Afric Industries (CAS:AFI) ROE %: 18.56% (As of Dec. 2025) — 20% Above Median


CAS:AFI Afric Industries SA CAS:AFI
66 GF Score
Price MAD336.95
GF Value MAD338.88
Valuation Fairly Valued
! 6 Warning Signs
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What is Afric Industries ROE %?

Afric Industries CAS:AFI -0.01% 66 ROE % is 18.56% as of Dec. 2025, which is 20% above its 10-year median of 15.50. GuruFocus rates CAS:AFI with a GF Score™ of 66/100 and a GF Value™ of MAD338.88 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,591 Chemicals companies, Afric Industries ranks better than 87.37% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Afric Industries's annualized net income for the quarter that ended in Dec. 2025 was MAD8.72 Mil. Afric Industries's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was MAD46.97 Mil. Therefore, Afric Industries's annualized ROE % for the quarter that ended in Dec. 2025 was 18.56%.

The historical rank and industry rank for Afric Industries's ROE % or its related term are showing as below:

CAS:AFI' s ROE % Range Over the Past 10 Years
Min: 9.99   Med: 15.5   Max: 21.56
Current: 15.91

During the past 10 years, Afric Industries's highest ROE % was 21.56%. The lowest was 9.99%. And the median was 15.50%.

CAS:AFI's ROE % is ranked better than
87.37% of 1591 companies
in the Chemicals industry
Industry Median: 5.19 vs CAS:AFI: 15.91

Afric Industries  (CAS:AFI) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=8.718/46.9745
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(8.718 / 45.258)*(45.258 / 55.8575)*(55.8575 / 46.9745)
=Net Margin %*Asset Turnover*Equity Multiplier
=19.26 %*0.8102*1.1891
=ROA %*Equity Multiplier
=15.6 %*1.1891
=18.56 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=8.718/46.9745
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (8.718 / 11.368) * (11.368 / 7.676) * (7.676 / 45.258) * (45.258 / 55.8575) * (55.8575 / 46.9745)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7669 * 1.481 * 16.96 % * 0.8102 * 1.1891
=18.56 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Afric Industries ROE % Related Terms


Afric Industries ROE % Historical Data

* Premium members only.

The historical data trend for Afric Industries's ROE % 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 ROE % Chart

Afric Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.42 13.62 9.99 21.56 15.50

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
ROE % 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 12.96 11.13 34.21 13.66 18.56

CAS:AFI vs LIN, SHW, ECL: ROE % Comparison

For the Specialty Chemicals subindustry, Afric Industries's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Afric Industries's ROE % distribution charts can be found below:

* The bar in red indicates where Afric Industries's ROE % falls into.


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

Afric Industries ROE % Calculation

Afric Industries's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=7.53/( (48.036+49.154)/ 2 )
=7.53/48.595
=15.50 %

Afric Industries's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=8.718/( (44.795+49.154)/ 2 )
=8.718/46.9745
=18.56 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 18.56% mean?
Afric Industries (CAS:AFI) has a ROE % of 18.56% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Afric Industries and its competitors. This is 20% above median its historical median of 15.50. Over the past decade, Afric Industries' ROE % has ranged from 9.99 to 21.56. According to the industry distribution chart, Afric Industries ranks #201 out of 1591 companies in the Chemicals industry, placing it in the top 12.6%.
Is Afric Industries' ROE % too high?
Afric Industries' current ROE % of 18.56% is 20% above median its 10-year median of 15.50. Over the past 10 years, this metric has ranged from a low of 9.99 to a high of 21.56. The Chemicals industry median ROE % is 5.19. Afric Industries' value of 18.56% is 257.6% above this industry median. Based on the distribution chart, Afric Industries ranks #201 out of 1591 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. 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' ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Afric Industries ranks #201 out of 1591 companies for ROE %. This places Afric Industries in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 5.19. Afric Industries' value of 18.56% is 257.6% above this benchmark. Historically, Afric Industries' own ROE % has ranged from 9.99 to 21.56 over the past decade. While the company's 10-year median is 15.50 vs. the industry median of 5.19, Afric Industries has consistently been above 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 ROE % for a Chemicals company?
The median ROE % among Chemicals companies is 5.19, based on 1,591 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afric Industries's current ROE % of 18.56% is 257.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Afric Industries and its competitors. For the Chemicals industry, the median ROE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afric Industries's current ROE % is 18.56%, which is 20% above median its own 10-year median of 15.50. 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 MAD338.88, compared to a current price of MAD336.95 — trading 0.6% below its estimated fair value. The current ROE % is 18.56%, which is 20% above median its 10-year median of 15.50 and 257.6% above the Chemicals industry median of 5.19. Afric Industries' overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Afric Industries (CAS:AFI), the current ROE % is 18.56% as of Dec. 2025. 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 MAD336.95 is trading 0.6% below its estimated GF Value™ of MAD338.88. GuruFocus considers Afric Industries to be Fairly Valued.

Key valuation signals for CAS:AFI:

  • ROE %: 18.56% (20% above median its 10-year median of 15.50)
  • GF Value™: MAD338.88 vs. price of MAD336.95 (0.6% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 257.6% above the Chemicals median (#201 of 1591)

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

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

MAD336.95
Price
MAD338.88
GF Value