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Aberdeen International

TSX:AAB
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AAB
TSX
CA$4M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Aberdeen International Inc. operates as a resource investment company and merchant bank focusing on small capitalization companies in the metals and mining sector. The last earnings update was 37 days ago. More info.


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AAB Share Price and Events
7 Day Returns
12.5%
TSX:AAB
-0.6%
CA Capital Markets
-0.1%
CA Market
1 Year Returns
-64%
TSX:AAB
-2.4%
CA Capital Markets
-2.3%
CA Market
AAB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aberdeen International (AAB) 12.5% 28.6% 0% -64% -71.9% -70%
CA Capital Markets -0.6% -0.7% 2.6% -2.4% 16.2% -12%
CA Market -0.1% -0.5% -2.3% -2.3% 7.4% -0.2%
1 Year Return vs Industry and Market
  • AAB underperformed the Capital Markets industry which returned -2.4% over the past year.
  • AAB underperformed the Market in Canada which returned -2.3% over the past year.
Price Volatility
AAB
Industry
5yr Volatility vs Market

Value

 Is Aberdeen International 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 Aberdeen International 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 Aberdeen International.

TSX:AAB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$0.39 * 20.2%
CA$0.08
Book Value of Equity per Share Median Book Value from the past 5 years. CA$0.39
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

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 TSX:AAB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.659 (1 + (1- 26.5%) (0%))
0.772
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)
= 1.95% + (0.8 * 5.96%)
6.72%

Discounted Cash Flow Calculation for TSX:AAB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Aberdeen International 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.

TSX:AAB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (20.2% – 6.72%) * CA$0.39)
CA$0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$0.05 / (6.72% - 1.95%)
CA$1.10
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$0.39 + CA$1.10
CA$1.49
TSX:AAB Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$1.49
Current discount Discount to share price of CA$0.05
= -1 x (CA$0.05 - CA$1.49) / CA$1.49
97%

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

Current Discount
Amount off the current price Aberdeen International is available for.
Intrinsic value
>50%
Share price is CA$0.05 vs Future cash flow value of CA$1.49
Current Discount Checks
For Aberdeen International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aberdeen International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Aberdeen International's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Aberdeen International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aberdeen International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:AAB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$-0.18
TSX:AAB Share Price ** TSX (2019-07-18) in CAD CA$0.05
Canada Capital Markets Industry PE Ratio Median Figure of 20 Publicly-Listed Capital Markets Companies 10.97x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 15.38x

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

** Primary Listing of Aberdeen International.

TSX:AAB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:AAB Share Price ÷ EPS (both in CAD)

= 0.05 ÷ -0.18

-0.25x

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

  • Aberdeen International is loss making, we can't compare its value to the CA Capital Markets industry average.
  • Aberdeen International is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Aberdeen International's expected growth come at a high price?
Raw Data
TSX:AAB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
47%per year
North America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 2.43x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.22x

*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 Aberdeen International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Aberdeen International's assets?
Raw Data
TSX:AAB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$0.26
TSX:AAB Share Price * TSX (2019-07-18) in CAD CA$0.05
Canada Capital Markets Industry PB Ratio Median Figure of 156 Publicly-Listed Capital Markets Companies 1.24x
Canada Market PB Ratio Median Figure of 2,442 Publicly-Listed Companies 1.46x
TSX:AAB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:AAB Share Price ÷ Book Value per Share (both in CAD)

= 0.05 ÷ 0.26

0.18x

* Primary Listing of Aberdeen International.

