AfrimatJSE:AFT -3.67%72 Interest Coverage is 0.80 as of Feb. 2026, which is 94% below its 10-year median of 13.51. GuruFocus rates JSE:AFT with a GF Score™ of 72/100 and a GF Value™ of R97.08 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 310 Building Materials companies, Afrimat ranks worse than 83.55% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Afrimat's
Operating Income
for the
six
months ended in Feb. 2026 was R120 Mil. Afrimat's Interest Expense for the
six
months ended in Feb. 2026 was R-150 Mil.
Afrimat's interest coverage for the quarter that ended in Feb. 2026 was 0.80.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Afrimat's Interest Coverage or its related term are showing as below:
JSE:AFT'
s Interest Coverage Range Over the Past 10 Years
Min: 1.72 Med: 13.51 Max: 33.64
Current: 1.72
JSE:AFT's Interest Coverage is ranked worse than 83.55% of 310
companies
in the Building Materials industry
Industry Median: 6.68
vs JSE:AFT: 1.72
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Afrimat Interest Coverage Related Terms
Afrimat Interest Coverage Historical Data
* Premium members only.
The historical data trend for Afrimat's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
JSE:AFT vs CRH, VMC, MLM: Interest Coverage Comparison
For the Building Materials subindustry, Afrimat's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Afrimat Interest Coverage vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Afrimat's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Afrimat's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Afrimat (JSE:AFT) has a Interest Coverage of 0.80 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Afrimat and its competitors. This is 94% below median its historical median of 13.51. Over the past decade, Afrimat's Interest Coverage has ranged from 1.72 to 33.64. According to the industry distribution chart, Afrimat ranks #259 out of 310 companies in the Building Materials industry, placing it in the top 83.5%.
Is Afrimat's Interest Coverage too high?
Afrimat's current Interest Coverage of 0.80 is 94% below median its 10-year median of 13.51. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 33.64. The Building Materials industry median Interest Coverage is 6.68. Afrimat's value of 0.80 is 88% below this industry median. Based on the distribution chart, Afrimat ranks #259 out of 310 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Afrimat has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afrimat's Interest Coverage compare to CRH and VMC?
According to the Building Materials industry distribution chart, Afrimat ranks #259 out of 310 companies for Interest Coverage. This places Afrimat in the lower half of its industry. The industry median Interest Coverage is 6.68. Afrimat's value of 0.80 is 88% below this benchmark. Historically, Afrimat's own Interest Coverage has ranged from 1.72 to 33.64 over the past decade. While the company's 10-year median is 13.51 vs. the industry median of 6.68, Afrimat has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Building Materials company?
The median Interest Coverage among Building Materials companies is 6.68, based on 310 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afrimat's current Interest Coverage of 0.80 is 88% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Afrimat and its competitors. For the Building Materials industry, the median Interest Coverage is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afrimat's current Interest Coverage is 0.80, which is 94% below median its own 10-year median of 13.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afrimat stock overvalued right now?
Based on GuruFocus' analysis, Afrimat (JSE:AFT) is currently considered Significantly Undervalued. The stock's GF Value™ is R97.08, compared to a current price of R27.33 — trading 71.8% below its estimated fair value. The current Interest Coverage is 0.80, which is 94% below median its 10-year median of 13.51 and 88% below the Building Materials industry median of 6.68. Afrimat's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Afrimat (JSE:AFT), the current Interest Coverage is 0.80 as of Feb. 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 Afrimat (JSE:AFT) Overvalued in 2026?
Based on GuruFocus' analysis, Afrimat stock appears to be undervalued.
The current stock price of R27.33 is trading 71.8% below its estimated GF Value™ of R97.08.
GuruFocus considers Afrimat to be Significantly Undervalued.
Key valuation signals for JSE:AFT:
Interest Coverage: 0.80 (94% below median its 10-year median of 13.51)
GF Value™: R97.08 vs. price of R27.33 (71.8% below fair value)
Industry Position: 88% below the Building Materials median (#259 of 310)
No single metric tells the full story. See the JSE:AFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afrimat Ltd is a South Africa-based company. It has five segment Construction Materials, Industrial Minerals, Bulk Commodities, Future Materials and Metals, and Services. The company generates majority of revenue from Construction Materials comprises two distinct product segments: Aggregates and Cement. Aggregates include the sale of sand, gravel, crushed stone, and concrete-based products. Concrete-based products are produced using rock, sand, water, cement, and readymix concrete are typically used in various construction applications. The segment also includes the processing and sale of fly-ash, a by-product used to enhance concrete performance. Cement consists of the manufacturing and supply of cement. The Group views the entire southern African region as a single geographical area.
72GF Score
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