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Astral Foods

BST:A9U
Snowflake Description

Very undervalued with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A9U
BST
ZAR6B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Astral Foods Limited operates as an integrated poultry producer in South Africa and internationally. The last earnings update was 69 days ago. More info.


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A9U Share Price and Events
7 Day Returns
2.4%
BST:A9U
-4.9%
DE Food
-0.7%
DE Market
1 Year Returns
-45%
BST:A9U
-1.6%
DE Food
-7.6%
DE Market
A9U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Astral Foods (A9U) 2.4% 5% -0.7% -45% 40.7% 7.5%
DE Food -4.9% -3.4% 5.3% -1.6% -17.2% 15%
DE Market -0.7% -0.9% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • A9U underperformed the Food industry which returned -1.6% over the past year.
  • A9U underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
A9U
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Astral Foods's competitors could be found in our database.

Value

 Is Astral Foods undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Astral Foods to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Astral Foods.

BST:A9U Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:A9U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 28%) (0.35%))
0.709
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for BST:A9U using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Astral Foods is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:A9U DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 5%)
2020 606.00 Analyst x1 577.16
2021 847.70 Analyst x1 768.95
2022 1,018.97 Est @ 20.2% 880.33
2023 1,163.78 Est @ 14.21% 957.59
2024 1,280.35 Est @ 10.02% 1,003.38
2025 1,371.00 Est @ 7.08% 1,023.30
2026 1,439.89 Est @ 5.02% 1,023.57
2027 1,491.51 Est @ 3.59% 1,009.82
2028 1,529.97 Est @ 2.58% 986.57
2029 1,558.63 Est @ 1.87% 957.23
Present value of next 10 years cash flows ZAR9,187.91
BST:A9U DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ZAR1,558.63 × (1 + 0.23%) ÷ (5% – 0.23%)
ZAR32,763.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR32,763.84 ÷ (1 + 5%)10
ZAR20,121.82
BST:A9U Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR9,187.91 + ZAR20,121.82
ZAR29,309.73
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR29,309.73 / 38.81
ZAR755.25
BST:A9U Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:A9U represents 0.06167x of JSE:ARL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.06167x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 755.25 x 0.06167
€46.57
Value per share (EUR) From above. €46.57
Current discount Discount to share price of €10.24
= -1 x (€10.24 - €46.57) / €46.57
78%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Astral Foods is available for.
Intrinsic value
>50%
Share price is €10.24 vs Future cash flow value of €46.57
Current Discount Checks
For Astral Foods to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Astral Foods's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Astral Foods's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Astral Foods's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Astral Foods's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:A9U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in ZAR ZAR26.80
JSE:ARL Share Price ** JSE (2019-07-19) in ZAR ZAR166.02
Germany Food Industry PE Ratio Median Figure of 5 Publicly-Listed Food Companies 20.11x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Astral Foods.

BST:A9U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:ARL Share Price ÷ EPS (both in ZAR)

= 166.02 ÷ 26.80

6.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Astral Foods is good value based on earnings compared to the DE Food industry average.
  • Astral Foods is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Astral Foods's expected growth come at a high price?
Raw Data
BST:A9U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
12.7%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.68x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

BST:A9U PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.19x ÷ 12.7%

0.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Astral Foods is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Astral Foods's assets?
Raw Data
BST:A9U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in ZAR ZAR95.09
JSE:ARL Share Price * JSE (2019-07-19) in ZAR ZAR166.02
Germany Food Industry PB Ratio Median Figure of 7 Publicly-Listed Food Companies 2.06x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
BST:A9U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:ARL Share Price ÷ Book Value per Share (both in ZAR)

= 166.02 ÷ 95.09

1.75x

* Primary Listing of Astral Foods.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Astral Foods is good value based on assets compared to the DE Food industry average.
X
Value checks
We assess Astral Foods's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Astral Foods has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Astral Foods expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Astral Foods expected to grow at an attractive rate?
  • Astral Foods's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Astral Foods's earnings growth is expected to exceed the Germany market average.
  • Astral Foods's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:A9U Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:A9U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 12.7%
BST:A9U Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.7%
Germany Food Industry Earnings Growth Rate Market Cap Weighted Average 36%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:A9U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:A9U Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 15,034 1,251 1,080 5
2020-09-30 14,088 1,099 952 5
2019-09-30 13,414 935 634 4
BST:A9U Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-03-31 13,153 797 1,040
2018-12-31 13,066 1,006 1,235
2018-09-30 12,979 1,215 1,431
2018-06-30 13,068 1,435 1,404
2018-03-31 13,223 1,655 1,383
2017-12-31 12,820 1,354 1,072
2017-09-30 12,417 1,054 760
2017-06-30 12,171 760 485
2017-03-31 11,926 466 209
2016-12-31 11,940 422 291
2016-09-30 11,954 378 373
2016-06-30 11,644 284 533

