Afrimat (JSE:AFT) Research & Development: R0 Mil (TTM As of Feb. 2026)


JSE:AFT Afrimat Ltd JSE:AFT
72 GF Score
Price R28.21
GF Value R97.07
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Afrimat Research & Development?

Afrimat JSE:AFT -2.72% 72 Research & Development is R0 Mil as of Feb. 2026. GuruFocus rates JSE:AFT with a GF Score™ of 72/100 and a GF Value™ of R97.07 (Significantly Undervalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Afrimat's Research & Development for the six months ended in Feb. 2026 was R0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Feb. 2026 was R0 Mil.

Afrimat  (JSE:AFT) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Afrimat Research & Development Related Terms

Afrimat Research & Development Historical Data

* Premium members only.

The historical data trend for Afrimat's Research & Development 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.

Afrimat Research & Development Chart

Afrimat Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Afrimat Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Research & Development 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 0.00 0.00 0.00 0.00 0.00
JSE:AFT
72GF Score
Afrimat Ltd JSE:AFT
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Afrimat Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R0 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 Research & Development →
What does a Research & Development of R0 Mil mean?
Afrimat (JSE:AFT) has a Research & Development of R0 Mil as of Feb. 2026. Research and development expense is the total cost for research and development activities. View historical data on Afrimat and its competitors.
Is Afrimat's Research & Development too high?
Afrimat's current Research & Development is R0 Mil. 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 Research & Development compare to CRH and VMC?
Afrimat's Research & Development of R0 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Building Materials company?
A good Research & Development depends on the Building Materials industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Afrimat and its competitors. Afrimat's current Research & Development is R0 Mil. 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 R97.07, compared to a current price of R28.21 — trading 70.9% below its estimated fair value. The current Research & Development is R0 Mil. 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 Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Afrimat (JSE:AFT), the current Research & Development is R0 Mil 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 R28.21 is trading 70.9% below its estimated GF Value™ of R97.07. GuruFocus considers Afrimat to be Significantly Undervalued.

Key valuation signals for JSE:AFT:

  • Research & Development: R0 Mil
  • GF Value™: R97.07 vs. price of R28.21 (70.9% below fair value)
  • GF Score™: 72/100 with 6 warning signs

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 Business Description

Address Corner Willie van Schoor Avenue and Old Oak Road, Tyger Valley Office Park No. 2, Tyger Valley, Bellville, WC, ZAF, 7530
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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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R28.21
Price
R97.07
GF Value