Advanced Braking Technology
Market Cap
AU$11.8m
Last Updated
2020/11/24 10:33 UTC
Data Sources
Company Financials
Executive Summary
Advanced Braking Technology Limited researches, designs, develops, manufactures, commercializes, and sells braking systems and brake parts worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with questionable track record.
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 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: ABV's weekly volatility (13%) has been stable over the past year.
Market Performance
7 Day Return
3.3%
ABV
2.4%
AU Auto Components
2.3%
AU Market
1 Year Return
3.3%
ABV
29.8%
AU Auto Components
-0.3%
AU Market
Return vs Industry: ABV underperformed the Australian Auto Components industry which returned 29.5% over the past year.
Return vs Market: ABV exceeded the Australian Market which returned -1% over the past year.
Shareholder returns
| ABV | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.3% | 2.4% | 2.3% |
| 30 Day | -6.1% | -6.8% | 7.2% |
| 90 Day | 6.9% | 11.9% | 8.7% |
| 1 Year | 3.3%3.3% | 32.6%29.8% | 3.1%-0.3% |
| 3 Year | -38.0%-38.0% | 46.5%35.0% | 24.2%8.8% |
| 5 Year | -55.7%-55.7% | 100.5%75.6% | 55.4%24.4% |
Long-Term 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 months ago | Simply Wall St
Has Advanced Braking Technology Limited's (ASX:ABV) Impressive Stock Performance Got Anything to Do With Its Fundamentals?5 months ago | Simply Wall St
Did Advanced Braking Technology Limited (ASX:ABV) Insiders Buy Up More Shares?6 months ago | Simply Wall St
Announcing: Advanced Braking Technology (ASX:ABV) Stock Increased An Energizing 110% In The Last YearValuation
Is Advanced Braking Technology undervalued compared to its fair value and its price relative to the market?
63.39x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ABV (A$0.03) is trading above our estimate of fair value (A$0.01)
Significantly Below Fair Value: ABV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ABV is poor value based on its PE Ratio (63.4x) compared to the AU Auto Components industry average (37.8x).
PE vs Market: ABV is poor value based on its PE Ratio (63.4x) compared to the Australian market (22.5x).
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 (2.9x) compared to the AU Auto Components industry average (4.2x).
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?
40.5%
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
- Examine Advanced Braking Technology's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- 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?
16.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABV has a large one-off gain of A$124.0K impacting its June 30 2020 financial results.
Growing Profit Margin: ABV became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ABV has become profitable over the past 5 years, growing earnings by 16.6% per year.
Accelerating Growth: ABV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ABV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (-26.2%).
Return on Equity
High ROE: ABV's Return on Equity (4.3%) is considered low.
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$1.5M).
Long Term Liabilities: ABV's short term assets (A$4.5M) exceed its long term liabilities (A$486.0K).
Debt to Equity History and Analysis
Debt Level: ABV is debt free.
Reducing Debt: ABV has no debt compared to 5 years ago when its debt to equity ratio was 168.5%.
Debt Coverage: ABV has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ABV has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Advanced Braking Technology current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ABV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ABV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
John Annand
1.92yrs
Tenure
AU$382,000
Compensation
Mr. John Douglas Annand B.Bus, CA, AGIA ACG, A Fin has been Chief Executive Officer of Advanced Braking Technology Limited since December 3, 2018. Mr. Annand served as the Chief Financial Officer of Advanc...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD278.00K) is about average for companies of similar size in the Australian market ($USD279.23K).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 1.92yrs | AU$382.00k | no data | |
| Chief Financial Officer | 1.08yrs | AU$198.00k | 0.0095% A$ 1.1k | |
| Director of Sales & Marketing | 0.42yr | AU$218.00k | no data | |
| Company Secretary | 2.25yrs | no data | no data | |
| Manager of Supply Chain | 2.92yrs | AU$125.88k | no data |
1.9yrs
Average Tenure
Experienced Management: ABV's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Director | 11.17yrs | AU$30.00k | 18.24% A$ 2.1m | |
| Independent Non-Executive Director | 3.42yrs | AU$60.00k | 0.80% A$ 94.0k | |
| Non-Executive Director | 7.58yrs | AU$60.00k | 0.21% A$ 24.1k | |
| Independent Chairman of the Board | 2.42yrs | AU$93.00k | 0.22% A$ 26.0k |
5.5yrs
Average Tenure
Experienced Board: ABV's board of directors are considered experienced (5.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ABV insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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:
- 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, manufactures, commercializes, and sells braking systems and brake parts worldwide. The company offers service, parking, and emergency seal...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 10:33 |
| End of Day Share Price | 2020/11/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.