P

PPC Ltd
JSE:PPC

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PPC Ltd
JSE:PPC
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Price: 597 Zac -0.5% Market Closed
Market Cap: 9.3B ZAR

P/S

0.9
Current
44%
More Expensive
vs 3-y average of 0.6

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.9
=
Market Cap
Zac9.4B
/
Revenue
10.2B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.9
=
Market Cap
Zac9.4B
/
Revenue
10.2B

Valuation Scenarios

PPC Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (0.6), the stock would be worth Zac415.1 (30% downside from current price).

Statistics
Positive Scenarios
0/3
Maximum Downside
-55%
Maximum Upside
No Upside Scenarios
Average Downside
40%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.9 Zac597
0%
3-Year Average 0.6 Zac415.1
-30%
5-Year Average 0.6 Zac394.28
-34%
Country Average 0.4 Zac268.63
-55%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
Zac9.4B
/
Oct 2025
10.2B
=
0.9
Current
Zac9.4B
/
Mar 2026
10.4B
=
0.9
Forward
Zac9.4B
/
Mar 2027
10.8B
=
0.9
Forward
Zac9.4B
/
Mar 2028
11.5B
=
0.8
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
ZA
PPC Ltd
JSE:PPC
8.8B ZAR 0.9 17
IE
CRH PLC
NYSE:CRH
76.5B USD 2 20.2
CH
Holcim AG
SIX:HOLN
40.3B CHF 2.5 3
DE
HeidelbergCement AG
XETRA:HEI
32.8B EUR 1.5 17
US
Vulcan Materials Co
NYSE:VMC
38.1B USD 4.9 35.9
US
Martin Marietta Materials Inc
NYSE:MLM
37B USD 6 32.5
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.5T INR 4 48.2
US
Amrize AG
SIX:AMRZ
24.9B CHF 2.7 26.6
DE
Heidelberg Materials AG
XMUN:HEI
21.9B EUR 1 11.1
CN
China Jushi Co Ltd
SSE:600176
136.9B CNY 7.3 41.7
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 1.1 45.3

Market Distribution

Higher than 75% of companies in South Africa
Percentile
75th
Based on 22 companies
75th percentile
0.9
Low
0 — 0.1
Typical Range
0.1 — 0.6
High
0.6 —
Distribution Statistics
South Africa
Min 0
30th Percentile 0.1
Median 0.4
70th Percentile 0.6
Max 5

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 Zac597
P
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