View ValuationAfrimat 将来の成長Future 基準チェック /06Afrimatの収益は成長。EPSは成長すると45.4%年率で予測されます。主要情報n/a収益成長率45.41%EPS成長率Basic Materials 収益成長13.0%収益成長率4.5%将来の株主資本利益率16.25%アナリストカバレッジLow最終更新日25 May 2026今後の成長に関する最新情報Price Target Changed • May 24Price target decreased by 7.1% to R52.00Down from R56.00, the current price target is provided by 1 analyst. New target price is 61% above last closing price of R32.24. Stock is down 36% over the past year. The company is forecast to post earnings per share of R0.97 for next year compared to R0.63 last year.Price Target Changed • Oct 28Price target increased by 9.4% to R52.50Up from R48.00, the current price target is provided by 1 analyst. New target price is 19% above last closing price of R44.07. Stock is down 34% over the past year. The company is forecast to post earnings per share of R2.65 for next year compared to R0.63 last year.Major Estimate Revision • Oct 08Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R3.27 to R2.42 per share. Revenue forecast steady at R9.42b. Net income forecast to grow 288% next year vs 40% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R52.30 to R48.00. Share price rose 11% to R42.38 over the past week.Major Estimate Revision • Sep 17Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R4.42 to R3.27 per share. Revenue forecast steady at R9.40b. Net income forecast to grow 413% next year vs 42% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R63.40 to R52.30. Share price rose 4.8% to R38.50 over the past week.Major Estimate Revision • Jun 22Consensus EPS estimates fall by 21%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R5.63 to R4.42 per share. Revenue forecast steady at R9.43b. Net income forecast to grow 595% next year vs 36% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R70.00 to R63.40. Share price fell 9.0% to R45.70 over the past week.Major Estimate Revision • May 22Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from R11.6b to R9.39b. EPS estimate fell from R7.60 to R5.63 per share. Net income forecast to grow 805% next year vs 42% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R80.00 to R70.00. Share price was steady at R50.20 over the past week.すべての更新を表示Recent updatesDeclared Dividend • May 24First half dividend reduced to R0.13Dividend of R0.13 is 13% lower than last year. Ex-date: 10th June 2026 Payment date: 15th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 124%.Price Target Changed • May 24Price target decreased by 7.1% to R52.00Down from R56.00, the current price target is provided by 1 analyst. New target price is 61% above last closing price of R32.24. Stock is down 36% over the past year. The company is forecast to post earnings per share of R0.97 for next year compared to R0.63 last year.お知らせ • May 21Afrimat Limited, Annual General Meeting, Jul 29, 2026Afrimat Limited, Annual General Meeting, Jul 29, 2026. Location: tyger valley office park no. 2, corner of willie van schoor avenue & old oak road, tyger valley, 7530, South AfricaNew Risk • May 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported August 2025 fiscal period end). Profit margins are more than 30% lower than last year (1.7% net profit margin). Significant insider selling over the past 3 months (R8.9m sold).Buy Or Sell Opportunity • Apr 22Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to R34.21. The fair value is estimated to be R43.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 47%.お知らせ • Apr 14Afrimat Limited to Report Fiscal Year 2026 Results on May 21, 2026Afrimat Limited announced that they will report fiscal year 2026 results at 7:05 AM, South Africa Standard Time on May 21, 2026New Risk • Mar 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Significant insider selling over the past 3 months (R9.4m sold).Buy Or Sell Opportunity • Mar 03Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to R33.30. The fair value is estimated to be R43.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 195% in the next 2 years.New Risk • Feb 18New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: R5.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Significant insider selling over the past 3 months (R5.8m sold).Recent Insider Transactions • Feb 17Non-Executive Director recently sold R5.4m worth of stockOn the 13th of February, Loyiso Dotwana sold around 130k shares on-market at roughly R41.46 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R5.0m more than they bought in the last 12 months.Recent Insider Transactions • Jan 13Non-Executive Director recently sold R440k worth of stockOn the 9th of January, Loyiso Dotwana sold around 10k shares on-market at roughly R44.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought R392k more than they sold in the last 12 months.New Risk • Dec 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin).Recent Insider Transactions • Dec 12COO of Mining & Executive Director recently bought R84k worth of stockOn the 10th of December, Marthinus Odendaal bought around 2k shares on-market at roughly R38.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R1.3m more in shares than they bought in the last 12 months.Upcoming Dividend • Nov 12Upcoming dividend of R0.20 per shareEligible shareholders must have bought the stock before 19 November 2025. Payment date: 24 November 2025. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 0.8%. Lower than top quartile of South African dividend payers (7.9%). Lower than average of industry peers (3.5%).分析記事 • Oct 30Afrimat's (JSE:AFT) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe market rallied behind Afrimat Limited's ( JSE:AFT ) stock, leading do a rise in the share price after its recent...分析記事 • Oct 29Analysts Are Betting On Afrimat Limited (JSE:AFT) With A Big Upgrade This WeekCelebrations may be in order for Afrimat Limited ( JSE:AFT ) shareholders, with the analysts delivering a significant...Price Target Changed • Oct 28Price target increased by 9.4% to R52.50Up from R48.00, the current price target is provided by 1 analyst. New target price is 19% above last closing price of R44.07. Stock is down 34% over the past year. The company is forecast to post earnings per share of R2.65 for next year compared to R0.63 last year.Declared Dividend • Oct 26First half dividend of R0.20 announcedShareholders will receive a dividend of R0.20. Ex-date: 19th November 2025 Payment date: 24th November 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 89%.Buy Or Sell Opportunity • Oct 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.1% to R44.37. The fair value is estimated to be R56.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 54% per annum over the same time period.Major Estimate Revision • Oct 08Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R3.27 to R2.42 per share. Revenue forecast steady at R9.42b. Net income forecast to grow 288% next year vs 40% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R52.30 to R48.00. Share price rose 11% to R42.38 over the past week.Major Estimate Revision • Sep 17Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R4.42 to R3.27 per share. Revenue forecast steady at R9.40b. Net income forecast to grow 413% next year vs 42% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R63.40 to R52.30. Share price rose 4.8% to R38.50 over the past week.New Risk • Sep 16New major risk - Revenue and earnings growthEarnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.1% net profit margin).Major Estimate Revision • Jun 22Consensus EPS estimates fall by 21%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R5.63 to R4.42 per share. Revenue forecast steady at R9.43b. Net income forecast to grow 595% next year vs 36% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R70.00 to R63.40. Share price fell 9.0% to R45.70 over the past week.お知らせ • Jun 18Afrimat Limited to Report Fiscal Year 2025 Final Results on Jul 23, 2025Afrimat Limited announced that they will report fiscal year 2025 final results at 12:00 PM, South Africa Standard Time on Jul 23, 2025お知らせ • Jun 02Afrimat Limited, Annual General Meeting, Jul 23, 2025Afrimat Limited, Annual General Meeting, Jul 23, 2025.Recent Insider Transactions • May 29COO of Mining & Executive Director recently bought R749k worth of stockOn the 21st of May, Marthinus Odendaal bought around 2k shares on-market at roughly R499 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R1.3m more in shares than they bought in the last 12 months.Major Estimate Revision • May 22Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from R11.6b to R9.39b. EPS estimate fell from R7.60 to R5.63 per share. Net income forecast to grow 805% next year vs 42% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R80.00 to R70.00. Share price was steady at R50.20 over the past week.Declared Dividend • May 18Final dividend of R0.15 announcedShareholders will receive a dividend of R0.15. Ex-date: 4th June 2025 Payment date: 9th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 222% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • May 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.1% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.1% net profit margin).Reported Earnings • May 16Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: R0.63 (down from R5.20 in FY 2024). Revenue: R8.32b (up 37% from FY 2024). Net income: R95.6m (down 88% from FY 2024). Profit margin: 1.1% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 88%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.New Risk • May 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported August 2024 fiscal period end). