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General information

Sector: Technology

The company is not available at Interactive Brokers

AYO Technology Solutions Limited (JSE:AYO) empowers organisations across Africa through technology. The group solves real-world business challenges through strategic partnerships that are helping to shape the future of the continent. AYO Group's services and offerings elevate processes, enrich experiences and fuel growth.

The Group owns and operates the following businesses:

Health System Technologies (HST)

Founded in 1980,  HST is a specialist provider of integrated healthcare ICT solutions. With offices spanning across South Africa, HST  partners with healthcare organisations to deploy medical record management systems, provide project management support, healthcare data cleansing and conversion, systems maintenance, upgrades and integrations and a host of other technology services focused on the healthcare industry. Learn more healthsystems.co.za

Puleng Technologies

Puleng Technologies (PTY) Ltd, is a South African ICT company with roots firmly planted around building local expertise and providing customers with “Project Success” linked to the solutions it designs and support. The Puleng Blueprint provides its customers with a client-centric strategy to manage and secure the two most valuable assets an organisation has: its data and users, while facilitating IT and business with a platform to build an efficient, collaborative and integrated cybersecurity program.

To further enhance this strategy Puleng provides customers with Data Centre infrastructure platforms, which allows them to leverage core strengths across the Compute, Storage, Virtualisation and Management teams. Learn more puleng.co.za

Headset Solutions

Since 1990 Headset Solutions has been the proud distributor of leading audio and video-conferencing equipment brands, Poly, Jabra and Konftel in Africa. Their extensive footprint and comprehensive inventory enables them to offer fast and effective support to their clients and partners. With more than 1 million headsets sold over the last 10 years, Headset Solutions is South Africa’s leading supplier of headsets. Learn more headsetsolutions.co.za

Afrozaar

Afrozaar is a software consulting services company that provides digital solutions to retailers, media groups and brand agencies. With a client footprint in Africa, USA and Europe, the scope of projects the company has worked on is extensive. Afrozaar’s digital media product bundle, “The Publisher’s Toolbox”, delivers a highly scalable enterprise content distribution ecosystem. Learn more afrozaar.com

Digital Matter

Digital Matter provides enterprise-level software solutions using the Microsoft development suite as its platform in all applications and products. The company’s flagship offerings have been successfully deployed within some of South Africa’s biggest organisations. Learn more digitalmatter.com

SGT Solutions

SGT Solutions (Pty) Ltd is a turnkey solutions integrator, specialising in the design, supply, deployment and maintenance of multi-technology telecommunication systems for fixed, mobile and converged networks through partnerships with its customers and technology providers. The company creates value-added customer experiences by offering solutions that yield tangible benefits and differentiation for its customers, thereby leveraging the investment in their existing networks. Learn more sgtsolutions.co.za

Sizwe Africa IT Group

One of South Africa’s leading integrated ICT solution providers, Sizwe offers various ICT services including a focused spectrum of physical infrastructure, metro and long-distance optic fibre, facility management, continuous energy supply, networking and security to hosting, storage server processing, mobility, data centre, end-user computing and associated consumables. Learn more sizwegroup.co.za

Global Command and Control Technologies (GC²T)

(GC²T) is the national sovereign command and control capability of the Department of Defence. GC²T  has existed in various forms since 1982 when it was moved out of the then Andromeda (state owned) into the Altech Group as the first phase of establishment of a national command and control strategy. Today the company is 100%  South African and majority black-owned. GC²T  operates in the defence and related technologies space and focuses on the provision of system level 4, 5 and 6 Command, Control, Communication and Information solutions.



  • Pretty weak financial results growth rate 4.5% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (-0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -495.2% (LTM)
  • Share price is 83.3% higher than minimum and 91.5% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (0.2x vs
    )

Key Financials

Share price, ZAR:  (0.0%)0.5500
Share price, USD: 0.029344
Common stocks: 344 127 273

Dividend Yield:  0.0%
FCF Yield LTM: -495.2%
EV / LTM EBITDA: 0.2x
Last revenue growth (y/y):  +9.0%
Last growth of EBITDA (y/y):  0.0%
Historical revenue growth:  -7.0%
Historical growth of EBITDA:  -14.3%
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 10
Net Debt ($m): -17
EV (Enterprise Value): -7
EBITDA LTM ($m): -35
EV / LTM EBITDA: 0.2x
Price to Book: 0.08x

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,
website traffic data

Releases

2022-08-05
Cautionary Announcement
2022-05-20
Short-Form: Unaudited Condensed Consolidated Interim Financial Results For Six Months Ended 28 February 2022
2022-05-19
Trading Statement For The Six Months Ended 28 February 2022
2022-03-10
Results of the Annual General Meeting
2022-02-10
JSE Public Censure of Two Former Non-Executive Directors
2022-02-10
GEN - General – Censure imposed by the JSE on Ms Mbuso Khoza – former non-executive director of AYO
2022-02-10
Censure imposed by the JSE on Mr Telang Ntsasa – former non-executive director of AYO
2021-12-20
No Change Statement, Availability of Integrated Report and Notice of Annual General Meeting
2021-12-06
Daily Maverick Publication on 5 December 2021
2021-11-30
Short-Form Announcement: Provisional Reviewed Results for the Year Ended 31 August 2021 and Dividend Declaration
2021-11-26
TRADING STATEMENT FOR YEAR ENDED 31 AUGUST 2021
2021-11-23
Change To The Board – Resignation Of Director
2021-08-31
Prohibited Period Share Repurchase Programme
2021-05-25
Short-Form Announcement: Interim Results for the Six Months Ended 28 February 2021 and Dividend Declaration
2021-05-24
Trading Statement for the Six Months Ended 28 February 2021

