company background image
ASS

Asset Resolution NSX:ASS Stock Report

Last Price

AU$0.025

Market Cap

AU$83.4k

7D

0%

1Y

n/a

Updated

02 Aug, 2022

Data

Company Financials
ASS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends0/6

ASS Stock Overview

Asset Resolution Limited engages in the realization of mortgage loans and distressed assets in Australia.

Asset Resolution Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Asset Resolution
Historical stock prices
Current Share PriceAU$0.025
52 Week HighAU$5.20
52 Week LowAU$0.02
Beta0.82
1 Month Change-37.50%
3 Month Change-99.52%
1 Year Changen/a
3 Year Change-99.10%
5 Year Change-98.82%
Change since IPO-98.78%

Recent News & Updates

Shareholder Returns

ASSAU MortgageAU Market
7D0%2.9%1.0%
1Yn/a14.8%-7.9%

Return vs Industry: Insufficient data to determine how ASS performed against the Australian Mortgage industry.

Return vs Market: Insufficient data to determine how ASS performed against the Australian Market.

Price Volatility

Is ASS's price volatile compared to industry and market?
ASS volatility
ASS Average Weekly Movementn/a
Mortgage Industry Average Movement3.9%
Market Average Movement10.6%
10% most volatile stocks in AU Market17.5%
10% least volatile stocks in AU Market4.7%

Stable Share Price: Insufficient data to determine ASS's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ASS's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
20125n/ahttps://www.arlimited.com.au

Asset Resolution Limited engages in the realization of mortgage loans and distressed assets in Australia. It invests in equity and distressed assets. Asset Resolution Limited was incorporated in 2012 and is based in Adelaide, Australia.

Asset Resolution Fundamentals Summary

How do Asset Resolution's earnings and revenue compare to its market cap?
ASS fundamental statistics
Market CapAU$83.45k
Earnings (TTM)AU$3.22m
Revenue (TTM)AU$2.57m

0.0x

P/E Ratio

0.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASS income statement (TTM)
RevenueAU$2.57m
Cost of RevenueAU$0
Gross ProfitAU$2.57m
Other Expenses-AU$650.19k
EarningsAU$3.22m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.97
Gross Margin100.00%
Net Profit Margin125.29%
Debt/Equity Ratio0.0%

How did ASS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ASS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASS?

Other financial metrics that can be useful for relative valuation.

ASS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ASS's PE Ratio compare to its peers?

ASS PE Ratio vs Peers
The above table shows the PE ratio for ASS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.5x
N1H N1 Holdings
50.1xn/aAU$17.3m
EGF East Gosford & Districts Financial Services
13.9xn/aAU$258.7k
DCE Manningham Community Enterprises
11.1xn/aAU$1.3m
LCB Logan Community Financial Services
7xn/aAU$1.6m
ASS Asset Resolution
0.03xn/aAU$83.4k

Price-To-Earnings vs Peers: ASS is good value based on its Price-To-Earnings Ratio (0x) compared to the peer average (21.5x).


Price to Earnings Ratio vs Industry

How does ASS's PE Ratio compare vs other companies in the Global Mortgage Industry?

Price-To-Earnings vs Industry: ASS is good value based on its Price-To-Earnings Ratio (0x) compared to the Oceanic Mortgage industry average (10.8x)


Price to Earnings Ratio vs Fair Ratio

What is ASS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio0.03x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ASS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ASS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASS (A$0.03) is trading below our estimate of fair value (A$0.58)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Asset Resolution forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.9%

Forecasted Banks 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 Asset Resolution 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.


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  • Examine whether Asset Resolution is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Asset Resolution performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


59.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASS has a high level of non-cash earnings.

Growing Profit Margin: ASS's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: ASS has become profitable over the past 5 years, growing earnings by 59.9% per year.

Accelerating Growth: ASS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASS had negative earnings growth (-41%) over the past year, making it difficult to compare to the Mortgage industry average (8.5%).


Return on Equity

High ROE: ASS's Return on Equity (17.6%) is considered low.


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Financial Health

How is Asset Resolution's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

1/6

Financial Health Score 1/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: ASS's Assets to Equity ratio (1x) is low.

Allowance for Bad Loans: Insufficient data to determine if ASS has a sufficient allowance for bad loans.

Low Risk Liabilities: ASS reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.

Loan Level: Insufficient data to determine if ASS has an appropriate level of Loans to Assets ratio.

Low Risk Deposits: ASS reports no customer deposits, loans are made up entirely of externally borrowed funds.

Level of Bad Loans: Insufficient data to determine if ASS has an appropriate level of bad loans.


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Dividend

What is Asset Resolution current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ASS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ASS'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 ASS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ASS's dividend payments have been increasing.


Current Payout to Shareholders

Earnings 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 ASS's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average board tenure


CEO

Asset Resolution has no CEO, or we have no data on them.


Board Members

Experienced Board: ASS's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Asset Resolution Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Asset Resolution Limited
  • Ticker: ASS
  • Exchange: NSX
  • Founded: 2012
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: AU$83.445k
  • Shares outstanding: 3.34m
  • Website: https://www.arlimited.com.au

Number of Employees


Location

  • Asset Resolution Limited
  • 60 Hindmarsh Square
  • Unit 3B, Level 3
  • Adelaide
  • South Australia
  • 5000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/02 00:00
End of Day Share Price2022/07/14 00:00
Earnings2021/12/31
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.