Aberdeen Australia Equity Fund, Inc. is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited.
Share Price & News
How has Aberdeen Australia Equity Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IAF's share price has been volatile over the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: IAF underperformed the US Capital Markets industry which returned -11.3% over the past year.
Return vs Market: IAF underperformed the US Market which returned -11.9% over the past year.
Price Volatility Vs. Market
How volatile is Aberdeen Australia Equity Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Aberdeen Australia Equity Fund undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IAF ($3.62) is trading below our estimate of fair value ($7.05)
Significantly Below Fair Value: IAF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IAF is good value based on its PE Ratio (4.3x) compared to the Capital Markets industry average (33.2x).
PE vs Market: IAF is good value based on its PE Ratio (4.3x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IAF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IAF is good value based on its PB Ratio (0.6x) compared to the US Capital Markets industry average (7.1x).
How is Aberdeen Australia Equity Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Aberdeen Australia Equity 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.
How has Aberdeen Australia Equity Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IAF has a large one-off gain of $12.1M impacting its October 31 2019 financial results.
Growing Profit Margin: IAF became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: IAF has become profitable over the past 5 years, growing earnings by 45.8% per year.
Accelerating Growth: IAF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: IAF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (9.1%).
Return on Equity
High ROE: IAF's Return on Equity (14.6%) is considered low.
How is Aberdeen Australia Equity 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: IAF has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if IAF's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: IAF's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if IAF has a sufficient allowance for bad loans.
Low Risk Liabilities: IAF reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if IAF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: IAF has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if IAF has an appropriate level of bad loans.
What is Aberdeen Australia Equity Fund's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IAF's dividend (15.47%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: IAF's dividend (15.47%) is in the top 25% of dividend payers in the US market (5.49%)
Stability and Growth of Payments
Stable Dividend: IAF's dividend payments have been volatile in the past 10 years.
Growing Dividend: IAF's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69%), IAF's dividend 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?
Average board tenure
Aberdeen Australia Equity Fund has no CEO, or we have no data on them.
|CEO, VP||29.17yrs||no data||no data|
|Portfolio Mngr||19.17yrs||no data||no data|
|Chairman||no data||US$61.30k||no data|
|Independent Director||35.17yrs||US$41.89k||no data|
|Independent Director||21.17yrs||US$40.23k||no data|
|Independent Director||35.17yrs||US$48.50k||no data|
|Independent Director||12.17yrs||US$38.89k||no data|
Experienced Board: IAF's board of directors are seasoned and experienced ( 21.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Aberdeen Australia Equity Fund, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Aberdeen Australia Equity Fund, Inc.
- Ticker: IAF
- Exchange: AMEX
- Founded: 1985
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$82.327m
- Shares outstanding: 22.74m
- Website: https://www.aberdeeniaf.com
- Aberdeen Australia Equity Fund, Inc.
- Level 10
- 255 George Street
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IAF||AMEX (NYSE MKT LLC)||Yes||Common Stock||US||USD||Dec 1985|
Aberdeen Australia Equity Fund, Inc. is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors. It employs fundamental analysis with a bottom-up and top-down stock picking approach with focus on factors like growth prospects, competitive positions in domestic and export markets, technology, research and development, productivity, labor and raw material costs, profit margins, return on investment, capital resources, quality of management, and government regulation to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P ASX 200 Accumulation Index. It also uses proprietary research to create its portfolio. The Aberdeen Australia Equity Fund Inc. was previously known as The First Australia Fund, Inc. Aberdeen Australia Equity Fund, Inc. was formed in September 30, 1985 and is domiciled in the United States.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 01:09|
|End of Day Share Price||2020/03/27 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.