Adelaide Brighton Limited (ABC) - Research

$4.090 0.08 (2%)

ABC General Information +

ASX Code ABC
Website http://www.adbri.com.au
GICS Sub-Industry Construction Materials
Market Cap ($M) 2,671
Current Price $4.090
Day High $4.135
Day Low $4.010
Last Close $4.010
Price Movement $0.08 ( 2% )
Prices as at 16:35, 18 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Adelaide Brighton Limited (ABC)
BUY
below
HOLD
up to
SELL
above
Current Price
$4.090 as at 16:35, 18 Jun 2019

Price at review
$4.090 on 15 May 19

Max Portfolio Weighting

Business Risk

Share Price Risk

ABC Related Research

ABC Company Overview

Business Description

Adelaide Brighton Limited (ABC) is an integrated construction material and lime producing group of companies focused on the construction, engineering, infrastructure and resource sectors in Australia. ABC has three main operating divisions being: Cement, Lime, Concrete and Aggregates and Concrete Masonry Products.

ABC Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 204.84 31.41 14.60% 12.77 23.56 5.88% 100.0%
2019 F 178.79 27.41 1.00% 14.63 20.56 5.13% 100.0%
2018 A 177.00 27.14 4.80% 23.11 20.00 3.19% 100.0%

ABC Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Adelaide Brighton (ABC) $2,672M 0.0658 -0.0934 0.0669 14.1379 15.5953 14.6168 6.83% 4.88% 5.21%
Brickworks (BKW) $2,473M 0.0377 0.1888 -0.3352 12.0749 10.1575 15.2785 3.27% 3.30% 3.33%
Boral (BLD) $6,319M 0.1489 -0.0025 0.0402 13.5939 13.6283 13.1016 4.92% 4.94% 5.10%
Fletcher Building (FBU) $4,395M 0.0000 0.0000 -0.1711 0.0000 11.8746 14.3255 0.00% 5.04% 5.17%
James Hardie (JHX) $8,160M 0.5407 0.3098 0.1070 23.5182 17.9562 16.2212 2.75% 2.91% 3.34%

ABC Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.60 14.50 2.10 0.00
Market 0.88 17.00 1.49 1.65
Sector 1.40 12.60 1.22 0.70

ABC Directors

Name Position Start Date
Mr Kenneth Bruce Scott-Mackenzie Non-Executive Director 26 Jul 2010
Dr Vanessa Ann Guthrie Non-Executive Director 8 Feb 2018
Ms Arlene May Tansey Non-Executive Director 5 Apr 2011
Mr Geoffrey Robert Tarrant Non-Executive Director 8 Feb 2018
Ms Rhonda Barro Non-Executive Director 10 May 2019
Mr Raymond David Barro Non-Executive Director, Non-Executive Chairman 19 Aug 2008
Mr Zlatko Todorcevski Non-Executive Director, Non-Executive Deputy Chairman 22 Mar 2017

ABC Management

Name Position
Nick Miller Chief Executive Officer
Luba Alexander Corporate Affairs Adviser,Company Secretary
BD Lemmon Executive General Manager, Cement and Lime
BW Brown Executive General Manager, Concrete and Aggregates
AL Dell Executive General Manager, Concrete Products
Marcus Clayton General Counsel,Company Secretary

ABC Substantial Shareholders

Holding Name
279,710,424 (43%) Barro Properties Pty Ltd

ABC Calendar of Events

Date Event
08 April 2020 Report (Annual)
27 February 2020 Report (Prelim)
21 August 2019 Report (Interim)

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