Afrimat Net Assets
Afrimat net assets. Based on the latest financial reports, Afrimat (AFT) has net assets worth ZAC4.39 Billion ZAC (≈ $2.33 Million USD) as of February 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC9.20 Billion ≈ $4.89 Million USD) and total liabilities (ZAC4.82 Billion ≈ $2.56 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Afrimat equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC4.39 Billion |
| % of Total Assets | 47.68% |
| Annual Growth Rate | 21.14% |
| 5-Year Change | 94.31% |
| 10-Year Change | 328.09% |
| Growth Volatility | 34.54 |
Net Assets of Afrimat (2006–2025)
Net assets of Afrimat from 2006 to 2025. This chart illustrates how Afrimat's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Afrimat to measure how much of total assets are equity-financed.
Annual Net Assets for Afrimat (2006–2025)
The table below shows the annual net assets of Afrimat from 2006 to 2025. For live market cap and overall valuation, see market cap of Afrimat.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | ZAC4.39 Billion ≈ $2.33 Million |
-3.83% |
| 2024-02-29 | ZAC4.56 Billion ≈ $2.43 Million |
+18.55% |
| 2023-02-28 | ZAC3.85 Billion ≈ $2.05 Million |
+27.99% |
| 2022-02-28 | ZAC3.01 Billion ≈ $1.60 Million |
+33.16% |
| 2021-02-28 | ZAC2.26 Billion ≈ $1.20 Million |
+33.72% |
| 2020-02-29 | ZAC1.69 Billion ≈ $897.57K |
+19.82% |
| 2019-02-28 | ZAC1.41 Billion ≈ $749.09K |
+14.66% |
| 2018-02-28 | ZAC1.23 Billion ≈ $653.32K |
+1.86% |
| 2017-02-28 | ZAC1.21 Billion ≈ $641.42K |
+17.74% |
| 2016-02-29 | ZAC1.03 Billion ≈ $544.78K |
+7.97% |
| 2015-02-28 | ZAC949.44 Million ≈ $504.58K |
+13.30% |
| 2014-02-28 | ZAC837.96 Million ≈ $445.33K |
+9.99% |
| 2013-02-28 | ZAC761.85 Million ≈ $404.89K |
+13.39% |
| 2012-02-29 | ZAC671.91 Million ≈ $357.08K |
+9.02% |
| 2011-02-28 | ZAC616.33 Million ≈ $327.55K |
+9.18% |
| 2010-02-28 | ZAC564.50 Million ≈ $300.00K |
+14.32% |
| 2009-02-28 | ZAC493.77 Million ≈ $262.41K |
+6.21% |
| 2008-02-29 | ZAC464.90 Million ≈ $247.07K |
+55.95% |
| 2007-02-28 | ZAC298.11 Million ≈ $158.43K |
+159.95% |
| 2006-02-28 | ZAC114.68 Million ≈ $60.94K |
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Equity Component Analysis
This analysis shows how different components contribute to Afrimat's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3249.9% over the analyzed period, indicating profitable operations and earnings retention.
Afrimat Net Assets Breakdown (February 2025)
Afrimat net assets breakdown by equity component as of February 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC3.70 Billion | 84.91% |
| Common Stock | ZAC857.85 Million | 19.69% |
| Total Equity | ZAC4.36 Billion | 100.00% |
Afrimat Competitors by Market Cap
The table below lists competitors of Afrimat ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Water Meter Co Ltd
SHG:603700
|
$307.24 Million |
|
Tianjin Hi-Tech Development Co Ltd
SHG:600082
|
$307.28 Million |
|
Hai An Transport and Stevedoring JSC
VN:HAH
|
$307.31 Million |
|
NanJing Sanchao Advanced Materials Co Ltd
SHE:300554
|
$307.35 Million |
|
Double Bond Chemical Ind Co Ltd
TW:4764
|
$307.11 Million |
|
Zhejiang Dayang Biotech Group Co
SHE:003017
|
$307.10 Million |
|
TangYuan Electric
SHE:300789
|
$306.90 Million |
|
Santana Minerals Ltd
AU:SMI
|
$306.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Afrimat's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,541,049,000 to 4,356,080,000, a change of -184,969,000 (-4.1%).
- Net income of 95,562,000 contributed positively to equity growth.
- Dividend payments of 258,265,000 reduced retained earnings.
- Share repurchases of 23,021,000 reduced equity.
- Other comprehensive income decreased equity by 73,438,000.
