DashboardPortfoliosWatchlistCommunityDiscoverScreener
NOT FOR DISTRIBUTION
Loading...
  • Stocks
  • /
  • Materials
Updated 1m ago
HLM logo

Hulamin LimitedJSE:HLM Stock Report

Market Cap R758.0m
Updated 1m ago
Share Price
n/a
1Y-10.4%
7D-0.8%
1D0%
Portfolio Value
​
View

Hulamin Limited

JSE:HLM Stock Report

Market Cap: R758.0m

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Hulamin (HLM) Stock Overview

Engages in the manufacture and supply of fabricated and rolled semi-finished aluminum products in South Africa, North America, Europe, Asia, the Middle East, Australasia, South America, and rest of Africa. More details

HLM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance4/6
Financial Health2/6
Dividends0/6

Rewards

Price-To-Earnings ratio (5.6x) is below the ZA market (8.4x)

Earnings are forecast to grow 19.32% per year

Earnings grew by 150.2% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Does not have a meaningful market cap (ZAR758M)


HLM Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
36.3% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

Wide Can Body Line Ramp-Up Will Capture Beverage Can Market

97
0
4

Top Analyst Narratives

HLM logo
Hulamin
36.3% undervalued intrinsic discount

Wide Can Body Line Ramp-Up Will Capture Beverage Can Market

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 4 Aug
Read Narrative
View all narratives

Hulamin Limited Competitors

Wesizwe Platinum

Symbol: JSE:WEZ
Market cap: R700.0m

Transpaco

Symbol: JSE:TPC
Market cap: R1.3b

York Timber Holdings

Symbol: JSE:YRK
Market cap: R1.1b

Bowler Metcalf

Symbol: JSE:BCF
Market cap: R957.4m

Price History & Performance

Summary of share price highs, lows and changes for Hulamin
Historical stock prices
Current Share PriceR2.42
52 Week HighR2.70
52 Week LowR1.51
Beta0.093
1 Month Change18.05%
3 Month Change39.08%
1 Year Change-10.37%
3 Year Change-20.39%
5 Year Change0%
Change since IPO-92.44%

Recent News & Updates

User avatar
Narrative Update • Aug 04

HLM: Higher Margin And P/E Assumptions Will Support Prospective Upside

Analysts have raised their Hulamin fair value estimate from ZAR3.20 to ZAR3.80, pointing to slightly adjusted assumptions on revenue growth, profit margins and future P/E as the key drivers of the new price target. What's in the News There are currently no recent Hulamin specific news items or key developments provided in the available sources as of 29 Jul 2026.

Recent updates

User avatar
Narrative Update • Aug 04

HLM: Higher Margin And P/E Assumptions Will Support Prospective Upside

Analysts have raised their Hulamin fair value estimate from ZAR3.20 to ZAR3.80, pointing to slightly adjusted assumptions on revenue growth, profit margins and future P/E as the key drivers of the new price target. What's in the News There are currently no recent Hulamin specific news items or key developments provided in the available sources as of 29 Jul 2026.
User avatar
Narrative Update • Jun 24

HLM: Steady Assumptions And Loss Guidance Will Support Prospective Upside

Analysts have kept their Hulamin price target steady at ZAR3.20, citing largely unchanged assumptions around fair value, discount rate, revenue growth, profit margin and future P/E multiples. What's in the News No recent Hulamin specific news items or key developments have been provided in the available sources.
User avatar
Narrative Update • Jun 05

HLM: Narrowing 2025 Loss Guidance Will Support Prospective Upside

Analysts have maintained their ZAR fair value estimate for Hulamin, reflecting only minor adjustments to assumptions on discount rate, revenue growth, profit margin and future P/E that do not materially alter their overall view on the stock. What's in the News Hulamin issued earnings guidance for the year ending 31 December 2025, indicating an expected loss per share in a range of 43 cents to 53 cents, compared with 93 cents in the prior year.
User avatar
Narrative Update • Apr 25

HLM: Earnings Guidance And Marginally Improved Margins Will Support Future Upside

Analysts have kept their ZAR price target for Hulamin effectively unchanged, citing steady fair value assumptions, an unchanged 26.05% discount rate, very large modelled revenue growth, and a marginally improved profit margin and future P/E input. What's in the News Hulamin issued earnings guidance for the year ending 31 December 2025, giving investors an early view of expected financial results.
User avatar
Narrative Update • Apr 11

HLM: Earnings Guidance And Margin Assumptions Will Drive Future Upside Potential

Analysts have adjusted their price target on Hulamin to reflect updated fair value assumptions. The move is framed by changes in discount rates, revenue growth expectations, profit margin forecasts, and future P/E inputs in their models.
Analysis Article • Dec 19

Does Hulamin (JSE:HLM) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Oct 22

Hulamin's (JSE:HLM) Returns Have Hit A Wall

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
User avatar
Narrative Update • Sep 10

Wide Can Body Line Ramp-Up Will Capture Beverage Can Market

The consensus price target for Hulamin has been lowered from ZAR5.30 to ZAR4.10, primarily reflecting reduced future P/E and softer expected revenue growth. What's in the News Hulamin expects a loss per share of 7–9 cents for H1 2025, compared to EPS of 83 cents a year earlier, representing a decline of 109%–111%.
Analysis Article • Jul 11

Hulamin Limited's (JSE:HLM) Subdued P/E Might Signal An Opportunity

Hulamin Limited's ( JSE:HLM ) price-to-earnings (or "P/E") ratio of 3.2x might make it look like a strong buy right now...
User avatar
New Narrative • Jun 22

