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CAPRAL LIMITED (CAA)

CAPRAL LIMITED (CAA)

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General Information
Company Name: Capral Limited
Stock Code: CAA
Website: www.capral.com.au
GICS Sub-Industry: Aluminum
Market Cap ($M): 66
Equiv. Shares (M): 388

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.170 $ 0.170 $ 0.170 $ 0.170 $ 0.170 72 0%

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 10th Jan 2006
12 Month Target Price (average): $0
Brokers Surveyed: 0

Company Overview

Business Description:
Capral Limited (CAA) is engaged in the manufacturing, marketing and distribution of semi-fabricated aluminium products used in residential, commercial and industrial applications. CAA distributes its products via five distribution facilities, six regional centres and 12 metropolitan trade centres throughout Australia. CAA offers its products and services under the brands: Genesis; Platinum; Amplimesh; Juralco; AGS; Artisan; and Aqua Style.

Strategy Analysis:
Operating issues at the Bremar plant have mostly been resolved. Improved performance was the result of improved die management, capacity constraint issues being resolved, a reduction in production downtime and maintenance stoppages, and resolution of a number of problems in plant operating and production scheduling systems. CAA recently announced it will spend $8m to improve materials handling and packing. In August 2005, CAA acquired the Smart Aluminium, Crane Aluminium Systems and Crane Aluminium Extrusions businesses from Crane Group Limited. This will allow CAA to be more competitive with imported products, create substantial synergies (more than $10m p.a by 2008) and create manufacturing economies of scale.


Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A -8.0 -2.1 -223.5 0.0 0.0 0.0 --
2010  A 6.7 1.7 -- 11.1 0.0 0.0 --
2009  A -29.1 -27.5 -- 0.0 0.0 0.0 --
Source: Morningstar analyst estimates.

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Alumina (AWC) $2,184 M 0.5271 -- -- 17.6529 -- 13.0466 0.0660 0.0446 0.0880
Capral (CAA) $66 M -- -- -- -- -- -- 0.0000 0.0000 0.0000

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CAA 3.00 -- 0.42 -- 0.19
Market 1.12 11.1 0.96 2.31 2.55
Sector 0.41 9.48 1.05 1.04 14.3

Directors
Name Position Start Date
Mr Philip (Phil) John Jobe Chief Executive Officer,Managing Director 24 April 2009
Mr Michael Leslie Jefferies Non-Executive Director 06 November 2008
Mr Graeme Francis Pettigrew Non-Executive Director 18 June 2010
Mr Ian Blair Non-Executive Director 23 May 2006
Mr Anthony Mathew Eisen Non-Executive Director 29 August 2008
Mr Rex Leslie Wood-Ward Non-Executive Director,Non-Executive Chairman 06 November 2008

Management
Name Position
T. Campbell Chief Financial Officer
Richard Rolfe Company Secretary
A. Simmonds EGM Distribution
D. Munro EGM Distribution
M. Haszard EGM Manufacturing

Substantial Shareholders
Holding Name
38,750,398 (9.99%) Perpetual Limited and subsidiaries
183,728,118 (47.37%) Guiness Peat Group and GPG Nominees Pty Ltd
24,745,368 (6.38%) Acorn Capital Limited
71,356,553 (18.40%) Orbis Investment Management Ltd

Calendar of Events
Date Event
08 March 2013 Report (Annual)
20 February 2013 Report (Prelim)
17 August 2012 Report (Interim)
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