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ASF Group

ASX:AFA
Snowflake Description

Questionable track record with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AFA
ASX
A$74M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

ASF Group Limited, an investment and trading house, operates in the oil and gas, resources, property, infrastructure, travel, and financial services sectors in Australia, China, the United Kingdom, and rest of Europe. The last earnings update was 36 days ago. More info.


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AFA Share Price and Events
7 Day Returns
0%
ASX:AFA
4%
AU Diversified Financial
1.1%
AU Market
1 Year Returns
-15.5%
ASX:AFA
-36.5%
AU Diversified Financial
-18.9%
AU Market
AFA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ASF Group (AFA) 0% 0% - -15.5% -53.5% -73%
AU Diversified Financial 4% -20.8% -30.8% -36.5% -70.2% -75.7%
AU Market 1.1% -20.8% -25% -18.9% -16% -16.4%
1 Year Return vs Industry and Market
  • AFA outperformed the Diversified Financial industry which returned -36.5% over the past year.
  • AFA outperformed the Market in Australia which returned -18.9% over the past year.
Price Volatility
AFA
Industry
5yr Volatility vs Market

AFA Value

 Is ASF Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for ASF Group. This is due to cash flow or dividend data being unavailable. The share price is A$0.093.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ASF Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ASF Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AFA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.01
ASX:AFA Share Price ** ASX (2020-02-26) in AUD A$0.09
Global Diversified Financial Industry PE Ratio Median Figure of 307 Publicly-Listed Diversified Financial Companies 9.21x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 13.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ASF Group.

ASX:AFA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:AFA Share Price ÷ EPS (both in AUD)

= 0.09 ÷ 0.01

18.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASF Group is overvalued based on earnings compared to the Global Diversified Financial industry average.
  • ASF Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does ASF Group's expected growth come at a high price?
Raw Data
ASX:AFA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Diversified Financial Industry PEG Ratio Median Figure of 56 Publicly-Listed Diversified Financial Companies 0.42x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 1.04x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ASF Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ASF Group's assets?
Raw Data
ASX:AFA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.01
ASX:AFA Share Price * ASX (2020-02-26) in AUD A$0.09
Australia Diversified Financial Industry PB Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 0.82x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.23x
ASX:AFA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:AFA Share Price ÷ Book Value per Share (both in AUD)

= 0.09 ÷ 0.01

8.96x

* Primary Listing of ASF Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASF Group is overvalued based on assets compared to the AU Diversified Financial industry average.
X
Value checks
We assess ASF Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. ASF Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AFA Future Performance

 How is ASF Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ASF Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
99.1%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ASF Group expected to grow at an attractive rate?
  • Unable to compare ASF Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ASF Group's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare ASF Group's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:AFA Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 99.1%
Australia Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average -87.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:AFA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:AFA Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 9 -8 4
2019-09-30 8 -9 0
2019-06-30 6 -11 -3
2019-03-31 6 -9 -10
2018-12-31 5 -8 -16
2018-09-30 10 -9 -9
2018-06-30 14 -10 -1
2018-03-31 14 -11 -4
2017-12-31 14 -12 -7
2017-09-30 9 -11 -13
2017-06-30 5 -10 -20
2017-03-31 4 -9 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ASF Group is high growth as no earnings estimate data is available.
  • Unable to determine if ASF Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:AFA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ASF Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AFA Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.01
2019-09-30 0.00
2019-06-30 0.00
2019-03-31 -0.01
2018-12-31 -0.02
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.02
2017-06-30 -0.03
2017-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ASF Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. ASF Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  2. ASF Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess ASF Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ASF Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AFA Past Performance

  How has ASF Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ASF Group's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ASF Group has delivered over 20% year on year earnings growth in the past 5 years.
  • ASF Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • ASF Group has become profitable in the last year making it difficult to compare the Global Diversified Financial industry average.
Earnings and Revenue History
ASF Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ASF Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AFA Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 9.02 3.95 9.05
2019-09-30 7.65 0.49 9.05
2019-06-30 6.29 -2.96 9.05
2019-03-31 5.89 -9.68 8.52
2018-12-31 5.49 -16.39 7.94
2018-09-30 9.93 -8.51 8.07
2018-06-30 14.37 -0.63 8.19
2018-03-31 13.97 -3.70 8.57
2017-12-31 13.57 -6.77 8.95
2017-09-30 9.35 -13.15 9.05
2017-06-30 5.12 -19.53 9.15
2017-03-31 4.03 -14.79 9.04
2016-12-31 2.94 -10.05 8.94
2016-09-30 2.57 -12.65 8.29
2016-06-30 2.20 -15.25 7.64
2016-03-31 1.54 -16.73 7.68
2015-12-31 0.89 -18.20 7.72
2015-09-30 0.76 -16.21 8.83
2015-06-30 0.64 -14.23 9.93
2015-03-31 2.02 -10.64 9.19
2014-12-31 3.41 -7.05 8.45
2014-09-30 6.47 -3.05 7.91
2014-06-30 9.52 0.96 7.37
2014-03-31 8.57 -13.31 7.08
2013-12-31 7.62 -27.58 6.79
2013-09-30 4.83 -29.04 5.69
2013-06-30 2.05 -30.51 4.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst ASF Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • ASF Group used its assets more efficiently than the Global Diversified Financial industry average last year based on Return on Assets.
  • It is difficult to establish if ASF Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ASF Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ASF Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AFA Health

 How is ASF Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ASF Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ASF Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ASF Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ASF Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ASF Group Company Filings, last reported 3 months ago.

