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ABV

Advanced Braking TechnologyASX:ABV Stock Report

Market Cap

AU$12.1m

7D

0%

1Y

-5.9%

Updated

03 Dec, 2021

Data

Company Financials
ABV fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

ABV Stock Overview

Advanced Braking Technology Limited researches, designs, develops, manufactures, commercializes, and sells braking solutions worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for Advanced Braking Technology
Historical stock prices
Current Share PriceAU$0.032
52 Week HighAU$0.05
52 Week LowAU$0.027
Beta0.48
1 Month Change-5.88%
3 Month Change-5.88%
1 Year Change-5.88%
3 Year Change60.00%
5 Year Change-54.29%
Change since IPO-98.22%

Recent News & Updates

Nov 17
Advanced Braking Technology Limited's (ASX:ABV) Business Is Yet to Catch Up With Its Share Price

Advanced Braking Technology Limited's (ASX:ABV) Business Is Yet to Catch Up With Its Share Price

There wouldn't be many who think Advanced Braking Technology Limited's ( ASX:ABV ) price-to-earnings (or "P/E") ratio...

Shareholder Returns

ABVAU Auto ComponentsAU Market
7D0%-1.1%-0.7%
1Y-5.9%39.2%9.8%

Return vs Industry: ABV underperformed the Australian Auto Components industry which returned 39.2% over the past year.

Return vs Market: ABV underperformed the Australian Market which returned 9.8% over the past year.

Price Volatility

Is ABV's price volatile compared to industry and market?
ABV volatility
ABV Average Weekly Movement10.9%
Auto Components Industry Average Movement5.3%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.7%
10% least volatile stocks in AU Market3.7%

Stable Share Price: ABV is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: ABV's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200115John Annandhttps://www.advancedbraking.com

Advanced Braking Technology Limited researches, designs, develops, manufactures, commercializes, and sells braking solutions worldwide. The company offers braking solutions for light, heavy, defense, and electric vehicles, as well as autonomous vehicle emergency braking and brake controllers under the ABT Failsafe, Terra Dura, and ABT Failsafe Emergency brand names. It also provides installation and maintenance services.

Advanced Braking Technology Fundamentals Summary

How do Advanced Braking Technology's earnings and revenue compare to its market cap?
ABV fundamental statistics
Market CapAU$12.13m
Earnings (TTM)AU$620.00k
Revenue (TTM)AU$9.70m

19.6x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABV income statement (TTM)
RevenueAU$9.70m
Cost of RevenueAU$5.52m
Gross ProfitAU$4.19m
ExpensesAU$3.57m
EarningsAU$620.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0016
Gross Margin43.14%
Net Profit Margin6.39%
Debt/Equity Ratio4.5%

How did ABV perform over the long term?

See historical performance and comparison

Valuation

Is Advanced Braking Technology undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ABV (A$0.03) is trading below our estimate of fair value (A$0.49)

Significantly Below Fair Value: ABV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ABV is poor value based on its PE Ratio (19.6x) compared to the Australian Auto Components industry average (18.8x).

PE vs Market: ABV is poor value based on its PE Ratio (19.6x) compared to the Australian market (18.6x).


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 (2.6x) compared to the AU Auto Components industry average (2.7x).


Future Growth

How is Advanced Braking Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.8%

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.


Past Performance

How has Advanced Braking Technology performed over the past 5 years?

35.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABV has a large one-off gain of A$104.0K impacting its June 30 2021 financial results.

Growing Profit Margin: ABV's current net profit margins (6.4%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: ABV has become profitable over the past 5 years, growing earnings by 35.5% per year.

Accelerating Growth: ABV's earnings growth over the past year (262.6%) exceeds its 5-year average (35.5% per year).

Earnings vs Industry: ABV earnings growth over the past year (262.6%) exceeded the Auto Components industry 81%.


Return on Equity

High ROE: ABV's Return on Equity (13.1%) is considered low.


Financial Health

How is Advanced Braking Technology's financial position?


Financial Position Analysis

Short Term Liabilities: ABV's short term assets (A$5.4M) exceed its short term liabilities (A$1.7M).

Long Term Liabilities: ABV's short term assets (A$5.4M) exceed its long term liabilities (A$424.0K).


Debt to Equity History and Analysis

Debt Level: ABV has more cash than its total debt.

Reducing Debt: ABV's debt to equity ratio has reduced from 97.4% to 4.5% over the past 5 years.

Debt Coverage: ABV's debt is well covered by operating cash flow (566.4%).

Interest Coverage: ABV's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet


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?

2.6yrs

Average management tenure


CEO

John Annand

3yrs

Tenure

AU$402,000

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 ($USD285.55K) is about average for companies of similar size in the Australian market ($USD291.30K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ABV's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: ABV's board of directors are considered experienced (6.6 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 employee growth, exchange listings and data sources


Key Information

  • Name: Advanced Braking Technology Limited
  • Ticker: ABV
  • Exchange: ASX
  • Founded: 2001
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: AU$12.133m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/03 15:59
End of Day Share Price2021/12/03 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.