LSE:AJIT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Aberdeen Japan Investment Trust

Executive Summary

Aberdeen Japan Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. More Details

Rewards


Snowflake Analysis

Share Price & News

How has Aberdeen Japan Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AJIT is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: AJIT's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-9.0%

AJIT

-1.7%

GB Capital Markets

-2.3%

GB Market


1 Year Return

26.5%

AJIT

15.5%

GB Capital Markets

1.1%

GB Market

Return vs Industry: AJIT exceeded the UK Capital Markets industry which returned 13.6% over the past year.

Return vs Market: AJIT exceeded the UK Market which returned -0.2% over the past year.


Shareholder returns

AJITIndustryMarket
7 Day-9.0%-1.7%-2.3%
30 Day-9.6%2.8%-0.1%
90 Day-2.1%11.9%4.2%
1 Year29.3%26.5%19.2%15.5%7.1%1.1%
3 Year22.0%16.0%50.7%33.5%9.7%-3.4%
5 Year63.2%52.3%111.8%76.1%36.9%10.5%

Long-Term Price Volatility Vs. Market

How volatile is Aberdeen Japan Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Aberdeen Japan Investment Trust undervalued compared to its fair value and its price relative to the market?

7.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AJIT (£7.05) is trading above our estimate of fair value (£6.99)

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


Price To Earnings Ratio

PE vs Industry: AJIT is good value based on its PE Ratio (7.3x) compared to the GB Capital Markets industry average (21.2x).

PE vs Market: AJIT is good value based on its PE Ratio (7.3x) compared to the UK market (24x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AJIT is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is Aberdeen Japan Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.8%

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 Aberdeen Japan Investment 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 Aberdeen Japan Investment Trust performed over the past 5 years?

-10.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AJIT has high quality earnings.

Growing Profit Margin: AJIT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AJIT's earnings have declined by 10.6% per year over the past 5 years.

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

Earnings vs Industry: AJIT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-1.4%).


Return on Equity

High ROE: AJIT's Return on Equity (12.9%) is considered low.

Financial Health

How is Aberdeen Japan Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: AJIT's short term assets (£1.1M) do not cover its short term liabilities (£12.8M).

Long Term Liabilities: AJIT has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: AJIT's debt to equity ratio (11.9%) is considered satisfactory.

Reducing Debt: AJIT's debt to equity ratio has reduced from 13% to 11.9% over the past 5 years.

Debt Coverage: AJIT's debt is not well covered by operating cash flow (6.4%).

Interest Coverage: AJIT's interest payments on its debt are well covered by EBIT (127.4x coverage).


Balance Sheet

Dividend

What is Aberdeen Japan Investment Trust current dividend yield, its reliability and sustainability?

2.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AJIT's dividend (2.55%) is higher than the bottom 25% of dividend payers in the UK market (1.48%).

High Dividend: AJIT's dividend (2.55%) is low compared to the top 25% of dividend payers in the UK market (4.52%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.4%), AJIT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

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

12.1yrs

Average board tenure


CEO

Hugh Young (62 yo)

no data

Tenure

Mr. Hugh Young is Managing Director of Aberdeen Standard Investments (Asia) Limited Mr. Young is Head of Asia at Aberdeen Standard Investments Limited. He also is Portfolio Manager at Aberdeen Standard Inv...


Board Members

NamePositionTenureCompensationOwnership
Kevin Pakenham
Senior Independent Non-Executive Director of Aberdeen Asset Management Asia Ltd11.83yrsUK£18.00kno data
Ralph Gaskell
Independent Non Executive Chairman of Aberdeen Asset Management Asia Ltd12.42yrsUK£23.00kno data
Andrew Burns
Independent Non Executive Director of Aberdeen Asset Management Asia Ltd13yrsUK£16.50kno data
Karen Brade
Independent Non-Executive Director of Aberdeen Asset Management Asia Ltd 7.75yrsUK£15.13k0.012%
£ 11.3k

12.1yrs

Average Tenure

71.5yo

Average Age

Experienced Board: AJIT's board of directors are seasoned and experienced ( 12.1 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.


Top Shareholders

Company Information

Aberdeen Japan Investment Trust PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aberdeen Japan Investment Trust PLC
  • Ticker: AJIT
  • Exchange: LSE
  • Founded: 1998
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£94.622m
  • Shares outstanding: 13.42m
  • Website: https://www.aberdeenjapan.co.uk

Location

  • Aberdeen Japan Investment Trust PLC
  • 4th Floor
  • Union Plaza
  • Aberdeen
  • Aberdeenshire
  • AB10 1DQ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AJITLSE (London Stock Exchange)YesOrdinary SharesGBGBPOct 1998

Biography

Aberdeen Japan Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of Japan. It seeks to invest i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 20:02
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.