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AFI

Afric IndustriesCBSE:AFI Stock Report

Market Cap

د.م101.9m

7D

2.5%

1Y

31.1%

Updated

21 Oct, 2021

Data

Company Financials
AFI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

AFI Overview

Afric Industries S.A. designs, manufactures, and markets flexible abrasive papers for manual sanding in Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for Afric Industries
Historical stock prices
Current Share Priceد.م349.50
52 Week Highد.م261.00
52 Week Lowد.م350.00
Beta0.061
1 Month Change4.33%
3 Month Change17.68%
1 Year Change31.14%
3 Year Change22.63%
5 Year Change2.81%
Change since IPO32.39%

Recent News & Updates

Shareholder Returns

AFIMA BuildingMA Market
7D2.5%-3.1%0.06%
1Y31.1%25.3%25.5%

Return vs Industry: AFI exceeded the MA Building industry which returned 21.2% over the past year.

Return vs Market: AFI exceeded the MA Market which returned 26.2% over the past year.

Price Volatility

Is AFI's price volatile compared to industry and market?
AFI volatility
AFI Beta0.061
Industry Beta0.52
Market Beta1

Stable Share Price: AFI is not significantly more volatile than the rest of MA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AFI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198049Benhima Bilalhttps://www.africindustries.com

Afric Industries S.A. designs, manufactures, and markets flexible abrasive papers for manual sanding in Morocco. The company offers dry abrasive papers for metal, wood, lacquer, paint, primer, plastic, aluminum, and leather; and wet sandpaper for hard primary coating and varnish stripping applications under the Mangouste and Tingis names. It also provides aluminum accessories for assembling cut, drill, and punched profiles, as well as building seal and gasket for concrete pipe.

Afric Industries Fundamentals Summary

How do Afric Industries's earnings and revenue compare to its market cap?
AFI fundamental statistics
Market Capد.م101.88m
Earnings (TTM)د.م7.74m
Revenue (TTM)د.م41.70m

13.2x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AFI income statement (TTM)
Revenueد.م41.70m
Cost of Revenueد.م19.98m
Gross Profitد.م21.72m
Expensesد.م13.98m
Earningsد.م7.74m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)26.55
Gross Margin52.08%
Net Profit Margin18.56%
Debt/Equity Ratio6.1%

How did AFI perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

83%

Payout Ratio

Valuation

Is Afric Industries undervalued compared to its fair value and its price relative to the market?

5.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AFI (MAD349.5) is trading below our estimate of fair value (MAD368.38)

Significantly Below Fair Value: AFI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AFI is poor value based on its PE Ratio (13.2x) compared to the African Building industry average (11.4x).

PE vs Market: AFI is good value based on its PE Ratio (13.2x) compared to the MA market (26.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AFI is overvalued based on its PB Ratio (2.2x) compared to the XF Building industry average (1.4x).


Future Growth

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

11.4%

Forecasted Capital Goods 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 Afric Industries 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 Afric Industries performed over the past 5 years?

3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFI has high quality earnings.

Growing Profit Margin: AFI's current net profit margins (18.6%) are higher than last year (16.9%).


Past Earnings Growth Analysis

Earnings Trend: AFI's earnings have grown by 3.6% per year over the past 5 years.

Accelerating Growth: AFI's earnings growth over the past year (6.6%) exceeds its 5-year average (3.6% per year).

Earnings vs Industry: AFI earnings growth over the past year (6.6%) underperformed the Building industry 6.6%.


Return on Equity

High ROE: AFI's Return on Equity (16.6%) is considered low.


Financial Health

How is Afric Industries's financial position?


Financial Position Analysis

Short Term Liabilities: AFI's short term assets (MAD31.0M) exceed its short term liabilities (MAD11.1M).

Long Term Liabilities: AFI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: AFI's debt to equity ratio (6.1%) is considered satisfactory.

Reducing Debt: AFI's debt to equity ratio has reduced from 7.7% to 6.1% over the past 5 years.

Debt Coverage: AFI's debt is well covered by operating cash flow (287.3%).

Interest Coverage: AFI's interest payments on its debt are well covered by EBIT (105.9x coverage).


Balance Sheet


Dividend

What is Afric Industries's current dividend yield, its reliability and sustainability?

6.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AFI's dividend (6.29%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: AFI's dividend (6.29%) is in the top 25% of dividend payers in the MA market (4.86%)


Stability and Growth of Payments

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

Growing Dividend: AFI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (82.9%), AFI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Benhima Bilal

no data

Tenure

Mr. Benhima Bilal serves as Managing Director of Afric Industries SA.


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

Afric Industries S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Afric Industries S.A.
  • Ticker: AFI
  • Exchange: CBSE
  • Founded: 1980
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: د.م101.879m
  • Shares outstanding: 291.50k
  • Website: https://www.africindustries.com

Number of Employees


Location

  • Afric Industries S.A.
  • Lot 107, AllEe 3
  • Route de TEtouan
  • Tangier
  • 90 000
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:03
End of Day Share Price2021/10/21 00:00
Earnings2020/12/31
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.