAR 1.30bnZAR 1.25bnZAR 1.12bnZAR 1.11bnZAR 107.0mZAR 1.04bnZAR 1.04bnZAR 1.92bn
Shareholders' equityZAR 1.50bnZAR 1.47bnZAR 1.43bnZAR 1.42bnZAR 1.32bnZAR 1.37bnZAR 1.37bnZAR 1.26bn

Financial ratios

Data as of 27 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Gross margin17.2%18.6%19.7%19.3%18.5%17.4%
Operating margin5.2%5.3%6.5%6.5%5.7%4.3%
Net margin2.5%2.3%3.2%3.6%3.4%2.0%
Return on equity26.6%21.3%29.9%35.1%33.8%18.6%
Return on assets6.6%5.5%7.9%8.9%9.9%5.2%
Free cash flow yield0.4%0.3%0.3%0.2%0.1%0.2%
Revenue growth18.6%3.2%3.3%11.3%30.2%-23.1%
Earnings growth29.7%-26.2%-7.9%18.3%122.1%-11.4%
Current ratio1.07x1.09x1.05x1.03x1.11x1.16x
Debt to equity0.85x0.79x0.09x1.04x0.77x0.69x
Equity ratio24.9%25.9%26.4%25.4%29.4%27.8%
Interest coverage2.87x2.42x2.99x4.22x5.11x2.71x
Buybacks as a share of market value6.1%0.5%-0.5%2.7%2.0%-5.6%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue8.1%12.9%3.6%
Operating income-2.0%16.1%6.9%
Net income-4.1%18.3%7.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin17.8%18.6%18.5%17.6%
Operating margin4.7%5.4%5.2%4.6%
Net margin2.4%2.8%2.8%2.4%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings6.89.26.14.65.611.75.97.26.810.1
Price to sales0.20.20.20.20.20.20.10.10.20.2

Dividends and splits

Per share, in the currency the company pays

Paid for 36 years. Last went ex-dividend on 10 Dec 2025.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.0613.225.323.932.351.001.761.76
  • 5-for-1 split · 29 Jan 2007

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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