AFRICA OIL CORP (AOI.CA) Fundamental Analysis & Valuation

TSX:AOI • CA00829Q1019

1.85 CAD
+0.03 (+1.65%)
Last: Oct 3, 2025, 07:00 PM
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This AOI.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to AOI. AOI was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of AOI have multiple concerns. AOI has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

1

1. AOI.CA Profitability Analysis

1.1 Basic Checks

  • AOI had positive earnings in the past year.
  • In the past year AOI had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: AOI reported negative net income in multiple years.
  • In the past 5 years AOI always reported negative operating cash flow.
AOI.CA Yearly Net Income VS EBIT VS OCF VS FCFAOI.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M

1.2 Ratios

  • The Return On Assets of AOI (-9.23%) is comparable to the rest of the industry.
  • The Return On Equity of AOI (-25.12%) is worse than 64.62% of its industry peers.
Industry RankSector Rank
ROA -9.23%
ROE -25.12%
ROIC N/A
ROA(3y)-14.31%
ROA(5y)-5.12%
ROE(3y)-16.13%
ROE(5y)-6.12%
ROIC(3y)N/A
ROIC(5y)N/A
AOI.CA Yearly ROA, ROE, ROICAOI.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

1.3 Margins

  • The Profit Margin and Operating Margin and Gross Margin are not available for AOI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
AOI.CA Yearly Profit, Operating, Gross MarginsAOI.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024

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3

2. AOI.CA Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for AOI has been reduced compared to 1 year ago.
  • Compared to 5 years ago, AOI has less shares outstanding
  • The debt/assets ratio for AOI is higher compared to a year ago.
AOI.CA Yearly Shares OutstandingAOI.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
AOI.CA Yearly Total Debt VS Total AssetsAOI.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • Based on the Altman-Z score of 0.02, we must say that AOI is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.02, AOI is doing worse than 69.81% of the companies in the same industry.
  • AOI has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.44, AOI perfoms like the industry average, outperforming 50.47% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF N/A
Altman-Z 0.02
ROIC/WACCN/A
WACCN/A
AOI.CA Yearly LT Debt VS Equity VS FCFAOI.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • AOI has a Current Ratio of 1.33. This is a normal value and indicates that AOI is financially healthy and should not expect problems in meeting its short term obligations.
  • AOI has a Current ratio of 1.33. This is in the better half of the industry: AOI outperforms 68.87% of its industry peers.
  • AOI has a Quick Ratio of 1.16. This is a normal value and indicates that AOI is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.16, AOI is in the better half of the industry, outperforming 68.87% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.33
Quick Ratio 1.16
AOI.CA Yearly Current Assets VS Current LiabilitesAOI.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. AOI.CA Growth Analysis

3.1 Past

  • AOI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -71.43%.
  • AOI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -44.07% yearly.
EPS 1Y (TTM)-71.43%
EPS 3Y-44.07%
EPS 5YN/A
EPS Q2Q%100%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-13.48%

3.2 Future

  • The Earnings Per Share is expected to grow by 26.41% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 39.16% on average over the next years. This is a very strong growth
EPS Next Y135.55%
EPS Next 2Y70.09%
EPS Next 3Y26.41%
EPS Next 5YN/A
Revenue Next Year120.95%
Revenue Next 2Y55.72%
Revenue Next 3Y39.16%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
AOI.CA Yearly Revenue VS EstimatesAOI.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
AOI.CA Yearly EPS VS EstimatesAOI.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 0.4

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5

4. AOI.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.82, which indicates a correct valuation of AOI.
  • Compared to the rest of the industry, the Price/Earnings ratio of AOI indicates a somewhat cheap valuation: AOI is cheaper than 64.62% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.46. AOI is valued slightly cheaper when compared to this.
  • AOI is valuated cheaply with a Price/Forward Earnings ratio of 6.52.
  • Based on the Price/Forward Earnings ratio, AOI is valued cheaper than 84.43% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, AOI is valued rather cheaply.
Industry RankSector Rank
PE 16.82
Fwd PE 6.52
AOI.CA Price Earnings VS Forward Price EarningsAOI.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
AOI.CA Per share dataAOI.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5

