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CABL

East African CablesNASE:CABL Stock Report

Market Cap

KSh374.6m

7D

-2.6%

1Y

0.7%

Updated

17 Oct, 2021

Data

Company Financials
CABL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

CABL Overview

East African Cables Limited manufactures and sells electrical cables and conductors in East and Central Africa.

Price History & Performance

Summary of all time highs, changes and price drops for East African Cables
Historical stock prices
Current Share PriceKSh1.48
52 Week HighKSh1.18
52 Week LowKSh1.62
Beta0.57
1 Month Change-6.92%
3 Month Change11.28%
1 Year Change0.68%
3 Year Change-41.96%
5 Year Change-77.23%
Change since IPO-98.71%

Recent News & Updates

Shareholder Returns

CABLKE ElectricalKE Market
7D-2.6%1.8%1.7%
1Y0.7%6.2%30.0%

Return vs Industry: CABL underperformed the KE Electrical industry which returned 6.2% over the past year.

Return vs Market: CABL underperformed the KE Market which returned 30% over the past year.

Price Volatility

Is CABL's price volatile compared to industry and market?
CABL volatility
CABL Beta0.57
Industry Beta0.53
Market Beta1

Stable Share Price: CABL is not significantly more volatile than the rest of KE stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CABL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a207Paul Muigaihttps://www.eacables.com

East African Cables Limited manufactures and sells electrical cables and conductors in East and Central Africa. The company offers utility cables for aerial transmission lines and service drops; house wiring cables for applications in power and lighting circuits; armored and non-armored cables used to distribute electricity through national gridlines from the generation points to the industrial complexes and towns; and automotive cables for manufacturing electrical harnesses, battery cables, and ignition cables. It also provides telecommunication cables used for data, telecommunication, and structured cabling systems; aerial bundled cables and conductors; XLPE insulation cables; and halogen free fire retardant cables.

East African Cables Fundamentals Summary

How do East African Cables's earnings and revenue compare to its market cap?
CABL fundamental statistics
Market CapKSh374.63m
Earnings (TTM)-KSh544.21m
Revenue (TTM)KSh1.80b

0.2x

P/S Ratio

-0.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CABL income statement (TTM)
RevenueKSh1.80b
Cost of RevenueKSh1.37b
Gross ProfitKSh432.06m
ExpensesKSh976.27m
Earnings-KSh544.21m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-2.15
Gross Margin24.00%
Net Profit Margin-30.23%
Debt/Equity Ratio204.9%

How did CABL perform over the long term?

See historical performance and comparison

Valuation

Is East African Cables undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CABL (KES1.48) is trading below our estimate of fair value (KES4.1)

Significantly Below Fair Value: CABL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CABL is unprofitable, so we can't compare its PE Ratio to the African Electrical industry average.

PE vs Market: CABL is unprofitable, so we can't compare its PE Ratio to the KE market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CABL is good value based on its PB Ratio (0.3x) compared to the XF Electrical industry average (1.1x).


Future Growth

How is East African Cables forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.2%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as East African Cables has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has East African Cables performed over the past 5 years?

22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CABL is currently unprofitable.

Growing Profit Margin: CABL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CABL is unprofitable, but has reduced losses over the past 5 years at a rate of 22.1% per year.

Accelerating Growth: Unable to compare CABL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CABL is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (40%).


Return on Equity

High ROE: CABL has a negative Return on Equity (-54.09%), as it is currently unprofitable.


Financial Health

How is East African Cables's financial position?


Financial Position Analysis

Short Term Liabilities: CABL's short term assets (KES1.1B) do not cover its short term liabilities (KES1.5B).

Long Term Liabilities: CABL's short term assets (KES1.1B) do not cover its long term liabilities (KES3.0B).


Debt to Equity History and Analysis

Debt Level: CABL's debt to equity ratio (204.9%) is considered high.

Reducing Debt: CABL's debt to equity ratio has increased from 97.1% to 204.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if CABL has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CABL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is East African Cables's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CABL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CABL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CABL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CABL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CABL is not paying a notable dividend for the KE market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CABL's dividend in 3 years as they are not forecast to pay a notable one for the KE market.


Next Steps

Management

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

4.8yrs

Average board tenure


CEO

Paul Muigai (54 yo)

4.08yrs

Tenure

Mr. Paul Muigai serves as Chief Executive Officer at East African Cables PLC. He had been Acting Chief Executive Officer of East African Cables Limited since September 01, 2017 and served as its Chief Oper...


Board Members

Experienced Board: CABL's board of directors are considered experienced (4.8 years average tenure).


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

East African Cables PLC's employee growth, exchange listings and data sources


Key Information

  • Name: East African Cables PLC
  • Ticker: CABL
  • Exchange: NASE
  • Founded: NaN
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: KSh374.625m
  • Shares outstanding: 253.13m
  • Website: https://www.eacables.com

Number of Employees


Location

  • East African Cables PLC
  • Industrial Area
  • Addis Ababa Road
  • Nairobi
  • 500
  • Kenya

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 14:03
End of Day Share Price2021/10/15 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.