AFBO.F Stock Overview

Through its subsidiaries, operates as a diversified mining and minerals company in South Africa, Malaysia, and Switzerland. More details

AFBO.F fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	1/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 24.9% below our estimate of its fair value

Earnings are forecast to grow 10.82% per year

Analysts in good agreement that stock price will rise by 22.9%

Risk Analysis

Shares are highly illiquid

Dividend of 9.97% is not well covered by earnings or free cash flows

Profit margins (27.6%) are lower than last year (55.1%)

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

African Rainbow Minerals Limited Competitors

Materion

NYSE:MTRN

US$2.1b

Ferroglobe

NasdaqCM:GSM

US$710.2m

Idaho Strategic Resources

NYSEAM:IDR

US$137.2m

Century Aluminum

NasdaqGS:CENX

US$1.7b

Price History & Performance

Summary of share price highs, lows and changes for African Rainbow Minerals
Historical stock prices
Current Share Price	R8.15
52 Week High	R12.60
52 Week Low	R8.15
Beta	1.08
1 Month Change	-16.62%
3 Month Change	-26.61%
1 Year Change	-28.00%
3 Year Change	-44.65%
5 Year Change	-25.91%
Change since IPO	-40.07%

Recent updates

Shareholder Returns

	AFBO.F	US Metals and Mining	US Market
7D	0%	-1.9%	-1.1%
1Y	-28.0%	-5.6%	22.4%

Return vs Industry: AFBO.F underperformed the US Metals and Mining industry which returned -5.6% over the past year.

Return vs Market: AFBO.F underperformed the US Market which returned 22.4% over the past year.

Price Volatility

Is AFBO.F's price volatile compared to industry and market?
AFBO.F volatility
AFBO.F Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	7.7%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.6%
10% least volatile stocks in US Market	3.1%

Stable Share Price: AFBO.F's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine AFBO.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1933	n/a	Velile Tobias	arm.co.za

African Rainbow Minerals Limited, through its subsidiaries, operates as a diversified mining and minerals company in South Africa, Malaysia, and Switzerland. It explores for platinum group metals, nickel, coal, iron ore, copper, manganese ore, and chrome, as well as gold deposits. African Rainbow Minerals Limited was incorporated in 1933 and is based in Sandton, South Africa.

African Rainbow Minerals Limited Fundamentals Summary

How do African Rainbow Minerals's earnings and revenue compare to its market cap?
AFBO.F fundamental statistics
Market cap	US$1.56b
Earnings (TTM)	US$166.88m
Revenue (TTM)	US$605.65m

9.4x

P/E Ratio

2.6x

P/S Ratio

Is AFBO.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AFBO.F income statement (TTM)
Revenue	R11.42b
Cost of Revenue	R10.54b
Gross Profit	R877.00m
Other Expenses	-R2.27b
Earnings	R3.15b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	16.05
Gross Margin	7.68%
Net Profit Margin	27.55%
Debt/Equity Ratio	1.8%

How did AFBO.F perform over the long term?

See historical performance and comparison

Dividends

10.0%

Current Dividend Yield

93%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/31 19:29
End of Day Share Price	2024/12/23 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

African Rainbow Minerals Limited is covered by 18 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ayan Ghosh	Avior Capital Markets
Caroline Learmonth	Barclays
Brian Morgan	BNP Paribas Securities (Asia)