Board Change • May 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non Executive Director S. Mahlangu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non Executive Director S. Mahlangu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 20
First half 2026 earnings released: EPS: R2.53 (vs R2.69 in 1H 2025) First half 2026 results: EPS: R2.53 (down from R2.69 in 1H 2025). Revenue: R1.31b (down 1.5% from 1H 2025). Net income: R70.5m (down 9.2% from 1H 2025). Profit margin: 5.4% (down from 5.8% in 1H 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Declared Dividend • Feb 20
First half dividend reduced to R0.70 Dividend of R0.70 is 6.7% lower than last year. Ex-date: 11th March 2026 Payment date: 16th March 2026 Dividend yield will be 5.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 23
Full year 2025 earnings released: EPS: R5.17 (vs R5.22 in FY 2024) Full year 2025 results: EPS: R5.17 (down from R5.22 in FY 2024). Revenue: R2.43b (down 2.2% from FY 2024). Net income: R147.5m (down 3.3% from FY 2024). Profit margin: 6.1% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Oct 23
Transpaco Limited, Annual General Meeting, Dec 05, 2025 Transpaco Limited, Annual General Meeting, Dec 05, 2025. Location: registered office of the group, 331 6th street, wynberg, sandton, 2090, South Africa Declared Dividend • Aug 29
Final dividend of R1.60 announced Shareholders will receive a dividend of R1.60. Ex-date: 17th September 2025 Payment date: 22nd September 2025 Dividend yield will be 6.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 28
Full year 2025 earnings released: EPS: R5.17 (vs R5.22 in FY 2024) Full year 2025 results: EPS: R5.17 (down from R5.22 in FY 2024). Revenue: R2.43b (down 2.2% from FY 2024). Net income: R147.5m (down 3.3% from FY 2024). Profit margin: 6.1% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • May 08
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non Executive Director S. Mahlangu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to R32.00, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Packaging industry in Africa. Total returns to shareholders of 62% over the past three years. Board Change • Apr 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non Executive Director S. Mahlangu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 07
Upcoming dividend of R0.75 per share Eligible shareholders must have bought the stock before 12 March 2025. Payment date: 17 March 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 6.6%. Lower than top quartile of South African dividend payers (8.3%). Higher than average of industry peers (4.2%). Reported Earnings • Feb 21
First half 2025 earnings released: EPS: R2.69 (vs R2.99 in 1H 2024) First half 2025 results: EPS: R2.69 (down from R2.99 in 1H 2024). Revenue: R1.33b (down 3.1% from 1H 2024). Net income: R77.7m (down 12% from 1H 2024). Profit margin: 5.8% (down from 6.4% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 21
First half dividend reduced to R0.75 Dividend of R0.75 is 6.3% lower than last year. Ex-date: 12th March 2025 Payment date: 17th March 2025 Dividend yield will be 6.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R37.50, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 6x in the Packaging industry in Africa. Total returns to shareholders of 165% over the past three years. New Risk • Jan 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (R1.08b market cap, or US$58.2m). Buy Or Sell Opportunity • Jan 03
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.7% to R32.50. The fair value is estimated to be R44.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 14%. Reported Earnings • Oct 24
Full year 2024 earnings released: EPS: R5.22 (vs R5.68 in FY 2023) Full year 2024 results: EPS: R5.22 (down from R5.68 in FY 2023). Revenue: R2.49b (down 4.0% from FY 2023). Net income: R152.5m (down 14% from FY 2023). Profit margin: 6.1% (down from 6.8% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 22
Transpaco Limited, Annual General Meeting, Nov 29, 2024 Transpaco Limited, Annual General Meeting, Nov 29, 2024. Location: 331, 6th street, wynberg, sandton, 2090, South Africa Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R40.00, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 13x in the Packaging industry in Africa. Total returns to shareholders of 187% over the past three years. Upcoming Dividend • Sep 13
Upcoming dividend of R1.60 per share Eligible shareholders must have bought the stock before 18 September 2024. Payment date: 23 September 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 6.7%. Lower than top quartile of South African dividend payers (7.9%). In line with average of industry peers (6.2%). Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: R5.22 (vs R5.68 in FY 2023) Full year 2024 results: EPS: R5.22 (down from R5.68 in FY 2023). Revenue: R2.49b (down 4.0% from FY 2023). Net income: R152.5m (down 14% from FY 2023). Profit margin: 6.1% (down from 6.8% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 29
