Declared Dividend • Jun 10
Dividend of R0.30 announced Shareholders will receive a dividend of R0.30. Ex-date: 24th June 2026 Payment date: 29th June 2026 Dividend yield will be 79%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 09
Full year 2026 earnings released: EPS: R0.56 (vs R0.32 in FY 2025) Full year 2026 results: EPS: R0.56 (up from R0.32 in FY 2025). Revenue: R10.3b (up 3.9% from FY 2025). Net income: R830.0m (up 78% from FY 2025). Profit margin: 8.1% (up from 4.7% in FY 2025). Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 09
PPC Ltd announces Annual dividend, payable on June 29, 2026 PPC Ltd announced Annual dividend of ZAR 0.3020 per share payable on June 29, 2026, ex-date on June 24, 2026 and record date on June 26, 2026. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. CEO & Executive Director Matias Cardarelli was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 22
PPC Ltd to Report First Half, 2026 Results on Nov 24, 2025 PPC Ltd announced that they will report first half, 2026 results on Nov 24, 2025 Aankondiging • Sep 04
PPC Ltd Announces CH Naude Not to Stand for Re-Election as Non-Executive Director, Chairman of Investment Committee and Member of Reward and Talent Committee The Board of PPC Ltd. announced that Mr. CH Naude, has elected not to stand for re-election as a non-executive director at the AGM and consequently retires by rotation, with effect from 3 September 2025, from the Board and as the chairman of the investment committee and as a member of the reward and talent committee. Aankondiging • Jul 25
PPC Ltd, Annual General Meeting, Sep 03, 2025 PPC Ltd, Annual General Meeting, Sep 03, 2025. Location: at the company`s offices, first floor, 5 parks boulevard, oxford parks, dunkeld, johannesburg, 2196 South Africa Aankondiging • Jun 09
PPC Ltd announces Annual dividend, payable on June 30, 2025 PPC Ltd announced Annual dividend of ZAR 0.1760 per share payable on June 30, 2025, ex-date on June 25, 2025 and record date on June 27, 2025. Aankondiging • May 15
PPC Ltd to Report Q4, 2025 Results on Jun 09, 2025 PPC Ltd announced that they will report Q4, 2025 results on Jun 09, 2025 Aankondiging • Sep 30
PPC Ltd to Report First Half, 2025 Results on Nov 18, 2024 PPC Ltd announced that they will report first half, 2025 results on Nov 18, 2024 Upcoming Dividend • Sep 11
Upcoming dividend of R0.34 per share Eligible shareholders must have bought the stock before 18 September 2024. Payment date: 23 September 2024. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.4%). Aankondiging • Aug 28
PPC Ltd Declares Special Cash Dividend, Payable on September 23, 2024 PPC Ltd.'s board of directors has resolved to declare a special cash dividend, payable in this second quarter of FY2025, from income reserves of 33.5 cents per PPC ordinary share. The Special Dividend has been approved by the Financial Surveillance Department of the South African Reserve Bank as required in terms of the Listings Requirements of the JSE Limited. The gross Special Dividend of 33.5 cents per share from income reserves will be subject to dividend withholding tax at a rate of 20%. Consequently, a net Special Dividend of 26.8 cents per PPC share will be distributed to those shareholders who are not exempt from paying dividend tax. First trading day "ex Special Dividend is September 20, 2024 and payment date is September 23, 2024. Aankondiging • Jul 27
PPC Ltd, Annual General Meeting, Sep 04, 2024 PPC Ltd, Annual General Meeting, Sep 04, 2024. Location: the company`s offices, first floor, 5 parks boulevard, oxford parks, dunkeld, johannesburg 2196 South Africa Upcoming Dividend • Jul 05
Upcoming dividend of R0.14 per share Eligible shareholders must have bought the stock before 10 July 2024. Payment date: 15 July 2024. The company last paid an ordinary dividend in November 2013. The average dividend yield among industry peers is 3.3%. Aankondiging • Jun 24
PPC Ltd Declare Cash Dividend, Payable on 15 July, 2024 PPC Ltd. declared cash dividend from retained earnings. The dividend withholding tax is 20% and a net cash dividend of 10,96 cents per share will be paid to those shareholders who are not exempt from dividend withholding tax. In accordance with the provisions of Strate, the electronic settlement and custody system used by the JSE Limited, the relevant dates for the cash dividend are as follows: Last day to trade "cum cash dividend" is 9 July, 2024. Shares commence trading "ex cash dividend" is 10 July, 2024. Record date is 12 July, 2024. Payment date is 15 July, 2024. Aankondiging • Jun 13
