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AFI Development

OTCPK:AFDV.F
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AFDV.F
OTCPK
$199M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

AFI Development Plc, together with its subsidiaries, engages in the real estate development and investment activities in the Russia. The last earnings update was 128 days ago. More info.


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AFDV.F Share Price and Events
7 Day Returns
0%
OTCPK:AFDV.F
-1.7%
US Real Estate
-0.7%
US Market
1 Year Returns
-
OTCPK:AFDV.F
-13.4%
US Real Estate
6.5%
US Market
AFDV.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AFI Development (AFDV.F) 0% 0% 0% - - -
US Real Estate -1.7% -6% 18% -13.4% 25.5% 5.6%
US Market -0.7% 0.4% 14.7% 6.5% 37.2% 40.6%
1 Year Return vs Industry and Market
  • No trading data on AFDV.F.
  • No trading data on AFDV.F.
Price Volatility
AFDV.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for AFI Development's competitors could be found in our database.

AFDV.F Value

 Is AFI Development undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AFI Development to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AFI Development.

OTCPK:AFDV.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:AFDV.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.235 (1 + (1- 12.5%) (269.44%))
3.108
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for OTCPK:AFDV.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AFI Development is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:AFDV.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 148.24 Est @ 40.35% 129.30
2020 191.33 Est @ 29.07% 145.56
2021 231.83 Est @ 21.17% 153.83
2022 268.07 Est @ 15.63% 155.15
2023 299.61 Est @ 11.76% 151.25
2024 326.73 Est @ 9.05% 143.86
2025 350.11 Est @ 7.16% 134.46
2026 370.52 Est @ 5.83% 124.11
2027 388.67 Est @ 4.9% 113.56
2028 405.18 Est @ 4.25% 103.25
Present value of next 10 years cash flows $1,354.34
OTCPK:AFDV.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $405.18 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$3,491.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,491.98 ÷ (1 + 14.65%)10
$889.88
OTCPK:AFDV.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,354.34 + $889.88
$2,244.22
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,244.22 / 1,047.69
$2.14
OTCPK:AFDV.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:AFDV.F represents 0.92527x of LSE:AFID
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92527x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 2.14 x 0.92527
$1.98
Value per share (USD) From above. $1.98
Current discount Discount to share price of $0.18
= -1 x ($0.18 - $1.98) / $1.98
91.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AFI Development is available for.
Intrinsic value
>50%
Share price is $0.18 vs Future cash flow value of $1.98
Current Discount Checks
For AFI Development to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AFI Development's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AFI Development's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AFI Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AFI Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:AFDV.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.08
LSE:AFID Share Price ** LSE (2018-12-28) in USD $0.19
United States of America Real Estate Industry PE Ratio Median Figure of 28 Publicly-Listed Real Estate Companies 15.89x
United States of America Market PE Ratio Median Figure of 3,063 Publicly-Listed Companies 17.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AFI Development.

OTCPK:AFDV.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:AFID Share Price ÷ EPS (both in USD)

= 0.19 ÷ 0.08

2.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AFI Development is good value based on earnings compared to the US Real Estate industry average.
  • AFI Development is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does AFI Development's expected growth come at a high price?
Raw Data
OTCPK:AFDV.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 1.01x
United States of America Market PEG Ratio Median Figure of 2,101 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AFI Development, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AFI Development's assets?
Raw Data
OTCPK:AFDV.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.78
LSE:AFID Share Price * LSE (2018-12-28) in USD $0.19
United States of America Real Estate Industry PB Ratio Median Figure of 57 Publicly-Listed Real Estate Companies 1.42x
United States of America Market PB Ratio Median Figure of 5,167 Publicly-Listed Companies 1.87x
OTCPK:AFDV.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:AFID Share Price ÷ Book Value per Share (both in USD)

= 0.19 ÷ 0.78

0.24x

* Primary Listing of AFI Development.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AFI Development is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess AFI Development's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. AFI Development has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AFDV.F Future Performance

 How is AFI Development expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 AFI Development 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.7%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AFI Development expected to grow at an attractive rate?
  • Unable to compare AFI Development's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AFI Development's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare AFI Development's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:AFDV.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 8.7%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:AFDV.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:AFDV.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 243 106 91
2018-06-30 215 117 64
2018-03-31 181 100 -1
2017-12-31 179 105 -5
2017-09-30 167 59 8
2017-06-30 155 37 13
2017-03-31 158 42 -15
2016-12-31 138 35 -48
2016-09-30 136 26 -498
2016-06-30 132 36 -484
2016-03-31 97 36 -502
2015-12-31 94 34 -464

