Afrimat (JSE:AFT) ROCE %: 6.06% (As of Feb. 2026)

What is Afrimat ROCE %?

Afrimat JSE:AFT +0.57% 72 ROCE % is 6.06% 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Afrimat's annualized ROCE % for the quarter that ended in Feb. 2026 was 6.06%.

Afrimat (JSE:AFT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Afrimat ROCE % Related Terms

Afrimat ROCE % Historical Data

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The historical data trend for Afrimat's ROCE % 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 ROCE % Chart

Afrimat Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

ROCE %

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30.57

22.77

23.06

9.23

10.24

Afrimat Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
ROCE %	Get a 7-Day Free Trial															23.48	11.43	6.79	15.27	6.06

72GF Score

Afrimat Ltd JSE:AFT

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Afrimat ROCE % Calculation

Afrimat's annualized ROCE % for the fiscal year that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	590.469	/	( ( (9203.294 - 3819.453)	+	(9900.953 - 3749.491) )	/ 2 )
	=	590.469	/	( (5383.841	+	6151.462)	/ 2 )
	=	590.469	/	5767.6515
	=	10.24 %

Afrimat's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Aug. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Aug. 2025 )		(Q: Feb. 2026 )
	=	352.034	/	( ( (10142.954 - 4671.837)	+	(9900.953 - 3749.491) )	/ 2 )
	=	352.034	/	( ( 5471.117	+	6151.462 )	/ 2 )
	=	352.034	/	5811.2895
	=	6.06 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 6.06% mean?

Afrimat (JSE:AFT) has a ROCE % of 6.06% as of Feb. 2026.

Is Afrimat's ROCE % too high?

Afrimat's current ROCE % is 6.06%. The Building Materials industry median ROCE % is 5.95. Afrimat's value of 6.06% is 1.8% above this industry median. 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 ROCE % compare to CRH and VMC?

Afrimat's ROCE % of 6.06% can be compared against companies in the Building Materials industry. The industry median ROCE % is 5.95. Afrimat's value of 6.06% is 1.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Building Materials company?

The median ROCE % among Building Materials companies is 5.95, based on 407 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afrimat's current ROCE % of 6.06% is 1.8% above 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Building Materials industry, the median ROCE % is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afrimat's current ROCE % is 6.06%. 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 R28.37 — trading 70.8% below its estimated fair value. The current ROCE % is 6.06% and 1.8% above the Building Materials industry median of 5.95. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Afrimat (JSE:AFT), the current ROCE % is 6.06% 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 R28.37 is trading 70.8% below its estimated GF Value™ of R97.07. GuruFocus considers Afrimat to be Significantly Undervalued.

Key valuation signals for JSE:AFT:

ROCE %: 6.06%
GF Value™: R97.07 vs. price of R28.37 (70.8% below fair value)
GF Score™: 72/100 with 6 warning signs
Industry Position: 1.8% above the Building Materials median

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

Industry Basic Materials Building Materials

Comparable Companies JSE:SEP JSE:BIK JSE:PPC CRH XSWX:HOLN XTER:HEI VMC BOM:532538 MLM XSWX:AMRZ SHSE:600176 NSE:GRASIM MEX:CEMEXCPO SHSE:600585 NSA:DCP JHX BOM:500425 NSA:BUACEMENT MIL:BZU BOM:500387

Address Corner Willie van Schoor Avenue and Old Oak Road, Tyger Valley Office Park No. 2, Tyger Valley, Bellville, WC, ZAF, 7530

Website https://www.afrimat.co.za

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

R28.37

Price

R97.07

GF Value

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