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Asset Resolution

Market Cap

AU$14.1m

Last Updated

2021/05/07 17:21 UTC

Data Sources

Company Financials

Executive Summary

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


Snowflake Analysis

Acceptable track record and slightly overvalued.

Share Price & News

How has Asset Resolution's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

0%

ASS

-1.2%

AU Mortgage

0.3%

AU Market


1 Year Return

n/a

ASS

38.3%

AU Mortgage

35.9%

AU Market

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.


Shareholder returns

ASSIndustryMarket
7 Day0%-1.2%0.3%
30 Day0%2.3%1.8%
90 Day7.6%1.7%2.8%
1 Yearn/a40.5%38.3%39.9%35.9%
3 Year77.9%77.9%28.3%4.0%30.1%14.7%
5 Yearn/a49.8%-6.0%60.1%29.9%

Long-Term Price Volatility Vs. Market

How volatile is Asset Resolution's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Asset Resolution undervalued compared to its fair value and its price relative to the market?

2.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASS (A$4.31) is trading above our estimate of fair value (A$0.41)

Significantly Below Fair Value: ASS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASS is good value based on its PE Ratio (2.5x) compared to the AU Mortgage industry average (13.4x).

PE vs Market: ASS is good value based on its PE Ratio (2.5x) compared to the Australian market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASS's PB Ratio (0.9x) is in line with the AU Mortgage industry average.


Future Growth

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

4.7%

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.


Past Performance

How has Asset Resolution performed over the past 5 years?

39.9%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: ASS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ASS's earnings have grown significantly by 39.9% per year over the past 5 years.

Accelerating Growth: ASS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ASS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage industry (15.2%).


Return on Equity

High ROE: ASS's Return on Equity (36.6%) is considered high.


Financial Health

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


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.


Dividend

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


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

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 ASS'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?

3.3yrs

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 (3.3 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 company bio, 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
  • Market Cap: AU$14.142m
  • Shares outstanding: 3.29m
  • 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


Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 17:21
End of Day Share Price2021/03/16 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.