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AFI Development is high growth as no earnings estimate data is available.
  • Unable to determine if AFI Development is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:AFDV.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AFI Development Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AFDV.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.08
2018-06-30 0.06
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 -0.01
2016-12-31 -0.05
2016-09-30 -0.48
2016-06-30 -0.46
2016-03-31 -0.48
2015-12-31 -0.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AFI Development will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether AFI Development is trading at AFI Development'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. AFI Development's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access AFI Development's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess AFI Development's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AFI Development has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AFDV.F Past Performance

  How has AFI Development performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AFI Development's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AFI Development's year on year earnings growth rate has been positive over the past 5 years.
  • AFI Development's 1-year earnings growth exceeds its 5-year average (1044.9% vs 3.3%)
  • AFI Development's earnings growth has exceeded the US Real Estate industry average in the past year (1044.9% vs -5.2%).
Earnings and Revenue History
AFI Development's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AFI Development Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AFDV.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 243.46 91.34 13.74
2018-06-30 215.00 63.90 13.75
2018-03-31 180.95 -0.87 14.57
2017-12-31 179.05 -4.92 12.85
2017-09-30 166.58 7.98 11.43
2017-06-30 154.66 12.90 11.29
2017-03-31 158.43 -14.99 10.96
2016-12-31 138.30 -47.87 12.09
2016-09-30 135.94 -498.23 16.19
2016-06-30 132.36 -484.11 15.56
2016-03-31 96.65 -501.82 14.19
2015-12-31 93.73 -464.09 14.31
2015-09-30 102.43 -330.45 15.81
2015-06-30 116.67 -318.65 20.64
2015-03-31 130.90 -299.10 22.08
2014-12-31 144.83 -281.02 26.77
2014-09-30 154.58 49.19 26.25
2014-06-30 157.61 65.86 21.21
2014-03-31 207.28 111.79 24.52
2013-12-31 202.26 103.07 21.10
2013-09-30 193.31 82.58 21.26
2013-06-30 185.08 6.70 22.34
2013-03-31 127.13 -261.68 25.10
2012-12-31 126.20 -269.10 24.17
2012-09-30 145.41 -245.33 38.05
2012-06-30 150.37 -91.53 41.30
2012-03-31 151.45 162.30 35.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AFI Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AFI Development used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • AFI Development has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AFI Development's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AFI Development has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AFDV.F Health

 How is AFI Development's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AFI Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AFI Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AFI Development's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AFI Development's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AFI Development Company Filings, last reported 5 months ago.

OTCPK:AFDV.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 822.24 536.36 101.08
2018-06-30 821.05 537.52 88.03
2018-03-31 783.89 587.55 103.42
2017-12-31 770.95 579.26 105.96
2017-09-30 772.33 695.31 63.07
2017-06-30 775.79 657.66 19.23
2017-03-31 786.93 662.44 23.45
2016-12-31 772.30 627.82 16.69
2016-09-30 762.53 621.46 13.65
2016-06-30 762.80 620.37 22.49
2016-03-31 774.42 612.92 24.13
2015-12-31 791.60 614.11 42.47
2015-09-30 1,247.52 641.19 35.75
2015-06-30 1,253.69 675.81 51.58
2015-03-31 1,282.69 663.34 68.35
2014-12-31 1,281.78 686.78 93.26
2014-09-30 1,681.97 772.53 86.44
2014-06-30 1,723.56 824.35 111.93
2014-03-31 1,714.05 812.66 137.89
2013-12-31 1,729.48 805.94 203.31
2013-09-30 1,713.45 824.48 140.27
2013-06-30 1,667.22 827.63 161.37
2013-03-31 1,663.03 856.20 200.81
2012-12-31 1,626.53 571.90 174.85
2012-09-30 1,615.87 668.51 71.81
2012-06-30 1,613.02 701.21 128.08
2012-03-31 1,941.13 722.42 104.12
  • AFI Development's level of debt (65.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (48.1% vs 65.2% today).
  • Debt is not well covered by operating cash flow (19.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess AFI Development's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AFI Development has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AFDV.F Dividends

 What is AFI Development's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from AFI Development dividends.
If you bought $2,000 of AFI Development shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate AFI Development's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AFI Development's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:AFDV.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:AFDV.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-11-18 0.000 0.000
2010-10-15 0.000 0.000
2010-08-19 0.000 0.000
2010-05-27 0.000 0.000
2010-03-08 0.000 0.000
2009-03-30 0.382 21.676

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as AFI Development has not reported any payouts.
  • Unable to verify if AFI Development's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AFI Development's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AFI Development has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AFI Development's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AFI Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AFI Development has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AFDV.F Management

