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HUL

HulisaniJSE:HUL Stock Report

Market Cap

R220.5m

7D

1.0%

1Y

20.3%

Updated

26 Oct, 2021

Data

Company Financials
HUL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends0/6

HUL Overview

Hulisani Limited, an energy investment company, generates and sells electricity in South Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Hulisani
Historical stock prices
Current Share PriceR4.20
52 Week HighR1.00
52 Week LowR5.27
Beta0.15
1 Month Change-18.61%
3 Month Change40.00%
1 Year Change20.34%
3 Year Change-46.15%
5 Year Change-67.69%
Change since IPO-76.54%

Recent News & Updates

Shareholder Returns

HULZA Renewable EnergyZA Market
7D1.0%-1.5%-0.3%
1Y20.3%15.4%19.5%

Return vs Industry: HUL exceeded the ZA Renewable Energy industry which returned 15.4% over the past year.

Return vs Market: HUL matched the ZA Market which returned 19.5% over the past year.

Price Volatility

Is HUL's price volatile compared to industry and market?
HUL volatility
HUL Beta0.15
Industry Beta0.62
Market Beta1

Stable Share Price: HUL is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: HUL's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
2015n/aMasibulele Demhttps://www.hulisani.co.za

Hulisani Limited, an energy investment company, generates and sells electricity in South Africa. The company generates electricity through solar, diesel, solar PV, wind, and open-cycle gas turbine power plants. It also manufactures and sells wind turbine towers.

Hulisani Fundamentals Summary

How do Hulisani's earnings and revenue compare to its market cap?
HUL fundamental statistics
Market CapR220.50m
Earnings (TTM)R11.26m
Revenue (TTM)R62.39m

18.7x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HUL income statement (TTM)
RevenueR62.39m
Cost of RevenueR0
Gross ProfitR62.39m
ExpensesR51.14m
EarningsR11.26m

Last Reported Earnings

Feb 28, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin100.00%
Net Profit Margin18.04%
Debt/Equity Ratio28.6%

How did HUL perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

27%

Payout Ratio

Valuation

Is Hulisani undervalued compared to its fair value and its price relative to the market?

18.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HUL (ZAR4.2) is trading above our estimate of fair value (ZAR0.28)

Significantly Below Fair Value: HUL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HUL is poor value based on its PE Ratio (18.7x) compared to the Global Renewable Energy industry average (16.9x).

PE vs Market: HUL is poor value based on its PE Ratio (18.7x) compared to the ZA market (11.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HUL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HUL's PB Ratio (0.6x) is in line with the XF Renewable Energy industry average.


Future Growth

How is Hulisani forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.8%

Forecasted Utilities 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 Hulisani 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 Hulisani performed over the past 5 years?

28.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HUL has a large one-off gain of ZAR14.3M impacting its February 28 2021 financial results.

Growing Profit Margin: HUL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: HUL has become profitable over the past 5 years, growing earnings by 28.9% per year.

Accelerating Growth: HUL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: HUL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (14.9%).


Return on Equity

High ROE: HUL's Return on Equity (3.4%) is considered low.


Financial Health

How is Hulisani's financial position?


Financial Position Analysis

Short Term Liabilities: HUL's short term assets (ZAR37.9M) exceed its short term liabilities (ZAR21.3M).

Long Term Liabilities: HUL's short term assets (ZAR37.9M) do not cover its long term liabilities (ZAR146.9M).


Debt to Equity History and Analysis

Debt Level: HUL's debt to equity ratio (28.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if HUL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: HUL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if HUL's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Hulisani current dividend yield, its reliability and sustainability?

1.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HUL's dividend (1.43%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.15%).

High Dividend: HUL's dividend (1.43%) is low compared to the top 25% of dividend payers in the ZA market (7.54%).


Stability and Growth of Payments

Stable Dividend: HUL is not paying a notable dividend for the ZA market, therefore no need to check if payments are stable.

Growing Dividend: HUL is not paying a notable dividend for the ZA market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: HUL is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HUL'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?

4.3yrs

Average board tenure


CEO

Masibulele Dem (42 yo)

0.50

Tenure

R3,443,000

Compensation

Mr. Masibulele P. Dem, CA(SA), has been Chief Financial Officer at Hulisani Limited since July 01, 2017 and serves as its Director since July 01, 2017. He has been Interim Chief Executive Officer of Hulisa...


CEO Compensation Analysis

Compensation vs Market: Masibulele's total compensation ($USD232.31K) is about average for companies of similar size in the ZA market ($USD280.03K).

Compensation vs Earnings: Masibulele's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: HUL's board of directors are considered experienced (4.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hulisani Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Hulisani Limited
  • Ticker: HUL
  • Exchange: JSE
  • Founded: 2015
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Market Cap: R220.500m
  • Shares outstanding: 50.00m
  • Website: https://www.hulisani.co.za

Location

  • Hulisani Limited
  • North Tower
  • 4th Floor
  • Sandton
  • Gauteng
  • 2196
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 17:03
End of Day Share Price2021/10/26 00:00
Earnings2021/02/28
Annual Earnings2021/02/28


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.