African Oxygen
Market Cap
R7.7b
Last Updated
2021/01/21 17:00 UTC
Data Sources
Company Financials
Executive Summary
African Oxygen Limited, together with its subsidiaries, manufactures and distributes atmospheric gases, liquefied petroleum gas (LPG), and hard goods in South Africa and other African countries. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Share Price & News
How has African Oxygen's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AFX is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: AFX's weekly volatility has decreased from 7% to 1% over the past year.
Market Performance
7 Day Return
0%
AFX
-0.09%
ZA Chemicals
2.0%
ZA Market
1 Year Return
15.1%
AFX
-31.0%
ZA Chemicals
1.2%
ZA Market
Return vs Industry: AFX exceeded the ZA Chemicals industry which returned -31% over the past year.
Return vs Market: AFX exceeded the ZA Market which returned 1.2% over the past year.
Shareholder returns
| AFX | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -0.09% | 2.0% |
| 30 Day | 1.2% | 22.9% | 7.2% |
| 90 Day | 4.1% | 56.2% | 12.9% |
| 1 Year | 42.4%15.1% | -30.3%-31.0% | 6.5%1.2% |
| 3 Year | 22.3%-8.2% | -55.6%-58.7% | 2.9%-17.9% |
| 5 Year | 162.3%79.1% | -47.3%-54.1% | 51.0%8.9% |
Long-Term Price Volatility Vs. Market
How volatile is African Oxygen's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is African Oxygen 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: AFX (ZAR24.98) is trading below our estimate of fair value (ZAR50.7)
Significantly Below Fair Value: AFX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AFX is poor value based on its PE Ratio (14.7x) compared to the ZA Chemicals industry average (9.8x).
PE vs Market: AFX is poor value based on its PE Ratio (14.7x) compared to the ZA market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFX is overvalued based on its PB Ratio (1.8x) compared to the ZA Chemicals industry average (0.8x).
Next Steps
Future Growth
How is African Oxygen forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
67.9%
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 African Oxygen 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.
Next Steps
- Check out African Oxygen'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.
Past Performance
How has African Oxygen performed over the past 5 years?
9.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFX has high quality earnings.
Growing Profit Margin: AFX's current net profit margins (9.1%) are higher than last year (7.6%).
Past Earnings Growth Analysis
Earnings Trend: AFX's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: AFX's earnings growth over the past year (12.2%) exceeds its 5-year average (9% per year).
Earnings vs Industry: AFX earnings growth over the past year (12.2%) exceeded the Chemicals industry 7.7%.
Return on Equity
High ROE: AFX's Return on Equity (12.1%) is considered low.
Next Steps
Financial Health
How is African Oxygen's financial position?
Financial Position Analysis
Short Term Liabilities: AFX's short term assets (ZAR3.3B) exceed its short term liabilities (ZAR1.3B).
Long Term Liabilities: AFX's short term assets (ZAR3.3B) exceed its long term liabilities (ZAR1.5B).
Debt to Equity History and Analysis
Debt Level: AFX's debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: AFX's debt to equity ratio has reduced from 32% to 13.6% over the past 5 years.
Debt Coverage: AFX's debt is well covered by operating cash flow (193.5%).
Interest Coverage: AFX's interest payments on its debt are well covered by EBIT (26.6x coverage).
Balance Sheet
Next Steps
Dividend
What is African Oxygen current dividend yield, its reliability and sustainability?
3.36%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFX's dividend (3.36%) is higher than the bottom 25% of dividend payers in the ZA market (2.98%).
High Dividend: AFX's dividend (3.36%) is low compared to the top 25% of dividend payers in the ZA market (8.8%).
Stability and Growth of Payments
Stable Dividend: AFX's dividend payments have been volatile in the past 10 years.
Growing Dividend: AFX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.3%), AFX'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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Schalk Venter (53 yo)
5.67yrs
Tenure
R9,860,000
Compensation
Mr. Schalk M. Venter has been the Managing Director and Executive Director of African Oxygen Limited since May 18, 2015. Mr. Venter served as Managing Director of AEL Mining Services Limited at AECI Ltd. s...
CEO Compensation Analysis
Compensation vs Market: Schalk's total compensation ($USD662.28K) is about average for companies of similar size in the ZA market ($USD666.28K).
Compensation vs Earnings: Schalk's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 5.67yrs | R9.86m | no data | |
| Group Finance Director & Executive Director | 0.75yr | no data | no data | |
| Senior Director of Operations | 5.25yrs | no data | no data | |
| Director of IS RAF | 3.83yrs | no data | no data | |
| Head of Legal | no data | no data | no data | |
| Head of Human Resources | 2yrs | no data | no data | |
| Head of SHEQ | 8.5yrs | R918.00k | no data | |
| Head of Procurement | 5.33yrs | no data | no data | |
| Head of the Programme Management Office | 5.25yrs | no data | no data | |
| Head of Healthcare | 3.42yrs | no data | no data | |
| Head of Internal Audit | no data | no data | no data | |
| Deputy Company Secretary | 2.5yrs | no data | no data |
4.5yrs
Average Tenure
Experienced Management: AFX's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 5.67yrs | R9.86m | no data | |
| Group Finance Director & Executive Director | 0.75yr | no data | no data | |
| Independent Non-Executive Director | 6.5yrs | R639.00k | no data | |
| Non-Executive Director | 9.67yrs | no data | no data | |
| Lead Independent Non-Executive Director | 1.67yrs | R804.00k | 0.0081% ZAR 624.3k | |
| Independent Non-Executive Director | 8.17yrs | R721.00k | 0.000030% ZAR 2.3k | |
| Chairman | 1.75yrs | no data | no data | |
| Independent Non-Executive Director | 1yr | no data | no data |
3.7yrs
Average Tenure
52.5yo
Average Age
Experienced Board: AFX's board of directors are considered experienced (3.7 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
African Oxygen Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: African Oxygen Limited
- Ticker: AFX
- Exchange: JSE
- Founded: 1927
- Industry: Industrial Gases
- Sector: Materials
- Market Cap: R7.708b
- Shares outstanding: 308.57m
- Website: https://www.afrox.co.za
Number of Employees
Location
- African Oxygen Limited
- Afrox House
- 23 Webber Street
- Johannesburg
- Gauteng
- 2001
- South Africa
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AFX | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Jan 1980 |
| AOX | NMSE (Namibian Stock Exchange) | Yes | Ordinary Shares | NA | ZAR | Jan 1980 |
| IZ8A | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1980 |
Biography
African Oxygen Limited, together with its subsidiaries, manufactures and distributes atmospheric gases, liquefied petroleum gas (LPG), and hard goods in South Africa and other African countries. It operate...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 17:00 |
| End of Day Share Price | 2021/01/12 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.