Advanced Braking Technology
Market Cap
AU$11.8m
Last Updated
2020/01/23 10:35 UTC
Data Sources
Company Financials
Executive Summary
Advanced Braking Technology Limited researches, designs, develops, engineers, manufactures, commercializes, and sells braking systems and brake parts in Australia and internationally.
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
Snowflake Analysis
Imperfect balance sheet and overvalued.
Share Price & News
How has Advanced Braking Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ABV's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-16.2%
ABV
-2.0%
AU Auto Components
1.9%
AU Market
1 Year Return
72.2%
ABV
12.8%
AU Auto Components
21.4%
AU Market
Return vs Industry: ABV exceeded the Australian Auto Components industry which returned 16.4% over the past year.
Return vs Market: ABV exceeded the Australian Market which returned 19.4% over the past year.
Shareholder returns
| ABV | Industry | Market | |
|---|---|---|---|
| 7 Day | -16.2% | -2.0% | 1.9% |
| 30 Day | 10.7% | 3.3% | 5.2% |
| 90 Day | 6.9% | 8.6% | 6.2% |
| 1 Year | 72.2%72.2% | 16.8%12.8% | 26.9%21.4% |
| 3 Year | -55.7%-55.7% | 39.2%27.5% | 40.1%21.3% |
| 5 Year | -60.3%-61.3% | 90.0%62.6% | 61.8%25.3% |
Price Volatility Vs. Market
How volatile is Advanced Braking Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Have Insiders Been Buying Advanced Braking Technology Limited (ASX:ABV) Shares This Year?7 months ago | Simply Wall St
Need To Know: Advanced Braking Technology Limited (ASX:ABV) Insiders Have Been Buying Shares8 months ago | Simply Wall St
How Much Of Advanced Braking Technology Limited (ASX:ABV) Do Insiders Own?Valuation
Is Advanced Braking Technology undervalued compared to its fair value and its price relative to the market?
4.53x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ABV's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ABV's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ABV is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.
PE vs Market: ABV is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ABV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ABV is good value based on its PB Ratio (4.5x) compared to the AU Auto Components industry average (5x).
Next Steps
Future Growth
How is Advanced Braking Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
17.8%
Forecasted Automobiles industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Advanced Braking Technology has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of ABV’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Advanced Braking Technology competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Automobiles industry.
Past Performance
How has Advanced Braking Technology performed over the past 5 years?
39.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABV is currently unprofitable.
Growing Profit Margin: ABV is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ABV is unprofitable, but has reduced losses over the past 5 years at a rate of 39.5% per year.
Accelerating Growth: Unable to compare ABV's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ABV is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-10.7%).
Return on Equity
High ROE: ABV has a negative Return on Equity (-84.22%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Advanced Braking Technology's financial position?
Financial Position Analysis
Short Term Liabilities: ABV's short term assets (A$4.5M) exceed its short term liabilities (A$3.6M).
Long Term Liabilities: ABV's short term assets (A$4.5M) exceed its long term liabilities (A$63.0K).
Debt to Equity History and Analysis
Debt Level: ABV's debt to equity ratio (103.8%) is considered high.
Reducing Debt: ABV's debt to equity ratio has increased from 86.1% to 103.8% over the past 5 years.
Balance Sheet
Inventory Level: ABV has a high level of physical assets or inventory.
Debt Coverage by Assets: ABV's debt is covered by short term assets (assets are 2.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ABV has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ABV has less than a year of cash runway if free cash flow continues to reduce at historical rates of -5.4% each year
Next Steps
Dividend
What is Advanced Braking Technology's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate ABV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ABV's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ABV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ABV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ABV's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
What is the CEO of Advanced Braking Technology's salary, the management and board of directors tenure and is there insider trading?
1.1yrs
Average management tenure
CEO
John Annand 0
1.1yrs
Tenure
AU$262,000
Compensation
Mr. John Douglas Annand has been Chief Executive Officer of Advanced Braking Technology Limited since December 3, 2018. Mr. Annand served as the Chief Financial Officer of Advanced Braking Technology Limit ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD180.81K) is below average for companies of similar size in the Australian market ($USD262.68K).
Compensation vs Earnings: Insufficient data to compare John's compensation with company performance.
Management Age and Tenure
1.1yrs
Average Tenure
Experienced Management: ABV's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Age and Tenure
4.7yrs
Average Tenure
Experienced Board: ABV's board of directors are considered experienced (4.7 years average tenure).
Insider Trading
Insider Buying: ABV insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 1,400,000 |
| Max Price | AU$0.029 |
| Entity | Individual |
| Shares | 2,027,008 |
| Max Price | AU$0.03 |
| Entity | Individual |
| Shares | 285,503 |
| Max Price | AU$0.022 |
| Entity | Individual |
| Shares | 7,500,000 |
| Max Price | AU$0.024 |
| Entity | Company |
| Shares | 58,249,928 |
| Max Price | AU$0.02 |
| Entity | Individual |
| Shares | 7,007,510 |
| Max Price | AU$0.02 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.4%.
Management Team
Sarah Murdoch
Manager of Supply Chain
- Tenure: 2.1yrs
- Compensation: AU$125.88k
John Annand
Chief Executive Officer
- Tenure: 1.1yrs
- Compensation: AU$262.00k
Kaitlin Smith
Company Secretary
- Tenure: 1.4yrs
Geoff Lewis
Sales Director
- Tenure: 1yrs
- Compensation: AU$266.00k
Paige Exley
Chief Financial Officer
- Tenure: 0.3yrs
- Compensation: AU$116.77k
Board Members
David Slack
Non-Executive Director
- Tenure: 10.3yrs
Mark Lindh
Non-Executive Director
- Tenure: 2.6yrs
- Compensation: AU$60.00m
Adam Levine
Non-Executive Director
- Tenure: 6.8yrs
- Compensation: AU$60.00m
Dagmar Parsons
Chairman of the Board
- Tenure: 1.6yrs
- Compensation: AU$94.00m
Company Information
Advanced Braking Technology Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Advanced Braking Technology Limited
- Ticker: ABV
- Exchange: ASX
- Founded: 1999
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: AU$11.754m
- Shares outstanding: 379.15m
- Website: https://www.advancedbraking.com
Number of Employees
Location
- Advanced Braking Technology Limited
- 19 Creative Street
- Wangara
- Western Australia
- 6065
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ABV | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | May 2002 |
| ABV | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | May 2002 |
Biography
Advanced Braking Technology Limited researches, designs, develops, engineers, manufactures, commercializes, and sells braking systems and brake parts in Australia and internationally. The company offers service, parking, and emergency sealed integrated braking systems for light commercial, underground mining, and heavy vehicles under the Terra Dura, ABT Failsafe, and ABT Failsafe Emergency brand names. It also provides installation and maintenance services. The company was founded in 1999 and is headquartered in Wangara, Australia.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 10:35 |
| End of Day Share Price | 2020/01/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.