View ValuationSappi 将来の成長Future 基準チェック /36Sappi利益と収益がそれぞれ年間118.9%と2.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に5.5% 118.9%なると予測されています。主要情報118.9%収益成長率118.86%EPS成長率Forestry 収益成長19.4%収益成長率2.8%将来の株主資本利益率5.47%アナリストカバレッジLow最終更新日21 May 2026今後の成長に関する最新情報お知らせ • Jul 15Sappi Limited Announces Impact of Civil Unrest on South African OperationsThe unfortunate incidents of civil unrest, violence and criminal activity which are being widely reported through news channels are also impacting Sappi Limited's South African operations. Company's primary concern is for the safety of company's staff and contractors. Therefore, and as a precaution due to transport disruptions impacting raw material supplies, warehousing and customer deliveries, the Sappi Saiccor, Tugela and Stanger Mills in KwaZulu-Natal temporarily ceased production as of 12 July. They will resume once it is safe and practical to do so. Work on the nearly completed Saiccor expansion and upgrade project was suspended as of Friday 9 July. Sappi's forestry operations are being reviewed on a daily basis. There has been no material damage to any of the plants. Insurance is in place for all assets. Global shipments to customers through the Port of Durban have also been impacted due to limitations in service, logistics and closure of warehouse service providers.すべての更新を表示Recent updatesBoard Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Independent Chairman Nkunku Sowazi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Feb 09+ 2 more updatesSappi Limited to Report Q3, 2026 Results on Aug 06, 2026Sappi Limited announced that they will report Q3, 2026 results on Aug 06, 2026お知らせ • Dec 12Sappi Limited, Annual General Meeting, Feb 04, 2026Sappi Limited, Annual General Meeting, Feb 04, 2026. Location: sappi`s registered office, the oxford room, ground floor, 108 oxford road (entrance on ninth street), houghton estate, johannesburg, 2198, republic of south africa South Africaお知らせ • Nov 12Sappi Limited to Report Q1, 2026 Results on Feb 04, 2026Sappi Limited announced that they will report Q1, 2026 results at 8:00 AM, South Africa Standard Time on Feb 04, 2026お知らせ • Dec 24+ 2 more updatesSappi Limited to Report Q3, 2025 Results on Aug 07, 2025Sappi Limited announced that they will report Q3, 2025 results on Aug 07, 2025お知らせ • Dec 13Sappi Limited, Annual General Meeting, Feb 05, 2025Sappi Limited, Annual General Meeting, Feb 05, 2025. Location: sappi`s registered office, the oxford room, ground floor, 108 oxford road (entrance on ninth street), houghton estate, republic of south africa, johannesburg, 2198, South AfricaDeclared Dividend • Nov 10Dividend of R2.47 announcedShareholders will receive a dividend of R2.47. Ex-date: 8th January 2025 Payment date: 13th January 2025 Dividend yield will be 85%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.0% per year over the past 8 years. However, payments have been volatile during that time.お知らせ • Nov 08+ 1 more updateSappi Limited to Report Q1, 2025 Results on Feb 05, 2025Sappi Limited announced that they will report Q1, 2025 results at 8:00 AM, South Africa Standard Time on Feb 05, 2025お知らせ • Nov 07Sappi Limited Announces Board and Committee Changes, Effective 01 January 2025On 06 November 2024, the Sappi Limited approved the following changes to the directorate which will take effect from 01 January 2025. Mr. Mohamed Moosa retires from the board and his positions as Lead Independent Director, chairman of the Social, Ethics and Transformation (SETS) Committee and a member of the Nomination and Governance Committee on 31 December 2024. Mr. Michael (Mike) Fallon is appointed as Lead Independent Director and resigns from his position as chairman of the Human Resources and Compensation Committee. Mr. Louis von Zeuner is appointed as chairman of the Human Resources and Compensation committee. Mr. Brian Beamish is appointed as chairman of the SETS Committee. Additionally, Ms Eleni Istavridis is appointed to the SETS committee and Ms Zola Malinga to the Nomination and Governance Committee.Reported Earnings • Aug 09Third quarter 2024 earnings released: EPS: US$0.085 (vs US$0.071 in 3Q 2023)Third quarter 2024 results: EPS: US$0.085 (up from US$0.071 in 3Q 2023). Revenue: US$1.37b (up 3.3% from 3Q 2023). Net income: US$51.0m (up 28% from 3Q 2023). Profit margin: 3.7% (up from 3.0% in 3Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Aug 09Sappi Limited to Report Q4, 2024 Results on Nov 07, 2024Sappi Limited announced that they will report Q4, 2024 results at 8:00 AM, South Africa Standard Time on Nov 07, 2024お知らせ • Jul 16UTB Industry B.V. agreed to acquire Sappi Lanaken NV from Sappi Limited (JSE:SAP) for €50 million.UTB Industry B.V. agreed to acquire Sappi Lanaken NV from Sappi Limited (JSE:SAP) for €50 million on July 15, 2024. The expected completion of the transaction in during October 2024.New Risk • May 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (6.5% increase in shares outstanding).New Risk • Jan 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.6% per year for the foreseeable future. Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin).お知らせ • Dec 15Sappi Limited Announces Valli Moosa Retires as Lead Independent Director and Chairman of Social, Ethics, Transformation and Sustainability CommitteeThe board of directors of Sappi Limited announced that Mr. Valli Moosa, Lead Independent Director and Chairman of the Social, Ethics, Transformation and Sustainability Committee has indicated that he will be retiring with effect from the annual general meeting in February 2025.お知らせ • Nov 11Sappi Limited, Annual General Meeting, Feb 07, 2024Sappi Limited, Annual General Meeting, Feb 07, 2024.お知らせ • Nov 10Sappi Limited to Report Q1, 2024 Results on Feb 07, 2024Sappi Limited announced that they will report Q1, 2024 results at 8:00 AM, South Africa Standard Time on Feb 07, 2024Reported Earnings • Nov 10Full year 2023 earnings released: EPS: US$0.46 (vs US$0.95 in FY 2022)Full year 2023 results: EPS: US$0.46 (down from US$0.95 in FY 2022). Revenue: US$5.81b (down 20% from FY 2022). Net income: US$259.0m (down 52% from FY 2022). Profit margin: 4.5% (down from 7.3% in FY 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 09+ 2 more updatesSappi Limited Approves Dividend for the Year Ended September 2023, Payable on 15 January 2024On 08 November 2023, the directors of Sappi Limited approved a dividend (number 90) of 15 US cents per share for the year ended September 2023, which will be paid to shareholders on 15 January 2024. This dividend was declared after year-end and was not included as a liability at the end of the 2023 financial year and will be funded from cash reserves. Last day to trade to qualify for the dividend: 09 January 2024; Shares commence trading ex-dividend:10 January 2024.お知らせ • Sep 18Sappi Limited(JSE:SAP) dropped from FTSE All-World Index (USD)Sappi Limited(JSE:SAP) dropped from FTSE All-World Index (USD)Buying Opportunity • Sep 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.3%. The fair value is estimated to be €2.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 94%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is also forecast to decline by 8.7% per annum over the same time period.お知らせ • Aug 12Sappi Limited to Report Q4, 2023 Results on Nov 09, 2023Sappi Limited announced that they will report Q4, 2023 results at 8:00 AM, South Africa Standard Time on Nov 09, 2023New Risk • Aug 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 8.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.1% net profit margin).Reported Earnings • Aug 04Third quarter 2023 earnings released: EPS: US$0.071 (vs US$0.35 in 3Q 2022)Third quarter 2023 results: EPS: US$0.071 (down from US$0.35 in 3Q 2022). Revenue: US$1.33b (down 27% from 3Q 2022). Net income: US$40.0m (down 80% from 3Q 2022). Profit margin: 3.0% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €2.16, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.97 per share.New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 44% per year for the foreseeable future. Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change).お知らせ • May 19Sappi Limited to Report Q3, 2023 Results on Aug 03, 2023Sappi Limited announced that they will report Q3, 2023 results at 8:00 AM, South Africa Standard Time on Aug 03, 2023お知らせ • Feb 12Sappi Limited to Report Q2, 2023 Results on May 11, 2023Sappi Limited announced that they will report Q2, 2023 results at 9:00 AM, South Africa Standard Time on May 11, 2023Upcoming Dividend • Jan 04Upcoming dividend of R2.67 per shareEligible shareholders must have bought the stock before 11 January 2023. Payment date: 16 January 2023. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (4.3%).Reported Earnings • Dec 20Full year 2022 earnings released: EPS: US$0.95 (vs US$0.024 in FY 2021)Full year 2022 results: EPS: US$0.95 (up from US$0.024 in FY 2021). Revenue: US$7.30b (up 39% from FY 2021). Net income: US$536.0m (up US$523.0m from FY 2021). Profit margin: 7.3% (up from 0.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Dec 16Sappi Limited, Annual General Meeting, Feb 08, 2023Sappi Limited, Annual General Meeting, Feb 08, 2023, at 14:00 South Africa Standard Time. Location: Sappi’s registered office, in the Oxford Room, Ground Floor, 108 Oxford Road (entrance on Ninth Street) Houghton Estate, Johannesburg, 2198 Johanesburg South AfricaBoard Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Jim Lopez was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 11Sappi Limited to Report Q1, 2023 Results on Feb 08, 2023Sappi Limited announced that they will report Q1, 2023 results at 8:00 AM, South Africa Standard Time on Feb 08, 2023お知らせ • Oct 01AURELIUS Investment Lux One S.à.r.l. entered into an agreement to acquire Maastricht Mill, Stockstadt Mill and Kirkniemi Mill from Sappi Limited (JSE:SAP)AURELIUS Investment Lux One S.