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.New Risk • Mar 04New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Significant insider selling over the past 3 months (R2.2m sold).お知らせ • Feb 27+ 1 more updateAfrimat Limited to Report Fiscal Year 2025 Results on May 15, 2025Afrimat Limited announced that they will report fiscal year 2025 results on May 15, 2025お知らせ • Jan 15Afrimat Limited Appoints Andre Smith as Permanent Deputy CFOAfrimat Limited shareholders are referred to the SENS announcement released on 31 August 2023 whereby Mr. Pieter de Wit, was appointed as the integration officer for purposes of the Lafarge South Africa Holdings Proprietary Limited transaction ("Lafarge Transaction") and Mr. Andre Smith was appointed as deputy CFO over this interim period. In recognition of his contributions and capabilities, Mr. Smith has been appointed as the permanent Deputy CFO of the Company, also effective immediately.New Risk • Dec 19New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: R2.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (R2.2m sold).Recent Insider Transactions • Dec 19CFO & Director recently sold R2.2m worth of stockOn the 13th of December, Pieter Gabriel de Wit sold around 30k shares on-market at roughly R71.10 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Pieter Gabriel has been a net seller over the last 12 months, reducing personal holdings by R3.4m.Upcoming Dividend • Nov 13Upcoming dividend of R0.10 per shareEligible shareholders must have bought the stock before 20 November 2024. Payment date: 25 November 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of South African dividend payers (7.9%). Lower than average of industry peers (4.4%).Recent Insider Transactions • Nov 05Independent Non-Executive Director recently bought R1.7m worth of stockOn the 29th of October, Nicolaas Abraham Kruger bought around 25k shares on-market at roughly R67.53 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R1.6m more in shares than they bought in the last 12 months.Reported Earnings • Oct 28First half 2025 earnings released: EPS: R2.32 (vs R2.54 in 1H 2024)First half 2025 results: EPS: R2.32 (down from R2.54 in 1H 2024). Revenue: R4.10b (up 44% from 1H 2024). Net income: R351.0m (down 7.4% from 1H 2024). Profit margin: 8.6% (down from 13% in 1H 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Price Target Changed • Oct 27Price target decreased by 11% to R80.00Down from R90.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of R66.72. Stock is up 30% over the past year. The company is forecast to post earnings per share of R5.05 for next year compared to R5.20 last year.Declared Dividend • Oct 27First half dividend reduced to R0.10Dividend of R0.10 is 75% lower than last year. Ex-date: 20th November 2024 Payment date: 25th November 2024 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Oct 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).お知らせ • Oct 24Afrimat Limited Announces Interim Gross Dividend for the Six Months Ended 31 August 2024, Payable on 25 November 2024Afrimat Limited announced that an interim gross dividend, No. 35 of 10,0 cents per share, in respect of the six months ended 31 August 2024, was declared by the Board on 23 October 2024. Commence trading ex-dividend is 20 November 2024. Record date is 22 November 2024 and Dividend payable date is 25 November 2024.お知らせ • Oct 09Afrimat Limited Provides Earnings Guidance for the Six-Month Period Ended 31 August 2024Afrimat Limited provided earnings guidance for the six-month period ended 31 August 2024. For the period,the company earnings per share (EPS) is expected to be between 243.7 cents and 218.3 cents representing a decrease of between 4% and 14% compared to EPS of 253.9 cents reported for the period ended 31 August 2023; and headline earnings per share (HEPS) is expected to be between 65.9 cents and 39.5 cents representing a decrease of between 75% and 85% compared to HEPS of 263.4 cents reported for the period 31 August 2023.Recent Insider Transactions • Aug 30COO of Mining & Executive Director recently sold R535k worth of stockOn the 27th of August, Marthinus Odendaal sold around 8k shares on-market at roughly R66.90 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R1.0m. Insiders have been net sellers, collectively disposing of R3.3m more than they bought in the last 12 months.Recent Insider Transactions • Jul 09Executive Director recently sold R1.0m worth of stockOn the 3rd of July, Collin Ramukhubathi sold around 14k shares on-market at roughly R73.70 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R2.9m more than they bought in the last 12 months.New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.Recent Insider Transactions Derivative • Jun 18COO of Mining & Executive Director exercised options to buy R3.9m worth of stock.On the 14th of June, Marthinus Odendaal exercised options to buy 56k shares at a strike price of around R68.05, costing a total of R3.8m. This transaction amounted to 15% of their direct individual holding at the time of the trade. Since June 2023, Marthinus' direct individual holding has decreased from 371.98k shares to 371.48k. Company insiders have collectively bought R7.3m more than they sold, via options and on-market transactions, in the last 12 months.Declared Dividend • May 19Final dividend increased to R1.54Dividend of R1.54 is 40% higher than last year. Ex-date: 5th June 2024 Payment date: 10th June 2024 Dividend yield will be 2.8%, which is higher than the industry average of 2.5%.Reported Earnings • May 17Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: R5.20 (up from R4.57 in FY 2023). Revenue: R6.08b (up 24% from FY 2023). Net income: R788.7m (up 19% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • May 17Afrimat Limited Declares Final Gross Dividend for the Year Ended 29 February 2024, Payable on 10 June 2024Afrimat Limited announced that notice is hereby given that a final gross dividend, No. 34 of 154.0 cents per share, in respect of the year ended 29 February 2024, was declared on 15 May 2024. The total dividend payable is ZAR 245.9 million (2023: ZAR 175.7 million). The Board has confirmed by resolution that the solvency and liquidity test as contemplated by the Companies Act, No. 71 of 2008, has been duly considered, applied and satisfied. This is a dividend as defined in the Income Tax Act, 1962, and is payable from income reserves. The South African dividend tax rate is 20,0%. The net dividend payable to shareholders who are subject to dividend tax and shareholders who are exempt from dividend tax is 123.2 cents and 154.0 cents per share, respectively. Last day to trade cum dividend is 4 June 2024. Commence trading ex-dividend is 5 June 2024. Record date is 7 June 2024. Dividend payable on 10 June 2024. Share certificates may not be dematerialised or rematerialised between 5 June 2024 and 7 June 2024, both dates inclusive.New Risk • May 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Shareholders have been diluted in the past year (2.3% increase in shares outstanding).New Risk • Apr 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.お知らせ • Apr 16Afrimat Limited to Report Fiscal Year 2024 Results on May 15, 2024Afrimat Limited announced that they will report fiscal year 2024 results on May 15, 2024Recent Insider Transactions • Feb 11COO of Mining & Executive Director recently bought R122k worth of stockOn the 8th of February, Marthinus Odendaal bought around 2k shares on-market at roughly R61.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R1.9m more in shares than they bought in the last 12 months.Recent Insider Transactions • Jan 28CFO & Director recently sold R1.2m worth of stockOn the 24th of January, Pieter Gabriel de Wit sold around 20k shares on-market at roughly R61.91 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Pieter Gabriel's only on-market trade for the last 12 months.Upcoming Dividend • Nov 15Upcoming dividend of R0.40 per share at 2.7% yieldEligible shareholders must have bought the stock before 22 November 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of South African dividend payers (9.4%). Lower than average of industry peers (4.5%).Reported Earnings • Oct 30First half 2024 earnings released: EPS: R2.54 (vs R2.52 in 1H 2023)First half 2024 results: EPS: R2.54 (up from R2.52 in 1H 2023). Revenue: R2.84b (up 9.6% from 1H 2023). Net income: R379.1m (up 7.0% from 1H 2023). Profit margin: 13% (in line with 1H 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Oct 05An undisclosed buyer acquired unknown minority stake in Afrimat Limited (JSE:AFT) from Public Investment Corporation Limited.An undisclosed buyer acquired unknown minority stake in Afrimat Limited (JSE:AFT) from Public Investment Corporation Limited on October 4, 2023. Post completion of the acquisition, Public Investment Corporation Limited holds 19.279% of the Company’s total issued ordinary share capital. An undisclosed buyer completed the acquisition of unknown minority stake in Afrimat Limited (JSE:AFT) from Public Investment Corporation Limited on October 4, 2023.Recent Insider Transactions • Sep 03COO of Mining & Executive Director recently sold R149k worth of stockOn the 29th of August, Marthinus Odendaal sold around 3k shares on-market at roughly R59.73 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.