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Astral Foods's earnings are expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).
  • Astral Foods's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:A9U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Astral Foods Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:A9U Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 27.83 29.26 26.39 2.00
2020-09-30 24.53 27.01 22.06 2.00
2019-09-30 16.34 17.00 15.67 2.00
BST:A9U Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-03-31 26.80
2018-12-31 31.85
2018-09-30 36.91
2018-06-30 36.22
2018-03-31 35.68
2017-12-31 27.66
2017-09-30 19.63
2017-06-30 12.52
2017-03-31 5.40
2016-12-31 7.52
2016-09-30 9.64
2016-06-30 13.77

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Astral Foods is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Astral Foods's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Astral Foods has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Astral Foods performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Astral Foods's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Astral Foods has delivered over 20% year on year earnings growth in the past 5 years.
  • Astral Foods's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Astral Foods's 1-year earnings growth is negative, it can't be compared to the DE Food industry average.
Earnings and Revenue History
Astral Foods's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Astral Foods Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:A9U Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 13,153.44 1,039.82 1,696.16
2018-12-31 13,066.00 1,235.45 1,709.59
2018-09-30 12,978.56 1,431.08 1,723.01
2018-06-30 13,067.75 1,404.01 1,715.59
2018-03-31 13,222.76 1,382.78 1,708.18
2017-12-31 12,819.85 1,071.52 1,622.43
2017-09-30 12,416.95 760.25 1,536.68
2017-06-30 12,171.44 484.57 1,442.45
2017-03-31 11,925.94 208.89 1,348.23
2016-12-31 11,939.90 290.93 1,334.27
2016-09-30 11,953.87 372.97 1,320.32
2016-06-30 11,643.93 532.64 1,711.60
2016-03-31 11,333.99 692.30 2,102.88
2015-12-31 11,299.98 735.22 1,750.30
2015-09-30 11,265.96 778.13 1,397.72
2015-06-30 10,961.50 679.39 1,247.92
2015-03-31 10,657.04 580.66 1,098.13
2014-12-31 10,129.71 459.09 1,098.13
2014-09-30 9,602.38 337.52 1,098.13
2014-06-30 9,296.12 307.58 1,023.71
2014-03-31 8,989.86 277.64 949.28
2013-12-31 8,749.36 242.59 949.28
2013-09-30 8,508.85 207.54 949.28
2013-06-30 8,424.83 207.18 955.62
2013-03-31 8,340.80 203.20 964.06
2012-12-31 8,250.44 266.27 964.06
2012-09-30 8,160.08 329.34 964.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Astral Foods has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Astral Foods used its assets more efficiently than the DE Food industry average last year based on Return on Assets.
  • Astral Foods has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Astral Foods's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Astral Foods has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Astral Foods's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Astral Foods's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Astral Foods is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Astral Foods's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Astral Foods's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 155.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Astral Foods Company Filings, last reported 3 months ago.

