Duyuru • Jun 18
Adbri Limited(ASX:ABC) dropped from FTSE All-World Index (USD) Adbri Limited(ASX:ABC) dropped from FTSE All-World Index (USD) Duyuru • Feb 27
Adbri Limited, Annual General Meeting, May 24, 2024 Adbri Limited, Annual General Meeting, May 24, 2024. Duyuru • Feb 16
Adbri Limited to Report Fiscal Year 2023 Results on Feb 27, 2024 Adbri Limited announced that they will report fiscal year 2023 results After-Market on Feb 27, 2024 Duyuru • Dec 18
CRH to Acquire Remaining Approximately 57% of Adbri's Shares Not Owned by Barro with Intention to Delist Adbri from ASX CRH plc together with the Barro Group ("Barro" and together with CRH the "Partners") have entered into an agreement with Adbri Limited ("Adbri" or the "Company") in relation to a potential transaction to acquire Adbri that is recommended by the Independent Board Committee (IBC) of Adbri (the "Proposal"). Under the Proposal, CRH would partner with Barro, an Australian family-owned business and approximately 43% shareholder of Adbri. CRH currently has a 4.6% interest in the Company via a cash settled derivative and would acquire the remaining approximately 57% of Adbri's shares not owned by Barro with the intention to delist Adbri from the ASX. Reported Earnings • Aug 30
First half 2023 earnings released: EPS: AU$0.076 (vs AU$0.074 in 1H 2022) First half 2023 results: EPS: AU$0.076 (up from AU$0.074 in 1H 2022). Revenue: AU$926.4m (up 14% from 1H 2022). Net income: AU$49.8m (up 3.5% from 1H 2022). Profit margin: 5.4% (down from 5.9% in 1H 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • Aug 30
Adbri Limited Recommends No Payment of an Interim Ordinary Dividend for Half Year Ended 30 June 2023 Adbri Limited announced that since the end of the half year ended 30 June 2023 the Board has recommended that no payment of an interim ordinary dividend be made (2022: 5.0 cents, franked at 100%). Duyuru • Jul 26
Adbri Limited to Report First Half, 2023 Results on Aug 29, 2023 Adbri Limited announced that they will report first half, 2023 results on Aug 29, 2023 Duyuru • Jul 04
Adbri Limited Announces CFO Changes, Effective 5 July 2023 Adbri Limited announces the appointment of Mr. Jared Gashel to the role of Chief Financial Officer, effective 5 July 2023. Mr. Gashel has more than 20 years' financial experience in multiple industries working across three continents. Prior to joining Adbri, Mr. Gashel was Acting Chief Financial Officer at Boral Limited between April 2022 and March 2023 and previously held the position of Executive General Manager Group Finance and Property at Boral. Prior to his time at Boral, Jared held multiple senior finance executive roles in Australia and Switzerland as well as more than a decade with KPMG, specialising in advisory and capital markets. Mr. Gashel will take over from Dianne Mong, who has held the position of Acting Chief Financial Officer since March 2023. Ms Mong will resume her role as the Company's General Manager Finance. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €1.19, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.45 per share. Buying Opportunity • Mar 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be €1.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 3.6% per annum over the same time period. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: AU$0.16 (vs AU$0.18 in FY 2021) Full year 2022 results: EPS: AU$0.16 (down from AU$0.18 in FY 2021). Revenue: AU$1.70b (up 8.4% from FY 2021). Net income: AU$102.6m (down 12% from FY 2021). Profit margin: 6.0% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Duyuru • Jan 30
Adbri Limited Announces Changes to its Board Adbri Limited announced that existing Independent Non-Executive Director Samantha Hogg has been appointed Deputy Chair and Lead Independent Director following the resignation of Dr. Vanessa Guthrie AO. Ms. Hogg's appointment will be effective on 1 March 2023. Dr. Vanessa Guthrie AO is stepping off the Adbri Board on 28 February 2023 to focus on other Board commitments. Ms. Hogg joined the Adbri Board in March 2022 and is an experienced director and former executive having held senior leadership positions across the transport, infrastructure, energy and resources sectors both domestically and offshore. Ms. Hogg will replace Dr. Guthrie as Chair of the Nomination & Governance Committee, while Mr. Dean Jenkins will replace Dr. Guthrie as Chair of the People &Culture Committee, and will also join the Safety, Health, Environment and Sustainability Committee. Recent Insider Transactions • Sep 18
Independent Non-Executive Director recently bought €72k worth of stock On the 12th of September, Michael Wright bought around 50k shares on-market at roughly €1.44 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Sep 14
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.2%). Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-executive Director Dean Jenkins was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.52, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total loss to shareholders of 9.1% over the past three years. Reported Earnings • Aug 23
First half 2022 earnings released: EPS: AU$0.074 (vs AU$0.087 in 1H 2021) First half 2022 results: EPS: AU$0.074 (down from AU$0.087 in 1H 2021). Revenue: AU$812.4m (up 8.0% from 1H 2021). Net income: AU$48.1m (down 15% from 1H 2021). Profit margin: 5.9% (down from 7.5% in 1H 2021). Over the next year, revenue is forecast to grow 4.9%, compared to a 4.7% growth forecast for the Basic Materials industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Sam Hogg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Sam Hogg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 18
Upcoming dividend of AU$0.07 per share Eligible shareholders must have bought the stock before 25 March 2022. Payment date: 11 April 2022. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.6%). In line with average of industry peers (3.7%). Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: AU$0.18 (up from AU$0.14 in FY 2020). Revenue: AU$1.57b (up 7.9% from FY 2020). Net income: AU$116.7m (up 25% from FY 2020). Profit margin: 7.4% (up from 6.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 3.9%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 26
First half 2021 earnings released: EPS AU$0.087 (vs AU$0.045 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$752.3m (up 7.4% from 1H 2020). Net income: AU$56.6m (up 95% from 1H 2020). Profit margin: 7.5% (up from 4.2% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Michael John Wright was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 31
Upcoming dividend of AU$0.072 per share Eligible shareholders must have bought the stock before 07 April 2021. Payment date: 22 April 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.8%). Recent Insider Transactions • Mar 25
Non-Executive Director recently bought €60k worth of stock On the 19th of March, Geoffrey Tarrant bought around 30k shares on-market at roughly €2.01 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €278k more in shares than they have sold in the last 12 months. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue beats expectations Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to stay flat compared to a 4.2% growth forecast for the Basic Materials industry in Germany. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS AU$0.14 (vs AU$0.073 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: AU$1.45b (down 4.1% from FY 2019). Net income: AU$93.7m (up 98% from FY 2019). Profit margin: 6.4% (up from 3.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day low: €1.78 The company is down 3.0% from its price of €1.84 on 03 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.57 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €2.02 The company is up 17% from its price of €1.73 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.94 per share. Is New 90 Day High Low • Nov 26
New 90-day high: €2.00 The company is up 32% from its price of €1.52 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.62 per share.