abrdn Asia Focus (LSE:AAS) - Share price, News & Analysis

AAS fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	4/6
Financial Health	3/6
Dividends	3/6

AAS Stock Overview

Aberdeen Standard Asia Focus PLC operates as an investment trust that invests in a portfolio of smaller companies in Japan, Asia, and Australasia.

abrdn Asia Focus Competitors

Price History & Performance

Summary of all time highs, changes and price drops for abrdn Asia Focus
Historical stock prices
Current Share Price	UK£2.54
52 Week High	UK£3.04
52 Week Low	UK£2.44
Beta	0.75
1 Month Change	-2.87%
3 Month Change	-2.12%
1 Year Change	-1.17%
3 Year Change	15.23%
5 Year Change	16.82%
Change since IPO	1,277.72%

Shareholder Returns

	AAS	GB Capital Markets	GB Market
7D	-2.5%	-4.0%	-5.9%
1Y	-1.2%	-19.8%	-10.3%

Return vs Industry: AAS exceeded the UK Capital Markets industry which returned -19% over the past year.

Return vs Market: AAS exceeded the UK Market which returned -8% over the past year.

Price Volatility

Is AAS's price volatile compared to industry and market?
AAS volatility
AAS Average Weekly Movement	3.7%
Capital Markets Industry Average Movement	4.2%
Market Average Movement	5.4%
10% most volatile stocks in GB Market	10.8%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: AAS is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AAS's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1995	n/a	n/a	https://www.asia-focus.co.uk

Aberdeen Standard Asia Focus PLC operates as an investment trust that invests in a portfolio of smaller companies in Japan, Asia, and Australasia. The trust invests in companies operating in various sectors, including auto components; beverages; chemicals; commercial banks; containers and packaging; diversified financial services; food and staples retailing; hotels, restaurants, and leisure; industrial conglomerates; multiline retail; paper and forest products; real estate; and transportation infrastructure. The company was formerly known as Aberdeen Asian Smaller Companies Investment Trust PLC.

abrdn Asia Focus Fundamentals Summary

How do abrdn Asia Focus's earnings and revenue compare to its market cap?
AAS fundamental statistics
Market Cap	UK£397.88m
Earnings (TTM)	UK£76.61m
Revenue (TTM)	UK£87.23m

5.2x

P/E Ratio

4.6x

P/S Ratio

Is AAS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AAS income statement (TTM)
Revenue	UK£87.23m
Cost of Revenue	UK£0
Gross Profit	UK£87.23m
Other Expenses	UK£10.62m
Earnings	UK£76.61m

Last Reported Earnings

Jan 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.49
Gross Margin	100.00%
Net Profit Margin	87.82%
Debt/Equity Ratio	13.5%

How did AAS perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

13%

Payout Ratio

Valuation

Is abrdn Asia Focus undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

5.19x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: AAS (£2.54) is trading above our estimate of fair value (£1.59)

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

Price To Earnings Ratio

PE vs Industry: AAS is good value based on its Price-To-Earnings Ratio (5.2x) compared to the UK Capital Markets industry average (9.1x).

PE vs Market: AAS is good value based on its Price-To-Earnings Ratio (5.2x) compared to the UK market (14.3x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: AAS is good value based on its Price-To-Book Ratio (0.8x) compared to the GB Capital Markets industry average (1.1x).

Future Growth

How is abrdn Asia Focus forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

11.5%

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 abrdn Asia Focus 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 abrdn Asia Focus 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

6.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AAS has high quality earnings.

Growing Profit Margin: AAS's current net profit margins (87.8%) are higher than last year (85.6%).

Past Earnings Growth Analysis

Earnings Trend: AAS's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: AAS's earnings growth over the past year (52.7%) exceeds its 5-year average (6.1% per year).

Earnings vs Industry: AAS earnings growth over the past year (52.7%) underperformed the Capital Markets industry 57.4%.

Return on Equity

High ROE: AAS's Return on Equity (15.8%) is considered low.

Financial Health

How is abrdn Asia Focus's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: AAS's short term assets (£4.6M) exceed its short term liabilities (£2.4M).

Long Term Liabilities: AAS's short term assets (£4.6M) do not cover its long term liabilities (£70.3M).

Debt to Equity History and Analysis

Debt Level: AAS's net debt to equity ratio (12.7%) is considered satisfactory.

Reducing Debt: AAS's debt to equity ratio has increased from 9.7% to 13.5% over the past 5 years.

Debt Coverage: AAS's debt is not well covered by operating cash flow (6.2%).

Interest Coverage: AAS's interest payments on its debt are well covered by EBIT (41.1x coverage).

Balance Sheet

Dividend

What is abrdn Asia Focus's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.60%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AAS's dividend (2.6%) is higher than the bottom 25% of dividend payers in the UK market (1.88%).

High Dividend: AAS's dividend (2.6%) is low compared to the top 25% of dividend payers in the UK market (4.98%).

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (12.7%), AAS's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (253.8%), AAS's dividend payments are not well covered by cash flows.

Management

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

12.0yrs

Average board tenure

CEO

abrdn Asia Focus has no CEO, or we have no data on them.

Board Members

Experienced Board: AAS's board of directors are seasoned and experienced ( 12 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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/16 00:00
End of Day Share Price	2022/06/16 00:00
Earnings	2022/01/31
Annual Earnings	2021/07/31