View ValuationHulamin 将来の成長Future 基準チェック /56Hulamin利益と収益がそれぞれ年間62.3%と119.6%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10.3% 62.5%なると予測されています。主要情報62.3%収益成長率62.46%EPS成長率Metals and Mining 収益成長18.2%収益成長率119.6%将来の株主資本利益率10.30%アナリストカバレッジLow最終更新日09 Apr 2026今後の成長に関する最新情報Price Target Changed • Apr 10Price target decreased by 22% to R3.20Down from R4.10, the current price target is provided by 1 analyst. New target price is 68% above last closing price of R1.91. Stock is down 13% over the past year. The company is forecast to post earnings per share of R0.61 next year compared to a net loss per share of R0.22 last year.お知らせ • Aug 10Hulamin Limited Provides Earnings Guidance for the Six-Month Period Ended 30 June 2023Hulamin Limited provided earnings guidance for the six-month period ended 30 June 2023. For the period, the company expects Basic earnings per share will increase between 94% and 113% compared to 47 cents achieved for the six-month period ended 30 June 2022 ("H1 2022"), resulting in a range of between 91 cents and 100 cents.Major Estimate Revision • Sep 20Analysts update estimatesThe 2020 consensus revenue estimate increased from R8.11b to R8.26b. The company's losses in 2020 are expected to worsen with analysts lowering their EPS forecasts from -R0.99 to -R1.10. The Metals and Mining industry in South Africa is expected to see an average net income growth of 120% next year. The consensus price target was lowered from R1.30 to R1.10. Share price is down by 8.0% to R0.92 over the past week.すべての更新を表示Recent updatesナラティブの更新 • Apr 25HLM: Earnings Guidance And Marginally Improved Margins Will Support Future UpsideAnalysts have kept their ZAR price target for Hulamin effectively unchanged, citing steady fair value assumptions, an unchanged 26.05% discount rate, very large modelled revenue growth, and a marginally improved profit margin and future P/E input. What's in the News Hulamin issued earnings guidance for the year ending 31 December 2025, giving investors an early view of expected financial results.ナラティブの更新 • Apr 11HLM: Earnings Guidance And Margin Assumptions Will Drive Future Upside PotentialAnalysts have adjusted their price target on Hulamin to reflect updated fair value assumptions. The move is framed by changes in discount rates, revenue growth expectations, profit margin forecasts, and future P/E inputs in their models.Price Target Changed • Apr 10Price target decreased by 22% to R3.20Down from R4.10, the current price target is provided by 1 analyst. New target price is 68% above last closing price of R1.91. Stock is down 13% over the past year. The company is forecast to post earnings per share of R0.61 next year compared to a net loss per share of R0.22 last year.Reported Earnings • Mar 25Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: R0.22 loss per share (down from R0.80 profit in FY 2024). Revenue: R13.0b (down 4.3% from FY 2024). Net loss: R67.8m (down 127% from profit in FY 2024). Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in South Africa. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.お知らせ • Mar 24Hulamin Limited, Annual General Meeting, May 21, 2026Hulamin Limited, Annual General Meeting, May 21, 2026. Location: anew hotel, 1 hilton avenue, pietermaritzburg South AfricaValuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to R1.75, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Metals and Mining industry in South Africa. Total loss to shareholders of 42% over the past three years.New Risk • Mar 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (R651.5m market cap, or US$38.8m).お知らせ • Mar 06Hulamin Limited to Report Q4, 2025 Results on Mar 23, 2026Hulamin Limited announced that they will report Q4, 2025 results at 7:00 AM, South Africa Standard Time on Mar 23, 2026Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to R2.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Metals and Mining industry in South Africa. Total loss to shareholders of 20% over the past three years.分析記事 • Dec 19Does Hulamin (JSE:HLM) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Valuation Update With 7 Day Price Move • Dec 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to R2.00, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Metals and Mining industry in South Africa. Total loss to shareholders of 36% over the past three years.分析記事 • Oct 22Hulamin's (JSE:HLM) Returns Have Hit A WallTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...ナラティブの更新 • Sep 10Wide Can Body Line Ramp-Up Will Capture Beverage Can MarketThe consensus price target for Hulamin has been lowered from ZAR5.30 to ZAR4.10, primarily reflecting reduced future P/E and softer expected revenue growth. What's in the News Hulamin expects a loss per share of 7–9 cents for H1 2025, compared to EPS of 83 cents a year earlier, representing a decline of 109%–111%.Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R2.68, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Metals and Mining industry in South Africa. Total loss to shareholders of 2.5% over the past three years.New Risk • Sep 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (R845.7m market cap, or US$48.1m).Reported Earnings • Aug 26First half 2025 earnings released: EPS: R0.14 (vs R0.90 in 1H 2024)First half 2025 results: EPS: R0.14 (down from R0.90 in 1H 2024). Revenue: R7.10b (up 7.8% from 1H 2024). Net income: R42.7m (down 85% from 1H 2024). Profit margin: 0.6% (down from 4.2% in 1H 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Metals and Mining industry in South Africa. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.New Risk • Aug 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (R792.4m market cap, or US$44.9m).Valuation Update With 7 Day Price Move • Aug 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to R2.41, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Metals and Mining industry in South Africa. Total loss to shareholders of 11% over the past three years.お知らせ • Jul 28Hulamin Limited to Report First Half, 2025 Results on Aug 25, 2025Hulamin Limited announced that they will report first half, 2025 results on Aug 25, 2025Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to R2.95, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Metals and Mining industry in South Africa. Total returns to shareholders of 28% over the past three years.分析記事 • Jul 11Hulamin Limited's (JSE:HLM) Subdued P/E Might Signal An OpportunityHulamin Limited's ( JSE:HLM ) price-to-earnings (or "P/E") ratio of 3.2x might make it look like a strong buy right now...新しいナラティブ • Jun 22Wide Can Body Expansion Will Tap Sustainable Packaging Demand Strategic expansions and modernization initiatives support volume growth, operational efficiency, and future revenue gains in high-value markets and sustainable sectors.Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R2.24, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Metals and Mining industry in South Africa. Total loss to shareholders of 55% over the past three years.