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

  • Aberdeen International is good value based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Aberdeen International'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. Aberdeen International has a total score of 3/6, 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 Aberdeen International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Aberdeen International, future earnings growth has been estimated based on fundamentals.
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
47%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aberdeen International expected to grow at an attractive rate?
  • Aberdeen International's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Aberdeen International's earnings growth is expected to exceed the Canada market average.
  • Unable to compare Aberdeen International's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:AAB Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:AAB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 47%
Canada Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.5%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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
TSX:AAB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:AAB Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 -16 -5 -17
2019-01-31 -24 0 -26
2018-10-31 -13 0 -18
2018-07-31 -5 -4 -10
2018-04-30 15 4 9
2018-01-31 23 0 17
2017-10-31 16 -1 11
2017-07-31 12 5 7
2017-04-30 -1 -2 -6
2017-01-31 15 1 10
2016-10-31 12 0 9
2016-07-31 14 2 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aberdeen International's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Aberdeen International 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
TSX:AAB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Aberdeen International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AAB Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 -0.18
2019-01-31 -0.27
2018-10-31 -0.19
2018-07-31 -0.11
2018-04-30 0.09
2018-01-31 0.18
2017-10-31 0.12
2017-07-31 0.08
2017-04-30 -0.07
2017-01-31 0.11
2016-10-31 0.10
2016-07-31 0.11

*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 Aberdeen International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Aberdeen International'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 Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada 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.
Aberdeen International has a total score of 3/6, 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 Aberdeen International 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 Aberdeen International'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.
  • Aberdeen International does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Aberdeen International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Aberdeen International's 1-year growth to the CA Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Aberdeen International'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 Aberdeen International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AAB Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 -15.89 -17.50 1.61
2019-01-31 -24.29 -25.95 1.67
2018-10-31 -13.45 -18.46 5.15
2018-07-31 -5.01 -10.21 5.33
2018-04-30 14.86 8.87 5.71
2018-01-31 22.67 16.57 5.82
2017-10-31 15.73 10.73 4.51
2017-07-31 12.03 7.23 4.31
2017-04-30 -1.23 -5.97 4.13
2017-01-31 14.90 9.80 4.35
2016-10-31 12.10 9.45 2.52
2016-07-31 14.36 10.80 3.05
2016-04-30 5.72 2.50 3.21
2016-01-31 -6.28 -9.72 3.26
2015-10-31 -0.21 -6.42 6.55
2015-07-31 -2.82 -8.56 6.61
2015-04-30 -0.85 -12.19 7.24
2015-01-31 -2.77 -13.82 7.52
2014-10-31 -9.21 -19.18 4.97
2014-07-31 -8.74 -18.45 5.31
2014-04-30 -4.93 -10.04 6.73
2014-01-31 -13.52 -16.29 6.80
2013-10-31 -13.95 -22.09 6.33
2013-07-31 -5.99 -15.81 6.00
2013-04-30 -10.83 -22.13 7.16
2013-01-31 -20.41 -30.63 8.96
2012-10-31 -35.55 -39.84 8.96
2012-07-31 -50.14 -52.31 9.00

*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 Aberdeen International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Aberdeen International has efficiently used its assets last year compared to the CA Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Aberdeen International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Aberdeen International'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.
Aberdeen International 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 Aberdeen International'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 Aberdeen International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aberdeen International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aberdeen International has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aberdeen International'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.
  • Low level of unsold assets.
  • Aberdeen International has no debt, it does not need to be 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 Aberdeen International Company Filings, last reported 2 months ago.

TSX:AAB Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 24.52 0.00 19.40
2019-01-31 26.80 0.00 21.89
2018-10-31 28.58 0.00 21.56
2018-07-31 35.74 0.00 29.26
2018-04-30 41.88 0.00 37.68
2018-01-31 52.57 0.00 50.55
2017-10-31 46.78 0.00 44.52
2017-07-31 44.68 0.00 42.24
2017-04-30 31.66 0.00 27.36
2017-01-31 34.56 0.00 33.59
2016-10-31 34.63 0.00 33.65
2016-07-31 37.10 0.00 37.22
2016-04-30 38.61 0.00 41.36
2016-01-31 25.89 0.00 23.11
2015-10-31 26.48 0.00 18.13
2015-07-31 27.65 1.11 25.28
2015-04-30 36.26 2.98 37.93
2015-01-31 35.85 0.39 37.03
2014-10-31 31.07 0.00 28.51
2014-07-31 34.33 0.00 33.86
2014-04-30 46.49 0.00 40.53
2014-01-31 47.50 0.00 41.73
2013-10-31 49.51 0.00 42.23
2013-07-31 51.82 0.00 45.81
2013-04-30 55.19 0.00 50.66
2013-01-31 65.45 4.24 56.65
2012-10-31 73.89 0.00 46.97
2012-07-31 71.31 0.00 53.29
  • Aberdeen International has no debt.
  • Aberdeen International had no debt 5 years ago.
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.

