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ABDP

AB Dynamics AIM:ABDP Stock Report

Last Price

UK£14.05

Market Cap

UK£317.9m

7D

7.3%

1Y

-25.9%

Updated

01 Oct, 2022

Data

Company Financials +
ABDP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends0/6

ABDP Stock Overview

AB Dynamics plc, through its subsidiaries, designs, develops, manufactures, and supplies testing and verification products and services for advanced driver assistance systems (ADAS), autonomous vehicle technology, and vehicle dynamics in the United Kingdom, rest of Europe, North America, the Asia Pacific, and internationally.

AB Dynamics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AB Dynamics
Historical stock prices
Current Share PriceUK£14.05
52 Week HighUK£20.30
52 Week LowUK£9.20
Beta0.70
1 Month Change10.63%
3 Month Change24.89%
1 Year Change-25.86%
3 Year Change-34.95%
5 Year Change137.13%
Change since IPO1,277.45%

Recent News & Updates

Shareholder Returns

ABDPGB Auto ComponentsGB Market
7D7.3%-3.5%-1.7%
1Y-25.9%-44.7%-15.1%

Return vs Industry: ABDP exceeded the UK Auto Components industry which returned -44.7% over the past year.

Return vs Market: ABDP underperformed the UK Market which returned -15.1% over the past year.

Price Volatility

Is ABDP's price volatile compared to industry and market?
ABDP volatility
ABDP Average Weekly Movement4.6%
Auto Components Industry Average Movement5.9%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.8%

Stable Share Price: ABDP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ABDP's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982394James Routhhttps://www.abdplc.com

AB Dynamics plc, through its subsidiaries, designs, develops, manufactures, and supplies testing and verification products and services for advanced driver assistance systems (ADAS), autonomous vehicle technology, and vehicle dynamics in the United Kingdom, rest of Europe, North America, the Asia Pacific, and internationally. It offers guided soft target and LaunchPad that uses control software for control and synchronization of multiple test objects, as well as provides test track services. The company also offers laboratory testing and simulation, including Advanced Vehicle Driving Simulator, the Static Simulator, Axle Level NVH, suspension parameter measurement machines (SPMM), and the rFpro physics-based simulation software environment.

AB Dynamics Fundamentals Summary

How do AB Dynamics's earnings and revenue compare to its market cap?
ABDP fundamental statistics
Market CapUK£317.90m
Earnings (TTM)UK£4.19m
Revenue (TTM)UK£75.93m

75.9x

P/E Ratio

4.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABDP income statement (TTM)
RevenueUK£75.93m
Cost of RevenueUK£32.73m
Gross ProfitUK£43.20m
Other ExpensesUK£39.01m
EarningsUK£4.19m

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

Nov 23, 2022

Earnings per share (EPS)0.19
Gross Margin56.89%
Net Profit Margin5.52%
Debt/Equity Ratio0%

How did ABDP perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

27%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ABDP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ABDP?

Other financial metrics that can be useful for relative valuation.

ABDP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.8x
Enterprise Value/EBITDA21x
PEG Ratio3.6x

Price to Earnings Ratio vs Peers

How does ABDP's PE Ratio compare to its peers?

ABDP PE Ratio vs Peers
The above table shows the PE ratio for ABDP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average58.9x
TIFS TI Fluid Systems
154.5x73.4%UK£624.8m
JNEO Journeo
24.3x75.0%UK£10.1m
TRT Transense Technologies
13x37.3%UK£11.4m
603767 Zhejiang Zomax Transmission
44xn/aCN¥2.2b
ABDP AB Dynamics
75.9x21.2%UK£317.9m

Price-To-Earnings vs Peers: ABDP is expensive based on its Price-To-Earnings Ratio (75.9x) compared to the peer average (58.9x).


Price to Earnings Ratio vs Industry

How does ABDP's PE Ratio compare vs other companies in the European Auto Components Industry?

Price-To-Earnings vs Industry: ABDP is expensive based on its Price-To-Earnings Ratio (75.9x) compared to the European Auto Components industry average (14x)


Price to Earnings Ratio vs Fair Ratio

What is ABDP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ABDP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio75.9x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: ABDP is expensive based on its Price-To-Earnings Ratio (75.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).


Share Price vs Fair Value

What is the Fair Price of ABDP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ABDP (£14.05) is trading below our estimate of fair value (£18.19)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is AB Dynamics forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABDP's forecast earnings growth (21.2% per year) is above the savings rate (0.9%).

Earnings vs Market: ABDP's earnings (21.2% per year) are forecast to grow faster than the UK market (8.9% per year).

High Growth Earnings: ABDP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ABDP's revenue (12.1% per year) is forecast to grow faster than the UK market (4.5% per year).

High Growth Revenue: ABDP's revenue (12.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ABDP's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has AB Dynamics performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-8.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ABDP has high quality earnings.

Growing Profit Margin: ABDP's current net profit margins (5.5%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: ABDP's earnings have declined by 8.2% per year over the past 5 years.

Accelerating Growth: ABDP's earnings growth over the past year (127.9%) exceeds its 5-year average (-8.2% per year).

Earnings vs Industry: ABDP earnings growth over the past year (127.9%) exceeded the Auto Components industry -4.9%.


Return on Equity

High ROE: ABDP's Return on Equity (3.9%) is considered low.


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Financial Health

How is AB Dynamics's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ABDP's short term assets (£62.4M) exceed its short term liabilities (£24.4M).

Long Term Liabilities: ABDP's short term assets (£62.4M) exceed its long term liabilities (£7.0M).


Debt to Equity History and Analysis

Debt Level: ABDP is debt free.

