LSE:AAIF

Stock Analysis Report

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Executive Summary

Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited.

Rewards


Snowflake Analysis

Share Price & News

How has Aberdeen Asian Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

2.4%

AAIF

-1.2%

GB Capital Markets

2.0%

GB Market


1 Year Return

-16.6%

AAIF

9.7%

GB Capital Markets

-12.8%

GB Market

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

Return vs Market: AAIF underperformed the UK Market which returned -12.5% over the past year.


Shareholder returns

AAIFIndustryMarket
7 Day2.4%-1.2%2.0%
30 Day3.0%8.4%5.7%
90 Day-12.8%1.2%-8.2%
1 Year-12.7%-16.6%12.2%9.7%-8.6%-12.8%
3 Year-7.6%-19.1%57.2%46.0%-6.2%-17.6%
5 Year10.8%-12.0%127.6%102.2%12.7%-12.5%

Price Volatility Vs. Market

How volatile is Aberdeen Asian Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Aberdeen Asian Income Fund undervalued compared to its fair value and its price relative to the market?

44.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AAIF (£1.71) is trading below our estimate of fair value (£3.07)

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


Price To Earnings Ratio

PE vs Industry: AAIF is good value based on its PE Ratio (7.7x) compared to the Capital Markets industry average (15.4x).

PE vs Market: AAIF is good value based on its PE Ratio (7.7x) compared to the UK market (14.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AAIF is good value based on its PB Ratio (0.8x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is Aberdeen Asian Income Fund 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 Aberdeen Asian Income Fund 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 Aberdeen Asian Income Fund performed over the past 5 years?

8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AAIF has high quality earnings.

Growing Profit Margin: AAIF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AAIF's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: AAIF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AAIF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (16.4%).


Return on Equity

High ROE: AAIF's Return on Equity (9.8%) is considered low.

Financial Health

How is Aberdeen Asian Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: AAIF's short term assets (£5.0M) do not cover its short term liabilities (£27.6M).

Long Term Liabilities: AAIF's short term assets (£5.0M) do not cover its long term liabilities (£10.0M).


Debt to Equity History and Analysis

Debt Level: AAIF's debt to equity ratio (8.9%) is considered satisfactory.

Reducing Debt: AAIF's debt to equity ratio has increased from 7.7% to 8.9% over the past 5 years.

Debt Coverage: AAIF's debt is well covered by operating cash flow (35.6%).

Interest Coverage: AAIF's interest payments on its debt are well covered by EBIT (38.6x coverage).


Balance Sheet

Dividend

What is Aberdeen Asian Income Fund's current dividend yield, its reliability and sustainability?

5.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AAIF's dividend (5.41%) is higher than the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: AAIF's dividend (5.41%) is low compared to the top 25% of dividend payers in the UK market (5.68%).


Stability and Growth of Payments

Stable Dividend: AAIF's dividends per share have been stable in the past 10 years.

Growing Dividend: AAIF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.5%), AAIF's dividend payments are 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?

14.4yrs

Average board tenure


CEO

Aberdeen Asian Income Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Andrey Berzins
Independent Non-Executive Director of Aberdeen Asset Management Asia Limited14.42yrsUK£28.00kno data
Peter A. K. Arthur
Chairman of Aberdeen Asset Management Asia Limitedno dataUK£35.00k0.033% £99.5k
Duncan Antony Baxter
Senior Independent Non-Executive Director of Aberdeen Asset Management Asia Limitedno dataUK£25.00kno data
Ana Armstrong
Independent Non-Executive Director of Aberdeen Asset Management Asia Limited14.42yrsUK£24.00kno data
Charles Clarke
Independent Non-Executive Director of Aberdeen Asset Management Asia Limited8.17yrsUK£24.00k0.034% £102.6k

14.4yrs

Average Tenure

62yo

Average Age

Experienced Board: AAIF's board of directors are seasoned and experienced ( 14.4 years average tenure).


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

Aberdeen Asian Income Fund Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aberdeen Asian Income Fund Limited
  • Ticker: AAIF
  • Exchange: LSE
  • Founded: 2005
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£302.687m
  • Shares outstanding: 177.01m
  • Website: https://www.asian-income.co.uk/itasianincomefund/

Location

  • Aberdeen Asian Income Fund Limited
  • 21 Church Street
  • Suite 01-01 Capital Square Two
  • Singapore
  • 49480
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AAIFLSE (London Stock Exchange)YesOrdinary SharesGBGBPDec 2005
ABBA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2005
AAIFlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPDec 2005

Biography

Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited. It is managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity and fixed income markets of the Asia Pacific Region. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of companies across all market capitalization. For the fixed income component, it invests in the debt issued by governments or companies in the Asia Pacific region or denominated in Asian Pacific currencies. The fund benchmarks the performance of its portfolio against the MSCI AC Asia Pacific ex Japan. Aberdeen Asian Income Fund Limited was formed on December 20, 2005 and is domiciled in Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 22:00
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.