Transpaco Limited Declares Final Cash Dividend for the Year Ended 30 June 2024, Payable on September 23, 2024 Transpaco Limited declared final gross cash dividend out of income reserves of 160.0 cents per share, resulting in total dividends of 240.0 cents per share for the year ended 30 June 2024. (June 2023: 260.0 cents per share). After applying the dividend withholding tax of 20% a net final dividend of 128.00000 cents per share will be paid to those shareholders who are not exempt from the dividends tax. The issued shares at the date of declaration is 28,839,388 ordinary shares. Ex dividend is September 18, 2024, Record date is September 20, 2024 and payment date is September 23, 2024. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to R33.59, the stock trades at a trailing P/E ratio of 5.8x. Average forward P/E is 14x in the Packaging industry in Africa. Total returns to shareholders of 163% over the past three years. Upcoming Dividend • Mar 06
Upcoming dividend of R0.80 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 18 March 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 9.3%. Within top quartile of South African dividend payers (9.1%). Higher than average of industry peers (2.0%). New Risk • Feb 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (R861.4m market cap, or US$44.7m). Reported Earnings • Feb 22
First half 2024 earnings released: EPS: R2.99 (vs R3.16 in 1H 2023) First half 2024 results: EPS: R2.99 (down from R3.16 in 1H 2023). Revenue: R1.38b (down 4.5% from 1H 2023). Net income: R88.6m (down 11% from 1H 2023). Profit margin: 6.4% (down from 6.9% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year. Declared Dividend • Feb 22
First half dividend of R0.80 announced Shareholders will receive a dividend of R0.80. Ex-date: 13th March 2024 Payment date: 18th March 2024 Dividend yield will be 8.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R36.75, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 6x in the Packaging industry in Africa. Total returns to shareholders of 182% over the past three years. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R32.00, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 8x in the Packaging industry in Africa. Total returns to shareholders of 139% over the past three years. Announcement • Oct 28
Transpaco Limited, Annual General Meeting, Dec 01, 2023 Transpaco Limited, Annual General Meeting, Dec 01, 2023, at 09:00 South Africa Standard Time. Location: 331 6th street, Wynberg Sandton, 2090 Sandton South Africa Announcement • Oct 10
Transpaco Limited, Annual General Meeting, Nov 08, 2023 Transpaco Limited, Annual General Meeting, Nov 08, 2023, at 09:00 South Africa Standard Time. Location: Transpaco offices at 331 6th Street, Wynberg, Sandton Johannesburg South Africa Agenda: To consider and, if deemed fit, pass, with or without modification, the resolutions contemplated in the notice of general meeting. Upcoming Dividend • Sep 13
Upcoming dividend of R1.75 per share at 7.8% yield Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 26 September 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 7.8%. Lower than top quartile of South African dividend payers (9.4%). Higher than average of industry peers (4.5%). Reported Earnings • Aug 31
Full year 2023 earnings released Full year 2023 results: Revenue: R2.59b (up 11% from FY 2022). Net income: R176.6m (up 16% from FY 2022). Profit margin: 6.8% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue. Announcement • Aug 30
Transpaco Limited Declares Final Cash Dividend for the Year Ended 30 June 2023, Payable on 26 September 2023 The board of Transpaco Limited has declared a final gross cash dividend out of income reserves of 175.0 cents per share, resulting in total dividends of 260.0 cents per share for the year ended 30 June 2023 (June 2022: 215.0 cents per share). After applying the dividend withholding tax of 20% a net final dividend of 140.00000 cents per share will be paid to those shareholders who are not exempt from the dividends tax. Last date to trade shares cum dividend is 19 September 2023; Shares trade ex-dividend is 20 September 2023; Record date is 22 September 2023; Payment date is 26 September 2023. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R33.75, the stock trades at a trailing P/E ratio of 5.6x. Average forward P/E is 14x in the Packaging industry in Africa. Total returns to shareholders of 222% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R25.52, the stock trades at a trailing P/E ratio of 4.2x. Average forward P/E is 14x in the Packaging industry in Africa. Total returns to shareholders of 135% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to R25.01, the stock trades at a trailing P/E ratio of 4.2x. Average forward P/E is 13x in the Packaging industry in Africa. Total returns to shareholders of 130% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R27.06, the stock trades at a trailing P/E ratio of 4.7x. Average forward P/E is 14x in the Packaging industry in Africa. Total returns to shareholders of 198% over the past three years. Upcoming Dividend • Mar 08
Upcoming dividend of R0.85 per share at 7.6% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 20 March 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 7.6%. Lower than top quartile of South African dividend payers (9.0%). Higher than average of industry peers (4.7%). Announcement • Feb 14
Transpaco Limited to Report First Half, 2023 Results on Feb 21, 2023 Transpaco Limited announced that they will report first half, 2023 results on Feb 21, 2023 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R32.00, the stock trades at a trailing P/E ratio of 6.6x. Average forward P/E is 14x in the Packaging industry in Africa. Total returns to shareholders of 174% over the past three years. Announcement • Feb 01
