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TPCC

Tanzania Portland CementDAR:TPCC Stock Report

Market Cap

TSh647.7b

7D

-5.3%

1Y

45.2%

Updated

18 Oct, 2021

Data

Company Financials +
TPCC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends3/6

TPCC Overview

Tanzania Portland Cement Public Limited Company manufactures and sells cement in Tanzania.

Price History & Performance

Summary of all time highs, changes and price drops for Tanzania Portland Cement
Historical stock prices
Current Share PriceTSh3,600.00
52 Week HighTSh2,400.00
52 Week LowTSh3,940.00
Beta-0.17
1 Month Change-5.26%
3 Month Change0%
1 Year Change45.16%
3 Year Change74.76%
5 Year Change57.21%
Change since IPO83.67%

Recent News & Updates

Shareholder Returns

TPCCTZ Basic MaterialsTZ Market
7D-5.3%1.0%-0.3%
1Y45.2%65.2%4.4%

Return vs Industry: TPCC underperformed the TZ Basic Materials industry which returned 65.2% over the past year.

Return vs Market: TPCC exceeded the TZ Market which returned 4.4% over the past year.

Price Volatility

Is TPCC's price volatile compared to industry and market?
TPCC volatility
TPCC Beta-0.17
Industry Beta0.51
Market Beta1

Stable Share Price: TPCC is less volatile than 75% of TZ stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: TPCC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1959257Alfonso Velezhttps://www.twigacement.com

Tanzania Portland Cement Public Limited Company manufactures and sells cement in Tanzania. The company markets its cement under the Twiga Extra, Twiga Jenga, Twiga Plus, and Twiga Ordinary brands. The company was founded in 1959 and is based in Dar es Salaam, Tanzania.

Tanzania Portland Cement Fundamentals Summary

How do Tanzania Portland Cement's earnings and revenue compare to its market cap?
TPCC fundamental statistics
Market CapTSh647.72b
Earnings (TTM)TSh74.68b
Revenue (TTM)TSh393.74b

8.7x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TPCC income statement (TTM)
RevenueTSh393.74b
Cost of RevenueTSh258.42b
Gross ProfitTSh135.32b
ExpensesTSh60.65b
EarningsTSh74.68b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)415.05
Gross Margin34.37%
Net Profit Margin18.97%
Debt/Equity Ratio0.001%

How did TPCC perform over the long term?

See historical performance and comparison

Dividends

10.8%

Current Dividend Yield

94%

Payout Ratio

Valuation

Is Tanzania Portland Cement undervalued compared to its fair value and its price relative to the market?

42.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TPCC (TZS3600) is trading below our estimate of fair value (TZS6307.91)

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


Price To Earnings Ratio

PE vs Industry: TPCC is good value based on its PE Ratio (8.7x) compared to the African Basic Materials industry average (13.7x).

PE vs Market: TPCC is good value based on its PE Ratio (8.7x) compared to the TZ market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: TPCC is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: TPCC is overvalued based on its PB Ratio (2.5x) compared to the XF Basic Materials industry average (1.3x).


Future Growth

How is Tanzania Portland Cement forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPCC's forecast earnings growth (2.3% per year) is below the savings rate (9.1%).

Earnings vs Market: TPCC's earnings (2.3% per year) are forecast to grow slower than the TZ market (12.7% per year).

High Growth Earnings: TPCC's earnings are forecast to grow, but not significantly.

Revenue vs Market: TPCC's revenue (0.8% per year) is forecast to grow slower than the TZ market (6.9% per year).

High Growth Revenue: TPCC's revenue (0.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TPCC's Return on Equity is forecast to be high in 3 years time (29.2%)


Past Performance

How has Tanzania Portland Cement performed over the past 5 years?

7.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPCC has high quality earnings.

Growing Profit Margin: TPCC's current net profit margins (19%) are higher than last year (17.1%).


Past Earnings Growth Analysis

Earnings Trend: TPCC's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: TPCC's earnings growth over the past year (25%) exceeds its 5-year average (7.9% per year).

Earnings vs Industry: TPCC earnings growth over the past year (25%) underperformed the Basic Materials industry 44.8%.


Return on Equity

High ROE: TPCC's Return on Equity (29.3%) is considered high.


Financial Health

How is Tanzania Portland Cement's financial position?


Financial Position Analysis

Short Term Liabilities: TPCC's short term assets (TZS212.4B) exceed its short term liabilities (TZS76.4B).

Long Term Liabilities: TPCC's short term assets (TZS212.4B) exceed its long term liabilities (TZS21.8B).


Debt to Equity History and Analysis

Debt Level: TPCC's debt to equity ratio (0%) is considered satisfactory.

Reducing Debt: TPCC's debt to equity ratio has reduced from 0.1% to 0% over the past 5 years.

Debt Coverage: TPCC's debt is well covered by operating cash flow (1974123.2%).

Interest Coverage: TPCC earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Tanzania Portland Cement current dividend yield, its reliability and sustainability?

10.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TPCC's dividend (10.83%) is higher than the bottom 25% of dividend payers in the TZ market (1.97%).

High Dividend: TPCC's dividend (10.83%) is in the top 25% of dividend payers in the TZ market (8.2%)


Stability and Growth of Payments

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

Growing Dividend: TPCC'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 (94%), TPCC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TPCC's dividends in 3 years are forecast to be covered by earnings (87.6% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Alfonso Velez (52 yo)

5.17yrs

Tenure


Leadership Team

Experienced Management: TPCC's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: TPCC's board of directors are considered experienced (5.3 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

Tanzania Portland Cement Public Limited Company's employee growth, exchange listings and data sources


Key Information

  • Name: Tanzania Portland Cement Public Limited Company
  • Ticker: TPCC
  • Exchange: DAR
  • Founded: 1959
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: TSh647.723b
  • Shares outstanding: 179.92m
  • Website: https://www.twigacement.com

Number of Employees


Location

  • Tanzania Portland Cement Public Limited Company
  • Wazo Hill
  • PO Box 1950
  • Dar es Salaam
  • Tanzania

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:34
End of Day Share Price2021/10/18 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.