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Afrimat Limited (AFT.JO)

ZAc2,684.00 +16.00 (+0.60%)
ZA JNB Basic Materials Construction Materials
Address Tyger Valley Office Park No. 2 7530
Bellville, ZA
CEO Andries Johannes van Heerden Go
IPO 2006-11-07
ISIN ZAE000086302

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Description

Afrimat Limited, established in 1963 and headquartered in Bellville, South Africa, operates as a prominent open-pit mining company. It specializes in providing a wide array of industrial minerals and construction materials, serving various sectors across South Africa. The company's operations are strategically divided into three core segments: Construction Materials, Industrial Minerals, and Bulk Commodities. The Construction Materials division offers a comprehensive suite of products, including clinker ash, aggregates, both manufactured and natural sand, stone dust, a variety of building blocks and bricks, pavers, lintels, and ready-mix concrete. In its Industrial Minerals segment, Afrimat supplies metallurgical dolomite, quartzite, and limestone, high calcium neutralization limestone, agricultural lime, feedlime, hydrated lime, calcium oxide, calcium hydroxide, silica sand, ultra-fine limestone and dolomite, and dolomite fillers. The Bulk Commodities segment is dedicated to the extraction of iron ores and underground anthracites. Beyond its material production, Afrimat also extends its expertise through services such as drilling and blasting, mobile crushing, screening, and various bid preparation and contractual services. The company caters to diverse industries, including industrial minerals, building, construction, road building, railroad, and mining sectors.

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
ZAc2,684.00 +16.00 (+0.60%)
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Volume Profile
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Liquidity & share structure
Average Volume
575.8K
Beta
0.13
Float Shares
110.98M
Free Float %
73.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.03% +1.38% -0.77% -13.12% -18.26% -21.69% -36.27% -35.42% -32.30% +51.86% +295.58%
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
2,684.00
DCF (Unlevered) 15,102.46 +462.7%
DCF (Levered) 13,475.80 +402.1%

