Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
AEC.ST
STRONG SELLREMOVEAfrica Energy Corp. · Energy · Canada · $72M · Avg Vol: $41K/d
Africa Energy Corp is an oil and gas exploration company with assets offshore South Africa. While the Geopolitical Energy Risk Premium theme creates a favorable macro backdrop for energy, this is a highly speculative, pre-revenue explorer that fails our Terry Smith quality filter of owning high-ROIC, cash-generating compounders.
COMPANY DESCRIPTION
Africa Energy Corp. is a Canadian oil and gas exploration company, listed in Sweden, focused on high-impact offshore exploration and appraisal assets in South Africa. The company holds significant participating interests in major offshore blocks, including the gas-condensate rich Outeniqua Basin. Its competitive position is driven by its strategic partnerships with global majors like TotalEnergies and its exposure to world-class offshore discoveries.
FINANCIAL SUMMARY
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 0 | 0 | 0 | 0 | — |
| EPS | — | -0.01 | -0.05 | -0.04 | -0.00 | — |
| Shares | — | 282M | 282M | 282M | 479M | +70.2% |
| Debt | 217 | 542,756 | 740,971 | 1M | 34,302 | 254.5% |
| Equity | — | 27M | 14M | 3M | 4M | -45.3% |
| Op CF | — | -328,042 | -231,540 | -120,818 | -200,820 | — |
| Inv CF | — | -783,414 | -428,343 | -63,177 | -23,447 | — |
| Fin CF | — | 674,754 | 108,551 | 249,668 | 310,239 | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of AEC.ST are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| AEC.ST | Africa Energy Corp.(you) | $72M | 11 | STRONG SELL |
| ZENA.OL | Zenith Energy Ltd. | $55M | 20 | STRONG SELL |
| QEC.OL | Questerre Energy Corporation | $88M | 23 | SELL |
| PNE.TO | Pine Cliff Energy Ltd. | $159M | 9 | STRONG SELL |
| TXP.L | Touchstone Exploration Inc. | $32M | 12 | STRONG SELL |
| PRQ.TO | Petrus Resources Ltd. | $187M | 14 | STRONG SELL |
| HEVI.V | Helium Evolution Incorporated | $27M | 16 | STRONG SELL |
| SEI.V | Sintana Energy Inc. | $155M | 1 | STRONG SELL |
| CCEC.V | CANCAMBRIA ENERGY CORP | $34M | 0 | STRONG SELL |
| BLU.V | BluEnergies Ltd. | $169M | 22 | SELL |
Peer medians: ROE 3.5% · P/E 26.0x · Gross margin 38.4%