ASX:ABV

Stock Analysis Report

Advanced Braking Technology

Executive Summary

Advanced Braking Technology Limited researches, designs, develops, engineers, manufactures, commercializes, and sells braking systems and brake parts worldwide.

Snowflake

Fundamentals

Imperfect balance sheet and overvalued.

Risks

  • Advanced Braking Technology has significant price volatility in the past 3 months.
  • Advanced Braking Technology is not covered by any analysts.

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


Market Performance


7 Day Return

4.8%

ASX:ABV

5.7%

AU Auto Components

1.4%

AU Market


1 Year Return

10.0%

ASX:ABV

-15.4%

AU Auto Components

1.9%

AU Market

ABV outperformed the Auto Components industry which returned -15.4% over the past year.

ABV outperformed the Market in Australia which returned 1.9% over the past year.


Share holder returns

ABVIndustryMarket
7 Day4.8%5.7%1.4%
30 Day10.0%-3.5%-3.3%
90 Day37.5%-5.8%0.8%
1 Year10.0%10.0%-12.4%-15.4%7.6%1.9%
3 Year-75.6%-75.6%18.4%8.8%31.7%14.6%
5 Year-71.8%-72.5%63.0%33.5%38.9%8.0%

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

Valuation

Is Advanced Braking Technology undervalued based on future cash flows and its price relative to the stock market?

2.56x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Advanced Braking Technology to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Advanced Braking Technology to establish if it is available at substantial discount.


Price Based on Earnings

Advanced Braking Technology is loss making, we can't compare its value to the Global Auto Components industry average.

Advanced Braking Technology is loss making, we can't compare the value of its earnings to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Advanced Braking Technology, we can't assess if its growth is good value.


Price Based on Value of Assets

Advanced Braking Technology is good value based on assets compared to the AU Auto Components industry average.


Next Steps

Future Growth

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

12.6%

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

Past Performance

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

37.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Advanced Braking Technology does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Advanced Braking Technology's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Advanced Braking Technology's 1-year growth to the Global Auto Components industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Advanced Braking Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Advanced Braking Technology has efficiently used its assets last year compared to the Global Auto Components industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Advanced Braking Technology improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Advanced Braking Technology's financial position?


Financial Position Analysis

Advanced Braking Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Advanced Braking Technology's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Advanced Braking Technology's level of debt (56%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (0.5% vs 56% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.3x 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.

Advanced Braking Technology has less than a year of cash runway based on current free cash flow.

Advanced Braking Technology has less than a year of cash runway if free cash flow continues to reduce at historical rates of -1.3% each year.


Next Steps

Dividend

What is Advanced Braking Technology's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Advanced Braking Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Advanced Braking Technology's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Advanced Braking Technology has not reported any payouts.

Unable to verify if Advanced Braking Technology's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Advanced Braking Technology has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

0.8yrs

Average management tenure


CEO

John Annand 0

0.7yrs

Tenure

0

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 ...


Management Age and Tenure

0.8yrs

Average Tenure

The average tenure for the Advanced Braking Technology management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

The tenure for the Advanced Braking Technology board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyAU$164,13629 Mar 19
Parks Australia Proprietary Limited
EntityCompany
Shares58,249,928
Max PriceAU$0.02
BuyAU$121,12729 Mar 19
Keith Knowles
EntityIndividual
Shares7,007,510
Max PriceAU$0.02
BuyAU$9,00021 Dec 18
David Slack
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares500,000
Max PriceAU$0.018
BuyAU$397,15926 Oct 18
Parks Australia Proprietary Limited
EntityCompany
Shares9,623,940
Max PriceAU$0.041
BuyAU$444,96026 Oct 18
Keith Knowles
EntityIndividual
Shares11,519,638
Max PriceAU$0.039
BuyAU$10,00112 Oct 18
Dagmar Parsons
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares500,000
Max PriceAU$0.02
BuyAU$10,00111 Oct 18
Mark Lindh
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares500,000
Max PriceAU$0.02

Ownership Breakdown


Management Team

  • Sarah Murdoch

    Manager of Supply Chain

    • Tenure: 1.7yrs
    • Compensation: AU$125.88k
  • John Annand

    Chief Executive Officer

    • Tenure: 0.7yrs
  • Kaitlin Smith

    Company Secretary

    • Tenure: 1.0yrs
  • Geoff Lewis

    Sales Director

    • Tenure: 0.6yrs

Board Members

  • David Slack

    Non-Executive Director

    • Tenure: 9.9yrs
    • Compensation: AU$5.00
  • Mark Lindh

    Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: AU$61.00
  • Adam Levine

    Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: AU$60.00
  • Dagmar Parsons

    Chairman of the Board

    • Tenure: 1.2yrs
    • Compensation: AU$11.00

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$6.554m
  • Shares outstanding: 297.91m
  • Website: https://www.advancedbraking.com

Number of Employees


Location

  • Advanced Braking Technology Limited
  • 19 Creative Street
  • Wangara
  • Western Australia
  • 6065
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABVASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMay 2002

Biography

Advanced Braking Technology Limited researches, designs, develops, engineers, manufactures, commercializes, and sells braking systems and brake parts worldwide. The company offers service, parking, and eme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 10:34
End of Day Share Price2019/08/21 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.