NSEI:AFFLE

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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

Rewards

Earnings are forecast to grow 27.24% per year

Earnings grew by 38.2% over the past year

Risk Analysis

AFFLE passed our risk checks.


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 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AFFLE's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

19.4%

AFFLE

5.7%

IN Media

3.1%

IN Market


1 Year Return

156.3%

AFFLE

-3.5%

IN Media

10.4%

IN Market

Return vs Industry: AFFLE exceeded the Indian Media industry which returned -3.4% over the past year.

Return vs Market: AFFLE exceeded the Indian Market which returned 10.4% over the past year.


Shareholder returns

AFFLEIndustryMarket
7 Day19.4%5.7%3.1%
30 Day42.0%8.6%13.1%
90 Day33.8%-3.5%12.8%
1 Year156.3%156.3%-2.0%-3.5%12.4%10.4%
3 Yearn/a-58.1%-59.7%11.0%5.6%
5 Yearn/a-43.3%-45.9%62.4%50.2%

Long-Term 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?

116.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AFFLE (₹3768.85) is trading above our estimate of fair value (₹332.1)

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 (116.5x) compared to the IN Media industry average (13.9x).

PE vs Market: AFFLE is poor value based on its PE Ratio (116.5x) compared to the Indian market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: AFFLE is poor value based on its PEG Ratio (4.3x)


Price to Book Ratio

PB vs Industry: AFFLE is overvalued based on its PB Ratio (35.3x) compared to the IN Media industry average (1.4x).


Next Steps

Future Growth

How is Affle (India) forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

27.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFFLE's forecast earnings growth (27.2% per year) is above the savings rate (7.2%).

Earnings vs Market: AFFLE's earnings (27.2% per year) are forecast to grow faster than the Indian market (24.5% 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 (11.5% 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 (28.8%)


Next Steps

Past Performance

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

43.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFFLE has high quality earnings.

Growing Profit Margin: AFFLE's current net profit margins (20.6%) are higher than last year (20.3%).


Past Earnings Growth Analysis

Earnings Trend: AFFLE's earnings have grown significantly by 43.2% per year over the past 5 years.

Accelerating Growth: AFFLE's earnings growth over the past year (38.2%) is below its 5-year average (43.2% per year).

Earnings vs Industry: AFFLE earnings growth over the past year (38.2%) exceeded the Media industry -19%.


Return on Equity

High ROE: AFFLE's Return on Equity (30.4%) is considered high.


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 (₹2.1B).

Long Term Liabilities: AFFLE's short term assets (₹2.2B) exceed its long term liabilities (₹1.4B).


Debt to Equity History and Analysis

Debt Level: AFFLE's debt to equity ratio (36.3%) 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 (109.9%).

Interest Coverage: AFFLE earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate AFFLE'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 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

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

2.5yrs

Average board tenure


CEO

Anuj Sohum (42 yo)

no data

Tenure

₹253,200

Compensation

Mr. Anuj Khanna Sohum founded Affle Global Pte. Ltd. (formerly known as Affle Pte Ltd.) in 2006 and has been its Chief Executive Officer and serves as its Chairman of the Board of Directors since May 10, 2...


CEO Compensation Analysis

Compensation vs Market: Anuj's total compensation ($USD3.44K) is below average for companies of similar size in the Indian market ($USD606.66K).

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


Board Members

NamePositionTenureCompensationOwnership
Anuj Sohum
Founderno data₹253.20k0.00013%
₹ 121.6k
Anuj Kumar
Co-founder14.92yrs₹11.63m0%
₹ 0
Mei Leong
Chief Financial & Commercial Officer of International and Non-Executive Director2.5yrsno datano data
Sumit Chadha
Independent & Non Executive Director2.5yrs₹1.35mno data
Vivek Gour
Independent & Non-Executive Director2.5yrs₹1.08m0.0078%
₹ 7.3m
Bijynath Nawal
Independent & Non-Executive Director2.5yrs₹720.00kno data

2.5yrs

Average Tenure

49.5yo

Average Age

Experienced Board: AFFLE's board of directors are not considered experienced ( 2.5 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: AFFLE 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

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: ₹93.510b
  • 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 in India and internationally. It offers MAAS...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 12:13
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.