Market Cap
R10.7b
Last Updated
2021/04/09 17:02 UTC
Data Sources
Company Financials
Executive Summary
AECI Ltd, together with its subsidiaries, operates in the mining, water treatment, plant and animal health, food and beverage, infrastructure, and general industrial sectors in Africa, Europe, South East Asia, North America, South America, and Australia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has AECI's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AFE is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AFE's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-6.5%
AFE
-2.3%
ZA Chemicals
-1.2%
ZA Market
1 Year Return
31.8%
AFE
162.8%
ZA Chemicals
36.4%
ZA Market
Return vs Industry: AFE underperformed the ZA Chemicals industry which returned 162.8% over the past year.
Return vs Market: AFE underperformed the ZA Market which returned 36.4% over the past year.
Shareholder returns
| AFE | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.5% | -2.3% | -1.2% |
| 30 Day | -3.7% | -4.7% | -1.6% |
| 90 Day | 10.2% | 26.6% | 9.8% |
| 1 Year | 39.6%31.8% | 165.0%162.8% | 43.6%36.4% |
| 3 Year | 2.3%-15.1% | -45.6%-48.7% | 18.2%-7.2% |
| 5 Year | 37.2%4.9% | -44.8%-51.3% | 35.3%2.9% |
Long-Term Price Volatility Vs. Market
How volatile is AECI's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Here's What AECI Ltd's (JSE:AFE) P/E Ratio Is Telling Us1 year ago | Simply Wall St
Is AECI Ltd (JSE:AFE) The Right Choice For A Smart Dividend Investor?1 year ago | Simply Wall St
What Kind Of Shareholders Own AECI Ltd (JSE:AFE)?Valuation
Is AECI 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: AFE (ZAR97) is trading below our estimate of fair value (ZAR330.69)
Significantly Below Fair Value: AFE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AFE is poor value based on its PE Ratio (77x) compared to the XF Chemicals industry average (11.6x).
PE vs Market: AFE is poor value based on its PE Ratio (77x) compared to the ZA market (12.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFE is overvalued based on its PB Ratio (1x) compared to the ZA Chemicals industry average (0.9x).
Future Growth
How is AECI forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
36.5%
Forecasted Materials 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 AECI 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 AECI performed over the past 5 years?
1.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFE has high quality earnings.
Growing Profit Margin: AFE's current net profit margins (0.6%) are lower than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: AFE's earnings have grown by 1.1% per year over the past 5 years.
Accelerating Growth: AFE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AFE had negative earnings growth (-89.7%) over the past year, making it difficult to compare to the Chemicals industry average (4.1%).
Return on Equity
High ROE: AFE's Return on Equity (1.5%) is considered low.
Financial Health
How is AECI's financial position?
Financial Position Analysis
Short Term Liabilities: AFE's short term assets (ZAR12.9B) exceed its short term liabilities (ZAR7.8B).
Long Term Liabilities: AFE's short term assets (ZAR12.9B) exceed its long term liabilities (ZAR5.0B).
Debt to Equity History and Analysis
Debt Level: AFE's debt to equity ratio (52.2%) is considered high.
Reducing Debt: AFE's debt to equity ratio has increased from 36.6% to 52.2% over the past 5 years.
Debt Coverage: AFE's debt is well covered by operating cash flow (55.5%).
Interest Coverage: AFE's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
Dividend
What is AECI current dividend yield, its reliability and sustainability?
5.88%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFE's dividend (5.88%) is higher than the bottom 25% of dividend payers in the ZA market (3.06%).
High Dividend: AFE's dividend (5.88%) is low compared to the top 25% of dividend payers in the ZA market (7.64%).
Stability and Growth of Payments
Stable Dividend: AFE's dividend payments have been volatile in the past 10 years.
Growing Dividend: AFE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (452.2%), AFE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average management tenure
CEO
Mark Dytor (58 yo)
8.08yrs
Tenure
R21,331,000
Compensation
Mr. Mark Anthony Dytor has been the Chief Executive Officer of AECI Ltd. since March 01, 2013. Mr. Dytor has been the Managing Director of Chemserve Water Sciences since 1993 and then of S.A. Paper Chemica...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD1.46M) is above average for companies of similar size in the ZA market ($USD806.98K).
Compensation vs Earnings: Mark's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: AFE's management team is seasoned and experienced (8.1 years average tenure).
Board Members
Experienced Board: AFE's board of directors are considered experienced (3.6 years average tenure).
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
AECI Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: AECI Ltd
- Ticker: AFE
- Exchange: JSE
- Founded: 1894
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: R10.677b
- Shares outstanding: 109.94m
- Website: https://www.aeciworld.com
Number of Employees
Location
- AECI Ltd
- AECI Place
- First Floor, 24 The Woodlands
- Sandton
- Gauteng
- 2191
- South Africa
Listings
Biography
AECI Ltd, together with its subsidiaries, operates in the mining, water treatment, plant and animal health, food and beverage, infrastructure, and general industrial sectors in Africa, Europe, South East A...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/09 17:02 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.