BST:A9U

Stock Analysis Report

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Executive Summary

Astral Foods Limited operates as an integrated poultry producer in South Africa and internationally.


Snowflake Analysis

Very undervalued with flawless balance sheet.

Share Price & News

How has Astral Foods's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: A9U's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.4%

A9U

2.6%

DE Food

2.6%

DE Market


1 Year Return

-30.9%

A9U

3.6%

DE Food

8.1%

DE Market

Return vs Industry: A9U underperformed the German Food industry which returned 3.6% over the past year.

Return vs Market: A9U underperformed the German Market which returned 6.4% over the past year.


Shareholder returns

A9UIndustryMarket
7 Day2.4%2.6%2.6%
30 Day-21.2%-1.1%0.6%
90 Day-28.2%14.7%11.5%
1 Year-29.5%-30.9%5.2%3.6%10.5%8.1%
3 Year-14.1%-29.0%-3.3%-8.5%6.3%-2.1%
5 Year-29.7%-48.0%25.4%14.3%15.2%-0.3%

Price Volatility Vs. Market

How volatile is Astral Foods's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Astral Foods undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: A9U (€6.5) is trading below our estimate of fair value (€15.28)

Significantly Below Fair Value: A9U is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: A9U is good value based on its PE Ratio (8.6x) compared to the XE Food industry average (19x).

PE vs Market: A9U is good value based on its PE Ratio (8.6x) compared to the German market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: A9U is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: A9U is good value based on its PB Ratio (1.4x) compared to the DE Food industry average (2.2x).


Next Steps

Future Growth

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

17.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: A9U's forecast earnings growth (17.9% per year) is above the savings rate (0.2%).

Earnings vs Market: A9U's earnings (17.9% per year) are forecast to grow slower than the German market (23.6% per year).

High Growth Earnings: A9U's earnings are forecast to grow, but not significantly.

Revenue vs Market: A9U's revenue (4.9% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: A9U's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: A9U's Return on Equity is forecast to be high in 3 years time (20.2%)


Next Steps

Past Performance

How has Astral Foods performed over the past 5 years?

10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A9U has high quality earnings.

Growing Profit Margin: A9U's current net profit margins (4.7%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: A9U's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: A9U's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: A9U had negative earnings growth (-37.9%) over the past year, making it difficult to compare to the Food industry average (-1%).


Return on Equity

High ROE: A9U's Return on Equity (16.3%) is considered low.


Next Steps

Financial Health

How is Astral Foods's financial position?


Financial Position Analysis

Short Term Liabilities: A9U's short term assets (ZAR3.6B) exceed its short term liabilities (ZAR2.2B).

Long Term Liabilities: A9U's short term assets (ZAR3.6B) exceed its long term liabilities (ZAR1.2B).


Debt to Equity History and Analysis

Debt Level: A9U's debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: A9U's debt to equity ratio has reduced from 19.6% to 0.5% over the past 5 years.

Debt Coverage: A9U's debt is well covered by operating cash flow (5734.1%).

Interest Coverage: A9U's interest payments on its debt are well covered by EBIT (111.4x coverage).


Balance Sheet


Next Steps

Dividend

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

8.80%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate A9U's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate A9U's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if A9U's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if A9U's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: A9U is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of A9U's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.5yrs

Average management tenure


CEO

Chris Schutte (60 yo)

11.25yrs

Tenure

R23,658,000

Compensation

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 and has been its Executive Director since August 18, 2005. Mr. ...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD1.35M) is above average for companies of similar size in the German market ($USD1.04M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Christiaan Schutte
CEO & Executive Director11.25yrsR23.66m0.077%
ZAR 204.2k
Daniel Ferreira
CFO & Executive Director11.25yrsR13.23m0.41%
ZAR 1.1m
Gideon Jordaan
Human Resources Executive1yrR656.00kno data
Michael Schmitz
Managing Director of Feed3.58yrsR6.50mno data
Andrew Crocker
MD of Commercial Division & Executive Director4.33yrsR10.27m0.011%
ZAR 28.9k
Gary Arnold
MD of Agriculture & Executive Director8.42yrsR11.39m0.016%
ZAR 41.5k
Evert Potgieter
Director of Risk Managementno dataR5.82mno data
Colin Smith
Marketing Executive & Head of Marketing Divisionno datano datano data
Louis Vermaas
Sales Executiveno datano datano data
Braam Spies
Group Credit Manager8.75yrsno datano data
Leonie Marupen
Company Secretary0.42yrno datano data
Obed Lukhele
Veterinary Executiveno dataR723.00kno data

8.5yrs

Average Tenure

50yo

Average Age

Experienced Management: A9U's management team is seasoned and experienced (8.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christiaan Schutte
CEO & Executive Director11.25yrsR23.66m0.077%
ZAR 204.2k
Daniel Ferreira
CFO & Executive Director11.25yrsR13.23m0.41%
ZAR 1.1m
Andrew Crocker
MD of Commercial Division & Executive Director4.33yrsR10.27m0.011%
ZAR 28.9k
Gary Arnold
MD of Agriculture & Executive Director8.42yrsR11.39m0.016%
ZAR 41.5k
Theunis Eloff
Independent Chairman6.17yrsR993.00kno data
Saleh Mayet
Independent Non-Executive Director1.08yrsR87.00kno data
Tshepo Shabangu
Independent Non-Executive Director7.08yrsR646.00kno data
Diederik Fouché
Lead Independent Non-executive Director3yrsR906.00k0.015%
ZAR 38.7k
Willem Potgieter
Independent Non-Executive Director1.08yrsR82.00kno data

6.2yrs

Average Tenure

62yo

Average Age

Experienced Board: A9U's board of directors are considered experienced (6.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: A9U insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Astral Foods Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Astral Foods Limited
  • Ticker: A9U
  • Exchange: BST
  • Founded:
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: R5.517b
  • Listing Market Cap: R265.341m
  • Shares outstanding: 38.72m
  • Website: https://www.astralfoods.com

Number of Employees


Location

  • Astral Foods Limited
  • 92 Koranna Avenue
  • Doringkloof
  • Centurion
  • Gauteng
  • 157
  • South Africa

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARLJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARApr 2001
ALFD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2001
A9UBST (Boerse-Stuttgart)YesOrdinary SharesDEEURApr 2001

Biography

Astral Foods Limited operates as an integrated poultry producer in South Africa and internationally. The company engages in the breeding operations; selling of day-old chicks and hatching eggs; broiler pro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 22:19
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.