BST:A9U Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,701.00 22.50 453.91
2018-12-31 3,701.00 22.50 453.91
2018-09-30 3,737.42 33.28 821.84
2018-06-30 3,737.42 33.28 821.84
2018-03-31 3,451.12 35.56 970.01
2017-12-31 3,451.12 35.56 970.01
2017-09-30 3,038.83 114.69 667.27
2017-06-30 3,038.83 114.69 667.27
2017-03-31 2,476.79 214.43 51.87
2016-12-31 2,476.79 214.43 51.87
2016-09-30 2,372.53 376.43 136.40
2016-06-30 2,372.53 376.43 136.40
2016-03-31 2,459.04 441.01 198.93
2015-12-31 2,459.04 441.01 198.93
2015-09-30 2,371.58 375.98 319.15
2015-06-30 2,371.58 375.98 319.15
2015-03-31 2,226.15 437.99 678.46
2014-12-31 2,226.15 437.99 678.46
2014-09-30 1,944.84 304.29 130.53
2014-06-30 1,944.84 304.29 130.53
2014-03-31 1,748.95 259.03 40.78
2013-12-31 1,748.95 259.03 40.78
2013-09-30 1,694.82 356.89 93.46
2013-06-30 1,727.68 356.89 93.46
2013-03-31 1,578.06 295.15 27.94
2012-12-31 1,578.06 295.15 27.94
2012-09-30 1,595.97 130.95 25.27
  • Astral Foods's level of debt (0.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (14.8% vs 0.6% today).
  • Debt is well covered by operating cash flow (3542.6%, greater than 20% of total debt).
  • Astral Foods earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Astral Foods's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Astral Foods has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Astral Foods's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.65%
Current annual income from Astral Foods dividends. Estimated to be 7% next year.
If you bought €2,000 of Astral Foods shares you are expected to receive €253 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Astral Foods's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Astral Foods's dividend is above the markets top 25% of dividend payers in Germany (3.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:A9U Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Food Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:A9U Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 14.32 5.00
2020-09-30 11.93 5.00
2019-09-30 8.61 5.00
BST:A9U Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2018-12-14 21.000 12.801
2018-11-19 21.000 12.021
2018-05-14 20.000 7.846
2017-12-13 10.550 3.738
2017-11-20 10.550 4.788
2016-12-14 4.900 3.164
2016-11-21 4.900 3.973
2015-11-16 11.500 9.694
2014-12-18 4.800 2.723
2014-11-17 4.800 2.824
2014-05-19 4.000 2.891
2013-11-11 2.220 2.385
2013-05-13 0.000 0.000
2013-04-15 0.000 0.000
2012-11-12 6.720 6.863
2012-05-09 8.410 7.756
2011-12-19 8.100 6.507
2011-11-14 8.100 6.681
2011-05-11 7.750 6.305
2010-11-11 7.600 5.989
2009-11-16 7.000 6.470
2009-09-30 7.000 6.919
2008-11-17 7.000 7.388

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Astral Foods's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Astral Foods's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Astral Foods afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Astral Foods has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Astral Foods's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Schutte
COMPENSATION ZAR25,211,000
AGE 59
TENURE AS CEO 10.2 years
CEO Bio

Mr. Christiaan Ernst Schutte, also known as Chris, MBA, F.D.P has been the Chief Executive Officer of Astral Foods Limited since May 1, 2009. Mr. Schutte served as Managing Director of Animal Nutrition Division of Astral Foods Limited. since July 2004. Mr. Schutte served as Director of Astral Operations of Animal Feed of Astral Foods Limited. He is responsible for Meadow Feeds Southern Africa, National Veterinary Services, Central Analytical Laboratories and East Balt South Africa. Mr. Schutte Joined Golden Lay Farms, a division of Tiger Brands Limited and leading egg producing organization in Southern Africa in October 1984 as an Assistant Farm Manager and spent 18 years in various positions before resigning in April 2002. He joined Astral Foods Limited in May 2002 as Manager of Retail Sales for Meadow Feeds. He served as Sales and Marketing director of Astral Foods Limited since August 2002 and served as its Managing Director for the Animal Feeds division since July 2004. Mr. Schutte has been an Executive Director of Astral Foods Limited since August 18, 2005. He served as Vice chairman and Director of Animal Feed Manufacturers Association of South Africa. Mr. Schutte holds Management Business Administration and Finance Dip.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Chris's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Astral Foods management team in years:

7.4
Average Tenure
53
Average Age
  • The average tenure for the Astral Foods management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Chris Schutte

TITLE
CEO & Executive Director
COMPENSATION
ZAR25M
AGE
59
TENURE
10.2 yrs

Daan Ferreira

TITLE
CFO & Executive Director
COMPENSATION
ZAR15M
AGE
63
TENURE
10.2 yrs

Mike Snyman

TITLE
Group Human Resources Manager
COMPENSATION
ZAR6M
AGE
45
TENURE
3.5 yrs

Michael Schmitz

TITLE
Managing Director of Feed
COMPENSATION
ZAR8M
AGE
58
TENURE
2.5 yrs

Andy Crocker

TITLE
MD of Commercial Division & Executive Director
COMPENSATION
ZAR12M
AGE
49
TENURE
7.4 yrs

