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ZAMB

Zambeef Products LUSE:ZAMBEEF Stock Report

Last Price

K2.60

Market Cap

K778.5m

7D

0%

1Y

73.3%

Updated

23 Sep, 2022

Data

Company Financials +
ZAMBEEF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

ZAMBEEF Stock Overview

Zambeef Products PLC, together with its subsidiaries, engages in the agri-businesses in Zambia, West Africa, and internationally.

Zambeef Products Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Zambeef Products
Historical stock prices
Current Share PriceK2.60
52 Week HighK0
52 Week LowK0
Beta-0.24
1 Month Change-1.14%
3 Month Change26.21%
1 Year Change73.33%
3 Year Change160.00%
5 Year Change-13.33%
Change since IPO287.48%

Recent News & Updates

Shareholder Returns

ZAMBEEFZM FoodZM Market
7D0%-0.09%0.5%
1Y73.3%-0.6%66.7%

Return vs Industry: ZAMBEEF exceeded the ZM Food industry which returned -0.6% over the past year.

Return vs Market: ZAMBEEF exceeded the ZM Market which returned 66.7% over the past year.

Price Volatility

Is ZAMBEEF's price volatile compared to industry and market?
ZAMBEEF volatility
ZAMBEEF Average Weekly Movement3.7%
Food Industry Average Movement4.5%
Market Average Movement2.7%
10% most volatile stocks in ZM Market8.1%
10% least volatile stocks in ZM Market0.4%

Stable Share Price: ZAMBEEF is more volatile than 75% of ZM stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ZAMBEEF's weekly volatility (4%) has been stable over the past year, but is still higher than 75% of ZM stocks.

About the Company

FoundedEmployeesCEOWebsite
19946,795Faith Mukutuhttps://zambeefplc.com

Zambeef Products PLC, together with its subsidiaries, engages in the agri-businesses in Zambia, West Africa, and internationally. The company engages in the production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, and flour. It is also involved in the row cropping operations primarily maize, soya beans, and wheat with approximately 7,787 hectares of row crops under irrigation and 8,694 hectares of rain-fed/dry-land crops.

Zambeef Products Fundamentals Summary

How do Zambeef Products's earnings and revenue compare to its market cap?
ZAMBEEF fundamental statistics
Market CapK778.50m
Earnings (TTM)K281.52m
Revenue (TTM)K5.39b

2.8x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZAMBEEF income statement (TTM)
RevenueK5.39b
Cost of RevenueK3.93b
Gross ProfitK1.47b
Other ExpensesK1.18b
EarningsK281.52m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.94
Gross Margin27.18%
Net Profit Margin5.22%
Debt/Equity Ratio20.4%

How did ZAMBEEF perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ZAMBEEF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ZAMBEEF?

Other financial metrics that can be useful for relative valuation.

ZAMBEEF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA2.9x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

How does ZAMBEEF's PE Ratio compare to its peers?

ZAMBEEF PE Ratio vs Peers
The above table shows the PE ratio for ZAMBEEF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.3x
ZSUG Zambia Sugar
5.2xn/aK5.7b
BATZ British American Tobacco (Zambia)
6.5xn/aK403.7m
ZAMBREW Zambian Breweries
25.8xn/aK3.8b
SNJACIC1 Agroindustrias San JacintoA
3.7xn/aS/199.2m
ZAMBEEF Zambeef Products
2.8x-16.0%K778.5m

Price-To-Earnings vs Peers: ZAMBEEF is good value based on its Price-To-Earnings Ratio (2.8x) compared to the peer average (10.3x).


Price to Earnings Ratio vs Industry

How does ZAMBEEF's PE Ratio compare vs other companies in the African Food Industry?

Price-To-Earnings vs Industry: ZAMBEEF is good value based on its Price-To-Earnings Ratio (2.8x) compared to the African Food industry average (9.9x)


Price to Earnings Ratio vs Fair Ratio

What is ZAMBEEF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ZAMBEEF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ZAMBEEF's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ZAMBEEF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ZAMBEEF (ZMW2.6) is trading below our estimate of fair value (ZMW3.04)

Significantly Below Fair Value: ZAMBEEF is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Zambeef Products forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-16.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZAMBEEF's earnings are forecast to decline over the next 3 years (-16% per year).

