Aberforth Smaller Companies Trust Plc - ASL.L

ASL.L Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
ASL.L	0.1	-1.1	-3.7	-5.2	-11.6	6.0	0.6	-4.8	38.3	1324
S&P 500	-0.2	1.8	1.1	5.1	12.5	25.4	38.4	85.2	196.8	34468.3

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	ASL.L
name	Aberforth Smaller Companies Trust Plc
price	1424
changes percentage	0.1406
change	2
day low	1422
day high	1436
year high	1733.51
year low	1270
market cap	1188770864
price avg 50	1456.6458
price avg 200	1518.752
exchange	LSE
volume	157328
avg volume	149959
open	1422
previous close	1422
eps	1.18335
pe	12.03
earnings announcement	2025-01-29T10:59:00.000+0000
shares outstanding	83481100
timestamp	2025-01-24 16:35:22

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 56.3%

Overall Quarterly Financial Health: 33.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	114946000	-153806000	174.73
gross profit	105273000	-165435000	163.63
gross profit ratio	0.92	1.08	-14.85
research and development expenses	0	-1.42	100.00
operating expenses	10526000	2886000	264.73
interest income	91000	7000	1200.00
interest expense	4144000	1877000	120.78
ebitda	0	0	NaN
ebitdaratio	0	1.01	-100.00
operating income	104420000	-154880000	167.42
operating income ratio	0.91	1.01	-9.79
net income	99044000	-156757000	163.18
net income ratio	0.86	1.02	-15.46
eps	1.17	-1.81	164.64

Overall Score of Annual Income Statement

None

Detailed Analysis

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
revenue	173645000	54367000	219.39
gross profit	162001000	49246000	228.96
gross profit ratio	0.93	0.91	3.00
research and development expenses	0	0	NaN
operating expenses	6249000	2756499	126.70
interest income	0	1049000	-100.00
interest expense	0	0	NaN
ebitda	0	47615000	-100.00
ebitdaratio	0	1.75	-100.00
operating income	167396000	95230000	75.78
operating income ratio	0.96	1.75	-44.96
net income	164091000	93132000	76.19
net income ratio	0.94	1.71	-44.84
eps	1.95	1.1	77.27

Overall Score of Quarterly Income Statement

0.29 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 174 million in 2024Q2 from 54 million in 2023Q4 representing a change of 219.39%. This indicates a sales shrinking, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 6 million in 2024Q2 from 3 million in 2023Q4 representing a change of 126.7%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 0 million in 2024Q2 from 48 million in 2023Q4 representing a change of -100.0%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 167 million in 2024Q2 from 95 million in 2023Q4 representing a change of 75.78%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 164 million in 2024Q2 from 93 million in 2023Q4 representing a change of 76.19%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• 📈 Positive Indicators

  Gross Profit: Gross Profit increased to 162 million in 2024Q2 from 49 million in 2023Q4 representing a change of 228.96%. This indicates a sales profitability growth, which is a positive sign for the company.

  Earnings per Share (EPS): EPS increased to 1.95 in 2024Q2 from 1.95 in 2023Q4 representing a change of 77.27%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	1369375000	1326074000	3.27
total liabilities	72148000	75204000	-4.06
total equity	1297227000	1250870000	3.71
cash and cash equivalents	2734000	1668000	63.91
short term investments	0	0	NaN
long term investments	1363980000	1322261000	3.16
total current assets	5395000	3813000	41.49
total non current assets	1363980000	1322261000	3.16
total current liabilities	512000	75204000	-99.32
total non current liabilities	71843000	75204000	-4.47
common stock	844000	853000	-1.06
retained earnings	1257399000	1199401000	4.84
total debt	71843000	74973000	-4.17

Overall Score of Annual Balance Sheet

0.89 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 1,369 million in 2023 from 1,326 million in 2022 representing a change of 3.27%. Suggesting a growth in asset holdings.

