Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director John Chiwele was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Mar 05
Copperbelt Energy Corporation Plc, Annual General Meeting, Mar 27, 2026 Copperbelt Energy Corporation Plc, Annual General Meeting, Mar 27, 2026, at 08:30 South Africa Standard Time. Location: and physically at cec ravens country club, Zambia 공시 • Jan 02
Copperbelt Energy Corporation Plc to Report Fiscal Year 2025 Results on Mar 06, 2026 Copperbelt Energy Corporation Plc announced that they will report fiscal year 2025 results on Mar 06, 2026 공시 • Mar 07
Copperbelt Energy Corporation Plc, Annual General Meeting, Mar 28, 2025 Copperbelt Energy Corporation Plc, Annual General Meeting, Mar 28, 2025, at 11:30 South Africa Standard Time. Location: the cec ravens country club corner of, corner of twenty fourth avenue, central street,nkana, east kitwe, Zambia Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to K13.49, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 45x in the Electric Utilities industry in Africa. Total returns to shareholders of 1,374% over the past three years. Reported Earnings • Aug 28
First half 2024 earnings released: EPS: US$0.027 (vs US$0.07 in 1H 2023) First half 2024 results: EPS: US$0.027 (down from US$0.07 in 1H 2023). Revenue: US$227.8m (up 22% from 1H 2023). Net income: US$43.2m (down 62% from 1H 2023). Profit margin: 19% (down from 61% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 111% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Zambian stocks, typically moving 5.5% 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 High level of non-cash earnings (31% accrual ratio). Minor Risks Dividend is not well covered by cash flows (156% cash payout ratio). Share price has been volatile over the past 3 months (5.5% average weekly change). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to K10.00, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 65x in the Electric Utilities industry in Africa. Total returns to shareholders of 1,124% over the past three years. Reported Earnings • Mar 09
Full year 2023 earnings released: EPS: US$0.085 (vs US$0.031 in FY 2022) Full year 2023 results: EPS: US$0.085 (up from US$0.031 in FY 2022). Revenue: US$382.3m (up 2.1% from FY 2022). Net income: US$137.6m (up 171% from FY 2022). Profit margin: 36% (up from 14% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Mar 09
Copperbelt Energy Corporation Plc, Annual General Meeting, Mar 28, 2024 Copperbelt Energy Corporation Plc, Annual General Meeting, Mar 28, 2024, at 08:00 Coordinated Universal Time. New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Zambian stocks, typically moving 2.3% 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 High level of non-cash earnings (34% accrual ratio). Minor Risks Dividend is not well covered by cash flows (122% cash payout ratio). Share price has been volatile over the past 3 months (2.3% average weekly change). 공시 • Jan 02
Copperbelt Energy Corporation Plc to Report First Half, 2024 Results on Aug 26, 2024 Copperbelt Energy Corporation Plc announced that they will report first half, 2024 results on Aug 26, 2024 Upcoming Dividend • Oct 25
Upcoming dividend of K0.66 per share at 8.8% yield Eligible shareholders must have bought the stock before 01 November 2023. Payment date: 06 November 2023. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 8.8%. Within top quartile of Zambian dividend payers (7.7%). Higher than average of industry peers (5.5%). Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to K6.20, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 12x in the Electric Utilities industry globally. Total returns to shareholders of 1,879% over the past three years. Reported Earnings • Aug 30
First half 2023 earnings released: EPS: US$0.07 (vs US$0.019 in 1H 2022) First half 2023 results: EPS: US$0.07 (up from US$0.019 in 1H 2022). Revenue: US$186.6m (up 2.3% from 1H 2022). Net income: US$113.0m (up 274% from 1H 2022). Profit margin: 61% (up from 17% in 1H 2022). The increase in margin was primarily driven by lower expenses. New Risk • Aug 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 155% High level of non-cash earnings (32% accrual ratio). Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to K5.00, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 10x in the Electric Utilities industry in Africa. Total returns to shareholders of 863% over the past three years. 공시 • Jan 04
Copperbelt Energy Corporation Plc to Report First Half, 2023 Results on Aug 26, 2023 Copperbelt Energy Corporation Plc announced that they will report first half, 2023 results on Aug 26, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Non-Executive Chairman of the Board London Mwafulilwa was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 18
Upcoming dividend of K0.50 per share Eligible shareholders must have bought the stock before 25 October 2022. Payment date: 31 October 2022. Payout ratio is a comfortable 35% and the cash payout ratio is 82%. Trailing yield: 9.2%. Lower than top quartile of Zambian dividend payers (11%). Higher than average of industry peers (4.3%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Non-Executive Chairman of the Board London Mwafulilwa was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 07
Copperbelt Energy Corporation Plc, Annual General Meeting, Apr 27, 2022 Copperbelt Energy Corporation Plc, Annual General Meeting, Apr 27, 2022, at 08:00 Coordinated Universal Time. Agenda: To consider and adopt the minutes of the Twenty-Third Annual General Meeting held on 30th April 2021; to receive and adopt the Directors’ Report and the Financial Statements for the year ended 31st December 2021 together with the Report thereon of the auditors; to ratify the dividend payment made on 1st November 2021; to consider and adopt the recommendation for the appointment of the Auditors of the Company and to authorise the Directors to set their remuneration; and to consider other matters. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: US$0.032 (vs US$0.003 in FY 2020) Full year 2021 results: EPS: US$0.032 (up from US$0.003 in FY 2020). Revenue: US$342.5m (down 7.7% from FY 2020). Net income: US$25.8m (up 359% from FY 2020). Profit margin: 7.5% (up from 1.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improved over the past week After last week's 25% share price gain to K3.31, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 14x in the Electric Utilities industry globally. Total returns to shareholders of 348% over the past three years. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 23% share price gain to K2.65, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 14x in the Electric Utilities industry globally. Total returns to shareholders of 299% over the past three years. Upcoming Dividend • Oct 20
Upcoming dividend of K0.37 per share Eligible shareholders must have bought the stock before 27 October 2021. Payment date: 01 November 2021. Trailing yield: 19%. Within top quartile of Zambian dividend payers (9.4%). Higher than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 25% share price gain to K1.75, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 15x in the Electric Utilities industry globally. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$1.02, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 14x in the Electric Utilities industry globally. Total loss to shareholders of 7.8% over the past three years. Is New 90 Day High Low • Feb 17
New 90-day high: K1.25 The company is up 79% from its price of K0.70 on 19 November 2020. The Zambian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day high: K1.11 The company is up 52% from its price of K0.73 on 30 October 2020. The Zambian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: K0.93 The company is up 24% from its price of K0.75 on 04 September 2020. The Zambian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 5.0% over the same period.