Forafric Global PLC Ordinary Shares logo

Forafric Global PLC Ordinary Shares(AFRI)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
2-STAR RATING
Consider higher Upturn Star rating
BUY for 129 days
PROFIT SINCE LAST BUY
+25.27% ▲
LAST CLOSE
$12.64
10/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • BUY Advisory
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  • SELL Advisory (Loss)
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for AFRI

10/28/2026: AFRI (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Forafric Global PLC is a specialized agribusiness company focused on wheat milling and food production in Africa, particularly within the Moroccan market. Its core strengths include a well-established industrial infrastructure and vertical integration that supports staple food delivery. The company's primary growth story centers on capitalizing on increasing food demand across the African continent. However, investors must consider risks such as high exposure to commodity price volatility, regional currency fluctuations, and intense competitive pressures. This stock may suit investors looking for exposure to emerging market food sectors, though it requires monitoring of macroeconomic stability and management's ability to execute growth strategies in new territories.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is tied to regional demographic trends rather than high-velocity technology adoption.
Momentum investorWeak fitThe stock often lacks the high-volume trading and consistent upward momentum required for this style.
Value investorMixed fitThe valuation may appear attractive, but the complexity of emerging market risks requires careful due diligence.
Dividend investorWeak fitThe company does not currently provide a consistent dividend income stream.
Low-risk investorWeak fitExposure to commodity prices and emerging market volatility makes this a higher-risk profile.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighWheat prices and input costs are subject to global supply shocks.
Valuation riskMediumThe stock's valuation can fluctuate based on regional macro-economic stability.
Competition risk (Agribusiness)MediumMajor global grain players maintain significant pricing and logistical power.
Business qualityMediumThe company operates in a capital-intensive, cyclical sector with thin margins.
Dividend incomeLow / noneInvestors should not expect yield-based returns.
Execution riskMedium / highScaling operations across complex African markets involves significant logistical hurdles.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 33.85%
Avg. Invested days 58
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
AFRI receives a 2-star rating, reflecting soft or weak scores across the available pillars. The rating is constrained by weak unit economics, soft company fundamentals, and soft analyst coverage.

Company Fundamentals

★★★★★
AFRI has soft overall fundamentals (2 stars), with soft financial health, soft growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+38.8%) is partially offset by weak cash generation (FCF margin -0.1%), negative revenue growth (-35.6%), weak profitability (net margin -8.4%).

Financial Health Rating

★★★★★
AFRI's financial health is soft, with the relatively strongest area being moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 11.6% of revenue). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is AFRI's strongest growth driver at +38.8% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (-35.6%, negative) and free-cash-flow growth (-100.8%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 3.5% (soft) and 18.2% of outstanding shares are publicly tradable (soft). Insider ownership of 81.59% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 1.23%
Susquehanna International Group, LLP 0.37%
Geode Capital Management, LLC 0.29%
State Street Corp 0.18%
Vanguard Portfolio Management, LLC 0.14%

Unit Economics (Per $1K Revenue)

★★★★★
AFRI generates approximately $102 of gross profit, $-14 of operating income, and $-1 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -12.90% (Tax Credit)

Quantitative Style Profile

★★★★★
AFRI has a relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 337.32M USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) 27.2K shares
Beta 0.38
52 Weeks Range 8.63 - 13.48
Updated Date 10/28/2026
52 Weeks Range 8.63 - 13.48
Updated Date 10/28/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.45

How Company Makes Money

Business areaWhat it includesRetail investor read
Grain MillingProduction of flour and semolina for regional distributors.The company turns bulk wheat into essential food staples.
Food ProductsPasta and couscous manufacturing.Value-added products provide higher margin potential.
Geography (Morocco/Africa)Sales and logistics in domestic and regional markets.Regional economic health is the primary driver of revenue.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 482.39M
Price to Sales(TTM) 1.91
Enterprise Value 482.39M
Price to Sales(TTM) 1.91
Enterprise Value to Revenue 2.69
Enterprise Value to EBITDA 46.66
Shares Outstanding 26.96M
Shares Floating 4.90M
Shares Outstanding 26.96M
Shares Floating 4.90M
Percent Insiders 81.59
Percent Institutions 3.53

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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