  • Aberdeen International has sufficient cash runway for more than 3 years based on current free cash flow.
  • Aberdeen International has sufficient cash runway for 2.4 years if free cash flow continues to grow at historical rates of 76.8% each year.
X
Financial health checks
We assess Aberdeen International'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. Aberdeen International has a total score of 6/6, 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 Aberdeen International'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 Aberdeen International dividends.
If you bought CA$2,000 of Aberdeen International shares you are expected to receive CA$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 Aberdeen International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aberdeen International'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
TSX:AAB 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
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

TSX:AAB Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2014-09-15 0.000 0.000
2014-06-16 0.000 0.000
2014-05-01 0.000 0.000
2013-12-16 0.000 0.000
2013-09-16 0.000 0.000
2013-06-14 0.000 0.000
2013-02-20 0.000 0.000
2012-12-17 0.020 5.828
2012-09-14 0.020 5.877
2012-06-14 0.020 5.226
2012-02-21 0.020 4.023
2011-12-14 0.020 3.336
2011-09-20 0.020 3.072
2011-07-13 0.020 2.478
2011-02-16 0.020 2.367

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

  • Unable to perform a dividend volatility check as Aberdeen International has not reported any payouts.
  • Unable to verify if Aberdeen International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aberdeen International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aberdeen International 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 Aberdeen International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Aberdeen International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aberdeen International 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 Aberdeen International'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
Stan Bharti
COMPENSATION CA$374,892
AGE 67
TENURE AS CEO 2.9 years
CEO Bio

