Financials AfroCentric Investment Corporation Limited

Equities

ACT

ZAE000078416

Investment Holding Companies

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.65 ZAR -1.85% Intraday chart for AfroCentric Investment Corporation Limited -7.99% -19.70%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 3,176 2,734 2,112 2,532 2,520 3,416
Enterprise Value (EV) 1 2,804 3,279 2,591 3,322 3,223 4,213
P/E ratio 12.5 x 10.4 x 7.12 x 8.65 x 8.32 x 14.1 x
Yield 5.57% 6.87% 9.21% 7.69% 7.74% -
Capitalization / Revenue 0.75 x 0.52 x 0.33 x 0.31 x 0.29 x 0.39 x
EV / Revenue 0.67 x 0.62 x 0.4 x 0.41 x 0.37 x 0.47 x
EV / EBITDA 5.2 x 6.02 x 3.37 x 3.73 x 3.64 x 1.75 x
EV / FCF -9.04 x -103 x 10.5 x 26.6 x 5.09 x 2.94 x
FCF Yield -11.1% -0.97% 9.48% 3.75% 19.6% 34%
Price to Book 1.64 x 1.35 x 0.95 x 1.09 x 1.03 x 0.98 x
Nbr of stocks (in thousands) 552,377 552,377 572,241 572,951 574,008 823,053
Reference price 2 5.750 4.950 3.690 4.420 4.390 4.150
Announcement Date 10/10/18 10/8/19 10/9/20 9/14/21 9/13/22 9/18/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 4,213 5,297 6,441 8,077 8,723 8,871
EBITDA 1 539.1 545 769.1 890.7 885.2 2,414
EBIT 1 471.3 464.3 653.2 764.6 726 2,272
Operating Margin 11.19% 8.77% 10.14% 9.47% 8.32% 25.61%
Earnings before Tax (EBT) 1 538.4 528.5 613.6 699.5 675.2 426.5
Net income 1 256.6 269.9 303.6 302 314.3 182.7
Net margin 6.09% 5.1% 4.71% 3.74% 3.6% 2.06%
EPS 2 0.4593 0.4740 0.5179 0.5108 0.5275 0.2943
Free Cash Flow 1 -310 -31.72 245.8 124.7 632.7 1,433
FCF margin -7.36% -0.6% 3.82% 1.54% 7.25% 16.15%
FCF Conversion (EBITDA) - - 31.96% 14% 71.48% 59.35%
FCF Conversion (Net income) - - 80.96% 41.3% 201.33% 784.2%
Dividend per Share 2 0.3200 0.3400 0.3400 0.3400 0.3400 -
Announcement Date 10/10/18 10/8/19 10/9/20 9/14/21 9/13/22 9/18/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 - 545 480 789 704 797
Net Cash position 1 372 - - - - -
Leverage (Debt/EBITDA) - 1 x 0.6239 x 0.8861 x 0.7948 x 0.3302 x
Free Cash Flow 1 -310 -31.7 246 125 633 1,433
ROE (net income / shareholders' equity) 15.4% 14% 15.3% 15.5% 14.4% 8.52%
ROA (Net income/ Total Assets) 9.5% 7.66% 9.04% 9.89% 8.6% 25.8%
Assets 1 2,700 3,525 3,357 3,053 3,654 707.4
Book Value Per Share 2 3.510 3.660 3.870 4.060 4.260 4.230
Cash Flow per Share 2 0.3900 0.4600 0.3100 0.3500 0.2400 0.2300
Capex 1 214 98.9 137 285 106 74.7
Capex / Sales 5.07% 1.87% 2.13% 3.52% 1.22% 0.84%
Announcement Date 10/10/18 10/8/19 10/9/20 9/14/21 9/13/22 9/18/23
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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