Abrdn Income Credit Strategies Fund Past Earnings Performance
Past criteria checks 1/6
Abrdn Income Credit Strategies Fund's earnings have been declining at an average annual rate of -3.1%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 9.5% per year. Abrdn Income Credit Strategies Fund's return on equity is 8%, and it has net margins of 74.7%.
Key information
-3.1%
Earnings growth rate
1.6%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 9.5% |
| Return on equity | 8.0% |
| Net Margin | 74.7% |
| Last Earnings Update | 31 Oct 2023 |
Recent past performance updates
No updates
Recent updates
ACP: Strong Sell Despite 17% Distribution Rate
Jan 03ACP: About To Get Larger Again (Rating Downgrade)
Oct 25ACP Vs. FCO: Comparing Abrdn's 14% And 17% Yielding Credit Funds
Sep 06abrdn Income Credit Strategies Fund declares $0.10 dividend
Feb 10ACP: Time To Take Some Profits On This 15% Yielding CEF
Jan 30Aberdeen Income Credit Strategies Fund goes ex dividend on monday
Jan 20Aberdeen Income Credit Strategies Fund declares $0.10 dividend
Dec 12ACP: High Yield From International Sources
Dec 06Aberdeen Income Credit Strategies Fund declares $0.10 dividend
Nov 10Aberdeen Income Credit Strategies Fund goes ex dividend tomorrow
Oct 20ACP: 30% Return In 2 Years If You Can Stomach Volatility
Sep 20Aberdeen Income Credit Strategies Fund: High Yield, High Risk, Diversified Bond CEF
Aug 11ACP - Still A Sell At These Levels
Mar 10ACP Has Been Good To Us; Now It's Time To Say Good-Bye
Jan 11Credit Investing (Part 2): Focus On ACP And FCT
Sep 23ACP: Rights Offering Post-Mortem
Jul 01ACP: Rights Offering Analysis
May 28Aberdeen Income Credit Strategies Fund declares $0.10 dividend
May 10Aberdeen Income Credit Strategies Fund launches preferred shares offering
Apr 28Aberdeen Income Credit Strategies Fund declares $0.10 dividend
Jan 12Aberdeen Income Credit Strategies Fund declares $0.10 dividend
Dec 09Revenue & Expenses BreakdownBeta
How Abrdn Income Credit Strategies Fund makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Oct 23 | 38 | 28 | 6 | 0 |
| 31 Jul 23 | 35 | 8 | 6 | 0 |
| 30 Apr 23 | 32 | -13 | 5 | 0 |
| 31 Jan 23 | 30 | -37 | 5 | 0 |
| 31 Oct 22 | 29 | -62 | 5 | 0 |
| 31 Jul 22 | 29 | -45 | 5 | 0 |
| 30 Apr 22 | 29 | -27 | 6 | 0 |
| 31 Jan 22 | 27 | 3 | 5 | 0 |
| 31 Oct 21 | 25 | 34 | 5 | 0 |
| 31 Jul 21 | 23 | 56 | 4 | 0 |
| 30 Apr 21 | 21 | 77 | 4 | 0 |
| 31 Jan 21 | 21 | 37 | 4 | 0 |
| 31 Oct 20 | 20 | -4 | 4 | 0 |
| 31 Jul 20 | 20 | -24 | 4 | 0 |
| 30 Apr 20 | 20 | -44 | 4 | 0 |
| 31 Jan 20 | 20 | -23 | 4 | 0 |
| 31 Oct 19 | 20 | -2 | 4 | 0 |
| 31 Jul 19 | 22 | -5 | 4 | 0 |
| 30 Apr 19 | 24 | -8 | 4 | 0 |
| 31 Jan 19 | 26 | -2 | 4 | 0 |
| 31 Oct 18 | 27 | 3 | 4 | 0 |
| 30 Apr 17 | 25 | 43 | 4 | 0 |
| 31 Jan 17 | 25 | 29 | 4 | 0 |
| 31 Oct 16 | 24 | 15 | 4 | 0 |
| 31 Jul 16 | 25 | -3 | 4 | 0 |
| 30 Apr 16 | 25 | -22 | 4 | 0 |
| 31 Jan 16 | 25 | -19 | 5 | 0 |
| 31 Oct 15 | 25 | -17 | 5 | 0 |
| 31 Jul 15 | 26 | -12 | 5 | 0 |
| 30 Apr 15 | 26 | -8 | 5 | 0 |
| 31 Jan 15 | 27 | 3 | 5 | 0 |
| 31 Oct 14 | 28 | 13 | 6 | 0 |
| 31 Jul 14 | 27 | 19 | 6 | 0 |
| 30 Apr 14 | 27 | 25 | 5 | 0 |
| 31 Jan 14 | 25 | 26 | 5 | 0 |
| 31 Oct 13 | 23 | 27 | 5 | 0 |
| 31 Jul 13 | 21 | 22 | 4 | 0 |
| 30 Apr 13 | 20 | 18 | 4 | 0 |
Quality Earnings: ACP has a large one-off gain of $11.0M impacting its last 12 months of financial results to 31st October, 2023.
Growing Profit Margin: ACP became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ACP's earnings have declined by 3.1% per year over the past 5 years.
Accelerating Growth: ACP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ACP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (1.5%).
Return on Equity
High ROE: ACP's Return on Equity (8%) is considered low.