Reported Earnings • Feb 06
First half 2026 earnings released: EPS: R1.00 (vs R0.86 in 1H 2025) First half 2026 results: EPS: R1.00 (up from R0.86 in 1H 2025). Revenue: R497.3m (up 8.2% from 1H 2025). Net income: R68.5m (up 16% from 1H 2025). Profit margin: 14% (in line with 1H 2025). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 05
Final dividend increased to R0.29 Dividend of R0.29 is 16% higher than last year. Ex-date: 25th March 2026 Payment date: 30th March 2026 Dividend yield will be 5.1%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Jan 30
Bowler Metcalf Limited to Report First Half, 2026 Results on Feb 03, 2026 Bowler Metcalf Limited announced that they will report first half, 2026 results on Feb 03, 2026 New Risk • Nov 18
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 South African stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (R923.2m market cap, or US$53.7m). Buy Or Sell Opportunity • Nov 17
Now 21% undervalued Over the last 90 days, the stock has risen 19% to R15.50. The fair value is estimated to be R19.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 21%. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to R16.00, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 12x in the Chemicals industry in Africa. Total returns to shareholders of 77% over the past three years. Aankondiging • Nov 04
Bowler Metcalf Limited Approves Appointments to Social and Ethics Committee Bowler Metcalf Limited at its AGM held on November 4, 2025 approved appointment of Ms Sarah Sonnenberg, Mr. Craig MacGillivray and Mr. Paul Sass as member of Social and Ethics Committee. Upcoming Dividend • Oct 15
Upcoming dividend of R0.44 per share Eligible shareholders must have bought the stock before 22 October 2025. Payment date: 27 October 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of South African dividend payers (8.1%). Lower than average of industry peers (7.7%). Declared Dividend • Sep 12
Final dividend increased to R0.44 Dividend of R0.44 is 16% higher than last year. Ex-date: 22nd October 2025 Payment date: 27th October 2025 Dividend yield will be 5.1%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (0.577% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 12
Full year 2025 earnings released: EPS: R1.78 (vs R1.56 in FY 2024) Full year 2025 results: EPS: R1.78 (up from R1.56 in FY 2024). Revenue: R945.9m (up 9.9% from FY 2024). Net income: R121.9m (up 14% from FY 2024). Profit margin: 13% (in line with FY 2024). 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 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 10
Bowler Metcalf Limited, Annual General Meeting, Nov 04, 2025 Bowler Metcalf Limited, Annual General Meeting, Nov 04, 2025. Location: head office of bowler metcalf, 15 harris drive, ottery, 7800, South Africa Aankondiging • Sep 09
Bowler Metcalf Limited Declares Final Gross Cash Dividend for the Year Ended 30 June 2025, Payable to Shareholders on 27 October 2025 Bowler Metcalf Limited announced final gross cash dividend, as defined by the Income Tax Act, of 44.00 cents per share ("cps") for the year ended 30 June 2025 (2024: 37.80 cents per share) has been declared and is payable to shareholders on 27 October 2025. The last day to trade will be 21 October 2025, the ex-date is 22 October 2025 and the record date will be 24 October 2025. Share certificates may not be dematerialised or re-materialised between 22 October 2025 and 24 October 2025, both days inclusive. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Director Debbie Duyn 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. Aankondiging • Aug 27
Bowler Metcalf Limited to Report Fiscal Year 2025 Results on Sep 09, 2025 Bowler Metcalf Limited announced that they will report fiscal year 2025 results Pre-Market on Sep 09, 2025 New Risk • Aug 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (R929.0m market cap, or US$53.3m). Upcoming Dividend • Mar 19
Upcoming dividend of R0.25 per share Eligible shareholders must have bought the stock before 26 March 2025. Payment date: 31 March 2025. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of South African dividend payers (8.4%). Lower than average of industry peers (11%). New Risk • Feb 19
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 South African stocks, typically moving 6.5% 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 (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (R928.3m market cap, or US$50.0m). Reported Earnings • Feb 07
First half 2025 earnings released: EPS: R0.86 (vs R0.73 in 1H 2024) First half 2025 results: EPS: R0.86 (up from R0.73 in 1H 2024). Revenue: R459.4m (up 5.9% from 1H 2024). Net income: R59.3m (up 17% from 1H 2024). Profit margin: 13% (up from 12% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 05