à.r.l. entered into an agreement to acquire Maastricht Mill, Stockstadt Mill and Kirkniemi Mill from Sappi Limited (JSE:SAP) on September 29, 2022. The enterprise value of the sale amounts to approximately €272 million. The transaction is subject to approval by the relevant competition and regulatory authorities. The net loss after tax attributable to the net assets of the three mills for the last twelve months ended 31 March 2022 was €6,5 million and EBITDA for the last twelve months ended 31 March 2022 was €58 million. The sale is expected to close in the first calendar quarter of 2023. Lincoln International AG acted as financial advisor, Floris Pierik and Stefan Schneider of Jones Day acted as legal advisor and Ernst & Young Gmbh acted as accountant to AURELIUS Investment Lux One S.à.r.l. Afry provided commercial advice and Tauw provided Environmental advice to AURELIUS Investment Lux One S.à.r.l. Margherita Marchi, Celedonio Moncayo, Carlos Penim, Govinder Ubhi, Henry Newbould of Stifel Financial Corp. acted as financial advisor to Sappi Limited.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €2.58, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Forestry industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.00 per share.Buying Opportunity • Aug 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €3.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings is forecast to decline by 25% per annum over the same time period.Reported Earnings • Aug 06Third quarter 2022 earnings released: EPS: US$0.35 (vs US$0.033 in 3Q 2021)Third quarter 2022 results: EPS: US$0.35 (up from US$0.033 in 3Q 2021). Revenue: US$1.82b (up 31% from 3Q 2021). Net income: US$199.0m (up US$181.0m from 3Q 2021). Profit margin: 11% (up from 1.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 2.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Board Change • Jul 13Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Jim Lopez was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Jim Lopez was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 15% share price gain to €3.06, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Forestry industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.32 per share.Reported Earnings • Feb 10First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst quarter 2022 results: EPS: US$0.22 (up from US$0.031 loss in 1Q 2021). Revenue: US$1.70b (up 46% from 1Q 2021). Net income: US$123.0m (up US$140.0m from 1Q 2021). Profit margin: 7.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 28%. Over the next year, revenue is expected to shrink by 3.8% compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.お知らせ • Feb 02+ 2 more updatesSappi Limited to Report Q3, 2022 Results on Aug 04, 2022Sappi Limited announced that they will report Q3, 2022 results on Aug 04, 2022Reported Earnings • Dec 19Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$0.024 (up from US$0.25 loss in FY 2020). Revenue: US$5.27b (up 14% from FY 2020). Net income: US$13.0m (up US$148.0m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 13%, compared to a 3.7% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 12Full year 2021 earnings released: EPS US$0.024 (vs US$0.25 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$5.27b (up 14% from FY 2020). Net income: US$13.0m (up US$148.0m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.Board Change • Oct 14High number of new directorsLead Independent Director Valli Moosa was the last director to join the board, commencing their role in 2020.お知らせ • Jul 15Sappi Limited Announces Impact of Civil Unrest on South African OperationsThe unfortunate incidents of civil unrest, violence and criminal activity which are being widely reported through news channels are also impacting Sappi Limited's South African operations. Company's primary concern is for the safety of company's staff and contractors. Therefore, and as a precaution due to transport disruptions impacting raw material supplies, warehousing and customer deliveries, the Sappi Saiccor, Tugela and Stanger Mills in KwaZulu-Natal temporarily ceased production as of 12 July. They will resume once it is safe and practical to do so. Work on the nearly completed Saiccor expansion and upgrade project was suspended as of Friday 9 July. Sappi's forestry operations are being reviewed on a daily basis. There has been no material damage to any of the plants. Insurance is in place for all assets. Global shipments to customers through the Port of Durban have also been impacted due to limitations in service, logistics and closure of warehouse service providers.Reported Earnings • May 06Second quarter 2021 earnings released: US$0.042 loss per share (vs US$0.004 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$1.28b (down 1.8% from 2Q 2020). Net loss: US$23.0m (down US$25.0m from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.Executive Departure • Apr 02Chief Executive Officer of Sappi Europe Berend Wiersum has left the companyOn the 31st of March, Berend