Obermatt

AECI

JNB:AFE · ZAE000000220
ChemicalsMedium

360

92
EV / EBIT100
Price / Owner Earnings17
Owner Earnings Yield49
Dividend Yield95
Price/Sales89
EV / Gross Profit96
Price/Book91
Return on Capital52
Cash Return on Capital41
Return on Equity31
EBIT Margin21
Gross Profitability93
Cash Conversion98
Accruals91
Owner Earnings Margin34
Sales growth43
Profit Growth42
Long-Term EPS Growth41
Owner Earnings Growth93
Reinvestment1
Price momentum59
Debt load34
Refinancing84
Debt Payback100
Liquidity23
Analyst ratings1
Opinion Changes50
Price Target Upside16
Market mood53
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

AECI clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySouth Africa
IndustryChemicals
SizeMedium
TypePublic Company
ExchangeJSE
Founded1924
Employees710
ISINZAE000000220
Last UpdateApr 2, 2026
Themes
Water PurificationAnimal FeedAgriTechMining Technology

Description

AECI Ltd offers a diverse range of products and services tailored to the mining, chemicals, and agriculture sectors. Business Segments The company has restructured its reporting segments to enhance operational focus and drive growth in its core are…

Analysis

Middle-of-the-road

AECI Ltd is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 36.5× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is solid and the balance sheet is adequate. The company scores 8/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
51
2023202420252026

All-time high

88

Jan 2024

All-time low

24

Mar 2026

Average rank

55

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
89
93
97
100
Price/Earnings
92
97
97
95
Price/Book
91
90
88
88
Dividend Yield
95
88
86
92
Value (overall)
100
99
97
99

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →