AECI (AFE.JO) Stock Price

AECI Price

🇿🇦JSE·CLOSED
12,554.00ZAR
Market closed
Today +/-
Today %

AECI (AFE.JO) Stock | ISIN ZAE000000220 | WKN 863727. The current AECI stock price is 12,554 ZAR (2026). Revenue is 34.44 B ZAR. Net income is 1.75 B ZAR. The P/E ratio is 756.99. Market capitalization is 1.32 T ZAR. AECI operates in the Commodities sector.

Revenue has compounded at 7.3% per year over the past 19 years to 33.6 B ZAR. Earnings per share have grown at 5.4% per year over the last 18 years. AECI's net margin stands at -0.8%, down from 0.6% several years earlier. AECI currently offers a dividend yield of about 0.01%. The payout ratio is around 109% of earnings.

AECI stock price

Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of AECI over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how AECI stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing AECI's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

AECI Stock Price History
DateAECI Price
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AECI Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
8.77 B ZAR
867 M ZAR
486 M ZAR
Jan 1, 2006
10.21 B ZAR
1.43 B ZAR
916 M ZAR
Jan 1, 2007
8.52 B ZAR
823 M ZAR
455 M ZAR
Jan 1, 2008
12.88 B ZAR
965 M ZAR
385 M ZAR
Jan 1, 2009
10.71 B ZAR
767 M ZAR
420 M ZAR
Jan 1, 2010
11.57 B ZAR
1.06 B ZAR
600 M ZAR
Jan 1, 2011
13.4 B ZAR
1.32 B ZAR
777 M ZAR
Jan 1, 2012
14.92 B ZAR
1.34 B ZAR
630 M ZAR
Jan 1, 2013
15.94 B ZAR
1.4 B ZAR
946 M ZAR
Jan 1, 2014
16.9 B ZAR
1.6 B ZAR
1.1 B ZAR
Jan 1, 2015
18.45 B ZAR
1.7 B ZAR
1.01 B ZAR
Jan 1, 2016
18.6 B ZAR
1.34 B ZAR
777 M ZAR
Jan 1, 2017
18.48 B ZAR
1.58 B ZAR
950 M ZAR
Jan 1, 2018
23.31 B ZAR
2 B ZAR
990 M ZAR
Jan 1, 2019
24.8 B ZAR
2.03 B ZAR
1.29 B ZAR

AECI Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 25, 2026, 1:52 AM
 
REVENUE (B ZAR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B ZAR)
NET INCOME (B ZAR)
NET INCOME GROWTH (%)
DIV. (ZAR)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
202020212022202320242025e2026e2027e
24.1126.0535.5834.9433.634.5534.4437.25
-2.778.0536.58-1.8-3.852.83-0.318.15
33.0131.327.6730.5232.0631.1731.2728.91
7.968.169.8510.6710.7710.7710.7710.77
0.131.190.931.17-0.281.331.752.09
-89.7792.48-21.926.65-124.11-568.5531.919.44
5.146.56.996.82.383.1923.3424.76
-1.5326.467.54-2.72-6534.03631.666.08
109.98106.76106.11105.52105.52105.52105.52105.52
––––––––
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales AECI generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue AECI retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare AECI's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares AECI has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against AECI's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

AECI stock margins

The AECI margin analysis displays the gross margin, EBIT margin, as well as the profit margin of AECI. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for AECI.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
33.98 %
9.89 %
5.54 %
Jan 1, 2006
32.03 %
13.99 %
8.97 %
Jan 1, 2007
32.06 %
9.66 %
5.34 %
Jan 1, 2008
32.06 %
7.49 %
2.99 %
Jan 1, 2009
32.06 %
7.16 %
3.92 %
Jan 1, 2010
31.88 %
9.18 %
5.19 %
Jan 1, 2011
33.36 %
9.82 %
5.8 %
Jan 1, 2012
31.25 %
8.99 %
4.22 %
Jan 1, 2013
33.38 %
8.77 %
5.93 %
Jan 1, 2014
32.16 %
9.44 %
6.48 %
Jan 1, 2015
33.39 %
9.23 %
5.46 %
Jan 1, 2016
32.45 %
7.18 %
4.18 %
Jan 1, 2017
33.65 %
8.54 %
5.14 %
Jan 1, 2018
33.4 %
8.57 %
4.25 %
Jan 1, 2019
33.48 %
8.19 %
5.21 %