Wiersum, was replaced as CEO by Stephen Binnie after 14.3 years in the role. As of December 2020, Berend personally held 515.43k shares (€969k worth at the time). Berend is the only executive to leave the company over the last 12 months. Under Berend's leadership, the company delivered a total shareholder return of -59%.Is New 90 Day High Low • Mar 11New 90-day high: €2.82The company is up 63% from its price of €1.73 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.82 per share.Is New 90 Day High Low • Feb 05New 90-day high: €2.68The company is up 86% from its price of €1.44 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.87 per share.Reported Earnings • Feb 04First quarter 2021 earnings released: US$0.031 loss per share (vs US$0.044 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$1.16b (down 11% from 1Q 2020). Net loss: US$17.0m (down 171% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 04Revenue misses expectationsRevenue missed analyst estimates by 0.04%. Over the next year, revenue is forecast to grow 17% while theForestry industry in Germany is not expected to grow.お知らせ • Feb 04Sappi Limited to Report Q2, 2021 Results on May 06, 2021Sappi Limited announced that they will report Q2, 2021 results at 8:00 AM, South Africa Standard Time on May 06, 2021お知らせ • Feb 01Sappi Limited to Report Q1, 2021 Results on Feb 03, 2021Sappi Limited announced that they will report Q1, 2021 results at 8:00 AM, South Africa Standard Time on Feb 03, 2021Is New 90 Day High Low • Jan 06New 90-day high: €1.89The company is up 45% from its price of €1.30 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.64 per share.Reported Earnings • Dec 19Full year 2020 earnings released: US$0.25 loss per shareThe company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: US$4.61b (down 20% from FY 2019). Net loss: US$135.0m (down 164% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Dec 19Revenue misses expectationsRevenue missed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 7.6% compared to a 1.3% decline forecast for the Forestry industry in Germany.Is New 90 Day High Low • Dec 19New 90-day high: €1.87The company is up 44% from its price of €1.30 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.46 per share.お知らせ • Dec 04Sappi Limited Announces Executive ChangesSappi Limited announced that Marco Eikelenboom currently Vice President Marketing and Sales at Sappi Europe, has been appointed as CEO of Sappi Europe as from 01 April 2021. Marco Eikelenboom succeeds Berry Wiersum (65), who will retire at the end of March 2021. Berry Wiersum has been CEO of Sappi Europe for 14 years.お知らせ • Nov 28An unknown buyer acquired an unknown stake in Sappi Limited (JSE:SAP).An unknown buyer acquired an unknown stake in Sappi Limited (JSE:SAP) on November 25, 2020. Ninety One SA (Pty) Ltd acquired the shares on behalf of its clients, such that Ninety One SA’s total beneficial interest in Sappi has increased to 10.0074%.UBS South Africa (Pty) Ltd acted as sponsor in this transaction. An unknown buyer completed the acquisition of an unknown stake in Sappi Limited (JSE:SAP) on November 25, 2020.Is New 90 Day High Low • Nov 11New 90-day high: €1.53The company is up 23% from its price of €1.24 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.33 per share.Analyst Estimate Surprise Post Earnings • Nov 07Revenue misses expectationsRevenue missed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 9.9% compared to a 1.6% decline forecast for the Forestry industry in Germany.Reported Earnings • Nov 07Full year 2020 earnings released: US$0.25 loss per shareThe company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: US$4.61b (down 20% from FY 2019). Net loss: US$135.0m (down 164% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 24New 90-day high: €1.45The company is up 4.0% from its price of €1.40 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.75 per share.お知らせ • Jul 31Sappi Limited to Report Q3, 2020 Results on Jul 30, 2020Sappi Limited announced that they will report Q3, 2020 results at 9:00 AM, South Africa Standard Time on Jul 30, 2020業績と収益の成長予測DB:SPI - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数9/30/20285,68712914840449/30/20275,598999830959/30/20265,362-123-299253/31/20265,331-677-158160N/A12/31/20255,344-284-226230N/A9/30/20255,420-177-328173N/A6/30/20255,49596-404233N/A3/31/20255,544180-287329N/A12/31/20245,549229-316183N/A9/29/20245,45833-265208N/A6/30/20245,375-86-177276N/A3/31/20245,331-97-84323N/A12/31/20235,421-57201626N/A10/1/20235,809259282690N/A6/30/20236,351325469820N/A3/31/20236,843484559941N/A12/31/20227,259603528896N/A10/2/20227,296536500882N/A6/30/20226,798545304681N/A3/31/20226,373364186549N/A12/31/20215,79915325389N/A9/26/20215,2651333407N/A6/30/20214,932-11085411N/A3/31/20214,446-201-28293N/A12/31/20204,470-17633354N/A9/27/20204,609-135-91260N/A6/30/20204,9713-5386N/A3/31/20205,4358441493N/A12/31/20195,630154N/A458N/A9/29/20195,746211N/A565N/A6/30/20195,827268N/A430N/A3/31/20195,901311N/A459N/A12/31/20185,894341N/A514N/A9/30/20185,806323N/A491N/A6/30/20185,682318N/A569N/A3/31/20185,497325N/A538N/A12/31/20175,317311N/A565N/A10/1/20175,296338N/A540N/A6/30/20175,225348N/A546N/A3/31/20175,188322N/A569N/A12/31/20165,166334N/A587N/A9/25/20165,141319N/A550N/A6/30/20165,204290N/A538N/A3/31/20165,253262N/A472N/A12/31/20155,297218N/A453N/A9/27/20155,390167N/A382N/A6/30/20155,492152N/A426N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SPIは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 1.9% ) よりも高い成長率であると考えられます。