| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
CEC Overview
Copperbelt Energy Corporation Plc engages in the generation, transmission, distribution, and sale of electricity primarily to mines in Zambia and the Democratic Republic of Congo (DRC).
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | K2.05 |
| 52 Week High | K0 |
| 52 Week Low | K0 |
| Beta | -0.14 |
| 1 Month Change | 13.89% |
| 3 Month Change | 61.42% |
| 1 Year Change | 180.82% |
| 3 Year Change | 51.85% |
| 5 Year Change | 215.39% |
| Change since IPO | 4,455.56% |
Recent News & Updates
Shareholder Returns
| CEC | ZM Electric Utilities | ZM Market | |
|---|---|---|---|
| 7D | 2.5% | 0.6% | -2.2% |
| 1Y | 180.8% | 27.8% | 44.1% |
Return vs Industry: CEC exceeded the ZM Electric Utilities industry which returned 25.9% over the past year.
Return vs Market: CEC exceeded the ZM Market which returned 44.7% over the past year.
Price Volatility
| CEC volatility | |
|---|---|
| CEC Beta | -0.14 |
| Industry Beta | 0.55 |
| Market Beta | 1 |
Stable Share Price: CEC is more volatile than 75% of ZM stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: CEC's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of ZM stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 364 | Owen Silavwe | https://www.cecinvestor.com |
Copperbelt Energy Corporation Plc engages in the generation, transmission, distribution, and sale of electricity primarily to mines in Zambia and the Democratic Republic of Congo (DRC). The company owns and operates an 80 megawatts (MW) of thermal generation capacity; 1 MW grid-connected solar photovoltaic plant; bio-diesel production plant; and 43 high voltage substations, as well as approximately 1,000 kilometers of transmission lines and a transmission interconnection between Zambia and the DRC. It is also involved in the international power trading business.
Copperbelt Energy Fundamentals Summary
| CEC fundamental statistics | |
|---|---|
| Market Cap | US$193.68m |
| Earnings (TTM) | US$63.55m |
| Revenue (TTM) | US$332.55m |
3.0x
P/E Ratio0.6x
P/S RatioIs CEC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CEC income statement (TTM) | |
|---|---|
| Revenue | US$332.55m |
| Cost of Revenue | US$218.38m |
| Gross Profit | US$114.16m |
| Expenses | US$50.61m |
| Earnings | US$63.55m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.039 |
| Gross Margin | 34.33% |
| Net Profit Margin | 19.11% |
| Debt/Equity Ratio | 0.0% |
How did CEC perform over the long term?
See historical performance and comparisonDividends
18.2%
Current Dividend Yield53%
Payout RatioDoes CEC pay a reliable dividends?
See CEC dividend history and benchmarks| Copperbelt Energy dividend dates | |
|---|---|
| Ex Dividend Date | Oct 27 2021 |
| Dividend Pay Date | Nov 01 2021 |
| Days until Ex dividend | 0 days |
| Days until Dividend pay date | 5 days |
Does CEC pay a reliable dividends?
See CEC dividend history and benchmarksValuation
Is Copperbelt Energy 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: CEC (ZMW2.05) is trading below our estimate of fair value (ZMW8.84)
Significantly Below Fair Value: CEC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CEC is good value based on its PE Ratio (3x) compared to the Global Electric Utilities industry average (14.7x).
PE vs Market: CEC is good value based on its PE Ratio (3x) compared to the ZM market (5.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CEC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CEC's PB Ratio (0.6x) is in line with the XF Electric Utilities industry average.
Future Growth
How is Copperbelt Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
9.1%
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 Copperbelt Energy 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 Copperbelt Energy performed over the past 5 years?
55.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CEC has a large one-off loss of $94.9M impacting its June 30 2021 financial results.
Growing Profit Margin: CEC's current net profit margins (19.1%) are higher than last year (2.3%).
Past Earnings Growth Analysis
Earnings Trend: CEC has become profitable over the past 5 years, growing earnings by 55.6% per year.
Accelerating Growth: CEC's earnings growth over the past year (610.4%) exceeds its 5-year average (55.6% per year).
Earnings vs Industry: CEC earnings growth over the past year (610.4%) exceeded the Electric Utilities industry 8.3%.
Return on Equity
High ROE: CEC's Return on Equity (19.4%) is considered low.
Financial Health
How is Copperbelt Energy's financial position?
Financial Position Analysis
Short Term Liabilities: CEC's short term assets ($208.6M) exceed its short term liabilities ($175.8M).
Long Term Liabilities: CEC's short term assets ($208.6M) exceed its long term liabilities ($197.9M).
Debt to Equity History and Analysis
Debt Level: CEC is debt free.
Reducing Debt: CEC has no debt compared to 5 years ago when its debt to equity ratio was 0.05%.
Debt Coverage: CEC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CEC has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Copperbelt Energy current dividend yield, its reliability and sustainability?
18.18%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CEC's dividend (18.18%) is higher than the bottom 25% of dividend payers in the ZM market (2.08%).
High Dividend: CEC's dividend (18.18%) is in the top 25% of dividend payers in the ZM market (9.38%)
Stability and Growth of Payments
Stable Dividend: CEC's dividend payments have been volatile in the past 10 years.
Growing Dividend: CEC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.2%), CEC's dividend payments are 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?
7.5yrs
Average management tenure
CEO
Owen Silavwe
7.75yrs
Tenure
Mr. Owen L. Silavwe has been Managing Director at Copperbelt Energy Corporation PLC since August 2014. Mr. Silavwe served as the Managing Director of Operations at Copperbelt Energy Corporation PLC since 2...
Leadership Team
Experienced Management: CEC's management team is seasoned and experienced (7.5 years average tenure).
Board Members
Experienced Board: CEC's board of directors are considered experienced (3.2 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
Copperbelt Energy Corporation Plc's employee growth, exchange listings and data sources
Key Information
- Name: Copperbelt Energy Corporation Plc
- Ticker: CEC
- Exchange: LUSE
- Founded: NaN
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: K3.331b
- Shares outstanding: 1.63b
- Website: https://www.cecinvestor.com
Number of Employees
Location
- Copperbelt Energy Corporation Plc
- 23rd Avenue
- Stand 3614
- Kitwe
- Zambia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 17:48 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.