お知らせ • Sep 01Afrimat Limited Announces Executive ChangesAfrimat shareholders are referred to the SENS announcement released on 20 June 2023 in relation to the acquisition of Lafarge South Africa Holdings Proprietary Limited. Given the complexity and importance of the successful implementation of the Transaction and the integration of LSA into the Afrimat group, the board will temporarily appoint the current chief financial officer ("CFO") and financial director, Mr. Pieter de Wit, as the integration officer for the Transaction when it becomes unconditional, for a period of circa 6 to 10 months. Whilst acting as the integration officer for the Transaction, Mr. Pieter de Wit will remain as the CFO and financial director of Afrimat and will ultimately remain responsible for the financial functions and obligations of Afrimat. In order to assist Mr. Pieter de Wit, with his CFO and financial director duties over this period, certain of his day-to-day responsibilities and duties will be delegated to Mr. Andre Smith, a qualified CA(SA) who will be appointed as deputy CFO over this interim period. Mr. Smith has been involved in the finance function at Afrimat for the past 17 years and will be supported by a highly competent finance team.Recent Insider Transactions Derivative • Jul 06COO of Mining & Executive Director exercised options to buy R3.2m worth of stock.On the 30th of June, Marthinus Odendaal exercised 80.00k options at around R26.79, then sold 25.19k of them at R62.65 each and kept the remainder. Since March 2023, Marthinus has owned 291.98k shares directly. Company insiders have collectively bought R17m more than they sold, via options and on-market transactions, in the last 12 months.お知らせ • Jun 27Afrimat Limited, Annual General Meeting, Aug 02, 2023Afrimat Limited, Annual General Meeting, Aug 02, 2023, at 14:00 South Africa Standard Time. Location: Protea Hotel, Durbanville, 99 Jip De Jager Drive Vineyards Office Estate, Tyger Valley Durbanville South Africaお知らせ • Jun 22Afrimat Limited (JSE:AFT) entered into a share purchase agreement to acquire Lafarge South Africa (Pty) Ltd. from Caricement BV for approximately ZAR 1 billion.Afrimat Limited (JSE:AFT) entered into a share purchase agreement to acquire Lafarge South Africa (Pty) Ltd. from Caricement BV for approximately ZAR 1 billion on June 19, 2023. Afrimat also agreed to repay Lafarge loan owning to Caricement equating ZAR 900 million. The transaction is subject to competition authorities, minister of mineral resources and energy of south Africia, the financial surveillance department of south african reserve bank. For period ended December 31, 2022, Lafarge reported Net asset of ZAR 1.4 billion.Upcoming Dividend • May 31Upcoming dividend of R1.10 per share at 2.9% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 12 June 2023. Trailing yield: 2.9%. Lower than top quartile of South African dividend payers (9.9%). Lower than average of industry peers (5.5%).Recent Insider Transactions Derivative • May 26CEO & Executive Director exercised options to buy R7.1m worth of stock.On the 22nd of May, Andries van Heerden exercised options to buy 135k shares at a strike price of around R52.30, costing a total of R7.1m. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. Since March 2023, Andries has owned 4.35m shares directly. Company insiders have collectively bought R17m more than they sold, via options and on-market transactions, in the last 12 months.お知らせ • May 19Afrimat Limited Declares Final Gross Dividend in Respect of the Year Ended 28 February 2023, Payable on 12 June 2023Afrimat Limited declared a final gross dividend, No. 32 of 110.0 cents per share, in respect of the year ended 28 February 2023, was on 17 May 2023. The total dividend payable is ZAR 175.7 million (2022: ZAR 213.7 million). The Board has confirmed that the solvency and liquidity test as contemplated by the Companies Act, No. 71 of 2008, has been duly considered, applied and satisfied. This is a dividend as defined in the Income Tax Act, 1962, and is payable from income reserves. The South African dividend tax rate is 20.0%. The net dividend payable to shareholders who are subject to dividend tax and shareholders who are exempt from dividend tax is 88.0 cents and 110.0 cents per share, respectively. Last day to trade cum dividend is 6 June 2023. Commence trading ex-dividend is 7 June 2023. Record date is 9 June 2023. Dividend payable date is 12 June 2023.お知らせ • Jan 28Afrimat Limited Appoints Nicolaas Kruger as A Non-Executive Board Member, with effect from 1 February 2023Afrimat Limited announce the appointment of Mr. Nicolaas Kruger as a non-executive board member with effect from 1 February 2023. Nicolaas holds a BCom (Mathematics, cum laude), is a Fellow of the Faculty of Actuaries (FFA) and a Fellow of the Actuarial Society of South Africa (FASSA). He completed an Advanced Management Programme at Oxford and is a qualified Chartered Director (CD(SA)). Nicolaas is an accomplished business executive with more than 30 years' experience. He has strong financial, risk management and actuarial skills, combined with strategic business acumen. Nicolaas has extensive experience playing an active role on boards and governance forums. He currently serves as a non-executive director of Sanlam Group, GeneralReinsurance Africa (Gen Re), Granor Passi, Griekwaland Wes Korporatief (GWK) (chairman), Brenn-O-Kem (chairman) and various private companies. Nicolaas served as CEO of Momentum Metropolitan Holdings for several years (up to the beginning of 2018).Upcoming Dividend • Nov 16Upcoming dividend of R0.40 per shareEligible shareholders must have bought the stock before 23 November 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of South African dividend payers (8.7%). Lower than average of industry peers (6.6%).Reported Earnings • Oct 28First half 2023 earnings released: EPS: R2.52 (vs R2.92 in 1H 2022)First half 2023 results: EPS: R2.52 (down from R2.92 in 1H 2022). Revenue: R2.60b (up 7.2% from 1H 2022). Net income: R354.2m (down 12% from 1H 2022). Profit margin: 14% (down from 17% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 14Afrimat Limited to Report Q2, 2023 Results on Oct 27, 2022Afrimat Limited announced that they will report Q2, 2023 results on Oct 27, 2022Recent Insider Transactions • Aug 08Independent Non-Executive Director recently bought R259k worth of stockOn the 2nd of August, Jacobus van der Merwe bought around 5k shares on-market at roughly R51.70 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R12m more in shares than they bought in the last 12 months.お知らせ • Jun 25Afrimat Limited, Annual General Meeting, Aug 03, 2022Afrimat Limited, Annual General Meeting, Aug 03, 2022, at 14:00 South Africa Standard Time. Location: Protea Hotel, Durbanville, 99 Jip De Jager Drive Vineyards Office Estate, Tyger Valley, 7530 Cape Town South AfricaUpcoming Dividend • Jun 01Upcoming dividend of R1.46 per shareEligible shareholders must have bought the stock before 08 June 2022. Payment date: 13 June 2022. Trailing yield: 2.4%. Lower than top quartile of South African dividend payers (7.9%). Lower than average of industry peers (5.9%).お知らせ • Apr 27Afrimat Limited Appoints Sisanda Tuku as Non-Executive Board MemberThe board of directors of Afrimat Limited announced shareholders of the following changes to the board and its audit and risk committee with effect from 1 May 2022: The board announced the appointment of Ms. Sisanda Tuku (Ms Tuku) as a non-executive board member. Ms. Tuku has been appointed as a member of the audit and risk committee of the company. Ms. Tuku is currently the chief executive officer of THEZA Capital (Pty) Ltd.お知らせ • Apr 12Afrimat Limited to Report Fiscal Year 2022 Results on May 19, 2022Afrimat Limited announced that they will report fiscal year 2022 results on May 19, 2022Recent Insider Transactions Derivative • Mar 01CEO & Executive Director exercised options to buy R3.7m worth of stock.On the 25th of February, Andries van Heerden exercised options to buy 58k shares at a strike price of around R66.37, costing a total of R3.8m. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. Since June 2021, Andries' direct individual holding has increased from 4.95m shares to 5.04m. Company insiders have collectively bought R5.7m more than they sold, via options and on-market transactions, in the last 12 months.Recent Insider Transactions • Jan 26Independent Chairman recently sold R12m worth of stockOn the 21st of January, Marthinus von Wielligh sold around 200k shares on-market at roughly R60.20 per share. This was the largest sale by an insider in the last 3 months. This was Marthinus' only on-market trade for the last 12 months.お知らせ • Dec 11Afrimat Limited (JSE:AFT) agreed to acquire Glenover Phosphate (Pty) Ltd from Fer-Min-Ore Proprietary Limited and others for ZAR 550 million.Afrimat Limited (JSE:AFT) agreed to acquire Glenover Phosphate (Pty) Ltd from Fer-Min-Ore Proprietary Limited and others for ZAR 550 million on December 8, 2021. The consideration consisting of ZAR 300 million for the assets and an option at Afrimat’s sole discretion, to purchase 100% of Glenover’s shares for ZAR 250 million. This dedicated project team is planning to commence mining operations as soon as all the statutory approvals have been received and the business plan is approved.Recent Insider Transactions Derivative • Dec 03CFO & Director exercised options to buy R1.9m worth of stock.On the 30th of November, Pieter Gabriel de Wit exercised options to buy 36k shares at a strike price of around R51.25, costing a total of R1.8m. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since March 2021, Pieter Gabriel's direct individual holding has increased from 209.33k shares to 247.75k. Company insiders have collectively bought R13m more than they sold, via options and on-market transactions, in the last 12 months.Upcoming Dividend • Nov 24Upcoming dividend of R0.40 per shareEligible shareholders must have bought the stock before 01 December 2021. Payment date: 06 December 2021. Trailing yield: 2.9%. Lower than top quartile of South African dividend payers (7.6%). Lower than average of industry peers (4.4%).Recent Insider Transactions • Nov 16Independent Non-Executive Director recently bought R128k worth of stockOn the 10th of November, Jacobus van der Merwe bought around 3k shares on-market at roughly R51.00 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R4.5m more in shares than they bought in the last 12 months.Recent Insider Transactions Derivative • Nov 12CEO & Executive Director exercised options to buy R8.6m worth of stock.On the 9th of November, Andries van Heerden exercised options to buy 166k shares at a strike price of around R51.70, costing a total of R8.6m. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. Since March 2021, Andries has owned 4.95m shares directly. Company insiders have collectively bought R9.6m more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Nov 10First half 2022 earnings released: EPS R2.92 (vs R1.84 in 1H 2021)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2022 results: Revenue: R2.42b (up 55% from 1H 2021). Net income: R402.1m (up 62% from 1H 2021). Profit margin: 17% (in line with 1H 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Aug 01Key Executive recently sold R4.1m worth of stockOn the 29th of July, Francois Louw sold around 70k shares on-market at roughly R59.00 per share. This was the largest sale by an insider in the last 3 months. This was Francois' only on-market trade for the last 12 months.Upcoming Dividend • Jun 08Upcoming dividend of R1.12 per shareEligible shareholders must have bought the stock before 15 June 2021. Payment date: 21 June 2021. Trailing yield: 2.9%. Lower than top quartile of South African dividend payers (7.7%). Lower than average of industry peers (4.9%).Reported Earnings • May 31Full year 2021 earnings released: EPS R4.44 (vs R3.42 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R3.69b (up 12% from FY 2020). Net income: R601.3m (up 30% from FY 2020). Profit margin: 16% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • May 28Afrimat Limited Announces Final Gross Dividend for the Year Ended February 28, 2021, Payable on 21 June 2021Afrimat Limited announced that a final gross dividend, No 28 of 112,0 cents per share, in respect of the year ended 28 February 2021, was declared on 26 May 2021. There are 146,144,764 shares in issue at reporting date,of which 8,545,257 are held in treasury. The total dividend payable is ZAR 163,7 million (2020: ZAR 116,0 million). The Board has confirmed by resolution that the solvency and liquidity test as contemplated by the Companies Act, No 71 of 2008 has been duly considered, applied and satisfied. Last day to trade cum dividend is 14 June 2021. Record date is 18 June 2021. Payment date is 21 June 2021.お知らせ • May 22Afrimat Limited (JSE:AFT) agreed to acquire Gravenhage Manganese Mining RIght and Associated Assets from Rakana Consolidated Mines Pty Ltd and Aquila Steel (S Africa) Proprietary Limited in the Northern Cape for ZAR 650 million.Afrimat Limited (JSE:AFT) agreed to acquire Gravenhage Manganese Mining RIght and Associated Assets from Rakana Consolidated Mines Pty Ltd and Aquila Steel (S Africa) Proprietary Limited in the Northern Cape for ZAR 650 million on May 21, 2021. There are conditions precedent that include approval in terms of section 11 of the Mineral and Petroleum Resources Development Act, Competition Commission approval, the granting of a water use license, and approval having been obtained by Aquila Steel (S Africa) Proprietary Limited from the Chinese State-owned Assets Supervision and Administration Commission of the State Council (“SASAC”) for the sale of the assets and the assumption of the assumed liabilities as contemplated in the agreement.お知らせ • Mar 06On behalf of clients, Public Investment Corporation SOC Limited acquired an unknown stake in Afrimat Limited (JSE:AFT).On behalf of clients, Public Investment Corporation SOC Limited acquired an unknown stake in Afrimat Limited (JSE:AFT) on March 4, 2021. Stake held by Public Investment Corporation SOC, on behalf of its clients amounts to 7.213% in Afrimat. On behalf of clients, Public Investment Corporation SOC Limited completed the acquisition of an unknown stake in Afrimat Limited (JSE:AFT) on March 4, 2021.分析記事 • Mar 04Afrimat (JSE:AFT) Has Gifted Shareholders With A Fantastic 119% Total Return On Their InvestmentWhen we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying...分析記事 • Feb 18Have Afrimat Limited (JSE:AFT) Insiders Been Selling Their Stock?We note that the Afrimat Limited ( JSE:AFT ) Independent Non Executive Director, Hendrik Johannes van Wyk, recently...お知らせ • Feb 18Afrimat Limited Announces Executive ChangesAfrimat Limited announced that the current lead independent director of the company, Mr. FM Louw, has been appointed as the deputy chairman of the board. Mr. FM Louw has also been appointed as a member of the Audit and Risk Committee of the company and Mr. JF van der Merwe has been appointed as a member of the Investment Review Committee of the company. The changes are effective immediately.分析記事 • Feb 16Afrimat (JSE:AFT) Has A Rock Solid Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Feb 15New 90-day high: R44.27The company is up 13% from its price of R39.18 on 17 November 2020. The South African market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 15% over the same period.業績と収益の成長予測JSE:AFT - アナリストの将来予測と過去の財務データ ( )ZAR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数2/28/202911,688N/A1,0651,71922/29/202811,164N/A9941,62522/28/202710,094N/A8361,40922/28/202610,909N/A13377428/31/20259,54416443647N/A5/31/20258,931130-230443N/A2/28/20258,31896-502240N/A11/30/20247,830162-454313N/A8/31/20247,343491-256387N/A5/31/20246,713636143812N/A2/29/20246,0837825421,237N/A11/30/20235,6207342661,009N/A8/31/20235,157686-11781N/A5/31/20235,03267483884N/A2/28/20234,908661177987N/A11/30/20224,881693110851N/A8/31/20224,85472543714N/A5/31/20224,76774988725N/A2/28/20224,680773133737N/A11/30/20214,618850433988N/A8/31/20214,5579287341,240N/A5/31/20214,1258516561,004N/A2/28/20213,694774577768N/A11/30/20203,418618509677N/A8/31/20203,143462441586N/A5/31/20203,224462482631N/A2/29/20203,304463523677N/A11/30/20193,278441N/AN/AN/A8/31/20193,251420592690N/A5/31/20193,109361N/A550N/A2/28/20192,966301N/A410N/A11/30/20182,799269N/AN/AN/A8/31/20182,631236N/A306N/A5/31/20182,506241N/A253N/A2/28/20182,381246N/A201N/A11/30/20172,320262N/AN/AN/A8/31/20172,259279N/A333N/A5/31/20172,244278N/A369N/A2/28/20172,228278N/A406N/A11/30/20162,174265N/A371N/A8/31/20162,120253N/A335N/A5/31/20162,045238N/A328N/A2/29/20161,970222N/A320N/A11/30/20151,971220N/A303N/A8/31/20151,972218N/A286N/A5/31/20151,985208N/A274N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: AFTの予測収益成長が 貯蓄率 ( 9.8% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: AFTの収益がZA市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: AFTの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: AFTの収益 ( 4.5% ) ZA市場 ( 6.9% ) よりも低い成長が予測されています。高い収益成長: AFTの収益 ( 4.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: AFTの 自己資本利益率 は、3年後には低くなると予測されています ( 16.2 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/30 10:56終値2026/05/29 00:00収益2025/08/31年間収益2025/02/28データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Afrimat Limited 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Rowan GoellerChronux ResearchRowan GoellerMacquarie Researchnull nullMerchantec (Proprietary) Limited
Price Target Changed • May 24Price target decreased by 7.1% to R52.00Down from R56.00, the current price target is provided by 1 analyst. New target price is 61% above last closing price of R32.24. Stock is down 36% over the past year. The company is forecast to post earnings per share of R0.97 for next year compared to R0.63 last year.