Wide Can Body Expansion Will Tap Sustainable Packaging Demand

Strategic expansions and modernization initiatives support volume growth, operational efficiency, and future revenue gains in high-value markets and sustainable sectors.
Analysis Article • May 16

Investors Will Want Hulamin's (JSE:HLM) Growth In ROCE To Persist

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Mar 24

Why Hulamin's (JSE:HLM) Shaky Earnings Are Just The Beginning Of Its Problems

The market wasn't impressed with the soft earnings from Hulamin Limited ( JSE:HLM ) recently. Our analysis has found...
Analysis Article • Mar 19

Hulamin Limited (JSE:HLM) Looks Inexpensive After Falling 31% But Perhaps Not Attractive Enough

To the annoyance of some shareholders, Hulamin Limited ( JSE:HLM ) shares are down a considerable 31% in the last...
Analysis Article • Feb 01

We Like These Underlying Return On Capital Trends At Hulamin (JSE:HLM)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Analysis Article • Aug 25

Investors Holding Back On Hulamin Limited (JSE:HLM)

With a price-to-earnings (or "P/E") ratio of 4.9x Hulamin Limited ( JSE:HLM ) may be sending bullish signals at the...
Analysis Article • Jul 29

The Returns At Hulamin (JSE:HLM) Aren't Growing

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • May 06

Insufficient Growth At Hulamin Limited (JSE:HLM) Hampers Share Price

Hulamin Limited's ( JSE:HLM ) price-to-earnings (or "P/E") ratio of 3.7x might make it look like a strong buy right now...
Analysis Article • Mar 10

Hulamin Limited's (JSE:HLM) Shares Bounce 30% But Its Business Still Trails The Market

Hulamin Limited ( JSE:HLM ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...
Analysis Article • Feb 27

Hulamin (JSE:HLM) Shareholders Will Want The ROCE Trajectory To Continue

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Analysis Article • Aug 02

Hulamin (JSE:HLM) Might Have The Makings Of A Multi-Bagger

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...

Shareholder Returns

HLMZA Metals and MiningZA Market
7D-0.8%-0.8%-1.2%
1Y-10.4%22.2%9.0%

Return vs Industry: HLM underperformed the ZA Metals and Mining industry which returned 24.4% over the past year.

Return vs Market: HLM underperformed the ZA Market which returned 10.6% over the past year.

Price Volatility

Is HLM's price volatile compared to industry and market?
HLM volatility
HLM Average Weekly Movement6.6%
Metals and Mining Industry Average Movement8.3%
Market Average Movement4.5%
10% most volatile stocks in ZA Market11.2%
10% least volatile stocks in ZA Market2.6%

Stable Share Price: HLM has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: HLM's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1935n/aMark Gounderwww.hulamin.com

Hulamin Limited engages in the manufacture and supply of fabricated and rolled semi-finished aluminum products in South Africa, North America, Europe, Asia, the Middle East, Australasia, South America, and rest of Africa. It offers aluminum products, including can stocks, foil, plates, smelter busbar plates and flexes, flat rolled sheets, coils, and tread sheets, as well as aluminum foil containers and aluminum for automotive heat exchange products. The company is also involved in property rental activities.

Hulamin Limited Fundamentals Summary

How do Hulamin's earnings and revenue compare to its market cap?
HLM fundamental statistics
Market capR757.99m
Earnings (TTM)R134.23m
Revenue (TTM)R13.18b
5.6x
P/E Ratio
0.1x
P/S Ratio

Is HLM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HLM income statement (TTM)
RevenueR13.18b
Cost of RevenueR11.89b
Gross ProfitR1.29b
Other ExpensesR1.16b
EarningsR134.23m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.43
Gross Margin9.79%
Net Profit Margin1.02%
Debt/Equity Ratio47.4%

How did HLM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 08:06
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hulamin Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rowan GoellerChronux Research

Make Better Investing Decisions Anywhere

Scan to download
Open AppStoreOpen Google Play
Chrome Web Store
Level 5, 320 Pitt Street, Sydney
Financial Data provided by S&P Global Market Intelligence LLC, analysis provided by Simply Wall Street Pty Ltd. Copyright © 2026, S&P Global Market Intelligence LLC. All rights reserved.
View Data Sources
Markets
  • US: NYSE & NASDAQ
  • UK: FTSE
  • Australia: ASX
  • India: NIFTY
  • Canada: TSX
  • South Africa: JSE
  • Japan: NIKKEI
  • South Korea: KOSPI
  • Germany: DAX
Investing Ideas
  • Undervalued Companies
  • Dividend Powerhouses
  • Insider Buying
  • Nuclear Energy
  • Autonomous Vehicles
  • Artificial Intelligence
  • Crypto and Blockchain
  • Cybersecurity
  • More ideas
Stock Communities
  • AstraZeneca
  • HSBC Holdings
  • Shell
  • Unilever
  • Diageo
  • Rio Tinto Group
  • RELX
  • BP
  • Barclays
Features & Tools
  • Portfolio Tracker
  • Stock Screener & Alerts
  • Narratives & Fair Values
  • Dividend Calculator
News & Discovery
  • Latest Stock News
  • Global Market Insights
  • The Foxhole
  • Investing Ideas
  • Community Narratives
  • What's New
Simply Wall St
  • Plans & Pricing
  • Advertising
  • About Us
  • Contact Us
  • Careers
  • Help Center
  • Learn Stock Investing
  • Affiliate Program
  • Business & Enterprise
  • Charlie AI
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.
© 2026 Simply Wall Street Pty Ltd, US Design Patent #29/544/281, Community and European Design Registration #2845206
  • Terms and Conditions
  • Privacy Policy
  • AI Terms
  • Financial Services Guide