P

PPC Ltd
JSE:PPC

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PPC Ltd
JSE:PPC
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Price: 601 Zac -0.66% Market Closed
Market Cap: 9.3B ZAR

EV/EBIT

7.4
Current
14%
Cheaper
vs 3-y median of 8.6

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

EV/EBIT
7.4
=
Enterprise Value
Zac9.2B
/
EBIT
1.2B

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

EV/EBIT
7.4
=
Enterprise Value
Zac9.2B
/
EBIT
1.2B

Valuation Scenarios

PPC Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (8.6), the stock would be worth Zac697.56 (16% upside from current price).

Statistics
Positive Scenarios
3/3
Maximum Downside
No Downside Scenarios
Maximum Upside
+76%
Average Upside
33%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 7.4 Zac601
0%
3-Year Average 8.6 Zac697.56
+16%
5-Year Average 7.8 Zac637.86
+6%
Country Average 13 Zac1 056.25
+76%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
Zac9.2B
/
Oct 2025
1.2B
=
7.4
Current
Zac9.2B
/
Mar 2026
803m
=
11.4
Forward
Zac9.2B
/
Mar 2027
1.2B
=
7.4
Forward
Zac9.2B
/
Mar 2028
1.9B
=
4.9
Forward

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

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
ZA
PPC Ltd
JSE:PPC
8.8B ZAR 7.4 17.1
IE
CRH PLC
NYSE:CRH
78.3B USD 17.1 20.9
CH
Holcim AG
SIX:HOLN
39.7B CHF 19.4 3.1
DE
HeidelbergCement AG
XETRA:HEI
34.6B EUR 12.6 17.8
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.5T INR 32 48.1
US
Vulcan Materials Co
NYSE:VMC
38.1B USD 26.7 35.4
US
Martin Marietta Materials Inc
NYSE:MLM
37.5B USD 29 33
US
Amrize AG
SIX:AMRZ
25B CHF 18.4 26.8
DE
Heidelberg Materials AG
XMUN:HEI
22B EUR 8.5 11.3
IN
Grasim Industries Ltd
NSE:GRASIM
1.8T INR 11.3 43.8
CN
China Jushi Co Ltd
SSE:600176
131B CNY 31.1 39.9

Market Distribution

Lower than 73% of companies in South Africa
Percentile
27th
Based on 21 companies
27th percentile
7.4
Low
2.3 — 13
Typical Range
13 — 78.9
High
78.9 —
Distribution Statistics
South Africa
Min 2.3
30th Percentile 13
Median 13
70th Percentile 78.9
Max 1 954.4

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 Zac601
P
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