AGAC Stock Overview
African Gold Acquisition Corporation does not have significant operations.
African Gold Acquisition Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$9.88|
|52 Week High||US$9.90|
|52 Week Low||US$9.65|
|1 Month Change||0.20%|
|3 Month Change||0.92%|
|1 Year Change||1.86%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||3.45%|
Recent News & Updates
|AGAC||US Capital Markets||US Market|
Return vs Industry: AGAC exceeded the US Capital Markets industry which returned -25.7% over the past year.
Return vs Market: AGAC exceeded the US Market which returned -23% over the past year.
|AGAC Average Weekly Movement||0.2%|
|Capital Markets Industry Average Movement||0.5%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: AGAC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: AGAC's weekly volatility (0%) has been stable over the past year.
About the Company
African Gold Acquisition Corporation does not have significant operations. The company focuses on effecting a merger or mergers, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. African Gold Acquisition Corporation was incorporated in 2020 and is based in New York, New York.
African Gold Acquisition Fundamentals Summary
|AGAC fundamental statistics|
Is AGAC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AGAC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.21|
|Net Profit Margin||0.00%|
How did AGAC perform over the long term?See historical performance and comparison
Is AGAC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AGAC?
Other financial metrics that can be useful for relative valuation.
|What is AGAC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AGAC's PE Ratio compare to its peers?
|AGAC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
HHLA HH&L Acquisition
JOFF JOFF Fintech Acquisition
FINM Marlin Technology
SNRH Senior Connect Acquisition I
AGAC African Gold Acquisition
Price-To-Earnings vs Peers: AGAC is expensive based on its Price-To-Earnings Ratio (47.5x) compared to the peer average (26.2x).
Price to Earnings Ratio vs Industry
How does AGAC's PE Ratio compare vs other companies in the US Capital Markets Industry?
Price-To-Earnings vs Industry: AGAC is expensive based on its Price-To-Earnings Ratio (47.5x) compared to the US Capital Markets industry average (25x)
Price to Earnings Ratio vs Fair Ratio
What is AGAC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||47.5x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AGAC's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of AGAC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate AGAC's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate AGAC's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is African Gold Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Diversified Financials 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 African Gold Acquisition 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.
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- Take a look at our analysis of AGAC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- African Gold Acquisition competitive advantages and company strategy can generally be found in its financial reports archived here.
How has African Gold Acquisition performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Last years earnings growth
Earnings and Revenue History
Quality Earnings: AGAC has high quality earnings.
Growing Profit Margin: Insufficient data to determine if AGAC's profit margins have improved over the past year.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if AGAC's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare AGAC's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.
Earnings vs Industry: AGAC earnings growth over the past year (598.1%) exceeded the Capital Markets industry 33.2%.
Return on Equity
High ROE: AGAC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
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How is African Gold Acquisition's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AGAC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AGAC 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: AGAC is debt free.
Reducing Debt: AGAC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AGAC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AGAC has no debt, therefore coverage of interest payments is not a concern.
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What is African Gold Acquisition current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|African Gold Acquisition Dividend Yield vs Market|
|Company (African Gold Acquisition)||n/a|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Capital Markets)||2.9%|
|Analyst forecast in 3 Years (African Gold Acquisition)||n/a|
Notable Dividend: Unable to evaluate AGAC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AGAC'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 AGAC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AGAC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as AGAC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Chris Chadwick (54 yo)
Mr. Christopher Damon Chadwick, also known as Chris, B.Comm. (Hons), CTA, C.A. (SA), serves as Chief Executive Officer and Director of African Gold Acquisition Corporation since October 2020. He has served...
Experienced Board: AGAC's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
African Gold Acquisition Corporation's employee growth, exchange listings and data sources
- Name: African Gold Acquisition Corporation
- Ticker: AGAC
- Exchange: NYSE
- Founded: 2020
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$511.290m
- Shares outstanding: 51.75m
- Website: https://www.africangoldcorp.com
- African Gold Acquisition Corporation
- 322 West 52nd Street
- Suite 2322
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AGAC.U||NYSE (New York Stock Exchange)||Units||US||USD||Feb 2021|
|AGAC||NYSE (New York Stock Exchange)||Yes||Class A Ordinary Shares||US||USD||Mar 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/26 00:00|
|End of Day Share Price||2022/09/26 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.