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ASL.

Automatic SystemsMUSE:ASL.N0000 Stock Report

Market Cap

MU₨347.3m

7D

-0.3%

1Y

26.0%

Updated

18 Oct, 2021

Data

Company Financials
ASL.N0000 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends3/6

ASL.N0000 Overview

Automatic Systems Ltd. operates a totalisator system (Tote) of betting on horse races organized by the Mauritius Turf Club in Mauritius.

Price History & Performance

Summary of all time highs, changes and price drops for Automatic Systems
Historical stock prices
Current Share PriceMU₨98.25
52 Week HighMU₨75.25
52 Week LowMU₨105.00
Beta0.30
1 Month Change6.79%
3 Month Change-6.43%
1 Year Change25.96%
3 Year Change34.59%
5 Year Change69.40%
Change since IPO173.68%

Recent News & Updates

Shareholder Returns

ASL.N0000MU HospitalityMU Market
7D-0.3%0.8%0.2%
1Y26.0%36.9%13.9%

Return vs Industry: ASL.N0000 underperformed the MU Hospitality industry which returned 38.7% over the past year.

Return vs Market: ASL.N0000 exceeded the MU Market which returned 13.9% over the past year.

Price Volatility

Is ASL.N0000's price volatile compared to industry and market?
ASL.N0000 volatility
ASL.N0000 Beta0.30
Industry Beta0.56
Market Beta1

Stable Share Price: ASL.N0000 is not significantly more volatile than the rest of MU stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ASL.N0000's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199130Robert Ah Yanhttps://www.automaticsystemsltd.mu

Automatic Systems Ltd. operates a totalisator system (Tote) of betting on horse races organized by the Mauritius Turf Club in Mauritius. It operates through three segments: Totalisator, Fixed Odds, and All Other Segments. The company also organizes fixed odds betting on foreign football matches in Mauritius, as well as in Kenya and Nigeria.

Automatic Systems Fundamentals Summary

How do Automatic Systems's earnings and revenue compare to its market cap?
ASL.N0000 fundamental statistics
Market CapMU₨347.31m
Earnings (TTM)MU₨47.91m
Revenue (TTM)MU₨451.27m

7.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASL.N0000 income statement (TTM)
RevenueMU₨451.27m
Cost of RevenueMU₨17.17m
Gross ProfitMU₨434.11m
ExpensesMU₨386.20m
EarningsMU₨47.91m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)13.55
Gross Margin96.20%
Net Profit Margin10.62%
Debt/Equity Ratio0.0%

How did ASL.N0000 perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

37%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASL.N0000 (MUR98.25) is trading below our estimate of fair value (MUR1230.09)

Significantly Below Fair Value: ASL.N0000 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ASL.N0000 is good value based on its PE Ratio (7.2x) compared to the African Hospitality industry average (27.1x).

PE vs Market: ASL.N0000 is good value based on its PE Ratio (7.2x) compared to the MU market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASL.N0000's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASL.N0000 is overvalued based on its PB Ratio (3.4x) compared to the MU Hospitality industry average (0.9x).


Future Growth

How is Automatic Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

45.4%

Forecasted Consumer Services 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 Automatic Systems 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 Automatic Systems performed over the past 5 years?

11.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASL.N0000 has high quality earnings.

Growing Profit Margin: ASL.N0000's current net profit margins (10.6%) are higher than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: ASL.N0000's earnings have grown by 11.9% per year over the past 5 years.

Accelerating Growth: ASL.N0000's earnings growth over the past year (139.2%) exceeds its 5-year average (11.9% per year).

Earnings vs Industry: ASL.N0000 earnings growth over the past year (139.2%) exceeded the Hospitality industry 23.9%.


Return on Equity

High ROE: ASL.N0000's Return on Equity (50%) is considered outstanding.


Financial Health

How is Automatic Systems's financial position?


Financial Position Analysis

Short Term Liabilities: ASL.N0000's short term assets (MUR74.5M) do not cover its short term liabilities (MUR85.7M).

Long Term Liabilities: ASL.N0000's short term assets (MUR74.5M) exceed its long term liabilities (MUR4.5M).


Debt to Equity History and Analysis

Debt Level: ASL.N0000 is debt free.

Reducing Debt: ASL.N0000 had no debt 5 years ago.

Debt Coverage: ASL.N0000 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ASL.N0000 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Automatic Systems's current dividend yield, its reliability and sustainability?

5.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASL.N0000's dividend (5.09%) is higher than the bottom 25% of dividend payers in the MU market (2.11%).

High Dividend: ASL.N0000's dividend (5.09%) is in the top 25% of dividend payers in the MU market (3.69%)


Stability and Growth of Payments

Stable Dividend: ASL.N0000's dividend payments have been volatile in the past 10 years.

Growing Dividend: ASL.N0000's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.9%), ASL.N0000'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.


Next Steps

Management

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

11.6yrs

Average board tenure


CEO

Robert Ah Yan (52 yo)

1.17yrs

Tenure

Mr. Robert Ah Yan has been General Manager at Automatic Systems Ltd. since August 01, 2020. He has been Tote and Sports Systems Manager at Automatic Systems Ltd.since 2011. Mr. Yan joined Hardy Henry & Ci...


Board Members

Experienced Board: ASL.N0000's board of directors are seasoned and experienced ( 11.6 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Automatic Systems Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Automatic Systems Ltd.
  • Ticker: ASL.N0000
  • Exchange: MUSE
  • Founded: 1991
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: MU₨347.314m
  • Shares outstanding: 3.54m
  • Website: https://www.automaticsystemsltd.mu

Number of Employees


Location

  • Automatic Systems Ltd.
  • Palm Square
  • 2nd Floor
  • Tamarin
  • 90906
  • Mauritius

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:40
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.