How does ANI's PE Ratio compare to its peers?

ANI is expensive based on its Price-To-Earnings Ratio (4.2x) compared to the peer average (4.1x).

How does ANI's PE Ratio compare vs other companies in the African Real Estate Industry?

ANI is good value based on its Price-To-Earnings Ratio (4.2x) compared to the African Real Estate industry average (9.5x).

What is ANI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate ANI's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of ANI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ANI (ZAR4) is trading below our estimate of [[fair value]] (ZAR5.63)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Afine Investments (JSE:ANI) - Stock Price, News & Analysis

ANI Stock Overview

Operates as an investment property holding company. More details

ANI fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	4/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 28.9% below our estimate of its fair value

Earnings grew by 142% over the past year

Risk Analysis

Earnings have declined by 14.5% per year over past 5 years

Volatile share price over the past 3 months compared to the ZA market

Does not have a meaningful market cap (ZAR290M)

Does not have meaningful revenue (ZAR45M)

+ 2 more risks

Afine Investments Limited Competitors

Putprop

JSE:PPR

R134.0m

Trematon Capital Investments

JSE:TMT

R570.9m

Acsion

JSE:ACS

R2.7b

Collins Property Group

JSE:CPP

R3.5b

Price History & Performance

Summary of all time highs, changes and price drops for Afine Investments
Historical stock prices
Current Share Price	R4.00
52 Week High	R5.00
52 Week Low	R3.80
Beta	-0.094
11 Month Change	0%
3 Month Change	0%
1 Year Change	-20.00%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	6.67%

Recent updates

Impressive Earnings May Not Tell The Whole Story For Afine Investments (JSE:ANI)

Jun 07

Afine Investments (JSE:ANI) Is Due To Pay A Dividend Of ZAR0.205

Jun 02

Afine Investments (JSE:ANI) Has Announced That Its Dividend Will Be Reduced To ZAR0.206

Jun 05

Shareholder Returns

	ANI	ZA Real Estate	ZA Market
7D	0%	1.4%	1.7%
1Y	-20.0%	33.9%	15.6%

Return vs Industry: ANI underperformed the ZA Real Estate industry which returned 33.9% over the past year.

Return vs Market: ANI underperformed the ZA Market which returned 15.6% over the past year.

Price Volatility

Is ANI's price volatile compared to industry and market?
ANI volatility
ANI Average Weekly Movement	7.8%
Real Estate Industry Average Movement	6.4%
Market Average Movement	4.5%
10% most volatile stocks in ZA Market	9.5%
10% least volatile stocks in ZA Market	2.6%

Stable Share Price: ANI's share price has been volatile over the past 3 months compared to the ZA market.

Volatility Over Time: ANI's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

Founded	Employees	CEO	Website
2020	n/a	Anton Loubser	www.afineinvestments.com

Afine Investments Limited operates as an investment property holding company. It holds a portfolio of immovable properties focused primarily in the petroleum sector located in South Africa. The company was incorporated in 2020 and is based in Strand, South Africa.

Afine Investments Limited Fundamentals Summary

How do Afine Investments's earnings and revenue compare to its market cap?
ANI fundamental statistics
Market cap	R290.15m
Earnings (TTM)	R69.77m
Revenue (TTM)	R44.82m

4.2x

P/E Ratio

6.5x

P/S Ratio

Is ANI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ANI income statement (TTM)
Revenue	R44.82m
Cost of Revenue	R3.57m
Gross Profit	R41.25m
Other Expenses	-R28.52m
Earnings	R69.77m

Last Reported Earnings

Aug 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.96
Gross Margin	92.04%
Net Profit Margin	155.67%
Debt/Equity Ratio	37.6%

How did ANI perform over the long term?

See historical performance and comparison

Dividends

10.3%

Current Dividend Yield

43%

Payout Ratio

Does ANI pay a reliable dividends?

See ANI dividend history and benchmarks

When do you need to buy ANI by to receive an upcoming dividend?
Afine Investments dividend dates
Ex Dividend Date	Dec 04 2024
Dividend Pay Date	Dec 09 2024
Days until Ex dividend	12 days
Days until Dividend pay date	17 days

Does ANI pay a reliable dividends?

See ANI dividend history and benchmarks

ANI Stock Overview

Rewards

Risk Analysis

Afine Investments Limited Competitors

JSE:PPR

R134.0m

JSE:TMT

R570.9m

JSE:ACS

R2.7b

JSE:CPP

R3.5b

Price History & Performance

Recent News & Updates

Less than half of directors are independent

Now 23% undervalued after recent price drop

Now 21% undervalued after recent price drop

Investor sentiment improves as stock rises 25%

Now 21% undervalued after recent price drop

Upcoming dividend of R0.20 per share

Recent updates

Less than half of directors are independent

Now 23% undervalued after recent price drop

Now 21% undervalued after recent price drop

Investor sentiment improves as stock rises 25%

Now 21% undervalued after recent price drop

Upcoming dividend of R0.20 per share

Impressive Earnings May Not Tell The Whole Story For Afine Investments (JSE:ANI)

Independent Non-Executive Chairman recently bought R127k worth of stock

Full year 2024 earnings released: EPS: R0.95 (vs R0.44 in FY 2023)

Afine Investments (JSE:ANI) Is Due To Pay A Dividend Of ZAR0.205

First half dividend reduced to R0.20

Afine Investments Limited, Annual General Meeting, Aug 15, 2024

Now 42% overvalued

Afine Investments Limited Declares Final Cash Dividend for the Year Ended 29 February 2024, Payable on 24 June, 2024

Afine Investments Limited to Report Fiscal Year 2024 Results on May 31, 2024

Investor sentiment deteriorates as stock falls 19%

Independent Non-Executive Chairman recently bought R3.1m worth of stock

Upcoming dividend of R0.20 per share at 8.2% yield

Investor sentiment improves as stock rises 25%

Afine Investments Limited to Report First Half, 2024 Results on Nov 17, 2023

Now 35% undervalued after recent price drop

Now 21% undervalued after recent price drop

Upcoming dividend of R0.21 per share at 9.0% yield

Afine Investments (JSE:ANI) Has Announced That Its Dividend Will Be Reduced To ZAR0.206

Full year 2023 earnings released: EPS: R0.44 (vs R4.69 in FY 2022)

Afine Investments Limited, Annual General Meeting, Aug 23, 2023

Afine Investments Limited Declares Final Cash Dividend, Payable on June 26, 2023

Afine Investments Limited to Report Q4, 2023 Results on May 31, 2023

Upcoming dividend of R0.19 per share

Less than half of directors are independent

Afine Investments Limited Announces Changes to Its Board

Afine Investments Limited, Annual General Meeting, Aug 11, 2022

Afine Investments Limited (JSE:ANI) agreed to acquire Glomor Three (Pty) Limited from Petroland Group Proprietary Limited and Terra Optimus Proprietary Limited for ZAR 53.2 million.

Afine Investments Limited Provides Group Earnings Guidance for the Year Ending 28 February 2022

Shareholder Returns

Price Volatility

About the Company

Afine Investments Limited Fundamentals Summary

4.2x

6.5x

Earnings & Revenue

Dividends

10.3%

43%