Financials Afrimat Limited

Equities

AFT

ZAE000086302

Construction Materials

End-of-day quote Johannesburg S.E. 06:00:00 2024-06-24 pm EDT 5-day change 1st Jan Change
70.18 ZAR +0.13% Intraday chart for Afrimat Limited +0.69% +11.40%

Valuation

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 3,864 6,084 9,154 8,160 9,484 10,658 - -
Enterprise Value (EV) 1 3,864 6,084 9,154 8,160 9,484 10,365 9,523 8,450
P/E ratio - 10.2 x 12.2 x - 12.2 x 8.4 x 6.79 x 6.37 x
Yield 1.26% - - - - 4% 5.04% 5.72%
Capitalization / Revenue 1.17 x - - 1.66 x 1.56 x 1.08 x 0.99 x 0.92 x
EV / Revenue 1.17 x - - 1.66 x 1.56 x 1.05 x 0.88 x 0.73 x
EV / EBITDA - - - 6.17 x 6.23 x 4.63 x 3.61 x 3.06 x
EV / FCF - - - - - 13.7 x 6.56 x 4.68 x
FCF Yield - - - - - 7.3% 15.2% 21.4%
Price to Book - - - - - 2 x 1.68 x 1.44 x
Nbr of stocks (in thousands) 135,577 137,332 137,657 151,441 151,401 151,181 - -
Reference price 2 28.50 44.30 66.50 53.88 62.64 70.18 70.18 70.18
Announcement Date 5/21/20 5/27/21 5/18/22 5/17/23 5/15/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 3,304 - - 4,908 6,083 9,840 10,787 11,633
EBITDA 1 - - - 1,322 1,522 2,240 2,637 2,759
EBIT 1 601 - - 961.6 1,152 1,781 2,169 2,282
Operating Margin 18.19% - - 19.59% 18.94% 18.1% 20.1% 19.62%
Earnings before Tax (EBT) 1 - - - - - 1,757 2,171 2,316
Net income 1 - 601.3 772.7 - - 1,269 1,571 1,673
Net margin - - - - - 12.9% 14.56% 14.38%
EPS 2 - 4.346 5.466 - 5.144 8.350 10.34 11.01
Free Cash Flow 1 - - - - - 757 1,451 1,805
FCF margin - - - - - 7.69% 13.45% 15.52%
FCF Conversion (EBITDA) - - - - - 33.79% 55.02% 65.42%
FCF Conversion (Net income) - - - - - 59.65% 92.36% 107.89%
Dividend per Share 2 0.3600 - - - - 2.805 3.540 4.015
Announcement Date 5/21/20 5/27/21 5/18/22 5/17/23 5/15/24 - - -
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - - - 293 1,135 2,208
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - - - 757 1,451 1,805
ROE (net income / shareholders' equity) - - - 18.8% - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 - - - - - 35.20 41.70 48.70
Cash Flow per Share - - - - - - - -
Capex 1 - - - - - 1,167 807 429
Capex / Sales - - - - - 11.86% 7.48% 3.69%
Announcement Date 5/21/20 5/27/21 5/18/22 5/17/23 5/15/24 - - -
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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Annual profits - Rate of surprise

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