Price Target Changed • Oct 28Price target increased by 9.4% to R52.50Up from R48.00, the current price target is provided by 1 analyst. New target price is 19% above last closing price of R44.07. Stock is down 34% over the past year. The company is forecast to post earnings per share of R2.65 for next year compared to R0.63 last year.
Major Estimate Revision • Oct 08Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R3.27 to R2.42 per share. Revenue forecast steady at R9.42b. Net income forecast to grow 288% next year vs 40% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R52.30 to R48.00. Share price rose 11% to R42.38 over the past week.
Major Estimate Revision • Sep 17Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R4.42 to R3.27 per share. Revenue forecast steady at R9.40b. Net income forecast to grow 413% next year vs 42% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R63.40 to R52.30. Share price rose 4.8% to R38.50 over the past week.
Major Estimate Revision • Jun 22Consensus EPS estimates fall by 21%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R5.63 to R4.42 per share. Revenue forecast steady at R9.43b. Net income forecast to grow 595% next year vs 36% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R70.00 to R63.40. Share price fell 9.0% to R45.70 over the past week.
Major Estimate Revision • May 22Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from R11.6b to R9.39b. EPS estimate fell from R7.60 to R5.63 per share. Net income forecast to grow 805% next year vs 42% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R80.00 to R70.00. Share price was steady at R50.20 over the past week.
Declared Dividend • May 24First half dividend reduced to R0.13Dividend of R0.13 is 13% lower than last year. Ex-date: 10th June 2026 Payment date: 15th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 124%.
Price Target Changed • May 24Price target decreased by 7.1% to R52.00Down from R56.00, the current price target is provided by 1 analyst. New target price is 61% above last closing price of R32.24. Stock is down 36% over the past year. The company is forecast to post earnings per share of R0.97 for next year compared to R0.63 last year.
お知らせ • May 21Afrimat Limited, Annual General Meeting, Jul 29, 2026Afrimat Limited, Annual General Meeting, Jul 29, 2026. Location: tyger valley office park no. 2, corner of willie van schoor avenue & old oak road, tyger valley, 7530, South Africa
New Risk • May 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported August 2025 fiscal period end). Profit margins are more than 30% lower than last year (1.7% net profit margin). Significant insider selling over the past 3 months (R8.9m sold).
Buy Or Sell Opportunity • Apr 22Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to R34.21. The fair value is estimated to be R43.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 47%.
お知らせ • Apr 14Afrimat Limited to Report Fiscal Year 2026 Results on May 21, 2026Afrimat Limited announced that they will report fiscal year 2026 results at 7:05 AM, South Africa Standard Time on May 21, 2026
New Risk • Mar 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Significant insider selling over the past 3 months (R9.4m sold).
Buy Or Sell Opportunity • Mar 03Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to R33.30. The fair value is estimated to be R43.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 195% in the next 2 years.
New Risk • Feb 18New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: R5.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Significant insider selling over the past 3 months (R5.8m sold).
Recent Insider Transactions • Feb 17Non-Executive Director recently sold R5.4m worth of stockOn the 13th of February, Loyiso Dotwana sold around 130k shares on-market at roughly R41.46 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R5.0m more than they bought in the last 12 months.
Recent Insider Transactions • Jan 13Non-Executive Director recently sold R440k worth of stockOn the 9th of January, Loyiso Dotwana sold around 10k shares on-market at roughly R44.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought R392k more than they sold in the last 12 months.
New Risk • Dec 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin).
Recent Insider Transactions • Dec 12COO of Mining & Executive Director recently bought R84k worth of stockOn the 10th of December, Marthinus Odendaal bought around 2k shares on-market at roughly R38.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R1.3m more in shares than they bought in the last 12 months.
Upcoming Dividend • Nov 12Upcoming dividend of R0.20 per shareEligible shareholders must have bought the stock before 19 November 2025. Payment date: 24 November 2025. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 0.8%. Lower than top quartile of South African dividend payers (7.9%). Lower than average of industry peers (3.5%).
分析記事 • Oct 30Afrimat's (JSE:AFT) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe market rallied behind Afrimat Limited's ( JSE:AFT ) stock, leading do a rise in the share price after its recent...
分析記事 • Oct 29Analysts Are Betting On Afrimat Limited (JSE:AFT) With A Big Upgrade This WeekCelebrations may be in order for Afrimat Limited ( JSE:AFT ) shareholders, with the analysts delivering a significant...
Price Target Changed • Oct 28Price target increased by 9.4% to R52.50Up from R48.00, the current price target is provided by 1 analyst. New target price is 19% above last closing price of R44.07. Stock is down 34% over the past year. The company is forecast to post earnings per share of R2.65 for next year compared to R0.63 last year.
Declared Dividend • Oct 26First half dividend of R0.20 announcedShareholders will receive a dividend of R0.20. Ex-date: 19th November 2025 Payment date: 24th November 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 89%.
Buy Or Sell Opportunity • Oct 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.1% to R44.37. The fair value is estimated to be R56.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 54% per annum over the same time period.
Major Estimate Revision • Oct 08Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R3.27 to R2.42 per share. Revenue forecast steady at R9.42b. Net income forecast to grow 288% next year vs 40% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R52.30 to R48.00. Share price rose 11% to R42.38 over the past week.
Major Estimate Revision • Sep 17Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R4.42 to R3.27 per share. Revenue forecast steady at R9.40b. Net income forecast to grow 413% next year vs 42% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R63.40 to R52.30. Share price rose 4.8% to R38.50 over the past week.
New Risk • Sep 16New major risk - Revenue and earnings growthEarnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.1% net profit margin).
Major Estimate Revision • Jun 22Consensus EPS estimates fall by 21%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R5.63 to R4.42 per share. Revenue forecast steady at R9.43b. Net income forecast to grow 595% next year vs 36% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R70.00 to R63.40. Share price fell 9.0% to R45.70 over the past week.
お知らせ • Jun 18Afrimat Limited to Report Fiscal Year 2025 Final Results on Jul 23, 2025Afrimat Limited announced that they will report fiscal year 2025 final results at 12:00 PM, South Africa Standard Time on Jul 23, 2025
お知らせ • Jun 02Afrimat Limited, Annual General Meeting, Jul 23, 2025Afrimat Limited, Annual General Meeting, Jul 23, 2025.
