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ASB Capital

NZSE:ASBPA
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASBPA
NZSE
NZ$200M
Market Cap
  1. Home
  2. NZ
  3. Diversified Financials
Company description

ASB Capital Limited, a finance company, issues perpetual preference shares to the New Zealand market. The last earnings update was 120 days ago. More info.


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ASBPA Share Price and Events
7 Day Returns
0%
NZSE:ASBPA
-2.5%
Oceania Capital Markets
0.3%
NZ Market
1 Year Returns
12.4%
NZSE:ASBPA
7.3%
Oceania Capital Markets
11.1%
NZ Market
ASBPA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ASB Capital (ASBPA) 0% 0.4% 0.8% 12.4% 25.3% 14.3%
Oceania Capital Markets -2.5% -5.8% 0.6% 7.3% 68.7% 99.5%
NZ Market 0.3% 2.1% 7% 11.1% 26.3% 51.8%
1 Year Return vs Industry and Market
  • ASBPA outperformed the Capital Markets industry which returned 7.3% over the past year.
  • ASBPA outperformed the Market in New Zealand which returned 11.1% over the past year.
Price Volatility
ASBPA
Industry
5yr Volatility vs Market

Value

 Is ASB Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ASB Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ASB Capital.

NZSE:ASBPA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NZ$0.00 * 2.6%
NZ$0.00
Book Value of Equity per Share Median Book Value from the past 5 years. NZ$0.00
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year NZ Government Bond Rate 2.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NZSE:ASBPA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NZ Govt Bond Rate 2.4%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.702 (1 + (1- 28%) (0%))
0.8
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.37% + (0.8 * 5.96%)
7.14%

Discounted Cash Flow Calculation for NZSE:ASBPA using Excess Returns Model Model

The calculations below outline how an intrinsic value for ASB Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NZSE:ASBPA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.6% – 7.14%) * NZ$0.00)
NZ$0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NZ$0.00 / (7.14% - 2.37%)
NZ$0.00
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NZ$0.00 + NZ$0.00
NZ$0
NZSE:ASBPA Discount to Share Price
Calculation Result
Value per share (NZD) From above. NZ$0.00
Current discount Discount to share price of NZ$1.00
= -1 x (NZ$1.00 - NZ$0.00) / NZ$0.00
-631304.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ASB Capital is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ASB Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ASB Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NZSE:ASBPA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NZD NZ$0.02
NZSE:ASBPA Share Price ** NZSE (2019-05-01) in NZD NZ$1
Oceania Capital Markets Industry PE Ratio Median Figure of 22 Publicly-Listed Capital Markets Companies 18.95x
New Zealand Market PE Ratio Median Figure of 91 Publicly-Listed Companies 18.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ASB Capital.

NZSE:ASBPA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:ASBPA Share Price ÷ EPS (both in NZD)

= 1 ÷ 0.02

41.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASB Capital is overvalued based on earnings compared to the Oceania Capital Markets industry average.
  • ASB Capital is overvalued based on earnings compared to the New Zealand market.
Price based on expected Growth
Does ASB Capital's expected growth come at a high price?
Raw Data
NZSE:ASBPA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
25.6%per year
Oceania Capital Markets Industry PEG Ratio Median Figure of 10 Publicly-Listed Capital Markets Companies 2.48x
New Zealand Market PEG Ratio Median Figure of 67 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ASB Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ASB Capital's assets?
Raw Data
NZSE:ASBPA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NZD NZ$0.00
NZSE:ASBPA Share Price * NZSE (2019-05-01) in NZD NZ$1
Oceania Capital Markets Industry PB Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 1.41x
New Zealand Market PB Ratio Median Figure of 125 Publicly-Listed Companies 1.54x
NZSE:ASBPA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:ASBPA Share Price ÷ Book Value per Share (both in NZD)

= 1 ÷ 0.00

327.87x

* Primary Listing of ASB Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASB Capital is overvalued based on assets compared to the Oceania Capital Markets industry average.
X
Value checks
We assess ASB Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. ASB Capital has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover ASB Capital, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ASB Capital expected to grow at an attractive rate?
  • ASB Capital's earnings growth is expected to exceed the low risk savings rate of 2.4%.
Growth vs Market Checks
  • ASB Capital's earnings growth is expected to exceed the New Zealand market average.
  • Unable to compare ASB Capital's revenue growth to the New Zealand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NZSE:ASBPA Future Growth Rates Data Sources
Data Point Source Value (per year)
NZSE:ASBPA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 25.6%
Oceania Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7%
Oceania Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
New Zealand Market Earnings Growth Rate Market Cap Weighted Average 5.1%
New Zealand Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NZSE:ASBPA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NZSE:ASBPA Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2018-12-31 7 5 5
2018-09-30 7 5 5
2018-06-30 7 5 5
2018-03-31 7 5 5
2017-12-31 7 5 5
2017-09-30 7 5 5
2017-06-30 7 5 5
2017-03-31 8 5 5
2016-12-31 8 6 6
2016-09-30 8 6 6
2016-06-30 9 6 6
2016-03-31 9 7 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ASB Capital's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if ASB Capital is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NZSE:ASBPA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ASB Capital Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:ASBPA Past Financials Data
Date (Data in NZD Millions) EPS *
2018-12-31
2018-09-30
2018-06-30 0.02
2018-03-31 0.02
2017-12-31
2017-09-30
2017-06-30 0.03
2017-03-31 0.03
2016-12-31
2016-09-30
2016-06-30 0.03
2016-03-31 0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ASB Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ASB Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Oceania market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Oceania market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ASB Capital has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ASB Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ASB Capital's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ASB Capital's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • ASB Capital's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ASB Capital's 1-year earnings growth is negative, it can't be compared to the Oceania Capital Markets industry average.
Earnings and Revenue History
ASB Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ASB Capital Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:ASBPA Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6.63 4.76
2018-09-30 6.67 4.79
2018-06-30 6.71 4.82
2018-03-31 6.77 4.86 -0.01
2017-12-31 6.83 4.90 -0.01
2017-09-30 7.06 5.07 -0.01
2017-06-30 7.29 5.24
2017-03-31 7.59 5.45 0.01
2016-12-31 7.88 5.66 0.01
2016-09-30 8.34 5.99 0.01
2016-06-30 8.79 6.32
2016-03-31 9.33 6.70
2015-12-31 9.87 7.09
2015-09-30 9.71 6.98
2015-06-30 9.56 6.87
2015-03-31 9.17 6.59
2014-12-31 8.79 6.31
2014-09-30 8.50 6.11
2014-06-30 8.22 5.91
2014-03-31 7.94 5.71
2013-12-31 7.66 5.50
2013-09-30 7.68 5.52
2013-06-30 7.71 5.53
2013-03-31 7.83 5.62
2012-12-31 7.96 5.71
2012-09-30 8.28 5.95
2012-06-30 8.60 6.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ASB Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ASB Capital used its assets less efficiently than the Oceania Capital Markets industry average last year based on Return on Assets.
  • ASB Capital's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ASB Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ASB Capital has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ASB Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ASB Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ASB Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ASB Capital has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ASB Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • ASB Capital has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ASB Capital Company Filings, last reported 4 months ago.

