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PZ Cussons Ghana

GHSE:PZC
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PZC
GHSE
GHS64M
Market Cap
  1. Home
  2. GH
  3. Household
Company description

PZ Cussons Ghana Limited manufactures, purchases, distributes, and sells soaps, electrical appliances, nutritional products, cosmetics, and pharmaceutical products in Ghana. The last earnings update was 429 days ago. More info.


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PZC Share Price and Events
7 Day Returns
0%
GHSE:PZC
-0.2%
Africa Personal Products
-0.2%
GH Market
1 Year Returns
-
GHSE:PZC
-12.4%
Africa Personal Products
-11.2%
GH Market
PZC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PZ Cussons Ghana (PZC) 0% 0% - - 90% 58.3%
Africa Personal Products -0.2% -19% -15.8% -12.4% -9.7% 10.9%
GH Market -0.2% -0.9% -4.2% -11.2% 4.1% -11.2%
1 Year Return vs Industry and Market
  • No trading data on PZC.
  • No trading data on PZC.
Price Volatility
PZC
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for PZ Cussons Ghana's competitors could be found in our database.

Value

 Is PZ Cussons Ghana undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PZ Cussons Ghana to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PZ Cussons Ghana.

GHSE:PZC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 20.6%
Perpetual Growth Rate 10-Year GH Government Bond Rate 8.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for GHSE:PZC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GH Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 13.7%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.594 (1 + (1- 25%) (48.86%))
0.874
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.874 * 13.68%)
20.55%

Discounted Cash Flow Calculation for GHSE:PZC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PZ Cussons Ghana is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

GHSE:PZC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GHS, Millions) Source Present Value
Discounted (@ 20.55%)
2020 12.82 Est @ 22.41% 10.63
2021 15.16 Est @ 18.27% 10.43
2022 17.49 Est @ 15.37% 9.98
2023 19.82 Est @ 13.34% 9.39
2024 22.19 Est @ 11.92% 8.71
2025 24.61 Est @ 10.92% 8.02
2026 27.13 Est @ 10.22% 7.33
2027 29.77 Est @ 9.74% 6.67
2028 32.56 Est @ 9.4% 6.06
2029 35.55 Est @ 9.16% 5.48
Present value of next 10 years cash flows GHS82.00
GHSE:PZC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= GHS35.55 × (1 + 8.6%) ÷ (20.55% – 8.6%)
GHS322.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= GHS322.95 ÷ (1 + 20.55%)10
GHS49.81
GHSE:PZC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= GHS82.00 + GHS49.81
GHS131.81
Equity Value per Share
(GHS)
= Total value / Shares Outstanding
= GHS131.81 / 168.00
GHS0.78
GHSE:PZC Discount to Share Price
Calculation Result
Value per share (GHS) From above. GHS0.78
Current discount Discount to share price of GHS0.38
= -1 x (GHS0.38 - GHS0.78) / GHS0.78
51.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PZ Cussons Ghana is available for.
Intrinsic value
>50%
Share price is GHS0.38 vs Future cash flow value of GHS0.78461
Current Discount Checks
For PZ Cussons Ghana to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PZ Cussons Ghana's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PZ Cussons Ghana's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PZ Cussons Ghana's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PZ Cussons Ghana's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GHSE:PZC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in GHS GHS0.03
GHSE:PZC Share Price ** GHSE (2020-02-11) in GHS GHS0.38
Global Personal Products Industry PE Ratio Median Figure of 180 Publicly-Listed Personal Products Companies 19.53x
Ghana Market PE Ratio Median Figure of 18 Publicly-Listed Companies 5.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PZ Cussons Ghana.

GHSE:PZC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GHSE:PZC Share Price ÷ EPS (both in GHS)

= 0.38 ÷ 0.03

15.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PZ Cussons Ghana is good value based on earnings compared to the Global Personal Products industry average.
  • PZ Cussons Ghana is overvalued based on earnings compared to the Ghana market.
Price based on expected Growth
Does PZ Cussons Ghana's expected growth come at a high price?
Raw Data
GHSE:PZC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Personal Products Industry PEG Ratio Median Figure of 70 Publicly-Listed Personal Products Companies 1.86x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for PZ Cussons Ghana, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PZ Cussons Ghana's assets?
Raw Data
GHSE:PZC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in GHS GHS0.24
GHSE:PZC Share Price * GHSE (2020-02-11) in GHS GHS0.38
Global Personal Products Industry PB Ratio Median Figure of 288 Publicly-Listed Personal Products Companies 1.64x
Ghana Market PB Ratio Median Figure of 25 Publicly-Listed Companies 1.01x
GHSE:PZC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GHSE:PZC Share Price ÷ Book Value per Share (both in GHS)

