Obermatt

PPC

JNB:PPC · ZAE000170049
Construction MaterialsSmall

360

88
EV / EBIT38
Price / Owner Earnings31
Owner Earnings Yield55
Dividend Yield41
Price/Sales66
EV / Gross Profit34
Price/Book49
Return on Capital93
Cash Return on Capital81
Return on Equity84
EBIT Margin77
Gross Profitability63
Cash Conversion33
Accruals36
Owner Earnings Margin68
Sales growth19
Profit Growth21
Long-Term EPS Growth56
Owner Earnings Growth36
Reinvestment97
Price momentum79
Debt load72
Refinancing34
Debt Payback100
Liquidity67
Analyst ratings
Opinion Changes50
Price Target Upside10
Market mood37
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

PPC generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountrySouth Africa
IndustryConstruction Materials
SizeSmall
TypePublic Company
ExchangeJSE
Founded1892
Employees829
Websiteppc.co.za
ISINZAE000170049
Last UpdateApr 2, 2026
Themes
Building MaterialConstructionConsumer GoodsManufacturingReal Estate

Description

PPC Ltd engages in the production and sale of cement, aggregates, ready mix concrete, and fly ash products. Business Segments The company's operations are divided into several key business segments that include cement manufacturing, aggregates prod…

Analysis

Middle-of-the-road

PPC Ltd sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is fair. The owner-earnings multiple stands at 24.6×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
84
20232026

All-time high

100

Mar 2026

All-time low

27

Jan 2023

Average rank

70

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
66
90
Price/Earnings
57
15
Price/Book
49
94
Dividend Yield
41
1
Value (overall)
56
49

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →