Added to YB: 2026-05-18
Pitch date: 2026-03-05
AFE.JO [bullish]
AECI Ltd
Author Info
No bio for this author
Company Info
AECI Ltd, together with its subsidiaries, provides products and services for mining, water treatment, plant and animal health, food and beverage, manufacturing, and general industrial sectors.
Market Cap
ZAR 11.9B
Pitch Price
N/A
Price Target
22.5K
Dividend
2.27%
EV/EBITDA
4.51
P/E
34.92
EV/Sales
0.36
Sector
Chemicals
Category
turnaround
AECI Ltd - $AFE.JO
AFE.JO: SA explosives leader (75% EBIT from AEL Mining Solutions) w/ 24% ROIC, #1 Africa, #3 Australia, entering Latam. Restructured: sold underperforming diversifications, deleveraged from 2.5x to ~0x ND/EBITDA. 11-12% op margins vs peers' 10-15%. Trades 3.5x EBIT vs peers' 12x median. Normal 9-10x EBIT = 80-100% upside or M&A target.
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