AECI Stock Revenue, EBIT, Earnings per Share

The AECI earnings per share therefore indicates how much revenue AECI has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
78.29 ZAR
7.74 ZAR
4.34 ZAR
Jan 1, 2006
91.18 ZAR
12.76 ZAR
8.18 ZAR
Jan 1, 2007
76.77 ZAR
7.41 ZAR
4.1 ZAR
Jan 1, 2008
119.22 ZAR
8.94 ZAR
3.56 ZAR
Jan 1, 2009
100.08 ZAR
7.17 ZAR
3.93 ZAR
Jan 1, 2010
107.12 ZAR
9.83 ZAR
5.56 ZAR
Jan 1, 2011
125.21 ZAR
12.3 ZAR
7.26 ZAR
Jan 1, 2012
127.49 ZAR
11.46 ZAR
5.38 ZAR
Jan 1, 2013
132.85 ZAR
11.65 ZAR
7.88 ZAR
Jan 1, 2014
143.35 ZAR
13.54 ZAR
9.29 ZAR
Jan 1, 2015
162.3 ZAR
14.98 ZAR
8.86 ZAR
Jan 1, 2016
172.24 ZAR
12.36 ZAR
7.2 ZAR
Jan 1, 2017
167.18 ZAR
14.28 ZAR
8.59 ZAR
Jan 1, 2018
213.96 ZAR
18.35 ZAR
9.09 ZAR
Jan 1, 2019
226.46 ZAR
18.55 ZAR
11.79 ZAR

AECI business model & stock analysis

AECI Ltd is a South African company that was originally involved in mining but has diversified over the years to become a conglomerate operating in various industries. The company was founded in 1924 and is headquartered in Sandton, Johannesburg. The company started as African Explosives and Chemical Industries Limited, focusing on the production of explosives for the mining industry. Over the years, AECI expanded into other areas including chemicals, water treatment, and crop protection. In the 1990s, AECI established its own investment division and began investing in other companies operating in its diversified business segments. AECI operates through four main business segments: Mining Solutions, Water, Chemicals, and Property. The company produces and markets a variety of products and services within these areas. AECI continually seeks to optimize its business segments to gain competitive advantages and drive growth. Mining Solutions is one of AECI's largest business segments, offering products and services that cater to the needs of the mining industry in Africa. This includes high-quality explosives, accessories, and blasting services. The company also provides drilling equipment, grouting equipment, and solutions for optimizing mining operations. Water is a scarce resource but also an essential need for people to live. AECI's Water segment offers a wide range of products and services tailored to the needs of industry, commerce, and households. This includes water treatment, filtration media, water treatment chemicals, and technologies related to water treatment and recycling. In the Chemicals segment, AECI produces a wide range of chemical products such as furfuryl alcohol, organic pigments, specialty chemicals, polymers, and metal chemicals. These chemicals are used in various industries including construction, automotive, printing, paper manufacturing, textile production, and electronics. AECI also had extensive securities and assets, which it consolidated under the Property segment. These assets include industrial and commercial properties in the southern part of Johannesburg that are leased and managed by AECI. Innovation and sustainability are central to AECI. The company pursues sustainable business practices and strives to offer its products and services in an environmentally and resource-friendly manner. In conclusion, AECI has undergone continuous growth and significant transformation over the past decades. It is now a diversified conglomerate with a wide portfolio of products and services across different industries, including mining, water, chemicals, and property. AECI has a long history of innovation and sustainability to gain competitive advantages in the various industries it operates in. This commitment to excellence has helped establish AECI as one of the leading companies in South Africa and the African continent as a whole.

AECI SWOT Analysis

Strengths

AECI Ltd has several strengths that contribute to its competitive advantage in the market. These strengths include:

  • Strong market position: AECI Ltd has established itself as a leading company in the industry, with a significant market share and a wide customer base.
  • Diverse product portfolio: The company offers a diverse range of products, including chemicals, fertilizers, and explosives, catering to different industries and market segments.
  • Robust research and development capabilities: AECI Ltd invests in R&D activities to develop innovative products and solutions, enhancing its ability to meet specific customer needs.
  • Strong brand reputation: The company has built a strong brand reputation over the years, known for its quality products and reliable customer service.
  • Well-established distribution network: AECI Ltd has a widespread and efficient distribution network, ensuring timely delivery of products to customers across various regions.