分析記事 • May 16Investors Will Want Hulamin's (JSE:HLM) Growth In ROCE To PersistFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Board Change • May 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Paul Baloyi was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.分析記事 • Mar 24Why Hulamin's (JSE:HLM) Shaky Earnings Are Just The Beginning Of Its ProblemsThe market wasn't impressed with the soft earnings from Hulamin Limited ( JSE:HLM ) recently. Our analysis has found...New Risk • Mar 20New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 54% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (R676.6m market cap, or US$37.4m).分析記事 • Mar 19Hulamin Limited (JSE:HLM) Looks Inexpensive After Falling 31% But Perhaps Not Attractive EnoughTo the annoyance of some shareholders, Hulamin Limited ( JSE:HLM ) shares are down a considerable 31% in the last...Reported Earnings • Mar 18Full year 2024 earnings released: EPS: R0.80 (vs R0.88 in FY 2023)Full year 2024 results: EPS: R0.80 (down from R0.88 in FY 2023). Revenue: R13.6b (down 1.2% from FY 2023). Net income: R246.3m (down 9.4% from FY 2023). Profit margin: 1.8% (down from 2.0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.お知らせ • Mar 17Hulamin Limited, Annual General Meeting, May 22, 2025Hulamin Limited, Annual General Meeting, May 22, 2025. Location: anew hotel, 1 hilton avenue, pietermaritzburg South Africaお知らせ • Mar 14Hulamin Limited Announces Board ChangesHulamin Limited announced that Mr. Thabo Leeuw, the independent non-executive chairman of Company has intention to retire from the board of directors of Company after serving the Company and its shareholders for 17 years, with effect from 31 August 2025. This is in keeping with the Board's revitalised succession plan. Thabo has been a valuable member of the Board since 2007. During his tenure, his contribution and leadership have been critical to the direction of the Group's business. As Chairman, Thabo has been instrumental in setting Company's strategy, and guiding its management to bring stability to the Company and turn around the business following the operational and performance constraints experienced by the Group in recent years due to an uncertain and challenging macro environment. Mr. Paul Baloyi has been appointed to the Board as an independent non-executive director, with effect from 1 April 2025, and to succeed Thabo as the Chairman of the Board with effect from 1 September 2025. The appointment of Paul was made in accordance with the Company Board policy for the nomination and appointment of directors. A structured handover process from Thabo to Paul, under the oversight of the Nomination and Governance Committee, to ensure continuity and a smooth transition of responsibilities, including institutional knowledge sharing, will commence from 1 April 2025. Paul has been in numerous leadership positions and has over 30 years' experience in the financial services sector. He is a specialist in risk, governance and strategy with significant experience in development finance, enterprise development and institutional capacity building. Paul was previously the Chief Executive Officer and Managing Director of the Development Bank of Southern Africa (DBSA) and the DBSA Development Fund from 2006 to 2013. He was instrumental in significantly increasing the size and scope of the bank's activities both locally and into Africa. Paul further spent 30 years with Standard Bank and Nedbank. His last position at Nedbank was that of Managing Director of Nedbank Africa until 2006, where he established many invaluable business relationships with companies and individuals across the continent. Paul is an entrepreneur and continues to serve as an independent non-executive director on various boards locally and in Africa. He serves as the chairman of ENX Group Ltd. and Momentum Metropolitan Holdings Ltd, and as an independent non-executive director of Bid Corporation Ltd, Alphamin Resources Corp. and Peermont Group Ltd. Paul holds an MBA from Bangor University in the UK, Management of Development, Advanced Management Programme qualification from INSEAD in France, and a Senior Executive Programme qualification from Harvard Business School in the USA.New Risk • Mar 06New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (R823.8m market cap, or US$44.9m).Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R2.79, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 9x in the Metals and Mining industry in South Africa. Total loss to shareholders of 33% over the past three years.New Risk • Feb 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (R751.7m market cap, or US$40.8m).Valuation Update With 7 Day Price Move • Feb 17Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to R2.67, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 10x in the Metals and Mining industry in South Africa. Total loss to shareholders of 36% over the past three years.分析記事 • Feb 01We Like These Underlying Return On Capital Trends At Hulamin (JSE:HLM)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...New Risk • Jan 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.2% 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: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (R1.05b market cap, or US$56.5m).お知らせ • Nov 29Hulamin Limited Announces Changes to the Board and Board CommitteesHulamin Limited announced that Mr. Naran Maharajh has resigned as a non-executive director of Hulamin with effect from 31 December 2024 due to growing demands for his time with regard to other commitments. To fill the vacancies on the board, shareholders are advised that the board of directors of the Company (‘Board’) announced the appointment of Ms. Zanele Monnakgotla, Dr. Andreas Tostmann and Mr. Linda Yanta as independent non-executive directors with effect from 1 December 2024. The appointments were made in accordance with the board policy for the nomination and appointment of directors. Zanele is a board member of Sasol Khanyisa Public, Sasol South Africa, Ecobank Transnational Incorporated, Rand Water and Adowa Properties. She previously served as a board member of amongst others, the Development Bank of South Africa, Philafrica Foods, Small Enterprise Development Agency, National Advisory Council on Innovation and South Africa Bureau of Standards. Zanele has held key senior management roles and was the Head of Innovation and Head of Strategic High Projects at the Industrial Development Corporation. She founded and was the Managing Director of Freewi Technologies. Zanele holds LLB and BCom degrees, as well as a Post Graduate Diploma in Risk Management, a Masters degree in Management of Finance, and an LLM in Tax law. Andreas is the CEO of Lynius GmbH, based in Münich Germany. He has more than 30 years of executive experience in a wide