EV/EBITDA

5
Current
8%
More Expensive
vs 3-y average of 4.6

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
5
=
Enterprise Value
Zac9.2B
/
EBITDA
1.7B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
5
=
Enterprise Value
Zac9.2B
/
EBITDA
1.7B

Valuation Scenarios

PPC Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (4.6), the stock would be worth Zac557.81 (8% downside from current price).

Statistics
Positive Scenarios
1/3
Maximum Downside
-9%
Maximum Upside
+160%
Average Upside
48%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 5 Zac605
0%
3-Year Average 4.6 Zac557.81
-8%
5-Year Average 4.5 Zac549.76
-9%
Country Average 13 Zac1 575.08
+160%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
Zac9.2B
/
Oct 2025
1.7B
=
5
Current
Zac9.2B
/
Mar 2026
1.9B
=
4.8
Forward
Zac9.2B
/
Mar 2027
2B
=
4.6
Forward
Zac9.2B
/
Mar 2028
2.6B
=
3.6
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
ZA
PPC Ltd
JSE:PPC
8.9B ZAR 5 17.3
IE
CRH PLC
NYSE:CRH
78.5B USD 12.2 20.9
CH
Holcim AG
SIX:HOLN
39.8B CHF 12.6 3
DE
HeidelbergCement AG
XETRA:HEI
33.3B EUR 8.4 17.2
US
Vulcan Materials Co
NYSE:VMC
38B USD 18 35.3
US
Martin Marietta Materials Inc
NYSE:MLM
37.1B USD 20 32.6
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.5T INR 23.4 48.9
US
Amrize AG
SIX:AMRZ
24.6B CHF 12 25.8
DE
Heidelberg Materials AG
XMUN:HEI
22.4B EUR 5.9 11.5
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 9 45.1
CN
China Jushi Co Ltd
SSE:600176
126B CNY 30 38.4

Market Distribution

Lower than 73% of companies in South Africa
Percentile
27th
Based on 21 companies
27th percentile
5
Low
1.7 — 10.7
Typical Range
10.7 — 13
High
13 —
Distribution Statistics
South Africa
Min 1.7
30th Percentile 10.7
Median 13
70th Percentile 13
Max 1 092.3

PPC Ltd
Glance View

Market Cap
9.4B Zac
Industry
Construction

Perched at the forefront of the cement industry in Africa, PPC Ltd. has carved out its business success story through a blend of strategic ingenuity and an unwavering commitment to quality. Established in 1892, PPC Ltd. (formerly Pretoria Portland Cement Company Limited) has evolved from a small, local enterprise in South Africa into a formidable player on the continent's construction landscape. At the heart of its operations lies a vast network of cement plants and milling facilities that dot the regions of Southern Africa, including South Africa, Botswana, Democratic Republic of Congo, Zimbabwe, and Rwanda. Each of these facilities churning out high-quality cement, a crucial ingredient in infrastructure development, which forms the backbone of both everyday utilities and large-scale infrastructural projects. PPC Ltd.'s revenue model hinges on its ability to supply premium cement and lime products to a diverse market that spans residential, commercial, industrial, and infrastructure sectors. As cities burgeon and economies develop, the demand for strong, reliable construction materials escalates, positioning PPC at a vital junction in the economic supply chain. To further augment its market position, the company has invested heavily in vertical integration opportunities, ensuring cost efficiencies and fostering self-reliance in the procurement of raw materials. Through strategic market intelligence and sustainable practices, including an emphasis on utilizing alternative fuels and reducing carbon footprints, PPC not only stands as a beacon of industrial strength but also prioritizes its role in the sustainable development of the regions it serves.

PPC Intrinsic Value
758.39 Zac
Undervaluation 20%
Intrinsic Value
Price Zac605
P
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