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EDC

Eildon Capital FundASX:EDC Stock Report

Market Cap

AU$47.1m

7D

2.0%

1Y

5.3%

Updated

15 Oct, 2021

Data

Company Financials
EDC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends2/6

EDC Overview

Eildon Capital Fund is a real estate investment firm specializing in senior financing, preferred equity, mezzanine and bridge financing, and equity financing.

Price History & Performance

Summary of all time highs, changes and price drops for Eildon Capital Fund
Historical stock prices
Current Share PriceAU$1.00
52 Week HighAU$0.93
52 Week LowAU$1.10
Beta0.39
1 Month Change-2.44%
3 Month Change-2.44%
1 Year Change5.26%
3 Year Change0%
5 Year Changen/a
Change since IPO-7.41%

Recent News & Updates

Sep 24
Eildon Capital Fund (ASX:EDC) Has Announced A Dividend Of AU$0.02

Eildon Capital Fund (ASX:EDC) Has Announced A Dividend Of AU$0.02

The board of Eildon Capital Fund ( ASX:EDC ) has announced that it will pay a dividend on the 22nd of October, with...

Jun 26
Eildon Capital Fund's (ASX:EDC) Upcoming Dividend Will Be Larger Than Last Year's

Eildon Capital Fund's (ASX:EDC) Upcoming Dividend Will Be Larger Than Last Year's

Eildon Capital Fund's ( ASX:EDC ) dividend will be increasing to AU$0.02 on 23rd of July. This makes the dividend yield...

Feb 17
What To Know Before Buying Eildon Capital Fund (ASX:EDC) For Its Dividend

What To Know Before Buying Eildon Capital Fund (ASX:EDC) For Its Dividend

Could Eildon Capital Fund ( ASX:EDC ) be an attractive dividend share to own for the long haul? Investors are often...

Shareholder Returns

EDCAU Capital MarketsAU Market
7D2.0%-0.08%0.1%
1Y5.3%19.3%19.3%

Return vs Industry: EDC underperformed the Australian Capital Markets industry which returned 19.3% over the past year.

Return vs Market: EDC underperformed the Australian Market which returned 19.3% over the past year.

Price Volatility

Is EDC's price volatile compared to industry and market?
EDC volatility
EDC Beta0.39
Industry Beta0.98
Market Beta1

Stable Share Price: EDC is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EDC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993n/aMark Averyhttps://www.eildonfunds.com/index.html

Eildon Capital Fund is a real estate investment firm specializing in senior financing, preferred equity, mezzanine and bridge financing, and equity financing. The firm participates in retail, industrial, residential and commercial opportunities. Eildon Capital Fund was founded in 1993 and is based in Melbourne, Australia and having an additional office in Sydney, Australia.

Eildon Capital Fund Fundamentals Summary

How do Eildon Capital Fund's earnings and revenue compare to its market cap?
EDC fundamental statistics
Market CapAU$47.08m
Earnings (TTM)AU$1.01m
Revenue (TTM)AU$10.63m

46.8x

P/E Ratio

4.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EDC income statement (TTM)
RevenueAU$10.63m
Cost of RevenueAU$0
Gross ProfitAU$10.63m
ExpensesAU$9.62m
EarningsAU$1.01m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.021
Gross Margin100.00%
Net Profit Margin9.47%
Debt/Equity Ratio0%

How did EDC perform over the long term?

See historical performance and comparison

Dividends

7.9%

Current Dividend Yield

336%

Payout Ratio

Valuation

Is Eildon Capital Fund undervalued compared to its fair value and its price relative to the market?

47.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EDC (A$1) is trading below our estimate of fair value (A$1.89)

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


Price To Earnings Ratio

PE vs Industry: EDC is poor value based on its PE Ratio (46.8x) compared to the Australian Capital Markets industry average (18.1x).

PE vs Market: EDC is poor value based on its PE Ratio (46.8x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EDC is overvalued based on its PB Ratio (5.3x) compared to the AU Capital Markets industry average (1.4x).


Future Growth

How is Eildon Capital Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.1%

Forecasted Diversified Financials 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 Eildon Capital Fund 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 Eildon Capital Fund performed over the past 5 years?

-3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EDC has a large one-off loss of A$1.5M impacting its June 30 2021 financial results.

Growing Profit Margin: EDC's current net profit margins (9.5%) are lower than last year (52.5%).


Past Earnings Growth Analysis

Earnings Trend: EDC's earnings have declined by 3.5% per year over the past 5 years.

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

Earnings vs Industry: EDC had negative earnings growth (-75.4%) over the past year, making it difficult to compare to the Capital Markets industry average (12.8%).


Return on Equity

High ROE: EDC's Return on Equity (9.5%) is considered low.


Financial Health

How is Eildon Capital Fund's financial position?


Financial Position Analysis

Short Term Liabilities: EDC's short term assets (A$40.0M) exceed its short term liabilities (A$2.0M).

Long Term Liabilities: EDC's short term assets (A$40.0M) exceed its long term liabilities (A$1.6M).


Debt to Equity History and Analysis

Debt Level: EDC is debt free.

Reducing Debt: EDC had no debt 5 years ago.

Debt Coverage: EDC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: EDC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Eildon Capital Fund current dividend yield, its reliability and sustainability?

7.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EDC's dividend (7.95%) is higher than the bottom 25% of dividend payers in the Australian market (2.28%).

High Dividend: EDC's dividend (7.95%) is in the top 25% of dividend payers in the Australian market (5.31%)


Stability and Growth of Payments

Stable Dividend: EDC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: EDC's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (336.5%), EDC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Mark Avery

6.75yrs

Tenure

Mr. Mark Anthony Avery, B.Com. Pl.Ds. (UOM), has been Chief Executive Officer at CVC Limited since August 1, 2019 and its Executive Director since July 1, 2019 and serves as its Managing Director.He serve...


Leadership Team

Experienced Management: EDC's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15%.


Top Shareholders

Company Information

Eildon Capital Fund's employee growth, exchange listings and data sources


Key Information

  • Name: Eildon Capital Fund
  • Ticker: EDC
  • Exchange: ASX
  • Founded: 1993
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$47.075m
  • Shares outstanding: 47.08m
  • Website: https://www.eildonfunds.com/index.html

Location

  • Eildon Capital Fund
  • Level 6
  • 330 Collins Street
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:45
End of Day Share Price2021/10/15 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.