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PCL

PressMAL:PCL Stock Report

Market Cap

MK179.8b

7D

-0.001%

1Y

11.2%

Updated

17 Oct, 2021

Data

Company Financials
PCL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends1/6

PCL Overview

Press Corporation plc, together with its subsidiaries, operates in the financial services, telecommunications, energy, retail, consumer products, and real estate sectors in Malawi.

Price History & Performance

Summary of all time highs, changes and price drops for Press
Historical stock prices
Current Share PriceMK1,494.96
52 Week HighMK0
52 Week LowMK0
Beta3.98
1 Month Change-0.001%
3 Month Change24.59%
1 Year Change11.23%
3 Year Change42.48%
5 Year Change179.43%
Change since IPO744.61%

Recent News & Updates

Shareholder Returns

PCLMW IndustrialsMW Market
7D-0.001%1.2%-0.4%
1Y11.2%46.2%29.0%

Return vs Industry: PCL underperformed the MW Industrials industry which returned 46.2% over the past year.

Return vs Market: PCL underperformed the MW Market which returned 29% over the past year.

Price Volatility

Is PCL's price volatile compared to industry and market?
PCL volatility
PCL Beta3.98
Industry Beta0.82
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1961n/aGeorge Partridgehttps://www.presscorp.com

Press Corporation plc, together with its subsidiaries, operates in the financial services, telecommunications, energy, retail, consumer products, and real estate sectors in Malawi. The company operates through five segments: Financial Services, Telecommunications, Energy, Consumer Goods, and All Other. It offers a range of information and communications technology based products and services, including voice, automatic credit loading, toll free, data and Internet, WebHOST, and BusinessMAIL services to residential and business customers, as well as operates 2G, 3G, and 4G network enabling broadband multimedia services, and prepaid and postpaid services; and commercial banking products and services for corporate and institutional customers through a network of approximately 29 service centers and 60 auto teller machines, as well as provides retail and corporate banking, investment banking, stockbroking, insurance, and pension administration services.

Press Fundamentals Summary

How do Press's earnings and revenue compare to its market cap?
PCL fundamental statistics
Market CapMK179.78b
Earnings (TTM)MK3.56b
Revenue (TTM)MK219.51b

50.5x

P/E Ratio

0.8x

P/S Ratio


Dividends

2.1%

Current Dividend Yield

105%

Payout Ratio

Valuation

Is Press 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: PCL (MWK1494.96) is trading below our estimate of fair value (MWK30549.45)

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


Price To Earnings Ratio

PE vs Industry: PCL is poor value based on its PE Ratio (50.5x) compared to the African Industrials industry average (13.6x).

PE vs Market: PCL is poor value based on its PE Ratio (50.5x) compared to the MW market (12.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PCL is overvalued based on its PB Ratio (1.1x) compared to the XF Industrials industry average (0.9x).


Future Growth

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

21.5%

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 Press 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 Press performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PCL has high quality earnings.

Growing Profit Margin: PCL's current net profit margins (1.6%) are lower than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: PCL's earnings have grown by 4.4% per year over the past 5 years.

Accelerating Growth: PCL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PCL had negative earnings growth (-51.3%) over the past year, making it difficult to compare to the Industrials industry average (35.6%).


Return on Equity

High ROE: PCL's Return on Equity (8.2%) is considered low.


Financial Health

How is Press's financial position?


Financial Position Analysis

Short Term Liabilities: PCL's short term assets (MWK320.5B) do not cover its short term liabilities (MWK514.2B).

Long Term Liabilities: PCL's short term assets (MWK320.5B) exceed its long term liabilities (MWK55.1B).


Debt to Equity History and Analysis

Debt Level: PCL's debt to equity ratio (33.1%) is considered satisfactory.

Reducing Debt: PCL's debt to equity ratio has reduced from 37% to 33.1% over the past 5 years.

Debt Coverage: PCL's debt is well covered by operating cash flow (91.6%).

Interest Coverage: PCL's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


Dividend

What is Press's current dividend yield, its reliability and sustainability?

2.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PCL's dividend (2.07%) is higher than the bottom 25% of dividend payers in the MW market (1.43%).

High Dividend: PCL's dividend (2.07%) is low compared to the top 25% of dividend payers in the MW market (4.81%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PCL has been paying a dividend for less than 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (104.6%), PCL's dividend payments are not 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?

7.5yrs

Average management tenure


CEO

George Partridge (58 yo)

4.92yrs

Tenure

Dr. George B. Partridge, B.Soc.Sc, (Econ), MSc (Finance), FCCA, CA (M), Ph D, has been Director at Sunbird Tourism Ltd. since May 2018 and has been its Chairman since October 9, 2020.He has been Group Chi...


Leadership Team

Experienced Management: PCL's management team is seasoned and experienced (7.5 years average tenure).


Board Members

Experienced Board: PCL's board of directors are not considered experienced ( 2.3 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

Press Corporation plc's employee growth, exchange listings and data sources


Key Information

  • Name: Press Corporation plc
  • Ticker: PCL
  • Exchange: MAL
  • Founded: 1961
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: MK179.777b
  • Shares outstanding: 120.26m
  • Website: https://www.presscorp.com

Location

  • Press Corporation plc
  • NBM Top Mandala House
  • Kaohsiung Road
  • Blantyre
  • Malawi

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 17:05
End of Day Share Price2021/10/12 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.