Earnings vs Market: ZAMBEEF's earnings are forecast to decline over the next 3 years (-16% per year).

High Growth Earnings: ZAMBEEF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ZAMBEEF's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: ZAMBEEF's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ZAMBEEF's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Zambeef Products performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ZAMBEEF has high quality earnings.

Growing Profit Margin: ZAMBEEF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ZAMBEEF's earnings have grown significantly by 26.1% per year over the past 5 years.

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

Earnings vs Industry: ZAMBEEF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (10.7%).


Return on Equity

High ROE: ZAMBEEF's Return on Equity (7.2%) is considered low.


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Financial Health

How is Zambeef Products's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ZAMBEEF's short term assets (ZMW2.3B) exceed its short term liabilities (ZMW1.4B).

Long Term Liabilities: ZAMBEEF's short term assets (ZMW2.3B) exceed its long term liabilities (ZMW252.5M).


Debt to Equity History and Analysis

Debt Level: ZAMBEEF's net debt to equity ratio (14.7%) is considered satisfactory.

Reducing Debt: ZAMBEEF's debt to equity ratio has reduced from 29.6% to 20.4% over the past 5 years.

Debt Coverage: ZAMBEEF's debt is well covered by operating cash flow (71.2%).

Interest Coverage: ZAMBEEF's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


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Dividend

What is Zambeef Products's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ZAMBEEF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ZAMBEEF'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 ZAMBEEF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ZAMBEEF's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: ZAMBEEF is not paying a notable dividend for the ZM market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ZAMBEEF has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Faith Mukutu (41 yo)

0.17yr

Tenure

K4,950,015

Compensation

Ms. Faith Mukutu serves as Board of Advisors at Good Nature Agro. She had been Chief Financial Officer of Zambeef Products Plc since September 5, 2019 until July 01, 2022 and serves as its Executive Direct...


CEO Compensation Analysis

Compensation vs Market: Faith's total compensation ($USD312.50K) is about average for companies of similar size in the ZM market ($USD258.81K).

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


Leadership Team

Experienced Management: ZAMBEEF's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: ZAMBEEF's board of directors are considered experienced (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

Top 12 shareholders own 64.84% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
17.5%
British International Investment Plc
52,601,435ZMW136.8m0%1.77%
8.25%
National Pension Scheme Authority
24,797,818ZMW64.5m0%4.04%
8.18%
M&G Investment Management Limited
24,575,000ZMW63.9m0%0.01%
7.29%
Magister Investments Limited
21,925,191ZMW57.0m0%no data
5.3%
SBM Mauritius Asset Managers Ltd
15,925,191ZMW41.4m0%75.7%
4.66%
John Rabb
14,000,000ZMW36.4m0%no data
3.99%
Eastspring Investments (Singapore) Limited
11,995,062ZMW31.2m0%0.01%
2.9%
Boston Partners Global Investors, Inc.
8,721,011ZMW22.7m0%no data
2.87%
Rhodora Limited
8,639,374ZMW22.5m0%no data
2.72%
JB Management (UK) LLP
8,175,000ZMW21.3m0%100%
1.16%
I.C.M. InvestmentBank AG
3,500,000ZMW9.1m0%1.75%
0.012%
Elite Fund Management Ltd
36,000ZMW93.6k0%0.04%

Company Information

Zambeef Products PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Zambeef Products PLC
  • Ticker: ZAMBEEF
  • Exchange: LUSE
  • Founded: 1994
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: K778.501m
  • Shares outstanding: 300.58m
  • Website: https://zambeefplc.com

Number of Employees


Location

  • Zambeef Products PLC
  • Plot No. 4970, Manda Road
  • Industrial Area
  • Lusaka
  • Zambia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZAMBEEFLUSE (Lusaka Stock Exchange)YesOrdinary SharesZMZMWFeb 2003
ZAMAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPFeb 2003

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.