Financials AECI Ltd

Equities

AFE

ZAE000000220

Specialty Chemicals

End-of-day quote Johannesburg S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
92.88 ZAR +1.15% Intraday chart for AECI Ltd -0.10% -15.33%

Valuation

Fiscal Period: December 2019 2021 2022 2023 2024 2025 2026
Capitalization 1 11,764 12,314 9,243 11,574 9,800 - -
Enterprise Value (EV) 1 11,764 12,314 14,588 11,574 11,409 9,641 7,425
P/E ratio - 10.1 x 9.98 x 9.86 x 6.07 x 4.58 x 3.69 x
Yield 5.33% - 8.84% - 4.11% 7.28% -
Capitalization / Revenue 0.47 x 0.47 x 0.26 x 0.31 x 0.25 x 0.24 x 0.22 x
EV / Revenue 0.47 x 0.47 x 0.41 x 0.31 x 0.3 x 0.23 x 0.17 x
EV / EBITDA 3.54 x - 4.09 x 3.14 x 2.73 x 2.04 x 1.36 x
EV / FCF - - -6.53 x - 4.75 x 4.09 x 2.38 x
FCF Yield - - -15.3% - 21% 24.4% 42%
Price to Book - - - - 0.72 x 0.66 x -
Nbr of stocks (in thousands) 109,944 109,944 105,518 105,518 105,518 - -
Reference price 2 107.0 112.0 87.60 109.7 92.88 92.88 92.88
Announcement Date 2/25/20 3/2/22 2/28/23 2/27/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2021 2022 2023 2024 2025 2026
Net sales 1 24,799 26,053 35,583 37,500 38,671 41,317 44,471
EBITDA 1 3,326 - 3,570 3,683 4,176 4,720 5,480
EBIT 1 2,031 - 2,047 2,571 3,110 3,645 4,395
Operating Margin 8.19% - 5.75% 6.86% 8.04% 8.82% 9.88%
Earnings before Tax (EBT) 1 - - 1,759 - 2,752 3,424 4,248
Net income 1 - - 959 - 1,643 2,180 2,705
Net margin - - 2.7% - 4.25% 5.28% 6.08%
EPS 2 - 11.12 8.780 11.12 15.29 20.29 25.17
Free Cash Flow 1 - - -2,235 - 2,401 2,357 3,115
FCF margin - - -6.28% - 6.21% 5.7% 7%
FCF Conversion (EBITDA) - - - - 57.5% 49.94% 56.84%
FCF Conversion (Net income) - - - - 146.14% 108.12% 115.16%
Dividend per Share 2 5.700 - 7.740 - 3.820 6.760 -
Announcement Date 2/25/20 3/2/22 2/28/23 2/27/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 S1
Net sales 1 18,404
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income -
Net margin -
EPS 2 5.960
Dividend per Share -
Announcement Date 7/26/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 5,345 - 1,609 - -
Net Cash position 1 - - - - - 159 2,375
Leverage (Debt/EBITDA) - - 1.497 x - 0.3853 x - -
Free Cash Flow 1 - - -2,235 - 2,401 2,357 3,115
ROE (net income / shareholders' equity) 12.1% - - - - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 - - - - 129.0 142.0 -
Cash Flow per Share - - - - - - -
Capex 1 833 - 1,552 - 1,387 1,397 1,407
Capex / Sales 3.36% - 4.36% - 3.59% 3.38% 3.16%
Announcement Date 2/25/20 3/2/22 2/28/23 2/27/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Annual profits - Rate of surprise