AECI Past Earnings Performance

Past criteria checks 5/6

AECI has been growing earnings at an average annual rate of 2.2%, while the Chemicals industry saw earnings growing at 24.2% annually. Revenues have been growing at an average rate of 11.1% per year. AECI's return on equity is 9.5%, and it has net margins of 3.1%.

Key information

2.2%

Earnings growth rate

2.2%

EPS growth rate

Chemicals Industry Growth	13.1%
Revenue growth rate	11.1%
Return on equity	9.5%
Net Margin	3.1%
Next Earnings Update	31 Jul 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

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

Earnings and Revenue History

JSE:AFE Revenue, expenses and earnings (ZAR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	37,500	1,174	8,747
30 Sep 23	37,991	1,065	8,273
30 Jun 23	38,482	955	7,799
31 Mar 23	37,033	941	7,799
31 Dec 22	35,583	927	7,799
30 Sep 22	32,670	1,080	6,951
30 Jun 22	29,756	1,232	6,103
31 Mar 22	27,905	1,210	6,103
31 Dec 21	26,053	1,187	6,103
30 Sep 21	25,351	811	6,573
30 Jun 21	24,648	434	7,043
31 Mar 21	24,380	284	7,043
31 Dec 20	24,111	133	7,043
30 Sep 20	24,102	648	6,657
30 Jun 20	24,092	1,163	6,271
31 Mar 20	24,446	1,227	6,271
31 Dec 19	24,799	1,291	6,271
30 Sep 19	24,806	1,093	6,029
30 Jun 19	24,813	894	5,787
31 Mar 19	24,064	942	5,787
31 Dec 18	23,314	990	5,787
30 Sep 18	21,896	1,008	5,214
30 Jun 18	20,477	1,026	4,640
31 Mar 18	19,480	988	4,640
31 Dec 17	18,482	950	4,640
30 Sep 17	18,244	913	4,670
30 Jun 17	18,006	875	4,700
31 Mar 17	18,301	826	4,700
31 Dec 16	18,596	777	4,700
30 Sep 16	18,741	718	4,579
30 Jun 16	18,885	658	4,457
31 Mar 16	18,666	833	4,457
31 Dec 15	18,446	1,007	4,457
30 Sep 15	17,996	1,080	4,149
30 Jun 15	17,545	1,153	3,840
31 Mar 15	17,224	1,125	3,840
31 Dec 14	16,903	1,096	3,840
30 Sep 14	16,805	1,123	3,882
30 Jun 14	16,706	1,149	3,923
31 Mar 14	16,324	1,048	3,923
31 Dec 13	15,942	946	3,923
30 Sep 13	15,294	896	3,573
30 Jun 13	14,645	845	3,223

Quality Earnings: AFE has high quality earnings.

Growing Profit Margin: AFE's current net profit margins (3.1%) are higher than last year (2.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AFE's earnings have grown by 2.2% per year over the past 5 years.

Accelerating Growth: AFE's earnings growth over the past year (26.6%) exceeds its 5-year average (2.2% per year).

Earnings vs Industry: AFE earnings growth over the past year (26.6%) exceeded the Chemicals industry 1.4%.

AECI Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Full year 2023 earnings: EPS and revenues miss analyst expectations

AECI Ltd to Report Q2, 2024 Results on Jul 31, 2024

First half 2023 earnings released: EPS: R6.00 (vs R5.74 in 1H 2022)

AECI Ltd to Report First Half, 2023 Results on Jul 26, 2023

First half 2022 earnings released: EPS: R5.74 (vs R5.31 in 1H 2021)

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Recent updates

Insider exercised options and sold R507k worth of stock

Upcoming dividend of R1.19 per share

Full year 2023 earnings: EPS and revenues miss analyst expectations

AECI Declares Gross Final Cash Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 8 April 2024

AECI Ltd Provides Earnings Guidance for the Year Ended December 31, 2023

New minor risk - Financial data availability

AECI Ltd to Report Q2, 2024 Results on Jul 31, 2024

AECI Limited Announces Directorate Change

AECI Ltd Appoints Rochelle Gabriels as Executive Director

Upcoming dividend of R1.00 per share at 6.5% yield

Price target increased by 20% to R120

First half 2023 earnings released: EPS: R6.00 (vs R5.74 in 1H 2022)

AECI Ltd Declares Gross Interim Cash Dividend for the Six Months Ended 30 June 2023, Payable on 4 September 2023

AECI Ltd Announces Board Committee Changes

Upcoming dividend of R5.80 per share at 8.4% yield

AECI Ltd Appoints Holger Riemensperger as an Executive Director, Effective 1 May 2023

AECI Ltd to Report First Half, 2023 Results on Jul 26, 2023

AECI Ltd Announces CEO Changes

High number of new directors

Upcoming dividend of R1.94 per share

First half 2022 earnings released: EPS: R5.74 (vs R5.31 in 1H 2021)

Aeci Limited Announces Retirement of Mark Anthony Dytor as Chief Executive Officer, Effective from 31, July 2023

AECI LIMITED Appoints Sam Coetzer to Board as Non-Executive Director, Effective July 1, 2022

AECI Ltd Announces Board Committee Changes

Chief Executive & Executive Director recently sold R2.6m worth of stock

High number of new directors

Upcoming dividend of R5.05 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

AECI Ltd Declares Gross Final Cash Dividend Financial Year Ended 31 December 2021, Payable on 11 April 2022

AECI Ltd to Report Fiscal Year 2021 Results on Mar 02, 2022

AECI Ltd to Report First Half, 2022 Results on Jul 27, 2022

AECI Ltd. Announces Management Changes, Effective May 20, 2022

Executive Officer recently sold R635k worth of stock

Sanlam Investment Management (Pty) Ltd. acquired an unknown stake in AECI Ltd (JSE:AFE).

Upcoming dividend of R1.80 per share

High number of new directors

First half 2021 earnings released: EPS R5.31 (vs R2.46 in 1H 2020)

Insider recently sold R1.8m worth of stock

Chief Executive & Executive Director recently sold R2.8m worth of stock

Insider recently sold R3.9m worth of stock

Upcoming dividend of R4.70 per share

New 90-day high: R98.82

AECI Ltd to Report Fiscal Year 2020 Results on Feb 24, 2021

Accounts under management of Coronation Asset Management Proprietary Ltd. acquired an unknown minority stake in AECI Ltd (JSE:AFE).

New 90-day high: R92.17

AECI Ltd(JSE:AFE) dropped from FTSE All-World Index (USD)

New 90-day high: R89.74

AECI LIMITED Appoints Wynand Strydom as Acting Group Company Secretary with Effect from 1 January 2021

New 90-day high: R88.25

AECI Ltd Announces Resignation of Nomini Rapoo as Company Secretary

AECI Ltd Announces Resignation of Jonathan Molapo as Non-Executive Director and Member of the Social and Ethics Committee

Chief Executive & Executive Director recently sold R3.5m worth of stock

AECI Ltd Announces Appointment of Trevor Starke as Debt Officer

Brenntag AG (XTRA:BNR) completed the acquisition of remaining 50% stake in Crest Chemicals (Pty) Limited from AECI Ltd (JSE:AFE) for ZAR 430 million.

Upcoming Dividend of R1.00 Per Share

New 90-day high - R89.52

New 90-day high - R83.00

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
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