Africa Energy Future Growth

Future criteria checks 0/6

Africa Energy is forecast to grow earnings at 141.2% per annum.

Key information

141.2%

Earnings growth rate

n/a

EPS growth rate

Oil and Gas earnings growth	5.7%
Revenue growth rate	n/a
Future return on equity	n/a
Analyst coverage	Low
Last updated	15 Apr 2024

Recent future growth updates

Recent updates

Here's Why We're Not At All Concerned With Africa Energy's (CVE:AFE) Cash Burn Situation

Jul 22

Africa Energy (CVE:AFE) Is In A Strong Position To Grow Its Business

Apr 05

Have Insiders Been Selling Africa Energy Corp. (CVE:AFE) Shares?

Feb 12

Here's Why We're Not At All Concerned With Africa Energy's (CVE:AFE) Cash Burn Situation

Jul 17

Earnings and Revenue Growth Forecasts

TSXV:AFE - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2023	N/A	-120	-2	-2	N/A
9/30/2023	N/A	-20	-11	-2	N/A
6/30/2023	N/A	-21	-11	-3	N/A
3/31/2023	N/A	-21	-11	-3	N/A
12/31/2022	N/A	-21	-11	-3	N/A
9/30/2022	N/A	20	-3	-3	N/A
6/30/2022	N/A	21	-3	-3	N/A
3/31/2022	N/A	22	-3	-3	N/A
12/31/2021	N/A	22	-3	-4	N/A
9/30/2021	N/A	-4	-4	-4	N/A
6/30/2021	N/A	-5	-4	-4	N/A
3/31/2021	N/A	-5	-4	-4	N/A
12/31/2020	N/A	-4	-3	-3	N/A
9/30/2020	N/A	-4	-3	-3	N/A
6/30/2020	N/A	-4	-3	-2	N/A
3/31/2020	N/A	-4	-3	-3	N/A
12/31/2019	N/A	-5	-3	-3	N/A
9/30/2019	N/A	-13	-3	-3	N/A
6/30/2019	N/A	-13	-4	-4	N/A
3/31/2019	N/A	-14	-4	-4	N/A
12/31/2018	N/A	-13	-4	-4	N/A
9/30/2018	N/A	-5	-4	-4	N/A
6/30/2018	N/A	-6	-5	-5	N/A
3/31/2018	N/A	-5	-5	-5	N/A
12/31/2017	N/A	-5	-4	-4	N/A
9/30/2017	N/A	-4	N/A	-4	N/A
6/30/2017	N/A	-4	N/A	-4	N/A
3/31/2017	N/A	-4	N/A	-4	N/A
12/31/2016	N/A	-4	N/A	-4	N/A
9/30/2016	N/A	-5	N/A	-4	N/A
6/30/2016	N/A	-4	N/A	-3	N/A
3/31/2016	N/A	-4	N/A	-3	N/A
12/31/2015	N/A	-3	N/A	-2	N/A
9/30/2015	N/A	-93	N/A	-2	N/A
6/30/2015	N/A	-93	N/A	-2	N/A
3/31/2015	N/A	-93	N/A	-2	N/A
12/31/2014	N/A	-92	N/A	-1	N/A
9/30/2014	N/A	-2	N/A	-1	N/A
6/30/2014	N/A	-2	N/A	-2	N/A
3/31/2014	N/A	-1	N/A	-1	N/A
12/31/2013	N/A	2	N/A	-1	N/A
9/30/2013	N/A	-2	N/A	-1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: AFE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: AFE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if AFE's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if AFE's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if AFE's Return on Equity is forecast to be high in 3 years time

Africa Energy Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Forecast to breakeven in 2023

Recent updates

Africa Energy Corp., Annual General Meeting, Jun 20, 2024

New minor risk - Share price stability

Is Africa Energy (CVE:AFE) A Risky Investment?

New minor risk - Market cap size

Africa Energy Corp. to Report Q2, 2024 Results on Aug 13, 2024

New major risk - Revenue and earnings growth

Africa Energy Corp. to Report Fiscal Year 2023 Results on Mar 27, 2024

Africa Energy (CVE:AFE) Is Making Moderate Use Of Debt

Is Africa Energy (CVE:AFE) Using Too Much Debt?

Africa Energy Corp. Approves the Resignation of William Lundin as Director

New minor risk - Share price stability

Africa Energy Corp. Announces CEO Changes

Is Africa Energy (CVE:AFE) Using Debt In A Risky Way?

Africa Energy Corp., Annual General Meeting, Jun 22, 2023

Africa Energy Announces Results of Gazania-1 Well Offshore South Africa

Africa Energy Corp. to Report Q3, 2023 Results on Nov 15, 2023

Africa Energy Corp. to Report Fiscal Year 2022 Results on Mar 29, 2023

Africa Energy Corp. Commences Operations on Block 2B Offshore South Africa

Africa Energy Corp. Announces Joint Venture Partners on Block 11B/12B Offshore South Africa Submits Application for Production Right

President exercised options to buy CA$281k worth of stock.

Africa Energy Corp. Approves Board and Committee Changes

Africa Energy Corp., Annual General Meeting, Jun 21, 2022

Africa Energy Corp. to Report Q3, 2022 Results on Nov 09, 2022

Forecast to breakeven in 2023

Here's Why We're Not At All Concerned With Africa Energy's (CVE:AFE) Cash Burn Situation

Independent Director John Bentley has left the company

Independent Chairman of the Board Adam Lundin has left the company

Africa Energy Announces Block 11B/12B Operations Update

Africa Energy (CVE:AFE) Is In A Strong Position To Grow Its Business

New 90-day low: CA$0.29

Have Insiders Been Selling Africa Energy Corp. (CVE:AFE) Shares?

New 90-day low: CA$0.32

Africa Energy Corp., Annual General Meeting, Jun 10, 2021

Africa Energy Announces Luiperd-1X Test Results

Africa Energy Corp. Announces Second Significant Discovery Offshore South Africa

New 90-day high: CA$0.56

Africa Energy Corp. announced that it has received SEK 245.001 million in funding from Africa Oil Corp., Zebra Holdings and Investments (Guernsey) Limited, Lorito Holdings (Guernsey) Ltd.

Africa Energy Corp. Re-Appoints PricewaterhouseCoopers LLP as Auditor

Africa Energy Corp. announced that it expects to receive funding from Impact Oil and Gas Limited

Insider recently sold CA$101.1k worth of stock

New 90-day high - CA$0.52

Africa Energy Corp. to Report Q3, 2020 Results on Nov 10, 2020

New 90-day high - CA$0.35

Here's Why We're Not At All Concerned With Africa Energy's (CVE:AFE) Cash Burn Situation

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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