Transpaco
Market Cap
R525.5m
Last Updated
2021/01/16 17:37 UTC
Data Sources
Company Financials
Executive Summary
Transpaco Limited, together with its subsidiaries, manufactures, recycles, and distributes paper and plastic packaging products primarily in South Africa. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Share Price & News
How has Transpaco's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TPC is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TPC's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-4.0%
TPC
2.6%
ZA Packaging
1.0%
ZA Market
1 Year Return
14.0%
TPC
-14.6%
ZA Packaging
-2.1%
ZA Market
Return vs Industry: TPC exceeded the ZA Packaging industry which returned -15.9% over the past year.
Return vs Market: TPC exceeded the ZA Market which returned -2.2% over the past year.
Shareholder returns
| TPC | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.0% | 2.6% | 1.0% |
| 30 Day | -5.2% | 3.9% | 3.4% |
| 90 Day | -10.6% | 31.6% | 12.0% |
| 1 Year | 22.2%14.0% | -11.8%-14.6% | 3.0%-2.1% |
| 3 Year | -19.9%-32.7% | -52.7%-55.4% | 3.4%-17.7% |
| 5 Year | 5.8%-20.1% | -59.5%-63.6% | 50.6%8.4% |
Long-Term Price Volatility Vs. Market
How volatile is Transpaco's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Transpaco 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: TPC (ZAR15.98) is trading below our estimate of fair value (ZAR234.35)
Significantly Below Fair Value: TPC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TPC is good value based on its PE Ratio (5.7x) compared to the XF Packaging industry average (7.8x).
PE vs Market: TPC is good value based on its PE Ratio (5.7x) compared to the ZA market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TPC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TPC is good value based on its PB Ratio (0.8x) compared to the XF Packaging industry average (1.1x).
Next Steps
Future Growth
How is Transpaco forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
29.4%
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 Transpaco 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
- Examine whether Transpaco is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Materials industry.
Past Performance
How has Transpaco performed over the past 5 years?
-6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPC has high quality earnings.
Growing Profit Margin: TPC's current net profit margins (4.8%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: TPC's earnings have declined by 6.2% per year over the past 5 years.
Accelerating Growth: TPC's earnings growth over the past year (46.9%) exceeds its 5-year average (-6.2% per year).
Earnings vs Industry: TPC earnings growth over the past year (46.9%) exceeded the Packaging industry 0.8%.
Return on Equity
High ROE: TPC's Return on Equity (13.5%) is considered low.
Next Steps
Financial Health
How is Transpaco's financial position?
Financial Position Analysis
Short Term Liabilities: TPC's short term assets (ZAR571.5M) exceed its short term liabilities (ZAR297.7M).
Long Term Liabilities: TPC's short term assets (ZAR571.5M) exceed its long term liabilities (ZAR143.7M).
Debt to Equity History and Analysis
Debt Level: TPC's debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: TPC's debt to equity ratio has reduced from 1.2% to 1.2% over the past 5 years.
Debt Coverage: TPC's debt is well covered by operating cash flow (2602.6%).
Interest Coverage: TPC's interest payments on its debt are well covered by EBIT (12.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Transpaco current dividend yield, its reliability and sustainability?
6.95%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TPC's dividend (6.95%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: TPC's dividend (6.95%) is low compared to the top 25% of dividend payers in the ZA market (8.85%).
Stability and Growth of Payments
Stable Dividend: TPC's dividend payments have been volatile in the past 10 years.
Growing Dividend: TPC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.9%), TPC's dividend payments are 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?
29.6yrs
Average management tenure
CEO
Phil Abelheim (66 yo)
43.08yrs
Tenure
R9,012,000
Compensation
Mr. Phillip Norman Abelheim, also known as Phil, FCIS, has been Chief Executive Officer and Executive Director of Transpaco Limited since December 12, 1977. Mr. Abelheim has experience in the plastic and p...
CEO Compensation Analysis
Compensation vs Market: Phil's total compensation ($USD593.47K) is above average for companies of similar size in the ZA market ($USD306.13K).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 43.08yrs | R9.01m | 16.94% ZAR 89.0m | |
| CFO & Executive Director | 16.92yrs | R6.34m | 0.77% ZAR 4.0m | |
| Administration Director & Group Services and Company Secretary | no data | R1.81m | no data | |
| Executive Director | 29.58yrs | R6.32m | 3.08% ZAR 16.2m | |
| Managing Director of Transpaco Flexibles Mpumalanga | no data | no data | 0.27% ZAR 1.4m | |
| Joint Managing Director of Transpaco Flexibles | no data | no data | no data | |
| Managing Director of Britepak | no data | no data | 0.067% ZAR 351.6k | |
| Joint Managing Director of Transpaco Specialised Films | no data | no data | 0.61% ZAR 3.2m | |
| MD of Transpaco Packaging & Joint MD of Transpaco Specialised Films | no data | no data | no data | |
| Managing Director of Transpaco Recycling | no data | no data | 0% ZAR 0 | |
| Joint Managing Director of Transpaco Flexibles | no data | no data | no data | |
| Managing Director of East Rand Plastics | no data | no data | no data |
29.6yrs
Average Tenure
58yo
Average Age
Experienced Management: TPC's management team is seasoned and experienced (29.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 43.08yrs | R9.01m | 16.94% ZAR 89.0m | |
| CFO & Executive Director | 16.92yrs | R6.34m | 0.77% ZAR 4.0m | |
| Executive Director | 29.58yrs | R6.32m | 3.08% ZAR 16.2m | |
| Non-Executive Chairman | 5.5yrs | R411.00k | no data | |
| Lead Independent Non-Executive Director | 5.5yrs | R285.00k | 0.17% ZAR 910.3k | |
| Independent Non-Executive Director | 22.33yrs | R295.00k | 0.76% ZAR 4.0m | |
| Independent Non-Executive Director | 3.67yrs | R285.00k | no data |
16.9yrs
Average Tenure
63yo
Average Age
Experienced Board: TPC's board of directors are seasoned and experienced ( 16.9 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Transpaco Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Transpaco Limited
- Ticker: TPC
- Exchange: JSE
- Founded: 1951
- Industry: Paper Packaging
- Sector: Materials
- Market Cap: R525.524m
- Shares outstanding: 32.89m
- Website: https://www.transpaco.co.za
Number of Employees
Location
- Transpaco Limited
- 331 - 6th Street
- Wynberg
- Johannesburg
- Gauteng
- 2090
- South Africa
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TPC | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Jan 1992 |
Biography
Transpaco Limited, together with its subsidiaries, manufactures, recycles, and distributes paper and plastic packaging products primarily in South Africa. It operates through Plastics Products, Paper and B...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 17:37 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.