Aberforth Smaller Companies Trust (ASL)

Sector:

Investment Firms

Index:

FTSE 250

1,510.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 1,530.00
  • 52 Week Low: 1,126.00
  • Currency: UK Pounds
  • Shares Issued: 84.17m
  • Volume: 128,907
  • Market Cap: £1,270.96m
  • RiskGrade: 142

Key Financials

Growth Metrics 31-Dec-16 31-Dec-15 31-Dec-08 31-Dec-07 31-Dec-06
Annualisation Factor 1.0 0.1 1.0 1.0 1.0
Dividend Yield 2.5% 2.2% 5.4% 2.6% 1.9%
Price/Earnings (Company Adjusted) 30.0 34.1 n/a 31.9 44.1
Price/Earnings Growth (Company Adjusted) 6.0 n/a n/a 2.7 n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 90.28%
90.28%		 89.22%
89.22%		 91.46%
91.46%		 92.24%
92.24%		 84.83%
84.83%

Gearing 31-Dec-16 31-Dec-15 31-Dec-08 31-Dec-07 31-Dec-06
Net Gearing n/a 0.50% n/a n/a n/a

Value Metrics 31-Dec-16 31-Dec-15 31-Dec-08 31-Dec-07 31-Dec-06
Price/Book Value 0.9 1.0 0.8 0.8 0.9
Price/Tangible Book Value 0.9 1.0 0.8 0.8 0.9
Price/ Cash Flow 29.9 39.0 11.4 47.2 22.2
Price/Sales 26.89 211.24 13.78 29.37 37.39
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 1,288.11p 1,252.09p 434.23p 743.88p 843.37p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-16 31-Dec-15 31-Dec-08 31-Dec-07 31-Dec-06
Turnover 39.07 5.38 24.89 19.75 19.11
  (0.25)
(0.25)		 (0.03)
(0.03)		 (0.53)
(0.53)		 (0.06)
(0.06)		 n/a
n/a
Profit Before Tax 35.02
35.02		 4.76
4.76		 22.24
22.24		 18.16
18.16		 16.21
16.21
           
Turnover per Share 41.24p 5.65p 25.48p 19.99p 19.34p
Pre-Tax Profit per Share 36.97p
36.97p		 5.00p
5.00p		 22.77p
22.77p		 18.38p
18.38p		 16.40p
16.40p
Market Capitalisation £ (Millions) 1,046.93 1,133.63 340.36 580.01 714.39
Enterprise Value (EV) £ (Millions) 1,083.07 1,141.09 381.54 575.28 714.39
Operating Margin 90.28%
90.28%		 89.22%
89.22%		 91.46%
91.46%		 92.24%
92.24%		 84.83%
84.83%
Capital Employed £ (Millions) 1,220.23 1,198.94 424.11 735.02 833.33
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 1,220.23 1,192.00 424.11 735.02 833.33
Return on Equity (ROE) 2.87%
2.87%		 0.40%
0.40%		 5.24%
5.24%		 2.47%
2.47%		 1.95%
1.95%
EPS Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share - Adjusted 36.93p 35.03p n/a 18.38p 16.40p
EPS Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Basic 5%
5%		 n/a
n/a		 -100%
-100%		 12%
12%		 n/a
n/a
EPS Company Adjusted Growth 5% n/a -100% 12% n/a
Earnings per Share Growth - Diluted 5%
5%		 n/a
n/a		 -100%
-100%		 12%
12%		 n/a
n/a
Tax Rate 0.10% n/a 0.07% n/a n/a
Price/Earnings n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
PEG - Diluted 6.0
6.0		 n/a
n/a		 n/a
n/a		 2.7
2.7		 n/a
n/a
Operating Cash Flow per Share 37.04p 30.61p 32.27p 12.44p 32.63p
Gross Cash Flow per Share n/a n/a 30.84p n/a n/a
Cash Incr/Decr per Share (0.82p) 0.12p (18.45p) (12.69p) 20.53p
Dividend per Share 27.35p 26.00p 19.00p 15.20p 13.40p
Dividend per Share Growth 5.19% 36.84% 25.00% 13.43% 13.08%
Dividend Yield 2.5% 2.2% 5.4% 2.6% 1.9%
Dividend Cover 1.35
1.35		 1.35
1.35		 n/a
n/a		 1.21
1.21		 1.22
1.22
Shareholders Funds 1,220.23 1,192.00 424.11 735.02 833.33
Net Borrowings £ (Millions) 35.90 6.43 41.17 (18.02) (30.55)
Net Current Assets n/a n/a (40.31) n/a n/a
Net Asset Value per Share (inc. Intangibles) 1,288.11p 1,252.09p 434.23p 743.88p 843.37p

Gearing - inc Intangibles 31-Dec-16 31-Dec-15 31-Dec-08 31-Dec-07 31-Dec-06
Shareholders' Funds inc Intangibles 1,220.23 1,192.00 424.11 735.02 833.33
Net Borrowings £ (Millions) 35.90 6.43 41.17 (18.02) (30.55)
Net Gearing n/a 0.50% n/a n/a n/a
Cash & Near Cash 0.24 1.02 n/a 18.02 30.55
Cash 0.02% 0.09% n/a 2.45% 3.67%
Gross Borrowings 36.14 7.45 41.17 n/a n/a
Gross Gearing n/a 0.58% n/a n/a n/a
Borrowings Under 5 years 36.14 7.45 41.17 n/a n/a
Under 5 years 2.96% 0.63% 9.71% n/a n/a
Borrowings Under 1 year n/a n/a 41.17 n/a n/a
Under 1 year n/a n/a 9.71% n/a n/a

Gearing - exc Intangibles 31-Dec-16 31-Dec-15 31-Dec-08 31-Dec-07 31-Dec-06
Shareholders' Funds exc Intangibles 1,220.23 1,192.00 424.11 735.02 833.33
Net Borrowings £ (Millions) 35.90 6.43 41.17 (18.02) (30.55)
Net Gearing n/a 0.50% n/a n/a n/a
Cash & Near Cash 0.24 1.02 n/a 18.02 30.55
Cash 0.02% 0.09% n/a 2.45% 3.67%
Gross Borrowings 36.14 7.45 41.17 n/a n/a
Gross Gearing n/a 0.58% n/a n/a n/a
Borrowings Under 5 years 36.14 7.45 41.17 n/a n/a
Under 5 years 2.96% 0.63% 9.71% n/a n/a
Borrowings Under 1 year n/a n/a 41.17 n/a n/a
Under 1 year n/a n/a 9.71% n/a n/a

Cover 31-Dec-16 31-Dec-15 31-Dec-08 31-Dec-07 31-Dec-06
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 0.09 7.35 0.05 76.88 514.89
Interest Cover 138.87
138.87		 138.81
138.81		 43.28
43.28		 303.63
303.63		 n/a
n/a

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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