NZSE:ACE

Stock Analysis Report

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Market Cap

NZ$1.9m

Last Updated

2021/06/13 07:00 UTC

Data Sources

Company Financials

Executive Summary

Ascension Capital Limited is a publicly owned investment manager. More Details


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Ascension Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

0%

ACE

-0.5%

NZ Capital Markets

-0.3%

NZ Market


1 Year Return

-50.0%

ACE

22.7%

NZ Capital Markets

14.0%

NZ Market

Return vs Industry: ACE underperformed the NZ Capital Markets industry which returned 22.7% over the past year.

Return vs Market: ACE underperformed the NZ Market which returned 14% over the past year.


Shareholder returns

ACEIndustryMarket
7 Day0%-0.5%-0.3%
30 Day0%2.2%-0.2%
90 Day0%5.6%-1.4%
1 Year-50.0%-50.0%26.8%22.7%17.2%14.0%
3 Year-80.0%-80.0%42.6%26.6%37.7%21.2%
5 Year-50.0%-50.0%111.3%70.2%80.1%38.2%

Long-Term Price Volatility Vs. Market

How volatile is Ascension Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ascension Capital undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Ascension Capital is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Ascension Capital has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

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

8.6%

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.


Past Performance

How has Ascension Capital performed over the past 5 years?

-3.2%

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, and losses have increased over the past 5 years at a rate of 3.2% 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 (1%).


Return on Equity

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


Financial Health

How is Ascension Capital's financial position?


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 reduce at historical rates of 4% each year


Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ACE's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

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

16.3yrs

Average board tenure


CEO

Joe van Wijk

no data

Tenure

NZ$40,000

Compensation

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: Joe's total compensation ($USD28.47K) is below average for companies of similar size in the NZ market ($USD258.25K).

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


Board Members

Experienced Board: ACE's board of directors are seasoned and experienced ( 16.3 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 been diluted in the past year, with total shares outstanding growing by 43.7%.


Top Shareholders

Company Information

Ascension Capital Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ascension Capital Limited
  • Ticker: ACE
  • Exchange: NZSE
  • Founded: NaN
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: NZ$1.915m
  • Shares outstanding: 1.91b

Location

  • Ascension Capital Limited
  • Tower Building
  • Level 2
  • Wellington
  • 6143
  • New Zealand

Listings


Biography

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 Asc...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/13 07:00
End of Day Share Price2021/06/10 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.