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Italtile Ltd
JSE:ITE

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Italtile Ltd
JSE:ITE
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Price: 870 Zac -2.03%
Market Cap: 11.5B ZAR

ITE's latest stock split occurred on Nov 8, 2017

The company executed a 204-for-199 stock split, meaning that for every 199 shares held, investors received 204 new shares.

Before the split, ITE traded at 1338.9994 per share. Afterward, the share price was about 1005.3434.

The adjusted shares began trading on Nov 8, 2017. This was ITE's 2nd stock split, following the previous one in Oct 29, 2007.

Last Splits:
Nov 8, 2017
204-for-199
Oct 29, 2007
83777-for-1904
Pre-Split Price
1 030.7381 1 338.9994
Post-Split Price
1 005.3434
Before
After
Last Splits:
Nov 8, 2017
204-for-199
Oct 29, 2007
83777-for-1904

Italtile Ltd
Stock Splits History

ITE Stock Splits Timeline
Nov 8, 2017
Nov 8, 2017
Split 204-for-199
x1.0251256281407
Pre-Split Price
1 030.7381 1 338.9994
Post-Split Price
1 005.3434
Before
After
Oct 29, 2007
Oct 29, 2007
Split 83777-for-1904
x44.000525210084
Pre-Split Price
N/A
Post-Split Price
375.7447
Before
After

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M
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Italtile Ltd
Glance View

Market Cap
11.5B Zac
Industry
Retail

In the bustling mosaic of South Africa's business landscape, Italtile Ltd. stands out as a prominent player in the retail and manufacturing sectors, specializing in the supply of ceramic tiles, sanitaryware, and related products. Founded in 1969, the company has woven itself into the fabric of the home improvement industry, primarily catering to both individual homeowners and larger-scale contractors. Through its diverse brand portfolio, which includes CTM, Italtile Retail, and TopT stores, the company ensures its products reach a wide array of customers. By owning and operating these brands, Italtile not only showcases a wide selection of style and quality but also strategically positions itself across different market segments—a testament to its robust understanding of local consumer needs. At its core, Italtile’s business model leverages a vertically integrated system. The company has established a significant advantage by maintaining strategic control over its supply chain, from manufacturing to retail distribution. Its partnership with Ceramic Industries, where Italtile holds a significant stake, underscores this strategy, ensuring a steady supply of competitively priced, high-quality products. Additionally, through innovative in-store experiences and a strong focus on customer service, Italtile draws consumers into its showrooms, driving sales and strengthening brand loyalty. This integrated approach not only facilitates steady revenue generation but also enables the company to adeptly navigate market fluctuations and sustain its competitive edge.

ITE Intrinsic Value
1 148.02 Zac
Undervaluation 24%
Intrinsic Value
Price Zac870
I
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