Mr. Stalin Bharti, also known as Stan, P.Eng, M.Sc., DIC, C.Eng, serves as strategic Consultant of Desert Lion Energy Inc. since January 1, 2017. Mr. Bharti serves as the Managing Partner and Executive Chairman of the Board at Great Lakes Capital Management Inc. Mr. Bharti serves as the President and Chief Executive Officer of Forbes & Manhattan, Inc. He has been the Interim Chief Executive Officer and Interim President of Aberdeen International Inc. since August 1, 2016. He has been a Strategic Advisor of Apogee Silver Ltd., since March 2012. He serves as an Executive Officer of Black Iron, Inc. He is a Business Consultant at Troilus Gold Corp. He serves as Consultant at Trigon Metals Inc. He is experienced in operations, public markets and finance. From 2005 to 2011 he was a Director and consultant to Consolidated Thompson Iron Mines Limited (which was acquired by Cliffs Natural Resources Inc. in 2011). He was the Founder of Avion Gold Corporation. He served as the President of Canickel Mining, Ltd. from October 18, 2004 to May 15, 2005 and Chief Executive Officer from October 18, 2004 to March 2005. He served as the Chief Executive Officer of Desert Sun Mining Corp and its President from 2002 to April 2006. He served as the President of Cliffs Quebec Iron Mining Limited from June 2005 to September 2005, Chief Executive Officer since June 2005 also its Consultant since July 2009. He served as the Chief Executive Officer of Beartooth Platinum Corp. from October 18, 2004 to March 15, 2005 and its President from October 1, 2004 to March 15, 2005. He co-founded Athlone Global Security Ltd. and serves as its Chairman of the Board. Mr. Bharti is the Founder and Chairman of the Board of Forbes & Manhattan, Inc. He serves as Chairman of the Board of Directors, Interim President and CEO of African Gold Group, Inc. since June 2019. He was the Chairman of African Gold Group, Inc. since April 2017 until November 2018, and has been its Director since April 25, 2017. He has been an Executive Chairman of Sulliden Mining Capital Inc. since August 5, 2014 and has been its Interim CEO since December 20, 2017. He serves as the Joint Chairman of Apio Africa Ltd. and has been its Director 2013. He served as the Chairman of Euro Sun Mining Inc and serves as Director since May 19, 2016. He serves as the Chairman of the Board at Falcon Metais Ltda; and Brazil Potash Corp. He has been the Executive Chairman of Aberdeen International Inc. since August 2005 and Central Sun Mining Inc. since November 2007. He serves as the Chairman of Coniston Investment Corp. He served as Executive Chairman of Shahuindo Gold Limited since September 2008. He served as Executive Chairman of Castillian Resources Corp.; Valencia Ventures Inc., from April 2005 to February 29, 2012; Apogee Silver Ltd. until December 9, 2010; QMX Gold Corporation until March 2012; Forbes & Manhattan Coal Corp. from February 18, 2007 to November 1, 2012; Troilus Gold Corp. until June 10, 2011; Longford Energy Inc until August 08, 2012, Earth Video Camera Inc. until August 8, 2012; Vast Exploration Inc. since May 8, 2007; Avion Gold Corporation from March 14, 2007 to January 28, 2011; Kria Resources Ltd.; Dacha Strategic Metals Inc., until November 28, 2012; Rodinia Lithium Inc., until February 23, 2017; Crocodile Gold Corp. (now Newmarket Gold Inc.) since November 2, 2009 until January 23, 2012; Alderon Iron Ore Corp., from March 3, 2010 to September 7, 2011; Canickel Mining, Ltd. from July 2009 to November 29, 2010 again from April 1, 2005 to September 10, 2007; Silver Bear Resources Plc from June 9, 2011 to July 10, 2017 and Coastal Gold Corp., from June 10, 2005 to November 24, 2011. He served as the Co-Chairman of Shahuindo Gold Limited. He served as the Chairman of the Board at Dynamite Resources Ltd. He served as the Chairman of Buffalo Coal Corp. from February 18, 2007 to November 1, 2012. He served as Executive Chairman of Routemaster Capital Inc. until February 23, 2017. He served as the Chairman of Brookwater Ventures Inc., until September 2012; Largo Resources Ltd. from January 20, 2005 to June 26, 2012; Nyah Resources Corp., Belo Sun Mining Corp from February 23, 2010 to February 1, 2012 and Sagres Energy Inc. from May 26, 2011 to September 2012. He served as the Chairman of Desert Sun Mining Corp. from February 28, 2002 to April 2006; Beartooth Platinum Corp. since March 2005 and Canickel Mining, Ltd. from April 1, 2005 to November 29, 2010. He served as the Non-Executive Chairman of Exile Resources, Inc since October 25, 2010. He served as Chairman of Stetson Oil and Gas Ltd. and its Director from August 03, 2006 to February 2012. Mr. Bharti served as the Chairman of Indo Gold Limited. He serves as a Vice Chairman of the Board at Athlone Bancorp, Inc. He served as Executive Vice Chairman at Routemaster Capital Inc. from April 2010 to April 2011 and served as its Director from September 2009 to April 2011. He served as a Vice Chairman of Alderon Iron Ore Corp. since September 7, 2011. He has been a Director of African Thunder Platinum Ltd since January 2015 and Shahuindo Gold Limited since September 2008. He serves as a Director of Temujin Mining Corp., C Sixty Inc., Silver Bear Corp and Aberdenn International Inc. He has been a Director at Athlone Investments Ltd. since 2013; Aberdeen International Inc. since August 18, 2005; Kria Resources Ltd. since February 6, 2004 and Garson Gold Corp. since December 23, 2009. He served as a Director of Belo Sun Mining Corp since February 23, 2010 until June 28, 2019. He served as a Director of Stetson Oil and Gas Ltd. since March 19, 2015 until February 13, 2017 and served as its Officer. He served as a Director of ARHT Media Inc. from October 15, 2014 to December 1, 2016 and Troilus Gold Corp. from September 30, 2005 to June 10, 2011. He served as Director of Canadian Royalties Inc. and MaxTech Ventures Inc. He served as Non-Independent Director of Silver Bear Resources Plc from June 9, 2011 to July 10, 2014. He served as Executive Director of Longford Energy Inc. from March 24, 2004 to August 08, 2012. He served as a Director of Buffalo Coal Corp. from February 18, 2007 to February 05, 2014, Sagres Energy Inc. since May 2011, Ridgemont Iron Ore Corp. from November 23, 2010 to May 02, 2011, Bell Copper Corporation from April 26, 2011 to February 28, 2012, Newmarket Gold Inc. from November 03, 2009 to January 23, 2012, Alderon Iron Ore Corp. since March 03, 2010, Dacha Strategic Metals Inc. from July 13, 2009 to November 28, 2012, Nyah Resources Corp., since February 18, 2007, Avion Gold Corporation from March 14, 2007 to June 26, 2012, Dynamite Resources Ltd. since June 14, 2006 and Apogee Silver Ltd. from May 17, 2006 to March 2012. He served as a Director at Rodinia Lithium Inc from September 2009 to April 2011, Vast Exploration Inc. since March 24, 2004 and Beartooth Platinum Corp. since February 06, 2004. He served as a Director of Longford Corp. since June 14, 2004; Coastal G

