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A1 Investments & Resources

ASX:AYI
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AYI
ASX
A$11M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

A1 Investments & Resources Ltd, an investment company, engages in the agriculture business in Australia and Asia. The last earnings update was 102 days ago. More info.


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AYI Share Price and Events
7 Day Returns
0%
ASX:AYI
-6.1%
AU Capital Markets
-3.8%
AU Market
1 Year Returns
-
ASX:AYI
9.6%
AU Capital Markets
-7.2%
AU Market
AYI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
A1 Investments & Resources (AYI) 0% 0% - - 0% 0%
AU Capital Markets -6.1% -8.9% -11.2% 9.6% 42.6% 87.8%
AU Market -3.8% -7.5% -10.5% -7.2% 14.8% -0.3%
1 Year Return vs Industry and Market
  • No trading data on AYI.
  • No trading data on AYI.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is A1 Investments & Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of A1 Investments & Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for A1 Investments & Resources.

ASX:AYI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Last reported Return on Equity.
= Stable Book Value * Return on Equity
= A$0.00 * 114.9%
A$0.00
Book Value of Equity per Share Median Book Value from the past 5 years. A$0.00
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:AYI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.8%
Equity Risk Premium S&P Global 7.2%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.37 (1 + (1- 30%) (13.76%))
0.405
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.77% + (0.8 * 7.23%)
8.55%

Discounted Cash Flow Calculation for ASX:AYI using Excess Returns Model Model

The calculations below outline how an intrinsic value for A1 Investments & Resources is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ASX:AYI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (114.9% – 8.55%) * A$0.00)
A$0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.00 / (8.55% - 2.77%)
A$0.00
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$0.00 + A$0.00
A$0
ASX:AYI Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.00
Current discount Discount to share price of A$0.00
= -1 x (A$0.00 - A$0.00) / A$0.00
-636.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of A1 Investments & Resources is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for A1 Investments & Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are A1 Investments & Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AYI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$-0.00
ASX:AYI Share Price ** ASX (2018-09-13) in AUD A$0
Australia Capital Markets Industry PE Ratio Median Figure of 22 Publicly-Listed Capital Markets Companies 14.08x
Australia Market PE Ratio Median Figure of 557 Publicly-Listed Companies 14.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of A1 Investments & Resources.

ASX:AYI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:AYI Share Price ÷ EPS (both in AUD)

= 0 ÷ -0.00

-10.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • A1 Investments & Resources is loss making, we can't compare its value to the AU Capital Markets industry average.
  • A1 Investments & Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does A1 Investments & Resources's expected growth come at a high price?
Raw Data
ASX:AYI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Capital Markets Industry PEG Ratio Median Figure of 10 Publicly-Listed Capital Markets Companies 2.02x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for A1 Investments & Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on A1 Investments & Resources's assets?
Raw Data
ASX:AYI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$-0.00
ASX:AYI Share Price * ASX (2018-09-13) in AUD A$0
Australia Capital Markets Industry PB Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 1.41x
Australia Market PB Ratio Median Figure of 1,652 Publicly-Listed Companies 1.68x
ASX:AYI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:AYI Share Price ÷ Book Value per Share (both in AUD)

= 0 ÷ -0.00

-7.35x

* Primary Listing of A1 Investments & Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • A1 Investments & Resources has negative assets, we can't compare the value of its assets to the AU Capital Markets industry average.
X
Value checks
We assess A1 Investments & Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. A1 Investments & Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is A1 Investments & Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 A1 Investments & Resources 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is A1 Investments & Resources expected to grow at an attractive rate?
  • Unable to compare A1 Investments & Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare A1 Investments & Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare A1 Investments & Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:AYI Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Australia Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:AYI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:AYI Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 0 -1 -1
2018-03-31 0 -1 -1
2017-12-31 0 -1 -1
2017-09-30 0 -1 -1
2017-06-30 0 -1 -1
2017-03-31 -0 -1 -1
2016-12-31 -1 -1 -2
2016-09-30 -0 -1 -1
2016-06-30 1 -1 -0
2016-03-31 1 -1 -0
2015-12-31 2 -1 -1
2015-09-30 1 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if A1 Investments & Resources is high growth as no earnings estimate data is available.
  • Unable to determine if A1 Investments & Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:AYI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from A1 Investments & Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AYI Past Financials Data
Date (Data in AUD Millions) EPS *
2018-06-30 -0.00
2018-03-31 -0.00
2017-12-31 -0.00
2017-09-30 -0.00
2017-06-30 -0.00
2017-03-31 -0.00
2016-12-31 -0.00
2016-09-30 -0.00
2016-06-30 -0.00
2016-03-31 -0.00
2015-12-31 -0.00
2015-09-30 -0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if A1 Investments & Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of AYI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. A1 Investments & Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. A1 Investments & Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess A1 Investments & Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
A1 Investments & Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has A1 Investments & Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare A1 Investments & Resources's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • A1 Investments & Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare A1 Investments & Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare A1 Investments & Resources's 1-year growth to the AU Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
A1 Investments & Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from A1 Investments & Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AYI Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 0.29 -1.08 0.83
2018-03-31 0.33 -0.99 0.77
2017-12-31 0.36 -0.90 0.68
2017-09-30 0.34 -1.16 0.91
2017-06-30 0.31 -1.41 1.18
2017-03-31 -0.33 -1.50 0.97
2016-12-31 -0.98 -1.58 0.75
2016-09-30 -0.14 -0.97 0.80
2016-06-30 0.69 -0.36 0.84
2016-03-31 1.36 -0.45 1.18
2015-12-31 1.87 -0.54 1.52
2015-09-30 1.02 -0.84 1.24
2015-06-30 0.17 -1.15 0.96
2014-12-31 0.00 -0.87 0.49
2014-09-30 0.06 -1.22 0.86
2014-06-30 0.11 -1.58 1.24
2013-12-31 0.02 -1.84 1.02
2013-09-30 0.04 -2.15 0.61
2013-06-30 0.07 -2.47 0.21
2013-03-31 0.08 -4.15 0.44
2012-12-31 0.06 -5.30 0.47
2012-09-30 0.06 -4.83 0.39
2012-06-30 0.05 -4.35 0.32
2012-03-31 0.15 -2.65 -0.07 0.11
2011-12-31 0.24 -0.95 -0.46 0.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if A1 Investments & Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if A1 Investments & Resources has efficiently used its assets last year compared to the AU Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if A1 Investments & Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess A1 Investments & Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
A1 Investments & Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is A1 Investments & Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up A1 Investments & Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • A1 Investments & Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • A1 Investments & Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of A1 Investments & Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • A1 Investments & Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from A1 Investments & Resources Company Filings, last reported 5 months ago.