 What is the CEO of AFI Development's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Natalia Pirogova
CEO Bio

Mrs. Natalia Pirogova serves as Deputy Chief Executive Officer of Strategic Development and Investments of AFI RUS LLC at AFI Development PLC. Mrs. Pirogova Deputy Chief Executive Officer of Strategic Development and Investments, of AFI RUS LLC, subsidiary of AFI Development PLC since April 16, 2018 and served as Deputy Chief Executive Officer of Finance & Economics of AFI Rus OOO. Mrs. Pirogova served as the Chief Financial Officer at AFI Development PLC. She served as a Managing Director at Marbleton Advisers of Alfa Capital Partners. She has long and successful track record in the Russian real estate with a focus on M&A deals and tax issues. She served as Managing Director of Marbleton Advisers at Marbleton Property Fund L.P. She joined Marbleton in November 2009 and was responsible for deal origination, transaction execution, and asset management. She served as Managing Partner at PNK Group Investments. She has more than 12 years of real estate experience in Russia (CIS) holding senior positions in fund management companies and managed funds including CPI Fund and FF&P (Russia) Real Estate and FF&P (Russia) Real Estate Development. Prior to joining Marbleton, she worked as the Financial Director and then Managing Partner at Fleming Family & Partners (Russia) Limited. As one of its two senior executives, she was responsible for the day-to-day management of the fund, deal execution, and asset management. Over the last two years, she was instrumental in execution of 14 transactions. Prior to joining Flemings, she worked at Projector of Gotham Investment Group and Commonwealth Property Investors. Mrs. Pirogova holds a Masters of Science Degree in Mechanical Engineering from St. Petersburg Institute of Technology and graduated from Russian Certified Accountants Institute as a Certified Accountant, Financial Manager, and Financial Expert (Consultant).

CEO Compensation
  • Insufficient data for Natalia to compare compensation growth.
  • Insufficient data for Natalia to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Ilya Kutnov

TITLE
Corporate Affairs & Investments Director

Natalia Pirogova

TITLE
Deputy Chief Executive Officer of Strategic Development & Investments - AFI RUS LLC.

Alexei Miroshnikov

TITLE
Deputy Chief Executive Officer of Finance & Economics at AFI RUS LLC
TENURE
0.9 yrs
Board of Directors

Elias Ebrahimpour

TITLE
Chairman
TENURE
0.2 yrs

Panayiotis Demetriou

TITLE
Senior Non-Executive Independent Director
COMPENSATION
$71K
AGE
79

Avraham Novogrocki

TITLE
Non-Executive Independent Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess AFI Development's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AFI Development has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AFDV.F News

Simply Wall St News

AFDV.F Company Info

Description

AFI Development Plc, together with its subsidiaries, engages in the real estate development and investment activities in the Russia. It operates through five segments: Development Projects-Residential Projects; Asset Management; Hotel Operation; Land Bank; and Other. The company focuses on developing and redeveloping commercial real estate assets, including offices, shopping centers, and hotels, as well as mixed-use properties and residential projects in prime locations in Moscow. As of December 31, 2017, its portfolio consisted of seven investment properties, four investment properties under development, four trading properties under development, and four hotel projects. AFI Development Plc also owns and operates hotels; and invests in property for lease or sale. The company was formerly known as Donkamill Holdings Limited and changed its name to AFI Development Plc in April 2007. The company was founded in 2001 and is based in Limassol, Cyprus. As of September 07, 2016, AFI Development Plc operates as a subsidiary of Flotonic Limited.

Details
Name: AFI Development Plc
AFDV.F
Exchange: OTCPK
Founded: 2001
$199,061,870
1,047,694,054
Website: http://www.afi-development.com
Address: AFI Development Plc
Lordos Waterfront Building,
5th Floor,
Limassol,
3035,
Cyprus
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE AFID GDR EACH REPR 1 ORD 'REGS' London Stock Exchange GB USD 03. May 2007
DB SQY1 GDR EACH REPR 1 ORD 'REGS' Deutsche Boerse AG DE EUR 03. May 2007
BATS-CHIXE AFIDL GDR EACH REPR 1 ORD 'REGS' BATS 'Chi-X Europe' GB USD 03. May 2007
LSE AFRB B Ordinary Shares London Stock Exchange GB USD 05. Jul 2010
OTCPK AFDV.F B Ordinary Shares Pink Sheets LLC US USD 05. Jul 2010
Number of employees
Current staff
Staff numbers
1,159
AFI Development employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/28 00:31
End of day share price update: 2018/12/28 00:00
Last earnings filing: 2018/11/20
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.