NGM:AFRI

Stock Analysis Report

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Market Cap

kr46.4m

Last Updated

2021/06/24 22:07 UTC

Data Sources

Company Financials

Executive Summary

Africa Resources AB (publ) engages in the exploration and extraction of minerals in Africa. More Details


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.

Share Price & News

How has Africa Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AFRI is more volatile than 90% of Swedish stocks over the past 3 months, typically moving +/- 42% a week.

Volatility Over Time: AFRI's weekly volatility has increased from 23% to 42% over the past year.


Market Performance


7 Day Return

27.0%

AFRI

1.3%

SE Metals and Mining

-0.5%

SE Market


1 Year Return

27.8%

AFRI

58.1%

SE Metals and Mining

42.3%

SE Market

Return vs Industry: AFRI underperformed the Swedish Metals and Mining industry which returned 55.5% over the past year.

Return vs Market: AFRI underperformed the Swedish Market which returned 41.2% over the past year.


Shareholder returns

AFRIIndustryMarket
7 Day27.0%1.3%-0.5%
30 Day45.5%-1.8%1.0%
90 Day56.3%-1.5%4.8%
1 Year27.8%27.8%62.7%58.1%47.2%42.3%
3 Year-54.2%-56.5%14.9%5.6%74.9%58.0%
5 Yearn/a114.0%83.6%114.7%72.8%

Long-Term Price Volatility Vs. Market

How volatile is Africa Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Africa Resources undervalued compared to its fair value and its price relative to the market?

41.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AFRI (SEK4.02) is trading below our estimate of fair value (SEK6.82)

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


Price To Earnings Ratio

PE vs Industry: AFRI is unprofitable, so we can't compare its PE Ratio to the Swedish Metals and Mining industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AFRI is overvalued based on its PB Ratio (3.7x) compared to the SE Metals and Mining industry average (1.9x).


Future Growth

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

-8.9%

Forecasted Materials 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 Africa Resources 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 Africa Resources performed over the past 5 years?

30.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFRI is currently unprofitable.

Growing Profit Margin: AFRI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AFRI is unprofitable, but has reduced losses over the past 5 years at a rate of 30.2% per year.

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

Earnings vs Industry: AFRI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-14.6%).


Return on Equity

High ROE: AFRI has a negative Return on Equity (-19.3%), as it is currently unprofitable.


Financial Health

How is Africa Resources's financial position?


Financial Position Analysis

Short Term Liabilities: AFRI's short term assets (SEK315.0K) exceed its short term liabilities (SEK90.0K).

Long Term Liabilities: AFRI's short term assets (SEK315.0K) do not cover its long term liabilities (SEK1.6M).


Debt to Equity History and Analysis

Debt Level: AFRI's debt to equity ratio (12.4%) is considered satisfactory.

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


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: AFRI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if AFRI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Africa Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if AFRI'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 AFRI's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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


CEO

Thomas Häggkvist (47 yo)

no data

Tenure

Mr. Thomas Haggkvist serves as Chief Executive Officer and Director of Africa Resources AB (publ). Mr. Haggkvist has been Chief Financial Officer of Gripen Oil & Gas since May 02, 2014. Mr. Häggkvist serve...


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

Africa Resources AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Africa Resources AB (publ)
  • Ticker: AFRI
  • Exchange: NGM
  • Founded: NaN
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: kr46.442m
  • Shares outstanding: 11.55m
  • Website: https://www.africaresources.se

Number of Employees


Location

  • Africa Resources AB (publ)
  • Engelbrektsgatan 7
  • 1 Trp
  • Stockholm
  • Stockholm County
  • 11432
  • Sweden

Listings


Biography

Africa Resources AB (publ) engages in the exploration and extraction of minerals in Africa. The company owns a 75% interest in the diamond concession 674 located in the south eastern part of Democratic Rep...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 22:07
End of Day Share Price2021/06/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.