P

PPC Ltd
JSE:PPC

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PPC Ltd
JSE:PPC
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Price: 600 Zac 0.5% Market Closed
Market Cap: 9.3B ZAR

EV/IC

1.3
Current
86%
More Expensive
vs 3-y average of 0.7

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.3
=
Enterprise Value
Zac9.2B
/
Invested Capital
6.6B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.3
=
Enterprise Value
Zac9.2B
/
Invested Capital
6.6B

Valuation Scenarios

PPC Ltd is trading above its 3-year average

If EV/IC returns to its 3-Year Average (0.7), the stock would be worth Zac322.47 (46% downside from current price).

Statistics
Positive Scenarios
1/3
Maximum Downside
-57%
Maximum Upside
+234%
Average Upside
44%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.3 Zac600
0%
3-Year Average 0.7 Zac322.47
-46%
5-Year Average 0.6 Zac257.43
-57%
Country Average 4.4 Zac2 004.84
+234%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
ZA
PPC Ltd
JSE:PPC
8.8B ZAR 1.3 17.1
IE
CRH PLC
NYSE:CRH
79.2B USD 1.8 21.1
CH
Holcim AG
SIX:HOLN
40.2B CHF 1.7 3
US
Vulcan Materials Co
NYSE:VMC
39.4B USD 2.7 36.6
DE
HeidelbergCement AG
XETRA:HEI
33.2B EUR 1.2 17.1
US
Martin Marietta Materials Inc
NYSE:MLM
37.3B USD 2.3 32.8
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.4T INR 2.9 46.9
US
Amrize AG
SIX:AMRZ
25.1B CHF 1.6 25.1
DE
Heidelberg Materials AG
XMUN:HEI
21.8B EUR 0.9 11.3
CN
China Jushi Co Ltd
SSE:600176
136.9B CNY 3.1 41.7
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 0.6 45.1

Market Distribution

In line with most companies in South Africa
Percentile
46th
Based on 21 companies
46th percentile
1.3
Low
0.2 — 0.9
Typical Range
0.9 — 4.4
High
4.4 —
Distribution Statistics
South Africa
Min 0.2
30th Percentile 0.9
Median 4.4
70th Percentile 4.4
Max 21.4

PPC Ltd
Glance View

Market Cap
9.3B 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 21%
Intrinsic Value
Price Zac600
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