Recent Insider Transactions • May 29COO of Mining & Executive Director recently bought R749k worth of stockOn the 21st of May, Marthinus Odendaal bought around 2k shares on-market at roughly R499 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R1.3m more in shares than they bought in the last 12 months.
Major Estimate Revision • May 22Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from R11.6b to R9.39b. EPS estimate fell from R7.60 to R5.63 per share. Net income forecast to grow 805% next year vs 42% growth forecast for Basic Materials industry in South Africa. Consensus price target down from R80.00 to R70.00. Share price was steady at R50.20 over the past week.
Declared Dividend • May 18Final dividend of R0.15 announcedShareholders will receive a dividend of R0.15. Ex-date: 4th June 2025 Payment date: 9th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 222% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • May 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.1% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.1% net profit margin).
Reported Earnings • May 16Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: R0.63 (down from R5.20 in FY 2024). Revenue: R8.32b (up 37% from FY 2024). Net income: R95.6m (down 88% from FY 2024). Profit margin: 1.1% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 88%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
New Risk • May 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported August 2024 fiscal period end). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
New Risk • Mar 04New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Significant insider selling over the past 3 months (R2.2m sold).
お知らせ • Feb 27+ 1 more updateAfrimat Limited to Report Fiscal Year 2025 Results on May 15, 2025Afrimat Limited announced that they will report fiscal year 2025 results on May 15, 2025
お知らせ • Jan 15Afrimat Limited Appoints Andre Smith as Permanent Deputy CFOAfrimat Limited shareholders are referred to the SENS announcement released on 31 August 2023 whereby Mr. Pieter de Wit, was appointed as the integration officer for purposes of the Lafarge South Africa Holdings Proprietary Limited transaction ("Lafarge Transaction") and Mr. Andre Smith was appointed as deputy CFO over this interim period. In recognition of his contributions and capabilities, Mr. Smith has been appointed as the permanent Deputy CFO of the Company, also effective immediately.
New Risk • Dec 19New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: R2.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (R2.2m sold).
Recent Insider Transactions • Dec 19CFO & Director recently sold R2.2m worth of stockOn the 13th of December, Pieter Gabriel de Wit sold around 30k shares on-market at roughly R71.10 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Pieter Gabriel has been a net seller over the last 12 months, reducing personal holdings by R3.4m.
Upcoming Dividend • Nov 13Upcoming dividend of R0.10 per shareEligible shareholders must have bought the stock before 20 November 2024. Payment date: 25 November 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of South African dividend payers (7.9%). Lower than average of industry peers (4.4%).
Recent Insider Transactions • Nov 05Independent Non-Executive Director recently bought R1.7m worth of stockOn the 29th of October, Nicolaas Abraham Kruger bought around 25k shares on-market at roughly R67.53 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R1.6m more in shares than they bought in the last 12 months.
Reported Earnings • Oct 28First half 2025 earnings released: EPS: R2.32 (vs R2.54 in 1H 2024)First half 2025 results: EPS: R2.32 (down from R2.54 in 1H 2024). Revenue: R4.10b (up 44% from 1H 2024). Net income: R351.0m (down 7.4% from 1H 2024). Profit margin: 8.6% (down from 13% in 1H 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Price Target Changed • Oct 27Price target decreased by 11% to R80.00Down from R90.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of R66.72. Stock is up 30% over the past year. The company is forecast to post earnings per share of R5.05 for next year compared to R5.20 last year.
Declared Dividend • Oct 27First half dividend reduced to R0.10Dividend of R0.10 is 75% lower than last year. Ex-date: 20th November 2024 Payment date: 25th November 2024 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Oct 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
お知らせ • Oct 24Afrimat Limited Announces Interim Gross Dividend for the Six Months Ended 31 August 2024, Payable on 25 November 2024Afrimat Limited announced that an interim gross dividend, No. 35 of 10,0 cents per share, in respect of the six months ended 31 August 2024, was declared by the Board on 23 October 2024. Commence trading ex-dividend is 20 November 2024. Record date is 22 November 2024 and Dividend payable date is 25 November 2024.
お知らせ • Oct 09Afrimat Limited Provides Earnings Guidance for the Six-Month Period Ended 31 August 2024Afrimat Limited provided earnings guidance for the six-month period ended 31 August 2024. For the period,the company earnings per share (EPS) is expected to be between 243.7 cents and 218.3 cents representing a decrease of between 4% and 14% compared to EPS of 253.9 cents reported for the period ended 31 August 2023; and headline earnings per share (HEPS) is expected to be between 65.9 cents and 39.5 cents representing a decrease of between 75% and 85% compared to HEPS of 263.4 cents reported for the period 31 August 2023.
Recent Insider Transactions • Aug 30COO of Mining & Executive Director recently sold R535k worth of stockOn the 27th of August, Marthinus Odendaal sold around 8k shares on-market at roughly R66.90 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R1.0m. Insiders have been net sellers, collectively disposing of R3.3m more than they bought in the last 12 months.
Recent Insider Transactions • Jul 09Executive Director recently sold R1.0m worth of stockOn the 3rd of July, Collin Ramukhubathi sold around 14k shares on-market at roughly R73.70 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R2.9m more than they bought in the last 12 months.
New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
Recent Insider Transactions Derivative • Jun 18COO of Mining & Executive Director exercised options to buy R3.9m worth of stock.On the 14th of June, Marthinus Odendaal exercised options to buy 56k shares at a strike price of around R68.05, costing a total of R3.8m. This transaction amounted to 15% of their direct individual holding at the time of the trade. Since June 2023, Marthinus' direct individual holding has decreased from 371.98k shares to 371.48k. Company insiders have collectively bought R7.3m more than they sold, via options and on-market transactions, in the last 12 months.
Declared Dividend • May 19Final dividend increased to R1.54Dividend of R1.54 is 40% higher than last year. Ex-date: 5th June 2024 Payment date: 10th June 2024 Dividend yield will be 2.8%, which is higher than the industry average of 2.5%.
Reported Earnings • May 17Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: R5.20 (up from R4.57 in FY 2023). Revenue: R6.08b (up 24% from FY 2023). Net income: R788.7m (up 19% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • May 17Afrimat Limited Declares Final Gross Dividend for the Year Ended 29 February 2024, Payable on 10 June 2024Afrimat Limited announced that notice is hereby given that a final gross dividend, No. 34 of 154.0 cents per share, in respect of the year ended 29 February 2024, was declared on 15 May 2024. The total dividend payable is ZAR 245.9 million (2023: ZAR 175.7 million). The Board has confirmed by resolution that the solvency and liquidity test as contemplated by the Companies Act, No. 71 of 2008, has been duly considered, applied and satisfied. This is a dividend as defined in the Income Tax Act, 1962, and is payable from income reserves. The South African dividend tax rate is 20,0%. The net dividend payable to shareholders who are subject to dividend tax and shareholders who are exempt from dividend tax is 123.2 cents and 154.0 cents per share, respectively. Last day to trade cum dividend is 4 June 2024. Commence trading ex-dividend is 5 June 2024. Record date is 7 June 2024. Dividend payable on 10 June 2024. Share certificates may not be dematerialised or rematerialised between 5 June 2024 and 7 June 2024, both dates inclusive.
New Risk • May 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Shareholders have been diluted in the past year (2.3% increase in shares outstanding).
New Risk • Apr 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
お知らせ • Apr 16Afrimat Limited to Report Fiscal Year 2024 Results on May 15, 2024Afrimat Limited announced that they will report fiscal year 2024 results on May 15, 2024
Recent Insider Transactions • Feb 11COO of Mining & Executive Director recently bought R122k worth of stockOn the 8th of February, Marthinus Odendaal bought around 2k shares on-market at roughly R61.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R1.9m more in shares than they bought in the last 12 months.
Recent Insider Transactions • Jan 28CFO & Director recently sold R1.2m worth of stockOn the 24th of January, Pieter Gabriel de Wit sold around 20k shares on-market at roughly R61.91 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Pieter Gabriel's only on-market trade for the last 12 months.
