1. South Africa Stocks

  2. •

    Non-energy minerals

  3. •

    Aluminum
Hulamin Limited

Hulamin Limited

JJSE:HLM
224.00
ZAC
-6.00
(-2.61%)
50.59BMarket Cap
Mar 29Next Earn
Hulamin Limited
JSE:HLM
(Johannesburg Stock Exchange)

Recent

price

224.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ZAR
20.66
21.79
20.6
23.7
25.16
26.27
31.6
32.24
36.09
33.75
27.71
42.19
51.64
44.72
41.55
42.3
- -
Revenue per Share
0.26
0.25
0.09
-4.22
1.2
0.51
1.2
0.95
-2.42
-3.8
-0.78
1.92
0.97
0.88
0.8
-0.48
- -
Basic EPS, GAAP
-0.88
0.43
- -
0.42
0.57
-1.14
1.1
0.93
0.28
0.7
-1.62
0.27
-0.55
0.17
-1.92
-0.99
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.33
- -
0.15
0.15
0.18
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
13.05
12.96
13.4
9.57
12
12.06
13.6
14.55
11.9
8.15
7.54
9.47
10.48
11.47
12.28
11.89
12.59
Book Value per Share
12.96
12.83
13.22
9.46
11.81
11.85
13.38
14.34
11.76
8.1
7.43
9.36
10.37
11.22
12.06
11.69
12.33
Tangible Book Value per Share
281
317
318
319
320
320
320
320
320
317
308
308
308
308
308
308
308
Basic Weighted Avg Shares
5,809
6,905
6,542
7,560
8,039
8,395
10,099
10,304
11,534
10,709
8,549
13,015
15,930
13,796
12,819
13,049
- -
Sales/Revenue/Turnover
3.76
1.23
-0.21
2.44
5.31
1.17
5.48
5.7
1.95
-1
0.2
3.5
3.35
3.64
3.05
0.85
- -
Operating Margin (%)
193
210
222
210
118
149
186
216
241
136
64
87
103
135
165
178
- -
Depreciation Expense
73
80
29
-1,345
385
164
385
304
-773
-1,205
-240
591
300
272
246
-148
- -
Net Income, GAAP
29.54
27.05
23.74
- -
28.64
28.51
28.03
27.81
- -
- -
- -
- -
31.85
28.59
28.83
- -
- -
Effective Tax Rate (%)
1.26
1.15
0.45
-17.79
4.79
1.95
3.81
2.95
-6.71
-11.25
-2.8
4.54
1.88
1.97
1.92
-1.13
- -
Profit Margin (%)
1,156
1,346
1,552
1,291
1,627
1,389
1,809
2,059
2,227
1,767
1,516
1,908
2,100
2,199
1,950
3,040
3,599
Working Capital
628
628
557
- -
- -
216
162
108
54
34
47
41
47
52
13
1,659
1,868
LT Debt
4,610
4,756
4,748
3,403
3,834
3,855
4,347
4,649
3,803
2,537
2,326
2,923
3,233
3,539
3,788
3,668
3,884
Total Equity
2.84
2.22
1.39
- -
9.58
4.49
9.02
7.12
- -
- -
- -
- -
9.06
8.64
8.48
- -
- -
Return on Invested Capital (%)
1.36
2.23
1.4
- -
9.61
4.52
9.06
7.19
- -
- -
- -
- -
9.25
8.78
7.56
- -
- -
Return on Capital (%)
1.75
1.7
0.62
-33
10.64
4.26
9.39
6.75
-18.3
-38
-9.85
22.53
9.74
8.03
6.73
-3.96
- -
Return on Common Equity (%)

Capital Structure

ZAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
1,807
102
24
LT Borrowings
- -
1,621
1,842
LT Finance Leases
9
38
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
308
308
308
Market Capitalization
679
756
506

Working Capital

ZAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
5,224
4,922
5,657
Cash, Cash Equivalents & STI
207
60
140
Accounts Receivable, Net
1,373
678
1,129
Inventories
3,420
3,859
4,317
Total Current Liabilities
3,383
1,882
2,057
Payables & Accruals
- -
- -
- -
ST Debt
1,807
102
24
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.95%
9.92%
-3.14%
Free Cash Flow
-230.74%
-369.47%
-48.43%
Net Income, GAAP
-83.97%
-114.95%
-159.9%
Sales/Revenue/Turnover
6.29%
11.19%
1.8%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
12,819
2025
- -
- -
13,049
2026
- -
- -
- -

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.8
2025
- -
- -
-0.48
2026
- -
- -
- -

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Hulamin Limited is a South African mid-stream aluminium semi-fabricator that transforms primary aluminium into high-value rolled products and extruded products for packaging, engineering, automotive, transport, building, electrical and general engineering sectors. The company manufactures and supplies aluminium sheet, plate, foil and coil products with tight tolerances and complex specifications through its Hulamin Rolled Products division; produces rigid aluminium foil containers and related products via Hulamin Containers; and offers extruded aluminium products through Hulamin Extrusions, serving customers in automotive, renewable energy and durable consumer goods applications. Over 50% of sales occur in South Africa and regional Africa, with exports to Europe, North America, South America, the Middle East, Asia, Australia and Oceania; it operates primary facilities in Pietermaritzburg, KwaZulu-Natal, and Midrand, Gauteng. Founded in 1935 with roots in a 1940 registration as Aluminium Company of South Africa and headquartered at Moses Mabhida Road, Pietermaritzburg, the company listed on the Johannesburg Stock Exchange in 2007 under ticker HLM.JO following its name change from Hulett Aluminium. Recent developments include the March 2024 acquisition by Hulamin Operations of a 58.7% equity stake in Isizinda Aluminium for strategic expansion; completion of phases one and two, and commissioning of the final phase in mid-2025, of a multi-phase wide can-body expansion project to displace 23,000 tonnes per year of imports and enhance domestic market share with wide-width can sheet production ramping up in early 2026; shutdown of Hulamin Containers operations in June 2025 with asset wind-down and sale underway; and entry into negotiations in August 2025 for disposal of the underperforming extrusions business amid H1 2025 losses.