variety of industries, including car and truck manufacturing, aerospace, maritime sector, IT and mechanical engineering. Andreas was appointed as the Managing Director of Volkswagen of South Africa in January 2004 and was awarded an Honorary doctorate by the Nelson Mandela Metropolitan University for the work he undertook, whilst leading Volkswagen of South Africa in promoting economic development, driving industry co-operation and collaboration on an international level and furthering education for engineering students. Andreas was a member of the Volkswagen executive board for Production and CEO of MAN Truck and Bus. He was previously a board member of Sinotruk (Hong Kong), Fraunhofer Austria Research GmbH, MAN Truck & Bus Deutschland GmbH, Rheinmetall MAN Military Vehicles GmbH and VDA Vorstandskreis Nutzfahrzeuge. Andreas holds degrees in Economics and Mechanical Engineering. Linda is a seasoned independent governance consultant. He is a board member of M&G Investment Group (previously Prudential), M&G Life (a subsidiary) and chairs the organisation's group audit, risk and compliance committee. Linda was previously the CFO of Arena Holdings Group and a director in the Corporate Governance Services unit at SNG. He also chaired the board of Trustees of the Anglo Platinum Community Trust and briefly chaired the Rand Water Medical Scheme Audit Committee. Linda has held key senior management roles in finance at Unilever, Eskom, Transnet and National Sorghum Brewery. Linda has a depth of experience in the various aspects of finance and assurance. Linda is a qualified Chartered Accountant (SA). Changes to Board Committees: As a consequence of the above resignation and appointments, the Board committees have been reconstituted as follows: Audit Committee: Naran resigns as a member and chair with effect from 31 December 2024. Linda is appointed as a member with effect from 1 December 2024 and incoming chair with effect from 31 December 2024. Remuneration Committee: Naran resigns as a member with effect from 31 December 2024. Zanele is appointed as a member with effect from 1 December 2024. Risk Committee: Naran resigns as a member with effect from 31 December 2024. Andreas is appointed as a member with effect from 1 December 2024. Linda is appointed as a member with effect from 1 December 2024 Social, Ethics and Sustainability Committee: Zanele is appointed as a member with effect from 1 December 2024. Ms Ayanda Mngadi, the Hulamin Group Executive for Corporate Affairs, resigns as a member with effect from 1 December 2024. Nomination and Governance Committee: Naran resigns as a member with effect from 31 December 2024. Linda is appointed as a member with effect from 31 December 2024.分析記事 • Aug 25Investors Holding Back On Hulamin Limited (JSE:HLM)With a price-to-earnings (or "P/E") ratio of 4.9x Hulamin Limited ( JSE:HLM ) may be sending bullish signals at the...Reported Earnings • Aug 23First half 2024 earnings released: EPS: R0.83 (vs R0.95 in 1H 2023)First half 2024 results: EPS: R0.83 (down from R0.95 in 1H 2023). Revenue: R6.97b (down 5.9% from 1H 2023). Net income: R257.0m (down 13% from 1H 2023). Profit margin: 3.7% (down from 4.0% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.New Risk • Aug 21New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 2.9% 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: Minor Risks Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (R1.16b market cap, or US$65.1m).お知らせ • Aug 06Hulamin Limited to Report Q2, 2024 Results on Aug 19, 2024Hulamin Limited announced that they will report Q2, 2024 results on Aug 19, 2024分析記事 • Jul 29The Returns At Hulamin (JSE:HLM) Aren't GrowingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...お知らせ • Jul 01+ 1 more updateHulamin Limited Appoints Pravashni Nirghin as Permanent CFOShareholders are referred to the announcement released on SENS on 10 October 2023, relating to changes to the board of directors of the Company and the appointment of an interim Chief Financial Officer. In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the Board of Hulamin Limited announced that, following the conclusion of a comprehensive selection process, Ms. Pravashni Nirghin has been appointed as the permanent CFO and as the executive financial director of Hulamin with effect from 1 July 2024. Pravashni, who has been acting as the interim CFO of Hulamin from 1 December 2023, brings a wealth of experience in financial management and strategic planning, having previously held a senior role at Vodacom. During her tenure as interim CFO, she has gathered a wealth of knowledge on the financial affairs of the Group, assisted in the full acquisition of the company's previously held joint venture and fulfilled her responsibilities in various subcommittee and board meetings. She is skilled in managing overall finance functions, group and statutory financial reporting, financial planning and achieving strategic business objectives in an effective manner.Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R3.94, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 7x in the Metals and Mining industry in South Africa. Total returns to shareholders of 82% over the past three years.お知らせ • May 25Hulamin Limited Announces Resignation of Robert Lennart Larson as an Independent Non-Executive Director and Member of the Risk CommitteeHulamin Limited announced that Mr. Robert Lennart Larson ("Robert") has resigned as an independent non-executive director of the Company and as a member of the Risk Committee, with effect from 24 May 2024.Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R3.40, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 7x in the Metals and Mining industry in South Africa. Total returns to shareholders of 57% over the past three years.分析記事 • May 06Insufficient Growth At Hulamin Limited (JSE:HLM) Hampers Share PriceHulamin Limited's ( JSE:HLM ) price-to-earnings (or "P/E") ratio of 3.7x might make it look like a strong buy right now...Board Change • May 01Insufficient 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. 5 highly experienced directors. CEO & Executive Director Mark Gounder was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Apr 27Hulamin Limited, Annual General Meeting, May 24, 2024Hulamin Limited, Annual General Meeting, May 24, 2024, at 15:00 South Africa Standard Time.Reported Earnings • Mar 04Full year 2023 earnings releasedFull year 2023 results: Revenue: R13.8b (down 13% from FY 2022). Net income: R271.8m (down 9.3% from FY 2022). Profit margin: 2.0% (up from 1.9% in FY 2022). The increase in margin was driven by lower expenses.New Risk • Mar 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (R986.6m market cap, or US$51.5m).