PPC Ltd to Report Fiscal Year 2024 Results on Jun 24, 2024 PPC Ltd announced that they will report fiscal year 2024 results on Jun 24, 2024 New Risk • Jun 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Buy Or Sell Opportunity • Apr 26
Now 21% overvalued Over the last 90 days, the stock has fallen 5.8% to €0.15. The fair value is estimated to be €0.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 25
Now 30% overvalued Over the last 90 days, the stock has fallen 10% to €0.16. The fair value is estimated to be €0.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Feb 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Aankondiging • Jan 18
PPC Ltd Announces Executive Changes PPC Ltd. announced following the appointment of its new CEO, Matias Cardarelli, with effect from 1 December 2023, the board of directors of PPC (Board) has approved a substantially reorganized and strengthened Executive Committee (EXCO) in order to drive improved profitability and a sustainable return on capital for its South African business. The new EXCO includes several new roles aimed at enhancing operational excellence and strategic planning. This includes the appointment of a: Chief Operations Officer (COO) to focus on increasing efficiencies, productivity and cost reduction initiatives; a Chief Strategy Officer (CSO) who will work closely with the Chief Financial Officer (CFO), Brenda Berlin, to implement various profit improvement initiatives, and a Chief Revenue Officer (CRO). The CRO role will be assumed by Mokate Ramafoko, who will be responsible for creating a single revenue engine and boosting the company's top line. Ndima Rawana will continue in his role as Chief Human Resources Officer (CHRO) to oversee the building of a high performing team, and Kevin Ross will join the EXCO as Chief Legal and Compliance Officer and Company Secretary. Consequently, the company announced the recruitment of two new executives, Ernesto Acosta and Paulo Marques, who bring extensive global and South African cement industry experience. Ernesto Acosta, who will be taking on the role of COO, has spent 25 years with global cement company, Intercement, running different cement plants and operations in many regions and countries, most recently as its COO in South Africa. Paulo Marques will serve as CSO, having spent almost 20 years in various planning, control, strategy and finance positions in two international cement companies, Cimpor and Intercement, most recently as CFO in South Africa. Aankondiging • Nov 29
PPC Ltd Announces CEO Changes Shareholders are referred to the announcement released on SENS on 4 September 2023, announcing the appointment of Mr. Matias Cardarelli as Chief Executive Officer of PPC subject to Matias receiving his work permit. The Board is announce that Matias' work permit has been issued and that he will formally take over from Roland van Wijnen with effect from 01 December 2023. The board would like to thank outgoing CEO Roland van Wijnen for his commitment, hard work, and loyalty to PPC, its shareholders, employees, and customers. Reported Earnings • Nov 24
First half 2024 earnings released: EPS: R0.23 (vs R0.025 loss in 1H 2023) First half 2024 results: EPS: R0.23 (up from R0.025 loss in 1H 2023). Revenue: R6.17b (up 21% from 1H 2023). Net income: R357.0m (up R396.0m from 1H 2023). Profit margin: 5.8% (up from net loss in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 05
PPC Ltd Announces Appointment of Matias Cardarelli as Chief Executive Officer Following the leadership update provided in June 2023, the board of directors of PPC Ltd. announced the appointment of Mr. Matias Cardarelli as Chief Executive Officer of PPC. His appointment follows an extensive search for a suitable successor for Mr. Roland van Wijnen, whose contract expired on 31 August 2023 and was extended to 31 December 2023 to facilitate an appropriate handover and transition. Mr. Cardarelli has a remarkable track record in the cement industry, across multiple emerging markets having importantly spent the last five years in South Africa as CEO and Chairman of Natal Portland