Bowler Metcalf Limited Declares Interim Gross Cash Dividend for the Six Months Ended 31 December 2024, Payable to 31 March 2025 Bowler Metcalf Limited declared An interim gross cash dividend, as defined by the Income Tax Act, of 25.00 cents per share for the six months ended 31 December 2024 (2023: 24.00 cents per share) and is payable to shareholders on 31 March 2025. The last day to trade will be Tuesday, 25 March 2025, the ex- date is 26 March 2025 and the record date will be 28 March 2025. Share certificates may not be de-materialised or re-materialised between 26 March 2025 and 28 March 2025, both days inclusive. The directors confirm that at the date of this report they are satisfied with the solvency and liquidity test. Aankondiging • Jan 31
Bowler Metcalf Limited to Report First Half, 2025 Results on Feb 04, 2025 Bowler Metcalf Limited announced that they will report first half, 2025 results on Feb 04, 2025 Buy Or Sell Opportunity • Jan 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to R12.19. The fair value is estimated to be R15.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.0%. Upcoming Dividend • Oct 16
Upcoming dividend of R0.38 per share Eligible shareholders must have bought the stock before 23 October 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Lower than top quartile of South African dividend payers (7.6%). Lower than average of industry peers (7.4%). Buy Or Sell Opportunity • Oct 03
Now 20% undervalued Over the last 90 days, the stock has risen 10% to R12.14. The fair value is estimated to be R15.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.0%. Buy Or Sell Opportunity • Sep 13
Now 21% undervalued Over the last 90 days, the stock has risen 12% to R12.06. The fair value is estimated to be R15.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.0%. Reported Earnings • Sep 12
Full year 2024 earnings released: EPS: R1.56 (vs R0.99 in FY 2023) Full year 2024 results: EPS: R1.56 (up from R0.99 in FY 2023). Revenue: R860.9m (up 20% from FY 2023). Net income: R107.3m (up 56% from FY 2023). Profit margin: 13% (up from 9.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R13.94, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 10x in the Chemicals industry in Africa. Total returns to shareholders of 73% over the past three years. New Risk • Aug 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 0.08% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (R907.9m market cap, or US$51.3m). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to R13.20, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 10x in the Chemicals industry in Africa. Total returns to shareholders of 68% over the past three years. New Risk • Aug 03
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 South African stocks, typically moving 17% 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 (17% average weekly change). Earnings have declined by 0.08% per year over the past 5 years. Minor Risk Market cap is less than US$100m (R1.35b market cap, or US$74.2m). Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 59% After last week's 59% share price gain to R19.70, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 10x in the Chemicals industry in Africa. Total returns to shareholders of 157% over the past three years. Aankondiging • Jul 27
Bowler Metcalf Limited to Report Fiscal Year 2024 Results on Sep 10, 2024 Bowler Metcalf Limited announced that they will report fiscal year 2024 results on Sep 10, 2024 Upcoming Dividend • Mar 12
Upcoming dividend of R0.24 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 25 March 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of South African dividend payers (8.9%). Lower than average of industry peers (8.5%). Reported Earnings • Feb 09
First half 2024 earnings released: EPS: R0.73 (vs R0.48 in 1H 2023) First half 2024 results: EPS: R0.73 (up from R0.48 in 1H 2023). Revenue: R434.0m (up 21% from 1H 2023). Net income: R50.5m (up 49% from 1H 2023). Profit margin: 12% (up from 9.5% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Feb 08
First half dividend of R0.24 announced Shareholders will receive a dividend of R0.24. Ex-date: 19th March 2024 Payment date: 25th March 2024 Dividend yield will be 4.7%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings have declined by 0.08% 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 0.08% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (R708.4m market cap, or US$37.5m). Aankondiging • Feb 03
Bowler Metcalf Limited to Report First Half, 2024 Results on Feb 06, 2024 Bowler Metcalf Limited announced that they will report first half, 2024 results on Feb 06, 2024 Aankondiging • Jan 23
