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AXIA

Axia ZMSE:AXIA Stock Report

Last Price

Z$48.83

Market Cap

Z$27.0b

7D

70.4%

1Y

46.6%

Updated

28 Sep, 2022

Data

Company Financials
AXIA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

AXIA Stock Overview

Axia Corporation Limited engages in specialty retail and distribution business in Zimbabwe, Zambia, and Malawi.

Axia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Axia
Historical stock prices
Current Share PriceZ$48.83
52 Week HighZ$0
52 Week LowZ$0
Beta-1.21
1 Month Change-23.70%
3 Month Change-55.50%
1 Year Change46.65%
3 Year Change7,298.91%
5 Year Change15,046.65%
Change since IPO65,010.40%

Recent News & Updates

Shareholder Returns

AXIAZW Commercial ServicesZW Market
7D70.4%26.0%68.5%
1Y46.6%31.4%70.1%

Return vs Industry: AXIA exceeded the ZW Commercial Services industry which returned 31.4% over the past year.

Return vs Market: AXIA underperformed the ZW Market which returned 70.1% over the past year.

Price Volatility

Is AXIA's price volatile compared to industry and market?
AXIA volatility
AXIA Average Weekly Movement15.6%
Commercial Services Industry Average Movement5.4%
Market Average Movement11.7%
10% most volatile stocks in ZW Market14.4%
10% least volatile stocks in ZW Market6.0%

Stable Share Price: AXIA is more volatile than 90% of ZW stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: AXIA's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of ZW stocks.

About the Company

FoundedEmployeesCEOWebsite
2016543John Koumideshttps://www.axiacorpltd.com

Axia Corporation Limited engages in specialty retail and distribution business in Zimbabwe, Zambia, and Malawi. The company is involved in the retail of homeware furniture and electrical appliances, and automotive spares and accessories; and distributes fast moving consumer goods. It also provides in inbound clearing and bonded warehousing, ambient and chilled/frozen warehousing, logistics, marketing, sales, and merchandising services; and owns and leases warehouses.

Axia Fundamentals Summary

How do Axia's earnings and revenue compare to its market cap?
AXIA fundamental statistics
Market CapZ$26.96b
Earnings (TTM)Z$899.21m
Revenue (TTM)Z$23.24b

30.0x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AXIA income statement (TTM)
RevenueZ$23.24b
Cost of RevenueZ$16.73b
Gross ProfitZ$6.51b
Other ExpensesZ$5.61b
EarningsZ$899.21m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.63
Gross Margin28.03%
Net Profit Margin3.87%
Debt/Equity Ratio17.1%

How did AXIA perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

41%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is AXIA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AXIA?

Other financial metrics that can be useful for relative valuation.

AXIA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA10.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

AXIA PE Ratio vs Peers
The above table shows the PE ratio for AXIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27.4x
ESENSE Enersense International Oyj
74.9x72.5%€94.0m
BMC Bumech
1.4xn/azł760.3m
1417 Riverine China Holdings
16.6xn/aHK$486.0m
VIAFIN Viafin Service Oyj
16.7x7.1%€46.3m
AXIA Axia
30xn/aZ$27.0b

Price-To-Earnings vs Peers: AXIA is expensive based on its Price-To-Earnings Ratio (30x) compared to the peer average (27.4x).


Price to Earnings Ratio vs Industry

How does AXIA's PE Ratio compare vs other companies in the Global Commercial Services Industry?

Price-To-Earnings vs Industry: AXIA is expensive based on its Price-To-Earnings Ratio (30x) compared to the Global Commercial Services industry average (15.3x)


Price to Earnings Ratio vs Fair Ratio

What is AXIA'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.

AXIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: AXIA (ZWL48.83) is trading below our estimate of fair value (ZWL52.11)

Significantly Below Fair Value: AXIA is trading below fair value, but not by a significant amount.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Axia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.8%

Forecasted Commercial Services 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 Axia 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.


Discover growth companies

  • Examine Axia's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Axia performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-18.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AXIA has high quality earnings.

Growing Profit Margin: AXIA's current net profit margins (3.9%) are lower than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: AXIA's earnings have declined by 18.6% per year over the past 5 years.

