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PROL

ProplasticsZMSE:PROL Stock Report

Market Cap

Z$8.0b

7D

-16.7%

1Y

425.4%

Updated

25 Oct, 2021

Data

Company Financials
PROL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

PROL Overview

Proplastics Limited, together with its subsidiary, manufactures and sells plastic pipes in Zimbabwe.

Price History & Performance

Summary of all time highs, changes and price drops for Proplastics
Historical stock prices
Current Share PriceZ$30.00
52 Week HighZ$0
52 Week LowZ$0
Beta-0.63
1 Month Change11.11%
3 Month Change8.30%
1 Year Change425.40%
3 Year Change17,131.48%
5 Year Change99,900.00%
Change since IPO149,900.00%

Recent News & Updates

Shareholder Returns

PROLZW BuildingZW Market
7D-16.7%-7.7%24.5%
1Y425.4%21.3%854.7%

Return vs Industry: PROL exceeded the ZW Building industry which returned 26.5% over the past year.

Return vs Market: PROL underperformed the ZW Market which returned 870% over the past year.

Price Volatility

Is PROL's price volatile compared to industry and market?
PROL volatility
PROL Beta-0.63
Industry Beta0.51
Market Beta1

Stable Share Price: PROL is not significantly more volatile than the rest of ZW stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: PROL's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1965n/aKuda Chigiyahttps://www.proplastics.co.zw

Proplastics Limited, together with its subsidiary, manufactures and sells plastic pipes in Zimbabwe. Its products include polyvinyl chloride, high-density polyethylene, and low-density polyethylene pipes and related fittings. The company also provides sewer pipes and fittings, borehole casings, electrical conduits and cable ducting, uPVc rainwater gutters and fittings, minetuff pipes, and mPVC and uPVC pressure pipes, as well as soil waste and vent pipes.

Proplastics Fundamentals Summary

How do Proplastics's earnings and revenue compare to its market cap?
PROL fundamental statistics
Market CapZ$7.96b
Earnings (TTM)Z$129.26m
Revenue (TTM)Z$400.06m

56.9x

P/E Ratio

18.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PROL income statement (TTM)
RevenueZ$400.06m
Cost of RevenueZ$184.42m
Gross ProfitZ$215.64m
ExpensesZ$86.38m
EarningsZ$129.26m

Last Reported Earnings

Jun 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.53
Gross Margin53.90%
Net Profit Margin32.31%
Debt/Equity Ratio1.5%

How did PROL perform over the long term?

See historical performance and comparison

Valuation

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

56.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PROL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PROL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PROL is poor value based on its PE Ratio (56.9x) compared to the African Building industry average (10.4x).

PE vs Market: PROL is poor value based on its PE Ratio (56.9x) compared to the ZW market (10.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PROL is overvalued based on its PB Ratio (14.5x) compared to the XF Building industry average (1.6x).


Future Growth

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

11.4%

Forecasted Capital Goods 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 Proplastics 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 Proplastics performed over the past 5 years?

-6.1%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: PROL has a high level of non-cash earnings.

Growing Profit Margin: PROL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if PROL's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: PROL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Building industry (6.6%).


Return on Equity

High ROE: PROL's Return on Equity (25.4%) is considered high.


Financial Health

How is Proplastics's financial position?


Financial Position Analysis

Short Term Liabilities: PROL's short term assets (ZWL177.7M) exceed its short term liabilities (ZWL114.8M).

Long Term Liabilities: PROL's short term assets (ZWL177.7M) exceed its long term liabilities (ZWL141.5M).


Debt to Equity History and Analysis

Debt Level: PROL's debt to equity ratio (1.5%) is considered satisfactory.

Reducing Debt: PROL's debt to equity ratio has reduced from 8.2% to 1.5% over the past 5 years.

Debt Coverage: PROL's debt is not well covered by operating cash flow (2.4%).

Interest Coverage: PROL's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: PROL is not paying a notable dividend for the ZW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PROL's dividend in 3 years as they are not forecast to pay a notable one for the ZW market.


Next Steps

Management

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


CEO

Kuda Chigiya

6.42yrs

Tenure

Mr. Kudakwashe Leo Chigiya, also known as Kuda, has been the Chief Executive Officer at Proplastics Limited since May 29, 2015 and serves as its Executive Director.


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

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


Key Information

  • Name: Proplastics Limited
  • Ticker: PROL
  • Exchange: ZMSE
  • Founded: 1965
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: Z$7.962b
  • Shares outstanding: 244.99m
  • Website: https://www.proplastics.co.zw

Number of Employees


Location

  • Proplastics Limited
  • 5 Spurn Road
  • Ardbennie
  • Harare
  • Zimbabwe

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 16:57
End of Day Share Price2021/10/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.