お知らせ • Feb 27Hulamin Limited to Report Fiscal Year 2023 Results on Mar 04, 2024Hulamin Limited announced that they will report fiscal year 2023 results at 7:00 AM, South Africa Standard Time on Mar 04, 2024お知らせ • Oct 11+ 1 more updateHulamin Limited Announces CFO Changes, Effective 1 December 2023The board of Hulamin Limited announced that Mr. Meganathan Gounder (Mark), the current chief financial officer ("CFO") of the Company, has been appointed as the chief executive officer of Hulamin with effect from 1 December 2023. Ms Pravashni Nirghin, currently the Company's Head of Financial Reporting, will be appointed as the interim CFO of the Company with effect from 1 December 2023. Pravashni is an experienced CA(SA) finance professional with over 17 years' experience. She joined Hulamin in 2022 from Vodacom, where she held various key finance positions. She is skilled in managing overall finance functions, group and statutory financial reporting, financial planning and achieving strategic business objectives in an effective manner.Reported Earnings • Aug 20First half 2023 earnings released: EPS: R0.95 (vs R0.47 in 1H 2022)First half 2023 results: EPS: R0.95 (up from R0.47 in 1H 2022). Revenue: R7.40b (down 7.0% from 1H 2022). Net income: R294.3m (up 103% from 1H 2022). Profit margin: 4.0% (up from 1.8% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.New Risk • Aug 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.6% 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (R836.3m market cap, or US$43.8m).お知らせ • Aug 12Hulamin Limited Appoints Lerato Manaka as the Company SecretaryHulamin appointed Lerato Manaka as the Company Secretary with effect from 1 August 2023 at the Board meeting held 11 August 2023. Ms Manaka has over 15 years of governance and company secretarial experience within the JSE-listed environment. She holds the degrees of B.Com Law, LLB and MBA. Luvivi (Pty) Ltd. provides governance services across multiple sectors.お知らせ • Aug 10Hulamin Limited Provides Earnings Guidance for the Six-Month Period Ended 30 June 2023Hulamin Limited provided earnings guidance for the six-month period ended 30 June 2023. For the period, the company expects Basic earnings per share will increase between 94% and 113% compared to 47 cents achieved for the six-month period ended 30 June 2022 ("H1 2022"), resulting in a range of between 91 cents and 100 cents.Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to R3.15, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 5x in the Metals and Mining industry in South Africa. Total returns to shareholders of 212% over the past three years.お知らせ • Aug 05Hulamin Limited to Report First Half, 2023 Results on Aug 14, 2023Hulamin Limited announced that they will report first half, 2023 results on Aug 14, 2023お知らせ • May 27Hulamin Limited Announces Board ChangesHulamin Limited at the annual general meeting of the Company held on 25 May 2023 approved appointment of VN Khumalo as a member of the Social, Ethics and Sustainability Committee; Appointment of SP Ngwenya as a member of the Social, Ethics and Sustainability Committee; Appointment of BA Mngadi as a member of the Social, Ethics and Sustainability Committee; and Appointment of Dr. B Mehlomakulu as a member of the Social, Ethics and Sustainability Committee.Reported Earnings • Mar 10Full year 2022 earnings released: EPS: R0.97 (vs R1.92 in FY 2021)Full year 2022 results: EPS: R0.97 (down from R1.92 in FY 2021). Revenue: R15.9b (up 22% from FY 2021). Net income: R299.7m (down 49% from FY 2021). Profit margin: 1.9% (down from 4.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 10Hulamin Limited's (JSE:HLM) Shares Bounce 30% But Its Business Still Trails The MarketHulamin Limited ( JSE:HLM ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R3.20, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 5x in the Metals and Mining industry in South Africa. Total returns to shareholders of 105% over the past three years.分析記事 • Feb 27Hulamin (JSE:HLM) Shareholders Will Want The ROCE Trajectory To ContinueTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...分析記事 • Aug 02Hulamin (JSE:HLM) Might Have The Makings Of A Multi-BaggerTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Reported Earnings • Apr 04Full year 2021 earnings released: EPS: R1.92 (vs R0.78 loss in FY 2020)Full year 2021 results: EPS: R1.92 (up from R0.78 loss in FY 2020). Revenue: R13.0b (up 52% from FY 2020). Net income: R591.3m (up R830.8m from FY 2020). Profit margin: 4.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 24% share price gain to R3.95, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 5x in the Metals and Mining industry in South Africa. Total loss to shareholders of 18% over the past three years.Reported Earnings • Apr 17Full year 2020 earnings releasedThe company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: R8.55b (down 20% from FY 2019). Net loss: R230.4m (loss narrowed 81% from FY 2019).Is New 90 Day High Low • Feb 06New 90-day high: R2.48The company is up 146% from its price of R1.01 on 06 November 2020. The South African market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period.Is New 90 Day High Low • Dec 17New 90-day high: R1.89The company is up 105% from its price of R0.92 on 18 September 2020. The South African market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period.Is New 90 Day High Low • Dec 01New 90-day high: R1.49The company is up 38% from its price of R1.08 on 02 September 2020. The South African market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 11% over the same period.Is New 90 Day High Low • Oct 15New 90-day high: R1.28The company is up 28% from its price of R1.00 on 17 July 2020. The South African market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period.Reported Earnings • Sep 23First half earnings releasedOver the last 12 months the company has reported total losses of R1.28b, with losses widening by 26% from the prior year. Total revenue was R9.14b over the last 12 months, down 21% from the prior year.Major Estimate Revision • Sep 20Analysts update estimatesThe 2020 consensus revenue estimate increased from R8.11b to R8.26b. The company's losses in 2020 are expected to worsen with analysts lowering their EPS forecasts from -R0.99 to -R1.10. The Metals and Mining industry in South Africa is expected to see an average net income growth of 120% next year. The consensus price target was lowered from R1.30 to R1.10. Share price is down by 8.0% to R0.92 over the past week.