CEO Compensation
  • Stan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Stan's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Aberdeen International management team in years:

2.9
Average Tenure
55
Average Age
  • The tenure for the Aberdeen International management team is about average.
Management Team

Stan Bharti

TITLE
Executive Chairman
COMPENSATION
CA$375K
AGE
67
TENURE
2.9 yrs

George Faught

TITLE
Executive Vice-Chairman
COMPENSATION
CA$19K
AGE
69

Ryan Ptolemy

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$39K
AGE
43
TENURE
8.8 yrs

David Stein

TITLE
Consultant
COMPENSATION
CA$312K
AGE
43
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Aberdeen International board of directors in years:

4.5
Average Tenure
72.5
Average Age
  • The tenure for the Aberdeen International board of directors is about average.
Board of Directors

Stan Bharti

TITLE
Executive Chairman
COMPENSATION
CA$375K
AGE
67
TENURE
13.9 yrs

George Faught

TITLE
Executive Vice-Chairman
COMPENSATION
CA$19K
AGE
69
TENURE
7.1 yrs

Bernie Wilson

TITLE
Lead Director
COMPENSATION
CA$23K
AGE
76
TENURE
4.5 yrs

Maurice Colson

TITLE
Independent Director
COMPENSATION
CA$25K
AGE
76
TENURE
4.5 yrs

Lew MacKenzie

TITLE
Independent Director
COMPENSATION
CA$23K
AGE
79
TENURE
2.3 yrs

Wen Ye

TITLE
Independent Director
AGE
48
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Aberdeen International'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. Aberdeen International 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

Simply Wall St News

If You Had Bought Aberdeen International (TSE:AAB) Stock Five Years Ago, You'd Be Sitting On A 75% Loss, Today

Check out our latest analysis for Aberdeen International Aberdeen International hasn't yet reported any revenue yet, so it's as much a business idea as an actual business. … It seems likely some shareholders believe that Aberdeen International will significantly advance the business plan before too long. … A Different Perspective While the broader market gained around 2.0% in the last year, Aberdeen International shareholders lost 72%.

Simply Wall St -

Does Aberdeen International Inc. (TSE:AAB) Have A Particularly Volatile Share Price?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … View our latest analysis for Aberdeen International What AAB's beta value tells investors Looking at the last five years, Aberdeen International has a beta of 1.27. … What this means for you: Beta only tells us that the Aberdeen International share price is sensitive to broader market movements.

