New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 1.1% 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 Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (R202.0m market cap, or US$12.3m). Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. CEO & Director Vimbayi Nyakudya was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jan 21
CAFCA Limited, Annual General Meeting, Feb 19, 2026 CAFCA Limited, Annual General Meeting, Feb 19, 2026, at 12:00 South Africa Standard Time. Location: cafca ltd, 54 lytton road, workington harare, Zimbabwe 공시 • Jan 22
CAFCA Limited, Annual General Meeting, Feb 20, 2025 CAFCA Limited, Annual General Meeting, Feb 20, 2025, at 12:00 South Africa Standard Time. Location: cafca ltd, 54 lytton road, workington harare, harare Zimbabwe New Risk • Nov 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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: Major Risk Market cap is less than US$10m (R127.7m market cap, or US$7.01m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Jun 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (R121.6m market cap, or US$6.62m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Apr 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 10% 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 Risks High level of non-cash earnings (104% accrual ratio). Market cap is less than US$10m (R104.7m market cap, or US$5.59m). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 16x cash flows per share). Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Jan 16
Full year 2023 earnings released: EPS: Z$1,520 (vs Z$232 in FY 2022) Full year 2023 results: EPS: Z$1,520 (up from Z$232 in FY 2022). Revenue: Z$164.0b (up 119% from FY 2022). Net income: Z$51.3b (up Z$43.5b from FY 2022). Profit margin: 31% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.079 per share Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 102%. Within top quartile of South African dividend payers (9.3%). Higher than average of industry peers (1.7%). Reported Earnings • Nov 19
Full year 2023 earnings released: EPS: Z$1,520 (vs Z$66.08 in FY 2022) Full year 2023 results: EPS: Z$1,520 (up from Z$66.08 in FY 2022). Revenue: Z$164.0b (up Z$142.7b from FY 2022). Net income: Z$51.3b (up Z$49.1b from FY 2022). Profit margin: 31% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 144% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 23
Full year 2022 earnings released: EPS: Z$66.08 (vs Z$7.85 loss in FY 2021) Full year 2022 results: EPS: Z$66.08 (up from Z$7.85 loss in FY 2021). Revenue: Z$21.3b (up 440% from FY 2021). Net income: Z$2.22b (up Z$2.48b from FY 2021). Profit margin: 10% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. 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 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 30
Upcoming dividend of Z$23.00 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 20 December 2022. Trailing yield: 97%. Within top quartile of South African dividend payers (8.6%). Higher than average of industry peers (4.4%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Non-Executive Director Gideon Johannes Steyn was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. No independent directors (7 non-independent directors). Non-Executive Director Gideon Johannes Steyn was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: Z$7.85 loss per share (down from Z$21.25 profit in FY 2020). Revenue: Z$3.95b (up 60% from FY 2020). Net loss: Z$262.2m (down 137% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.