ZAMBIA SUGAR PLC.
Zambia Sugar PLC is a fully integrated sugar company that cultivates sugarcane and processes it into sugar and sugar by-products. The Company's value-added operations include the production of syrup, furfural, furfuryl alcohol, CropGuard, diacetyl, acetoin, 2.3 Pentanedione, ethyl alcohol, and lactulose. All sugar is sold under the Whitespoon brand in Zambia and overseas.
Zambia Sugar is the largest producer of sugar in Zambia.
It is reported a profit before tax at the end of 2011 of K46,831million and a profit after tax of K29,836.
An earnings per share of K4.41 and a dividend of K3.55
In Terms of being a stable investment it is very reliable for a defensive investor but if growth is what you are looking as an enterprising investor the prospects as analysed from its price to earnings ratio are less than optimistic.
Its Price to earnings ratio lies at 57.66 .This means its market price is about 57 times its reported earnings.This leaves low room for growth.
But in retrospect its price to book value also shows a slight opportunity for growth.Its price to book value stand at 0.85 in 2011.So assuming the market begins to accurately value its shares closer to 1 maybe there lies opportunity for value investing.
The stock records trade quite often so it may not be one for a very sensitive investor.
Take a look at the pdf summary file below.
| All Values in Millions ZMK (except Per Share) | FY 2011 |
|---|---|
| Period End Date | 3/31/2011 |
| Assets | |
| + Cash & Near Cash Items | 53,791.00 |
| + Short-Term Investments | 0.00 |
| + Accounts & Notes Receivable | 64,206.00 |
| + Inventories | 102,534.00 |
| + Other Current Assets | 344,603.00 |
| Total Current Assets | 565,134.00 |
| + LT Investments & LT Receivables | 0.00 |
| + Net Fixed Assets | 1,264,658.00 |
| + Other Long-Term Assets | 272,515.00 |
| Total Long-Term Assets | 1,537,173.00 |
| Total Assets | 2,102,307.00 |
| Liabilities & Shareholders' Equity | |
| + Accounts Payable | 94,811.00 |
| + Short-Term Borrowings | 371,356.00 |
| + Other Short-Term Liabilities | 86,835.00 |
| Total Current Liabilities | 553,002.00 |
| + Long-Term Borrowings | 779,216.00 |
| + Other Long-Term Liabilities | 35,701.00 |
| Total Long-Term Liabilities | 814,917.00 |
| Total Liabilities | 1,367,919.00 |
| + Total Preferred Equity | 0.00 |
| + Minority Interest | 28,558.00 |
| + Share Capital & APIC | 247,337.00 |
| + Retained Earnings & Other Equity | 458,493.00 |
| Total Equity | 734,388.00 |
| Total Liabilities & Equity | 2,102,307.00 |
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