AfroCentric Investment Corporation Limited

JSE:ACT Stock Report

Market Cap: R1.7b

AfroCentric Investment Past Earnings Performance

Past criteria checks 0/6

AfroCentric Investment's earnings have been declining at an average annual rate of -11.9%, while the Diversified Financial industry saw earnings growing at 6.7% annually. Revenues have been growing at an average rate of 9.5% per year. AfroCentric Investment's return on equity is 2.2%, and it has net margins of 0.6%.

Key information

-11.9%

Earnings growth rate

-14.9%

EPS growth rate

Diversified Financial Industry Growth6.0%
Revenue growth rate9.5%
Return on equity2.2%
Net Margin0.6%
Last Earnings Update30 Jun 2024

Recent past performance updates

Recent updates

AfroCentric Investment Corporation Limited's (JSE:ACT) 26% Dip In Price Shows Sentiment Is Matching Revenues

Dec 03
AfroCentric Investment Corporation Limited's (JSE:ACT) 26% Dip In Price Shows Sentiment Is Matching Revenues

AfroCentric Investment Corporation Limited's (JSE:ACT) 29% Price Boost Is Out Of Tune With Earnings

Sep 01
AfroCentric Investment Corporation Limited's (JSE:ACT) 29% Price Boost Is Out Of Tune With Earnings

Pinning Down AfroCentric Investment Corporation Limited's (JSE:ACT) P/E Is Difficult Right Now

May 02
Pinning Down AfroCentric Investment Corporation Limited's (JSE:ACT) P/E Is Difficult Right Now

Here's Why We Think AfroCentric Investment Corporation Limited's (JSE:ACT) CEO Compensation Looks Fair for the time being

Nov 04
Here's Why We Think AfroCentric Investment Corporation Limited's (JSE:ACT) CEO Compensation Looks Fair for the time being

AfroCentric Investment (JSE:ACT) Has Announced A Dividend Of ZAR0.17

Oct 26
AfroCentric Investment (JSE:ACT) Has Announced A Dividend Of ZAR0.17

AfroCentric Investment (JSE:ACT) Is Due To Pay A Dividend Of ZAR0.17

Oct 12
AfroCentric Investment (JSE:ACT) Is Due To Pay A Dividend Of ZAR0.17

AfroCentric Investment (JSE:ACT) Will Pay A Dividend Of ZAR0.17

Sep 16
AfroCentric Investment (JSE:ACT) Will Pay A Dividend Of ZAR0.17

AfroCentric Investment (JSE:ACT) Will Pay A Dividend Of R0.17

Oct 03
AfroCentric Investment (JSE:ACT) Will Pay A Dividend Of R0.17

AfroCentric Investment's (JSE:ACT) Dividend Will Be R0.17

Sep 16
AfroCentric Investment's (JSE:ACT) Dividend Will Be R0.17

Is Now The Time To Put AfroCentric Investment (JSE:ACT) On Your Watchlist?

Sep 05
Is Now The Time To Put AfroCentric Investment (JSE:ACT) On Your Watchlist?

I Built A List Of Growing Companies And AfroCentric Investment (JSE:ACT) Made The Cut

Jun 04
I Built A List Of Growing Companies And AfroCentric Investment (JSE:ACT) Made The Cut

How Does AfroCentric Investment Corporation Limited (JSE:ACT) Fare As A Dividend Stock?

Apr 28
How Does AfroCentric Investment Corporation Limited (JSE:ACT) Fare As A Dividend Stock?

I Built A List Of Growing Companies And AfroCentric Investment (JSE:ACT) Made The Cut

Feb 24
I Built A List Of Growing Companies And AfroCentric Investment (JSE:ACT) Made The Cut

Why AfroCentric Investment Corporation Limited (JSE:ACT) Should Be In Your Dividend Portfolio

Jan 18
Why AfroCentric Investment Corporation Limited (JSE:ACT) Should Be In Your Dividend Portfolio

AfroCentric Investment's (JSE:ACT) Shareholders Are Down 44% On Their Shares

Dec 22
AfroCentric Investment's (JSE:ACT) Shareholders Are Down 44% On Their Shares

Here's Why I Think AfroCentric Investment (JSE:ACT) Is An Interesting Stock

Nov 25
Here's Why I Think AfroCentric Investment (JSE:ACT) Is An Interesting Stock

Revenue & Expenses Breakdown

How AfroCentric Investment makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

JSE:ACT Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 248,903553200
31 Mar 248,9101433310
31 Dec 238,9382313420
30 Sep 238,9052073430
30 Jun 238,8491843430
31 Mar 238,7982363190
31 Dec 228,7462882950
30 Sep 228,7203042620
30 Jun 228,6943202290
31 Dec 218,406253240
30 Sep 218,242290820
30 Jun 218,0773261410
31 Dec 207,207342-1710
30 Sep 206,813327-390
30 Jun 206,419312930
31 Mar 206,2602992850
31 Dec 196,0782955250
30 Sep 195,6882833540
30 Jun 195,2972701840
31 Mar 194,9212622220
31 Dec 184,5462542600
30 Sep 184,3792552410
30 Jun 184,2132572210
31 Mar 184,1131992550
31 Dec 174,0131422880
30 Sep 173,8991302680
30 Jun 173,7851182490
31 Mar 173,6501512500
31 Dec 163,5161842500
30 Sep 163,3321622490
30 Jun 163,1481402490
31 Mar 162,8361532740
31 Dec 152,5241672990
30 Sep 152,3111602640
30 Jun 152,0981542290
31 Mar 152,0681672340
31 Dec 142,0371802390
30 Sep 141,9981672400
30 Jun 141,9581542400
31 Mar 141,9231642520

Quality Earnings: ACT has a large one-off loss of ZAR276.4M impacting its last 12 months of financial results to 30th June, 2024.

Growing Profit Margin: ACT's current net profit margins (0.6%) are lower than last year (2.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ACT's earnings have declined by 11.9% per year over the past 5 years.

Accelerating Growth: ACT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ACT had negative earnings growth (-69.8%) over the past year, making it difficult to compare to the Diversified Financial industry average (-40.1%).

Return on Equity

High ROE: ACT's Return on Equity (2.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 18:32
End of Day Share Price 2025/01/08 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

AfroCentric Investment Corporation Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Keith McLachlanThebe Stockbroking (Pty) Ltd.