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General information

Sector: Industrials

The company is not available at Interactive Brokers

Bowler Metcalf Limited (JSE:BCF) was formed in 1972 and carries on the business of manufacturing plastics, plastic mouldings and property holdings.

Bowler Packaging

Bowler specializes in the manufacture of packaging for the personal care, household, pharmaceutical, and food and beverage markets, focusing on bespoke solutions. The group supplies the medium to large volumes & standards markets with a wide spectrum of offerings including mould manufacture and maintenance. Head Office is situated in Cape Town, with additional manufacturing and distribution sites also within Cape Town, Johannesburg and Durban.

Bowler Metcalf Limited has been listed on the JSE since 1987.



  • Bad financial results growth rate -23.4% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (-0.0%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 8.7% (LTM)
  • Share price is 55.3% higher than minimum and 10.4% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (6.6x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)11.65
Share price, USD: 0.6259
Common stocks: 74 703 863

Dividend Yield:  0.0%
FCF Yield LTM: 8.7%
EV / LTM EBITDA: 6.6x
Last revenue growth (y/y):  -14.9%
Last growth of EBITDA (y/y):  -31.9%
Historical revenue growth:  +5.3%
Historical growth of EBITDA:  -5.6%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 47
Net Debt ($m): -11
EV (Enterprise Value): 36
EBITDA LTM ($m): 5
EV / LTM EBITDA: 6.6x
Price to Book: 1.20x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

Insider trades

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-03-02
Cat 2 Acq by Bowler Plastics P/L (“Bowler Plastics”) of the business &assets of Skye Plastics P/L (“Skye Plastics")
2022-02-08
Summary of Condensed Unaudited Group Financial Results and Dividend Declaration for the 6 Months ended 31 Dec 2021
2022-02-04
Notification of Presentation to Analysts
2021-12-14
Erratum - Special Dividend Declaration Announcement
2021-12-09
Special Dividend Declaration
2021-11-18
Proposed Acquisition by Bowler Plastics Pty Ltd of the Business & Assets of Skye Plastics Pty Ltd
2021-11-08
Results of Annual General Meeting ("AGM")
2021-11-04
Intention to Declare a Special Dividend
2021-09-17
Posting of Integrated Annual Report, No Change Statement, Notice of AGM & B-BBEE Compliance Report
2021-09-07
Summary of Condensed Group Financial Results and Dividend Declaration for the year ended 30 June 2021
2021-09-03
Notification of Presentation to Analysts
2021-07-23
Change in Chairman and Roles of Directors

SENS Announcements

2024-04-22
Dealings in Securities by Associates of a Director
2024-02-06
SF Ann: Summary, Condensed Unaudited Group Financial Results for the 6 months ended 31 Dec 2023 & Div Declaration
2024-02-02
Notification of Presentation to Analysts
2024-01-23
Trading Statement
2023-11-08
Results of Annual General Meeting and Confirmation of Appointment of New Auditors
2023-09-05
Annual Financial Results, Y/E 30 June 2023, Dividend, Distribution of IAR, BBBEE Certificate & Details of AGM
2023-09-01
Change in Auditor
2023-09-01
Notification of Presentation to Analysts
2023-03-02
Cancellation and Delisting of Repurchased Shares
2023-02-07
Summary of Condensed Unaudited Group Financial Results for the 6 months ended 31 Dec 2022 & Dividend Declaration
2023-02-03
Notification of Presentation to Analysts
2022-11-11
Broad-Based Black Economic Empowerment Annual Compliance Certificate
2022-11-08
Results of Annual General Meeting ("AGM")
2022-09-16
Posting of Annual Report, No Change Statement, Notice of AGM & B-BBEE Annual Compliance Report
2022-09-06
Summary of Condensed Group Financial Results and Dividend Declaration for the Year Ended 30 June 2022
2022-09-05
Changes to the Board
2022-09-02
Notification of Presentation to Analysts
2022-08-22
Changes to the Board