= 0.38 ÷ 0.24

1.55x

* Primary Listing of PZ Cussons Ghana.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PZ Cussons Ghana is good value based on assets compared to the Global Personal Products industry average.
X
Value checks
We assess PZ Cussons Ghana's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Personal Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Personal Products industry average (and greater than 0)? (1 check)
  5. PZ Cussons Ghana has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PZ Cussons Ghana expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as PZ Cussons Ghana has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.1%
Expected Personal Products industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PZ Cussons Ghana expected to grow at an attractive rate?
  • Unable to compare PZ Cussons Ghana's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare PZ Cussons Ghana's earnings growth to the market average as no estimate data is available.
  • Unable to compare PZ Cussons Ghana's revenue growth to the Ghana market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GHSE:PZC Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
Global Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 5%
Ghana Market Revenue Growth Rate Market Cap Weighted Average 17.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
GHSE:PZC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GHS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GHSE:PZC Past Financials Data
Date (Data in GHS Millions) Revenue Cash Flow Net Income *
2018-11-30 112 11 4
2018-08-31 113 -3 6
2018-05-31 112 -12 6
2018-02-28 109 -11 2
2017-11-30 98 -5 -5
2017-08-31 92 -7 -8
2017-05-31 92 10 -10
2017-03-04 90 10 -4
2016-11-30 106 7 3
2016-09-03 113 5 4
2016-05-31 118 3 -8
2016-02-27 125 0 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if PZ Cussons Ghana is high growth as no earnings estimate data is available.
  • Unable to determine if PZ Cussons Ghana is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
GHSE:PZC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from PZ Cussons Ghana Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GHSE:PZC Past Financials Data
Date (Data in GHS Millions) EPS *
2018-11-30 0.03
2018-08-31 0.03
2018-05-31 0.04
2018-02-28 0.01
2017-11-30 -0.03
2017-08-31 -0.05
2017-05-31 -0.06
2017-03-04 -0.03
2016-11-30 0.02
2016-09-03 0.02
2016-05-31 -0.05
2016-02-27 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if PZ Cussons Ghana will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether PZ Cussons Ghana is trading at PZ Cussons Ghana'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. PZ Cussons Ghana's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Household companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess PZ Cussons Ghana's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PZ Cussons Ghana has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PZ Cussons Ghana performed over the past 5 years?

  • PZ Cussons Ghana's last earnings update was 429 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PZ Cussons Ghana's growth in the last year to its industry (Personal Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if PZ Cussons Ghana's year on year earnings growth rate was positive over the past 5 years.
  • PZ Cussons Ghana has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • PZ Cussons Ghana has become profitable in the last year making it difficult to compare the Global Personal Products industry average.
Earnings and Revenue History
PZ Cussons Ghana's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PZ Cussons Ghana Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GHSE:PZC Past Revenue, Cash Flow and Net Income Data
Date (Data in GHS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 111.93 3.69 20.29
2018-08-31 112.68 5.83 22.45
2018-05-31 111.60 6.48 21.66
2018-02-28 109.40 2.20 30.12
2017-11-30 98.17 -4.83 35.15
2017-08-31 92.29 -7.87 29.86
2017-05-31 91.83 -10.33 30.20
2017-03-04 90.28 -4.31 26.00
2016-11-30 105.70 3.11 22.65
2016-09-03 113.22 3.75 29.46
2016-05-31 118.28 -8.03 33.25
2016-02-27 125.48 -5.10 35.36
2015-11-30 131.94 -6.69 44.40
2015-08-31 130.35 -1.69 42.95
2015-05-31 118.95 -2.74 33.68
2015-02-28 119.74 -2.85 37.38
2014-11-30 118.14 -1.46 34.76
2014-08-30 113.23 -5.68 33.28
2014-05-31 107.15 -1.70 31.71
2014-02-28 103.53 5.00 29.50
2013-11-30 102.57 4.65 29.11
2013-08-31 102.62 6.36 28.28
2013-05-31 95.74 7.86 26.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PZ Cussons Ghana has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PZ Cussons Ghana used its assets less efficiently than the Global Personal Products industry average last year based on Return on Assets.
  • PZ Cussons Ghana has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess PZ Cussons Ghana's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Personal Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PZ Cussons Ghana has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PZ Cussons Ghana's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PZ Cussons Ghana's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PZ Cussons Ghana is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PZ Cussons Ghana's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PZ Cussons Ghana's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PZ Cussons Ghana Company Filings, last reported 1 year ago.