Bowler Metcalf Limited Provides Earnings Guidance for the Six Months Ended 31 December 2023 Bowler Metcalf Limited provided earnings guidance for the six months ended 31 December 2023. The Company's earnings per share for the interim period ended 31 December 2023 is expected to be between 68.8 cents and 73.3 cents, being between 42.1% and 61.9% higher compared to earnings per share of 48.4 cents for the six months ended 31 December 2022. Similarly, the Company's headline earnings per share for the six months ended 31 December 2023 is expected to be between 68.8 cents and 73.3 cents, being between 42.1% and 61.9% higher compared to headline earnings per share of 48.4 cents for the six months ended 31 December 2022. Upcoming Dividend • Oct 18
Upcoming dividend of R0.25 per share at 3.9% yield Eligible shareholders must have bought the stock before 25 October 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of South African dividend payers (9.6%). Lower than average of industry peers (5.9%). Aankondiging • Sep 06
Bowler Metcalf Limited Declares A Final Gross Cash Dividend for the Year Ended 30 June 2023, Payable on 30 October 2023 Bowler Metcalf Limited announced a final gross cash dividend, as defined by the Income Tax Act, of 24.60 cents per share for the year ended 30 June 2023 (2022: 27.00 cps) has been declared and is payable to shareholders on Monday, 30 October 2023. The last day to trade will be Tuesday, 24 October 2023, the ex-date is Wednesday, 25 October 2023 and the record date will be Friday, 27 October 2023. Share certificates may not be dematerialised or re-materialised between Wednesday, 25 October 2023 and Friday, 27 October 2023, both days inclusive. Reported Earnings • Sep 06
Full year 2023 earnings released: EPS: R0.99 (vs R1.16 in FY 2022) Full year 2023 results: EPS: R0.99 (down from R1.16 in FY 2022). Revenue: R717.0m (up 6.5% from FY 2022). Net income: R68.7m (down 17% from FY 2022). Profit margin: 9.6% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. New Risk • Aug 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Dividend is not well covered by cash flows (96% cash payout ratio). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (R570.5m market cap, or US$30.5m). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R7.52, the stock trades at a trailing P/E ratio of 7.1x. Average forward P/E is 6x in the Chemicals industry in Africa. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R10.00, the stock trades at a trailing P/E ratio of 9.5x. Average forward P/E is 6x in the Chemicals industry in Africa. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R8.01, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 6x in the Chemicals industry in Africa. Total returns to shareholders of 41% over the past three years. Upcoming Dividend • Mar 15
Upcoming dividend of R0.16 per share at 4.6% yield Eligible shareholders must have bought the stock before 22 March 2023. Payment date: 27 March 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Lower than top quartile of South African dividend payers (9.2%). Lower than average of industry peers (6.5%). Reported Earnings • Feb 10
First half 2023 earnings released: EPS: R0.48 (vs R0.59 in 1H 2022) First half 2023 results: EPS: R0.48 (down from R0.59 in 1H 2022). Revenue: R358.3m (up 13% from 1H 2022). Net income: R33.9m (down 20% from 1H 2022). Profit margin: 9.5% (down from 13% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Africa are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 08
Bowler Metcalf Limited Announces Interim Gross Cash Dividend for the Six Months Ended 31 December 2022, Payable on 27 March 2023 Bowler Metcalf Limited announced interim gross cash dividend, as defined by the Income Tax Act, of 15.80 cents per share (cps) for the six months ended 31December 2022 (2021: 19.40 cps) has been declared and is payable to shareholders on 27 March 2023. The last day to trade will be, 20 March 2023, the ex date is 22 March 2023 and the record date will be 24 March 2023. Aankondiging • Feb 04
Bowler Metcalf Limited to Report First Half, 2023 Results on Feb 07, 2023 Bowler Metcalf Limited announced that they will report first half, 2023 results on Feb 07, 2023 Upcoming Dividend • Oct 19
Upcoming dividend of R0.27 per share Eligible shareholders must have bought the stock before 26 October 2022. Payment date: 31 October 2022. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of South African dividend payers (9.1%). Lower than average of industry peers (6.3%). Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to R9.58, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 10x in the Chemicals industry in Africa. Total returns to shareholders of 80% over the past three years. Upcoming Dividend • Mar 16