  Total Liabilities: Total Liabilities decreased to 72 million in 2023 from 75 million in 2022 representing a change of -4.06%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 1,297 million in 2023 from 1,251 million in 2022 representing a change of 3.71%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 3 million in 2023 from 2 million in 2022 representing a change of 63.91%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 5 million in 2023 from 4 million in 2022 representing a change of 41.49%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 1 million in 2023 from 75 million in 2022 representing a change of -99.32%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 1,257 million in 2023 from 1,199 million in 2022 representing a change of 4.84%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 72 million in 2023 from 75 million in 2022 representing a change of -4.17%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Common Stock: Common Stock decreased to 1 in 2023 from 1 in 2022 representing a change of -1.06%. This indicates a decrease in ownership interest.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	1527986000	1527986000	0.0
total liabilities	102049000	102049000	0.0
total equity	1425937000	1425937000	0.0
cash and cash equivalents	5691000	5691000	0.0
short term investments	0	0	NaN
long term investments	1519222000	1519222000	0.0
total current assets	8764000	8764000	0.0
total non current assets	1519222000	1519222000	0.0
total current liabilities	4174000	4174000	0.0
total non current liabilities	97875000	97875000	0.0
common stock	841000	841000	0.0
retained earnings	1389804000	1389804000	0.0
total debt	97875000	97875000	0.0

Overall Score of Quarterly Balance Sheet

0.5 out of 1

Detailed Analysis

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	1066000	-1750000	160.91
operating cash flow	46160000	42630000	8.28
free cash flow	46160000	42630000	8.28
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	14858000	34585000	-57.04
debt repayment	-3000000	-11500000	73.91
common stock issued	0	0	NaN
common stock repurchased	-11641000	-34026000	65.79
dividends paid	-41046000	-31707000	-29.45
net cash used provided by financing activities	-59952000	-78965000	24.08
cash at end of period	2734000	1668000	63.91
accounts receivables	-516000	-365000	-41.37
cash at beginning of period	1668000	3418000	-51.20

Overall Score of Annual Cashflow Statement

0.8 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 1 million in 2023 from -2 million in 2022 representing a change of 160.91%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 46 million in 2023 from 43 million in 2022 representing a change of 8.28%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 46 million in 2023 from 43 million in 2022 representing a change of 8.28%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Receivables: Accounts Receivables decreased to -1 million in 2023 from 0 million in 2022 representing a change of -41.37%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• 📉 Negative Indicators

  Dividends Paid: Dividends Paid decreased to -41 million in 2023 from -32 million in 2022 representing a change of -29.45%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
operating cash flow	22441000	23559000	-4.75
free cash flow	22441000	23559000	-4.75
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	-258000	100.00
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	-13616000	-23433000	41.89
debt repayment	52000000	0	NaN
common stock issued	0	0	NaN
common stock repurchased	-3695000	-4139999	10.75
dividends paid	-31686000	-10962000	-189.05
net cash used provided by financing activities	-12676000	-8102000	-56.46
net change in cash	2957000	-7976000	137.07
cash at end of period	5691000	2734000	108.16
cash at beginning of period	2734000	10710000	-74.47

Overall Score of Quarterly Cashflow Statement

0.2 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 3 million in 2024Q2 from -8 million in 2023Q4 representing a change of 137.07%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to 22 million in 2024Q2 from 24 million in 2023Q4 representing a change of -4.75%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 22 million in 2024Q2 from 24 million in 2023Q4 representing a change of -4.75%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Accounts Receivables: Accounts Receivables increased to 0 in 2024Q2 from 0 million in 2023Q4 representing a change of 100.0%. This suggests that the company is less capable of collecting payments from its customers.

