Aims Property Securities Fund is a close-ended fund of funds launched by MacArthurCook Ltd.
Fair value with poor track record.
Share Price & News
How has Aims Property Securities Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BVP has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how BVP performed against the SG REITs industry.
Return vs Market: Insufficient data to determine how BVP performed against the SG Market.
Price Volatility Vs. Market
How volatile is Aims Property Securities Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Aims Property Securities Fund undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BVP (SGD1.4) is trading above our estimate of fair value (SGD0.53)
Significantly Below Fair Value: BVP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BVP is good value based on its PE Ratio (7.5x) compared to the REITs industry average (14.8x).
PE vs Market: BVP is good value based on its PE Ratio (7.5x) compared to the SG market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BVP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BVP is good value based on its PB Ratio (0.6x) compared to the SG REITs industry average (1x).
How is Aims Property Securities Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate 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 Aims Property Securities Fund 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.
- Examine whether Aims Property Securities Fund is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Aims Property Securities Fund competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Aims Property Securities Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BVP has high quality earnings.
Growing Profit Margin: BVP's current net profit margins (77.3%) are lower than last year (85.2%).
Past Earnings Growth Analysis
Earnings Trend: BVP's earnings have declined by -23.9% per year over the past 5 years.
Accelerating Growth: BVP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BVP had negative earnings growth (-31%) over the past year, making it difficult to compare to the REITs industry average (4.2%).
Return on Equity
High ROE: BVP's Return on Equity (7.7%) is considered low.
Return on Assets
Return on Capital Employed
How is Aims Property Securities Fund's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: BVP has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if BVP's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: BVP's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if BVP has a sufficient allowance for bad loans.
Low Risk Liabilities: BVP reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if BVP has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BVP has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if BVP has an appropriate level of bad loans.
What is Aims Property Securities Fund's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BVP's dividend (1.72%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.53%).
High Dividend: BVP's dividend (1.72%) is low compared to the top 25% of dividend payers in the SG market (5.71%).
Stability and Growth of Payments
Stable Dividend: BVP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BVP has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (76.5%), BVP's payments are 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.
How experienced are the management team and are they aligned to shareholders interests?
Aims Property Securities Fund has no CEO, or we have no data on them.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Aims Property Securities Fund's company bio, employee growth, exchange listings and data sources
- Name: Aims Property Securities Fund
- Ticker: BVP
- Exchange: SGX
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: AU$65.443m
- Listing Market Cap: AU$61.212m
- Shares outstanding: 44.52m
- Website: https://www.aimsfunds.com.au
- Aims Property Securities Fund
- 259 George Street
- Level 41
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|APW||ASX (Australian Securities Exchange)||Yes||Ordinary Units||AU||AUD||Dec 2004|
|BVP||SGX (Singapore Exchange)||Yes||Ordinary Units||SG||SGD||Dec 2004|
|APW||CHIA (Chi-X Australia)||Yes||Ordinary Units||AU||AUD||Dec 2004|
Aims Property Securities Fund is a close-ended fund of funds launched by MacArthurCook Ltd. The fund is managed by MacarthurCook Fund Management Limited. It invests in the funds investing in the real estate sector including unlisted property trusts/syndicates, wholesale property funds, listed property trust, listed property-related companies, and cash and fixed interest securities. The fund employs a fundamental analysis with a bottom-up stock picking approach focusing on factors such as skills of manager, quality of fund, quality of properties, debt management skills and commitment to income growth, financial strength, proven management, and business model strength to create its portfolio. It benchmarks the performance of its portfolio against the S&P/ASX200 Property Trust Accumulation Index. The fund conducts in-house research to make its investments. It was formerly known as MacArthurcook Property Securties Fund. Aims Property Securities Fund is domiciled in Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 12:53|
|End of Day Share Price||2020/02/10 00:00|
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.