業績と収益の成長予測JSE:HLM - アナリストの将来予測と過去の財務データ ( )ZAR 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12/31/202816,683,796412N/A498112/31/202716,277323N/A524112/31/202616,406200N/A22112/31/202513,049-68-306280N/A9/30/202513,191-7-289310N/A6/30/202514,14912-271340N/A3/31/202513,892129-432193N/A12/31/202412,819288-59445N/A9/30/202412,900271-48373N/A6/30/202412,982254-372101N/A3/31/202413,389263-160232N/A12/31/202313,79627252363N/A9/30/202314,584360141438N/A6/30/202315,373449230512N/A3/31/202315,65237429286N/A12/31/202215,930300-17160N/A9/30/202215,704467-359-168N/A6/30/202215,478635-547-395N/A3/31/202214,246613-232-75N/A12/31/202113,01559184245N/A9/30/202111,694342-14139N/A6/30/202110,37492-11334N/A3/31/20219,461-74-307-163N/A12/31/20208,549-240-501-360N/A9/30/20208,842-759-213-10N/A6/30/20209,135-1,27975341N/A3/31/20209,922-1,242149437N/A12/31/201910,709-1,205222533N/A9/30/201911,100-1,109N/A331N/A6/30/201911,491-1,014N/A128N/A3/31/201911,512-894N/A230N/A12/31/201811,534-773N/A332N/A9/30/201811,016-281N/A481N/A6/30/201810,497211N/A631N/A3/31/201810,400257N/A594N/A12/31/201710,304304N/A557N/A9/30/201710,286357N/A612N/A6/30/201710,268411N/A666N/A3/31/201710,184398N/A673N/A12/31/201610,099385N/A679N/A9/30/20169,746313N/A522N/A6/30/20169,393240N/A366N/A3/31/20168,894202N/A245N/A12/31/20158,395164N/A124N/A9/30/20158,151247N/A104N/A6/30/20157,907331N/A85N/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: HLM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 ( 9.8% ) よりも高い成長率であると考えられます。収益対市場: HLM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: HLM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: HLMの収益 ( 119.6% ) ZA市場 ( 6.8% ) よりも速いペースで成長すると予測されています。高い収益成長: HLMの収益 ( 119.6% ) 20%よりも速いペースで成長すると予測されています。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: HLM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 ( 10.3 %)。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2026/05/22 06:47終値2026/05/21 00:00収益2025/12/31年間収益2025/12/31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Hulamin Limited 1 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。1 アナリスト機関Rowan GoellerChronux Research
Price Target Changed • Apr 10Price target decreased by 22% to R3.20Down from R4.10, the current price target is provided by 1 analyst. New target price is 68% above last closing price of R1.91. Stock is down 13% over the past year. The company is forecast to post earnings per share of R0.61 next year compared to a net loss per share of R0.22 last year.
お知らせ • Aug 10Hulamin Limited Provides Earnings Guidance for the Six-Month Period Ended 30 June 2023Hulamin Limited provided earnings guidance for the six-month period ended 30 June 2023. For the period, the company expects Basic earnings per share will increase between 94% and 113% compared to 47 cents achieved for the six-month period ended 30 June 2022 ("H1 2022"), resulting in a range of between 91 cents and 100 cents.
Major Estimate Revision • Sep 20Analysts update estimatesThe 2020 consensus revenue estimate increased from R8.11b to R8.26b. The company's losses in 2020 are expected to worsen with analysts lowering their EPS forecasts from -R0.99 to -R1.10. The Metals and Mining industry in South Africa is expected to see an average net income growth of 120% next year. The consensus price target was lowered from R1.30 to R1.10. Share price is down by 8.0% to R0.92 over the past week.
ナラティブの更新 • Apr 25HLM: Earnings Guidance And Marginally Improved Margins Will Support Future UpsideAnalysts have kept their ZAR price target for Hulamin effectively unchanged, citing steady fair value assumptions, an unchanged 26.05% discount rate, very large modelled revenue growth, and a marginally improved profit margin and future P/E input. What's in the News Hulamin issued earnings guidance for the year ending 31 December 2025, giving investors an early view of expected financial results.
ナラティブの更新 • Apr 11HLM: Earnings Guidance And Margin Assumptions Will Drive Future Upside PotentialAnalysts have adjusted their price target on Hulamin to reflect updated fair value assumptions. The move is framed by changes in discount rates, revenue growth expectations, profit margin forecasts, and future P/E inputs in their models.
Price Target Changed • Apr 10Price target decreased by 22% to R3.20Down from R4.10, the current price target is provided by 1 analyst. New target price is 68% above last closing price of R1.91. Stock is down 13% over the past year. The company is forecast to post earnings per share of R0.61 next year compared to a net loss per share of R0.22 last year.
Reported Earnings • Mar 25Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: R0.22 loss per share (down from R0.80 profit in FY 2024). Revenue: R13.0b (down 4.3% from FY 2024). Net loss: R67.8m (down 127% from profit in FY 2024). Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in South Africa. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 24Hulamin Limited, Annual General Meeting, May 21, 2026Hulamin Limited, Annual General Meeting, May 21, 2026. Location: anew hotel, 1 hilton avenue, pietermaritzburg South Africa
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to R1.75, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Metals and Mining industry in South Africa. Total loss to shareholders of 42% over the past three years.
New Risk • Mar 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (R651.5m market cap, or US$38.8m).
お知らせ • Mar 06Hulamin Limited to Report Q4, 2025 Results on Mar 23, 2026Hulamin Limited announced that they will report Q4, 2025 results at 7:00 AM, South Africa Standard Time on Mar 23, 2026
Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to R2.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Metals and Mining industry in South Africa. Total loss to shareholders of 20% over the past three years.
分析記事 • Dec 19Does Hulamin (JSE:HLM) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • Dec 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to R2.00, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Metals and Mining industry in South Africa. Total loss to shareholders of 36% over the past three years.
分析記事 • Oct 22Hulamin's (JSE:HLM) Returns Have Hit A WallTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
ナラティブの更新 • Sep 10Wide Can Body Line Ramp-Up Will Capture Beverage Can MarketThe consensus price target for Hulamin has been lowered from ZAR5.30 to ZAR4.10, primarily reflecting reduced future P/E and softer expected revenue growth. What's in the News Hulamin expects a loss per share of 7–9 cents for H1 2025, compared to EPS of 83 cents a year earlier, representing a decline of 109%–111%.
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R2.68, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Metals and Mining industry in South Africa. Total loss to shareholders of 2.5% over the past three years.
New Risk • Sep 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (R845.7m market cap, or US$48.1m).
Reported Earnings • Aug 26First half 2025 earnings released: EPS: R0.14 (vs R0.90 in 1H 2024)First half 2025 results: EPS: R0.14 (down from R0.90 in 1H 2024). Revenue: R7.10b (up 7.8% from 1H 2024). Net income: R42.7m (down 85% from 1H 2024). Profit margin: 0.6% (down from 4.2% in 1H 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Metals and Mining industry in South Africa. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
New Risk • Aug 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (R792.4m market cap, or US$44.9m).