Upcoming Dividend • Nov 15Upcoming dividend of R0.40 per share at 2.7% yieldEligible shareholders must have bought the stock before 22 November 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of South African dividend payers (9.4%). Lower than average of industry peers (4.5%).
Reported Earnings • Oct 30First half 2024 earnings released: EPS: R2.54 (vs R2.52 in 1H 2023)First half 2024 results: EPS: R2.54 (up from R2.52 in 1H 2023). Revenue: R2.84b (up 9.6% from 1H 2023). Net income: R379.1m (up 7.0% from 1H 2023). Profit margin: 13% (in line with 1H 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Oct 05An undisclosed buyer acquired unknown minority stake in Afrimat Limited (JSE:AFT) from Public Investment Corporation Limited.An undisclosed buyer acquired unknown minority stake in Afrimat Limited (JSE:AFT) from Public Investment Corporation Limited on October 4, 2023. Post completion of the acquisition, Public Investment Corporation Limited holds 19.279% of the Company’s total issued ordinary share capital. An undisclosed buyer completed the acquisition of unknown minority stake in Afrimat Limited (JSE:AFT) from Public Investment Corporation Limited on October 4, 2023.
Recent Insider Transactions • Sep 03COO of Mining & Executive Director recently sold R149k worth of stockOn the 29th of August, Marthinus Odendaal sold around 3k shares on-market at roughly R59.73 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
お知らせ • Sep 01Afrimat Limited Announces Executive ChangesAfrimat shareholders are referred to the SENS announcement released on 20 June 2023 in relation to the acquisition of Lafarge South Africa Holdings Proprietary Limited. Given the complexity and importance of the successful implementation of the Transaction and the integration of LSA into the Afrimat group, the board will temporarily appoint the current chief financial officer ("CFO") and financial director, Mr. Pieter de Wit, as the integration officer for the Transaction when it becomes unconditional, for a period of circa 6 to 10 months. Whilst acting as the integration officer for the Transaction, Mr. Pieter de Wit will remain as the CFO and financial director of Afrimat and will ultimately remain responsible for the financial functions and obligations of Afrimat. In order to assist Mr. Pieter de Wit, with his CFO and financial director duties over this period, certain of his day-to-day responsibilities and duties will be delegated to Mr. Andre Smith, a qualified CA(SA) who will be appointed as deputy CFO over this interim period. Mr. Smith has been involved in the finance function at Afrimat for the past 17 years and will be supported by a highly competent finance team.
Recent Insider Transactions Derivative • Jul 06COO of Mining & Executive Director exercised options to buy R3.2m worth of stock.On the 30th of June, Marthinus Odendaal exercised 80.00k options at around R26.79, then sold 25.19k of them at R62.65 each and kept the remainder. Since March 2023, Marthinus has owned 291.98k shares directly. Company insiders have collectively bought R17m more than they sold, via options and on-market transactions, in the last 12 months.
お知らせ • Jun 27Afrimat Limited, Annual General Meeting, Aug 02, 2023Afrimat Limited, Annual General Meeting, Aug 02, 2023, at 14:00 South Africa Standard Time. Location: Protea Hotel, Durbanville, 99 Jip De Jager Drive Vineyards Office Estate, Tyger Valley Durbanville South Africa
お知らせ • Jun 22Afrimat Limited (JSE:AFT) entered into a share purchase agreement to acquire Lafarge South Africa (Pty) Ltd. from Caricement BV for approximately ZAR 1 billion.Afrimat Limited (JSE:AFT) entered into a share purchase agreement to acquire Lafarge South Africa (Pty) Ltd. from Caricement BV for approximately ZAR 1 billion on June 19, 2023. Afrimat also agreed to repay Lafarge loan owning to Caricement equating ZAR 900 million. The transaction is subject to competition authorities, minister of mineral resources and energy of south Africia, the financial surveillance department of south african reserve bank. For period ended December 31, 2022, Lafarge reported Net asset of ZAR 1.4 billion.
Upcoming Dividend • May 31Upcoming dividend of R1.10 per share at 2.9% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 12 June 2023. Trailing yield: 2.9%. Lower than top quartile of South African dividend payers (9.9%). Lower than average of industry peers (5.5%).
Recent Insider Transactions Derivative • May 26CEO & Executive Director exercised options to buy R7.1m worth of stock.On the 22nd of May, Andries van Heerden exercised options to buy 135k shares at a strike price of around R52.30, costing a total of R7.1m. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. Since March 2023, Andries has owned 4.35m shares directly. Company insiders have collectively bought R17m more than they sold, via options and on-market transactions, in the last 12 months.
お知らせ • May 19Afrimat Limited Declares Final Gross Dividend in Respect of the Year Ended 28 February 2023, Payable on 12 June 2023Afrimat Limited declared a final gross dividend, No. 32 of 110.0 cents per share, in respect of the year ended 28 February 2023, was on 17 May 2023. The total dividend payable is ZAR 175.7 million (2022: ZAR 213.7 million). The Board has confirmed that the solvency and liquidity test as contemplated by the Companies Act, No. 71 of 2008, has been duly considered, applied and satisfied. This is a dividend as defined in the Income Tax Act, 1962, and is payable from income reserves. The South African dividend tax rate is 20.0%. The net dividend payable to shareholders who are subject to dividend tax and shareholders who are exempt from dividend tax is 88.0 cents and 110.0 cents per share, respectively. Last day to trade cum dividend is 6 June 2023. Commence trading ex-dividend is 7 June 2023. Record date is 9 June 2023. Dividend payable date is 12 June 2023.
お知らせ • Jan 28Afrimat Limited Appoints Nicolaas Kruger as A Non-Executive Board Member, with effect from 1 February 2023Afrimat Limited announce the appointment of Mr. Nicolaas Kruger as a non-executive board member with effect from 1 February 2023. Nicolaas holds a BCom (Mathematics, cum laude), is a Fellow of the Faculty of Actuaries (FFA) and a Fellow of the Actuarial Society of South Africa (FASSA). He completed an Advanced Management Programme at Oxford and is a qualified Chartered Director (CD(SA)). Nicolaas is an accomplished business executive with more than 30 years' experience. He has strong financial, risk management and actuarial skills, combined with strategic business acumen. Nicolaas has extensive experience playing an active role on boards and governance forums. He currently serves as a non-executive director of Sanlam Group, GeneralReinsurance Africa (Gen Re), Granor Passi, Griekwaland Wes Korporatief (GWK) (chairman), Brenn-O-Kem (chairman) and various private companies. Nicolaas served as CEO of Momentum Metropolitan Holdings for several years (up to the beginning of 2018).
Upcoming Dividend • Nov 16Upcoming dividend of R0.40 per shareEligible shareholders must have bought the stock before 23 November 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of South African dividend payers (8.7%). Lower than average of industry peers (6.6%).
Reported Earnings • Oct 28First half 2023 earnings released: EPS: R2.52 (vs R2.92 in 1H 2022)First half 2023 results: EPS: R2.52 (down from R2.92 in 1H 2022). Revenue: R2.60b (up 7.2% from 1H 2022). Net income: R354.2m (down 12% from 1H 2022). Profit margin: 14% (down from 17% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 14Afrimat Limited to Report Q2, 2023 Results on Oct 27, 2022Afrimat Limited announced that they will report Q2, 2023 results on Oct 27, 2022
Recent Insider Transactions • Aug 08Independent Non-Executive Director recently bought R259k worth of stockOn the 2nd of August, Jacobus van der Merwe bought around 5k shares on-market at roughly R51.70 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R12m more in shares than they bought in the last 12 months.
お知らせ • Jun 25Afrimat Limited, Annual General Meeting, Aug 03, 2022Afrimat Limited, Annual General Meeting, Aug 03, 2022, at 14:00 South Africa Standard Time. Location: Protea Hotel, Durbanville, 99 Jip De Jager Drive Vineyards Office Estate, Tyger Valley, 7530 Cape Town South Africa
Upcoming Dividend • Jun 01Upcoming dividend of R1.46 per shareEligible shareholders must have bought the stock before 08 June 2022. Payment date: 13 June 2022. Trailing yield: 2.4%. Lower than top quartile of South African dividend payers (7.9%). Lower than average of industry peers (5.9%).