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)
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.32
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Construction Materials: +2.8%
    +20.3% Q1'26: +44.4% (vs Q1'24)
  • EPS growth Construction Materials: +14.1%
    +27.4% Q1'26: -108.8% (vs Q1'24)
  • FCF margin FCF growth · Construction Materials: +32.9%
    +0.1% Q1'26: +1.8% (vs Q1'24)
  • EBIT margin Construction Materials: +9.5%
    +5.9% Q1'26: +2.8% (vs Q1'24)
  • ROIC Construction Materials: +5.1%
    +5.4% Q1'26: +4.8% (vs Q1'24)
  • Share dilution Construction Materials: +0.0%
    0.0% Q1'26: -0.8% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Construction Materials: 0.56×
    2.05× Q1'26: 1.47× (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 (0.16) × ERP
WACC = 66% × Ke + 34% × Kd (11.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 15,102.46 Current price: 2,684.00
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 Feb 2015
actual
Feb 2016
actual
Feb 2017
actual
Feb 2018
actual
Feb 2019
actual
Feb 2020
actual
Feb 2021
actual
Feb 2022
actual
Feb 2023
actual
Feb 2024
actual
Feb 2025
actual
Feb 2026
2 Rev. Ana.
2 EPS Ana.
Feb 2027
2 Rev. Ana.
2 EPS Ana.
Feb 2028
1 Rev. Ana.
1 EPS Ana.
Feb 2029
1 Rev. Ana.
1 EPS Ana.
Feb 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
2.00B
est: 1.33B (+49.8%)
1.97B
est: 2.01B (-2.2%)
2.23B
est: 2.28B (-2.2%)
2.46B
est: 2.19B (+11.9%)
2.97B
est: 2.79B (+6.2%)
3.30B
est: 3.32B (-0.5%)
3.69B
est: 3.60B (+2.6%)
4.68B
est: 4.61B (+1.5%)
4.91B
est: 4.91B (+0.0%)
6.08B
est: 5.79B (+5.1%)
8.32B
est: 10.03B (-17.1%)
10.91B
10.61B – 11.21B
+8.7% YoY
11.83B
11.63B – 12.04B
+8.5% YoY
12.60B
12.39B – 12.82B
+6.5% YoY
13.13B
12.91B – 13.36B
+4.2% YoY
10.35B
10.17B – 10.53B
-21.2% YoY
EBITDA
369.27M
est: 350.96M (+5.2%)
415.40M
est: 529.42M (-21.5%)
537.80M
est: 598.98M (-10.2%)
500.90M
est: 577.18M (-13.2%)
624.12M
est: 734.75M (-15.1%)
787.43M
est: 873.63M (-9.9%)
1.29B
est: 946.47M (+36.2%)
1.42B
est: 1.21B (+16.9%)
1.36B
est: 1.29B (+5.0%)
1.54B
est: 1.52B (+1.0%)
1.11B
est: 2.64B (-57.8%)
2.87B
2.79B – 2.95B
+8.7% YoY
3.11B
3.06B – 3.17B
+8.5% YoY
3.31B
3.26B – 3.37B
+6.5% YoY
3.45B
3.39B – 3.51B
+4.2% YoY
2.72B
2.67B – 2.77B
-21.2% YoY
EBIT
292.66M
est: 260.53M (+12.3%)
333.52M
est: 393.02M (-15.1%)
438.30M
est: 444.65M (-1.4%)
376.60M
est: 428.47M (-12.1%)
480.11M
est: 545.44M (-12.0%)
610.56M
est: 648.54M (-5.9%)
1.07B
est: 702.62M (+52.0%)
1.10B
est: 900.36M (+22.7%)
975.65M
est: 958.16M (+1.8%)
1.17B
est: 1.13B (+3.4%)
499.29M
est: 1.96B (-74.5%)
2.13B
2.07B – 2.19B
+8.7% YoY
2.31B
2.27B – 2.35B
+8.5% YoY
2.46B
2.42B – 2.50B
+6.5% YoY
2.56B
2.52B – 2.61B
+4.2% YoY
2.02B
1.99B – 2.06B
-21.2% YoY
Net Income
198.10M
est: 168.87M (+17.3%)
222.13M
est: 250.93M (-11.5%)
277.82M
est: 306.66M (-9.4%)
245.67M
est: 244.10M (+0.6%)
301.36M
est: 343.02M (-12.1%)
462.51M
est: 531.18M (-12.9%)
601.25M
est: 720.01M (-16.5%)
772.71M
est: 855.11M (-9.6%)
661.32M
est: 70.62M (+836.5%)
781.78M
est: 844.37M (-7.4%)
95.56M
est: 397.62M (-76.0%)
304.74M
146.21M – 463.26M
-23.4% YoY
627.13M
576.28M – 677.98M
+105.8% YoY
824.41M
805.92M – 842.89M
+31.5% YoY
910.38M
889.97M – 930.79M
+10.4% YoY
1.10B
1.08B – 1.13B
+21.3% YoY
SGA
244.94M
est: 91.16M (+168.7%)
290.06M
est: 137.51M (+110.9%)
348.05M
est: 155.58M (+123.7%)
391.77M
est: 149.92M (+161.3%)
451.50M
est: 190.85M (+136.6%)
478.40M
est: 226.92M (+110.8%)
566.32M
est: 245.84M (+130.4%)
72.48M
est: 315.03M (-77.0%)
88.34M
est: 335.26M (-73.6%)
861.69M
est: 395.52M (+117.9%)
108.87M
est: 685.42M (-84.1%)
745.20M
724.63M – 765.78M
+8.7% YoY
808.20M
794.26M – 822.14M
+8.5% YoY
860.97M
846.12M – 875.83M
+6.5% YoY
897.14M
881.67M – 912.62M
+4.2% YoY
706.92M
694.73M – 719.11M
-21.2% YoY
EPS
1.39
est: 1.10 (+26.4%)
1.56
est: 1.63 (-4.6%)
1.96
est: 2.00 (-1.9%)
1.79
est: 1.59 (+12.6%)
2.20
est: 2.23 (-1.5%)
3.42
est: 3.46 (-1.2%)
4.44
est: 4.69 (-5.3%)
5.61
est: 5.57 (+0.7%)
4.57
est: 0.46 (+893.5%)
5.20
est: 5.50 (-5.5%)
0.63
est: 2.59 (-75.7%)
1.99
0.95 – 3.02
-23.4% YoY
4.09
3.75 – 4.42
+105.8% YoY
5.37
5.25 – 5.49
+31.5% YoY
5.93
5.80 – 6.06
+10.4% YoY
7.19
7.03 – 7.36
+21.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-22 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-05-21 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-05-20 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-05-19 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-05-18 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-05-15 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-13 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-12 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-07 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-05 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-30 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-29 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-28 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-24 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-22 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-17 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.96B
OE per share TTM
25.86
Owner's Yield
80.78%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
60.3%

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 18 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.01% 15.6K 0.42%
2 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 783.1K 0.06%
3 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 219.4K 0.39%
4 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 23.4K 0.48%
5 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 52.8K 0.26%
6 Vanguard FTSE Emerging Markets ETF VWO 0.00% 2.61M 0.06%
7 Vanguard Total International Stock ETF VXUS 0.00% 3.03M 0.05%
8 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 38.3K 0.28%
9 Vanguard Total World Stock ETF VT 0.00% 163.8K 0.06%
10 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 4.2K 0.22%

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
152.4K
Shares Outstanding
152.11M

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
Andries Johannes van Heerden Go Chief Executive Officer & Executive Director 8M male
Pieter Gabriel Stephanus de Wit ACIS Cert Chief Financial Officer & Director 5M male
Marthinus Gerhardus Odendaal Chief Operating Officer of Mining & Executive Director 5M male
Collin Ramukhubathi Executive Director 5M male
Catharine Burger Company Secretary female
Anton Gerber General Manager of Human Resources male
Tanya Pretorius Head of Communications
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