Market cap
$37.5m
End-of-day close multiplied by current shares on issue.
AOF · NZX
AoFrio is an NZX-listed industrials / refrigeration technology company with FY19 - FY22 of published result briefings.
Snapshot
FY22, released 27 February 2023
| Metric | Value | Change |
|---|---|---|
| Revenue | $74.3m | ↑ +15.7% |
| EBITDA | $1.6m | ↓ -38.6% |
| NPAT | $3.3m | ↓ -38.9% |
| Operating cash flow | -$4.4m | ↓ -210.6% |
| OCF / EBITDA % | -270.6% | ↓ -420.9pp |
| Net debt | $1.1m | ↑ +127.3% |
| Net debt / EBITDA | 0.67xOutside range high net debt / ebitda. 0.7x; 3-period range -2.17x to -0.09x. Net debt / EBITDA: 0.70x, above normal range; 3-period mean -1.26x, range -2.17x--0.09x. | ↑ +144.4% |
| ROE % | 13.7% | ↓ -13.1pp |
| PBT | -$1.2m | ↓ -100.0% |
| FCF pre-lease | -$4.8m | ↓ -225.3% |
Source: latest published briefing (FY22, released 27 February 2023). Change compares against the prior equivalent period: FY21, released 25 February 2022.
Valuation
A compact read on what the market price implies next to the latest filing data. The numbers are a starting point for comparison, not a recommendation.
The latest close and share count context for the market price.
Market cap
$37.5m
End-of-day close multiplied by current shares on issue.
How the market price compares with recent earnings and cash-flow inputs.
P/E
11.35x
Recent market cap compared with trailing earnings.
EPS
0.01
Recent filing-derived earnings per share.
PEG
Not available
Not meaningful without positive comparable earnings growth.
EV/EBITDA
23.89x
Enterprise value compared with recent EBITDA.
P/FCF
Not available
Not meaningful when free cash flow is negative or unavailable.
P/B
1.57x
Market value compared with latest reported equity.
Yield and fund-style valuation where the company shape supports it.
Dividend yield
0.0%
Trailing dividends compared with the latest close.
Total return
Not available
Available once dividend and adjustment data are verified.
Daily closes use the full available width, with hover and touch readouts against real observations. Expand opens the chart at reading size.
Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.
Indexed lines compare direction from the first positive comparable filing point. The axis is an index, not dollars or cents.
Chat
Ask follow-up questions about AoFrio's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Longitudinal view
The latest period is shown first.
| Metric | FY2212 MONTHS27 February 2023 | FY2112 MONTHS25 February 2022 | HY216 MONTHS25 August 2021 | FY2012 MONTHS26 February 2021 | HY206 MONTHS27 August 2020 | FY1912 MONTHS28 February 2020 | Trend |
|---|---|---|---|---|---|---|---|
| Revenue | $74.3m | $64.2m | $30.6m | $36.9m | $20.5m | $61.7m | Chart |
| Revenue growth % | 15.7% | 74.1%Outside range high revenue growth. 74.1%; 3-period range -40.2% to 15.7%. Revenue growth: 74.1%, above normal range; 3-period mean -6.5%, range -40.2%-15.7%. | 49.2% | -40.2%Outside range low revenue growth. -40.2%; 3-period range 5% to 74.1%. Revenue growth: -40.2%, below normal range; 3-period mean 31.6%, range 5.0%-74.1%. | -38.5% | 5.0% | Chart
|
| EBITDA | $1.6m | $2.6m | $1.8m | $1.2m | $1.1m | $4.2m | Chart |
| EBITDA margin % | 2.2%Outside range low ebitda margin. 2.2%; 3-period range 3.2% to 6.8%. EBITDA margin: 2.2%, below normal range; 3-period mean 4.7%, range 3.2%-6.8%. | 4.1% | 6.0% | 3.2% | 5.5% | 6.8%Outside range high ebitda margin. 6.8%; 3-period range 2.2% to 4.1%. EBITDA margin: 6.8%, above normal range; 3-period mean 3.2%, range 2.2%-4.1%. | Chart
|
| PBT | -$1.2m | -$0.6m | $0.6m | -$2m | -$0.8m | $0.6m | Chart |
| NPAT | $3.3m | $5.4m | $0.6m | -$2.2m | -$0.8m | $0.4m | Chart |
| NPAT growth % | -38.9% | — | — | — | — | — | — |
| Operating cash flow | -$4.4m | $3.9m | $3.1m | $0.34m | $0.72m | $3m | Chart |
| OCF / EBITDA % | -270.6% | 150.3%Outside range high ocf / ebitda cash conversion. 150.3%; 3-period range -270.7% to 70.8%. OCF / EBITDA cash conversion: 150.3%, above normal range; 3-period mean -57.1%, range -270.7%-70.8%. | 170.6% | 28.6% | 63.6% | 70.8% | Chart
|
| FCF pre-lease | -$4.8m | $3.8m | $3.1m | $0.13m | -$1m | $2.6m | Chart |
| FCF post-lease | — | — | $3.1m | — | — | — | — |
| ROE % | 13.7% | 26.8%Outside range high roe. 26.8%; 3-period range -14.6% to 13.7%. ROE: 26.8%, above normal range; 3-period mean 0.8%, range -14.6%-13.7%. | 3.9% | -14.6%Outside range low roe. -14.6%; 3-period range 3.4% to 26.8%. ROE: -14.6%, below normal range; 3-period mean 14.6%, range 3.4%-26.8%. | -6.4% | 3.4% | Chart