お知らせ • Apr 27Afrimat Limited Appoints Sisanda Tuku as Non-Executive Board MemberThe board of directors of Afrimat Limited announced shareholders of the following changes to the board and its audit and risk committee with effect from 1 May 2022: The board announced the appointment of Ms. Sisanda Tuku (Ms Tuku) as a non-executive board member. Ms. Tuku has been appointed as a member of the audit and risk committee of the company. Ms. Tuku is currently the chief executive officer of THEZA Capital (Pty) Ltd.
お知らせ • Apr 12Afrimat Limited to Report Fiscal Year 2022 Results on May 19, 2022Afrimat Limited announced that they will report fiscal year 2022 results on May 19, 2022
Recent Insider Transactions Derivative • Mar 01CEO & Executive Director exercised options to buy R3.7m worth of stock.On the 25th of February, Andries van Heerden exercised options to buy 58k shares at a strike price of around R66.37, costing a total of R3.8m. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. Since June 2021, Andries' direct individual holding has increased from 4.95m shares to 5.04m. Company insiders have collectively bought R5.7m more than they sold, via options and on-market transactions, in the last 12 months.
Recent Insider Transactions • Jan 26Independent Chairman recently sold R12m worth of stockOn the 21st of January, Marthinus von Wielligh sold around 200k shares on-market at roughly R60.20 per share. This was the largest sale by an insider in the last 3 months. This was Marthinus' only on-market trade for the last 12 months.
お知らせ • Dec 11Afrimat Limited (JSE:AFT) agreed to acquire Glenover Phosphate (Pty) Ltd from Fer-Min-Ore Proprietary Limited and others for ZAR 550 million.Afrimat Limited (JSE:AFT) agreed to acquire Glenover Phosphate (Pty) Ltd from Fer-Min-Ore Proprietary Limited and others for ZAR 550 million on December 8, 2021. The consideration consisting of ZAR 300 million for the assets and an option at Afrimat’s sole discretion, to purchase 100% of Glenover’s shares for ZAR 250 million. This dedicated project team is planning to commence mining operations as soon as all the statutory approvals have been received and the business plan is approved.
Recent Insider Transactions Derivative • Dec 03CFO & Director exercised options to buy R1.9m worth of stock.On the 30th of November, Pieter Gabriel de Wit exercised options to buy 36k shares at a strike price of around R51.25, costing a total of R1.8m. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since March 2021, Pieter Gabriel's direct individual holding has increased from 209.33k shares to 247.75k. Company insiders have collectively bought R13m more than they sold, via options and on-market transactions, in the last 12 months.
Upcoming Dividend • Nov 24Upcoming dividend of R0.40 per shareEligible shareholders must have bought the stock before 01 December 2021. Payment date: 06 December 2021. Trailing yield: 2.9%. Lower than top quartile of South African dividend payers (7.6%). Lower than average of industry peers (4.4%).
Recent Insider Transactions • Nov 16Independent Non-Executive Director recently bought R128k worth of stockOn the 10th of November, Jacobus van der Merwe bought around 3k shares on-market at roughly R51.00 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R4.5m more in shares than they bought in the last 12 months.
Recent Insider Transactions Derivative • Nov 12CEO & Executive Director exercised options to buy R8.6m worth of stock.On the 9th of November, Andries van Heerden exercised options to buy 166k shares at a strike price of around R51.70, costing a total of R8.6m. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. Since March 2021, Andries has owned 4.95m shares directly. Company insiders have collectively bought R9.6m more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Nov 10First half 2022 earnings released: EPS R2.92 (vs R1.84 in 1H 2021)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2022 results: Revenue: R2.42b (up 55% from 1H 2021). Net income: R402.1m (up 62% from 1H 2021). Profit margin: 17% (in line with 1H 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Aug 01Key Executive recently sold R4.1m worth of stockOn the 29th of July, Francois Louw sold around 70k shares on-market at roughly R59.00 per share. This was the largest sale by an insider in the last 3 months. This was Francois' only on-market trade for the last 12 months.
Upcoming Dividend • Jun 08Upcoming dividend of R1.12 per shareEligible shareholders must have bought the stock before 15 June 2021. Payment date: 21 June 2021. Trailing yield: 2.9%. Lower than top quartile of South African dividend payers (7.7%). Lower than average of industry peers (4.9%).
Reported Earnings • May 31Full year 2021 earnings released: EPS R4.44 (vs R3.42 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R3.69b (up 12% from FY 2020). Net income: R601.3m (up 30% from FY 2020). Profit margin: 16% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • May 28Afrimat Limited Announces Final Gross Dividend for the Year Ended February 28, 2021, Payable on 21 June 2021Afrimat Limited announced that a final gross dividend, No 28 of 112,0 cents per share, in respect of the year ended 28 February 2021, was declared on 26 May 2021. There are 146,144,764 shares in issue at reporting date,of which 8,545,257 are held in treasury. The total dividend payable is ZAR 163,7 million (2020: ZAR 116,0 million). The Board has confirmed by resolution that the solvency and liquidity test as contemplated by the Companies Act, No 71 of 2008 has been duly considered, applied and satisfied. Last day to trade cum dividend is 14 June 2021. Record date is 18 June 2021. Payment date is 21 June 2021.
お知らせ • May 22Afrimat Limited (JSE:AFT) agreed to acquire Gravenhage Manganese Mining RIght and Associated Assets from Rakana Consolidated Mines Pty Ltd and Aquila Steel (S Africa) Proprietary Limited in the Northern Cape for ZAR 650 million.Afrimat Limited (JSE:AFT) agreed to acquire Gravenhage Manganese Mining RIght and Associated Assets from Rakana Consolidated Mines Pty Ltd and Aquila Steel (S Africa) Proprietary Limited in the Northern Cape for ZAR 650 million on May 21, 2021. There are conditions precedent that include approval in terms of section 11 of the Mineral and Petroleum Resources Development Act, Competition Commission approval, the granting of a water use license, and approval having been obtained by Aquila Steel (S Africa) Proprietary Limited from the Chinese State-owned Assets Supervision and Administration Commission of the State Council (“SASAC”) for the sale of the assets and the assumption of the assumed liabilities as contemplated in the agreement.
お知らせ • Mar 06On behalf of clients, Public Investment Corporation SOC Limited acquired an unknown stake in Afrimat Limited (JSE:AFT).On behalf of clients, Public Investment Corporation SOC Limited acquired an unknown stake in Afrimat Limited (JSE:AFT) on March 4, 2021. Stake held by Public Investment Corporation SOC, on behalf of its clients amounts to 7.213% in Afrimat. On behalf of clients, Public Investment Corporation SOC Limited completed the acquisition of an unknown stake in Afrimat Limited (JSE:AFT) on March 4, 2021.
分析記事 • Mar 04Afrimat (JSE:AFT) Has Gifted Shareholders With A Fantastic 119% Total Return On Their InvestmentWhen we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying...
分析記事 • Feb 18Have Afrimat Limited (JSE:AFT) Insiders Been Selling Their Stock?We note that the Afrimat Limited ( JSE:AFT ) Independent Non Executive Director, Hendrik Johannes van Wyk, recently...
お知らせ • Feb 18Afrimat Limited Announces Executive ChangesAfrimat Limited announced that the current lead independent director of the company, Mr. FM Louw, has been appointed as the deputy chairman of the board. Mr. FM Louw has also been appointed as a member of the Audit and Risk Committee of the company and Mr. JF van der Merwe has been appointed as a member of the Investment Review Committee of the company. The changes are effective immediately.
分析記事 • Feb 16Afrimat (JSE:AFT) Has A Rock Solid Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Feb 15New 90-day high: R44.27The company is up 13% from its price of R39.18 on 17 November 2020. The South African market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 15% over the same period.