Ascension Capital (NZSE:ACE) - Share price, News & Analysis

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

ACE Stock Overview

Ascension Capital Limited is a publicly owned investment manager.

Risk Analysis

Has less than 1 year of cash runway

Shares are highly illiquid

Makes less than USD$1m in revenue (NZ$161)

Does not have a meaningful market cap (NZ$1M)

+ 1 more risk

Ascension Capital Competitors

Integra Capital Management

BSE:531314

₹76.7m

GlassBridge Enterprises

OTCPK:GLAE

US$478.2k

Svam Software

BSE:523722

₹85.1m

J4 Ventures

TSXV:JJJJ.P

CA$851.5k

Price History & Performance

Summary of all time highs, changes and price drops for Ascension Capital
Historical stock prices
Current Share Price	NZ$0.055
52 Week High	NZ$0.10
52 Week Low	NZ$0.05
Beta	0.49
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	-86.25%
5 Year Change	-45.00%
Change since IPO	-100.00%

Recent News & Updates

Mar 12

How Many Ascension Capital Limited (NZSE:ACE) Shares Have Insiders Sold, In The Last Year?

We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...

Nov 27

Have Insiders Been Selling Ascension Capital Limited (NZSE:ACE) Shares This Year?

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

Shareholder Returns

	ACE	NZ Capital Markets	NZ Market
7D	0%	-0.5%	2.1%
1Y	n/a	-4.3%	-11.3%

Return vs Industry: Insufficient data to determine how ACE performed against the NZ Capital Markets industry.

Return vs Market: Insufficient data to determine how ACE performed against the NZ Market.

Price Volatility

Is ACE's price volatile compared to industry and market?
ACE volatility
ACE Average Weekly Movement	n/a
Capital Markets Industry Average Movement	5.8%
Market Average Movement	4.4%
10% most volatile stocks in NZ Market	8.2%
10% least volatile stocks in NZ Market	3.0%

Stable Share Price: Insufficient data to determine ACE's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ACE's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Joe van Wijk

Ascension Capital Limited is a publicly owned investment manager. The firm is listed on the New Zealand Stock Exchange. The company was formerly known as TRS Investments Limited and changed its name to Ascension Capital Limited in July 2020.

Ascension Capital Fundamentals Summary

How do Ascension Capital's earnings and revenue compare to its market cap?
ACE fundamental statistics
Market Cap	NZ$1.05m
Earnings (TTM)	-NZ$171.17k
Revenue (TTM)	NZ$161.00

0.0x

P/S Ratio

-6.2x

P/E Ratio

Is ACE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACE income statement (TTM)
Revenue	NZ$161.00
Cost of Revenue	NZ$0
Gross Profit	NZ$161.00
Other Expenses	NZ$171.33k
Earnings	-NZ$171.17k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0089
Gross Margin	100.00%
Net Profit Margin	-106,317.39%
Debt/Equity Ratio	-63.8%

How did ACE perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book 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 ACE?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ACE. This is calculated by dividing ACE's market cap by their current preferred multiple.
What is ACE's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	NZ$1.05m

ACE 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	8905.6x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does ACE's PB Ratio compare to its peers?

ACE PB Ratio vs Peers

The above table shows the PB ratio for ACE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PB	Estimated Growth	Market Cap
Peer Average	1x
531314 Integra Capital Management	1.9x	n/a	₹76.7m
GLAE GlassBridge Enterprises	0.04x	n/a	US$478.2k
523722 Svam Software	0.4x	n/a	₹85.1m
JJJJ.P J4 Ventures	1.7x	n/a	CA$851.5k
ACE Ascension Capital	n/a	n/a	NZ$1.1m

Price-To-Book vs Peers: ACE is good value based on its Price-To-Book Ratio (-1.7x) compared to the peer average (1x).

Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: ACE is good value based on its Price-To-Book Ratio (-1.7x) compared to the Oceanic Capital Markets industry average (1.2x)

Price to Book Ratio vs Fair Ratio

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

ACE PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	-1.7x
Fair PB Ratio	n/a

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

Share Price vs Fair Value

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

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

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

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Take a look at our analysis of ACE's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Ascension Capital regulatory filings.

Future Growth

How is Ascension Capital 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

6.3%

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 Ascension Capital 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.

Discover growth companies

Take a look at our analysis of ACE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
Ascension Capital competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Ascension Capital performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

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

20.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ACE is currently unprofitable.

Growing Profit Margin: ACE is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ACE is unprofitable, but has reduced losses over the past 5 years at a rate of 20.5% per year.

Accelerating Growth: Unable to compare ACE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ACE is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (29.3%).

Return on Equity

High ROE: ACE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Discover strong past performing companies

Financial Health

How is Ascension Capital's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ACE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ACE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.

Debt to Equity History and Analysis

Debt Level: ACE has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ACE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ACE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ACE has less than a year of cash runway if free cash flow continues to grow at historical rates of 7% each year.

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Dividend

What is Ascension Capital current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ACE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ACE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ACE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ACE's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ACE has not reported any payouts.

Discover strong dividend paying companies

Management

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

4.2yrs

Average board tenure

CEO

Joe van Wijk

no data

Tenure

Mr. Joseph van Wijk, also known as Joe, BBus, M.B.A., C.A., serves as the Managing Director at Abel Tasman Corporation Limited and Tasman Capital Limited. Mr. van Wijk serves as Managing Director of Ascens...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Joe's total compensation is reasonable compared to companies of similar size in the NZ market.

Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.

Board Members

Experienced Board: ACE's board of directors are considered experienced (4.2 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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/08 00:00
End of Day Share Price	2022/07/15 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31