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ADW

African Dawn CapitalJSE:ADW Stock Report

Market Cap

R5.7m

7D

0%

1Y

-25.0%

Updated

17 Oct, 2021

Data

Company Financials
ADW fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

ADW Overview

African Dawn Capital Limited, a micro finance company, provides various financial products in South Africa.

Price History & Performance

Summary of all time highs, changes and price drops for African Dawn Capital
Historical stock prices
Current Share PriceR0.09
52 Week HighR0.07
52 Week LowR0.19
Beta-4.77
1 Month Change0%
3 Month Change-25.00%
1 Year Change-25.00%
3 Year Change-47.06%
5 Year Change-88.75%
Change since IPO-99.83%

Recent News & Updates

Shareholder Returns

ADWZA Consumer FinanceZA Market
7D0%1.2%1.6%
1Y-25.0%59.1%21.3%

Return vs Industry: ADW underperformed the ZA Consumer Finance industry which returned 59.1% over the past year.

Return vs Market: ADW underperformed the ZA Market which returned 21.3% over the past year.

Price Volatility

Is ADW's price volatile compared to industry and market?
ADW volatility
ADW Beta-4.77
Industry Beta1.35
Market Beta1

Stable Share Price: ADW is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ADW's weekly volatility has decreased from 24% to 9% over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
199850David Dankerhttps://www.afdawn.co.za

African Dawn Capital Limited, a micro finance company, provides various financial products in South Africa. It operates through Investment Advisory and Investment Management, and Micro Finance segments. The company offers micro finance, debtor discounting, and structured property finance services.

African Dawn Capital Fundamentals Summary

How do African Dawn Capital's earnings and revenue compare to its market cap?
ADW fundamental statistics
Market CapR5.73m
Earnings (TTM)-R12.75m
Revenue (TTM)R7.10m

0.8x

P/S Ratio

-0.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADW income statement (TTM)
RevenueR7.10m
Cost of RevenueR0
Gross ProfitR7.10m
ExpensesR19.85m
Earnings-R12.75m

Last Reported Earnings

Feb 28, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.20
Gross Margin100.00%
Net Profit Margin-179.62%
Debt/Equity Ratio-148.3%

How did ADW perform over the long term?

See historical performance and comparison

Valuation

Is African Dawn Capital undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ADW (ZAR0.09) is trading below our estimate of fair value (ZAR0.41)

Significantly Below Fair Value: ADW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ADW is unprofitable, so we can't compare its PE Ratio to the African Consumer Finance industry average.

PE vs Market: ADW is unprofitable, so we can't compare its PE Ratio to the ZA market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ADW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ADW has negative assets, so we can't compare its PB Ratio to the XF Consumer Finance industry average.


Future Growth

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

6.6%

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 Dawn Capital 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.


Past Performance

How has African Dawn Capital performed over the past 5 years?

-7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADW is currently unprofitable.

Growing Profit Margin: ADW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ADW is unprofitable, and losses have increased over the past 5 years at a rate of 7.3% per year.

Accelerating Growth: Unable to compare ADW's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ADW is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-50.8%).


Return on Equity

High ROE: ADW's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is African Dawn Capital's financial position?


Financial Position Analysis

Short Term Liabilities: ADW has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ADW 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: ADW has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ADW's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ADW has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ADW has less than a year of cash runway if free cash flow continues to reduce at historical rates of 37.3% each year


Dividend

What is African Dawn Capital current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ADW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ADW'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 ADW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADW's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ADW's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

David Danker (31 yo)

2yrs

Tenure

Mr. David Simon Danker serves as Chief Executive Officer at African Dawn Capital Limited since October 10, 2019 and serves its Executive Director. Mr. Danker is a Chartered Accountant (SA) with private equ...


Leadership Team

Experienced Management: ADW's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: ADW's board of directors are not considered experienced ( 2.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14%.


Top Shareholders

Company Information

African Dawn Capital Limited's employee growth, exchange listings and data sources


Key Information

  • Name: African Dawn Capital Limited
  • Ticker: ADW
  • Exchange: JSE
  • Founded: 1998
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: R5.728m
  • Shares outstanding: 63.65m
  • Website: https://www.afdawn.co.za

Number of Employees


Location

  • African Dawn Capital Limited
  • The Village at Horizon
  • 3rd Floor
  • Johannesburg
  • Gauteng
  • 1724
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 17:01
End of Day Share Price2021/10/15 00:00
Earnings2021/02/28
Annual Earnings2021/02/28


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.