OTCPK:ABCP

Stock Analysis Report

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Executive Summary

AmBase Corporation does not have significant operations.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ABCP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

26.8%

ABCP

7.4%

US Real Estate

3.0%

US Market


1 Year Return

-38.2%

ABCP

-18.0%

US Real Estate

9.9%

US Market

Return vs Industry: ABCP underperformed the US Real Estate industry which returned -17.3% over the past year.

Return vs Market: ABCP underperformed the US Market which returned 9.1% over the past year.


Shareholder returns

ABCPIndustryMarket
7 Day26.8%7.4%3.0%
30 Day9.5%7.5%8.2%
90 Day-27.0%-28.0%0.4%
1 Year-38.2%-38.2%-17.4%-18.0%12.4%9.9%
3 Year-77.7%-77.7%-19.9%-21.8%31.0%22.3%
5 Year-89.6%-89.6%-26.5%-28.7%58.1%40.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.83x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ABCP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ABCP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ABCP is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: ABCP is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ABCP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ABCP is good value based on its PB Ratio (0.9x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

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

19.5%

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 AmBase 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.


Next Steps

  • Examine AmBase's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access AmBase's filings and announcements here.
  • Explore growth companies in the Real Estate industry.

Past Performance

How has AmBase performed over the past 5 years?

-23.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABCP is currently unprofitable.

Growing Profit Margin: ABCP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ABCP is unprofitable, and losses have increased over the past 5 years at a rate of -23% per year.

Accelerating Growth: Unable to compare ABCP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ABCP is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-6.4%).


Return on Equity

High ROE: ABCP has a negative Return on Equity (-46.52%), as it is currently unprofitable.


Next Steps

Financial Health

How is AmBase's financial position?


Financial Position Analysis

Short Term Liabilities: ABCP's short term assets ($12.5M) exceed its short term liabilities ($709.0K).

Long Term Liabilities: ABCP has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ABCP is debt free.

Reducing Debt: ABCP had no debt 5 years ago.

Debt Coverage: ABCP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ABCP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ABCP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ABCP'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 ABCP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ABCP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ABCP is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

24.5yrs

Average management tenure


CEO

Richard Bianco (71yo)

29.08yrs

Tenure

US$991,373

Compensation

Mr. Richard A. Bianco has been the President and Chief Executive Officer at Ambase Corp. since May 1991 and its Chairman since January 26, 1993. Mr. Bianco served as the Chairman, Chief Executive Officer a ...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD991.37K) is above average for companies of similar size in the US market ($USD589.04K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Richard Bianco
Chairman29.08yrsUS$991.37k2.15% $211.5k
John Ferrara
VP, CFO24.5yrsUS$911.89k0.088% $8.7k
Joseph Bianco
Treasurer22.42yrsUS$315.67k0.12% $12.1k

24.5yrs

Average Tenure

71yo

Average Age

Experienced Management: ABCP's management team is seasoned and experienced (24.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Bianco
Chairman29.08yrsUS$991.37k2.15% $211.5k
Kenneth Schmidt
Independent Director7.25yrsUS$18.00k0.049% $4.8k
Jerry Carnegie
Independent Director4yrsUS$18.00k0.18% $17.3k
Alessandra F. Halloran
Director7.58yrsUS$12.00kno data
Richard Bianco
Director4yrsUS$12.00kno data

7.3yrs

Average Tenure

67yo

Average Age

Experienced Board: ABCP's board of directors are considered experienced (7.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ABCP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AmBase Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AmBase Corporation
  • Ticker: ABCP
  • Exchange: OTCPK
  • Founded: 1975
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: US$9.818m
  • Shares outstanding: 40.74m
  • Website: https://null

Number of Employees


Location

  • AmBase Corporation
  • One South Ocean Boulevard
  • Suite 301
  • Boca Raton
  • Florida
  • 33432
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABCPOTCPK (Pink Sheets LLC)YesCommon StockUSUSDAug 1985

Biography

AmBase Corporation does not have significant operations. Previously, it invested in a real estate development property in New York, New York; and owned, operated, and managed a commercial office building. AmBase Corporation was incorporated in 1975 and is headquartered in Boca Raton, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 09:52
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.