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Araxi Limited (AXX.JO)

ZAc189.00 +7.00 (+3.85%)
ZA JNB Financial Services Asset Management
Address Unit 2, 44 Saturn Crescent 2196
Sandton, ZA
CEO Bradley J. Sacks
IPO 2025-09-22
ISIN ZAE000208245

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Also trades on Johannesburg Stock Exchange · AXX.JO (ZAc) Johannesburg Stock Exchange · CTA.JO (ZAc)
Description

Araxi Limited, a prominent financial technology firm established in 2014 and headquartered in Sandton, South Africa (and currently known as Capital Appreciation Limited until its name change in October 2025), functions alongside its various subsidiaries across a broad international landscape. Its operations span South Africa, the Asia Pacific region, the United States, the United Kingdom, Europe, the rest of the African continent, and the Indian Ocean Islands. The company categorizes its diverse business activities into three core segments: Payments and Payment Infrastructure and Services; Software and Services; and International. Within its payments division, Araxi delivers essential payment infrastructure, comprehensive technical assistance, and cutting-edge payment technology solutions. These services cater to a wide spectrum of clients, including veteran financial institutions, burgeoning payment service providers, and a myriad of corporate entities across key sectors such as retail, fuel, dining, hospitality, and healthcare. Furthermore, it conceptualizes, crafts, and deploys comprehensive, integrated solutions like those for managing extensive fleets of devices for institutional and corporate clientele. It also furnishes electronic point-of-sale (POS) terminals and equips merchants with a unified device capable of handling both banking and non-banking products and services. Additionally, Araxi provides a versatile platform supporting multi-product and multi-party transactions, coupled with value-added services specifically designed to streamline business-to-business payment processes, often in collaboration with institutional partners. The software and services segment focuses on bespoke software development, strategic consulting, seamless integration services, and advanced technology-driven product solutions. These offerings empower clients to optimize business processes, ensure adherence to regulatory standards, facilitate integration with trading platforms and exchanges, and fortify sensitive data security. Its clientele in this area encompasses banking, financial services, retail, telecommunications, healthcare, and other diverse enterprises.

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
ZAc189.00 +7.00 (+3.85%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.69
Float Shares
510.30M
Free Float %
44.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.62% -2.08% -10.90% +5.03% +2.73% +1.62% +22.08% +22.08% +63.48% +102.15% +74.07%
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
189.00
DCF (Unlevered) 290.29 +53.6%
DCF (Levered) 166.54 -11.9%

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 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
7.41
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
7 / 10
Strong MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Asset Management: +17.4%
    -5.5% Q1'26: -16.1% (vs Q3'24)
  • EPS growth Asset Management: +22.7%
    -17.7% Q1'26: +17.7% (vs Q3'24)
  • FCF margin FCF growth · Asset Management: +27.7%
    +16.5% Q1'26: +18.2% (vs Q3'24)
  • EBIT margin Asset Management: +50.6%
    +22.2% Q1'26: +23.4% (vs Q3'24)
  • ROIC Asset Management: +6.5%
    +15.0% Q1'26: +27.0% (vs Q3'24)
  • Share dilution Asset Management: +0.0%
    -5.2% Q1'26: -15.6% (vs Q3'24)
  • Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×
    0.09× Q1'26: 0.05× (vs Q3'24)
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 (0.69) × ERP
WACC = 96% × Ke + 4% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 290.29 Current price: 189.00
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
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
1.16B
est: 1.25B (-6.7%)
1.25B
est: 1.36B (-8.0%)
1.35B
1.35B – 1.35B
-0.4% YoY
1.53B
1.53B – 1.53B
+13.3% YoY
1.75B
1.75B – 1.75B
+14.0% YoY
EBITDA
303.78M
est: 339.91M (-10.6%)
361.95M
est: 367.18M (-1.4%)
365.83M
365.83M – 365.83M
-0.4% YoY
414.46M
414.46M – 414.46M
+13.3% YoY
472.55M
472.55M – 472.55M
+14.0% YoY
EBIT
250.45M
est: 280.81M (-10.8%)
312.32M
est: 306.10M (+2.0%)
304.97M
304.97M – 304.97M
-0.4% YoY
345.51M
345.51M – 345.51M
+13.3% YoY
393.94M
393.94M – 393.94M
+14.0% YoY
Net Income
165.02M
est: 207.02M (-20.3%)
207.06M
est: 176.38M (+17.4%)
239.46M
239.46M – 239.46M
+35.8% YoY
297.86M
297.86M – 297.86M
+24.4% YoY
349.26M
349.26M – 349.26M
+17.3% YoY
SGA
33.37M
est: 255.56M (-86.9%)
314.73M
est: 220.80M (+42.5%)
219.98M
219.98M – 219.98M
-0.4% YoY
249.23M
249.23M – 249.23M
+13.3% YoY
284.16M
284.16M – 284.16M
+14.0% YoY
EPS
0.14
est: 0.17 (-16.7%)
0.18
est: 0.15 (+19.2%)
0.21
0.21 – 0.21
+35.8% YoY
0.26
0.26 – 0.26
+24.4% YoY
0.30
0.30 – 0.30
+17.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-08 A 4/5 4/5 5/5 5/5 3/5 4/5 2/5
2026-06-05 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-06-04 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-06-03 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-06-02 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-06-01 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-29 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-28 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-27 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-26 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-25 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-22 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-21 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-20 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-19 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-18 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-05-15 C 2/5 3/5 1/5 1/5 4/5 1/5 1/5
2026-05-14 C 2/5 3/5 1/5 1/5 4/5 1/5 1/5
2026-05-13 C 2/5 3/5 1/5 1/5 4/5 1/5 1/5
2026-05-12 C 2/5 3/5 1/5 1/5 4/5 1/5 1/5
2026-05-11 C 2/5 3/5 1/5 1/5 4/5 1/5 1/5
2026-05-08 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-05-07 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-05-06 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-05-05 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-05-04 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-30 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-29 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-28 C 2/5 3/5 1/5 1/5 3/5 1/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 3/5 1/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 2/5 1/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 2/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
190.28M
OE per share TTM
0.17
Owner's Yield
8.62%
Maintenance CapEx ratio
29.87%
Maint CapEx / Avg PPE
6.4%

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

This company is not held by any ETF in our universe.

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
434.8K
Shares Outstanding
1.15B

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
Michael Reuven Pimstein Executive Chairman 12M male
Bradley J. Sacks Chief Executive Officer & Executive Director 12M male
Sjoerd Douwenga Chief Financial Officer & Director 11M male
Donn Engelbrecht Managing Director of African Resonance 8M
Michael Brian Shapiro Head of Software Division & Executive Director 7M male
Aimee McNamara Group Executive of Human Capital
Peter Katz Group Company Secretary male
Benjamin Powell Chief Technology Officer of the Payments Division
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