NSEI:AFFLE

Stock Analysis Report

Executive Summary

Affle (India) Limited, a technology company, provides mobile advertisement services through information technology and software development services for mobiles.

Rewards

Earnings are forecast to grow 35.23% per year

Earnings grew by 106.3% over the past year

Risk Analysis

High level of non-cash earnings

Highly volatile share price over past 3 months



Snowflake Analysis

Exceptional growth potential with solid track record.


Similar Companies

Share Price & News

How has Affle (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.2%

AFFLE

6.8%

IN Media

2.0%

IN Market


1 Year Return

n/a

AFFLE

-31.3%

IN Media

7.3%

IN Market

Return vs Industry: Insufficient data to determine how AFFLE performed against the Indian Media industry.

Return vs Market: Insufficient data to determine how AFFLE performed against the Indian Market.


Shareholder returns

AFFLEIndustryMarket
7 Day-1.2%6.8%2.0%
30 Day8.3%6.0%3.7%
90 Day28.9%5.5%6.3%
1 Yearn/a-30.2%-31.3%9.3%7.3%
3 Yearn/a-41.5%-43.3%33.1%26.2%
5 Yearn/a-36.2%-39.1%36.8%24.4%

Price Volatility Vs. Market

How volatile is Affle (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Affle (India) undervalued compared to its fair value and its price relative to the market?

63.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AFFLE (₹1544.9) is trading above our estimate of fair value (₹842.72)

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


Price To Earnings Ratio

PE vs Industry: AFFLE is poor value based on its PE Ratio (63.5x) compared to the Media industry average (12.2x).

PE vs Market: AFFLE is poor value based on its PE Ratio (63.5x) compared to the Indian market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: AFFLE is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: AFFLE is overvalued based on its PB Ratio (20.3x) compared to the IN Media industry average (1.2x).


Next Steps

Future Growth

How is Affle (India) forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

35.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFFLE's forecast earnings growth (35.2% per year) is above the savings rate (6.5%).

Earnings vs Market: AFFLE's earnings (35.2% per year) are forecast to grow faster than the Indian market (19.8% per year).

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

Revenue vs Market: AFFLE's revenue (28.6% per year) is forecast to grow faster than the Indian market (11.3% per year).

High Growth Revenue: AFFLE's revenue (28.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AFFLE's Return on Equity is forecast to be high in 3 years time (37%)


Next Steps

Past Performance

How has Affle (India) performed over the past 5 years?

63.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFFLE has a high level of non-cash earnings.

Growing Profit Margin: AFFLE's current net profit margins (20.3%) are higher than last year (17.3%).


Past Earnings Growth Analysis

Earnings Trend: AFFLE's earnings have grown significantly by 63.5% per year over the past 5 years.

Accelerating Growth: AFFLE's earnings growth over the past year (106.3%) exceeds its 5-year average (63.5% per year).

Earnings vs Industry: AFFLE earnings growth over the past year (106.3%) exceeded the Media industry 14.9%.


Return on Equity

High ROE: AFFLE's Return on Equity (31.7%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Affle (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: AFFLE's short term assets (₹2.2B) exceed its short term liabilities (₹1.3B).

Long Term Liabilities: AFFLE's short term assets (₹2.2B) exceed its long term liabilities (₹153.5M).


Debt to Equity History and Analysis

Debt Level: AFFLE's debt to equity ratio (17.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if AFFLE's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AFFLE's debt is well covered by operating cash flow (191.1%).

Interest Coverage: AFFLE's interest payments on its debt are well covered by EBIT (263.8x coverage).


Balance Sheet

Inventory Level: AFFLE has a low level of unsold assets or inventory.

Debt Coverage by Assets: AFFLE's debt is covered by short term assets (assets are 6.6x debt).


Next Steps

Dividend

What is Affle (India)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.3%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Affle (India)'s salary, the management and board of directors tenure and is there insider trading?


CEO

Affle (India) has no CEO, or we have no data on them.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: AFFLE only recently listed within the past 12 months, with total shares outstanding growing by 0.8% in the past year..


Management Team


    Board Members

      Company Information

      Affle (India) Limited's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Affle (India) Limited
      • Ticker: AFFLE
      • Exchange: NSEI
      • Founded: 1994
      • Industry: Advertising
      • Sector: Media
      • Market Cap: ₹39.382b
      • Shares outstanding: 25.50m
      • Website: https://www.affle.com

      Number of Employees


      Location

      • Affle (India) Limited
      • 601-612, Tower C
      • 6th Floor
      • Gurugram
      • Haryana
      • 122018
      • India

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      542752BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2019
      AFFLENSEI (National Stock Exchange of India)YesEquity SharesININRAug 2019

      Biography

      Affle (India) Limited, a technology company, provides mobile advertisement services through information technology and software development services for mobiles. It delivers consumer acquisitions, engagements, and transactions through relevant mobile advertising through its consumer platform. The company also provides end-to-end solutions for enterprises to enhance their engagement with mobile users, such as developing apps, which enable offline to online commerce for offline businesses with e-commerce aspirations and providing enterprise grade data analytics for online and offline companies. Its consumer platform is used by business to consumer companies in various industries, including e-commerce, fin-tech, telecom, media, retail, and FMCG companies directly and indirectly through their advertising agencies. The company was incorporated in 1994 and is based in Gurugram, India. It has additional locations in Mumbai and Bengaluru, India; Sinagpore; Jakarta, Indonesia; and Dubai, United Arab Emirates. Affle (India) Limited operates as a subsidiary of Affle Holdings Private Limited. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/17 13:01
      End of Day Share Price2020/01/16 00:00
      Earnings2019/09/30
      Annual Earnings2019/03/31


      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.