Alexander Forbes Group Holdings Limited, a financial services company, provides a range of employee benefits, retirements, consulting, investments, and wealth management solutions to corporate clients and individuals in South Africa.
Price History & Performance
|Historical stock prices|
|Current Share Price||R4.32|
|52 Week High||R3.18|
|52 Week Low||R4.83|
|1 Month Change||7.73%|
|3 Month Change||11.92%|
|1 Year Change||33.75%|
|3 Year Change||-14.96%|
|5 Year Change||-33.44%|
|Change since IPO||-48.63%|
Recent News & Updates
Alexander Forbes Group Holdings Limited's (JSE:AFH) CEO Compensation Looks Acceptable To Us And Here's Why
CEO Dawie de Villiers has done a decent job of delivering relatively good performance at Alexander Forbes Group...
|AFH||ZA Capital Markets||ZA Market|
Return vs Industry: AFH underperformed the ZA Capital Markets industry which returned 58.6% over the past year.
Return vs Market: AFH exceeded the ZA Market which returned 20.7% over the past year.
Stable Share Price: AFH is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: AFH's weekly volatility (5%) has been stable over the past year.
About the Company
|1935||n/a||Dawie de Villiers||https://www.alexanderforbes.co.za|
Alexander Forbes Group Holdings Limited, a financial services company, provides a range of employee benefits, retirements, consulting, investments, and wealth management solutions to corporate clients and individuals in South Africa. The company’s solutions for individuals cover money management, budgeting, and savings services; goal based, unit trusts, endowments, and offshore investment; private wealth management services; retirement pension or provident, and annuity funds; healthcare solutions and support, and consulting services; and life and risk cover, as well as wills services. Its solutions for businesses cover consulting and actuarial services; retirement fund services; healthcare consulting, health management, and technical advisory services; group and business insurance services in the areas of assets, earnings, and the legal liabilities of business against loss or damage; services that cover emerging markets in Arica; and trust and beneficiary services that cover the management of death benefits for beneficiaries of deceased retirement fund members and employees.
Alexander Forbes Group Holdings Fundamentals Summary
|AFH fundamental statistics|
Is AFH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AFH income statement (TTM)|
|Cost of Revenue||R882.00m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
Dec 06, 2021
|Earnings per share (EPS)||0.33|
|Net Profit Margin||10.56%|
How did AFH perform over the long term?See historical performance and comparison
5.1%Current Dividend Yield
Is Alexander Forbes Group Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AFH's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AFH's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AFH is poor value based on its PE Ratio (12.9x) compared to the ZA Capital Markets industry average (11.4x).
PE vs Market: AFH is poor value based on its PE Ratio (12.9x) compared to the ZA market (11.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFH is overvalued based on its PB Ratio (1.4x) compared to the ZA Capital Markets industry average (0.7x).
How is Alexander Forbes Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if AFH's forecast earnings growth is above the savings rate (8.8%).
Earnings vs Market: Insufficient data to determine if AFH's earnings are forecast to grow faster than the ZA market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AFH's revenue is expected to decline over the next 3 years (-11.5% per year).
High Growth Revenue: AFH's revenue is forecast to decline over the next 3 years (-11.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AFH's Return on Equity is forecast to be low in 3 years time (10.6%).
How has Alexander Forbes Group Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFH has high quality earnings.
Growing Profit Margin: AFH became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: AFH's earnings have declined by 45.7% per year over the past 5 years.
Accelerating Growth: AFH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AFH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (35.2%).
Return on Equity
High ROE: AFH's Return on Equity (11%) is considered low.
How is Alexander Forbes Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: AFH's short term assets (ZAR338.4B) exceed its short term liabilities (ZAR1.7B).
Long Term Liabilities: AFH's short term assets (ZAR338.4B) exceed its long term liabilities (ZAR335.2B).
Debt to Equity History and Analysis
Debt Level: AFH's debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: AFH's debt to equity ratio has reduced from 11.5% to 0.7% over the past 5 years.
Debt Coverage: AFH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AFH earns more interest than it pays, so coverage of interest payments is not a concern.
What is Alexander Forbes Group Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFH's dividend (5.09%) is higher than the bottom 25% of dividend payers in the ZA market (3.05%).
High Dividend: AFH's dividend (5.09%) is low compared to the top 25% of dividend payers in the ZA market (8.06%).
Stability and Growth of Payments
Stable Dividend: AFH has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AFH's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (67%), AFH's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AFH's dividends in 3 years are forecast to be covered by earnings (75.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dawie de Villiers (50 yo)
Mr. D.J. de Villiers, also known as Dawie, serves as the Group Chief Executive Officer and Executive Director of Alexander Forbes Group Holdings Limited since November 1, 2018 and served as its Interim Exe...
CEO Compensation Analysis
Compensation vs Market: Dawie's total compensation ($USD1.16M) is above average for companies of similar size in the ZA market ($USD728.25K).
Compensation vs Earnings: Dawie's compensation has been consistent with company performance over the past year.
Experienced Management: AFH's management team is considered experienced (2.8 years average tenure).
Experienced Board: AFH's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Alexander Forbes Group Holdings Limited's employee growth, exchange listings and data sources
- Name: Alexander Forbes Group Holdings Limited
- Ticker: AFH
- Exchange: JSE
- Founded: 1935
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: R5.510b
- Shares outstanding: 1.28b
- Website: https://www.alexanderforbes.co.za
- Alexander Forbes Group Holdings Limited
- Alexander Forbes
- 115 West Street
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 21:46|
|End of Day Share Price||2021/10/19 00:00|
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.