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CEC

Copperbelt EnergyLUSE:CEC Stock Report

Market Cap

K3.3b

7D

2.5%

1Y

180.8%

Updated

25 Oct, 2021

Data

Company Financials
CEC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

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

Summary of all time highs, changes and price drops for Copperbelt Energy
Historical stock prices
Current Share PriceK2.05
52 Week HighK0
52 Week LowK0
Beta-0.14
1 Month Change13.89%
3 Month Change61.42%
1 Year Change180.82%
3 Year Change51.85%
5 Year Change215.39%
Change since IPO4,455.56%

Recent News & Updates

Shareholder Returns

CECZM Electric UtilitiesZM Market
7D2.5%0.6%-2.2%
1Y180.8%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

Is CEC's price volatile compared to industry and market?
CEC volatility
CEC Beta-0.14
Industry Beta0.55
Market Beta1

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

FoundedEmployeesCEOWebsite
n/a364Owen Silavwehttps://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

How do Copperbelt Energy's earnings and revenue compare to its market cap?
CEC fundamental statistics
Market CapUS$193.68m
Earnings (TTM)US$63.55m
Revenue (TTM)US$332.55m

3.0x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CEC income statement (TTM)
RevenueUS$332.55m
Cost of RevenueUS$218.38m
Gross ProfitUS$114.16m
ExpensesUS$50.61m
EarningsUS$63.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.039
Gross Margin34.33%
Net Profit Margin19.11%
Debt/Equity Ratio0.0%

How did CEC perform over the long term?

See historical performance and comparison

When do you need to buy CEC by to receive an upcoming dividend?
Copperbelt Energy dividend dates
Ex Dividend DateOct 27 2021
Dividend Pay DateNov 01 2021
Days until Ex dividend0 days
Days until Dividend pay date5 days

Does CEC pay a reliable dividends?

See CEC dividend history and benchmarks

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 17:48
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.