ASX:AYI Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 -1.48 1.49 0.07
2018-03-31 -1.48 1.49 0.07
2017-12-31 -0.94 1.07 0.10
2017-09-30 -0.94 1.07 0.10
2017-06-30 -0.40 0.47 0.03
2017-03-31 -0.40 0.47 0.03
2016-12-31 0.09 4.05 0.48
2016-09-30 0.09 4.05 0.48
2016-06-30 1.41 0.33 0.86
2016-03-31 1.41 0.33 0.86
2015-12-31 2.23 0.91 0.58
2015-09-30 2.23 0.91 0.58
2015-06-30 2.39 0.91 2.11
2014-12-31 0.30 0.85 1.09
2014-09-30 0.30 0.85 1.09
2014-06-30 -1.52 2.59 0.33
2013-12-31 -1.13 2.83 0.65
2013-09-30 -1.13 2.83 0.65
2013-06-30 0.23 2.83 1.37
2013-03-31 0.23 2.83 1.37
2012-12-31 2.17 3.09 3.05
2012-09-30 2.17 3.09 3.05
2012-06-30 3.96 2.84 4.17
2012-03-31 3.96 2.84 4.17
2011-12-31 7.32 3.03 7.78
  • A1 Investments & Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if A1 Investments & Resources's debt level has increased considering it has negative shareholder equity.
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.

  • A1 Investments & Resources has less than a year of cash runway based on current free cash flow.
  • A1 Investments & Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 12.2% each year.
X
Financial health checks
We assess A1 Investments & Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. A1 Investments & Resources has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is A1 Investments & Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from A1 Investments & Resources dividends.
If you bought A$2,000 of A1 Investments & Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate A1 Investments & Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate A1 Investments & Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:AYI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 420 Stocks 4.8%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.8%
Australia Bottom 25% Dividend Yield 25th Percentile 2.8%
Australia Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as A1 Investments & Resources has not reported any payouts.
  • Unable to verify if A1 Investments & Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of A1 Investments & Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as A1 Investments & Resources 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.
X
Income/ dividend checks
We assess A1 Investments & Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can A1 Investments & Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. A1 Investments & Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of A1 Investments & Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kazuya Nakamura
COMPENSATION A$116,317
AGE 53
CEO Bio

Mr. Charlie Nakamura, also known as Kazuya, B.IE (U.Nihon, Japan), MBA (U.Dubuque, USA) serves as the Chief Executive Officer and Managing Director of A1 Investments & Resources Ltd. Mr. Nakamura serves as the Managing Director at Jinji Resources Pty Ltd. Mr. Nakamura served as the Head of the corporate finance department for the Japanese corporations, which includes Toyota, Mitsubishi Corporation, Mitsui Corporation and many other major Japanese companies in Australia. He served as an Executive Director of China Century Capital Ltd. since October 2011 and Chief Executive Officer since November 7, 2011. He worked for the Tokai Bank, Limited (a major Japanese bank that has merged and become the current Bank of Tokyo-Mitsbishi UFJ) from 1991 to 2002. During his time in Tokai Bank, his major activities included corporate finance, project finance, structure finance and international trading. In 1998, he transferred to Tokai Australia Finance Corporation, Tokai Bank's Australian subsidiary. In 2000, Tokai joined the project finance (PF) deal with BHP and Mitsubishi Corporation. He was Tokai's representative for this PF, which was well known as the “Blackwater” coking coal-mining project. After a successful completion of the Blackwater project, he was involved in various resource projects. In 2002, he finished working for Tokai Australia Finance Corporation and established a mortgage finance company in Sydney. Mr. Nakamura has been an Executive Director of A1 Investments & Resources Ltd. since November 7, 2011. Mr. Nakamura has been a Director of China Century Capital Ltd., since October 2011 and serves as Director of Jinji Resources Pty Ltd. He holds a B.IE. from Nihon University, Japan and an MBA from Universoty of Dubuque, USA.

