Financials Afric Industries S.A.

Equities

AFI

MA0000012114

Construction Supplies & Fixtures

End-of-day quote Casablanca S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
325 MAD -0.31% Intraday chart for Afric Industries S.A. +2.54% -2.97%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 82.14 78.7 83.95 80.75 99.98 98.82
Enterprise Value (EV) 1 79.23 80.91 87.42 83.38 96.86 102.8
P/E ratio - 12.4 x 11.6 x 10.4 x 19 x 16 x
Yield - 7.41% 6.94% 7.94% 6.41% 5.9%
Capitalization / Revenue 1.94 x 2.01 x 1.95 x 1.94 x 2.13 x 2.48 x
EV / Revenue 1.87 x 2.07 x 2.03 x 2 x 2.07 x 2.58 x
EV / EBITDA - 9,227,294 x 8,422,542 x 7,531,926 x 7,479,719 x 11,331,830 x
EV / FCF - 23,907,995 x 15,540,265 x 14,418,122 x 9,374,147 x -66,133,939 x
FCF Yield - 0% 0% 0% 0% -0%
Price to Book - 1.82 x 1.87 x 1.73 x 2.2 x 2.18 x
Nbr of stocks (in thousands) 292 292 292 292 292 292
Reference price 2 281.8 270.0 288.0 277.0 343.0 339.0
Announcement Date 4/13/18 4/15/19 4/30/20 4/16/21 4/28/22 4/28/23
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 42.34 39.16 43.07 41.7 46.84 39.86
EBITDA - 8.769 10.38 11.07 12.95 9.074
EBIT 1 9.362 8.708 10.36 10.6 12.54 8.7
Operating Margin 22.11% 22.24% 24.06% 25.43% 26.77% 21.83%
Earnings before Tax (EBT) 1 9.567 8.826 10.18 10.51 7.268 8.435
Net income 1 6.76 6.333 7.262 7.74 5.268 6.187
Net margin 15.97% 16.17% 16.86% 18.56% 11.25% 15.52%
EPS - 21.73 24.91 26.55 18.07 21.23
Free Cash Flow - 3.384 5.625 5.783 10.33 -1.555
FCF margin - 8.64% 13.06% 13.87% 22.06% -3.9%
FCF Conversion (EBITDA) - 38.6% 54.2% 52.24% 79.79% -
FCF Conversion (Net income) - 53.43% 77.46% 74.72% 196.14% -
Dividend per Share - 20.00 20.00 22.00 22.00 20.00
Announcement Date 4/13/18 4/15/19 4/30/20 4/16/21 4/28/22 4/28/23
1MAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - 2.2 3.47 2.64 - 4
Net Cash position 1 2.91 - - - 3.12 -
Leverage (Debt/EBITDA) - 0.2515 x 0.3339 x 0.2383 x - 0.4411 x
Free Cash Flow - 3.38 5.63 5.78 10.3 -1.55
ROE (net income / shareholders' equity) 16.2% 14.7% 16.5% 16.9% 11.4% 13.6%
ROA (Net income/ Total Assets) 11.5% 10.2% 11.7% 11.6% 14% 9.64%
Assets 1 58.69 61.99 62.31 66.72 37.58 64.19
Book Value Per Share - 149.0 154.0 160.0 156.0 155.0
Cash Flow per Share - 1.770 0.1700 0.8000 6.070 4.140
Capex - 0.51 0.44 0.24 - 0.1
Capex / Sales - 1.3% 1.01% 0.57% - 0.26%
Announcement Date 4/13/18 4/15/19 4/30/20 4/16/21 4/28/22 4/28/23
1MAD in Million
Estimates
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