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Alexander Forbes Group Holdings Limited (AFH.JO)

ZAc730.00 -20.00 (-2.67%)
ZA JNB Financial Services Financial - Conglomerates
Address Alexander Forbes 2196
Sandton, ZA
CEO de Villiers
IPO 2014-07-28
ISIN ZAE000191516

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Description

Alexander Forbes Group Holdings Limited operates as a prominent financial services firm, providing an extensive array of employee benefits, retirement and healthcare advisory, investment management, and wealth preservation strategies to both corporate entities and private individuals throughout South Africa. For individual clients, the company delivers personal financial planning, budgeting tools, and savings solutions; diverse investment options including goal-based strategies, unit trusts, endowments, and offshore vehicles; tailored private wealth management; various retirement funds such as pension, provident, and annuity schemes; healthcare consulting and solutions; life and risk insurance; and will drafting services. Businesses, in turn, leverage Alexander Forbes' expertise in actuarial and general consulting; comprehensive retirement fund administration; specialized healthcare consulting, management, and technical advisory; group and commercial insurance safeguarding assets, earnings, and legal liabilities against loss or damage; specialized services for emerging markets; and trust and beneficiary services that manage death benefits for the dependants of deceased retirement fund members and employees. Founded in 1935, the company changed its name from Alexander Forbes Equity Holdings Proprietary Limited to its current designation in June 2014 and is headquartered in Sandton, South Africa.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
ZAc730.00 -20.00 (-2.67%)
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Volume Profile
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Liquidity & share structure
Average Volume
85.0K
Beta
0.21
Float Shares
651.87M
Free Float %
51.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -8.98% -8.09% +4.02% -5.06% -3.85% -10.93% +34.17% +92.80% +11.11% -10.82%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
730.00
DCF (Unlevered) 3,229.97 +342.5%
DCF (Levered) 6,161.20 +744.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2024-11 Change
Strong Buy 1 0
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.04
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
2 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Financial - Conglomerates: +32.7%
    +11.6% Q1'26: +26.9% (vs Q1'24)
  • EPS growth Financial - Conglomerates: +16.6%
    -8.6% Q1'26: +24.0% (vs Q1'24)
  • FCF margin FCF growth · Financial - Conglomerates: +2.3%
    +16.7% Q1'26: +217.5% (vs Q1'24)
  • EBIT margin Financial - Conglomerates: +36.2%
    +18.8% Q1'26: +20.1% (vs Q1'24)
  • ROIC Financial - Conglomerates: +2.2%
    +69.0% Q1'26: +153.9% (vs Q1'24)
  • Share dilution Financial - Conglomerates: +0.0%
    +4.2% Q1'26: +7.9% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Financial - Conglomerates: 2.57×
    0.53× Q1'26: 0.29× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.21) × ERP
WACC = 93% × Ke + 7% × Kd (10.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,229.97 Current price: 730.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2024
actual
Mar 2025
actual
Revenue
5.06B
est: 610.00M (+729.3%)
5.65B
est: 728.00M (+676.2%)
EBITDA
959.00M
est: 128.52M (+646.2%)
1.37B
est: 155.98M (+780.2%)
EBIT
765.00M
est: 97.46M (+684.9%)
1.13B
est: 121.71M (+826.8%)
Net Income
672.00M
883.00M
SGA
303.00M
est: 41.49M (+630.4%)
310.00M
est: 37.68M (+722.8%)
EPS
0.54
0.71
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-06-11 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-06-10 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-06-09 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-06-08 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-06-05 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-06-04 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-06-03 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-06-02 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-06-01 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-29 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-28 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-27 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-26 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-25 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-22 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-21 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-20 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-19 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-18 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-15 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-14 B+ 3/5 4/5 5/5 2/5 3/5 3/5 1/5
2026-05-13 B 3/5 3/5 5/5 2/5 3/5 3/5 1/5
2026-05-12 B 3/5 3/5 5/5 2/5 3/5 3/5 1/5
2026-05-11 B 3/5 3/5 5/5 2/5 3/5 3/5 1/5
2026-05-08 B 3/5 3/5 5/5 2/5 3/5 3/5 1/5
2026-05-07 B 3/5 3/5 5/5 2/5 3/5 3/5 1/5
2026-05-06 B 3/5 3/5 5/5 2/5 3/5 3/5 1/5
2026-05-05 B 3/5 3/5 5/5 2/5 3/5 3/5 1/5
2026-05-04 B 3/5 3/5 5/5 2/5 3/5 3/5 1/5
2026-04-30 B+ 3/5 4/5 5/5 3/5 2/5 3/5 1/5
2026-04-29 B+ 3/5 4/5 5/5 3/5 2/5 3/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 3/5 2/5 3/5 1/5
2026-04-24 B+ 3/5 4/5 5/5 3/5 2/5 3/5 1/5
2026-04-23 B+ 3/5 4/5 5/5 3/5 2/5 3/5 1/5
2026-04-22 B+ 3/5 4/5 5/5 3/5 2/5 3/5 1/5
2026-04-21 B+ 3/5 4/5 5/5 3/5 2/5 3/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 3/5 2/5 3/5 1/5
2026-04-17 A- 4/5 4/5 5/5 4/5 2/5 3/5 2/5
2026-04-16 A- 4/5 4/5 5/5 4/5 2/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
567.75M
OE per share TTM
0.43
Owner's Yield
5.94%
Maintenance CapEx ratio
18.96%
Maint CapEx / Avg PPE
10.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 4 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 97.3K 0.28%
2 Dimensional - Emerging Markets ex China Core Equity ETF DEXC 0.00% 471.05 0.56%
3 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 4.6K 0.39%
4 Dimensional - Emerging Core Equity Market ETF DFAE 0.00% 1.1K 0.29%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
458.8K
Shares Outstanding
1.27B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
de Villiers Group Chief Executive Officer & Executive Director 20M male
Bruce Bydawell CfA Group Chief Financial Officer & Executive Director 11M male
Butsi Tladi Chief Executive Officer of Corporate 8M female
Viresh Maharaj Chief Executive Officer of Retail 8M male
Catharina Helena Wessels Chief GRC Officer & Company Secretary 8M female
T. Jonathan Muthige Chief Executive Officer of Growth Markets 7M male
J. Mather Group Chief Information Officer 6M
Luendran Pillay Managing Director of Afrinet Investments male
Zakira Amra Head of Group Investor Relations female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits