AUSTRALIAN COMPANY NEWS BITES
STOCK REPORT
Pro-Pac Packaging Limited (ASX:PPG), Australia's 93rd largest materials company by market capitalisation, decreased 0.50c (or 1.0%) to close at 51.50c. Compared with the All Ordinaries Index, which fell 6.3 points (or 0.1%) on the day, this was a relative price change of -0.8%. The volume was 0.4 times the average trading of 102,527 shares.
Bearish Signals
- The price dropped 2.8% in the last month. The stock has been exacerbated by firm volume of 1.5 times average for the month.
Fundamental measures by comparison with the sector average [in brackets] indicate Overvaluation:
- Price to Book of 2.7 [2.2].
- Return on Equity 6.0% [10.6%].
- Return on Assets 4.7% [5.5%].
- Return on Capital Employed 9.4% [12.6%].
Description | Value | Rank In Market |
Net Profit Margin % | 4.3 | In Bottom Quartile |
Price/MAP50 | 0.63 | In Bottom Quartile |
Bullish Signals
Fundamental measures by comparison with the sector average [in brackets] indicate Undervaluation:
- Price/Sales of 0.8 [1.3]. We estimate the shares are trading at a current year Price/Sales of 0.7 and a forward year Price/Sales of 0.6.
Other Bullish Signals:
- Total Liabilities/EBITDA of 2.2 is comfortably below 5, this compares favourably with the Joseph Piotroski benchmark of 5.
- Interest cover defined by EBIT/I is 8 times. This indicates it is less leveraged.
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.9. Compared with the rest of the market the stock is undervalued.
Description | Value | Rank In Market |
Total Debt to Equity | 0.04 | In Top Quartile |
Volatility % | 2.0 | In Top Quartile |
Note
Volume: there were 44,461 shares worth $23,065 traded.
- It is at a discount of 14.9% to the 12-month high of 60.50c on 02 May, 2012. It is also at a premium of 22.6% to the 12-month low of 42.0c on 07 Dec, 2012.
- The present value of $1,000 (PV$1000) invested one year ago is $982, including a capital loss of $55 and dividend reinvested of $37.
PV$1000 | 1-week | 1-month | 1-year |
PPG.ASX | 972 | 972 | 982 |
All Ordinaries Index | 987 | 997 | 1,203 |
Fundamental measures by comparison with the sector average [in brackets] indicate Parity:
- Price/Earnings of 18.9 [17.7]. We estimate the shares are trading at a current year P/E of 17.7 and a forward year P/E of 16.5.
- Dividend yield of 3.9% [4.0%].
Description | Value | Rank In Market |
MCap | US$113.1 million | In 2nd Quartile |
COMPANY ANNOUNCEMENTS
The last 7 company announcements are:
February 25: Pro-Pac Packaging : Half Yearly Report and Accounts
[Company Release] http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/203851.pdf
November 27: Pro-Pac Packaging : Results of Meeting
[Company Release]Dear Sir or MadamPro - Pac Packaging Limited General Meeting ResolutionThe directors of Pro-Pac Packaging Limited inform that all resolutions put to shareholders at the Annual General Meeting held on 27 November 2012 were passed on a show of hands. Proxy votes lodged were as follows: http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/187690.pdf
November 27: Pro-Pac Packaging: AGM Presentation
[Company Release] http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/187858.pdf
November 26: Pro-Pac Packaging announces AGM
Pro-Pac Packaging has announced its Annual General Meeting will take place on November 27, 2012.
November 16: Pro-Pac Packaging: Consolidation strategy continues
[Company Release]ASX listed national packaging group, Pro-Pac Packaging Ltd (ASX: PPG) today announced the purchase of the business and assets of Source and Sell Pty and of Stronghold Wholesale.Source and Sell supply packaging products predominantly to the food industry including growers, packers and bakers whilst Stronghold Wholesale is a niche distributor of general industrial products that includes strapping, stretch wrap and tapes.The combined revenue of these two acquisitions is currently approximately $10M per annum.
October 17: Pro-Pac Packaging increases issued capital by 0.2%
Pro-Pac Packaging (PPG.AU) has announced an increase of 430,000 shares (or 0.2%) in total share on issue from 210,987,804 to 211,417,804. The effective date is 17 Oct, 2012.
September 27: Pro-Pac Packaging: Full Year Statutory Accounts
[Company Release] http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/174095.pdf
ISIN: AU000000PPG6
AU:PPG; ASX:PPG; AX:PPG;
Source: www.BuySellSignals.com
