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ABDP

AB DynamicsAIM:ABDP Stock Report

Market Cap

UK£425.3m

7D

-1.1%

1Y

-12.6%

Updated

24 Oct, 2021

Data

Company Financials +
ABDP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends0/6

ABDP 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

Transurban Group

ASX:TCL

AU$42.2b

Alstom

ENXTPA:ALO

€11.6b

Indra Sistemas

BME:IDR

€1.7b

Hensoldt

XTRA:5UH

€1.4b

Price History & Performance

Summary of all time highs, changes and price drops for AB Dynamics
Historical stock prices
Current Share PriceUK£18.80
52 Week HighUK£15.52
52 Week LowUK£24.70
Beta0.77
1 Month Change2.45%
3 Month Change-4.08%
1 Year Change-12.56%
3 Year Change62.77%
5 Year Change306.49%
Change since IPO1,743.14%

Recent News & Updates

Jul 20
AB Dynamics (LON:ABDP) Is Reinvesting At Lower Rates Of Return

AB Dynamics (LON:ABDP) Is Reinvesting At Lower Rates Of Return

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...

Mar 13
How Many AB Dynamics plc (LON:ABDP) Shares Did Insiders Buy, In The Last Year?

How Many AB Dynamics plc (LON:ABDP) Shares Did Insiders Buy, In The Last Year?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

Shareholder Returns

ABDPGB Auto ComponentsGB Market
7D-1.1%-0.4%-0.2%
1Y-12.6%16.9%23.2%

Return vs Industry: ABDP underperformed the UK Auto Components industry which returned 16.9% over the past year.

Return vs Market: ABDP underperformed the UK Market which returned 23.2% over the past year.

Price Volatility

Is ABDP's price volatile compared to industry and market?
ABDP volatility
ABDP Beta0.77
Industry Beta1.24
Market Beta1

Stable Share Price: ABDP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ABDP's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982278James 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, 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£425.30m
Earnings (TTM)UK£2.91m
Revenue (TTM)UK£54.12m

146.1x

P/E Ratio

7.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABDP income statement (TTM)
RevenueUK£54.12m
Cost of RevenueUK£22.74m
Gross ProfitUK£31.38m
ExpensesUK£28.47m
EarningsUK£2.91m

Last Reported Earnings

Feb 28, 2021

Next Earnings Date

Nov 24, 2021

Earnings per share (EPS)0.13
Gross Margin57.98%
Net Profit Margin5.38%
Debt/Equity Ratio0.5%

How did ABDP perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

47%

Payout Ratio

Valuation

Is AB Dynamics undervalued compared to its fair value and its price relative to the market?

146.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ABDP (£18.8) is trading above our estimate of fair value (£4.46)

Significantly Below Fair Value: ABDP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ABDP is poor value based on its PE Ratio (146.1x) compared to the European Auto Components industry average (15.6x).

PE vs Market: ABDP is poor value based on its PE Ratio (146.1x) compared to the UK market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: ABDP is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: ABDP is good value based on its PB Ratio (4.1x) compared to the GB Auto Components industry average (5.2x).


Future Growth

How is AB Dynamics forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

40.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABDP's forecast earnings growth (40.5% per year) is above the savings rate (0.9%).

Earnings vs Market: ABDP's earnings (40.5% per year) are forecast to grow faster than the UK market (12.8% per year).

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

Revenue vs Market: ABDP's revenue (16.6% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: ABDP's revenue (16.6% 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


Past Performance

How has AB Dynamics performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABDP has high quality earnings.

Growing Profit Margin: ABDP's current net profit margins (5.4%) are lower than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: ABDP's earnings have grown by 8.4% per year over the past 5 years.

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

Earnings vs Industry: ABDP had negative earnings growth (-51.6%) over the past year, making it difficult to compare to the Auto Components industry average (83.4%).


Return on Equity

High ROE: ABDP's Return on Equity (2.8%) is considered low.


Financial Health

How is AB Dynamics's financial position?


Financial Position Analysis

Short Term Liabilities: ABDP's short term assets (£60.1M) exceed its short term liabilities (£15.6M).

Long Term Liabilities: ABDP's short term assets (£60.1M) exceed its long term liabilities (£3.2M).


Debt to Equity History and Analysis

Debt Level: ABDP's debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ABDP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ABDP's debt is well covered by operating cash flow (2660.6%).

Interest Coverage: ABDP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

0.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ABDP's dividend (0.17%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.4%).

High Dividend: ABDP's dividend (0.17%) is low compared to the top 25% of dividend payers in the UK market (4.06%).


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ABDP's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

1.9yrs

Average board tenure


CEO

James Routh (48 yo)

3yrs

Tenure

UK£630,000

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

Compensation vs Market: James's total compensation ($USD867.22K) is about average for companies of similar size in the UK market ($USD718.55K).

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


Board Members

Experienced Board: ABDP's board of directors are not considered experienced ( 1.9 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.


Ownership Breakdown

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


Top Shareholders

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
  • Market Cap: UK£425.300m
  • Shares outstanding: 22.62m
  • Website: https://www.abdplc.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 17:41
End of Day Share Price2021/10/22 00:00
Earnings2021/02/28
Annual Earnings2020/08/31


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.