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to R2.41, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Metals and Mining industry in South Africa. Total loss to shareholders of 11% over the past three years.
お知らせ • Jul 28Hulamin Limited to Report First Half, 2025 Results on Aug 25, 2025Hulamin Limited announced that they will report first half, 2025 results on Aug 25, 2025
Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to R2.95, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Metals and Mining industry in South Africa. Total returns to shareholders of 28% over the past three years.
分析記事 • Jul 11Hulamin Limited's (JSE:HLM) Subdued P/E Might Signal An OpportunityHulamin Limited's ( JSE:HLM ) price-to-earnings (or "P/E") ratio of 3.2x might make it look like a strong buy right now...
新しいナラティブ • Jun 22Wide Can Body Expansion Will Tap Sustainable Packaging Demand Strategic expansions and modernization initiatives support volume growth, operational efficiency, and future revenue gains in high-value markets and sustainable sectors.
Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R2.24, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Metals and Mining industry in South Africa. Total loss to shareholders of 55% over the past three years.
分析記事 • May 16Investors Will Want Hulamin's (JSE:HLM) Growth In ROCE To PersistFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Board Change • May 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Paul Baloyi was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Mar 24Why Hulamin's (JSE:HLM) Shaky Earnings Are Just The Beginning Of Its ProblemsThe market wasn't impressed with the soft earnings from Hulamin Limited ( JSE:HLM ) recently. Our analysis has found...
New Risk • Mar 20New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 54% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (R676.6m market cap, or US$37.4m).
分析記事 • Mar 19Hulamin Limited (JSE:HLM) Looks Inexpensive After Falling 31% But Perhaps Not Attractive EnoughTo the annoyance of some shareholders, Hulamin Limited ( JSE:HLM ) shares are down a considerable 31% in the last...
Reported Earnings • Mar 18Full year 2024 earnings released: EPS: R0.80 (vs R0.88 in FY 2023)Full year 2024 results: EPS: R0.80 (down from R0.88 in FY 2023). Revenue: R13.6b (down 1.2% from FY 2023). Net income: R246.3m (down 9.4% from FY 2023). Profit margin: 1.8% (down from 2.0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 17Hulamin Limited, Annual General Meeting, May 22, 2025Hulamin Limited, Annual General Meeting, May 22, 2025. Location: anew hotel, 1 hilton avenue, pietermaritzburg South Africa
お知らせ • Mar 14Hulamin Limited Announces Board ChangesHulamin Limited announced that Mr. Thabo Leeuw, the independent non-executive chairman of Company has intention to retire from the board of directors of Company after serving the Company and its shareholders for 17 years, with effect from 31 August 2025. This is in keeping with the Board's revitalised succession plan. Thabo has been a valuable member of the Board since 2007. During his tenure, his contribution and leadership have been critical to the direction of the Group's business. As Chairman, Thabo has been instrumental in setting Company's strategy, and guiding its management to bring stability to the Company and turn around the business following the operational and performance constraints experienced by the Group in recent years due to an uncertain and challenging macro environment. Mr. Paul Baloyi has been appointed to the Board as an independent non-executive director, with effect from 1 April 2025, and to succeed Thabo as the Chairman of the Board with effect from 1 September 2025. The appointment of Paul was made in accordance with the Company Board policy for the nomination and appointment of directors. A structured handover process from Thabo to Paul, under the oversight of the Nomination and Governance Committee, to ensure continuity and a smooth transition of responsibilities, including institutional knowledge sharing, will commence from 1 April 2025. Paul has been in numerous leadership positions and has over 30 years' experience in the financial services sector. He is a specialist in risk, governance and strategy with significant experience in development finance, enterprise development and institutional capacity building. Paul was previously the Chief Executive Officer and Managing Director of the Development Bank of Southern Africa (DBSA) and the DBSA Development Fund from 2006 to 2013. He was instrumental in significantly increasing the size and scope of the bank's activities both locally and into Africa. Paul further spent 30 years with Standard Bank and Nedbank. His last position at Nedbank was that of Managing Director of Nedbank Africa until 2006, where he established many invaluable business relationships with companies and individuals across the continent. Paul is an entrepreneur and continues to serve as an independent non-executive director on various boards locally and in Africa. He serves as the chairman of ENX Group Ltd. and Momentum Metropolitan Holdings Ltd, and as an independent non-executive director of Bid Corporation Ltd, Alphamin Resources Corp. and Peermont Group Ltd. Paul holds an MBA from Bangor University in the UK, Management of Development, Advanced Management Programme qualification from INSEAD in France, and a Senior Executive Programme qualification from Harvard Business School in the USA.
New Risk • Mar 06New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (R823.8m market cap, or US$44.9m).
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R2.79, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 9x in the Metals and Mining industry in South Africa. Total loss to shareholders of 33% over the past three years.
New Risk • Feb 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (R751.7m market cap, or US$40.8m).
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to R2.67, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 10x in the Metals and Mining industry in South Africa. Total loss to shareholders of 36% over the past three years.
分析記事 • Feb 01We Like These Underlying Return On Capital Trends At Hulamin (JSE:HLM)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
New Risk • Jan 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.2% 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: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (R1.05b market cap, or US$56.5m).
