ASF Group Limited (AFA) AI Stock Analysis

• Market Cap: AU$4.75M
• Dividend Yield: N/A
• Average Volume (3M): 845.00
• Price to Earnings (P/E): ―
• Beta (1Y): -1.70
• Revenue Growth: 136.02%
• EPS Growth: -22.11%
• Country: AU
• Employees: 3
• Sector: Financial
• Sector Strength: 74
• Industry: Financial - Capital Markets
• EPS (TTM): -0.01
• Shares Outstanding: 792,397,500
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 845
• PEG Ratio: 0.09
• Price to Book (P/B): 7.45
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: ―

ASF Group Limited's overall stock score is driven by significant financial difficulties, with persistent losses and negative equity raising concerns about its financial health. Technical analysis is limited due to a lack of data, but the low beta indicates reduced volatility. The poor valuation, highlighted by a negative P/E ratio and lack of dividend yield, further impacts the score. These factors collectively result in a low overall score, reflecting considerable risk and limited appeal to investors.

ASF Group Limited Business Overview & Revenue Model

Company Description

ASF Group Limited (AFA) is an investment and trading company based in Australia. The company primarily operates in sectors including resources, property, infrastructure, and technology. ASF Group engages in strategic investments and joint ventures, focusing on creating value through its diverse portfolio and leveraging opportunities in the Asia-Pacific region.

How the Company Makes Money

ASF Group Limited generates revenue through its strategic investments and partnerships across its core sectors. The company invests in resource projects, property development, and infrastructure initiatives, often collaborating with key partners to enhance project potential and returns. Its revenue streams include income from property sales and leases, returns on investments in resource projects, and earnings from joint ventures and partnerships in technology and infrastructure. The company's focus on the Asia-Pacific region allows it to capitalize on market opportunities and economic growth in this area, contributing to its earnings.

ASF Group Limited Financial Statement Overview

Summary

ASF Group Limited is facing significant financial challenges across all key financial statements. The income statement shows persistent losses and declining revenues. The balance sheet reveals negative equity and high leverage, posing financial stability risks. Cash flow analysis indicates a lack of cash generation from operations and declining free cash flow, further highlighting the company's financial difficulties.

Income Statement

The company has experienced declining revenues over the past few years, with the latest annual revenue dropping significantly. The gross profit margin is negative, indicating cost of goods sold exceeds total revenue. Net profit margin is also deeply negative, reflecting substantial losses. The company's EBIT and EBITDA margins are negative, highlighting operational inefficiencies and a lack of profitability.

Balance Sheet

The company's financial health is concerning, with a negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio is not meaningful due to negative equity, but the high total debt level suggests potential leverage risks. Return on Equity is negative, reflecting consistent net losses. The equity ratio is negative, indicating financial instability.

Cash Flow

The company faces challenges with negative operating and free cash flows, indicating insufficient cash generation from operations to cover capital expenditures. Free cash flow declined over the previous year, and the operating cash flow to net income ratio is negative due to consistent losses.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
263.76K	703.00K	976.00K	2.20M	1.53M	4.34M
	Gross Profit
-1.02M	-505.00K	1.00K	1.26M	1.15M	4.05M
	EBIT
-3.98M	-4.70M	-6.43M	-2.49M	-2.29M	-2.99M
	EBITDA
-4.15M	-4.91M	-9.39M	-2.23M	-1.12M	-2.81M
	Net Income Common Stockholders
-9.19M	-9.29M	-11.54M	-4.06M	-3.23M	-5.95M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.67M	1.33M	2.10M	4.41M	4.04M	3.83M
	Total Assets
8.15M	8.74M	13.03M	20.05M	20.72M	22.96M
	Total Debt
38.22M	35.03M	28.98M	24.41M	20.65M	19.32M
	Net Debt
36.55M	33.70M	26.89M	20.00M	16.61M	15.49M
	Total Liabilities
39.09M	35.97M	30.36M	24.89M	21.02M	19.80M
	Stockholders Equity
-27.53M	-24.20M	-14.94M	-3.02M	1.05M	4.40M
Cash Flow		Free Cash Flow
-2.13M	-3.28M	-4.01M	-1.45M	-2.44M	-1.82M
	Operating Cash Flow
-2.09M	-3.19M	-3.98M	-1.20M	-2.36M	-1.56M
	Investing Cash Flow
-106.41K	-114.00K	74.00K	-144.00K	1.28M	2.27M
	Financing Cash Flow
3.89M	2.51M	2.01M	1.71M	1.34M	-1.81M

ASF Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EMR	76 Outperform	AU$3.00B	30.90	18.72%	―	25.93%	-2.18%
Sector *	64 Neutral	$12.86B	9.79	7.84%	78.10%	12.05%	-7.99%
MEI	54 Neutral	AU$292.11M	―	-139.84%	―	―	50.28%
RBR	43 Neutral	AU$2.58M	―	-675.38%	―	-92.81%	―
SRK	43 Neutral	AU$9.08M	8.51	27.24%	―	―	―
AFA	39 Underperform	AU$4.75M	―		―	136.02%	-22.11%

ASF Group Limited Corporate Events

ASF Group Limited Appoints New Auditor

ASF Group Limited has announced a change in its auditing firm, appointing Wis Audit Pty Ltd as the new auditor following the resignation of Nexia Sydney Audit Pty Ltd. This decision was made after a review of external audit arrangements and commercial terms, and will be proposed for ratification at the next Annual General Meeting. The change is part of ASF’s ongoing efforts to optimize its operations and maintain strong governance practices.

ASF Group Limited Reports Quarterly Cash Flow and Financing Update

ASF Group Limited reported a net cash outflow from operating activities of $620,000 for the current quarter, indicating a challenging financial period with significant expenses in staff and corporate costs. The company managed to secure $900,000 from financing activities, which helped offset the cash outflows from operations and investments, reflecting its ongoing efforts to maintain liquidity and support its strategic initiatives.

ASF Group Limited Achieves Debt-Free Status

ASF Group Limited has announced that it has become debt-free following the execution of a Debt to Equity Conversion Deed with Star Diamond Developments Limited. This agreement converts all outstanding loans, including accrued interests, into equity of ASF Resources Pty Ltd, a subsidiary of ASF. This move discharges approximately $22 million in loans and restructures the board of ASF Resources. The announcement strengthens ASF’s financial position and could enhance its strategic operations in the resources sector, particularly in the Dawson West coal project in Queensland.