Afrimat Limited
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Afrimat Limited Financial Snapshot
Operating Performance
Fast Facts
1 Bryanston Drive, Bryanston, 2191,South The company reported revenue of US$116.42 million
Headquarters Address
Africa during the fiscal year 2011 (2011). The company's
revenue grew at a CAGR of 23.83% during 2007–
Telephone + 27 11 7060258
2011, with an annual growth of 9.83% over 2010. In
2011, the company recorded an operating margin of
Fax + 27 11 7065750 12.83%, as against 14.00% in 2010.
Website www.afrimat.co.za
Revenue and Margins
Ticker Symbol, Stock Exchange AFT, Johannesburg Stock Exchange
Number of Employees 1,437
Fiscal Year End February
Revenue (in US$ million) 116.42
Revenue (in ZAR million) 854.50
SWOT Analysis Return on Equity
Strengths Weaknesses The company recorded a return on equity (ROE) of
12.67% for the fiscal year 2011, as compared to its
Efficient Use of Resources No overseas presence peers, Infrasors Holdings Limited (Ticker: IRA), WG
Wearne Limited (Ticker: WEA) and Brikor Limited
(Ticker: BIK), which recorded ROEs of 6.72%, -
Increasing Revenue Growth Uneven Segmental Performance 245.08% and -662.53% respectively. Furthermore,
the company reported an operating margin of 12.83%
Resource capabilities in 2011.
Strong distribution and delivery system Return on Equity
Opportunities Threats
Government Infrastructure Spending Intense price competition
Rising Building Construction Sector Volatile Input costs
Venturing into cement manufacturing
Liquidity Position
The company reported a current ratio of 1.74 in 2011,
as compared to its peers, Infrasors Holdings Limited,
WG Wearne Limited and Brikor Limited, which
recorded current ratios of 1.44, 0.38 and 0.39
respectively. As of February 2011, the company
recorded cash and short-term investments of worth
US$11.90 million, against zero current debt. The
company reported a debt to equity ratio of 0.20 in
2011 as compared to its peers, Infrasors Holdings
Limited, WG Wearne Limited and Brikor Limited,
which recorded debt to equity ratios of 0.20, 5.01 and
6.15 respectively.
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Afrimat Limited - SWOT Profile Page 1
Afrimat Limited
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Business Description ..............................................................................................................................................5
1.3 Major Products and Services .................................................................................................................................6
2 Analysis of Key Performance Indicators ............................................................................................... 7
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
2.2 Key Financial Performance Indicators .................................................................................................................10
2.2.1 Revenue and Operating Profit .........................................................................................................................10
2.2.2 Asset, Liabilities and Capex .............................................................................................................................11
2.2.3 Net Debt vs. Gearing Ratio ..............................................................................................................................12
2.2.4 Operational Efficiency ......................................................................................................................................13
2.2.5 Solvency ..........................................................................................................................................................14
2.2.6 Valuation ..........................................................................................................................................................15
2.3 Competitive Benchmarking ..................................................................................................................................16
2.3.1 Efficiency ..........................................................................................................................................................16
2.3.2 Capital Expenditure ..........................................................................................................................................17
2.3.3 Turn