収益対市場: SPI今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: SPI今後 3 年以内に収益を上げることが予想されます。収益対市場: SPIの収益 ( 2.8% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: SPIの収益 ( 2.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SPIの 自己資本利益率 は、3年後には低くなると予測されています ( 5.5 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 08:20終値2026/05/22 00:00収益2026/03/31年間収益2025/09/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sappi Limited 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。15 アナリスト機関Sean UngererArqaam Capital Research Offshore S.A.L.Caroline LearmonthBarclaysStephen AtkinsonBMO Capital Markets Equity Research12 その他のアナリストを表示
お知らせ • Jul 15Sappi Limited Announces Impact of Civil Unrest on South African OperationsThe unfortunate incidents of civil unrest, violence and criminal activity which are being widely reported through news channels are also impacting Sappi Limited's South African operations. Company's primary concern is for the safety of company's staff and contractors. Therefore, and as a precaution due to transport disruptions impacting raw material supplies, warehousing and customer deliveries, the Sappi Saiccor, Tugela and Stanger Mills in KwaZulu-Natal temporarily ceased production as of 12 July. They will resume once it is safe and practical to do so. Work on the nearly completed Saiccor expansion and upgrade project was suspended as of Friday 9 July. Sappi's forestry operations are being reviewed on a daily basis. There has been no material damage to any of the plants. Insurance is in place for all assets. Global shipments to customers through the Port of Durban have also been impacted due to limitations in service, logistics and closure of warehouse service providers.
Board Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Independent Chairman Nkunku Sowazi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 09+ 2 more updatesSappi Limited to Report Q3, 2026 Results on Aug 06, 2026Sappi Limited announced that they will report Q3, 2026 results on Aug 06, 2026
お知らせ • Dec 12Sappi Limited, Annual General Meeting, Feb 04, 2026Sappi Limited, Annual General Meeting, Feb 04, 2026. Location: sappi`s registered office, the oxford room, ground floor, 108 oxford road (entrance on ninth street), houghton estate, johannesburg, 2198, republic of south africa South Africa
お知らせ • Nov 12Sappi Limited to Report Q1, 2026 Results on Feb 04, 2026Sappi Limited announced that they will report Q1, 2026 results at 8:00 AM, South Africa Standard Time on Feb 04, 2026
お知らせ • Dec 24+ 2 more updatesSappi Limited to Report Q3, 2025 Results on Aug 07, 2025Sappi Limited announced that they will report Q3, 2025 results on Aug 07, 2025
お知らせ • Dec 13Sappi Limited, Annual General Meeting, Feb 05, 2025Sappi Limited, Annual General Meeting, Feb 05, 2025. Location: sappi`s registered office, the oxford room, ground floor, 108 oxford road (entrance on ninth street), houghton estate, republic of south africa, johannesburg, 2198, South Africa
Declared Dividend • Nov 10Dividend of R2.47 announcedShareholders will receive a dividend of R2.47. Ex-date: 8th January 2025 Payment date: 13th January 2025 Dividend yield will be 85%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.0% per year over the past 8 years. However, payments have been volatile during that time.
お知らせ • Nov 08+ 1 more updateSappi Limited to Report Q1, 2025 Results on Feb 05, 2025Sappi Limited announced that they will report Q1, 2025 results at 8:00 AM, South Africa Standard Time on Feb 05, 2025
お知らせ • Nov 07Sappi Limited Announces Board and Committee Changes, Effective 01 January 2025On 06 November 2024, the Sappi Limited approved the following changes to the directorate which will take effect from 01 January 2025. Mr. Mohamed Moosa retires from the board and his positions as Lead Independent Director, chairman of the Social, Ethics and Transformation (SETS) Committee and a member of the Nomination and Governance Committee on 31 December 2024. Mr. Michael (Mike) Fallon is appointed as Lead Independent Director and resigns from his position as chairman of the Human Resources and Compensation Committee. Mr. Louis von Zeuner is appointed as chairman of the Human Resources and Compensation committee. Mr. Brian Beamish is appointed as chairman of the SETS Committee. Additionally, Ms Eleni Istavridis is appointed to the SETS committee and Ms Zola Malinga to the Nomination and Governance Committee.