お知らせ • Nov 29Hulamin Limited Announces Changes to the Board and Board CommitteesHulamin Limited announced that Mr. Naran Maharajh has resigned as a non-executive director of Hulamin with effect from 31 December 2024 due to growing demands for his time with regard to other commitments. To fill the vacancies on the board, shareholders are advised that the board of directors of the Company (‘Board’) announced the appointment of Ms. Zanele Monnakgotla, Dr. Andreas Tostmann and Mr. Linda Yanta as independent non-executive directors with effect from 1 December 2024. The appointments were made in accordance with the board policy for the nomination and appointment of directors. Zanele is a board member of Sasol Khanyisa Public, Sasol South Africa, Ecobank Transnational Incorporated, Rand Water and Adowa Properties. She previously served as a board member of amongst others, the Development Bank of South Africa, Philafrica Foods, Small Enterprise Development Agency, National Advisory Council on Innovation and South Africa Bureau of Standards. Zanele has held key senior management roles and was the Head of Innovation and Head of Strategic High Projects at the Industrial Development Corporation. She founded and was the Managing Director of Freewi Technologies. Zanele holds LLB and BCom degrees, as well as a Post Graduate Diploma in Risk Management, a Masters degree in Management of Finance, and an LLM in Tax law. Andreas is the CEO of Lynius GmbH, based in Münich Germany. He has more than 30 years of executive experience in a wide variety of industries, including car and truck manufacturing, aerospace, maritime sector, IT and mechanical engineering. Andreas was appointed as the Managing Director of Volkswagen of South Africa in January 2004 and was awarded an Honorary doctorate by the Nelson Mandela Metropolitan University for the work he undertook, whilst leading Volkswagen of South Africa in promoting economic development, driving industry co-operation and collaboration on an international level and furthering education for engineering students. Andreas was a member of the Volkswagen executive board for Production and CEO of MAN Truck and Bus. He was previously a board member of Sinotruk (Hong Kong), Fraunhofer Austria Research GmbH, MAN Truck & Bus Deutschland GmbH, Rheinmetall MAN Military Vehicles GmbH and VDA Vorstandskreis Nutzfahrzeuge. Andreas holds degrees in Economics and Mechanical Engineering. Linda is a seasoned independent governance consultant. He is a board member of M&G Investment Group (previously Prudential), M&G Life (a subsidiary) and chairs the organisation's group audit, risk and compliance committee. Linda was previously the CFO of Arena Holdings Group and a director in the Corporate Governance Services unit at SNG. He also chaired the board of Trustees of the Anglo Platinum Community Trust and briefly chaired the Rand Water Medical Scheme Audit Committee. Linda has held key senior management roles in finance at Unilever, Eskom, Transnet and National Sorghum Brewery. Linda has a depth of experience in the various aspects of finance and assurance. Linda is a qualified Chartered Accountant (SA). Changes to Board Committees: As a consequence of the above resignation and appointments, the Board committees have been reconstituted as follows: Audit Committee: Naran resigns as a member and chair with effect from 31 December 2024. Linda is appointed as a member with effect from 1 December 2024 and incoming chair with effect from 31 December 2024. Remuneration Committee: Naran resigns as a member with effect from 31 December 2024. Zanele is appointed as a member with effect from 1 December 2024. Risk Committee: Naran resigns as a member with effect from 31 December 2024. Andreas is appointed as a member with effect from 1 December 2024. Linda is appointed as a member with effect from 1 December 2024 Social, Ethics and Sustainability Committee: Zanele is appointed as a member with effect from 1 December 2024. Ms Ayanda Mngadi, the Hulamin Group Executive for Corporate Affairs, resigns as a member with effect from 1 December 2024. Nomination and Governance Committee: Naran resigns as a member with effect from 31 December 2024. Linda is appointed as a member with effect from 31 December 2024.
分析記事 • Aug 25Investors Holding Back On Hulamin Limited (JSE:HLM)With a price-to-earnings (or "P/E") ratio of 4.9x Hulamin Limited ( JSE:HLM ) may be sending bullish signals at the...
Reported Earnings • Aug 23First half 2024 earnings released: EPS: R0.83 (vs R0.95 in 1H 2023)First half 2024 results: EPS: R0.83 (down from R0.95 in 1H 2023). Revenue: R6.97b (down 5.9% from 1H 2023). Net income: R257.0m (down 13% from 1H 2023). Profit margin: 3.7% (down from 4.0% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
New Risk • Aug 21New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 2.9% 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: Minor Risks Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (R1.16b market cap, or US$65.1m).
お知らせ • Aug 06Hulamin Limited to Report Q2, 2024 Results on Aug 19, 2024Hulamin Limited announced that they will report Q2, 2024 results on Aug 19, 2024
分析記事 • Jul 29The Returns At Hulamin (JSE:HLM) Aren't GrowingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
お知らせ • Jul 01+ 1 more updateHulamin Limited Appoints Pravashni Nirghin as Permanent CFOShareholders are referred to the announcement released on SENS on 10 October 2023, relating to changes to the board of directors of the Company and the appointment of an interim Chief Financial Officer. In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the Board of Hulamin Limited announced that, following the conclusion of a comprehensive selection process, Ms. Pravashni Nirghin has been appointed as the permanent CFO and as the executive financial director of Hulamin with effect from 1 July 2024. Pravashni, who has been acting as the interim CFO of Hulamin from 1 December 2023, brings a wealth of experience in financial management and strategic planning, having previously held a senior role at Vodacom. During her tenure as interim CFO, she has gathered a wealth of knowledge on the financial affairs of the Group, assisted in the full acquisition of the company's previously held joint venture and fulfilled her responsibilities in various subcommittee and board meetings. She is skilled in managing overall finance functions, group and statutory financial reporting, financial planning and achieving strategic business objectives in an effective manner.
Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R3.94, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 7x in the Metals and Mining industry in South Africa. Total returns to shareholders of 82% over the past three years.
お知らせ • May 25Hulamin Limited Announces Resignation of Robert Lennart Larson as an Independent Non-Executive Director and Member of the Risk CommitteeHulamin Limited announced that Mr. Robert Lennart Larson ("Robert") has resigned as an independent non-executive director of the Company and as a member of the Risk Committee, with effect from 24 May 2024.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R3.40, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 7x in the Metals and Mining industry in South Africa. Total returns to shareholders of 57% over the past three years.
分析記事 • May 06Insufficient Growth At Hulamin Limited (JSE:HLM) Hampers Share PriceHulamin Limited's ( JSE:HLM ) price-to-earnings (or "P/E") ratio of 3.7x might make it look like a strong buy right now...
Board Change • May 01Insufficient 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. 5 highly experienced directors. CEO & Executive Director Mark Gounder was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Apr 27Hulamin Limited, Annual General Meeting, May 24, 2024Hulamin Limited, Annual General Meeting, May 24, 2024, at 15:00 South Africa Standard Time.
