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ABDN

abrdn LSE:ABDN Stock Report

Last Price

UK£1.73

Market Cap

UK£3.7b

7D

7.0%

1Y

-37.2%

Updated

16 Aug, 2022

Data

Company Financials +
ABDN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance1/6
Financial Health6/6
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£1.73
52 Week HighUK£2.77
52 Week LowUK£1.49
Beta1.22
1 Month Change12.20%
3 Month Change-7.88%
1 Year Change-37.16%
3 Year Change-27.92%
5 Year Change-65.45%
Change since IPO-49.07%

Recent News & Updates

Aug 12
abrdn (LON:ABDN) Is Due To Pay A Dividend Of £0.073

abrdn (LON:ABDN) Is Due To Pay A Dividend Of £0.073

The board of abrdn plc ( LON:ABDN ) has announced that it will pay a dividend of £0.073 per share on the 27th of...

Shareholder Returns

ABDNGB Capital MarketsGB Market
7D7.0%1.7%0.03%
1Y-37.2%-12.4%-8.3%

Return vs Industry: ABDN underperformed the UK Capital Markets industry which returned -12.4% over the past year.

Return vs Market: ABDN underperformed the UK Market which returned -8.3% over the past year.

Price Volatility

Is ABDN's price volatile compared to industry and market?
ABDN volatility
ABDN Average Weekly Movement6.2%
Capital Markets Industry Average Movement4.5%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

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£3.68b
Earnings (TTM)UK£596.00m
Revenue (TTM)UK£1.56b

6.1x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABDN income statement (TTM)
RevenueUK£1.56b
Cost of RevenueUK£101.00m
Gross ProfitUK£1.46b
Other ExpensesUK£866.00m
EarningsUK£596.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.28
Gross Margin93.54%
Net Profit Margin38.13%
Debt/Equity Ratio11.0%

How did ABDN perform over the long term?

See historical performance and comparison

Dividends

8.5%

Current Dividend Yield

52%

Payout Ratio

Does ABDN pay a reliable dividends?

See ABDN dividend history and benchmarks
When do you need to buy ABDN by to receive an upcoming dividend?
abrdn dividend dates
Ex Dividend DateAug 18 2022
Dividend Pay DateSep 27 2022
Days until Ex dividend1 day
Days until Dividend pay date41 days

Does ABDN pay a reliable dividends?

See ABDN dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is ABDN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ABDN?

Other financial metrics that can be useful for relative valuation.

ABDN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA10.1x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does ABDN's PE Ratio compare to its peers?

ABDN PE Ratio vs Peers
The above table shows the PE ratio for ABDN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.5x
QLT Quilter
8.3x-37.0%UK£1.5b
PHLL Petershill Partners
10x5.3%UK£2.7b
HL. Hargreaves Lansdown
21.3x8.9%UK£4.7b
STJ St. James's Place
18.2x9.4%UK£6.8b
ABDN abrdn
6.1x33.6%UK£3.7b

Price-To-Earnings vs Peers: ABDN is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (14.4x).


Price to Earnings Ratio vs Industry

How does ABDN's PE Ratio compare vs other companies in the GB Capital Markets Industry?

Price-To-Earnings vs Industry: ABDN is good value based on its Price-To-Earnings Ratio (6.1x) compared to the UK Capital Markets industry average (10.5x)


Price to Earnings Ratio vs Fair Ratio

What is ABDN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ABDN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ratio29.3x

Price-To-Earnings vs Fair Ratio: ABDN is good value based on its Price-To-Earnings Ratio (6.1x) compared to the estimated Fair Price-To-Earnings Ratio (29.2x).


Share Price vs Fair Value

What is the Fair Price of ABDN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ABDN (£1.73) is trading below our estimate of fair value (£1.82)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is abrdn forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


33.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABDN's forecast earnings growth (33.6% per year) is above the savings rate (0.9%).

Earnings vs Market: ABDN's earnings (33.6% per year) are forecast to grow faster than the UK market (9.8% per year).

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

Revenue vs Market: ABDN's revenue (5.4% per year) is forecast to grow faster than the UK market (4.5% per year).

High Growth Revenue: ABDN's revenue (5.4% 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 (3.7%).


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Past Performance

How has abrdn performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ABDN has a large one-off gain of £513.0M impacting its June 30 2022 financial results.

Growing Profit Margin: ABDN's current net profit margins (38.1%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: ABDN's earnings have grown significantly by 31.1% per year over the past 5 years.

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

Earnings vs Industry: ABDN had negative earnings growth (-59.2%) over the past year, making it difficult to compare to the Capital Markets industry average (24.3%).


Return on Equity

High ROE: ABDN's Return on Equity (8.6%) is considered low.


Discover strong past performing companies

Financial Health

How is abrdn's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • 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 (£3.8B) exceed its short term liabilities (£107.0M).

Long Term Liabilities: ABDN's short term assets (£3.8B) exceed its long term liabilities (£3.8B).


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 29.3% to 11% over the past 5 years.

Debt Coverage: ABDN's debt is well covered by operating cash flow (25.7%).

Interest Coverage: ABDN's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


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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

  • Cash Flow Coverage


8.46%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 16 2022Ex Dividend DateAug 18 2022Dividend Pay DateSep 27 202240 days from Ex DividendBuy in the next 1 day to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ABDN's dividend (8.46%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: ABDN's dividend (8.46%) is in the top 25% of dividend payers in the UK market (5.13%)


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 reasonable payout ratio (52.2%), ABDN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (164.7%), ABDN's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.3yrs

Average management tenure


CEO

Stephen Bird (55 yo)

1.92yrs

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 ($USD3.38M) is about average for companies of similar size in the UK market ($USD3.12M).

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


Leadership Team

Experienced Management: ABDN's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: ABDN's board of directors are not considered experienced ( 2.5 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.


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£3.684b
  • Shares outstanding: 2.10b
  • 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 Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/06/30
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.