Weaknesses

Despite its strengths, AECI Ltd also faces certain weaknesses that may hinder its growth and performance. These weaknesses include:

  • High dependency on the South African market: A significant portion of AECI Ltd's revenue is generated from the South African market, making the company vulnerable to economic fluctuations and regulatory changes in the country.
  • Reliance on external suppliers: AECI Ltd relies on external suppliers for raw materials, which exposes the company to supply chain risks and potential price fluctuations.
  • Limited geographic presence: Although the company operates internationally, its geographic presence is not as widespread as some of its competitors, limiting its market reach and growth opportunities in certain regions.

Opportunities

AECI Ltd can leverage various opportunities to expand its business and increase its market share. These opportunities include:

  • Emerging markets: The company can target emerging markets with growing industrial sectors, such as Asia and Africa, to diversify its revenue streams.
  • Increasing demand for sustainable solutions: AECI Ltd can capitalize on the rising demand for environmentally friendly and sustainable products by developing and promoting eco-friendly alternatives.
  • Strategic partnerships and acquisitions: The company can explore strategic partnerships and acquisitions to enhance its capabilities, enter new markets, and expand its product portfolio.

Threats

AECI Ltd faces certain threats that could negatively impact its business operations and financial performance. These threats include:

  • Intense competition: The industry is highly competitive, with both domestic and international players vying for market share, which may put pressure on pricing and margins.
  • Regulatory and environmental challenges: Compliance with stringent regulations and environmental standards can increase costs and pose challenges to the company's operations.
  • Volatility in raw material prices: Sudden fluctuations in the prices of raw materials can impact AECI Ltd's profitability and ability to offer competitive pricing.
  • Global economic uncertainties: Economic uncertainties, such as recessions or geopolitical tensions, can affect the demand for AECI Ltd's products and overall market conditions.

AECI Eulerpool Fair Value

AECI historical P/E ratio, EBIT multiple, and P/S ratio

AECI annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

AECI shares outstanding

The number of shares was AECI in 2025 — This indicates how many shares 105.518 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
112 M base_Shares
Jan 1, 2006
112 M base_Shares
Jan 1, 2007
111 M base_Shares
Jan 1, 2008
108 M base_Shares
Jan 1, 2009
107 M base_Shares
Jan 1, 2010
108 M base_Shares
Jan 1, 2011
107 M base_Shares
Jan 1, 2012
117 M base_Shares
Jan 1, 2013
120 M base_Shares
Jan 1, 2014
117.92 M base_Shares
Jan 1, 2015
113.66 M base_Shares
Jan 1, 2016
107.97 M base_Shares
Jan 1, 2017
110.55 M base_Shares
Jan 1, 2018
108.97 M base_Shares
Jan 1, 2019
109.51 M base_Shares

AECI Dividend History

36 years of dividend payments

YearAnnual DividendYoY ChangePayments
20253.19ZAR↑ 168.1%2×
Apr 9, 20252.19ZAR↑ 84.0%1/2
Aug 27, 20251ZAR↓ 54.3%2/2
20241.19ZAR↓ 82.5%1×
20236.8ZAR↓ 2.7%2×
20226.99ZAR↑ 7.5%2×
20216.5ZAR↑ 26.5%2×
20205.14ZAR↓ 1.5%2×
20195.22ZAR↑ 6.7%2×
20184.89ZAR↑ 11.6%2×
20174.38ZAR↑ 10.9%2×
20163.95ZAR↓ 45.5%2×

