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

AEI fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
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.

Price History & Performance

Summary of all time highs, changes and price drops for abrdn Equity Income Trust
Historical stock prices
Current Share Price	UK£3.61
52 Week High	UK£3.85
52 Week Low	UK£3.15
Beta	1.09
1 Month Change	-2.17%
3 Month Change	-1.10%
1 Year Change	-3.22%
3 Year Change	-14.96%
5 Year Change	-18.56%
Change since IPO	301.11%

Shareholder Returns

	AEI	GB Capital Markets	GB Market
7D	-2.4%	-5.6%	-2.6%
1Y	-3.2%	-11.8%	-5.2%

Return vs Industry: AEI exceeded the UK Capital Markets industry which returned -11.8% over the past year.

Return vs Market: AEI exceeded the UK Market which returned -5.2% over the past year.

Price Volatility

Is AEI's price volatile compared to industry and market?
AEI volatility
AEI Average Weekly Movement	3.6%
Capital Markets Industry Average Movement	4.8%
Market Average Movement	6.0%
10% most volatile stocks in GB Market	11.7%
10% least volatile stocks in GB Market	3.0%

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

Volatility Over Time: AEI's weekly volatility (4%) 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£173.40m
Earnings (TTM)	UK£54.72m
Revenue (TTM)	UK£56.72m

3.2x

P/E Ratio

3.1x

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£56.72m
Cost of Revenue	UK£0
Gross Profit	UK£56.72m
Other Expenses	UK£2.00m
Earnings	UK£54.72m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	1.14
Gross Margin	100.00%
Net Profit Margin	96.47%
Debt/Equity Ratio	13.6%

How did AEI perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

19%

Payout Ratio

Valuation

Is abrdn Equity Income Trust 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

3.17x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

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 Ratio

PE vs Industry: AEI is good value based on its PE Ratio (3.2x) compared to the UK Capital Markets industry average (9.9x).

PE vs Market: AEI is good value based on its PE Ratio (3.2x) compared to the UK market (15.6x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: AEI is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.2x).

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

12.4%

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

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-8.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AEI has high quality earnings.

Growing Profit Margin: AEI became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: AEI's earnings have declined by 8.5% per year over the past 5 years.

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

Earnings vs Industry: AEI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (68.2%).

Return on Equity

High ROE: AEI's Return on Equity (29.9%) is considered high.

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 (£4.8M) do not cover its short term liabilities (£29.3M).

Long Term Liabilities: AEI has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: AEI's net debt to equity ratio (11.8%) is considered satisfactory.

Reducing Debt: AEI's debt to equity ratio has increased from 13% to 13.6% 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 (152.5x 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

5.87%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AEI's dividend (5.87%) is higher than the bottom 25% of dividend payers in the UK market (1.78%).

High Dividend: AEI's dividend (5.87%) is in the top 25% of dividend payers in the UK market (4.81%)

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 low payout ratio (18.7%), AEI's dividend payments are well 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?

13.5yrs

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 ( 13.5 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	2022/05/07 00:00
End of Day Share Price	2022/05/06 00:00
Earnings	2021/09/30
Annual Earnings	2021/09/30