4.3 Compensation for Growth

  • AOI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • AOI's earnings are expected to grow with 26.41% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y70.09%
EPS Next 3Y26.41%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. AOI.CA Dividend Analysis

5.1 Amount

  • AOI has a Yearly Dividend Yield of 3.61%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 4.17, AOI pays a bit more dividend than its industry peers.
  • AOI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.61%

5.2 History

  • AOI has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
AOI.CA Yearly Dividends per shareAOI.CA Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.01 0.02 0.03 0.04 0.05

5.3 Sustainability

  • The earnings of AOI are negative and hence is the payout ratio. AOI will probably not be able to sustain this dividend level.
DP-4.79%
EPS Next 2Y70.09%
EPS Next 3Y26.41%
AOI.CA Yearly Income VS Free CF VS DividendAOI.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M

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AOI.CA Fundamentals: All Metrics, Ratios and Statistics

AFRICA OIL CORP

TSX:AOI (10/3/2025, 7:00:00 PM)

1.85

+0.03 (+1.65%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-14
Earnings (Next)08-13
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.25B
Revenue(TTM)76.40M
Net Income(TTM)-231.70M
Analysts86.67
Price Target26.28 (1320.54%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.61%
Yearly Dividend0.05
Dividend Growth(5Y)N/A
DP-4.79%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-75.25%
Min EPS beat(2)-100%
Max EPS beat(2)-50.49%
EPS beat(4)1
Avg EPS beat(4)-57.92%
Min EPS beat(4)-100%
Max EPS beat(4)18.81%
EPS beat(8)2
Avg EPS beat(8)802.66%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 16.82
Fwd PE 6.52
P/S 11.67
P/FCF N/A
P/OCF 495.16
P/B 0.97
P/tB 0.97
EV/EBITDA N/A
EPS(TTM)0.11
EY5.95%
EPS(NY)0.28
Fwd EY15.35%
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)0
OCFY0.2%
SpS0.16
BVpS1.91
TBVpS1.91
PEG (NY)0.12
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -9.23%
ROE -25.12%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-14.31%
ROA(5y)-5.12%
ROE(3y)-16.13%
ROE(5y)-6.12%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 8.51%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.33
Quick Ratio 1.16
Altman-Z 0.02
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-71.43%
EPS 3Y-44.07%
EPS 5YN/A
EPS Q2Q%100%
EPS Next Y135.55%
EPS Next 2Y70.09%
EPS Next 3Y26.41%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-13.48%
Revenue Next Year120.95%
Revenue Next 2Y55.72%
Revenue Next 3Y39.16%
Revenue Next 5YN/A
EBIT growth 1Y-9.06%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1010.39%
EBIT Next 3Y113.35%
EBIT Next 5YN/A
FCF growth 1Y87.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y106.67%
OCF growth 3YN/A
OCF growth 5YN/A

AFRICA OIL CORP / AOI.CA FAQ

What is the ChartMill fundamental rating of AFRICA OIL CORP (AOI.CA) stock?

ChartMill assigns a fundamental rating of 3 / 10 to AOI.CA.


Can you provide the valuation status for AFRICA OIL CORP?

ChartMill assigns a valuation rating of 5 / 10 to AFRICA OIL CORP (AOI.CA). This can be considered as Fairly Valued.


What is the profitability of AOI stock?

AFRICA OIL CORP (AOI.CA) has a profitability rating of 1 / 10.


How financially healthy is AFRICA OIL CORP?

The financial health rating of AFRICA OIL CORP (AOI.CA) is 3 / 10.


Can you provide the dividend sustainability for AOI stock?

The dividend rating of AFRICA OIL CORP (AOI.CA) is 3 / 10 and the dividend payout ratio is -4.79%.