View Financial HealthSappi 배당 및 자사주 매입배당 기준 점검 0/6Sappi 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률12.9%배당 성장률0.9%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향88%최근 배당 및 자사주 매입 업데이트Declared 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.공시 • 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.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%).모든 업데이트 보기Recent 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.공시 • 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, 2026공시 • 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 Africa공시 • 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, 2026공시 • 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, 2025공시 • 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.공시 • 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, 2025공시 • 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.공시 • 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, 2024공시 • 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).공시 • 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.공시 • Nov 11Sappi Limited, Annual General Meeting, Feb 07, 2024Sappi Limited, Annual General Meeting, Feb 07, 2024.공시 • 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.공시 • 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.공시 • 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.공시 • 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).공시 • 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, 2023공시 • 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.공시 • 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.공시 • 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, 2023공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2021공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2020지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 SPI 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: SPI 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Sappi 배당 수익률 vs 시장SPI의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (SPI)n/a시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.5%업계 평균 (Forestry)4.0%분석가 예측 (SPI) (최대 3년)12.9%주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 SPI 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 SPI 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: SPI German 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: SPI 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 18:57종가2026/05/22 00:00수익2026/03/31연간 수익2025/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Sappi Limited는 15명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sean UngererArqaam Capital Research Offshore S.A.L.Caroline LearmonthBarclaysStephen AtkinsonBMO Capital Markets Equity Research12명의 분석가 더 보기
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.
공시 • 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.
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%).
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.
공시 • 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
공시 • 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
공시 • 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
공시 • 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
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
공시 • 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).
공시 • 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.
공시 • Nov 11Sappi Limited, Annual General Meeting, Feb 07, 2024Sappi Limited, Annual General Meeting, Feb 07, 2024.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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