Reported Earnings • Aug 09Third quarter 2024 earnings released: EPS: US$0.085 (vs US$0.071 in 3Q 2023)Third quarter 2024 results: EPS: US$0.085 (up from US$0.071 in 3Q 2023). Revenue: US$1.37b (up 3.3% from 3Q 2023). Net income: US$51.0m (up 28% from 3Q 2023). Profit margin: 3.7% (up from 3.0% in 3Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Aug 09Sappi Limited to Report Q4, 2024 Results on Nov 07, 2024Sappi Limited announced that they will report Q4, 2024 results at 8:00 AM, South Africa Standard Time on Nov 07, 2024
お知らせ • Jul 16UTB Industry B.V. agreed to acquire Sappi Lanaken NV from Sappi Limited (JSE:SAP) for €50 million.UTB Industry B.V. agreed to acquire Sappi Lanaken NV from Sappi Limited (JSE:SAP) for €50 million on July 15, 2024. The expected completion of the transaction in during October 2024.
New Risk • May 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (6.5% increase in shares outstanding).
New Risk • Jan 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.6% per year for the foreseeable future. Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin).
お知らせ • Dec 15Sappi Limited Announces Valli Moosa Retires as Lead Independent Director and Chairman of Social, Ethics, Transformation and Sustainability CommitteeThe board of directors of Sappi Limited announced that Mr. Valli Moosa, Lead Independent Director and Chairman of the Social, Ethics, Transformation and Sustainability Committee has indicated that he will be retiring with effect from the annual general meeting in February 2025.
お知らせ • Nov 11Sappi Limited, Annual General Meeting, Feb 07, 2024Sappi Limited, Annual General Meeting, Feb 07, 2024.
お知らせ • Nov 10Sappi Limited to Report Q1, 2024 Results on Feb 07, 2024Sappi Limited announced that they will report Q1, 2024 results at 8:00 AM, South Africa Standard Time on Feb 07, 2024
Reported Earnings • Nov 10Full year 2023 earnings released: EPS: US$0.46 (vs US$0.95 in FY 2022)Full year 2023 results: EPS: US$0.46 (down from US$0.95 in FY 2022). Revenue: US$5.81b (down 20% from FY 2022). Net income: US$259.0m (down 52% from FY 2022). Profit margin: 4.5% (down from 7.3% in FY 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 09+ 2 more updatesSappi Limited Approves Dividend for the Year Ended September 2023, Payable on 15 January 2024On 08 November 2023, the directors of Sappi Limited approved a dividend (number 90) of 15 US cents per share for the year ended September 2023, which will be paid to shareholders on 15 January 2024. This dividend was declared after year-end and was not included as a liability at the end of the 2023 financial year and will be funded from cash reserves. Last day to trade to qualify for the dividend: 09 January 2024; Shares commence trading ex-dividend:10 January 2024.
お知らせ • Sep 18Sappi Limited(JSE:SAP) dropped from FTSE All-World Index (USD)Sappi Limited(JSE:SAP) dropped from FTSE All-World Index (USD)
Buying Opportunity • Sep 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.3%. The fair value is estimated to be €2.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 94%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is also forecast to decline by 8.7% per annum over the same time period.
お知らせ • Aug 12Sappi Limited to Report Q4, 2023 Results on Nov 09, 2023Sappi Limited announced that they will report Q4, 2023 results at 8:00 AM, South Africa Standard Time on Nov 09, 2023
New Risk • Aug 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 8.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.1% net profit margin).
Reported Earnings • Aug 04Third quarter 2023 earnings released: EPS: US$0.071 (vs US$0.35 in 3Q 2022)Third quarter 2023 results: EPS: US$0.071 (down from US$0.35 in 3Q 2022). Revenue: US$1.33b (down 27% from 3Q 2022). Net income: US$40.0m (down 80% from 3Q 2022). Profit margin: 3.0% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €2.16, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.97 per share.
New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 44% per year for the foreseeable future. Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change).
お知らせ • May 19Sappi Limited to Report Q3, 2023 Results on Aug 03, 2023Sappi Limited announced that they will report Q3, 2023 results at 8:00 AM, South Africa Standard Time on Aug 03, 2023
お知らせ • Feb 12Sappi Limited to Report Q2, 2023 Results on May 11, 2023Sappi Limited announced that they will report Q2, 2023 results at 9:00 AM, South Africa Standard Time on May 11, 2023
Upcoming Dividend • Jan 04Upcoming dividend of R2.67 per shareEligible shareholders must have bought the stock before 11 January 2023. Payment date: 16 January 2023. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (4.3%).