AECI dividend history and estimates

In 2025, AECI paid a dividend amounting to 3.19 ZAR. Dividend means that AECI distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2005
1.48 ZAR
0 ZAR
0 ZAR
Jan 1, 2006
1.85 ZAR
0 ZAR
0 ZAR
Jan 1, 2007
2.13 ZAR
0 ZAR
0 ZAR
Jan 1, 2008
2.31 ZAR
0 ZAR
0 ZAR
Jan 1, 2009
1.69 ZAR
0 ZAR
0 ZAR
Jan 1, 2010
1.32 ZAR
0 ZAR
0 ZAR
Jan 1, 2011
2.13 ZAR
0 ZAR
0 ZAR
Jan 1, 2012
2.57 ZAR
0 ZAR
0 ZAR
Jan 1, 2013
2.9 ZAR
0 ZAR
0 ZAR
Jan 1, 2014
3.25 ZAR
0 ZAR
0 ZAR
Jan 1, 2015
7.25 ZAR
0 ZAR
3.75 ZAR
Jan 1, 2016
3.95 ZAR
0 ZAR
0 ZAR
Jan 1, 2017
4.38 ZAR
0 ZAR
0 ZAR
Jan 1, 2018
4.89 ZAR
0 ZAR
0 ZAR
Jan 1, 2019
5.22 ZAR
0 ZAR
0 ZAR

AECI dividend payout ratio

In 2025, AECI had a payout ratio of 125.53%. The payout ratio indicates the percentage of the company's profits that AECI distributes as dividends.

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
34.1 %
Jan 1, 2006
22.59 %
Jan 1, 2007
52.08 %
Jan 1, 2008
64.89 %
Jan 1, 2009
43.11 %
Jan 1, 2010
23.78 %
Jan 1, 2011
29.34 %
Jan 1, 2012
47.86 %
Jan 1, 2013
36.8 %
Jan 1, 2014
34.97 %
Jan 1, 2015
81.83 %
Jan 1, 2016
54.89 %
Jan 1, 2017
50.97 %
Jan 1, 2018
53.82 %
Jan 1, 2019
44.28 %
Price targets and forecasts for AECI are not yet available.

EESG©

Eulerpool ESG Scorecard© for the AECI stock

76/100
61
Environment
88
Social
79
Governance
E

Environment

20
Scope 1 - Direct Emissions213,711
Scope 2 - Indirect emissions from purchased energy226,177
Scope 3 - Indirect emissions within the value chain1,533,299
Total CO₂ emissions439,888
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees24.718
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

AECI shareholder structure

% Name
19.686%
Public Investment Corporation (SOC) Limited
Public Investment Corporation (SOC) Limited
9.61333%
Ninety One SA Pty Ltd.
Ninety One SA Pty Ltd.
9.15098%
PSG Asset Management (Pty) Ltd
PSG Asset Management (Pty) Ltd
5.37%
36ONE Asset Management (Pty) Ltd
36ONE Asset Management (Pty) Ltd
5.15%
Truffle Asset Management (Pty) Limited
Truffle Asset Management (Pty) Limited
4.98507%
Aylett & Company (Pty) Ltd
Aylett & Company (Pty) Ltd
4.44122%
Allan Gray Proprietary Limited
Allan Gray Proprietary Limited
3.87199%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.00997%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
2.95213%
Bateleur Capital (Pty) Ltd.
Bateleur Capital (Pty) Ltd.
...

AECI Executives and Management Board

DM

Mr. Dean Mulqueeny

(56)

Member of the Executive Board

Compensation9.65 M ZAR
DM

Mr. Dean Murray

(54)

Member of the Executive Board

Compensation9.44 M ZAR
CS

Ms. Cheryl Singh

(46)

General Counsel, Group Company Secretary

Compensation7.94 M ZAR
KM

Dr. Khotso Mokhele

(67)

Independent Non-Executive Chairman of the Board

Compensation2.41 M ZAR
WD

Mr. Walter Dissinger

(60)

Independent Non-Executive Director

Compensation2.07 M ZAR

Frequently asked questions about AECI

AECI Ltd operates with a diversified business model. The company primarily focuses on offering innovative solutions in the fields of specialty chemicals, explosives and specialty mining chemicals, plant and animal health, as well as water treatment to various industries. AECI Ltd aims to consistently deliver exceptional products and services that cater to the unique needs of its customers. With a strong emphasis on research and development, AECI Ltd strives to maintain its position as a leading provider of integrated chemical solutions globally.

All fundamentals and in-depth analysis of AECI

Our stock analysis for AECI Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of AECI Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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