  Dividends Paid: Dividends Paid decreased to -32 million in 2024Q2 from -11 million in 2023Q4 representing a change of -189.05%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	1.36	-1.78	176.32
net income per share	1.17	-1.81	164.53
operating cash flow per share	0.54	0.49	10.59
free cash flow per share	0.54	0.49	10.59
cash per share	0.03	0.02	67.40
book value per share	15.3	14.45	5.91
tangible book value per share	15.3	14.45	5.91
shareholders equity per share	15.3	14.45	5.91
interest debt per share	0.9	0.89	0.98
market cap	1168076637.52	1144456920.3	2.06
enterprise value	1237185637.52	1217761920.3	1.60
pe ratio	11.79	-7.3	261.54
price to sales ratio	10.16	-7.44	236.57
pocfratio	25.3	26.85	-5.74
pfcf ratio	25.3	26.85	-5.74
pb ratio	0.9	0.91	-1.58
ptb ratio	0.9	0.91	-1.58
ev to sales	10.76	-7.92	235.94
enterprise value over ebitda	0	0	NaN
ev to operating cash flow	26.8	28.57	-6.17
ev to free cash flow	26.8	28.57	-6.17
earnings yield	0.08	-0.14	161.91
free cash flow yield	0.04	0.04	6.09
debt to equity	0.06	0.06	-7.60
debt to assets	0.05	0.06	-7.20
net debt to ebitda	0	0	NaN
current ratio	10.54	0.05	20682.40
interest coverage	25.2	-82.51	130.54
income quality	0.88	0.87	1.11
dividend yield	0.04	0.03	26.84
payout ratio	0.41	-0.2	304.89
sales general and administrative to revenue	0.08	-0.02	549.87
research and ddevelopement to revenue	0	0.0	-100.00
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	20.06	24.26	-17.33
roic	0.08	-0.12	165.22
return on tangible assets	0.07	-0.12	161.19
graham net net	-0.8	-0.83	4.20
working capital	4883000	-71391000	106.84
tangible asset value	1297227000	1250870000	3.71
net current asset value	-66753000	-71391000	6.50
invested capital	4883000	-71391000	106.84
average receivables	2369000	2010000	17.86
average payables	170000	519000	-67.24
average inventory	-0.0	-60000.0	100.00
days sales outstanding	8.23	-5.09	261.75
days payables outstanding	7.81	4.17	87.11
days of inventory on hand	0	-0.0	100.00
receivables turnover	44.33	-71.7	161.82
payables turnover	46.73	87.44	-46.56
inventory turnover	0	-24973087342592000	100.00
roe	0.08	-0.13	160.93
capex per share	0	0	NaN

• ROE:

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 11.79 on 2023-12-31 from -7.30 on 2022-12-31, representing a change of 261.54%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.06 on 2023-12-31 from 0.06 on 2022-12-31, representing a change of -7.60%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Negative

  Current Ratio: Current Ratio increased to 10.54 on 2023-12-31 from 0.05 on 2022-12-31, representing a change of 20682.40%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
ASL.L
calendar year	2024	2024	NaN
revenue per share	2.06	0	NaN
net income per share	1.95	0	NaN
operating cash flow per share	0.27	0	NaN
free cash flow per share	0.27	0	NaN
cash per share	0.07	0	NaN
book value per share	16.94	0	NaN
tangible book value per share	16.94	0	NaN
shareholders equity per share	16.94	0	NaN
interest debt per share	1.16	0	NaN
market cap	1266256237.76	0	NaN
enterprise value	1358440237.76	92184000	1373.62
pe ratio	1.93	0	NaN
price to sales ratio	7.29	0	NaN
pocfratio	56.43	0	NaN
pfcf ratio	56.43	0	NaN
pb ratio	0.89	0	NaN
ptb ratio	0.89	0	NaN
ev to sales	7.82	0	NaN
enterprise value over ebitda	0	0	NaN
ev to operating cash flow	60.53	0	NaN
ev to free cash flow	60.53	0	NaN
earnings yield	0.13	None	NaN
free cash flow yield	0.02	0	NaN
debt to equity	0.07	0.07	0.00
debt to assets	0.06	0.06	0.00
net debt to ebitda	0	0	NaN
current ratio	2.1	2.1	0.00
interest coverage	0	0	NaN
income quality	0.14	0	NaN
dividend yield	0.03	None	NaN
payout ratio	0.19	0	NaN
sales general and administrative to revenue	0.03	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	27.25	0	NaN
roic	0.11	None	NaN
return on tangible assets	0.11	None	NaN
graham net net	-1.13	0	NaN
working capital	4590000	4590000	0.00
tangible asset value	1425937000	1425937000	0.00
net current asset value	-93285000	-93285000	0.00
invested capital	4590000	4590000	0.00
average receivables	2085999	2339499.5	-10.84
average payables	0	103500	-100.00
average inventory	1	-33998.5	100.00
days sales outstanding	1.08	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	83.24	None	NaN
payables turnover	0	0	NaN
inventory turnover	0	None	NaN
roe	0.12	None	NaN
capex per share	0	0	NaN

• Neutral

  Current Ratio: Current Ratio decreased to 2.10 on 2024-06-30 Q2 from 2.10 on 2024-03-31 Q1, representing a change of 0.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.07 on 2024-06-30 Q2 from 0.07 on 2024-03-31 Q1, representing a change of 0.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is -81.53 which is lower than current price 1424, indicates the company may be overvalued.