Upcoming dividend of R0.19 per share Eligible shareholders must have bought the stock before 23 March 2022. Payment date: 28 March 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of South African dividend payers (7.5%). In line with average of industry peers (4.9%). Reported Earnings • Feb 10
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: R0.59 (down from R0.68 in 1H 2021). Revenue: R316.6m (down 4.4% from 1H 2021). Net income: R42.5m (down 13% from 1H 2021). Profit margin: 13% (down from 15% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Aankondiging • Feb 09
Bowler Metcalf Limited Declares Interim Gross Cash Dividend for the Six Months Ended December 31, 2021, Payable on March 28, 2022 Bowler Metcalf Limited declared an interim gross cash dividend of 19.40 cents per share for the six months ended December 31, 2021 and is payable to shareholders on March 28, 2022. The last day to trade will be March 22, 2022, the ex date is March 23, 2022 and the record date will be 25 March 2022. Aankondiging • Feb 05
Bowler Metcalf Limited to Report First Half, 2022 Results on Feb 08, 2022 Bowler Metcalf Limited announced that they will report first half, 2022 results on Feb 08, 2022 Upcoming Dividend • Dec 29
Upcoming dividend of R0.84 per share Eligible shareholders must have bought the stock before 05 January 2022. Payment date: 10 January 2022. Payout ratio is a comfortable 40% and the cash payout ratio is 92%. Trailing yield: 4.3%. Lower than top quartile of South African dividend payers (7.3%). Lower than average of industry peers (5.3%). Aankondiging • Dec 10
Bowler Metcalf Declares Special Cash Dividend, Payable on 10 January 2022 The directors of Bowler Metcalf announced a special cash dividend of 84 cents per share being declared from historical profits. The directors of Bowler Metcalf will continue to assess the best application of its remaining cash on hand in order to further enhance shareholder value. The dividend is payable to shareholders on 10 January 2022. Approval of the Special Dividend by the South African Reserve Bank for foreign shareholders has been obtained. The last day to trade will be Tuesday, 4 January 2022. "Ex" dividend trading begins on 5 January 2022 and the record date will be 7 January 2021. Share certificates may not be dematerialised or re-materialised between 5 January 2022 and 7 January 2022, both days inclusive. Directors confirm that the solvency and liquidity test is satisfied at the date of this announcement. This dividend will be made from income reserves. The gross dividend is 84 cents per share. Dividend Withholding Tax (DWT) is 20%. The net local cash dividend to shareholders liable for DWT will therefore be 67.20 cents per share. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 16% share price gain to R13.00, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 16x in the Chemicals industry in South Africa. Total returns to shareholders of 113% over the past three years. Upcoming Dividend • Oct 13
Upcoming dividend of R0.32 per share Eligible shareholders must have bought the stock before 20 October 2021. Payment date: 25 October 2021. Trailing yield: 5.0%. Lower than top quartile of South African dividend payers (8.1%). In line with average of industry peers (5.1%). Reported Earnings • Sep 08
Full year 2021 earnings released: EPS R1.27 (vs R1.11 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: R635.5m (up 14% from FY 2020). Net income: R91.5m (up 11% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Jul 28
High number of new directors Independent Chairman & Lead Independent Non-Executive Director Michael Brain was the last director to join the board, commencing their role in 2021. Upcoming Dividend • Mar 17
Upcoming Dividend of R0.19 Per Share Will be paid on the 29th of March to those who are registered shareholders by the 24th of March. The trailing yield of 4.5% is below the top quartile of South African dividend payers (8.2%), and is lower than industry peers (5.5%). Reported Earnings • Feb 11
First half 2021 earnings released: EPS R0.68 (vs R0.54 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: R331.0m (up 12% from 1H 2020). Net income: R48.8m (up 14% from 1H 2020). Profit margin: 15% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Feb 05
Bowler Metcalf Limited to Report First Half, 2021 Results on Feb 08, 2021 Bowler Metcalf Limited announced that they will report first half, 2021 results on Feb 08, 2021 Is New 90 Day High Low • Feb 01
New 90-day high: R10.20 The company is up 25% from its price of R8.15 on 03 November 2020. The South African market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 64% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: R10.00 The company is up 25% from its price of R8.00 on 08 September 2020. The South African market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 2.0% over the same period.