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ABDN

abrdn LSE:ABDN Stock Report

Last Price

UK£1.92

Market Cap

UK£4.1b

7D

5.8%

1Y

-28.5%

Updated

17 May, 2022

Data

Company Financials +
ABDN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

ABDN Stock Overview

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia.

abrdn Competitors

Price History & Performance

Summary of all time highs, changes and price drops for abrdn
Historical stock prices
Current Share PriceUK£1.92
52 Week HighUK£3.00
52 Week LowUK£1.65
Beta1.19
1 Month Change-2.83%
3 Month Change-20.58%
1 Year Change-28.53%
3 Year Change-27.53%
5 Year Change-56.17%
Change since IPO-43.30%

Recent News & Updates

Apr 06
abrdn (LON:ABDN) Has Affirmed Its Dividend Of UK£0.073

abrdn (LON:ABDN) Has Affirmed Its Dividend Of UK£0.073

The board of abrdn plc ( LON:ABDN ) has announced that it will pay a dividend on the 24th of May, with investors...

Shareholder Returns

ABDNGB Capital MarketsGB Market
7D5.8%3.0%3.6%
1Y-28.5%-8.8%-2.5%

Return vs Industry: ABDN underperformed the UK Capital Markets industry which returned -10.1% over the past year.

Return vs Market: ABDN underperformed the UK Market which returned -3.2% over the past year.

Price Volatility

Is ABDN's price volatile compared to industry and market?
ABDN volatility
ABDN Average Weekly Movement5.9%
Capital Markets Industry Average Movement4.9%
Market Average Movement6.1%
10% most volatile stocks in GB Market11.8%
10% least volatile stocks in GB Market3.2%

Stable Share Price: ABDN is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ABDN's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18255,000Stephen Birdhttps://www.standardlifeaberdeen.com

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.

abrdn Fundamentals Summary

How do abrdn's earnings and revenue compare to its market cap?
ABDN fundamental statistics
Market CapUK£4.06b
Earnings (TTM)UK£994.00m
Revenue (TTM)UK£1.69b

4.1x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABDN income statement (TTM)
RevenueUK£1.69b
Cost of RevenueUK£142.00m
Gross ProfitUK£1.54b
Other ExpensesUK£549.00m
EarningsUK£994.00m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)0.47
Gross Margin91.57%
Net Profit Margin58.99%
Debt/Equity Ratio9.0%

How did ABDN perform over the long term?

See historical performance and comparison

Dividends

7.6%

Current Dividend Yield

31%

Payout Ratio

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


22.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ABDN (£1.92) is trading below our estimate of fair value (£2.47)

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


Price To Earnings Ratio

PE vs Industry: ABDN is good value based on its PE Ratio (4.1x) compared to the UK Capital Markets industry average (9.5x).

PE vs Market: ABDN is good value based on its PE Ratio (4.1x) compared to the UK market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: ABDN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ABDN is good value based on its PB Ratio (0.5x) compared to the GB Capital Markets industry average (1.1x).


Future Growth

How is abrdn forecast to perform in the next 1 to 3 years based on estimates from 11 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


-39.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABDN's earnings are forecast to decline over the next 3 years (-39.9% per year).

Earnings vs Market: ABDN's earnings are forecast to decline over the next 3 years (-39.9% per year).

High Growth Earnings: ABDN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ABDN's revenue (1.5% per year) is forecast to grow slower than the UK market (4% per year).

High Growth Revenue: ABDN's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ABDN's Return on Equity is forecast to be low in 3 years time (4.8%).


Past Performance

How has abrdn performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ABDN has a large one-off gain of £877.0M impacting its December 31 2021 financial results.

Growing Profit Margin: ABDN's current net profit margins (59%) are higher than last year (55.5%).


Past Earnings Growth Analysis

Earnings Trend: ABDN's earnings have grown significantly by 21.8% per year over the past 5 years.

Accelerating Growth: ABDN's earnings growth over the past year (17.2%) is below its 5-year average (21.8% per year).

Earnings vs Industry: ABDN earnings growth over the past year (17.2%) underperformed the Capital Markets industry 62.1%.


Return on Equity

High ROE: ABDN's Return on Equity (12.7%) is considered low.


Financial Health

How is abrdn's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ABDN's short term assets (£4.1B) exceed its short term liabilities (£568.0M).

Long Term Liabilities: ABDN's short term assets (£4.1B) exceed its long term liabilities (£3.0B).


Debt to Equity History and Analysis

Debt Level: ABDN has more cash than its total debt.

Reducing Debt: ABDN's debt to equity ratio has reduced from 32.4% to 9% over the past 5 years.

Debt Coverage: ABDN's debt is not well covered by operating cash flow (2%).

Interest Coverage: ABDN's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


Dividend

What is abrdn 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


7.60%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ABDN's dividend (7.6%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).

High Dividend: ABDN's dividend (7.6%) is in the top 25% of dividend payers in the UK market (4.84%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.2%), ABDN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: ABDN is paying a dividend but the company has no free cash flows.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Stephen Bird (54 yo)

1.67yrs

Tenure

UK£2,795,000

Compensation

Mr. Stephen Bird, MBA, has been Director at ABRDN PLC (formerly known as Standard Life Aberdeen Plc) since July 1, 2020 and also serves as its Chief Executive Officer since September 1, 2020. Mr. Bird serv...


CEO Compensation Analysis

Compensation vs Market: Stephen's total compensation ($USD3.49M) is about average for companies of similar size in the UK market ($USD3.18M).

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


Leadership Team

Experienced Management: ABDN's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: ABDN'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: ABDN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

abrdn plc's employee growth, exchange listings and data sources


Key Information

  • Name: abrdn plc
  • Ticker: ABDN
  • Exchange: LSE
  • Founded: 1825
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£4.063b
  • Shares outstanding: 2.12b
  • Website: https://www.standardlifeaberdeen.com

Number of Employees


Location

  • abrdn plc
  • 1 George Street
  • Edinburgh
  • EH2 2LL
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.