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GGBL

Guinness Ghana BreweriesGHSE:GGBL Stock Report

Market Cap

GH₵556.7m

7D

0%

1Y

81.0%

Updated

19 Oct, 2021

Data

Company Financials +
GGBL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends1/6

GGBL Overview

Guinness Ghana Breweries Limited manufactures, sells, and distributes alcoholic and non-alcoholic beverages, and other ancillary products Ghana and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Guinness Ghana Breweries
Historical stock prices
Current Share PriceGH₵1.81
52 Week HighGH₵0
52 Week LowGH₵0
Beta-0.17
1 Month Change9.70%
3 Month Change40.31%
1 Year Change81.00%
3 Year Change-23.63%
5 Year Change7.10%
Change since IPO7,287.76%

Recent News & Updates

Shareholder Returns

GGBLGH BeverageGH Market
7D0%0.3%-0.3%
1Y81.0%23.9%65.7%

Return vs Industry: GGBL exceeded the GH Beverage industry which returned 25% over the past year.

Return vs Market: GGBL exceeded the GH Market which returned 66.7% over the past year.

Price Volatility

Is GGBL's price volatile compared to industry and market?
GGBL volatility
GGBL Beta-0.17
Industry Beta0.68
Market Beta1

Stable Share Price: Insufficient data to determine GGBL's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine GGBL's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a548Helene Elizabeth Weesiehttps://www.diageo.com/en/our-business/where-we-operate/africa/guinness-ghana-breweries-plc

Guinness Ghana Breweries Limited manufactures, sells, and distributes alcoholic and non-alcoholic beverages, and other ancillary products Ghana and internationally. It offers spirits, beers, lagers and stouts, and ready to drink products under the brands, such as Guinness Foreign Extra Stout, Orijin Zero, Ciroc Ultra Premium Vodka, Johnnie Walker Reserve Scotch Whisky, Ron Zacapa Rum, Malta Guinness, Star Lager, Gulder, Alvaro, Ruut Extra, Orijin Bitters, Smirnoff Ice, Smirnoff Double Black Ice, etc. The company is based in Kumasi, Ghana. Guinness Ghana Breweries Limited operates as a subsidiary of Diageo plc.

Guinness Ghana Breweries Fundamentals Summary

How do Guinness Ghana Breweries's earnings and revenue compare to its market cap?
GGBL fundamental statistics
Market CapGH₵556.75m
Earnings (TTM)GH₵71.53m
Revenue (TTM)GH₵1.10b

7.8x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GGBL income statement (TTM)
RevenueGH₵1.10b
Cost of RevenueGH₵786.88m
Gross ProfitGH₵317.56m
ExpensesGH₵246.03m
EarningsGH₵71.53m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin28.75%
Net Profit Margin6.48%
Debt/Equity Ratio37.1%

How did GGBL perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

35%

Payout Ratio

Does GGBL pay a reliable dividends?

See GGBL dividend history and benchmarks
When do you need to buy GGBL by to receive an upcoming dividend?
Guinness Ghana Breweries dividend dates
Ex Dividend DateOct 28 2021
Dividend Pay DateDec 03 2021
Days until Ex dividend7 days
Days until Dividend pay date43 days

Does GGBL pay a reliable dividends?

See GGBL dividend history and benchmarks

Valuation

Is Guinness Ghana Breweries undervalued compared to its fair value and its price relative to the market?

7.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GGBL (GHS1.81) is trading above our estimate of fair value (GHS1.07)

Significantly Below Fair Value: GGBL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GGBL is good value based on its PE Ratio (7.8x) compared to the African Beverage industry average (27.6x).

PE vs Market: GGBL is poor value based on its PE Ratio (7.8x) compared to the GH market (5.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GGBL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GGBL is good value based on its PB Ratio (1.5x) compared to the XF Beverage industry average (2.4x).


Future Growth

How is Guinness Ghana Breweries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

21.5%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GGBL's forecast earnings growth is above the savings rate (9.1%).

Earnings vs Market: Insufficient data to determine if GGBL's earnings are forecast to grow faster than the GH market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if GGBL's revenue is forecast to grow faster than the GH market.

High Growth Revenue: Insufficient data to determine if GGBL's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GGBL's Return on Equity is forecast to be low in 3 years time (18%).


Past Performance

How has Guinness Ghana Breweries performed over the past 5 years?

44.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GGBL has high quality earnings.

Growing Profit Margin: GGBL's current net profit margins (6.5%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: GGBL has become profitable over the past 5 years, growing earnings by 44.8% per year.

Accelerating Growth: GGBL's earnings growth over the past year (488.4%) exceeds its 5-year average (44.8% per year).

Earnings vs Industry: GGBL earnings growth over the past year (488.4%) exceeded the Beverage industry 19.7%.


Return on Equity

High ROE: GGBL's Return on Equity (19.2%) is considered low.


Financial Health

How is Guinness Ghana Breweries's financial position?


Financial Position Analysis

Short Term Liabilities: GGBL's short term assets (GHS298.6M) do not cover its short term liabilities (GHS338.9M).

Long Term Liabilities: GGBL's short term assets (GHS298.6M) exceed its long term liabilities (GHS172.5M).


Debt to Equity History and Analysis

Debt Level: GGBL's debt to equity ratio (37.1%) is considered satisfactory.

Reducing Debt: GGBL's debt to equity ratio has reduced from 41.3% to 37.1% over the past 5 years.

Debt Coverage: GGBL's debt is well covered by operating cash flow (111.6%).

Interest Coverage: GGBL's interest payments on its debt are well covered by EBIT (6.9x coverage).


Balance Sheet


Dividend

What is Guinness Ghana Breweries's current dividend yield, its reliability and sustainability?

4.53%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 20 2021Ex Dividend DateOct 28 2021Dividend Pay DateDec 03 202136 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: GGBL's dividend (4.53%) isn’t notable compared to the bottom 25% of dividend payers in the GH market (4.7%).

High Dividend: GGBL's dividend (4.53%) is low compared to the top 25% of dividend payers in the GH market (8.17%).


Stability and Growth of Payments

Stable Dividend: GGBL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GGBL's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.3%), GGBL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Helene Elizabeth Weesie

1.08yrs

Tenure

Ms. Helene Elizabeth Antoinette Weesie serves as Executive Director at Guinness Ghana Breweries Limited since September 16, 2020 and serves as its Managing Director since September 07, 2020. Ms. Weesie had...


Leadership Team

Experienced Management: GGBL's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: GGBL's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Guinness Ghana Breweries Limited's employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • Guinness Ghana Breweries Limited
  • Industrial Area
  • Kaasi
  • Kumasi
  • Ghana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 17:03
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.