ASX:AFA Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5.34 17.40 4.84
2019-09-30 5.34 17.40 4.84
2019-06-30 8.06 18.95 4.93
2019-03-31 8.06 18.95 4.93
2018-12-31 -1.73 22.47 6.84
2018-09-30 -1.73 22.47 6.84
2018-06-30 3.54 18.02 4.59
2018-03-31 3.54 18.02 4.59
2017-12-31 11.43 18.27 9.92
2017-09-30 11.43 18.27 9.92
2017-06-30 4.69 28.70 17.67
2017-03-31 4.69 28.70 17.67
2016-12-31 6.25 22.39 5.14
2016-09-30 6.25 22.39 5.14
2016-06-30 12.45 16.61 2.50
2016-03-31 12.45 16.61 2.50
2015-12-31 16.86 11.72 2.43
2015-09-30 16.86 11.72 2.43
2015-06-30 28.25 5.82 4.23
2015-03-31 28.25 5.82 4.23
2014-12-31 32.97 0.02 4.27
2014-09-30 32.97 0.02 4.27
2014-06-30 18.30 5.14 2.31
2014-03-31 18.30 5.14 2.31
2013-12-31 16.95 4.95 5.20
2013-09-30 16.95 4.95 5.20
2013-06-30 1.16 9.78 2.41
  • ASF Group's level of debt (326%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.3% vs 326% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on ASF Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess ASF Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ASF Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AFA Dividends

 What is ASF Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ASF Group dividends.
If you bought A$2,000 of ASF Group shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ASF Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ASF Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:AFA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Global Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 160 Stocks 4.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 370 Stocks 5.5%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ASF Group has not reported any payouts.
  • Unable to verify if ASF Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ASF Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ASF Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ASF Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ASF Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ASF Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AFA Management

 What is the CEO of ASF Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Min Yang
AGE 64
CEO Bio

Ms. Min Yang is the Founder of China Hanking Holdings Limited. Ms. Yang has been the Chairwoman of Hanking Group since 1996 and of Aoniu Mining since August 2008. Ms. Yang has obtained more than 14 years of experience in the mining industry. She, holding a number of positions with various organizations, has also received several prestigious awards. She served as the Chairwoman of China Hanking Holdings Limited from February 25, 2011 to August 26, 2014 and again until March 18, 2016. She served as an Executive Director of China Hanking Holdings Limited since February 25, 2011 until March 18, 2016. In 1999, Ms. Yang completed her part-time graduate studies at Graduate Class of Beijing Normal University in Economic Management and received a graduate diploma. Ms. Yang serves as Non-Executive Chairman of BSF Enterprise Plc.

CEO Compensation
  • Insufficient data for Min to compare compensation growth.
  • Insufficient data for Min to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team

David Fang

TITLE
Executive Director
COMPENSATION
A$178K
AGE
50

Geoff Baker

TITLE
Executive Director
COMPENSATION
A$307K
AGE
63

Louis Chien

TITLE
Executive Director
COMPENSATION
A$402K

Nick Williams

TITLE
Director of Resources
COMPENSATION
A$160K

William Kuan

TITLE
Company Secretary & Executive Director
COMPENSATION
A$198K
TENURE
10.2 yrs

Min Yang

TITLE
Chairman of the Board
AGE
64

Wei Jin

TITLE
Director of ASF Resources
COMPENSATION
A$65K

Ning Shen

TITLE
General Manager of China Business Development - ASF Corporate
COMPENSATION
A$87K
Board of Directors Tenure

Average tenure and age of the ASF Group board of directors in years:

13.4
Average Tenure
63
Average Age
  • The average tenure for the ASF Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Alex Lao

TITLE
Non-Executive Vice Chairman of the Board
AGE
56
TENURE
13.4 yrs

David Fang

TITLE
Executive Director
COMPENSATION
A$178K
AGE
50
TENURE
14.6 yrs

Geoff Baker

TITLE
Executive Director
COMPENSATION
A$307K
AGE
63
TENURE
13.4 yrs

Louis Chien

TITLE
Executive Director
COMPENSATION
A$402K
TENURE
4.9 yrs

William Kuan

TITLE
Company Secretary & Executive Director
COMPENSATION
A$198K
TENURE
6 yrs

Min Yang

TITLE
Chairman of the Board
AGE
64
TENURE
14.2 yrs

Wai Ho

TITLE
Non-Executive Director
AGE
67
TENURE
13.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess ASF Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ASF Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AFA News

Simply Wall St News

Could ASF Group Limited's (ASX:AFA) Investor Composition Influence The Stock Price?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' ASF Group is a smaller company with a market capitalization of AU$79m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for ASF Group ASX:AFA Ownership Summary, August 22nd 2019 What Does The Institutional Ownership Tell Us About ASF Group? … We can see that ASF Group does have institutional investors; and they hold 17% of the stock.

