| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
AFE Stock Overview
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.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R112.50 |
| 52 Week High | R127.00 |
| 52 Week Low | R86.99 |
| Beta | 0.73 |
| 1 Month Change | 3.00% |
| 3 Month Change | 0.69% |
| 1 Year Change | 25.95% |
| 3 Year Change | 23.64% |
| 5 Year Change | 9.33% |
| Change since IPO | 1,150.00% |
Recent News & Updates
Shareholder Returns
| AFE | ZA Chemicals | ZA Market | |
|---|---|---|---|
| 7D | -4.2% | -2.0% | -1.7% |
| 1Y | 26.0% | 88.5% | 10.4% |
Return vs Industry: AFE underperformed the ZA Chemicals industry which returned 77.2% over the past year.
Return vs Market: AFE exceeded the ZA Market which returned 9.3% over the past year.
Price Volatility
| AFE volatility | |
|---|---|
| AFE Average Weekly Movement | 3.6% |
| Chemicals Industry Average Movement | 4.4% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in ZA Market | 11.4% |
| 10% least volatile stocks in ZA Market | 3.3% |
Stable Share Price: AFE is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AFE's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1894 | 6,807 | Mark Dytor | https://www.aeciworld.com |
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. The company operates through five segments: AECI Mining, AECI Water, AECI Agri Health, AECI Chemicals, and AECI Property Services & Corporate. The AECI Mining segment provides mine-to-mineral solution for the mining sector.
AECI Fundamentals Summary
| AFE fundamental statistics | |
|---|---|
| Market Cap | R12.37b |
| Earnings (TTM) | R434.00m |
| Revenue (TTM) | R24.65b |
28.5x
P/E Ratio0.5x
P/S RatioIs AFE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AFE income statement (TTM) | |
|---|---|
| Revenue | R24.65b |
| Cost of Revenue | R16.91b |
| Gross Profit | R7.74b |
| Expenses | R7.30b |
| Earnings | R434.00m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.95 |
| Gross Margin | 31.38% |
| Net Profit Margin | 1.76% |
| Debt/Equity Ratio | 42.4% |
How did AFE perform over the long term?
See historical performance and comparisonDividends
5.8%
Current Dividend Yield158%
Payout RatioValuation
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 (ZAR112.5) is trading below our estimate of fair value (ZAR234.32)
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 (28.5x) compared to the ZA Chemicals industry average (10.9x).
PE vs Market: AFE is poor value based on its PE Ratio (28.5x) compared to the ZA market (10.6x).
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's PB Ratio (1.2x) is in line with the ZA Chemicals industry average.
Future Growth
How is AECI forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.9%
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?
-4.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFE has a large one-off gain of ZAR612.0M impacting its June 30 2021 financial results.
Growing Profit Margin: AFE's current net profit margins (1.8%) are lower than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: AFE's earnings have declined by 4.8% 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 (-62.7%) over the past year, making it difficult to compare to the Chemicals industry average (40.8%).
Return on Equity
High ROE: AFE's Return on Equity (4.5%) is considered low.
Financial Health
How is AECI's financial position?
Financial Position Analysis
Short Term Liabilities: AFE's short term assets (ZAR11.2B) exceed its short term liabilities (ZAR6.0B).
Long Term Liabilities: AFE's short term assets (ZAR11.2B) exceed its long term liabilities (ZAR5.0B).
Debt to Equity History and Analysis
Debt Level: AFE's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: AFE's debt to equity ratio has increased from 28% to 42.4% over the past 5 years.
Debt Coverage: AFE's debt is well covered by operating cash flow (59.2%).
Interest Coverage: AFE's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
Dividend
What is AECI current dividend yield, its reliability and sustainability?
5.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFE's dividend (5.78%) is higher than the bottom 25% of dividend payers in the ZA market (2.89%).
High Dividend: AFE's dividend (5.78%) is low compared to the top 25% of dividend payers in the ZA market (7.41%).
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 (158%), 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?
8.8yrs
Average management tenure
CEO
Mark Dytor (59 yo)
8.83yrs
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 ($USD1.40M) is above average for companies of similar size in the ZA market ($USD858.70K).
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 (8.8 years average tenure).
Board Members
Experienced Board: AFE's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AFE insiders have only sold shares 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 employee growth, exchange listings and data sources
Key Information
- Name: AECI Ltd
- Ticker: AFE
- Exchange: JSE
- Founded: 1894
- Industry: Specialty Chemicals
- Sector: Materials
- Implied Market Cap: R12.369b
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/25 21:34 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/06/30 |
| 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.