Alexforbes, formerly known as the Alexander Forbes Group Holdings, is South Africa’s biggest pension fund administrator. Based in Johannesburg, the company is listed on the Johannesburg Stock Exchange as AFH (JSE:AFH) since 2014. For interested investors, the current Alex Forbes share price ranges between R7.16 and R7.35 with an average daily trading volume of 451, 133.
Below, we discuss in-depth the Alexforbes share price data, analysis, forecast, financial health, and other related news.
Alex forbes share price data
As of writing, Alexforbes has a market capitalization of ZAR 9,731,177,189 with a price-to-earnings (P/E) ratio of 13.5 and an earnings per share trailing twelve months (EPS/TTM) of 54.3
The 52-wk price range is between R7.16 and R7.35 with a dividend yield of 7.09%.
Refer to the table below.
| Market capitalization | 9,731,177,189 |
|---|---|
| P/E ratio | 13.5 |
| EPS-TTM | 54.3 |
| Dividend yield | 7.09% |
| 52-wk price range | R7.16 – R7.35 |
| Authorized shares | 2.5 billion |
| Issued shares | 1,327,582,154 |
Alexforbes financial health
AlexForbes reported a financially productive year in fiscal year 2024. Most financial indicators are on the green, such as a 12% increase in operating income to R3,905 million, and a 29% increase in headline earnings per share up to 61.5% cents per share.
Alexforbes was able to deliver consistent and solid financial results throughout 2024. Investors will be thrilled to know that the financial service announced a 19% year-on-year increased on the total annual dividend, and recorded impressive growth in net revenue, increased by 12% to R3905 million.
In their 2024 Integrated Report, Alexforbes reported a special dividend of 60 cents per share, distributing a further R778 million in available cash to shareholders.
Over the past three years, Alexforbes has acquired six businesses. Most recently, the acquisition of the TSA Administration and the OUTvest for digital wealth management.
Relationship with shareholders
Shareholders of Alexforbes have consistently expressed confidence in the group. The group regularly hosts formal meetings, requested engagements, and hold bi-yearly analyst representations.
As of writing, the top shareholders of Alexforbes are the following:
| ARC Financial Services Investments | 39.9% |
|---|---|
| Marsh & McLennan Companies | 14.8% |
| Visio Capital Management | 6.9% |
| Public Investment Corporation | 6.0% |
| Abax Investments | 4.6% |
| Coronation Fund Managers | 3.4% |
| The Vanguard Group | 1.7% |
| Dimensional Fund Advisors | 1.3% |
| Kagiso Asset Management | 1.1% |
These shareholders collectively hold a significant portion of Alexforbes’ shares and reflects a mix of institutional investors and asset management firms.
Alexforbes forecast
In the near future, Alexforbes is intent on focusing to adjusting to new policies and regulatory frameworks regarding the two-pot retirement system.
Much of the work put on the fourth quarter 2024 was focused on adjusting to the new retirement system officially implemented in September. The financial service declared that they were “well prepared to provide accurate information, digital transactability and standardized counselling to enable better financia decision-making.”
Branches across South Africa have also invested in gearing up operations, ramped up digital services and infrastructure, and increased call centers and walk-in facilities.
Read more: Everything You Need to Know About Section 205 Digital Subpoena
While the group reported significantly positive results in 2024, they have also outlined material risks. These risks could potentially be catastrophic if not addressed properly.
These risks include cyber attacks, operational breakdowns, deteriorating employee well-being, fraud and bribery, macroeconomic trends, and failure of third-party providers.
Alexforbes was able to enumerate strategic defenses against these risks such as investments in cybersecurit, adjustments on employee workload, investment in forensic specialists, revenue diversification, and stricter due diligence processes.
What is Alexforbes?
Alexforbes is a diversified financial services company based in South Africa. It has been a leader in the industry for over 86 years.
Its history dates back to the first insurance agencies in South Africa in 1935. The group provides financial services mainly to South Africans, but has expanded business to Botswana, the Channel Islands, Namibia, and Nigeria. At present, the group serves over 1.1 million members.
Alexforbes employs more than 2700 employees, and was recognized as the Top Employer in South Africa, Namibia, and Botswana.
What does Alexforbes do?
Alexforbes provides independent financial advice and solutions. The group provides financial advice and consultation to retirees, administrators, private individuals, and multinational companies.
The group has five major business lines, these include retirement consulting, healthcare consulting, investments, individual consulting, and impact advisory.
How to invest in Alexforbes shares in 2024?
Find a broker that offers access to JSE. Selecting the right broker is crucial when you want to start investing. Find one that is compatible with how you want to invest.
Review the broker’s trading conditions. Research and consult other investors to avoid brokers that may exploit your capital. If possible, join a verified community of traders such as CommuniTrade to find the right brokers and help you make favorable decisions.
Open an investment account. Register and verify your account. This gives you a convenient way to view and buy stocks via your broker’s website.
Select “AFH” as the purchase you want to buy. Alexforbes is listed as AFH on the Johannesburg Stock Exchange (JSE:AFH).
Identify the right order. Stocks come in order types. Your account will allow you to view which orders your broker offers.
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