Cement (NPC) part of Intercement group. During his tenure at NPC he successfully transformed the organisation by improving efficiencies, boosting margins and EBITDA, and increasing cash generation. With this deep understanding of the local industry and his proven leadership skillset, Mr. Cardarelli will play a pivotal role in continuing to drive PPC's growth, improve profitability and enhance returns. Prior to moving to South Africa in 2019 to join NPC, Mr. Cardarelli led the operational and financial turnaround of Amreyah Cement in Egypt and scaling-up of Yguazu Cementos in Paraguay. Following the onset of Covid 19 and the emergence of a new entrant in the Mozambican cement market, Mr. Cardarelli's portfolio was expanded to include Cimentos de Mozambique, where he successfully implemented an operational and commercial plan to return the company to profitability. New Risk • Jul 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% 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 Risk Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). New Risk • Jun 27
New major risk - Revenue and earnings growth Earnings have declined by 8.0% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 8.0% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • Jun 27
Full year 2023 earnings released: R0.16 loss per share (vs R0.045 loss in FY 2022) Full year 2023 results: R0.16 loss per share (further deteriorated from R0.045 loss in FY 2022). Revenue: R9.90b (flat on FY 2022). Net loss: R242.0m (loss widened 246% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Reported Earnings • Nov 23
First half 2023 earnings released: R0.025 loss per share (vs R0.51 profit in 1H 2022) First half 2023 results: R0.025 loss per share (down from R0.51 profit in 1H 2022). Revenue: R5.10b (flat on 1H 2022). Net loss: R39.0m (down 105% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 28
Full year 2022 earnings released: R0.04 loss per share (vs R0.88 profit in FY 2021) Full year 2022 results: R0.04 loss per share (down from R0.88 profit in FY 2021). Revenue: R9.88b (up 11% from FY 2021). Net loss: R70.0m (down 105% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Bjarne Hansen was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 23
CEO & Executive Director recently sold €1.4m worth of stock On the 19th of January, Roland van Wijnen sold around 5m shares on-market at roughly €0.32 per share. This was the largest sale by an insider in the last 3 months. Roland has been a seller over the last 12 months, reducing personal holdings by €1.4m. Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Bjarne Hansen was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Bjarne Hansen was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: R0.63 (up from R0.27 in 1H 2021). Revenue: R5.13b (up 20% from 1H 2021). Net income: R955.0m (up 134% from 1H 2021). Profit margin: 19% (up from 9.6% in 1H 2021). Revenue missed analyst estimates by 6.7%. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Executive Departure • Aug 28
Independent Non Executive Director Todd Moyo has left the company On the 27th of August, Todd Moyo's tenure as Independent Non Executive Director ended after 7.8 years in the role. We don't have any record of a personal shareholding under Todd's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.79 years. Reported Earnings • Jun 22
Full year 2021 earnings released: EPS R0.84 (vs R1.24 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: R8.94b (down 13% from FY 2020). Net income: R1.33b (up R3.20b from FY 2020). Profit margin: 15% (up from net loss in FY 2020). 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 27% per year, which means it has not declined as severely as earnings. Reported Earnings • Dec 11
First half 2021 earnings released: EPS R0.19 The company reported a soft first half result with weaker earnings and profit margins, although revenues were improved. First half 2021 results: Revenue: R5.01b (up 1.2% from 1H 2020). Net income: R287.0m (down 38% from 1H 2020). Profit margin: 5.7% (down from 9.3% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 116% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings. Aankondiging • Jul 24
PPC Ltd to Report Fiscal Year 2020 Results on Aug 31, 2020 PPC Ltd announced that they will report fiscal year 2020 results on Aug 31, 2020 