AfrimatJSE:AFT +0.57%72 ROE % is -1.55% as of Feb. 2026. 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 404 Building Materials companies, Afrimat ranks worse than 59.41% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Afrimat's annualized net income for the quarter that ended in Feb. 2026 was R-69 Mil. Afrimat's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was R4,450 Mil. Therefore, Afrimat's annualized ROE % for the quarter that ended in Feb. 2026 was -1.55%.
The historical rank and industry rank for Afrimat's ROE % or its related term are showing as below:
JSE:AFT'
s ROE % Range Over the Past 10 Years
Min: 2.15 Med: 21.67 Max: 37.71
Current: 2.76
During the past 13 years, Afrimat's highest ROE % was 37.71%. The lowest was 2.15%. And the median was 21.67%.
JSE:AFT's ROE % is ranked worse than 59.41% of 404
companies
in the Building Materials industry
Industry Median: 4.335
vs JSE:AFT: 2.76
Afrimat (JSE:AFT) 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:
Note:
The net income data used here is two times the semi-annual (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 2026) 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.
Afrimat ROE % Related Terms
Afrimat ROE % Historical Data
* Premium members only.
The historical data trend for Afrimat'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.
For the Building Materials subindustry, Afrimat'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.
Afrimat ROE % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Afrimat's ROE % distribution charts can be found below:
* The bar in red indicates where Afrimat's ROE % falls into.
* 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 (Feb. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Afrimat (JSE:AFT) has a ROE % of -1.55% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Afrimat and its competitors. Over the past decade, Afrimat's ROE % has ranged from 2.15 to 37.71. According to the industry distribution chart, Afrimat ranks #240 out of 404 companies in the Building Materials industry, placing it in the top 59.4%.
Is Afrimat's ROE % too high?
Afrimat's current ROE % is -1.55%. Over the past 10 years, this metric has ranged from a low of 2.15 to a high of 37.71. Based on the distribution chart, Afrimat ranks #240 out of 404 companies in the Building Materials industry, which is below the industry midpoint. 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 ROE % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Afrimat ranks #240 out of 404 companies for ROE %. This places Afrimat in the lower half of its industry. The industry median ROE % is 4.34. Historically, Afrimat's own ROE % has ranged from 2.15 to 37.71 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 ROE % for a Building Materials company?
The median ROE % among Building Materials companies is 4.34, based on 404 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. 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 Afrimat and its competitors. For the Building Materials industry, the median ROE % is 4.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afrimat's current ROE % is -1.55%. 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 R28.37 — trading 70.8% below its estimated fair value. The current ROE % is -1.55%. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Afrimat (JSE:AFT), the current ROE % is -1.55% 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 R97.08.
GuruFocus considers Afrimat to be Significantly Undervalued.
Key valuation signals for JSE:AFT:
ROE %: -1.55%
GF Value™: R97.08 vs. price of R28.37 (70.8% below fair value)
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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