NZSE:ASBPA Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 200.62 0.00 0.09
2018-09-30 200.62 0.00 0.09
2018-06-30 200.61 0.00 0.40
2018-03-31 200.61 0.00 0.40
2017-12-31 200.61 0.00 0.11
2017-09-30 200.61 0.00 0.11
2017-06-30 200.63 0.00 0.43
2017-03-31 200.63 0.00 0.43
2016-12-31 200.63 0.00 0.18
2016-09-30 200.63 0.00 0.18
2016-06-30 200.74 0.00 0.52
2016-03-31 200.74 0.00 0.52
2015-12-31 200.73 0.00 0.25
2015-09-30 200.73 0.00 0.25
2015-06-30 200.93 0.00 0.54
2015-03-31 200.93 0.00 0.54
2014-12-31 200.90 0.00 0.01
2014-09-30 200.90 0.00 0.01
2014-06-30 200.80 0.00 0.46
2014-03-31 200.80 0.00 0.46
2013-12-31 200.79 0.00 0.09
2013-09-30 200.79 0.00 0.09
2013-06-30 200.69 0.00 0.44
2013-03-31 200.69 0.00 0.44
2012-12-31 200.69 0.00 0.09
2012-09-30 200.69 0.00 0.09
2012-06-30 200.74 0.00 0.51
  • ASB Capital has no debt.
  • ASB Capital has not taken on any debt in the past 5 years.
  • ASB Capital has no debt, it does not need to be covered by operating cash flow.
  • ASB Capital has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess ASB Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ASB Capital has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ASB Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.3%
Current annual income from ASB Capital dividends.
If you bought NZ$2,000 of ASB Capital shares you are expected to receive NZ$66 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ASB Capital's pays a higher dividend yield than the bottom 25% of dividend payers in New Zealand (3.3%).
  • ASB Capital's dividend is below the markets top 25% of dividend payers in New Zealand (5.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NZSE:ASBPA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Oceania Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.2%
New Zealand Market Average Dividend Yield Market Cap Weighted Average of 73 Stocks 3.8%
New Zealand Minimum Threshold Dividend Yield 10th Percentile 2.2%
New Zealand Bottom 25% Dividend Yield 25th Percentile 3.3%
New Zealand Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NZSE:ASBPA Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2018-10-29 0.033 3.598
2018-01-17 0.033 3.641
2017-07-26 0.034 4.024
2016-07-28 0.043 5.344
2015-07-23 0.050 6.014
2015-01-15 0.025 2.867
2014-07-18 0.042 4.542
2013-08-20 0.038 4.273
2013-02-15 0.038 4.630
2013-01-15 0.038 5.093
2012-08-15 0.042 6.103
2012-07-13 0.042 6.403
2011-08-26 0.048 6.961
2011-07-13 0.048 6.077
2010-07-15 0.048 6.372
2010-01-13 0.057 7.133
2009-08-12 0.067 8.411

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of ASB Capital's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ASB Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ASB Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ASB Capital has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ASB Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • ASB Capital has no CEO, or we have no data on them.
Management Team
Board of Directors

Jon Raby

TITLE
Chairman

Chandu Bhindi

TITLE
Director
AGE
50
TENURE
1.9 yrs

Vincent Shortt

TITLE
Director
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NZ$) Value (NZ$)
X
Management checks
We assess ASB Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ASB Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Interested In ASB Capital Limited (NZSE:ASBPA)? Here's How It Performed Recently

Assessing ASB Capital Limited's (NZSE:ASBPA) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how ASB Capital is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its capital markets industry peers. … How Did ASBPA's Recent Performance Stack Up Against Its Past.

Simply Wall St -

Interested In ASB Capital Limited (NZSE:ASBPA)’s Upcoming $0.01 Dividend? You Have 3 Days Left

View our latest analysis for ASB Capital How I analyze a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it paying an annual yield above 75% of dividend payers? … Is its earnings sufficient to payout dividend at the current rate? … Based on future earnings growth, will it be able to continue to payout dividend at the current rate?

Simply Wall St -

Should Income Investors Buy ASB Capital Limited (NZSE:ASBPA) Before Its Ex-Dividend?

See our latest analysis for ASBPA 5 questions to ask before buying a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Does it pay an annual yield higher than 75% of dividend payers? … Reliablity is an important factor for dividend stocks, particularly for income investors who want a strong track record of payment and a positive outlook for future payout. … After digging a little deeper into ASBPA's yield, it's easy to see why you should be cautious investing in the company just for the dividend.

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Company Info

Description

ASB Capital Limited, a finance company, issues perpetual preference shares to the New Zealand market. It has advanced the proceeds of the issue of perpetual preference shares to ASB Funding Limited. The company was incorporated in 2002 and is based in Auckland, New Zealand. ASB Capital Limited is a subsidiary of CBA Funding (NZ) Limited.

Details
Name: ASB Capital Limited
ASBPA
Exchange: NZSE
Founded: 2002
NZ$200,000,000
200,000,000
Website: http://www.asb.co.nz
Address: ASB Capital Limited
ASB North Wharf,
Level 2,
Auckland,
1010,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE ASBPA Perpetual Preferred Shares New Zealand Stock Exchange NZ NZD 13. Dec 2002
NZSE ASBPB 3.02%-FR PERP RESET PRF SHS New Zealand Stock Exchange NZ NZD 23. Dec 2004
Number of employees
Current staff
Staff numbers
0
ASB Capital employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/17 10:31
End of day share price update: 2019/05/01 00:00
Last earnings filing: 2019/01/17
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.