Afric Industries S.A. designs, manufactures, and markets flexible abrasive papers for manual sanding in Morocco.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.م349.50|
|52 Week High||د.م261.00|
|52 Week Low||د.م350.00|
|1 Month Change||4.33%|
|3 Month Change||17.68%|
|1 Year Change||31.14%|
|3 Year Change||22.63%|
|5 Year Change||2.81%|
|Change since IPO||32.39%|
Recent News & Updates
|AFI||MA Building||MA Market|
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.
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
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
|AFI fundamental statistics|
Is AFI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AFI income statement (TTM)|
|Cost of Revenue||د.م19.98m|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||26.55|
|Net Profit Margin||18.56%|
How did AFI perform over the long term?See historical performance and comparison
6.3%Current Dividend Yield
Is Afric Industries undervalued compared to its fair value and its price relative to the market?
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).
How is Afric Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Afric Industries performed over the past 5 years?
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.
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).
What is Afric Industries's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Mr. Benhima Bilal serves as Managing Director of Afric Industries SA.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Afric Industries S.A.'s employee growth, exchange listings and data sources
- 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
- Afric Industries S.A.
- Lot 107, AllEe 3
- Route de TEtouan
- 90 000
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 21:03|
|End of Day Share Price||2021/10/21 00:00|
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.