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 Afarak Group 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.

Earnings and Revenue Growth Forecasts

HLSE:AFAGR - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2024	130	-1	-8	-4	N/A
3/31/2024	142	4	-1	3	N/A
12/31/2023	154	9	6	10	N/A
9/30/2023	178	22	17	20	N/A
6/30/2023	202	34	27	29	N/A
3/31/2023	200	39	28	30	N/A
12/31/2022	199	45	30	31	N/A
6/30/2022	135	23	24	25	N/A
3/31/2022	108	12	18	19	N/A
12/31/2021	80	1	12	13	N/A
6/30/2021	62	-20	-5	-4	N/A
3/31/2021	61	-22	-5	-4	N/A
12/31/2020	60	-24	-5	-4	N/A
9/30/2020	29	26	-5	-6	N/A
6/30/2020	51	19	1	1	N/A
3/31/2020	74	0	0	1	N/A
12/31/2019	98	-5	-4	-2	N/A
9/30/2019	163	-55	1	5	N/A
6/30/2019	172	-42	-3	1	N/A
3/31/2019	185	-24	-8	-2	N/A
12/31/2018	194	-18	-4	3	N/A
9/30/2018	198	-3	-10	-1	N/A
6/30/2018	199	-5	-14	-3	N/A
3/31/2018	192	0	N/A	-6	N/A
12/31/2017	199	5	N/A	2	N/A
9/30/2017	193	3	N/A	9	N/A
6/30/2017	177	4	N/A	3	N/A
3/31/2017	169	1	N/A	10	N/A
12/31/2016	154	-2	N/A	9	N/A
9/30/2016	158	-3	N/A	2	N/A
6/30/2016	174	-1	N/A	17	N/A
3/31/2016	188	6	N/A	22	N/A
12/31/2015	188	8	N/A	13	N/A
9/30/2015	180	7	N/A	8	N/A
6/30/2015	176	7	N/A	5	N/A
3/31/2015	170	3	N/A	-1	N/A
12/31/2014	173	1	N/A	5	N/A
9/30/2014	173	1	N/A	12	N/A
6/30/2014	163	0	N/A	3	N/A
3/31/2014	147	-4	N/A	9	N/A
12/31/2013	136	-4	N/A	14	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AFAGR's forecast earnings growth is above the savings rate (1.3%).

Earnings vs Market: Insufficient data to determine if AFAGR's earnings are forecast to grow faster than the Finnish market

High Growth Earnings: Insufficient data to determine if AFAGR's earnings are expected to grow significantly over the next 3 years.

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

High Growth Revenue: Insufficient data to determine if AFAGR'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 AFAGR's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 20:28
End of Day Share Price	2024/12/23 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Afarak Group SE is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Evli Research	Evli Bank plc
Marianne Palmu	Inderes Oy
Petri Gostowski	Inderes Oy

Afarak Group Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Afarak Group SE Provides Production Guidance for the Fourth Quarter of 2024

Recent updates

Afarak Group SE Announces Dividend Policy

Afarak Group SE, Annual General Meeting, Jun 03, 2025

Afarak Group SE to Report Fiscal Year 2024 Results on Feb 28, 2025

Afarak Group SE Provides Production Guidance for the Fourth Quarter of 2024

First half 2024 earnings released: EPS: €0.001 (vs €0.04 in 1H 2023)

Afarak Group SE's (HEL:AFAGR) Subdued P/S Might Signal An Opportunity

New minor risk - Share price stability

Now 25% undervalued after recent price drop

Now 21% undervalued after recent price drop

Is Afarak Group (HEL:AFAGR) Using Too Much Debt?

New minor risk - Market cap size

New minor risk - Market cap size

Full year 2023 earnings released: EPS: €0.04 (vs €0.18 in FY 2022)

New minor risk - Share price stability

New minor risk - Shareholder dilution

Afarak Group SE to Report Fiscal Year 2023 Results on Feb 23, 2024

Afarak Group (HEL:AFAGR) Could Easily Take On More Debt

Afarak Group Se Appoints Christoph Kemper as Chief Technical Officer

Afarak Group SE Appoints Christoph Kemper as the Chief Technical Officer

Afarak Group SE Announces CEO Changes

First half 2023 earnings released: EPS: €0.04 (vs €0.088 in 1H 2022)

Afarak Group SE Announces CEO Changes, Effective from July 1, 2023

Afarak Group (HEL:AFAGR) Could Easily Take On More Debt

Full year 2022 earnings released

Full year 2022 earnings released: EPS: €0.19 (vs €0.003 in FY 2021)

Shareholders Would Enjoy A Repeat Of Afarak Group's (HEL:AFAGR) Recent Growth In Returns

Afarak Group SE to Report First Half, 2023 Results on Aug 18, 2023

Insufficient new directors

Under The Bonnet, Afarak Group's (HEL:AFAGR) Returns Look Impressive

Investors Shouldn't Be Too Comfortable With Afarak Group Oyj's (HEL:AFAGR) Robust Earnings

First half 2022 earnings released: EPS: €0.10 (vs €0.003 loss in 1H 2021)

Returns Are Gaining Momentum At Afarak Group Oyj (HEL:AFAGR)

Afarak Group Oyj Announces Changes in Corporate Management

Insufficient new directors

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

the Supreme Administrative Court Rejects Afarak Group Plc's Application for Permission to Appeal

Is Afarak Group Oyj (HEL:AFAGR) Using Too Much Debt?

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Insufficient new directors

First half 2021 earnings released: €0.003 loss per share (vs €0.019 loss in 1H 2020)

WMA Chrome Mining Property Limited and WMA Minmet Processing Proprietary Limited agreed to acquire Ilitha’s plant, assets and mining right from Afarak Group Oyj (HLSE:AFAGR) for ZAR 400 million.

Auditors Have Doubts About Afarak Group Oyj (HEL:AFAGR)

Is Afarak Group Oyj (HEL:AFAGR) Using Debt Sensibly?

Afarak Group plc Files an Application for a Permission to Appeal and an Appeal to the Supreme Administrative Court on the Helsinki Administrative Court Decision

New 90-day high: €0.25

Afarak Group Oyj, Annual General Meeting, Jun 01, 2021

Afarak Group Oyj's (HEL:AFAGR) Shareholders Are Down 75% On Their Shares

Afarak Group Plc Announces Executive Changes

New 90-day low: €0.20

Afarak Group Plc Receives Claim

New 90-day low - €0.27

Earnings released

New 90-day low - €0.30

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources