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AVENG LTD
Main Activities: Construction - Fabricated Metal Product Manufacturing - Steel Product Manufacturing from Purchased Steel
Secondary Activities: Architectural and Structural Metals Manufacturing
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Company Information |
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Full name AVENG LTD Headquarters Block B,204 Rivonia Road,Morningside,Sandton; Johannesburg; Gauteng |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : ZAE000111829 Financial Auditors: Ernst & Young (2005) Total Employees: 25,361 Tel: +27 11 779 2800 |
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Company Description |
| Aveng is a South African group, with significant foreign interests, and is listed in the Basic Industries- Construction & Building materials sector of the JSE.The Company is engaged in the construction and steel beneficiation. The primary subsidiaries of the Company include Aveng (Africa) Limited, Trident Steel Holdings (Proprietary) Limited and Aveng Australia Holdings Proprietary Limited. The Company’s business segments include construction and engineering, which consists of Grinaker-LTA, McConnell | ||
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2010, total net operating revenues increased with 0.62%, from ZAR 33,771,700 thousands to ZAR 33,981,100 thousands. Operating result increased from ZAR 3,218,569 thousands to ZAR 3,333,657 thousands which means 3.58% change. The results of the period increased 142.48% reaching ZAR 1,306,000 thousands at the end of the period against ZAR 538,600 thousands last year. Return on equity (Net income/Total equity) went from 4.95% to 10.69%, the Return On Asset (Net income / Total Asset) went from 2.49% to 5.66% and the Net Profit Margin (Net Income/Net Sales) went from 1.59% to 3.84% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 5.59% compared to 108.86% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.38 to 1.49 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 Y (cons) |
2010 Y (cons) |
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| Audited | Audited | |
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| McGregor JSE Company Financials | McGregor JSE Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
24,553,400 |
24,142,200 |
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Current Assets |
15,809,500 |
16,718,000 |
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Total Liabilities |
11,637,500 |
11,922,400 |
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Shareholders Equity |
12,915,900 |
12,219,800 |
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Current Liabilities |
10,757,100 |
11,238,900 |
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| * All the accounts are in ZAR. | ||
Income Statement
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Total Operating Revenue |
2,720,108 |
3,333,657 |
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Operational Profit (Loss) |
2,720,108 |
3,333,657 |
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| * All the accounts are in ZAR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
5.12% |
7.86% |
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Annualised Return on Assets (ROA) |
5.12% |
7.86% |
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Return on Equity (ROE) |
9.14% |
14.82% |
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Return on Capital |
9.14% |
14.82% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Current asset turnover |
0.17x |
0.20x |
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Fixed-asset turnover |
0.45x |
0.65x |
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Asset Turnover |
0.12x |
0.14x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
1,476,300 |
2,078,600 |
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EBITDA |
2,601,400 |
3,171,000 |
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Enterprise value |
-5,614,800 |
-7,828,500 |
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Enterprise Value / EBITDA |
-2.16 |
-2.47 |
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Bookvalue (BV) |
11,434,900 |
11,134,300 |
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Net Cash |
-5,146,100 |
-3,411,000 |
| Liquidity Ratios | ||
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Current Ratio |
146.97% |
148.75% |
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Quick ratio |
127.76% |
130.71% |
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Doom's day ratio |
52.16% |
69.65% |
| Leverage Ratios | ||
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Leverage ratio |
178.64% |
188.68% |
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Debt to equity |
90.1% |
97.57% |
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Debt to total assets |
50.44% |
51.71% |
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Debt / Enterprise Value |
-207.26% |
-152.29% |
| Trend Ratios | ||
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Revenue Trend |
81.6% |
101.6% |
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Operating Income Trend |
81.6% |
101.6% |
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