AIM:PAF

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Pan African Resources

Executive Summary

Pan African Resources PLC engages in the exploration of precious metals in South Africa. More Details


Snowflake Analysis

Solid track record, good value and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PAF is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PAF's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-7.0%

PAF

0.6%

GB Metals and Mining

-0.2%

GB Market


1 Year Return

41.5%

PAF

50.9%

GB Metals and Mining

1.1%

GB Market

Return vs Industry: PAF underperformed the UK Metals and Mining industry which returned 53.2% over the past year.

Return vs Market: PAF exceeded the UK Market which returned 2% over the past year.


Shareholder returns

PAFIndustryMarket
7 Day-7.0%0.6%-0.2%
30 Day-26.6%12.8%3.6%
90 Day-19.1%18.9%4.2%
1 Year46.0%41.5%58.2%50.9%7.0%1.1%
3 Year142.2%132.0%61.3%36.1%10.6%-2.7%
5 Year57.7%39.2%256.8%179.9%40.5%13.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Pan African Resources undervalued compared to its fair value and its price relative to the market?

7.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PAF (£0.17) is trading above our estimate of fair value (£0.1)

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


Price To Earnings Ratio

PE vs Industry: PAF is good value based on its PE Ratio (7.4x) compared to the GB Metals and Mining industry average (14.7x).

PE vs Market: PAF is good value based on its PE Ratio (7.4x) compared to the UK market (24x).


Price to Earnings Growth Ratio

PEG Ratio: PAF is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: PAF is good value based on its PB Ratio (1.9x) compared to the GB Metals and Mining industry average (2.1x).


Next Steps

Future Growth

How is Pan African Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

34.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAF's forecast earnings growth (34.9% per year) is above the savings rate (1%).

Earnings vs Market: PAF's earnings (34.9% per year) are forecast to grow faster than the UK market (23.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PAF's revenue (1.5% per year) is forecast to grow slower than the UK market (7.3% per year).

High Growth Revenue: PAF's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Pan African Resources performed over the past 5 years?

10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PAF has high quality earnings.

Growing Profit Margin: PAF's current net profit margins (19.4%) are lower than last year (19.8%).


Past Earnings Growth Analysis

Earnings Trend: PAF's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: PAF's earnings growth over the past year (25.8%) exceeds its 5-year average (10.2% per year).

Earnings vs Industry: PAF earnings growth over the past year (25.8%) exceeded the Metals and Mining industry -19.4%.


Return on Equity

High ROE: PAF's Return on Equity (25.9%) is considered high.


Next Steps

Financial Health

How is Pan African Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PAF's short term assets ($59.7M) do not cover its short term liabilities ($71.4M).

Long Term Liabilities: PAF's short term assets ($59.7M) do not cover its long term liabilities ($120.6M).


Debt to Equity History and Analysis

Debt Level: PAF's debt to equity ratio (35.8%) is considered satisfactory.

Reducing Debt: PAF's debt to equity ratio has increased from 9.5% to 35.8% over the past 5 years.

Debt Coverage: PAF's debt is well covered by operating cash flow (99.4%).

Interest Coverage: PAF's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Pan African Resources's current dividend yield, its reliability and sustainability?

3.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PAF's dividend (3.46%) is higher than the bottom 25% of dividend payers in the UK market (1.47%).

High Dividend: PAF's dividend (3.46%) is low compared to the top 25% of dividend payers in the UK market (4.52%).


Stability and Growth of Payments

Stable Dividend: PAF's dividend payments have been volatile in the past 10 years.

Growing Dividend: PAF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.5%), PAF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PAF's dividends in 3 years are forecast to be well covered by earnings (15.9% payout ratio).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Cobus Loots (42 yo)

6yrs

Tenure

US$1,030,800

Compensation

Mr. Jacobus Albertus Johannes Loots, also known as Cobus, C.A.(S.A.), C.F.A. has been the Chief Executive Officer of Pan African Resources PLC since March 1, 2015 and served as its Financial Director since...


CEO Compensation Analysis

Compensation vs Market: Cobus's total compensation ($USD1.03M) is above average for companies of similar size in the UK market ($USD778.31K).

Compensation vs Earnings: Cobus's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jacobus Albertus Loots
CEO & Executive Director6yrsUS$1.03m0.18%
$ 596.5k
Gideon Louw
Financial Director & Executive Director6yrsUS$599.30k0.11%
$ 365.9k
Paul van Heerden
Finance & Admin Manager of Evander Minesno dataUS$184.40k0.0013%
$ 4.2k
Marileen Kok
Group Financial Manager1.17yrsUS$110.30kno data
Martin Pieters
Environmentalno dataUS$276.70kno data
Bert van den Berg
Chief Operating Officer0.17yrno datano data
Hethen Hira
Head of Investor Relationsno datano datano data

3.6yrs

Average Tenure

46yo

Average Age

Experienced Management: PAF's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jacobus Albertus Loots
CEO & Executive Director6yrsUS$1.03m0.18%
$ 596.5k
Gideon Louw
Financial Director & Executive Director6yrsUS$599.30k0.11%
$ 365.9k
Charles Stockton Needham
Independent Non-Executive Director1.67yrsUS$51.10k0.0013%
$ 4.3k
Keith Spencer
Independent Non-Executive Chairman9.25yrsUS$82.60k0.16%
$ 520.5k
Yvonne Themba
Independent Non-Executive Director1.67yrsUS$51.10kno data
Hester Hickey
Lead Independent Director1.92yrsUS$58.50kno data
Thabo Mosololi
Independent Non-Executive Director7.25yrsUS$63.80k0.0057%
$ 19.1k

6.0yrs

Average Tenure

57yo

Average Age

Experienced Board: PAF's board of directors are considered experienced (6 years average tenure).


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

Pan African Resources PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pan African Resources PLC
  • Ticker: PAF
  • Exchange: AIM
  • Founded: 2000
  • Industry: Gold
  • Sector: Materials
  • Market Cap: UK£334.565m
  • Shares outstanding: 1.93b
  • Website: https://www.panafricanresources.com

Number of Employees


Location

  • Pan African Resources PLC
  • The Firs Office Building
  • 2nd Floor, Office 204
  • Johannesburg
  • Gauteng
  • 2196
  • South Africa

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PAFAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2003
PAFLSE (London Stock Exchange)YesOrdinary SharesGBGBPDec 2003
PANJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARDec 2003
PAFR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2003
RTZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2003

Biography

Pan African Resources PLC engages in the exploration of precious metals in South Africa. Its principal property is the Barberton gold project that consists of three underground mines, including Fairview, S...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 19:15
End of Day Share Price2021/03/03 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.