Reported Earnings • Dec 20Full year 2022 earnings released: EPS: US$0.95 (vs US$0.024 in FY 2021)Full year 2022 results: EPS: US$0.95 (up from US$0.024 in FY 2021). Revenue: US$7.30b (up 39% from FY 2021). Net income: US$536.0m (up US$523.0m from FY 2021). Profit margin: 7.3% (up from 0.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Dec 16Sappi Limited, Annual General Meeting, Feb 08, 2023Sappi Limited, Annual General Meeting, Feb 08, 2023, at 14:00 South Africa Standard Time. Location: Sappi’s registered office, in the Oxford Room, Ground Floor, 108 Oxford Road (entrance on Ninth Street) Houghton Estate, Johannesburg, 2198 Johanesburg South Africa
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Jim Lopez was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 11Sappi Limited to Report Q1, 2023 Results on Feb 08, 2023Sappi Limited announced that they will report Q1, 2023 results at 8:00 AM, South Africa Standard Time on Feb 08, 2023
お知らせ • Oct 01AURELIUS Investment Lux One S.à.r.l. entered into an agreement to acquire Maastricht Mill, Stockstadt Mill and Kirkniemi Mill from Sappi Limited (JSE:SAP)AURELIUS Investment Lux One S.à.r.l. entered into an agreement to acquire Maastricht Mill, Stockstadt Mill and Kirkniemi Mill from Sappi Limited (JSE:SAP) on September 29, 2022. The enterprise value of the sale amounts to approximately €272 million. The transaction is subject to approval by the relevant competition and regulatory authorities. The net loss after tax attributable to the net assets of the three mills for the last twelve months ended 31 March 2022 was €6,5 million and EBITDA for the last twelve months ended 31 March 2022 was €58 million. The sale is expected to close in the first calendar quarter of 2023. Lincoln International AG acted as financial advisor, Floris Pierik and Stefan Schneider of Jones Day acted as legal advisor and Ernst & Young Gmbh acted as accountant to AURELIUS Investment Lux One S.à.r.l. Afry provided commercial advice and Tauw provided Environmental advice to AURELIUS Investment Lux One S.à.r.l. Margherita Marchi, Celedonio Moncayo, Carlos Penim, Govinder Ubhi, Henry Newbould of Stifel Financial Corp. acted as financial advisor to Sappi Limited.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €2.58, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Forestry industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.00 per share.
Buying Opportunity • Aug 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €3.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings is forecast to decline by 25% per annum over the same time period.
Reported Earnings • Aug 06Third quarter 2022 earnings released: EPS: US$0.35 (vs US$0.033 in 3Q 2021)Third quarter 2022 results: EPS: US$0.35 (up from US$0.033 in 3Q 2021). Revenue: US$1.82b (up 31% from 3Q 2021). Net income: US$199.0m (up US$181.0m from 3Q 2021). Profit margin: 11% (up from 1.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 2.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Board Change • Jul 13Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Jim Lopez was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Jim Lopez was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 15% share price gain to €3.06, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Forestry industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.32 per share.
Reported Earnings • Feb 10First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst quarter 2022 results: EPS: US$0.22 (up from US$0.031 loss in 1Q 2021). Revenue: US$1.70b (up 46% from 1Q 2021). Net income: US$123.0m (up US$140.0m from 1Q 2021). Profit margin: 7.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 28%. Over the next year, revenue is expected to shrink by 3.8% compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 02+ 2 more updatesSappi Limited to Report Q3, 2022 Results on Aug 04, 2022Sappi Limited announced that they will report Q3, 2022 results on Aug 04, 2022
Reported Earnings • Dec 19Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$0.024 (up from US$0.25 loss in FY 2020). Revenue: US$5.27b (up 14% from FY 2020). Net income: US$13.0m (up US$148.0m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 13%, compared to a 3.7% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 12Full year 2021 earnings released: EPS US$0.024 (vs US$0.25 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$5.27b (up 14% from FY 2020). Net income: US$13.0m (up US$148.0m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
Board Change • Oct 14High number of new directorsLead Independent Director Valli Moosa was the last director to join the board, commencing their role in 2020.
お知らせ • Jul 15Sappi Limited Announces Impact of Civil Unrest on South African OperationsThe unfortunate incidents of civil unrest, violence and criminal activity which are being widely reported through news channels are also impacting Sappi Limited's South African operations. Company's primary concern is for the safety of company's staff and contractors. Therefore, and as a precaution due to transport disruptions impacting raw material supplies, warehousing and customer deliveries, the Sappi Saiccor, Tugela and Stanger Mills in KwaZulu-Natal temporarily ceased production as of 12 July. They will resume once it is safe and practical to do so. Work on the nearly completed Saiccor expansion and upgrade project was suspended as of Friday 9 July. Sappi's forestry operations are being reviewed on a daily basis. There has been no material damage to any of the plants. Insurance is in place for all assets. Global shipments to customers through the Port of Durban have also been impacted due to limitations in service, logistics and closure of warehouse service providers.
Reported Earnings • May 06Second quarter 2021 earnings released: US$0.042 loss per share (vs US$0.004 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$1.28b (down 1.8% from 2Q 2020). Net loss: US$23.0m (down US$25.0m from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
Executive Departure • Apr 02Chief Executive Officer of Sappi Europe Berend Wiersum has left the companyOn the 31st of March, Berend Wiersum, was replaced as CEO by Stephen Binnie after 14.3 years in the role. As of December 2020, Berend personally held 515.43k shares (€969k worth at the time). Berend is the only executive to leave the company over the last 12 months. Under Berend's leadership, the company delivered a total shareholder return of -59%.
Is New 90 Day High Low • Mar 11New 90-day high: €2.82The company is up 63% from its price of €1.73 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.82 per share.
Is New 90 Day High Low • Feb 05New 90-day high: €2.68The company is up 86% from its price of €1.44 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.87 per share.
Reported Earnings • Feb 04First quarter 2021 earnings released: US$0.031 loss per share (vs US$0.044 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$1.16b (down 11% from 1Q 2020). Net loss: US$17.0m (down 171% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 04Revenue misses expectationsRevenue missed analyst estimates by 0.04%. Over the next year, revenue is forecast to grow 17% while theForestry industry in Germany is not expected to grow.
お知らせ • Feb 04Sappi Limited to Report Q2, 2021 Results on May 06, 2021Sappi Limited announced that they will report Q2, 2021 results at 8:00 AM, South Africa Standard Time on May 06, 2021
お知らせ • Feb 01Sappi Limited to Report Q1, 2021 Results on Feb 03, 2021Sappi Limited announced that they will report Q1, 2021 results at 8:00 AM, South Africa Standard Time on Feb 03, 2021
Is New 90 Day High Low • Jan 06New 90-day high: €1.89The company is up 45% from its price of €1.30 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.64 per share.
Reported Earnings • Dec 19Full year 2020 earnings released: US$0.25 loss per shareThe company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: US$4.61b (down 20% from FY 2019). Net loss: US$135.0m (down 164% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Dec 19Revenue misses expectationsRevenue missed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 7.6% compared to a 1.3% decline forecast for the Forestry industry in Germany.
Is New 90 Day High Low • Dec 19New 90-day high: €1.87The company is up 44% from its price of €1.30 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.46 per share.
お知らせ • Dec 04Sappi Limited Announces Executive ChangesSappi Limited announced that Marco Eikelenboom currently Vice President Marketing and Sales at Sappi Europe, has been appointed as CEO of Sappi Europe as from 01 April 2021. Marco Eikelenboom succeeds Berry Wiersum (65), who will retire at the end of March 2021. Berry Wiersum has been CEO of Sappi Europe for 14 years.
お知らせ • Nov 28An unknown buyer acquired an unknown stake in Sappi Limited (JSE:SAP).An unknown buyer acquired an unknown stake in Sappi Limited (JSE:SAP) on November 25, 2020. Ninety One SA (Pty) Ltd acquired the shares on behalf of its clients, such that Ninety One SA’s total beneficial interest in Sappi has increased to 10.0074%.UBS South Africa (Pty) Ltd acted as sponsor in this transaction. An unknown buyer completed the acquisition of an unknown stake in Sappi Limited (JSE:SAP) on November 25, 2020.
Is New 90 Day High Low • Nov 11New 90-day high: €1.53The company is up 23% from its price of €1.24 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.33 per share.
Analyst Estimate Surprise Post Earnings • Nov 07Revenue misses expectationsRevenue missed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 9.9% compared to a 1.6% decline forecast for the Forestry industry in Germany.
Reported Earnings • Nov 07Full year 2020 earnings released: US$0.25 loss per shareThe company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: US$4.61b (down 20% from FY 2019). Net loss: US$135.0m (down 164% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 24New 90-day high: €1.45The company is up 4.0% from its price of €1.40 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.75 per share.
お知らせ • Jul 31Sappi Limited to Report Q3, 2020 Results on Jul 30, 2020Sappi Limited announced that they will report Q3, 2020 results at 9:00 AM, South Africa Standard Time on Jul 30, 2020