| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
PPC Stock Overview
PPC Ltd, together with its subsidiaries, manufactures, distributes, and supplies cement, aggregates, ready mix concrete, lime and limestone, and fly ash products in South Africa, Botswana, Mozambique, Zimbabwe, and Rwanda.
PPC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R4.35 |
| 52 Week High | R5.91 |
| 52 Week Low | R1.48 |
| Beta | 0.71 |
| 1 Month Change | -14.37% |
| 3 Month Change | -20.04% |
| 1 Year Change | 180.64% |
| 3 Year Change | -19.89% |
| 5 Year Change | -36.50% |
| Change since IPO | 8.75% |
Recent News & Updates
Shareholder Returns
| PPC | ZA Basic Materials | ZA Market | |
|---|---|---|---|
| 7D | -19.4% | 1.5% | -1.7% |
| 1Y | 180.6% | 15.2% | 10.4% |
Return vs Industry: PPC exceeded the ZA Basic Materials industry which returned 16.1% over the past year.
Return vs Market: PPC exceeded the ZA Market which returned 9.3% over the past year.
Price Volatility
| PPC volatility | |
|---|---|
| PPC Average Weekly Movement | 7.1% |
| Basic Materials Industry Average Movement | 5.0% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in ZA Market | 11.4% |
| 10% least volatile stocks in ZA Market | 3.3% |
Stable Share Price: PPC is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PPC's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1892 | n/a | Roland van Wijnen | https://www.ppc.co.za |
PPC Ltd, together with its subsidiaries, manufactures, distributes, and supplies cement, aggregates, ready mix concrete, lime and limestone, and fly ash products in South Africa, Botswana, Mozambique, Zimbabwe, and Rwanda. It also offers stone, sand, road layer materials, burnt dolomite, dry mortar mix, and special aggregate-related products. The company was formerly known as Pretoria Portland Cement Company Limited and changed its name to PPC Ltd in October 2012.
PPC Fundamentals Summary
| PPC fundamental statistics | |
|---|---|
| Market Cap | R6.55b |
| Earnings (TTM) | R1.88b |
| Revenue (TTM) | R9.80b |
3.5x
P/E Ratio0.7x
P/S RatioIs PPC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PPC income statement (TTM) | |
|---|---|
| Revenue | R9.80b |
| Cost of Revenue | R7.64b |
| Gross Profit | R2.16b |
| Expenses | R281.00m |
| Earnings | R1.88b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.25 |
| Gross Margin | 22.02% |
| Net Profit Margin | 19.15% |
| Debt/Equity Ratio | 30.2% |
How did PPC perform over the long term?
See historical performance and comparisonValuation
Is PPC 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: PPC (ZAR4.35) is trading below our estimate of fair value (ZAR12.68)
Significantly Below Fair Value: PPC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PPC is good value based on its PE Ratio (3.5x) compared to the African Basic Materials industry average (11.2x).
PE vs Market: PPC is good value based on its PE Ratio (3.5x) compared to the ZA market (10.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PPC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PPC is good value based on its PB Ratio (0.8x) compared to the XF Basic Materials industry average (1.6x).
Future Growth
How is PPC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
6.3%
Forecasted Materials 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 PPC 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 PPC performed over the past 5 years?
52.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPC has a large one-off gain of ZAR1.5B impacting its September 30 2021 financial results.
Growing Profit Margin: PPC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PPC's earnings have grown significantly by 52.3% per year over the past 5 years.
Accelerating Growth: PPC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PPC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Basic Materials industry (54.2%).
Return on Equity
High ROE: PPC's Return on Equity (20.8%) is considered high.
Financial Health
How is PPC's financial position?
Financial Position Analysis
Short Term Liabilities: PPC's short term assets (ZAR5.7B) do not cover its short term liabilities (ZAR5.8B).
Long Term Liabilities: PPC's short term assets (ZAR5.7B) exceed its long term liabilities (ZAR3.1B).
Debt to Equity History and Analysis
Debt Level: PPC's net debt to equity ratio (22.2%) is considered satisfactory.
Reducing Debt: PPC's debt to equity ratio has reduced from 158.2% to 30.2% over the past 5 years.
Debt Coverage: PPC's debt is well covered by operating cash flow (56.6%).
Interest Coverage: PPC's interest payments on its debt are well covered by EBIT (5.9x coverage).
Balance Sheet
Dividend
What is PPC current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PPC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PPC'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 PPC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PPC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PPC is not paying a notable dividend for the ZA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PPC's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Roland van Wijnen (50 yo)
2.25yrs
Tenure
R30,321,000
Compensation
Mr. Roland van Wijnen has been Chief Executive Officer of PPC Ltd since October 1, 2019 and has been its Executive Director since October 2019. He held various senior leadership and Chief Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Roland's total compensation ($USD1.99M) is above average for companies of similar size in the ZA market ($USD715.09K).
Compensation vs Earnings: Roland's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PPC's management team is seasoned and experienced (5.2 years average tenure).
Board Members
Experienced Board: PPC's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PPC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PPC Ltd's employee growth, exchange listings and data sources
Key Information
- Name: PPC Ltd
- Ticker: PPC
- Exchange: JSE
- Founded: 1892
- Industry: Construction Materials
- Sector: Materials
- Implied Market Cap: R6.555b
- Shares outstanding: 1.51b
- Website: https://www.ppc.co.za
Number of Employees
Location
- PPC Ltd
- 148 Katherine Street
- Cnr Grayston Drive
- Johannesburg
- Gauteng
- 2146
- South Africa
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/25 21:36 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/03/31 |
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.