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HAFR

Home AfrikaNASE:HAFR Stock Report

Market Cap

KSh158.0m

7D

-2.5%

1Y

-2.5%

Updated

16 Oct, 2021

Data

Company Financials
HAFR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

HAFR Overview

Home Afrika Limited, together with its subsidiaries, develops housing and commercial real estate properties in Kenya.

Price History & Performance

Summary of all time highs, changes and price drops for Home Afrika
Historical stock prices
Current Share PriceKSh0.39
52 Week HighKSh0.33
52 Week LowKSh0.47
Beta0.20
1 Month Change-2.50%
3 Month Change-4.88%
1 Year Change-2.50%
3 Year Change-48.00%
5 Year Change-70.00%
Change since IPO-98.27%

Recent News & Updates

Shareholder Returns

HAFRKE Real EstateKE Market
7D-2.5%-1.5%1.7%
1Y-2.5%33.3%30.0%

Return vs Industry: HAFR underperformed the KE Real Estate industry which returned 33.3% over the past year.

Return vs Market: HAFR underperformed the KE Market which returned 30% over the past year.

Price Volatility

Is HAFR's price volatile compared to industry and market?
HAFR volatility
HAFR Beta0.20
Industry Beta0.83
Market Beta1

Stable Share Price: HAFR is more volatile than 75% of KE stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HAFR's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of KE stocks.

About the Company

FoundedEmployeesCEOWebsite
200888Dan Awendohttps://www.homeafrika.com

Home Afrika Limited, together with its subsidiaries, develops housing and commercial real estate properties in Kenya. The company develops golf estates, and cottages and apartments. It also offers property letting, short stay rental, property management, and land surveying services; and sells plots.

Home Afrika Fundamentals Summary

How do Home Afrika's earnings and revenue compare to its market cap?
HAFR fundamental statistics
Market CapKSh158.05m
Earnings (TTM)-KSh226.88m
Revenue (TTM)KSh254.27m

0.6x

P/S Ratio

-0.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HAFR income statement (TTM)
RevenueKSh254.27m
Cost of RevenueKSh219.70m
Gross ProfitKSh34.58m
ExpensesKSh261.46m
Earnings-KSh226.88m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.56
Gross Margin13.60%
Net Profit Margin-89.23%
Debt/Equity Ratio-77.4%

How did HAFR perform over the long term?

See historical performance and comparison

Valuation

Is Home Afrika undervalued compared to its fair value and its price relative to the market?

39.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HAFR (KES0.39) is trading below our estimate of fair value (KES0.64)

Significantly Below Fair Value: HAFR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HAFR is unprofitable, so we can't compare its PE Ratio to the African Real Estate industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HAFR has negative assets, so we can't compare its PB Ratio to the XF Real Estate industry average.


Future Growth

How is Home Afrika forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.9%

Forecasted Real Estate 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 Home Afrika 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.


Past Performance

How has Home Afrika performed over the past 5 years?

-17.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAFR is currently unprofitable.

Growing Profit Margin: HAFR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HAFR is unprofitable, and losses have increased over the past 5 years at a rate of 17.8% per year.

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

Earnings vs Industry: HAFR is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-1.9%).


Return on Equity

High ROE: HAFR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Home Afrika's financial position?


Financial Position Analysis

Short Term Liabilities: HAFR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: HAFR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: HAFR has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: HAFR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 HAFR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: HAFR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 76.4% per year.


Dividend

What is Home Afrika current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate HAFR'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 HAFR's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: HAFR is not paying a notable dividend for the KE market.


Future Payout to Shareholders

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


Next Steps

Management

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

1.1yrs

Average board tenure


CEO

Dan Awendo

5.67yrs

Tenure

KSh21,083,628

Compensation

Mr. Dan Ochieng' Awendo serves as the Chief Executive Officer at InvesteQ CAPITAL Limited. Mr. Awendo has been the Managing Director of Home Afrika Limited since February 6, 2016. Mr. Awendo is the founder...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD190.03K) is about average for companies of similar size in the KE market ($USD263.52K).

Compensation vs Earnings: Dan's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: HAFR's board of directors are not considered experienced ( 1.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Home Afrika Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Home Afrika Limited
  • Ticker: HAFR
  • Exchange: NASE
  • Founded: 2008
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: KSh158.050m
  • Shares outstanding: 405.26m
  • Website: https://www.homeafrika.com

Number of Employees


Location

  • Home Afrika Limited
  • Morningside Office Park
  • Pent Suite 01, 5th Floor
  • Nairobi
  • 100
  • Kenya

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 14:02
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.