SENS Announcements

2024-04-04
Disclosure of Beneficial Interest in Securities
2024-04-04
Publication Of Audited Consolidated Financial Statements For The Year Ended 31 August 2023 – Update Change Statement
2024-03-27
Addendum to the Settlement Agreement and Withdrawal f Cautionary Announcement
2024-03-15
Changes To The Board And Board Committees
2024-03-14
Renewal Of Cautionary Announcement
2024-03-14
Results Of The Annual General Meeting
2024-02-02
Correction Announcement - Publication Of Audited Consolidated Financial Statements For The Year Ended 31 August 2023
2024-02-02
Renewal Of Cautionary Announcement
2024-01-31
Publication Of Audited Consolidated Financial Statements For Year Ended 31 August 2023, IAR & Notice Of Virtual AGM
2023-12-21
Compétition Tribunal Update
2023-12-19
Renewal Of Cautionary Announcement
2023-12-14
Censure imposed by the JSE on Mr Khalid Abdulla, former director of AYO
2023-12-13
Resignation Of Non-Executive Director
2023-12-06
Short-Form Announcement: Reviewed Condensed Consolidated Financial Statements for the Year Ended 31 August 2023
2023-12-01
Trading Statement
2023-11-30
Retirement Of Executive Director
2023-11-07
Renewal Of Cautionary Announcement
2023-10-30
Resignation of Non-Executive Director
2023-09-27
Renewal Of Cautionary Announcement
2023-09-21
Competition Tribunal Update – Further Clarification
2023-09-06
Response by AYO Technology Solutions Limited to the censure imposed by the JSE
2023-09-05
Voluntary Shareholder Announcement with regards to Sizwe Africa IT Group.
2023-09-05
Censure imposed by the JSE on Mr Khalid Abdulla, director of AYO
2023-09-04
Competition Tribunal Update - Clarification
2023-08-25
Postponement of General Meeting
2023-08-15
Renewal Of Cautionary Announcement
2023-08-02
Competition Tribunal Update
2023-07-28
Distribution Of Circular And Notice Of General Meeting
2023-06-30
Renewal Of Cautionary Announcement
2023-06-06
Short-Form Announcement: Unaudited Condensed Consolidated Interim Financial Results For Six Months Ended 28 Feb 2023
2023-06-06
CANCELLATION OF S476151 Short-Form Announcement: Unaudited Condensed Consolidated Interim Financial Results For Six Months Ended 28 Feb 2023
2023-06-06
Short-Form Announcement: Unaudited Condensed Consolidated Interim Financial Results For Six Months Ended 28 Feb 2023
2023-05-25
Trading Statement for the Six Months Ended 28 February 2023
2023-05-18
Supplementary Announcement – Terms Of Settlement Agreement And Renewal Of Cautionary Announcement
2023-05-17
Passing Of Ayo’s Independent Non-Executive Director: Dr Dennis George
2023-04-18
Changes To The Board Of Directors - Appointment Of Chairman And Non-Executive Directors
2023-04-04
Passing Of Ayo’s Chairman: Dr Wallace Mgoqi
2023-04-04
Cautionary Announcement – Terms Of Settlement Agreement
2023-04-03
Voluntary Announcement
2023-03-24
Update on Legal Proceedings and Withdrawal of Cautionary Announcement
2023-03-06
Update on Legal proceedings and cautionary announcement
2023-02-22
Results Of The Annual General Meeting
2023-02-15
Changes To Board Of Directors - Appointment Of New CEO And Resignation And Appointment Of CFO
2023-01-10
Voluntary announcement pertaining to an internal organisational restructuring
2022-12-23
Changes to the Board
2022-12-22
Statement by Ayo Technology Solutions Limited in response to the censure imposed by the JSE Limited as published on
2022-12-22
Censure imposed by the JSE on AYO Technology Solutions Limited
2022-12-21
No Change Statement, Availability Of Integrated Annual Report And Notice Of Virtual Annual General Meeting
2022-12-19
Correction Announcement - No Change Statement, Availability Of Integrated Annual Report And Notice Of Virtual AGM
2022-12-19
CANCELLATION OF S469994 No Change Statement, Availability of Integrated Annual Report and Notice of Virtual Annual General Meeting
2022-12-19
No Change Statement, Availability of Integrated Annual Report and Notice of Virtual Annual General Meeting
2022-12-14
Retirement Of Chief Executive Officer
2022-12-09
Dividend Declaration Update
2022-11-30
Reviewed condensed consolidated financial results for the year ended 31 Aug 2022, cash dividend declaration
2022-11-29
Censure imposed by the JSE on Mr Abdul Malick Salie, former director of AEEI
2022-11-29
Censure imposed by the JSE on the former CFO, Ms Naahied Gamieldien
2022-08-25
Withdrawal Of Cautionary Announcement
2022-08-05
Cautionary Announcement
2022-05-20
Short-Form: Unaudited Condensed Consolidated Interim Financial Results For Six Months Ended 28 February 2022
2022-05-19
Trading Statement For The Six Months Ended 28 February 2022