GHSE:PZC Past Debt and Equity Data
Date (Data in GHS Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 21.87 31.19 10.31
2018-08-31 22.32 32.94 12.08
2018-05-31 21.89 39.04 15.19
2018-02-28 18.42 22.30 4.92
2017-11-30 18.17 22.52 8.79
2017-08-31 16.49 22.18 7.65
2017-05-31 15.41 23.07 13.83
2017-03-04 26.34 0.00 17.80
2016-11-30 33.12 20.87 15.28
2016-09-03 34.51 23.58 15.56
2016-05-31 25.94 22.59 7.46
2016-02-27
2015-11-30 30.05 20.69 10.46
2015-08-31 30.76 22.37 13.80
2015-05-31 33.97 22.95 5.74
2015-02-28 35.78 2.48 11.90
2014-11-30 36.74 17.84 0.98
2014-08-30 32.45 0.94 0.12
2014-05-31 36.71 24.60 4.13
2014-02-28 38.63 4.80
2013-11-30 38.19 2.08 0.03
2013-08-31 38.91 1.73 5.80
2013-05-31 39.19 1.02 4.54
  • PZ Cussons Ghana's level of debt (142.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.7% vs 142.7% today).
  • Debt is well covered by operating cash flow (36.2%, greater than 20% of total debt).
  • PZ Cussons Ghana earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess PZ Cussons Ghana's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PZ Cussons Ghana has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PZ Cussons Ghana's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from PZ Cussons Ghana dividends.
If you bought GHS2,000 of PZ Cussons Ghana shares you are expected to receive GHS0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate PZ Cussons Ghana's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PZ Cussons Ghana's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GHSE:PZC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Global Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 140 Stocks 2.1%
Ghana Market Average Dividend Yield Market Cap Weighted Average of 13 Stocks 7.5%
Ghana Minimum Threshold Dividend Yield 10th Percentile 2%
Ghana Bottom 25% Dividend Yield 25th Percentile 2.6%
Ghana Top 25% Dividend Yield 75th Percentile 10.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

GHSE:PZC Past Annualized Dividends Data
Date (Data in GHS) Dividend per share (annual) Avg. Yield (%)
2018-04-19 0.000 0.000
2018-01-17 0.000 0.000
2017-10-02 0.000 0.000
2017-09-11 0.000 0.000
2016-09-08 0.001 0.589
2015-04-07 0.000 0.000
2015-02-12 0.000 0.000
2014-10-17 0.000 0.000
2014-08-11 0.000 0.000
2013-08-01 0.005 0.733
2012-08-13 0.000 0.000
2011-09-29 0.004 1.772

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as PZ Cussons Ghana has not reported any payouts.
  • Unable to verify if PZ Cussons Ghana's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PZ Cussons Ghana's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PZ Cussons Ghana has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess PZ Cussons Ghana's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PZ Cussons Ghana afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PZ Cussons Ghana has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PZ Cussons Ghana's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • PZ Cussons Ghana has no CEO, or we have no data on them.
Management Team

Adiza Sefiyanu

TITLE
Head of Commercial Finance & Executive Director
TENURE
2.3 yrs

Greek Giannopoulos

TITLE
Executive Director & CEO of PZ Cussons Africa
AGE
52

David Afflu

TITLE
Business Unit Director & Executive Director
Board of Directors Tenure

Average tenure of the PZ Cussons Ghana board of directors in years:

5.8
Average Tenure
  • The tenure for the PZ Cussons Ghana board of directors is about average.
Board of Directors

Paul Pepera

TITLE
Independent Chairman
TENURE
13.3 yrs

Adiza Sefiyanu

TITLE
Head of Commercial Finance & Executive Director
TENURE
1.7 yrs

Greek Giannopoulos

TITLE
Executive Director & CEO of PZ Cussons Africa
AGE
52
TENURE
4.2 yrs

David Afflu

TITLE
Business Unit Director & Executive Director
TENURE
5.8 yrs

Helena Adu-Gyamfi

TITLE
Independent Non-Executive Director
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (GHS) Value (GHS)
X
Management checks
We assess PZ Cussons Ghana's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PZ Cussons Ghana has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

PZ Cussons Ghana Limited manufactures, purchases, distributes, and sells soaps, electrical appliances, nutritional products, cosmetics, and pharmaceutical products in Ghana. It operates in two segments, Core and Electricals. The Core segment offers home care, personal care, and nutrition products. The Electricals segment provides television sets, home theatres, DVD players, air-conditioners, fridges, etc. It offers personal care products under the Camel, Carex, Cussons Baby, Imperial Leather, Premier & Premier Cool, and Robb brands; electrical products under the Haier Thermocool brand; food and nutrition products under the Nunu brand; and home care products under the Zip, Radiant, and Morning Fresh brands. The company was founded in 1934 and is based in Accra, Ghana. PZ Cussons Ghana Limited is a subsidiary of PZ Cussons (Holdings) Limited.

Details
Name: PZ Cussons Ghana Limited
PZC
Exchange: GHSE
Founded: 1934
GHS63,840,000
168,000,000
Website: http://www.pzcussons.com.gh
Address: PZ Cussons Ghana Limited
Plot 27/3 - 27/7, Sanyo Road,
Tema Heavy Industrial Area,
Accra,
Ghana
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GHSE PZC Ordinary Shares Ghana Stock Exchange GH GHS 12. Jun 1996
Number of employees
Current staff
Staff numbers
0
PZ Cussons Ghana employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 16:33
End of day share price update: 2020/02/11 00:00
Last earnings filing: 2019/01/31
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/05/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.