LSE:AADV

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Executive Summary

Albion Development VCT PLC is a venture capital trust which provides equity and debt finance to growing unquoted companies across various sectors.

Rewards


Snowflake Analysis

Share Price & News

How has Albion Development VCT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AADV has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

AADV

-1.2%

GB Capital Markets

2.0%

GB Market


1 Year Return

-8.3%

AADV

9.7%

GB Capital Markets

-12.8%

GB Market

Return vs Industry: AADV underperformed the UK Capital Markets industry which returned 9.7% over the past year.

Return vs Market: AADV exceeded the UK Market which returned -12.5% over the past year.


Shareholder returns

AADVIndustryMarket
7 Day0%-1.2%2.0%
30 Day-3.4%8.4%5.7%
90 Day-9.4%1.2%-8.2%
1 Year-2.7%-8.3%12.2%9.7%-8.6%-12.8%
3 Year25.2%5.1%57.2%46.0%-6.2%-17.6%
5 Year43.4%4.3%127.6%102.2%12.7%-12.5%

Price Volatility Vs. Market

How volatile is Albion Development VCT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Albion Development VCT undervalued compared to its fair value and its price relative to the market?

3.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AADV (£0.72) is trading below our estimate of fair value (£0.74)

Significantly Below Fair Value: AADV is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AADV is poor value based on its PE Ratio (21.9x) compared to the Capital Markets industry average (15.4x).

PE vs Market: AADV is poor value based on its PE Ratio (21.9x) compared to the UK market (14.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AADV is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is Albion Development VCT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.1%

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 Albion Development VCT 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 Albion Development VCT performed over the past 5 years?

30.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AADV has high quality earnings.

Growing Profit Margin: AADV's current net profit margins (87%) are lower than last year (91%).


Past Earnings Growth Analysis

Earnings Trend: AADV's earnings have grown significantly by 30.8% per year over the past 5 years.

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

Earnings vs Industry: AADV had negative earnings growth (-76.2%) over the past year, making it difficult to compare to the Capital Markets industry average (16.4%).


Return on Equity

High ROE: AADV's Return on Equity (3.8%) is considered low.

Financial Health

How is Albion Development VCT's financial position?


Financial Position Analysis

Short Term Liabilities: AADV's short term assets (£18.7M) exceed its short term liabilities (£434.0K).

Long Term Liabilities: AADV has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: AADV is debt free.

Reducing Debt: AADV has not had any debt for past 5 years.

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

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


Balance Sheet

Dividend

What is Albion Development VCT's current dividend yield, its reliability and sustainability?

6.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AADV's dividend (6.25%) is higher than the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: AADV's dividend (6.25%) is in the top 25% of dividend payers in the UK market (5.68%)


Stability and Growth of Payments

Stable Dividend: AADV's dividend payments have been volatile in the past 10 years.

Growing Dividend: AADV's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (137.2%), AADV'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.

Management

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

11.3yrs

Average management tenure


CEO

Albion Development VCT has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
William Fraser-Allen
Deputy Managing Partner of Albion Ventures LLP11.33yrsno datano data
Robert Whitby-Smith
Partner & Investment Director11.33yrsno datano data
Henry Stanford
Partner of Albion Ventures LLP11.33yrsno datano data
Edward William Lascelles
Partner & Executive Officer11.33yrsno datano data
David Gudgin
Partner and Head of Renewables11.33yrsno datano data
Emil Gigov
Partner of Albion Ventures LLP11.33yrsno datano data
Andrew Elder
Partner of Albion Ventures LLP11.33yrsno datano data
Christoph Ruedig
8.58yrsno datano data

11.3yrs

Average Tenure

47yo

Average Age

Experienced Management: AADV's management team is seasoned and experienced (11.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan Thornton
Senior Independent Director7yrsUK£20.50kno data
Patrick Reeve
Director6.42yrsno data0.18% £122.2k
James O'Shaughnessy
Director0.83yrno datano data
Ben Larkin
Chairman0.83yrno datano data
Lyn Goleby
Non-Executive Director2.42yrsno datano data

2.4yrs

Average Tenure

Experienced Board: AADV's board of directors are not considered experienced ( 2.4 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 been diluted in the past year, with total shares outstanding growing by 10.5%.


Top Shareholders

Company Information

Albion Development VCT PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Albion Development VCT PLC
  • Ticker: AADV
  • Exchange: LSE
  • Founded: 1998
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£66.445m
  • Shares outstanding: 92.29m
  • Website: https://www.albion-ventures.co.uk/funds/AADV

Location

  • Albion Development VCT PLC
  • 1 Benjamin Street
  • Farringdon
  • London
  • Greater London
  • EC1M 5QL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AADVLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1999

Biography

Albion Development VCT PLC is a venture capital trust which provides equity and debt finance to growing unquoted companies across various sectors. It does not invest in companies that deal in property or shares and securities, insurance, banking, agriculture, and operating or managing hotels or residential care homes. The fund invests in technology-orientated companies, service and asset-backed businesses software and computer services, and medical technology sectors. It also invests in freehold-based businesses in the leisure sector, such as pubs and health clubs, as well as in other sectors including business services, renewable energy, education, and healthcare. The fund seeks to invest in United Kingdom and invests in shares or securities including loans with a five year or greater maturity period. It may not control a portfolio company. The gross assets of a portfolio company must not exceed £15 million ($17.39 million) immediately prior to the investment and £16 million ($18.55 million) immediately thereafter. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 20:54
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.