Afentra (AET) AI Stock Analysis

• Market Cap: £86.39M
• Dividend Yield: N/A
• Average Volume (3M): 570.32K
• Price to Earnings (P/E): 3.1
• Beta (1Y): 1.27
• Revenue Growth: 50.35%
• EPS Growth: 48.07%
• Country: UK
• Employees: 13
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.02
• Shares Outstanding: 226,155,990
• 10 Day Avg. Volume: 543,462
• 30 Day Avg. Volume: 570,322
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 0.72
• P/FCF Ratio: 2.00
• 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: £96.00
• Price Target Upside: 128.57% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 9.7
• Revenue Forecast (FY): £10.04B

• Rating: 76 Outperform
• Price Target: 44.00p ▲(4.76% Upside)

Afentra's overall stock score is driven by its strong financial performance and attractive valuation, indicating a solid investment potential. However, technical analysis suggests caution due to bearish momentum. The company's strategic initiatives and corporate events further bolster its growth prospects, contributing positively to the score.

Positive Factors

Revenue Growth

The substantial revenue growth indicates strong market demand and effective asset development, positioning Afentra well for future expansion.

Cash Flow Strength

Robust cash flow supports reinvestment and debt management, enhancing financial stability and flexibility for strategic initiatives.

Margin Sustainability

High profit margins reflect efficient cost management and operational efficiency, contributing to sustainable profitability.

Negative Factors

Liability Increase

Rising liabilities could strain financial resources and limit flexibility, posing risks to long-term financial health if not managed carefully.

Leverage Concerns

While currently manageable, leverage levels require ongoing attention to avoid potential financial strain as the company grows.

Employee Count

A small workforce may limit operational capacity and scalability, potentially impacting the ability to manage larger projects or expansions.

Afentra Business Overview & Revenue Model

Company Description

Afentra (AET) is an independent oil and gas company focused on acquiring and developing oil and gas assets in Africa. With a strategic emphasis on the exploration and production of hydrocarbons, Afentra operates primarily in the upstream sector, targeting regions with significant growth potential. The company aims to leverage its expertise to increase production and enhance asset value through efficient operational management and strategic partnerships.

How the Company Makes Money

Afentra generates revenue primarily through the exploration and production of oil and gas. The company makes money by selling crude oil and natural gas that it extracts from its licensed fields. Its revenue model is centered on the successful acquisition of oil and gas assets, followed by the efficient management and development of these assets to maximize production output. Key revenue streams include direct sales of hydrocarbons, potential joint ventures with larger oil companies for resource development, and strategic partnerships that enhance operational capabilities and access to markets. Additionally, Afentra may benefit from favorable commodity pricing, government incentives, and cost efficiencies in its operations, all contributing to its overall earnings.

Afentra Financial Statement Overview

Summary

Afentra's financial performance in 2024 reflects a transformative phase with substantial revenue and profit growth, improved margins, and a strong cash flow position. The company has achieved a sound balance between growth and financial stability. While the increase in liabilities requires attention, the overall outlook is positive, with continued focus on maintaining operational efficiency and managing leverage effectively.

Income Statement

Afentra has shown remarkable growth in total revenue, with a significant increase from $26.39 million in 2023 to $180.86 million in 2024. The company also achieved a strong net profit margin of 28.94% and a gross profit margin of 47.97% in 2024, indicating efficient cost management. The EBIT and EBITDA margins are robust at 41.18% and 47.82%, respectively, showcasing operational efficiency. The transition from losses in previous years to substantial profitability highlights a positive trajectory.

Balance Sheet

Afentra maintains a healthy balance sheet with a Debt-to-Equity ratio of 0.43, indicating manageable leverage levels. The company has strengthened its equity position, with Stockholders' Equity growing to $98.63 million in 2024, and an Equity Ratio of 43.52% suggests a solid capital structure. However, the increase in total liabilities may warrant close monitoring to prevent potential risks.

