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AGAC

African Gold Acquisition NYSE:AGAC Stock Report

Last Price

US$9.88

Market Cap

US$511.3m

7D

-0.1%

1Y

1.9%

Updated

26 Sep, 2022

Data

Company Financials
AGAC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

AGAC Stock Overview

African Gold Acquisition Corporation does not have significant operations.

African Gold Acquisition Competitors

Price History & Performance

Summary of all time highs, changes and price drops for African Gold Acquisition
Historical stock prices
Current Share PriceUS$9.88
52 Week HighUS$9.90
52 Week LowUS$9.65
Beta0
1 Month Change0.20%
3 Month Change0.92%
1 Year Change1.86%
3 Year Changen/a
5 Year Changen/a
Change since IPO3.45%

Recent News & Updates

Shareholder Returns

AGACUS Capital MarketsUS Market
7D-0.1%-8.1%-6.9%
1Y1.9%-27.0%-23.7%

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.

Price Volatility

Is AGAC's price volatile compared to industry and market?
AGAC volatility
AGAC Average Weekly Movement0.2%
Capital Markets Industry Average Movement0.5%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

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

FoundedEmployeesCEOWebsite
2020n/aChris Chadwickhttps://www.africangoldcorp.com

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

How do African Gold Acquisition's earnings and revenue compare to its market cap?
AGAC fundamental statistics
Market CapUS$511.29m
Earnings (TTM)US$10.76m
Revenue (TTM)n/a

47.5x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGAC income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other Expenses-US$10.76m
EarningsUS$10.76m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did AGAC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is AGAC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

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

  • Analyst Forecast

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.

AGAC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does AGAC's PE Ratio compare to its peers?

AGAC PE Ratio vs Peers
The above table shows the PE ratio for AGAC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average26.2x
HHLA HH&L Acquisition
25.7xn/aUS$513.4m
JOFF JOFF Fintech Acquisition
32.4xn/aUS$509.7m
FINM Marlin Technology
24xn/aUS$514.1m
SNRH Senior Connect Acquisition I
22.8xn/aUS$514.9m
AGAC African Gold Acquisition
47.5xn/aUS$511.3m

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.

AGAC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.5x
Fair PE Ration/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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Future Growth

How is African Gold Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.7%

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.

Past Performance

How has African Gold Acquisition performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


598.1%

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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Financial Health

How is African Gold Acquisition's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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.


Balance Sheet


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Dividend

What is African Gold Acquisition current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

African Gold Acquisition Dividend Yield vs Market
How does African Gold Acquisition dividend yield compare to the market?
SegmentDividend Yield
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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Management

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

1.6yrs

Average board tenure


CEO

Chris Chadwick (54 yo)

1.92yrs

Tenure

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...


Board Members

Experienced Board: AGAC's board of directors are not considered experienced ( 1.6 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

What is the ownership structure of AGAC?
Owner TypeNumber of SharesOwnership Percentage
General Public8,098,08615.6%
Private Companies10,350,00020.0%
Institutions33,301,91464.4%

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


Top Shareholders

Top 25 shareholders own 72.62% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
20%
African Gold Acquisition Sponsor LLC
10,350,000$102.3m0%no data
6.51%
Karpus Management Inc
3,369,074$33.3m-4.03%1.19%
4.82%
Polar Asset Management Partners Inc.
2,494,467$24.6m82.83%0.44%
4.08%
Nomura Holdings Inc, Securities & Investment Arm
2,112,928$20.9m20.74%0.11%
3.88%
Marshall Wace LLP
2,009,992$19.9m0%0.05%
3.52%
HSBC Global Asset Management (UK) Limited
1,822,798$18.0m56.28%0.02%
2.97%
Saba Capital Management, L.P.
1,536,509$15.2m8.32%0.21%
2.88%
Castle Creek Arbitrage, LLC
1,489,356$14.7m0%1.06%
2.37%
Nokomis Capital, L.L.C.
1,226,573$12.1m0%5.14%
2.22%
Goldman Sachs Group, Investment Banking and Securities Investments
1,151,299$11.4m14.98%0.01%
2.18%
Periscope Capital Inc
1,129,088$11.2m-8.83%0.32%
1.93%
Weiss Asset Management, LLC
1,000,000$9.9m0%0.37%
1.84%
Owl Creek Asset Management, L.P.
950,000$9.4m0%0.69%
1.5%
Hudson Bay Capital Management LP
777,676$7.7m0%0.09%
1.43%
D. E. Shaw & Co., L.P.
741,435$7.3m-20.4%0.01%
1.21%
Boothbay Fund Management, LLC
625,355$6.2m-1.34%0.25%
1.21%
ATW SPAC Management LLC
625,355$6.2m0%0.93%
1.1%
Omni Event Management Limited
568,924$5.6m-4.69%0.51%
1.09%
Millennium Management LLC
565,360$5.6m7.9%0.01%
1.08%
Glazer Capital, LLC
560,345$5.5m0%0.14%
1.06%
Equitec Group, LLC, Asset Management Arm
550,692$5.4m0%2.83%
1.02%
Hawkeye Capital Management, LLC
527,000$5.2m0%3.15%
0.96%
BMO Asset Management Corp.
496,670$4.9m0%no data
0.92%
Shaolin Capital Management LLC
478,306$4.7m-40.21%0.23%
0.82%
Heights Capital Management, Inc.
423,811$4.2m0%0.27%

Company Information

African Gold Acquisition Corporation's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • African Gold Acquisition Corporation
  • 322 West 52nd Street
  • Suite 2322
  • New York
  • New York
  • 10019-9998
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGAC.UNYSE (New York Stock Exchange)UnitsUSUSDFeb 2021
AGACNYSE (New York Stock Exchange)YesClass A Ordinary SharesUSUSDMar 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.