Reported Earnings • Mar 04Full year 2023 earnings releasedFull year 2023 results: Revenue: R13.8b (down 13% from FY 2022). Net income: R271.8m (down 9.3% from FY 2022). Profit margin: 2.0% (up from 1.9% in FY 2022). The increase in margin was driven by lower expenses.
New Risk • Mar 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (R986.6m market cap, or US$51.5m).
お知らせ • Feb 27Hulamin Limited to Report Fiscal Year 2023 Results on Mar 04, 2024Hulamin Limited announced that they will report fiscal year 2023 results at 7:00 AM, South Africa Standard Time on Mar 04, 2024
お知らせ • Oct 11+ 1 more updateHulamin Limited Announces CFO Changes, Effective 1 December 2023The board of Hulamin Limited announced that Mr. Meganathan Gounder (Mark), the current chief financial officer ("CFO") of the Company, has been appointed as the chief executive officer of Hulamin with effect from 1 December 2023. Ms Pravashni Nirghin, currently the Company's Head of Financial Reporting, will be appointed as the interim CFO of the Company with effect from 1 December 2023. Pravashni is an experienced CA(SA) finance professional with over 17 years' experience. She joined Hulamin in 2022 from Vodacom, where she held various key finance positions. She is skilled in managing overall finance functions, group and statutory financial reporting, financial planning and achieving strategic business objectives in an effective manner.
Reported Earnings • Aug 20First half 2023 earnings released: EPS: R0.95 (vs R0.47 in 1H 2022)First half 2023 results: EPS: R0.95 (up from R0.47 in 1H 2022). Revenue: R7.40b (down 7.0% from 1H 2022). Net income: R294.3m (up 103% from 1H 2022). Profit margin: 4.0% (up from 1.8% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.6% 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (R836.3m market cap, or US$43.8m).
お知らせ • Aug 12Hulamin Limited Appoints Lerato Manaka as the Company SecretaryHulamin appointed Lerato Manaka as the Company Secretary with effect from 1 August 2023 at the Board meeting held 11 August 2023. Ms Manaka has over 15 years of governance and company secretarial experience within the JSE-listed environment. She holds the degrees of B.Com Law, LLB and MBA. Luvivi (Pty) Ltd. provides governance services across multiple sectors.
お知らせ • Aug 10Hulamin Limited Provides Earnings Guidance for the Six-Month Period Ended 30 June 2023Hulamin Limited provided earnings guidance for the six-month period ended 30 June 2023. For the period, the company expects Basic earnings per share will increase between 94% and 113% compared to 47 cents achieved for the six-month period ended 30 June 2022 ("H1 2022"), resulting in a range of between 91 cents and 100 cents.
Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to R3.15, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 5x in the Metals and Mining industry in South Africa. Total returns to shareholders of 212% over the past three years.
お知らせ • Aug 05Hulamin Limited to Report First Half, 2023 Results on Aug 14, 2023Hulamin Limited announced that they will report first half, 2023 results on Aug 14, 2023
お知らせ • May 27Hulamin Limited Announces Board ChangesHulamin Limited at the annual general meeting of the Company held on 25 May 2023 approved appointment of VN Khumalo as a member of the Social, Ethics and Sustainability Committee; Appointment of SP Ngwenya as a member of the Social, Ethics and Sustainability Committee; Appointment of BA Mngadi as a member of the Social, Ethics and Sustainability Committee; and Appointment of Dr. B Mehlomakulu as a member of the Social, Ethics and Sustainability Committee.
Reported Earnings • Mar 10Full year 2022 earnings released: EPS: R0.97 (vs R1.92 in FY 2021)Full year 2022 results: EPS: R0.97 (down from R1.92 in FY 2021). Revenue: R15.9b (up 22% from FY 2021). Net income: R299.7m (down 49% from FY 2021). Profit margin: 1.9% (down from 4.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 10Hulamin Limited's (JSE:HLM) Shares Bounce 30% But Its Business Still Trails The MarketHulamin Limited ( JSE:HLM ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R3.20, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 5x in the Metals and Mining industry in South Africa. Total returns to shareholders of 105% over the past three years.
分析記事 • Feb 27Hulamin (JSE:HLM) Shareholders Will Want The ROCE Trajectory To ContinueTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
分析記事 • Aug 02Hulamin (JSE:HLM) Might Have The Makings Of A Multi-BaggerTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Reported Earnings • Apr 04Full year 2021 earnings released: EPS: R1.92 (vs R0.78 loss in FY 2020)Full year 2021 results: EPS: R1.92 (up from R0.78 loss in FY 2020). Revenue: R13.0b (up 52% from FY 2020). Net income: R591.3m (up R830.8m from FY 2020). Profit margin: 4.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 24% share price gain to R3.95, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 5x in the Metals and Mining industry in South Africa. Total loss to shareholders of 18% over the past three years.
Reported Earnings • Apr 17Full year 2020 earnings releasedThe company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: R8.55b (down 20% from FY 2019). Net loss: R230.4m (loss narrowed 81% from FY 2019).
Is New 90 Day High Low • Feb 06New 90-day high: R2.48The company is up 146% from its price of R1.01 on 06 November 2020. The South African market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Dec 17New 90-day high: R1.89The company is up 105% from its price of R0.92 on 18 September 2020. The South African market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Dec 01New 90-day high: R1.49The company is up 38% from its price of R1.08 on 02 September 2020. The South African market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 11% over the same period.
Is New 90 Day High Low • Oct 15New 90-day high: R1.28The company is up 28% from its price of R1.00 on 17 July 2020. The South African market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period.
Reported Earnings • Sep 23First half earnings releasedOver the last 12 months the company has reported total losses of R1.28b, with losses widening by 26% from the prior year. Total revenue was R9.14b over the last 12 months, down 21% from the prior year.
Major Estimate Revision • Sep 20Analysts update estimatesThe 2020 consensus revenue estimate increased from R8.11b to R8.26b. The company's losses in 2020 are expected to worsen with analysts lowering their EPS forecasts from -R0.99 to -R1.10. The Metals and Mining industry in South Africa is expected to see an average net income growth of 120% next year. The consensus price target was lowered from R1.30 to R1.10. Share price is down by 8.0% to R0.92 over the past week.
