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- Afrimat
Afrimat Valuation Multiples
Discover revenue and EBITDA valuation multiples for Afrimat and similar public comparables like Evropi Holdings, Henry Boot, CIEL, Matrix Service and more.
Afrimat Overview
About Afrimat
Afrimat Ltd is a South Africa-based company. It operates in Five segments: Construction Materials, which comprises aggregates, concrete-based products, and contracting operations; Industrial Minerals segment consists mainly of the sale of limestone, dolomite, and industrial sand; Bulk Commodities segment includes iron ore and anthracite; Services segment consists of Group shared services including IT services, consulting services, and Future Materials, and Metalsetc comprises phosphate. The phosphates are graded according to high, medium, or low. It operates in a single geographical segment, which is the African region.
Founded
2006
HQ

Employees
3.8K
Website
Financials (LTM)
EV
$458M
Afrimat Financials
Afrimat reported last 12-month revenue of $659M and EBITDA of $144M.
In the same LTM period, Afrimat generated $99M in gross profit, $144M in EBITDA, and $73M in net income.
Afrimat P&L
In the most recent fiscal year, Afrimat reported revenue of $486M and EBITDA of $76M.
Afrimat expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $659M | XXX | $486M | XXX | XXX | XXX |
| Gross Profit | $99M | XXX | $88M | XXX | XXX | XXX |
| Gross Margin | 15% | XXX | 18% | XXX | XXX | XXX |
| EBITDA | $144M | XXX | $76M | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 16% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $73M | XXX | $22M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $86M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Afrimat Stock Performance
Afrimat has current market cap of $326M, and enterprise value of $458M.
Afrimat's stock price is $2.14.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $458M | $326M | — | XXX | XXX | XXX | $0.15 |
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Start Free TrialAfrimat Valuation Multiples
Afrimat trades at 0.7x EV/Revenue multiple, and 3.2x EV/EBITDA.
Afrimat Financial Valuation Multiples
As of March 29, 2026, Afrimat has market cap of $326M and EV of $458M.
Equity research analysts estimate Afrimat's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Afrimat has a P/E ratio of 4.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $326M | XXX | $326M | XXX | XXX | XXX |
| EV (current) | $458M | XXX | $458M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 3.2x | XXX | 6.1x | XXX | XXX | XXX |
| EV/EBIT | 4.6x | XXX | 10.5x | XXX | XXX | XXX |
| EV/Gross Profit | 4.6x | XXX | 5.2x | XXX | XXX | XXX |
| P/E | 4.5x | XXX | 14.6x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (23.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Afrimat Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Afrimat Margins & Growth Rates
Afrimat's revenue in the last 12 month grew by 7%.
Afrimat's revenue per employee in the last FY averaged $0.2M.
Afrimat's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Afrimat's rule of X is 38% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Afrimat Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 35% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 90% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 38% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 14% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Afrimat Public Comps
See public comps and valuation multiples for other Construction & Engineering and Diversified Industrials comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Evropi Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Henry Boot | XXX | XXX | XXX | XXX | XXX | XXX |
| CIEL | XXX | XXX | XXX | XXX | XXX | XXX |
| Matrix Service | XXX | XXX | XXX | XXX | XXX | XXX |
| Compagnie d'Entreprises CFE | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Afrimat M&A Activity
Afrimat acquired XXX companies to date.
Last acquisition by Afrimat was on XXXXXXXX, XXXXX. Afrimat acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Afrimat
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAfrimat Investment Activity
Afrimat invested in XXX companies to date.
Afrimat made its latest investment on XXXXXXXX, XXXXX. Afrimat invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Afrimat
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Afrimat
| When was Afrimat founded? | Afrimat was founded in 2006. |
| Where is Afrimat headquartered? | Afrimat is headquartered in South Africa. |
| How many employees does Afrimat have? | As of today, Afrimat has over 3K employees. |
| Is Afrimat publicly listed? | Yes, Afrimat is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of Afrimat? | Afrimat trades under AFT ticker. |
| When did Afrimat go public? | Afrimat went public in 2006. |
| Who are competitors of Afrimat? | Afrimat main competitors are Evropi Holdings, Henry Boot, CIEL, Matrix Service. |
| What is the current market cap of Afrimat? | Afrimat's current market cap is $326M. |
| What is the current revenue of Afrimat? | Afrimat's last 12 months revenue is $659M. |
| What is the current revenue growth of Afrimat? | Afrimat revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Afrimat? | Current revenue multiple of Afrimat is 0.7x. |
| Is Afrimat profitable? | Yes, Afrimat is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Afrimat? | Afrimat's last 12 months EBITDA is $144M. |
| What is Afrimat's EBITDA margin? | Afrimat's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Afrimat? | Current EBITDA multiple of Afrimat is 3.2x. |
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