- Other factors increased equity by 74,193,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC95.56 Million | +2.19% |
| Dividends Paid | ZAC258.26 Million | -5.93% |
| Share Repurchases | ZAC23.02 Million | -0.53% |
| Other Comprehensive Income | ZAC-73.44 Million | -1.69% |
| Other Changes | ZAC74.19 Million | +1.7% |
| Total Change | ZAC- | -4.07% |
Book Value vs Market Value Analysis
This analysis compares Afrimat's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 133.92x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 2411.58x to 133.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-02-28 | ZAC1.58 | ZAC3800.00 | x |
| 2007-02-28 | ZAC3.38 | ZAC3800.00 | x |
| 2008-02-29 | ZAC3.53 | ZAC3800.00 | x |
| 2009-02-28 | ZAC3.66 | ZAC3800.00 | x |
| 2010-02-28 | ZAC4.08 | ZAC3800.00 | x |
| 2011-02-28 | ZAC4.38 | ZAC3800.00 | x |
| 2012-02-29 | ZAC4.75 | ZAC3800.00 | x |
| 2013-02-28 | ZAC5.16 | ZAC3800.00 | x |
| 2014-02-28 | ZAC5.63 | ZAC3800.00 | x |
| 2015-02-28 | ZAC6.44 | ZAC3800.00 | x |
| 2016-02-29 | ZAC7.05 | ZAC3800.00 | x |
| 2017-02-28 | ZAC8.37 | ZAC3800.00 | x |
| 2018-02-28 | ZAC8.88 | ZAC3800.00 | x |
| 2019-02-28 | ZAC10.18 | ZAC3800.00 | x |
| 2020-02-29 | ZAC12.28 | ZAC3800.00 | x |
| 2021-02-28 | ZAC16.26 | ZAC3800.00 | x |
| 2022-02-28 | ZAC21.21 | ZAC3800.00 | x |
| 2023-02-28 | ZAC26.10 | ZAC3800.00 | x |
| 2024-02-29 | ZAC29.88 | ZAC3800.00 | x |
| 2025-02-28 | ZAC28.37 | ZAC3800.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Afrimat utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.15%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 2.11x
- Recent ROE (2.19%) is below the historical average (19.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 35.69% | 12.75% | 1.51x | 1.85x | ZAC28.37 Million |
| 2007 | 17.91% | 15.30% | 0.79x | 1.49x | ZAC23.58 Million |
| 2008 | 20.58% | 15.60% | 0.93x | 1.42x | ZAC49.06 Million |
| 2009 | 11.90% | 8.46% | 0.91x | 1.55x | ZAC9.29 Million |
| 2010 | 12.92% | 9.37% | 0.92x | 1.49x | ZAC16.48 Million |
| 2011 | 12.48% | 8.96% | 0.90x | 1.55x | ZAC15.23 Million |
| 2012 | 13.60% | 9.13% | 1.00x | 1.50x | ZAC24.09 Million |
| 2013 | 13.59% | 7.70% | 1.11x | 1.58x | ZAC27.24 Million |
| 2014 | 18.76% | 8.13% | 1.29x | 1.80x | ZAC72.13 Million |
| 2015 | 21.14% | 9.91% | 1.27x | 1.67x | ZAC104.40 Million |
| 2016 | 21.81% | 11.28% | 1.20x | 1.62x | ZAC120.29 Million |
| 2017 | 23.16% | 12.47% | 0.98x | 1.89x | ZAC157.89 Million |
| 2018 | 20.15% | 10.00% | 0.95x | 2.12x | ZAC123.73 Million |
| 2019 | 21.55% | 10.16% | 1.10x | 1.92x | ZAC161.55 Million |
| 2020 | 27.50% | 14.00% | 1.18x | 1.66x | ZAC294.33 Million |
| 2021 | 26.72% | 16.28% | 0.83x | 1.98x | ZAC376.25 Million |
| 2022 | 25.77% | 16.51% | 0.93x | 1.68x | ZAC472.92 Million |
| 2023 | 17.24% | 13.47% | 0.86x | 1.48x | ZAC277.80 Million |
| 2024 | 17.22% | 12.85% | 0.90x | 1.49x | ZAC327.67 Million |
| 2025 | 2.19% | 1.15% | 0.90x | 2.11x | ZAC-340.05 Million |
Industry Comparison
This section compares Afrimat's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $1,067,817,462
- Average return on equity (ROE) among peers: 33.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Afrimat (AFT) | ZAC4.39 Billion | 35.69% | 1.10x | $307.18 Million |
| Brikor Ltd (BIK) | $46.85 Million | 70.11% | 3.93x | $7.43 Million |
| PPC Ltd (PPC) | $2.12 Billion | 27.26% | 0.62x | $647.09 Million |
| Sephaku Holdings Ltd (SEP) | $1.04 Billion | 4.27% | 0.26x | $24.60 Million |
About Afrimat
Afrimat Limited operates as a mining and materials company primarily in the southern African region. The company operates through five segments: Construction Materials, Industrial Minerals, Bulk Commodities, Future Materials and Metals, and Services. The Construction Materials segment provides aggregates products, including sand, gravel, and crushed stone; and concrete-based products comprising c… Read more