Simply Wall St -

How Should Investors Feel About Aberdeen International Inc.'s (TSE:AAB) CEO Pay?

Stan Bharti has been the CEO of Aberdeen International Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Stan Bharti's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Kind Of Shareholder Appears On The Aberdeen International Inc.'s (TSE:AAB) Shareholder Register?

Every investor in Aberdeen International Inc. … With a market capitalization of CA$4.8m, Aberdeen International is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Aberdeen International

Simply Wall St -

Before You Buy Aberdeen International Inc (TSE:AAB), Consider Its Volatility

If you're interested in Aberdeen International Inc (TSE:AAB), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

How Does Investing In Aberdeen International Inc (TSE:AAB) Impact Your Portfolio?

The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Not all stocks are expose to the same level of market risk. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

Simply Wall St -

Should You Be Tempted To Buy Aberdeen International Inc (TSE:AAB) Because Of Its PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Aberdeen International Inc (TSE:AAB)’s fundamentals and stock market performance. … Aberdeen International Inc (TSE:AAB) is currently trading at a trailing P/E of 1.5x, which is lower than the industry average of 12x.

Simply Wall St -

Can Aberdeen International Inc (TSE:AAB) Improve Your Portfolio Returns?

If you are looking to invest in Aberdeen International Inc’s (TSX:AAB), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … AAB, with its market capitalisation of CA$15.85M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Should You Be Concerned About Aberdeen International Inc's (TSE:AAB) Shareholders?

This level of insider ownership has been found to have a negative impact on companies with consistently low PE ratios (underperformers), while it has been positive in the case of high PE ratio firms (outperformers). … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … However, if you are building an investment case for AAB, ownership structure alone should not dictate your decision to buy or sell the stock.

Simply Wall St -

Want To Invest In Aberdeen International Inc (TSE:AAB)? Here's How It Performed Lately

In this article, I will take a look at Aberdeen International Inc's (TSX:AAB) most recent earnings update (31 October 2017) and compare these latest figures against its performance over the past few years, along with how the rest of AAB's industry performed. … View our latest analysis for Aberdeen International Commentary On AAB's Past Performance For the most up-to-date info, I use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Since these figures may be somewhat short-term, I’ve calculated an annualized five-year figure for AAB's earnings, which stands at -CA$10.46M This means that, generally, Aberdeen International has been able to increasingly raise its net income over the past couple of years as well.

Simply Wall St -

Company Info

Description

Aberdeen International Inc. operates as a resource investment company and merchant bank focusing on small capitalization companies in the metals and mining sector. It seeks to acquire equity participation in pre-IPO and early stage public resource companies with undeveloped or undervalued resources. The company invests in various mineral properties, including platinum/palladium and lithium/potash. It holds interests in Kalplats PGM development project located in Johannesburg, South Africa; and the Sal de los Angeles project, which comprises 32 mining claims covering an area of approximately 8,156 hectares located in Salta, Argentina. The company was formerly known as International Catalyst Ventures Inc. and changed its name to Aberdeen International Inc. in November 2001. Aberdeen International Inc. was incorporated in 1987 and is headquartered in Toronto, Canada.

Details
Name: Aberdeen International Inc.
AAB
Exchange: TSX
Founded: 1987
CA$4,322,352
96,052,282
Website: http://www.aberdeeninternational.ca
Address: Aberdeen International Inc.
65 Queen Street West,
Suite 815,
Toronto,
Ontario, M5H 2M5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX AAB Common Shares The Toronto Stock Exchange CA CAD 06. Mar 1990
OTCPK AABV.F Common Shares Pink Sheets LLC US USD 06. Mar 1990
DB A8H Common Shares Deutsche Boerse AG DE EUR 06. Mar 1990
Number of employees
Current staff
Staff numbers
2
Aberdeen International employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 23:37
End of day share price update: 2019/07/18 00:00
Last earnings filing: 2019/06/13
Last earnings reported: 2019/04/30
Last annual earnings reported: 2019/01/31


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.