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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » ACL CABLES PLC (ACL.N0000)

ACL CABLES PLC (ACL.N0000)

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51ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Mon Oct 05, 2015 10:48 am

Hawk Eye


Expert
Expert
@Hawk Eye wrote:
The principal raw materials used in the production of wires and cables are copper and aluminum as conductive materials and plastic and rubber for insulation. All the raw materials are at its lowest, therefore input cost of Cable companies are low and margins are high.
Copper decreased to 2.42 USD/LB on Wednesday September 16 from 2.43 USD/LB in the previous trading day. Copper averaged 3.11 from 2010 until 2015, reaching an all time high of 4.58 in February of 2011 and a record low of 2.24 in August of 2015

Aluminum decreased to 1613.50 USD/Tonne on Tuesday September 15 from 1621 USD/Tonne in the previous trading day. Aluminum averaged 1804.70 from 1989 until 2015, reaching an all time high of 3271.25 in July of 2008 and a record low of 1022.70 in November of 1993.




Rubber increased to 556 MYR/Kg on Monday September 14 from 553 MYR/Kg in the previous trading day. Rubber averaged 506 from 1990 until 2015, reaching an all time high of 1743 in February of 2011 and a record low of 194.50 in December of 2001.



http://www.tradingeconomics.com/commodity/copper




ACL cables
Revenue
2009/10---: 7,242 Mn
2010/11---: 9,569 Mn
2011/12---: 10,306 Mn
2012/13---: 11,326 Mn
2013/14---: 11,446 Mn
2014/15---: 14,427 Mn
Sales grown by 26% during the year 2014/15.
During the second half of 2014/15, there was a surge in sales in the Dealer market and in the Institutional market including the Ceylon Electricity Board which is our most important Customer. This was mainly due to the increase in infrastructure development activities of the Government as well as those of the Private sector… Annual Report 2014/15- MDs Review
 
Gross Profit
2009/10---: 16%
2010/11---: 13%
2011/12---: 17%
2012/13---: 16%
2013/14---: 17%
2014/15---:  18%
2015/16 Q1- 22%
 
As highlighted above, most of the raw material related  to cable production was high during 2011. It is clearly reflected in ACL cables performance  as well by reporting a low GP margin % for 2011.  As these metal prices started falling the GP margins also started improving for ACL where From 2012/13 onwards it has   gradually improved 1% every year


For the 1st Quarter of 2015/16 they have recorded a Revenue of  3,353Mn  and GP margin of 290Mn. GP margin is 22%. This is  where the value of the company going to be levered for this year
 
EPS
2014/15-Q1- 0.51
2014/15-Q2-2.86
2014/15-Q3-3.92
2014/15-Q4-7.26
 
 EPS 2014/15 - 14.55
 
2015/16-Q1- 4.41
Annualized – 17.64
Again the trend I note in the revenue and profit pattern are, they report a low revenue and profit for June Qtrs and keeps improving for the balance 3 Qtrs. Accordingly June  2015/16 Quarter has been a good start for them With a Revenue of 3.35Bn , GP margin 22% and EPS 4.41. They can end well even if they continue the same performance as Qtr 1.But I believe they will deliver much more
 
Cash Balance
2009/10---: 99 Mn
2010/11---: (284) Mn
2011/12---: 137 Mn
2012/13---: 402 Mn
2013/14---: 314 Mn
2014/15---:  631 Mn
 
2015/16 Q1 : 801 Mn
 
Very healthy cash position. This will reduce their finance cost in coming  Qtrs, and giving room for more expansions
    
Net  Assets/Share
2009/10---: 69.85
2010/11---: 70.45
2011/12---: 87.54
2012/13---: 95.48
2013/14---: 101.84
2014/15---:  123.39
 
2015/16 Q1 : 127.82


Smile

52ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Tue Oct 06, 2015 1:35 pm

Hawk Eye


Expert
Expert
Lovely going  Smile

53ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Tue Oct 06, 2015 2:03 pm

EquityChamp


Moderator
Moderator
Stagnating....

54ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Tue Oct 06, 2015 6:40 pm

roshana7549


Manager - Equity Analytics
Manager - Equity Analytics
This share should now take a small rest before continuing the run further, Preferably stabilizing the base around $120 mark for few days...

55ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Tue Oct 06, 2015 9:46 pm

ChateauC


Senior Equity Analytic
Senior Equity Analytic
Hmm best stock nowadays...

56ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Wed Oct 07, 2015 12:52 pm

SUSPENS

SUSPENS
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What happen to Karuna's TV series ?? lol! lol! lol!

57ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Wed Oct 07, 2015 12:56 pm

roshana7549


Manager - Equity Analytics
Manager - Equity Analytics
Current situation is good for ACL to stabilize in this price level, Before passing the Rs 130 mark

58ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Fri Oct 09, 2015 1:45 pm

Hawk Eye

Hawk Eye
Expert
Expert
Should be reporting good profit this time

59ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Fri Oct 09, 2015 1:53 pm

roshana7549


Manager - Equity Analytics
Manager - Equity Analytics
@Hawk Eye wrote:Should be reporting good profit this time

It seems few HNWI's , Institutional investors or Foreigners were collecting this share, , that is why ACL passed it's all time high today...

Can expect a very good run from Next Monday onwards..

I will provide more details later....

60ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Fri Oct 09, 2015 1:58 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
today pass Rs 130.00?

61ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Fri Oct 09, 2015 7:04 pm

roshana7549


Manager - Equity Analytics
Manager - Equity Analytics
@Harry82 wrote:today pass Rs 130.00?

With this momentum, ACL should pass Rs 130 mark next week, who knows even more.... Very Happy

62ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Thu Dec 17, 2015 1:18 pm

Bull Master


Senior Equity Analytic
Senior Equity Analytic
ACL should report great report for the Dec quarter. They have not taken in to account the HPWR repurchase profit for the Sep Q reports. The best defensive stock in the mkt now.

This will be a 2016 star performer.

63ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Tue Dec 22, 2015 10:36 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Feb 2016 target price is Rs 150.00

64ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Tue Dec 22, 2015 11:12 pm

DANIDU


Manager - Equity Analytics
Manager - Equity Analytics
http://capitaltrust.us11.list-manage.com/track/click?u=e967ee100b16f124932888c5f&id=728af3e45b&e=72fcabecae

65ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Tue Dec 22, 2015 11:35 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ACL will perform well in coming quarters.

*Corporate tax reduction
*Low copper price at world market
*Government projects to kick start
*It's Associate/subsidy companies are APLA & HPWR

Shocked Shocked Shocked

66ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Mon May 16, 2016 7:01 pm

mahasona


Equity Analytic
Equity Analytic
ACL is one of a most undervalued share in the market, currently trading below NAVPS,Investors don't like it because of lousy dividend policy and being a family business.

However this split news and next quarter report will bring this to a new high.

67ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Wed May 18, 2016 2:59 am

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ACL Cable paass 150/= soon Laughing Laughing

68ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Wed May 18, 2016 9:48 am

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Laughing Laughing Laughing

69ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Wed May 18, 2016 12:35 pm

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Don't miss the ACL . ACL 150/= soon

70ACL CABLES PLC (ACL.N0000) - Page 3 Empty ACL CABLES PLC (ACL.N0000) Thu May 19, 2016 8:27 am

EquityChamp

EquityChamp
Moderator
Moderator
ACL Cables is the pioneering cable manufacturing company in Sri Lanka and the ACL group is the largest in the Sri Lankan cable industry. ACL has added switch and sockets too to its product portfolio.

Following is the financial analysis of ACL Group.






 Q4 14Q1 15Q2 15Q3 15Q4 15Q1 16 FFY 15/16
Revenue46013425335333273019323312932
GP6698427408067548083108.25
GP %15%25%22%24%25%25%24%
NPAT for owners2354352642732572911085
NPAT %5%13%8%8%9%9%8%
The group is expected to post over a billion rupee profit with a forecasted EPS of Rs18.1. At CMP it is trading at a forward PE of 6.8. The company's future ROE is expected to be 12% while its ROME is as high as 15%. This indicates the fact that earnings capacity has not properly reflects I  the current share price.

With the recent interest of heavy institutional investors coupled with announced share split the share should move to a much higher prices. Based on ROE & ROME the share could value at over Rs150 in very short term and in the longer term it has the intrinsic value even to reach Rs200/-.

So it is recommended to buy and hold under current price levels.
Thanks

71ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Thu May 19, 2016 1:43 pm

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
alien alien alien alien

Very Happy Very Happy Very Happy Very Happy

72ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Tue May 24, 2016 3:50 pm

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I think current CMP is a great collect even for short term investors, because ACL will declare a healthy quarterly report with a nice dividend.also share subdivision dates announcement will push ACL pass 130

73ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Tue May 24, 2016 8:13 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
h

74ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Wed May 25, 2016 3:30 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
Equity Champ what about collecting this value GEM current cmp. Like to see your target price for ACL after subdivision

75ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Wed May 25, 2016 7:44 pm

hanuma


Manager - Equity Analytics
Manager - Equity Analytics
why this share not moving.

76ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Wed May 25, 2016 8:03 pm

EquityChamp

EquityChamp
Moderator
Moderator
@kassachandimal, I expect this to be traded around 70/72 range after subdivision. Further depending on the degree of market sentiment this target can be further lifted vise versa,

@hanuma, this will move to its deserved value when time comes. Lot of institutional support is needed and I can see this stock is getting their attention. The holders of ACL need to wait patiently. Its not a 'quick-buck' stock.

77ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Thu May 26, 2016 1:18 am

kassachandi


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks mr EC. U are correct. ACL should start it's second uptrend when quarterly reports and subdivision dates are announced

78ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Thu May 26, 2016 9:15 am

hanuma


Manager - Equity Analytics
Manager - Equity Analytics
thanks EC

79ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Fri May 27, 2016 5:20 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
Steady growth from ACL with annnuaize EPS of 18, also with the subdivision it has to trade between 70-75 after its subdivision. Notde EPF have also strengthen their hold in this quarter.  Thats a big plus point for ACL to have a uptrend very soon

80ACL CABLES PLC (ACL.N0000) - Page 3 Empty Re: ACL CABLES PLC (ACL.N0000) Fri May 27, 2016 5:27 pm

EquityChamp

EquityChamp
Moderator
Moderator
What do you think on my forecast. I forecasted revenue of 12.9bn and they produced 12.9bn and I forecasted PAT for equity holders 1.08bn and they produced 1.07bn.You can refer the top of this thread. Basketball

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