Simply Wall St -

Such Is Life: How ASF Group (ASX:AFA) Shareholders Saw Their Shares Drop 66%

Over three years, ASF Group grew revenue at 59% per year. … When we see revenue growth, paired with a falling share price, we can't help wonder if there is an opportunity for those who are willing to dig deeper. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

Simply Wall St -

Can We See Significant Insider Ownership On The ASF Group Limited (ASX:AFA) Share Register?

A look at the shareholders of ASF Group Limited (ASX:AFA) can tell us which group is most powerful. … With a market capitalization of AU$79m, ASF Group is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for ASF Group

Simply Wall St -

What You Must Know About ASF Group Limited's (ASX:AFA) Major Investors

In this analysis, my focus will be on developing a perspective on ASF Group Limited’s (ASX:AFA) latest ownership structure, a less discussed, but important factor. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … ASX:AFA Ownership Summary July 17th 18

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Who Are The Largest Shareholders In ASF Group Limited (ASX:AFA)?

With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in AFA should also look at another important group of investors: private companies, with a stake of 31.80%, who are primarily invested because of strategic and capital gain interests. … Thus, investors should dig deeper into AFA's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: AFA's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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How Much is ASF Group Limited's (ASX:AFA) CEO Getting Paid?

Therefore I will use earnings as a proxy of Yang's performance in the past year. … ASX:AFA Past Future Earnings Mar 28th 18 Is AFA's CEO overpaid relative to the market? … Typically I'd use market cap and profit as factors determining performance, however, AFA's negative earnings lower the usefulness of my formula.

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Does ASF Group Limited's (ASX:AFA) Past Performance Indicate A Stronger Future?

In this article, I will take a look at ASF Group Limited's (ASX:AFA) most recent earnings update (31 December 2017) and compare these latest figures against its performance over the past few years, along with how the rest of AFA's industry performed. … I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For ASF Group, its most recent earnings (trailing twelve month) is -AU$6.76M, which compared to the previous year's level, has become less negative.

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Breaking Down ASF Group Limited's (ASX:AFA) Ownership Structure

Insider Ownership Another important group of shareholders are company insiders. … Private Company Ownership Potential investors in AFA should also look at another important group of investors: private companies, with a stake of 31.79%, who are primarily invested because of strategic and capital gain interests. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: AFA's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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Have Investors Already Priced In Financial Growth For ASF Group Limited (ASX:AFA)?

Financial services analysts are forecasting for the entire industry, a fairly unexciting growth rate of 3.47% in the upcoming year , and a massive growth of 49.52% over the next couple of years. … This rate is larger than the growth rate of the Australian stock market as a whole. … ASX:AFA PE PEG Gauge Jan 24th 18 The financial services sector's PE is currently hovering around 26.6x, higher than the rest of the Australian stock market PE of 18x.

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Is ASF Group Limited's (ASX:AFA) CEO Paid At A Competitive Rate?

Profitability of a company is a strong indication of AFA's ability to generate returns on shareholders' funds through corporate activities. … During times of negative earnings, the company may be incurring a period of reinvestment and growth, or it can be an indication of some headwind. … Usually I would look at market cap and earnings as a proxy for performance, however, AFA's negative earnings lower the usefulness of my formula.

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AFA Company Info

Description

ASF Group Limited, an investment and trading house, operates in the oil and gas, resources, property, infrastructure, travel, and financial services sectors in Australia, China, the United Kingdom, and rest of Europe. It holds interests in copper-gold and gold mineralization projects in Queensland; a potash project in Western Australia; oil and gas project in the Canning Basin, Western Australia; conventional and unconventional oil and gas projects in the North Perth and Canning Basin, Western Australia; and coal tenements in Queensland. The company also develops tourism, mixed use, and urban regeneration projects. In addition, it offers property marketing services, as well as fund management and advisory services on public listing, visa migration, and funds management. ASF Group Limited was founded in 2005 and is based in Sydney, Australia.

Details
Name: ASF Group Limited
AFA
Exchange: ASX
Founded: 2005
A$73,742,031
792,925,065
Website: http://www.asfgroupltd.com
Address: ASF Group Limited
3B Macquarie Street,
Suite 2,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AFA Ordinary Shares Australian Securities Exchange AU AUD 29. Jan 2008
CHIA AFA Ordinary Shares Chi-X Australia AU AUD 29. Jan 2008
Number of employees
Current staff
Staff numbers
0
ASF Group employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 10:38
End of day share price update: 2020/02/26 00:00
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.