One of the benefits of owning a publicly listed company is far greater transparency into a company’s financials and workings, and that includes analysis of all that information by 3rd party analysts. The first of these to cover Africa Eats is Emerging & Frontier Capital (EFC), “an independent equity research house specialising in emerging and frontier markets, offering unbiased, innovative research, deep local expertise, comprehensive market coverage, sector-specific insights, and customised corporate access services.”
Download the 1H 2025 report, which includes historic values through the middle of 2025 plus a financial model that projects key financial indicators and shareholder metrics to 2027.
EFC computes a fair range of share prices between $2.17 (a discount to the listing price of $2.25) and $2.77 (within $0.03 of the $2.80 estimate in the company’s Q2 report). The latest share price as of publishing this post was $2.65.
EFC has similar reports on many other African companies. Visit efc-cap.com to sign up for their reports.
