Africa Resources AB (NGM:AFRI) EBIT: kr-1.40 Mil (TTM As of Mar. 2026)


NGM:AFRI Africa Resources AB NGM:AFRI
28 GF Score
Price kr0.13
GF Value kr0.57
Valuation Possible Value Trap
! 3 Warning Signs
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What is Africa Resources AB EBIT?

Africa Resources AB NGM:AFRI +4.00% 28 EBIT is kr-1.40 Mil as of Mar. 2026. GuruFocus rates NGM:AFRI with a GF Score™ of 28/100 and a GF Value™ of kr0.57 (Possible Value Trap). The stock has 3 warning signs investors should review.

Africa Resources AB's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was kr-0.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was kr-1.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Africa Resources AB's annualized ROC % for the quarter that ended in Mar. 2026 was -2.43%. Africa Resources AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -13.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Africa Resources AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -12.21%.


Africa Resources AB  (NGM:AFRI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Africa Resources AB's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-0.536 * ( 1 - 0% )/( (11.163 + 33.019)/ 2 )
=-0.536/22.091
=-2.43 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Africa Resources AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.536/( ( (4.064 + max(-1.438, 0)) + (4.002 + max(-1.431, 0)) )/ 2 )
=-0.536/( ( 4.064 + 4.002 )/ 2 )
=-0.536/4.033
=-13.29 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.013) - (0.474 + 0 + 0.977)
=-1.438

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.066) - (0.637 + 0 + 0.86)
=-1.431

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Africa Resources AB's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-1.402/11.487
=-12.21 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Africa Resources AB EBIT Related Terms


Africa Resources AB EBIT Historical Data

* Premium members only.

The historical data trend for Africa Resources AB's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Africa Resources AB EBIT Chart

Africa Resources AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only -1.04 -1.85 -1.43 -1.00 -1.79

Africa Resources AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.58 -0.35 -0.68 -0.24 -0.13

NGM:AFRI vs HL: EBIT Comparison

For the Other Precious Metals & Mining subindustry, Africa Resources AB's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Africa Resources AB EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Africa Resources AB's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Africa Resources AB's EV-to-EBIT falls into.


NGM:AFRI
28GF Score
Africa Resources AB NGM:AFRI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Africa Resources AB EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-1.40 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of kr-1.40 Mil mean?
Africa Resources AB (NGM:AFRI) has a EBIT of kr-1.40 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Africa Resources AB.
Is Africa Resources AB's EBIT too high?
Africa Resources AB's current EBIT is kr-1.40 Mil. Overall, Africa Resources AB has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Africa Resources AB's EBIT compare to HL?
Africa Resources AB's EBIT of kr-1.40 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Africa Resources AB. Africa Resources AB's current EBIT is kr-1.40 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Africa Resources AB stock overvalued right now?
Based on GuruFocus' analysis, Africa Resources AB (NGM:AFRI) is currently considered Possible Value Trap. The stock's GF Value™ is kr0.57, compared to a current price of kr0.13 — trading 77.2% below its estimated fair value. The current EBIT is kr-1.40 Mil. Africa Resources AB's overall GF Score™ is 28/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Africa Resources AB (NGM:AFRI), the current EBIT is kr-1.40 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Africa Resources AB (NGM:AFRI) Overvalued in 2026?

Based on GuruFocus' analysis, Africa Resources AB stock appears to be undervalued. The current stock price of kr0.13 is trading 77.2% below its estimated GF Value™ of kr0.57. GuruFocus considers Africa Resources AB to be Possible Value Trap.

Key valuation signals for NGM:AFRI:

  • EBIT: kr-1.40 Mil
  • GF Value™: kr0.57 vs. price of kr0.13 (77.2% below fair value)
  • GF Score™: 28/100 with 3 warning signs

No single metric tells the full story. See the NGM:AFRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Africa Resources AB Business Description

Address Engelbrektsgatan 7, 1 trp, Stockholm, SWE, 11432
Africa Resources AB is engaged in exploration and extraction of minerals in Africa. The company is developing projects based on collaborations with local expertise and partners.
28GF Score

Get the complete analysis for NGM:AFRI

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr0.13
Price
kr0.57
GF Value