abrdn Equity Income Trust (LSE:AEI) - Share price, News & Analysis

AEI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	5/6

AEI Stock Overview

abrdn Equity Income Trust plc is a closed-ended equity mutual fund launched and managed by Standard Life Investments (Corporate Funds) Limited.

abrdn Equity Income Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for abrdn Equity Income Trust
Historical stock prices
Current Share Price	UK£3.40
52 Week High	UK£3.85
52 Week Low	UK£3.15
Beta	1.09
1 Month Change	-7.86%
3 Month Change	-5.16%
1 Year Change	-5.56%
3 Year Change	-13.49%
5 Year Change	-24.95%
Change since IPO	277.78%

Shareholder Returns

	AEI	GB Capital Markets	GB Market
7D	-2.9%	-2.5%	-4.0%
1Y	-5.6%	-18.9%	-9.1%

Return vs Industry: AEI exceeded the UK Capital Markets industry which returned -18.9% over the past year.

Return vs Market: AEI exceeded the UK Market which returned -9.1% over the past year.

Price Volatility

Is AEI's price volatile compared to industry and market?
AEI volatility
AEI Average Weekly Movement	3.0%
Capital Markets Industry Average Movement	4.2%
Market Average Movement	5.5%
10% most volatile stocks in GB Market	10.9%
10% least volatile stocks in GB Market	2.8%

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

Volatility Over Time: AEI's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1991	n/a	n/a	https://www.aberdeenstandardequityincometrust.co.uk

abrdn Equity Income Trust plc is a closed-ended equity mutual fund launched and managed by Standard Life Investments (Corporate Funds) Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.

abrdn Equity Income Trust Fundamentals Summary

How do abrdn Equity Income Trust's earnings and revenue compare to its market cap?
AEI fundamental statistics
Market Cap	UK£163.31m
Earnings (TTM)	UK£19.08m
Revenue (TTM)	UK£21.14m

8.6x

P/E Ratio

7.7x

P/S Ratio

Is AEI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AEI income statement (TTM)
Revenue	UK£21.14m
Cost of Revenue	UK£0
Gross Profit	UK£21.14m
Other Expenses	UK£2.06m
Earnings	UK£19.08m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.40
Gross Margin	100.00%
Net Profit Margin	90.24%
Debt/Equity Ratio	14.5%

How did AEI perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

55%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for AEI. This is calculated by dividing AEI's market cap by their current preferred multiple.
What is AEI's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	UK£163.31m

AEI 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/Revenue	8.9x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

AEI PE Ratio vs Peers

The above table shows the PE ratio for AEI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	n/a

Forward PE

Price-To-Earnings vs Peers: Insufficient data to calculate AEI's Price-To-Earnings Ratio vs. peers for valuation analysis.

Price to Earnings Ratio vs Industry

How does AEI's PE Ratio compare vs other companies in the U.K. Capital Markets Industry?

Price-To-Earnings vs Industry: AEI is good value based on its Price-To-Earnings Ratio (8.6x) compared to the UK Capital Markets industry average (9x)

Price to Earnings Ratio vs Fair Ratio

What is AEI'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.

AEI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AEI's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate AEI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AEI's fair value for valuation analysis.

Price to Earnings Growth Ratio

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

Discover undervalued companies

Future Growth

How is abrdn Equity Income Trust 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

11.3%

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 Equity Income Trust 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 Equity Income Trust 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

2.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AEI has high quality earnings.

Growing Profit Margin: AEI's current net profit margins (90.2%) are lower than last year (96.2%).

Past Earnings Growth Analysis

Earnings Trend: AEI's earnings have grown by 2.4% per year over the past 5 years.

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

Earnings vs Industry: AEI had negative earnings growth (-60.9%) over the past year, making it difficult to compare to the Capital Markets industry average (51.3%).

Return on Equity

High ROE: AEI's Return on Equity (10.5%) is considered low.

Financial Health

How is abrdn Equity Income Trust'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: AEI's short term assets (£3.4M) do not cover its short term liabilities (£27.2M).

Long Term Liabilities: AEI has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: AEI's net debt to equity ratio (13.6%) is considered satisfactory.

Reducing Debt: AEI's debt to equity ratio has increased from 12.1% to 14.5% over the past 5 years.

Debt Coverage: Insufficient data to determine if AEI's debt is well covered by operating cash flow.

Interest Coverage: AEI's interest payments on its debt are well covered by EBIT (53.9x coverage).

Balance Sheet

Dividend

What is abrdn Equity Income Trust current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

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

6.24%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AEI's dividend (6.24%) is higher than the bottom 25% of dividend payers in the UK market (1.88%).

High Dividend: AEI's dividend (6.24%) is in the top 25% of dividend payers in the UK market (5.12%)

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.5%), AEI's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.

Management

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

13.6yrs

Average board tenure

CEO

abrdn Equity Income Trust has no CEO, or we have no data on them.

Board Members

Experienced Board: AEI's board of directors are seasoned and experienced ( 13.6 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.

Recent Insider Transactions

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/06/19 00:00
End of Day Share Price	2022/06/17 00:00
Earnings	2022/03/31
Annual Earnings	2021/09/30