Afrimat Limited, an open pit mining company, provides industrial minerals and construction materials in South Africa. More Details
No risks detected for AFT from our risk checks.
Flawless balance sheet with solid track record.
Share Price & News
How has Afrimat's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AFT is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: AFT's weekly volatility (5%) has been stable over the past year.
7 Day Return
ZA Basic Materials
1 Year Return
ZA Basic Materials
Return vs Industry: AFT exceeded the ZA Basic Materials industry which returned 28% over the past year.
Return vs Market: AFT exceeded the ZA Market which returned 1.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Afrimat's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Type Of Shareholders Own The Most Number of Afrimat Limited (JSE:AFT) Shares?
2 weeks ago | Simply Wall StIs Afrimat Limited (JSE:AFT) A Smart Pick For Income Investors?
4 weeks ago | Simply Wall StWhat Can We Make Of Afrimat's (JSE:AFT) CEO Compensation?
Is Afrimat 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: AFT (ZAR43) is trading above our estimate of fair value (ZAR30.42)
Significantly Below Fair Value: AFT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AFT is good value based on its PE Ratio (12.6x) compared to the XF Basic Materials industry average (18.2x).
PE vs Market: AFT is good value based on its PE Ratio (12.6x) compared to the ZA market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFT is overvalued based on its PB Ratio (3x) compared to the XF Basic Materials industry average (1.2x).
How is Afrimat forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Afrimat 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.
- Check out Afrimat's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Explore growth companies in the Materials industry.
How has Afrimat performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFT has high quality earnings.
Growing Profit Margin: AFT's current net profit margins (14.7%) are higher than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: AFT's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: AFT's earnings growth over the past year (9.8%) is below its 5-year average (16% per year).
Earnings vs Industry: AFT earnings growth over the past year (9.8%) exceeded the Basic Materials industry -7.9%.
Return on Equity
High ROE: AFT's Return on Equity (24%) is considered high.
How is Afrimat's financial position?
Financial Position Analysis
Short Term Liabilities: AFT's short term assets (ZAR1.2B) exceed its short term liabilities (ZAR658.4M).
Long Term Liabilities: AFT's short term assets (ZAR1.2B) exceed its long term liabilities (ZAR495.7M).
Debt to Equity History and Analysis
Debt Level: AFT's debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: AFT's debt to equity ratio has reduced from 14.3% to 10.7% over the past 5 years.
Debt Coverage: AFT's debt is well covered by operating cash flow (282.6%).
Interest Coverage: AFT's interest payments on its debt are well covered by EBIT (45.9x coverage).
What is Afrimat current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFT's dividend (2.72%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (2.98%).
High Dividend: AFT's dividend (2.72%) is low compared to the top 25% of dividend payers in the ZA market (8.8%).
Stability and Growth of Payments
Stable Dividend: AFT's dividends per share have been stable in the past 10 years.
Growing Dividend: AFT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.2%), AFT's dividend payments are 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Andries van Heerden (55 yo)
Mr. Andries Johannes van Heerden, B.Eng (Mech), MBA, has been Chief Executive Officer of Afrimat Limited since October 4, 2006. Mr. van Heerden started his career at Iscor Mining serving in different manag...
CEO Compensation Analysis
Compensation vs Market: Andries's total compensation ($USD670.74K) is about average for companies of similar size in the ZA market ($USD666.28K).
Compensation vs Earnings: Andries's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||14.25yrs||R9.99m||0.79% |
|CFO & Director||no data||R5.51m||0.15% |
|Executive Director||1.17yrs||R3.71m||0.0039% |
|Independent Non-Executive Director||3.83yrs||R232.00k||no data|
|Non-Executive Director||13.25yrs||R451.00k||no data|
|Independent Non-Executive Director||12yrs||R356.00k||no data|
|Independent Chairman||15yrs||R994.00k||0.33% |
|Independent Non Executive Director||15yrs||R376.00k||0.081% |
|Lead Independent Director||no data||R368.00k||0.21% |
|Non-Executive Director||10.17yrs||R297.00k||0.49% |
|Independent Non-Executive Director||6.42yrs||R356.00k||0.016% |
|Independent Non-Executive Director||3.83yrs||R333.00k||0.29% |
Experienced Board: AFT's board of directors are seasoned and experienced ( 11.1 years average tenure).
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.
Afrimat Limited's company bio, employee growth, exchange listings and data sources
- Name: Afrimat Limited
- Ticker: AFT
- Exchange: JSE
- Founded: 1963
- Industry: Construction Materials
- Sector: Materials
- Market Cap: R5.778b
- Shares outstanding: 137.56m
- Website: https://www.afrimat.co.za
Number of Employees
- Afrimat Limited
- Tyger Valley Office Park No. 2
- Cor Willie van Schoor Ave & Old Oak Rd
- Western Cape
- South Africa
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AFT||JSE (The Johannesburg Securities Exchange)||Yes||Ordinary Shares||ZA||ZAR||Nov 2006|
Afrimat Limited, an open pit mining company, provides industrial minerals and construction materials in South Africa. It operates through three segments: Construction Materials, Industrial Minerals, and Bu...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/21 17:03|
|End of Day Share Price||2021/01/21 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.