Discovery Africa Limited

Published : January 30th, 2018

Discovery Africa Limited (ASX:DAF) And The Basic Materials Sector Outlook 2018

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Discovery Africa Limited (ASX:DAF) And The Basic Materials Sector Outlook 2018

ASX:DAF PE PEG Gauge Jan 30th 18

The metals and mining sector’s PE is currently hovering around 14.9x, relatively similar to the rest of the Australian stock market PE of 18.1x. This means the industry, on average, is fairly valued compared to the wider market – minimal expected gains and losses from mispricing here. Furthermore, the industry returned a similar 10.35% on equities compared to the market’s 11.86%. On the stock-level, Discovery Africa is trading at a PE ratio of 11x, which is relatively in-line with the average metals and mining stock. In terms of returns, Discovery Africa generated 22.39% in the past year, which is 12.04% over the metals and mining sector.

Next Steps:

If you’ve been keeping an eye on the materials sector, now is the right time to dive deeper into the stock-level. The high growth prospect makes stocks such as Discovery Africa a more appealing investment case, though the industry is trading relatively in-line with the rest of the wider market. However, before you make a decision on the stock, I suggest you look at Discovery Africa’s fundamentals in order to build a holistic investment thesis.


To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.

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Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All

Discovery Africa Limited

CODE : DAF.AX
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Discovery Africa LTD is based in Australia.

Discovery Africa LTD is listed in Australia. Its market capitalisation is AU$ 2.0 millions as of today (US$ 1.4 millions, € 1.2 millions).

Its stock quote reached its highest recent level on September 23, 2011 at AU$ 0.20, and its lowest recent point on December 11, 2015 at AU$ 0.00.

Discovery Africa LTD has 200 730 000 shares outstanding.

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Corporate news of Discovery Africa Limited
3/31/2016Annual Report to shareholders
10/30/2015Quarterly Cashflow Report
8/14/2015Ceasing to be a substantial holder
8/14/2015Becoming a substantial holder for AGY
8/14/2015Appendix 3B & Cleansing Notice
8/13/2015DAF: $271,794 Capital Realisation
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AUSTRALIA (DAF.AX)
0.010+0.00%
AUSTRALIA
AU$ 0.010
09/19 11:00 -
0%
Prev close Open
0.010 0.010
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0.010 0.010
Year l/h YTD var.
0.010 -  0.030 -50.00%
52 week l/h 52 week var.
0.010 -  0.030 -54.55%
Volume 1 month var.
0 -%
24hGold TrendPower© : -37
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DateVariationHighLow
2024-50.00%0.040.01
2023-37.50%0.060.01
20223.23%0.100.03
202110.71%0.060.03
202033.33%0.050.01
 
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