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General information

Sector: Consumer Services

The company is not available at Interactive Brokers

African and Overseas Enterprises Limited - N Shares (JSE:AON) are non-voting shares in African and Overseas Enterprises.

African and Overseas Enterprises is an investment holding company. The company owns a controlling interest in Rex Trueform and its group which has interests in the retailing of fashion apparel, property and water infrastructure sectors.

African and Overseas Enterprises owns Rex Trueform Group ordinary shares (JSE:RTO) and Rex Trueform Group non-voting ordinary shares (JSE:RTN). The combined effect of these shareholdings gives the company an economic interest of approximately 55% in Rex Trueform.

African and Overseas Enterprises has been listed on the JSE since 1948.

Information on the company's voting shares may be found at African and Overseas Enterprises Limited (JSE:AOO).


  • Bad financial results growth rate -18.5% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -244.7% (LTM)
  • Share price is 62.9% higher than minimum and 36.7% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (3.5x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)11.40
Share price, USD: 0.6125
Common stocks: 10 221 930
Dividend Yield:  0.0%
FCF Yield LTM: -244.7%
EV / LTM EBITDA: 3.5x
Last revenue growth (y/y):  -5.5%
Last growth of EBITDA (y/y):  -31.6%
Historical revenue growth:  +1.5%
Historical growth of EBITDA:  +22.7%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 6
Net Debt ($m): 36
EV (Enterprise Value): 43
EBITDA LTM ($m): 12
EV / LTM EBITDA: 3.5x
Price to Book: 0.26x

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Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

More information for subscribed users:
detailed calculation of
Potential and Created Value,
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Releases

2022-07-07
Declaration of cash dividend in respect of the 6% cumulative participating preference shares
2022-06-30
Dealings in securities by an associate of a director of AOE
2022-06-29
Dealings in securities by associate of director of AOE and notification of acquisition and disposal of interest
2022-06-22
Dealings in securities by a director and by a director of a major subsidiary of the company
2022-03-29
Summarised consolidated results for the period ended 31 December 2021
2022-03-28
Trading statement
2022-02-09
Acquisition of a 11.29% stake in Telemedia Proprietary Limited - further update announcement
2022-01-31
Acquisition of a 11.29% stake in Telemedia Proprietary Limited - further update announcement
2021-12-17
Declaration of cash dividend in respect of 6% cumulative participating preference shares
2021-12-03
Results of annual general meeting
2021-11-05
Correction announcement: integrated annual report dates
2021-11-02
Posting of integrated annual report and notice of annual general meeting
2021-10-27
Dealings in securities by an associate of a director
2021-09-30
Publication of audited consolidated AFS for year ended 30 June 2021 and availability of B-BBEE compliance report
2021-09-30
Summarised consolidated financial results for the year ended 30 June 2021
2021-09-28
Trading statement