Cash Flow

The cash flow position of Afentra is strong, with a significant free cash flow of $64.98 million in 2024, growing substantially from $8.96 million in 2023. The Operating Cash Flow to Net Income Ratio of 1.63 indicates efficient cash generation relative to net income. The company has demonstrated strong free cash flow generation, supporting potential reinvestment and debt management strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	161.74M	180.86M	26.39M	0.00	0.00	0.00
Gross Profit	68.92M	86.74M	13.82M	-3.49K	-2.73K	-1.22K
EBITDA	74.29M	86.45M	3.57M	-8.64M	-4.71M	-2.17M
Net Income	32.10M	52.35M	-2.71M	-9.20M	-5.04M	-1.96M
Balance Sheet
Total Assets	225.89M	226.61M	210.63M	52.87M	60.03M	64.92M
Cash, Cash Equivalents and Short-Term Investments	14.07M	46.88M	14.73M	20.38M	37.73M	42.67M
Total Debt	37.11M	42.20M	31.86M	337.00K	581.00K	786.00K
Total Liabilities	121.12M	127.98M	162.66M	3.06M	1.14M	1.03M
Stockholders Equity	104.77M	98.63M	47.97M	49.81M	58.89M	63.89M
Cash Flow
Free Cash Flow	32.49M	64.98M	8.96M	-6.86M	-4.71M	-2.25M
Operating Cash Flow	42.80M	85.59M	12.32M	-6.70M	-4.50M	-2.15M
Investing Cash Flow	-26.78M	-53.55M	-45.90M	-10.28M	-194.00K	224.00K
Financing Cash Flow	46.50K	93.00K	27.95M	-225.00K	-273.00K	-283.00K

Afentra Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 42.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AET, the sentiment is Negative. The current price of 42 is above the 20-day moving average (MA) of 39.12, below the 50-day MA of 42.40, and below the 200-day MA of 44.63, indicating a bearish trend. The MACD of -1.34 indicates Negative momentum. The RSI at 43.73 is Neutral, neither overbought nor oversold. The STOCH value of 37.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:AET.

Afentra Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AET	76 Outperform	£86.39M	3.08	42.05%	―	50.35%	48.07%
PHAR	66 Neutral	£83.33M	20.40	1.91%	6.34%	-9.43%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SAVE	64 Neutral	£122.01M	1.03	34.81%	―	7.74%	―
JSE	54 Neutral	£116.34M	7.65	56.01%	―	4.56%	―
ZPHR	53 Neutral	£54.62M	-2.00	-50.13%	―	-35.06%	-550.00%
KIST	44 Neutral	£153.30M	-4.21	-92.03%	―	-16.87%	21.18%

Afentra Corporate Events

Afentra Reports Strategic Progress and Financial Stability in 2025 Update

Afentra plc has announced several operational and financial updates, including the award of the Block 3/24 license with a 40% interest, and progress in the acquisition of Etu Energias, expected to complete in early 2026. The company reported stable production and significant revenue from crude oil sales, alongside strategic investments in infrastructure and drilling preparations. The updates indicate Afentra’s commitment to enhancing its production profile and presence in Angola, with plans for increased recovery and production growth. The appointment of Andrew Osborne as a Non-Executive Director and Chair of the Audit Committee further strengthens the company’s governance framework.

Afentra Announces Director-Related Share Purchase

Afentra plc announced a transaction involving the purchase of 225,000 ordinary shares by Acorn Investment Management, a person closely associated with Andrew Osborne, a Non-Executive Director of the company. This transaction, conducted on the London Stock Exchange AIM market, reflects internal dealings that may impact investor perceptions and stakeholder confidence in the company’s governance and market activities.

Afentra Strengthens Leadership with New Audit Chair Appointment

Afentra plc has appointed Andrew Osborne as an Independent Non-Executive Director and Chair of the Audit Committee, effective November 10, 2025. Osborne, with over 30 years of experience in the oil and gas sector, brings significant financial and governance expertise, which is expected to enhance Afentra’s governance framework and support its strategic focus on value-accretive opportunities in Africa.

Afentra Secures Operatorship of Offshore Block 3/24 in Angola

Afentra plc has received formal approval for the Risk Service Contract for offshore Block 3/24 in Angola, marking its first offshore operatorship. The block, adjacent to Afentra’s existing interests, contains five established discoveries and offers significant development and exploration potential. Afentra will operate with a 40% interest, alongside partners Maurel & Prom Angola S.A.S. and Sonangol E&P. This development aligns with Afentra’s strategy to expand its production business in Angola, leveraging existing infrastructure for low-cost, short-cycle developments.

Afentra Expands Angolan Portfolio with Strategic Acquisitions and Operatorship

Afentra plc announced its half-year results for 2025, highlighting significant strategic progress in expanding its portfolio in Angola. The company signed agreements to increase its interests in Blocks 3/05 and 3/05A and was awarded its first offshore operatorship in Block 3/24. Afentra reported stable production and financial performance, with a 140% reserve replacement ratio and a revenue of $52 million. The developments in Angola, including new licenses and infrastructure upgrades, position Afentra for future growth and value creation for shareholders.