Market Cap
R1.2b
Last Updated
2020/12/01 17:01 UTC
Data Sources
Company Financials
Executive Summary
PPC Ltd, together with its subsidiaries, manufactures and supplies cement, aggregates, readymix, lime and limestone, and fly ash products in South Africa, Botswana, Mozambique, Zimbabwe, Rwanda, and the Democratic Republic of the Congo. More Details
Risk Analysis
+ 1 more risk
Snowflake Analysis
Imperfect balance sheet and overvalued.
Similar Companies
Share Price & News
How has PPC's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PPC is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: PPC's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of ZA stocks.
Market Performance
7 Day Return
-6.2%
PPC
0.6%
ZA Basic Materials
-0.2%
ZA Market
1 Year Return
-74.8%
PPC
16.0%
ZA Basic Materials
-5.3%
ZA Market
Return vs Industry: PPC underperformed the ZA Basic Materials industry which returned 15% over the past year.
Return vs Market: PPC underperformed the ZA Market which returned -4% over the past year.
Shareholder returns
| PPC | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.2% | 0.6% | -0.2% |
| 30 Day | 43.4% | 18.3% | 8.2% |
| 90 Day | -7.3% | 31.9% | 4.0% |
| 1 Year | -74.8%-74.8% | 24.4%16.0% | 0.5%-5.3% |
| 3 Year | -89.2%-89.2% | -10.6%-24.7% | -2.0%-22.3% |
| 5 Year | -91.8%-94.6% | 15.3%-15.2% | 29.1%-7.6% |
Long-Term Price Volatility Vs. Market
How volatile is PPC's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Did PPC Ltd (JSE:PPC) Insiders Sell Shares?6 months ago | Simply Wall St
PPC (JSE:PPC) Seems To Be Using An Awful Lot Of Debt7 months ago | Simply Wall St
Have Insiders Been Selling PPC Ltd (JSE:PPC) Shares?Valuation
Is PPC undervalued compared to its fair value and its price relative to the market?
0.15x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PPC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PPC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PPC is unprofitable, so we can't compare its PE Ratio to the XF Basic Materials industry average.
PE vs Market: PPC is unprofitable, so we can't compare its PE Ratio to the ZA market.
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 (0.1x) compared to the XF Basic Materials industry average (0.7x).
Next Steps
Future Growth
How is PPC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
8.9%
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.
Next Steps
- Take a look at our analysis of PPC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Explore growth companies in the Materials industry.
Past Performance
How has PPC performed over the past 5 years?
-66.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPC is currently unprofitable.
Growing Profit Margin: PPC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PPC is unprofitable, and losses have increased over the past 5 years at a rate of 66.7% per year.
Accelerating Growth: Unable to compare PPC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PPC is unprofitable, making it difficult to compare its past year earnings growth to the Basic Materials industry (-7.9%).
Return on Equity
High ROE: PPC has a negative Return on Equity (-31.62%), as it is currently unprofitable.
Next Steps
Financial Health
How is PPC's financial position?
Financial Position Analysis
Short Term Liabilities: PPC's short term assets (ZAR3.4B) do not cover its short term liabilities (ZAR6.9B).
Long Term Liabilities: PPC's short term assets (ZAR3.4B) exceed its long term liabilities (ZAR2.6B).
Debt to Equity History and Analysis
Debt Level: PPC's debt to equity ratio (77.1%) is considered high.
Reducing Debt: PPC's debt to equity ratio has reduced from 252.9% to 77.1% over the past 5 years.
Debt Coverage: PPC's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: PPC is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
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?
2.8yrs
Average management tenure
CEO
Roland Wijnen
1.08yrs
Tenure
R10,429,000
Compensation
Mr. Roland Van Wijnen has been Chief Executive Officer of PPC Ltd since October 1, 2019 and also it's Director since 2019. He held various senior leadership and CEO roles across the Holcim group over a 17-...
CEO Compensation Analysis
Compensation vs Market: Roland's total compensation ($USD674.28K) is above average for companies of similar size in the ZA market ($USD309.63K).
Compensation vs Earnings: Insufficient data to compare Roland's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.08yrs | R10.43m | 0.28% ZAR 3.4m | |
| CFO & Executive Director | 1yr | R4.69m | no data | |
| Group Human Resources Executive | 3.08yrs | R3.00m | no data | |
| Consultant | 1.08yrs | R10.58m | 0% ZAR 0 | |
| Managing Director of SA Cement & Materials | 5yrs | R5.42m | 0% ZAR 0 | |
| Executive Director | 2.67yrs | R546.00k | no data | |
| Managing Director of Rest of Africa Cement | 2.75yrs | R4.53m | 0% ZAR 0 | |
| Technical Executive | 4.67yrs | R208.00k | no data | |
| Chief Information Officer | no data | R1.11m | no data | |
| Head of Investor Relations | 3.42yrs | no data | no data | |
| Group Manager of Corporate Affairs | no data | no data | no data | |
| Sales & Marketing Executive | no data | R1.57m | no data |
2.8yrs
Average Tenure
48yo
Average Age
Experienced Management: PPC's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.08yrs | R10.43m | 0.28% ZAR 3.4m | |
| CFO & Executive Director | 1yr | R4.69m | no data | |
| Executive Director | 2.67yrs | R546.00k | no data | |
| Independent Non-Executive Director | 1.5yrs | R613.00k | no data | |
| Independent Non Executive Director | 7yrs | R603.00k | no data | |
| Independent Non-Executive Director | 5.83yrs | R867.00k | no data | |
| Independent Chairman of the Board | 2.67yrs | R1.32m | no data | |
| Independent Non-Executive Director | 3.75yrs | R857.00k | no data | |
| Non-Executive Director | 2.58yrs | R529.00k | no data | |
| Independent Non-Executive Director | 2.67yrs | R775.00k | no data |
2.7yrs
Average Tenure
60yo
Average Age
Experienced Board: PPC's board of directors are not considered experienced ( 2.7 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.
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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: PPC Ltd
- Ticker: PPC
- Exchange: JSE
- Founded: 1892
- Industry: Construction Materials
- Sector: Materials
- Market Cap: R1.223b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PPC | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Jan 1992 |
| OZV2 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| PPC | ZMSE (Zimbabwe Stock Exchange) | Yes | Ordinary Shares | ZW | ZWL | Jan 1992 |
| PPCL.Y | OTCPK (Pink Sheets LLC) | SPON ADR EACH REP 2 ORD | US | USD | May 2008 | |
| OZVA | BST (Boerse-Stuttgart) | SPON ADR EACH REP 2 ORD | DE | EUR | May 2008 |
Biography
PPC Ltd, together with its subsidiaries, manufactures and supplies cement, aggregates, readymix, lime and limestone, and fly ash products in South Africa, Botswana, Mozambique, Zimbabwe, Rwanda, and the De...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/01 17:01 |
| End of Day Share Price | 2020/12/01 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.