Reducing Debt: ABDP had no debt 5 years ago.

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

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


Balance Sheet


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Dividend

What is AB Dynamics's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.34%

Current Dividend Yield

Dividend Yield vs Market

AB Dynamics Dividend Yield vs Market
How does AB Dynamics dividend yield compare to the market?
SegmentDividend Yield
Company (AB Dynamics)0.3%
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)6.1%
Industry Average (Auto Components)4.4%
Analyst forecast in 3 Years (AB Dynamics)0.4%

Notable Dividend: ABDP's dividend (0.34%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.12%).

High Dividend: ABDP's dividend (0.34%) is low compared to the top 25% of dividend payers in the UK market (6.11%).


Stability and Growth of Payments

Stable Dividend: ABDP is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: ABDP is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: ABDP is not paying a notable dividend for the UK market.


Cash Payout to Shareholders

Cash Flow Coverage: ABDP is not paying a notable dividend for the UK market.


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Management

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

2.8yrs

Average board tenure


CEO

James Routh (48 yo)

3.92yrs

Tenure

UK£870,000

Compensation

Dr. James Mathew Routh serves as Senior Independent Non-Executive Director of Tracsis plc since September 29, 2021. He serves as the Chief Executive Officer and Director of AB Dynamics Plc since October 1,...


CEO Compensation Analysis

James Routh's Compensation vs AB Dynamics Earnings
How has James Routh's remuneration changed compared to AB Dynamics's earnings?
DateTotal Comp.SalaryCompany Earnings
Feb 28 2022n/an/a

UK£4m

Nov 30 2021n/an/a

UK£4m

Aug 31 2021UK£870kUK£316k

UK£3m

May 31 2021n/an/a

UK£2m

Feb 28 2021n/an/a

UK£2m

Nov 30 2020n/an/a

UK£3m

Aug 31 2020UK£630kUK£310k

UK£4m

May 31 2020n/an/a

UK£5m

Feb 29 2020n/an/a

UK£6m

Nov 30 2019n/an/a

UK£7m

Aug 31 2019UK£407kUK£220k

UK£9m

Compensation vs Market: James's total compensation ($USD969.43K) is about average for companies of similar size in the UK market ($USD1.09M).

Compensation vs Earnings: James's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: ABDP's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

AIM:ABDP Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 Jun 22SellUK£1,000,373Anthony BestIndividual91,400UK£10.95
17 Mar 22BuyUK£9,999Stephen BrownIndividual909UK£11.00
07 Mar 22BuyUK£19,991James RouthIndividual2,047UK£9.77

Ownership Breakdown

What is the ownership structure of ABDP?
Owner TypeNumber of SharesOwnership Percentage
Public Companies2,1520.01%
Private Companies82,8930.4%
VC/PE Firms1,374,0736.1%
General Public1,798,0277.9%
Individual Insiders5,861,36425.9%
Institutions13,507,95759.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 79.53% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
25.79%
Anthony Best
5,834,707£82.0m-1.54%no data
10.98%
Castlefield Investment Partners LLP
2,485,000£34.9m-17.84%3.34%
6.07%
Octopus Investments Limited
1,374,073£19.3m37.01%0.97%
5.25%
Charles Stanley & Co. Ltd, Asset Management Arm
1,188,205£16.7m0%0.17%
4.04%
Hargreave Hale Limited, Asset Management Arm
915,000£12.9m0%0.36%
3.07%
BennBridge Ltd
694,119£9.8m0%2.42%
2.41%
Liontrust Asset Management PLC
546,300£7.7m0%0.04%
2.34%
BlackRock, Inc.
529,177£7.4m0%no data
2.17%
Rathbone Investment Management Limited
491,732£6.9m0%0.03%
1.98%
Amati Global Investors Ltd.
449,129£6.3m0%0.72%
1.61%
Danske Invest Fund Management Ltd
363,886£5.1m0%7.6%
1.43%
Lombard Odier Asset Management (Europe) Limited
323,055£4.5m0%0.07%
1.31%
Brooks MacDonald Asset Management Limited
296,036£4.2m0%0.38%
1.2%
Janus Henderson Group plc
271,026£3.8m0%no data
1.15%
Danske Capital AS
259,821£3.7m0%0.03%
1.11%
Joh. Berenberg, Gossler & Co. KG, Asset Management Arm
250,727£3.5m0%0.12%
1.1%
Unicorn Asset Management Limited
250,000£3.5m0%0.4%
1.09%
abrdn plc
246,519£3.5m0%no data
1.06%
Smith & Williamson Investment Management LLP
239,459£3.4m0%0.04%
0.85%
Sarasin & Partners LLP
192,763£2.7m0%0.02%
0.73%
SVM Asset Management Limited
164,699£2.3m0%0.68%
0.73%
Victory Capital Management Inc.
164,353£2.3m0%no data
0.7%
Grandeur Peak Global Advisors, LLC
159,377£2.2m0%0.05%
0.68%
Canaccord Genuity Wealth (International) Limited
153,321£2.2m0%0.04%
0.67%
City Asset Management Plc
151,996£2.1m0%1.2%

Company Information

AB Dynamics plc's employee growth, exchange listings and data sources


Key Information

  • Name: AB Dynamics plc
  • Ticker: ABDP
  • Exchange: AIM
  • Founded: 1982
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: UK£317.902m
  • Shares outstanding: 22.63m
  • Website: https://www.abdplc.com

Number of Employees


Location

  • AB Dynamics plc
  • Middleton Drive
  • Bradford-on-Avon
  • Wiltshire
  • BA15 1GB
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABDPAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2013
ABDD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2013
6DYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2013

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/02/28
Annual Earnings2021/08/31


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.