AECI Ltd (87FZ) Fair Value & Analysis

Basic Materials · GB · Market cap 546M GBX

A solid business, screening 59% undervalued on our models.

What matters now

• The price is below even our cautious bear case (£0.0113). The market is more pessimistic than our downside scenario.
• Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range £0.0066 – £0.6600 · fair‑value band £0.0113 – £0.0140 · the £0.0066 price screens below the £0.0105 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

AECI Ltd (87FZ) currently trades at £0.0066, while our model-based Fair Value estimate is £0.0105, implying the stock looks roughly 59.1% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, AECI Ltd generated revenue of £32.2B at a net margin of 1.0%. Revenue declined 2.3% year over year. It earns a return on equity of 2.8%. Net debt stands at £503M. Fundamentals as of Aug 6, 2026

Our scenario range runs from £0.0113 (bear case) to £0.0140 (bull case); at £0.0066, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 59%, 87FZ screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (£21.51) versus Dividend Discount (£2.23). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

AECI Ltd, together with its subsidiaries, provides products and services for mining, water treatment, plant and animal health, food and beverage, manufacturing, and general industrial sectors. The company operates through four segments: AECI Mining, AECI Chemicals, AECI Managed Businesses, and AECI Property Services and Corporate.

Full company description

AECI Ltd, together with its subsidiaries, provides products and services for mining, water treatment, plant and animal health, food and beverage, manufacturing, and general industrial sectors. The company operates through four segments: AECI Mining, AECI Chemicals, AECI Managed Businesses, and AECI Property Services and Corporate. The AECI Mining segment provides mine-to-mineral solutions for the mining sector, which includes commercial explosives, initiating systems, and blasting services, as well as surfactants for explosives manufacture. The AECI Chemicals segment supplies industrial and speciality chemical products; water treatment chemicals; and technology, equipment, and plant and crop protection products, as well as plant nutrients. The AECI Managed Businesses segment supplies products and services to customers in agriculture, industrial, manufacturing, road infrastructure, food and beverage, public water, and animal feed and products, as well as the textile sector. The AECI Property Services and Corporate segment offers property leasing and management services in the office, industrial, and retail sectors. It operates in South Africa, rest of the African continent, Europe, Asia, North America, South America, and Australia. AECI Ltd was founded in 1894 and is based in Sandton, South Africa.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AECI Ltd reported revenue of £32.2B in FY2025 versus £26.1B in FY2021, a compound +5.4%/yr. Reported net income was £366M in FY2025, compounding −25.5%/yr from FY2021.

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Peer Group

Specialty Chemicals · 673 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.