DB:NXHA

Stock Analysis Report

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African Phoenix Investments

Executive Summary

African Phoenix Investments Limited operates as an investment company.


Snowflake Analysis

Flawless balance sheet unattractive dividend payer.

Share Price & News

How has African Phoenix Investments's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

NXHA

1.7%

DE Insurance

1.6%

DE Market


1 Year Return

-61.2%

NXHA

-8.8%

DE Insurance

2.5%

DE Market

Return vs Industry: NXHA underperformed the German Insurance industry which returned -9.4% over the past year.

Return vs Market: NXHA underperformed the German Market which returned -1.1% over the past year.


Shareholder returns

NXHAIndustryMarket
7 Day0%1.7%1.6%
30 Day-4.8%-4.9%-1.4%
90 Day11.1%12.4%16.4%
1 Year0.07%-61.2%-3.7%-8.8%4.8%2.5%
3 Year-24.1%-70.6%26.3%10.0%1.2%-7.1%
5 Yearn/a60.8%27.5%9.4%-5.2%

Price Volatility Vs. Market

How volatile is African Phoenix Investments's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is African Phoenix Investments undervalued compared to its fair value and its price relative to the market?

0.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NXHA (€0.01) is trading above our estimate of fair value (€0)

Significantly Below Fair Value: NXHA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NXHA is unprofitable, so we can't compare its PE Ratio to the Insurance industry average.

PE vs Market: NXHA is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NXHA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NXHA is good value based on its PB Ratio (0.8x) compared to the DE Insurance industry average (0.9x).


Next Steps

Future Growth

How is African Phoenix Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.5%

Forecasted Insurance industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as African Phoenix Investments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has African Phoenix Investments performed over the past 5 years?

77.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NXHA is currently unprofitable.

Growing Profit Margin: NXHA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NXHA is unprofitable, but has reduced losses over the past 5 years at a rate of 77.5% per year.

Accelerating Growth: Unable to compare NXHA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NXHA is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (10%).


Return on Equity

High ROE: NXHA has a negative Return on Equity (-15.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is African Phoenix Investments's financial position?


Financial Position Analysis

Short Term Liabilities: NXHA's short term assets (ZAR775.5M) exceed its short term liabilities (ZAR109.3M).

Long Term Liabilities: NXHA has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NXHA is debt free.

Reducing Debt: NXHA currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable NXHA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NXHA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 24.9% per year.


Next Steps

Dividend

What is African Phoenix Investments's current dividend yield, its reliability and sustainability?

107.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NXHA's dividend (107.69%) is higher than the bottom 25% of dividend payers in the German market (1.3%).

High Dividend: NXHA's dividend (107.69%) is in the top 25% of dividend payers in the German market (3.86%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether NXHA's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if NXHA's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: NXHA is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

0.6yrs

Average board tenure


CEO

African Phoenix Investments has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Oyama Mabandla
Executive Chairman0.58yrR575.00kno data
Andrew James Hannington
CFO & Non-Executive Director0.58yrno datano data
Raisaka Masebelanga
Independent Non-Executive Director0.33yrno datano data
Warren Chapman
Non-Executive Director0.83yrR28.00kno data
Nick Sennett
Non-Executive Director0.58yrno datano data
Tshepo Maseko
Non-Executive Director0.58yrno datano data
Koketso Mabe
Lead Independent Non-Executive Director0.58yrno datano data
Lungile Ngakane
Independent Non-Executive Director0.33yrno datano data

0.6yrs

Average Tenure

56yo

Average Age

Experienced Board: NXHA's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

African Phoenix Investments Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: African Phoenix Investments Limited
  • Ticker: NXHA
  • Exchange: DB
  • Founded:
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: R556.532m
  • Listing Market Cap: R28.505m
  • Shares outstanding: 1.43b
  • Website: https://www.phoenixinvestments.co.za

Number of Employees


Location

  • African Phoenix Investments Limited
  • Global House
  • 3rd Floor
  • Johannesburg
  • Gauteng
  • 2196
  • South Africa

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXLJSE (The Johannesburg Securities Exchange)YesA Ordinary SharesZAZARFeb 2017
NXHADB (Deutsche Boerse AG)YesA Ordinary SharesDEEURFeb 2017
AFRV.FOTCPK (Pink Sheets LLC)YesA Ordinary SharesUSUSDFeb 2017

Biography

African Phoenix Investments Limited operates as an investment company. The company was formerly known as African Bank Investments Limited and changed its name to African Phoenix Investments Limited in February 2017. African Phoenix Investments Limited is based in Johannesburg, South Africa. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/01 00:41
End of Day Share Price2020/06/23 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.