|
| Net debt | $1.1m | -$4m | -$4m | -$2.6m | $0.5m | -$0.4m | Chart |
| Net debt / EBITDA | 0.67xOutside range high net debt / ebitda. 0.7x; 3-period range -2.17x to -0.09x. Net debt / EBITDA: 0.70x, above normal range; 3-period mean -1.26x, range -2.17x--0.09x. | -1.51x | -2.2x | -2.17x | 0.44x | -0.09x | Chart
|
| Debtor days | 125Outside range high debtor days. 125d; 3-period range 76d to 94d. Debtor days: 124.7 days, above normal range; 3-period mean 84.0 days, range 76.2 days-93.8 days. | 94 | 83 | 76Outside range low debtor days. 76d; 3-period range 82d to 125d. Debtor days: 76.2 days, below normal range; 3-period mean 100.1 days, range 81.9 days-124.7 days. | 84 | 82 | Chart
|
| Inventory days | 44Outside range high inventory days. 44d; 3-period range 26d to 34d. Inventory days: 43.6 days, above normal range; 3-period mean 29.4 days, range 26.1 days-33.8 days. | 26Outside range low inventory days. 26d; 3-period range 28d to 44d. Inventory days: 26.1 days, below normal range; 3-period mean 35.3 days, range 28.4 days-43.6 days. | 28 | 34 | 43 | 28 | Chart
|
| Total assets | $63.1m | $48.8m | $40.7m | $31.1m | $33.2m | $37.9m | Chart |
Reference: annolyse.ai/companies/aof
Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.
These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.
Reported revenue across covered periods.
Like-period revenue growth where comparable.
Company-specific earnings measure where disclosed.
EBITDA-equivalent margin where revenue and earnings are source-backed.
Statutory profit after tax.
Cash generated from operations.
Additional verified filing metrics for this company. Each point links back to a published briefing period in the source data contract.
Cash conversion against earnings.
Operating cash flow less capex before leases.
Free cash flow after lease payments where available.
Return on equity.
Borrowings less cash; negative values indicate net cash.
Leverage ratio, suppressed where earnings are not meaningful.
Receivables days where the working-capital inputs are source-backed.
Inventory days where the working-capital inputs are source-backed.
Per-period working-capital absorption or release, from the same published history. Positive values are working-capital build; negative values are release.
The setup & the reality
The latest result is checked against what the prior briefing said to watch.
Historical setup
From NPAT swung to $5.4m on a tax credit; PBT still a $0.6m loss
No FY22 quantitative targets were supplied. The half-year shape provides the relevant tension: HY21 contributed 47.6% of full-year revenue but 69.7% of EBITDA, implying an H2 with $33.7m of revenue producing only $0.8m of EBITDA — a sharp second-half margin compression consistent with the management commentary on cost pass-through limits. The release explicitly says this pressure is expected to continue into FY22, which means the FY21 EBITDA trajectory exiting the year is materially weaker than the headline annual figure suggests.
Open questions
This briefing cannot assess forward order book, customer concentration, or the specific tax accounting that produced the NPAT swing.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
FY22 · Released 27 February 2023
Revenue grew 15.7% to a record NZ$74.3m, but a NZ$9.8m working-capital build—well above the historical average build of NZ$3.2m—turned operating cash
FY21 · Released 25 February 2022
A large tax benefit produced the headline turnaround on 74.1% revenue growth, but underlying operations remained loss-making at PBT level.
HY21 · Released 25 August 2021
Operating cash flow tripled to $3.1m on a strong demand recovery, but the comparable was COVID-depressed and capex fell to near zero.
FY20 · Released 26 February 2021
Both Motors and IoT segments turned negative, though a working-capital release lifted cash to NZ$4.6m despite the earnings reversal.
HY20 · Released 27 August 2020
A $4.8m equity uplift lifted total equity 64% but operating cash fell, the business swung from net cash to net debt, and both segments lost money.
FY19 · Released 28 February 2020
EBITDA margin doubled to 6.8% as IoT revenue rose 31.6%, but a NZ$7.6m working-capital release flatters the cash result and merits a durability check.
Get the next AoFrio result briefing and five-year history updates by email.