Afric Industries (CAS:AFI) Intrinsic Value: Projected FCF: MAD134.67 (As of Aug. 24, 2026) — 5040% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CAS:AFI Afric Industries SA CAS:AFI
66 GF Score
Price MAD337.95
GF Value MAD340.66
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Afric Industries Intrinsic Value: Projected FCF?

Afric Industries CAS:AFI 66 Intrinsic Value: Projected FCF is MAD134.67 as of Aug. 24, 2026, which is 100% below its 10-year median of 2.62. GuruFocus rates CAS:AFI with a GF Score™ of 66/100 and a GF Value™ of MAD340.66 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,152 Chemicals companies, Afric Industries ranks worse than 70.75% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-24), Afric Industries's Intrinsic Value: Projected FCF is MAD134.67. The stock price of Afric Industries is MAD337.95. Therefore, Afric Industries's Price-to-Intrinsic-Value-Projected-FCF of today is 2.5.

The historical rank and industry rank for Afric Industries's Intrinsic Value: Projected FCF or its related term are showing as below:

CAS:AFI' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 2.31   Med: 2.62   Max: 2.78
Current: 2.51

During the past 10 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Afric Industries was 2.78. The lowest was 2.31. And the median was 2.62.

CAS:AFI's Price-to-Projected-FCF is ranked worse than
70.75% of 1152 companies
in the Chemicals industry
Industry Median: 1.345 vs CAS:AFI: 2.51

Afric Industries  (CAS:AFI) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Afric Industries's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=337.95/134.66849315068
=2.51

* 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.


Afric Industries Intrinsic Value: Projected FCF Related Terms


Afric Industries Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Afric Industries's Intrinsic Value: Projected FCF 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.

Afric Industries Intrinsic Value: Projected FCF Chart

Afric Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 124.17 120.41 131.61 134.67

Afric Industries Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intrinsic Value: Projected FCF 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 120.41 0.00 131.61 0.00 134.67

CAS:AFI vs LIN, SHW, ECL: Intrinsic Value: Projected FCF Comparison

For the Specialty Chemicals subindustry, Afric Industries's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.


Afric Industries Price-to-Projected-FCF vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Afric Industries's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Afric Industries's Price-to-Projected-FCF falls into.


CAS:AFI
66GF Score
Afric Industries SA CAS:AFI
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Afric Industries Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Afric Industries's Free Cash Flow(6 year avg) = MAD0.00.

Afric Industries's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*0+49.154*0.8)/0.292
=134.67

* 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.

What does a Intrinsic Value: Projected FCF of MAD134.67 mean?
Afric Industries (CAS:AFI) has a Intrinsic Value: Projected FCF of MAD134.67 as of Aug. 24, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Afric Industries and its competitors. This is 5040% above median its historical median of 2.62. Over the past decade, Afric Industries' Intrinsic Value: Projected FCF has ranged from 2.31 to 2.78. According to the industry distribution chart, Afric Industries ranks #815 out of 1152 companies in the Chemicals industry, placing it in the top 70.7%.
Is Afric Industries' Intrinsic Value: Projected FCF too high?
Afric Industries' current Intrinsic Value: Projected FCF of MAD134.67 is 5040% above median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 2.78. Based on the distribution chart, Afric Industries ranks #815 out of 1152 companies in the Chemicals industry, which is below the industry midpoint. Overall, Afric Industries has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afric Industries' Intrinsic Value: Projected FCF compare to LIN and SHW?
According to the Chemicals industry distribution chart, Afric Industries ranks #815 out of 1152 companies for Intrinsic Value: Projected FCF. This places Afric Industries in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.35. Historically, Afric Industries' own Intrinsic Value: Projected FCF has ranged from 2.31 to 2.78 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Chemicals company?
The median Intrinsic Value: Projected FCF among Chemicals companies is 1.35, based on 1,152 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Afric Industries and its competitors. For the Chemicals industry, the median Intrinsic Value: Projected FCF is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afric Industries's current Intrinsic Value: Projected FCF is MAD134.67, which is 5040% above median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afric Industries stock overvalued right now?
Based on GuruFocus' analysis, Afric Industries (CAS:AFI) is currently considered Fairly Valued. The stock's GF Value™ is MAD340.66, compared to a current price of MAD337.95 — trading 0.8% below its estimated fair value. The current Intrinsic Value: Projected FCF is MAD134.67, which is 5040% above median its 10-year median of 2.62. Afric Industries' overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Afric Industries (CAS:AFI), the current Intrinsic Value: Projected FCF is MAD134.67 as of Aug. 24, 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 Afric Industries (CAS:AFI) Overvalued in 2026?

Based on GuruFocus' analysis, Afric Industries stock appears to be undervalued. The current stock price of MAD337.95 is trading 0.8% below its estimated GF Value™ of MAD340.66. GuruFocus considers Afric Industries to be Fairly Valued.

Key valuation signals for CAS:AFI:

  • Intrinsic Value: Projected FCF: MAD134.67 (5040% above median its 10-year median of 2.62)
  • GF Value™: MAD340.66 vs. price of MAD337.95 (0.8% below fair value)
  • GF Score™: 66/100 with 5 warning signs

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


Afric Industries Business Description

Address Lot 107, Street 3, Tetouan Road, Industrial Area of Mghogha, Tangier, MAR, 90000
Afric Industries SA is engaged in the development, production, and marketing of abrasive products of all shapes and sizes. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.
66GF Score

Get the complete analysis for CAS:AFI

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

MAD337.95
Price
MAD340.66
GF Value