Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally.
Acceptable track record and slightly overvalued.
Share Price & News
How has Automotive Finco's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AFCC has not had significant price volatility in the past 3 months.
7 Day Return
CA Diversified Financial
1 Year Return
CA Diversified Financial
Return vs Industry: AFCC underperformed the Canadian Diversified Financial industry which returned 57% over the past year.
Return vs Market: AFCC exceeded the Canadian Market which returned 2.5% over the past year.
Price Volatility Vs. Market
How volatile is Automotive Finco's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StThe Automotive Finco (CVE:AFCC) Share Price Is Down 44% So Some Shareholders Are Getting Worried
2 months ago | Simply Wall StDoes The Automotive Finco Corp. (CVE:AFCC) Share Price Fall With The Market?
3 months ago | Simply Wall StIs Automotive Finco Corp.'s (CVE:AFCC) P/E Ratio Really That Good?
Is Automotive Finco undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AFCC (CA$1.65) is trading above our estimate of fair value (CA$1.64)
Significantly Below Fair Value: AFCC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AFCC is poor value based on its PE Ratio (11.7x) compared to the Diversified Financial industry average (11.4x).
PE vs Market: AFCC is good value based on its PE Ratio (11.7x) compared to the Canadian market (16x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFCC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFCC is good value based on its PB Ratio (0.8x) compared to the CA Diversified Financial industry average (1x).
How is Automotive Finco forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Automotive Finco 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.
- Take a look at our analysis of AFCC’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.
- Automotive Finco competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
How has Automotive Finco performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFCC has high quality earnings.
Growing Profit Margin: AFCC's current net profit margins (48.8%) are higher than last year (27.8%).
Past Earnings Growth Analysis
Earnings Trend: AFCC has become profitable over the past 5 years, growing earnings by 64.5% per year.
Accelerating Growth: AFCC's earnings growth over the past year (29.8%) is below its 5-year average (64.5% per year).
Earnings vs Industry: AFCC earnings growth over the past year (29.8%) underperformed the Diversified Financial industry 30.2%.
Return on Equity
High ROE: AFCC's Return on Equity (6.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Automotive Finco's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: AFCC has a low level of unsold assets or inventory.
Debt Coverage by Assets: AFCC's debt is covered by short term assets (assets are 2.9x debt).
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.
Stable Cash Runway: AFCC is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: AFCC is profitable, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: AFCC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if AFCC has a sufficient allowance for bad loans.
Low Risk Liabilities: AFCC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AFCC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AFCC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AFCC has an appropriate level of bad loans.
What is Automotive Finco's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AFCC's dividend (12.44%) is higher than the bottom 25% of dividend payers in the Canadian market (2%).
High Dividend: AFCC's dividend (12.44%) is in the top 25% of dividend payers in the Canadian market (5.6%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AFCC has been paying a dividend for less than 10 years.
Growing Dividend: AFCC's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (145.3%), AFCC'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kuldeep Billan (39yo)
Mr. Kuldeep Billan has been Chief Executive Officer at Automotive Finco Corp since April 11,2014 and served as its Director since August 29,2011 until August 24, 2017. Mr. Billan was an Associate at ONCAP. ...
CEO Compensation Analysis
Compensation vs Market: Kuldeep's total compensation ($USD307.43K) is above average for companies of similar size in the Canadian market ($USD154.48K).
Compensation vs Earnings: Kuldeep's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||5.8yrs||CA$408.05k||no data|
|Chief Financial Officer||7.3yrs||CA$100.00k||0.038% CA$11.0k|
|Consulting Geologist||13yrs||no data||no data|
|Independent Consultant||0yrs||CA$122.70k||no data|
|Independent Consultant||0yrs||no data||no data|
Experienced Management: AFCC's management team is seasoned and experienced (7.3 years average tenure).
|Independent Director||5.8yrs||CA$10.30k||0.64% CA$186.4k|
|Independent Chairman of the Board||4.1yrs||CA$12.30k||0.32% CA$93.5k|
|Independent Director||3.5yrs||CA$10.30k||0.52% CA$153.3k|
Experienced Board: AFCC's board of directors are considered experienced (4.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Automotive Finco Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Automotive Finco Corp.
- Ticker: AFCC
- Exchange: TSXV
- Founded: 1986
- Industry: Specialized Finance
- Sector: Diversified Financials
- Market Cap: CA$29.216m
- Shares outstanding: 17.71m
- Website: https://www.autofincocorp.com
- Automotive Finco Corp.
- 8 King Street East
- Suite 1800
- M5C 1B5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AFCC||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Aug 1988|
|2AYA||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Aug 1988|
|RMIA.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Aug 1988|
Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally. The company, through its investment in Automotive Finance LP, intends to provide long term and debt based acquisition financing to auto dealerships. It also focuses on direct investments in the auto retail sector. The company was formerly known as Augyva Mining Resources Inc. and changed its name to Automotive Finco Corp. in March 2017. The company was incorporated in 1986 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 00:20|
|End of Day Share Price||2020/02/25 00:00|
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.