Gary Arnold

TITLE
MD of Agriculture & Executive Director
COMPENSATION
ZAR10M
AGE
47
TENURE
2.3 yrs

Maryna Eloff

TITLE
Group Company Secretary
COMPENSATION
ZAR3M
AGE
66
TENURE
14.1 yrs

Evert Potgieter

TITLE
Director of Risk Management
COMPENSATION
ZAR6M
AGE
49

Colin Smith

TITLE
Marketing Executive
AGE
57

Louis Vermaas

TITLE
Sales Executive
AGE
47
Board of Directors Tenure

Average tenure and age of the Astral Foods board of directors in years:

6
Average Tenure
54.5
Average Age
  • The tenure for the Astral Foods board of directors is about average.
Board of Directors

Theuns Eloff

TITLE
Chairman
COMPENSATION
ZAR1M
AGE
64
TENURE
5.1 yrs

Chris Schutte

TITLE
CEO & Executive Director
COMPENSATION
ZAR25M
AGE
59
TENURE
13.9 yrs

Daan Ferreira

TITLE
CFO & Executive Director
COMPENSATION
ZAR15M
AGE
63
TENURE
10.2 yrs

Andy Crocker

TITLE
MD of Commercial Division & Executive Director
COMPENSATION
ZAR12M
AGE
49
TENURE
3.3 yrs

Gary Arnold

TITLE
MD of Agriculture & Executive Director
COMPENSATION
ZAR10M
AGE
47
TENURE
7.3 yrs

Tshepo Shabangu

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR618K
AGE
47
TENURE
6 yrs

Diederik Fouché

TITLE
Lead Independent Non-executive Director
COMPENSATION
ZAR900K
AGE
64
TENURE
1.9 yrs

Takalani Maumela

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR465K
AGE
50
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Astral Foods individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. May 19 Buy Christiaan Schutte Individual 30. May 19 30. May 19 250 €10.24 €2,501
25. Feb 19 Buy Gary Arnold Individual 22. Feb 19 22. Feb 19 200 €9.99 €1,998
11. Feb 19 Buy Gary Arnold Individual 08. Feb 19 08. Feb 19 170 €10.05 €1,708
08. Feb 19 Buy Andrew Crocker Individual 08. Feb 19 08. Feb 19 625 €10.10 €6,310
08. Feb 19 Buy Gary Arnold Individual 07. Feb 19 07. Feb 19 130 €9.96 €1,295
28. Nov 18 Buy Christiaan Schutte Individual 27. Nov 18 27. Nov 18 100 €10.92 €1,090
22. Nov 18 Buy Christiaan Schutte Individual 21. Nov 18 21. Nov 18 400 €11.46 €4,490
22. Nov 18 Buy Andrew Crocker Individual 22. Nov 18 22. Nov 18 550 €11.31 €6,218
23. Aug 18 Buy Christiaan Schutte Individual 22. Aug 18 22. Aug 18 400 €15.21 €6,084
X
Management checks
We assess Astral Foods's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Astral Foods has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Astral Foods Limited operates as an integrated poultry producer in South Africa and internationally. It operates through three segments: Poultry, Feed, and Other Africa. The company engages in the breeding operations; selling of day-old chicks and hatching eggs; broiler production and the processing of broilers through four abattoirs; and marketing, selling, and distribution of poultry products. It also produces feed products for commercially farmed animal species; retails animal health products; and provides laboratory analytical services to the animal feed industry. The company offers its products under the Ross 308, Meadow, National Chicks, CAL, Goldi, County Fair, Festive, Mountain Valley, SupaStar, TigerChicks, Tiger Animal Feeds, Mozpintos, and National Chicks Swaziland brands. Astral Foods Limited is based in Centurion, South Africa.

Details
Name: Astral Foods Limited
A9U
Exchange: BST
Founded:
ZAR412,726,172
38,807,808
Website: http://www.astralfoods.com
Address: Astral Foods Limited
92 Koranna Avenue,
Doringkloof,
Centurion,
Gauteng, 0157,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE ARL Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 09. Apr 2001
OTCPK ALFD.F Ordinary Shares Pink Sheets LLC US USD 09. Apr 2001
BST A9U Ordinary Shares Boerse-Stuttgart DE EUR 09. Apr 2001
Number of employees
Current staff
Staff numbers
6,694
Astral Foods employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 23:14
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/06/26
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.