Accelerating Growth: AXIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AXIA had negative earnings growth (-6.9%) over the past year, making it difficult to compare to the Commercial Services industry average (9.4%).


Return on Equity

High ROE: AXIA's Return on Equity (21%) is considered high.


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Financial Health

How is Axia's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AXIA's short term assets (ZWL12.4B) exceed its short term liabilities (ZWL6.5B).

Long Term Liabilities: AXIA's short term assets (ZWL12.4B) exceed its long term liabilities (ZWL801.4M).


Debt to Equity History and Analysis

Debt Level: AXIA has more cash than its total debt.

Reducing Debt: AXIA's debt to equity ratio has reduced from 35.9% to 17.1% over the past 5 years.

Debt Coverage: AXIA's debt is well covered by operating cash flow (132.5%).

Interest Coverage: AXIA's interest payments on its debt are well covered by EBIT (13.1x coverage).


Balance Sheet


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Dividend

What is Axia current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.70%

Current Dividend Yield

Dividend Yield vs Market

Axia Dividend Yield vs Market
How does Axia dividend yield compare to the market?
SegmentDividend Yield
Company (Axia)2.7%
Market Bottom 25% (ZW)3.3%
Market Top 25% (ZW)8.6%
Industry Average (Commercial Services)8.1%
Analyst forecast in 3 Years (Axia)n/a

Notable Dividend: AXIA's dividend (2.7%) isn’t notable compared to the bottom 25% of dividend payers in the ZW market (3.34%).

High Dividend: AXIA's dividend (2.7%) is low compared to the top 25% of dividend payers in the ZW market (8.6%).


Stability and Growth of Payments

Stable Dividend: AXIA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AXIA's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.7%), AXIA's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (52%), AXIA's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

John Koumides

no data

Tenure

Mr. John Koumides serves as Group Chief Executive Officer at Axia Corporation Limited. Mr. Koumides served as Executive Director of Corporate Finance at Innscor Africa Ltd. until July 2016.He served as Gr...


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

What is the ownership structure of AXIA?
Owner TypeNumber of SharesOwnership Percentage
Institutions64,192,37411.6%
Individual Insiders113,321,49820.5%
General Public117,348,23721.3%
Private Companies257,288,19946.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 14 shareholders own 78.75% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
19.41%
Zinona Koudounaris
107,188,922ZWL5.2b0%no data
19.41%
ZMD Investments (Pvt) Ltd
107,188,922ZWL5.2b0%no data
18.12%
HM Barbour (Pvt) Ltd.
100,024,000ZWL4.9b0%no data
10.13%
Old Mutual Investment Group (Pty) Limited
55,953,443ZWL2.7b0%0.12%
4.07%
Sarcor Investments (Pvt) Ltd
22,484,058ZWL1.1b0%no data
2.41%
Pharaoh Limited
13,303,239ZWL649.6m0%no data
1.49%
Mining Industry Pension Fund
8,238,931ZWL402.3m0%4.72%
1.35%
Music Ventures (Private) Limited
7,465,382ZWL364.6m0%no data
1.24%
City & General Holdings (Pvt) Ltd
6,822,598ZWL333.2m0%no data
0.62%
John Koumides
3,418,983ZWL167.0m0%no data
0.17%
Ray Rambanapasi
927,885ZWL45.3m0%no data
0.13%
Thembinkosi Sibanda
700,000ZWL34.2m0%no data
0.11%
Thembiwe Mazingi
581,802ZWL28.4m0%no data
0.091%
Luke Edward Ngwerume
503,906ZWL24.6m0%no data

Company Information

Axia Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Axia Corporation Limited
  • Ticker: AXIA
  • Exchange: ZMSE
  • Founded: 2016
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Implied Market Cap: Z$26.963b
  • Shares outstanding: 552.15m
  • Website: https://www.axiacorpltd.com

Number of Employees


Location

  • Axia Corporation Limited
  • Edward Building
  • 1st Street/Nelson Mandela Avenue
  • Harare
  • Zimbabwe


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXIAZMSE (Zimbabwe Stock Exchange)YesOrdinary SharesZWZWLMay 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.