CEO Compensation
  • Kazuya's compensation has increased whilst company is loss making.
  • Kazuya's remuneration is lower than average for companies of similar size in Australia.
Management Team

Peter Ashcroft

TITLE
Executive Chairman
COMPENSATION
A$100K
AGE
66

Kazuya Nakamura

TITLE
CEO, MD & Executive Director
COMPENSATION
A$116K
AGE
53

Peter Kao

TITLE
Chief Operating Officer
COMPENSATION
A$33K
AGE
37
TENURE
9.8 yrs
Board of Directors

Peter Ashcroft

TITLE
Executive Chairman
COMPENSATION
A$100K
AGE
66

Kazuya Nakamura

TITLE
CEO, MD & Executive Director
COMPENSATION
A$116K
AGE
53
TENURE
7.1 yrs

Takashi Araya

TITLE
Non-Executive Director
AGE
59
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess A1 Investments & Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. A1 Investments & Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Why A1 Investments and Resources Limited's (ASX:AYI) Investor Composition Impacts Your Returns

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in AYI need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Does A1 Investments and Resources Limited's (ASX:AYI) CEO Pay Reflect Performance?

See our latest analysis for A1 Investments and Resources What has AYI's performance been like? … Typically I would look at market cap and earnings as a proxy for performance, however, AYI's negative earnings reduces the effectiveness of this method. … If you have not done so already, I urge you to complete your research by taking a look at the following: Governance: To find out more about AYI's governance, look through our infographic report of the company's board and management.

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Are Earnings Prospects Improving For Loss-Making A1 Investments and Resources Limited's (ASX:AYI)?

Check out our latest analysis for A1 Investments and Resources How Well Did AYI Perform? … For A1 Investments and Resources, its latest earnings (trailing twelve month) is -AU$902.03K, which, against the prior year's level, has become less negative. … ASX:AYI Income Statement Feb 23rd 18 We can further evaluate A1 Investments and Resources's loss by looking at what the industry has been experiencing over the past few years.

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Who Are The Major Shareholders In A1 Investments and Resources Limited (ASX:AYI)?

Insider Ownership Another important group of shareholders are company insiders. … Private Company Ownership Another important group of owners for potential investors in AYI are private companies that hold a stake of 73.88% in AYI. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.What this means for you: With a low level of institutional ownership, investors in AYI need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Why A1 Investments and Resources Limited's (ASX:AYI) CEO Salary Matters To You

Normally I'd use market cap and profit as factors determining performance, however, AYI's negative earnings reduces the effectiveness of this method. … Hopefully this article has given you insight on how shareholders should think about AYI's governance policies such as CEO pay. … To find out more about AYI's governance, look through our infographic report of the company's board and management.

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What Can We Expect for A1 Investments and Resources Limited (ASX:AYI) Moving Forward?

ASX:AYI PE PEG Gauge Nov 7th 17 The capital markets industry is trading at a PE ratio of 22x, relatively similar to the rest of the Australian stock market PE of 17x. … If your initial investment thesis is around the growth prospects of AYI, there are other capital markets companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its capital markets peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

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Who Are The Top Investors In A1 Investments and Resources Limited (ASX:AYI)?

Today, I will be analyzing A1 Investments and Resources Limited’s (ASX:AYI) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Institutional ownership level and composition in AYI is not high nor active enough to significantly impact its investment thesis.

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Company Info

Map
Description

A1 Investments & Resources Ltd, an investment company, engages in the agriculture business in Australia and Asia. It also engages in healthcare and resources sectors. The company was formerly known as Jinji Resources Pty Ltd and changed its name to A1 Investments & Resources Ltd as a result of merger with China Century Capital Limited in 2011. A1 Investments & Resources Ltd was founded in 2007 and is headquartered in Sydney, Australia.

Details
Name: A1 Investments & Resources Ltd
AYI
Exchange: ASX
Founded: 2007
A$10,807,266
10,807,266,550
Website: http://www.a1investments.com.au
Address: A1 Investments & Resources Ltd
37 Bligh Street,
Suite 606,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AYI Ordinary Shares Australian Securities Exchange AU AUD 30. Oct 2011
Number of employees
Current staff
Staff numbers
0
A1 Investments & Resources employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/11 10:35
End of day share price update: 2018/09/13 00:00
Last earnings filing: 2018/08/31
Last earnings reported: 2018/06/30
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.