Transpaco Limited Provides Earnings Guidance for the Six Months Ended December 31, 2022 Transpaco Limited provided earnings guidance for the six months ended December 31, 2022. For the period, the company expects earnings per share to be 308 cents to 324 cents and Headline earnings per share to be 309 cents to 325 cents. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Non Executive Director S. Mahlangu was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 14
Upcoming dividend of R1.55 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 26 September 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 8.0%. Lower than top quartile of South African dividend payers (8.8%). Higher than average of industry peers (4.5%). Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 19% share price gain to R27.41, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 7x in the Packaging industry in Africa. Total returns to shareholders of 151% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Bonge Mkhondo was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 15% share price gain to R24.19, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 9x in the Packaging industry in Africa. Total returns to shareholders of 59% over the past three years. Upcoming Dividend • Mar 09
Upcoming dividend of R0.60 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 22 March 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 7.1%. Lower than top quartile of South African dividend payers (7.6%). Higher than average of industry peers (6.0%). Announcement • Feb 24
Transpaco Limited Declares an Interim Cash Dividend for the Six Month Period Ended 31 December 2021, Payable on 22 March 2022 The board of directors of Transpaco Limited has declared an interim gross cash dividend out of income reserves of 60.0 cents per share (December 2020: 43.0 cents per share) for the six month period ended 31 December 2021. After applying the dividend withholding tax of 20%, a net interim dividend of 48.0 cents per share will be paid to those shareholders who are not exempt from the dividends tax. The issued shares at the date of declaration is 31,499,388 ordinary shares. The Income Tax reference number is 9975/112/71/6. Last date to trade shares cum dividend is 15 March 2022, and shares trade ex-dividend is 16 March 2022, with record date of 18 March 2022. The payment date is on 22 March 2022. Announcement • Feb 19
Transpaco Limited Announces Resignation of Bonge Yandiswa Mkhondo as Independent Non-Executive Director Transpaco Limited announced Bonge Yandiswa Mkhondo has resigned as an Independent Non-Executive Director from the Transpaco board and the committees on which she served with effect from 17 February 2022. Announcement • Feb 10
Transpaco Limited to Report Q2, 2022 Results on Feb 22, 2022 Transpaco Limited announced that they will report Q2, 2022 results on Feb 22, 2022 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 16% share price gain to R20.90, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 10x in the Packaging industry in Africa. Total returns to shareholders of 24% over the past three years. Upcoming Dividend • Sep 14
Upcoming dividend of R1.10 per share Eligible shareholders must have bought the stock before 21 September 2021. Payment date: 27 September 2021. Trailing yield: 9.2%. Within top quartile of South African dividend payers (7.7%). Higher than average of industry peers (2.0%). Reported Earnings • Sep 02
Full year 2021 earnings released: EPS R3.37 (vs R2.78 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R2.08b (up 9.1% from FY 2020). Net income: R110.3m (up 21% from FY 2020). Profit margin: 5.3% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to R13.50, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 12x in the Packaging industry in Africa. Total loss to shareholders of 34% over the past three years. Announcement • Feb 12
Transpaco Limited to Report First Half, 2021 Results on Feb 23, 2021 Transpaco Limited announced that they will report first half, 2021 results on Feb 23, 2021 Is New 90 Day High Low • Feb 01
New 90-day low: R14.51 The company is down 13% from its price of R16.75 on 03 November 2020. The South African market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 36% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: R16.50 The company is down 8.0% from its price of R17.88 on 14 October 2020. The South African market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: R16.70 The company is down 5.0% from its price of R17.50 on 22 September 2020. The South African market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 34% over the same period. Announcement • Dec 06
Transpaco Limited Announces Executive Changes Transpaco shareholders are advised that at the Annual General Meeting of members held on, 4 December 2020, all the ordinary and special resolutions as proposed in the Notice of Annual General Meeting were approved by the requisite majority of members. The company appointed HA Botha as a member of the Audit and Risk Committee, appointed B Mkhondo as a member of the Audit and Risk Committee and appointed SP van der Linde as a member of the Audit and Risk Committee. Is New 90 Day High Low • Sep 30
New 90-day high: R18.50 The company is up 32% from its price of R14.00 on 02 July 2020. The South African market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is down 11% over the same period. Announcement • Aug 23
Transpaco Limited to Report Fiscal Year 2020 Results on Sep 01, 2020 Transpaco Limited announced that they will report fiscal year 2020 results on Sep 01, 2020