Financials abrdn plc

Equities

SL.

GB00BF8Q6K64

Investment Management & Fund Operators

Real-time Estimate Cboe Europe 13:11:30 22/07/2024 BST 5-day change 1st Jan Change
168.8 GBX +0.94% Intraday chart for abrdn plc +2.96% -5.54%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,507 5,981 5,095 3,682 3,184 2,980 - -
Enterprise Value (EV) 1 6,547 5,100 3,835 3,170 2,587 2,263 2,302 2,301
P/E ratio 29.6 x 7.56 x 5.23 x -7.06 x 1,787 x 23.3 x 22.1 x 14.4 x
Yield 6.58% 5.19% 6.06% 7.71% 8.17% 8.73% 8.73% 8.73%
Capitalization / Revenue 4.59 x 4.2 x 3.36 x 2.53 x 2.28 x 2.25 x 2.28 x 2.24 x
EV / Revenue 4.01 x 3.58 x 2.53 x 2.18 x 1.85 x 1.71 x 1.76 x 1.73 x
EV / EBITDA 18.8 x 19.2 x 10.6 x 10.4 x 9.17 x 9.09 x 8.6 x 7.63 x
EV / FCF 37.8 x 119 x 1,918 x -15.2 x -10.7 x 8.26 x 7.04 x 6.2 x
FCF Yield 2.64% 0.84% 0.05% -6.56% -9.35% 12.1% 14.2% 16.1%
Price to Book 1.17 x 0.91 x 0.68 x - 0.6 x 0.65 x 0.67 x 0.68 x
Nbr of stocks (in thousands) 2,287,883 2,126,125 2,115,067 1,945,388 1,782,276 1,782,397 - -
Reference price 2 3.281 2.813 2.409 1.892 1.786 1.672 1.672 1.672
Announcement Date 10/03/20 09/03/21 01/03/22 28/02/23 27/02/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,634 1,425 1,515 1,456 1,398 1,323 1,304 1,330
EBITDA 1 348 265 362 304 282 248.9 267.8 301.4
EBIT 1 301 219 323 263 249 231 264.9 297.4
Operating Margin 18.42% 15.37% 21.32% 18.06% 17.81% 17.47% 20.31% 22.36%
Earnings before Tax (EBT) 1 243 - 1,115 -615 -6 183.1 266.4 316.3
Net income 1 266 833 995 -549 1 133.3 141 199.7
Net margin 16.28% 58.46% 65.68% -37.71% 0.07% 10.08% 10.81% 15.02%
EPS 2 0.1110 0.3720 0.4609 -0.2680 0.001000 0.0717 0.0757 0.1159
Free Cash Flow 1 173 43 2 -208 -242 274 327 371
FCF margin 10.59% 3.02% 0.13% -14.29% -17.31% 20.72% 25.07% 27.9%
FCF Conversion (EBITDA) 49.71% 16.23% 0.55% - - 110.1% 122.1% 123.08%
FCF Conversion (Net income) 65.04% 5.16% 0.2% - - 205.5% 231.9% 185.77%
Dividend per Share 2 0.2160 0.1460 0.1460 0.1460 0.1460 0.1460 0.1460 0.1460
Announcement Date 10/03/20 09/03/21 01/03/22 28/02/23 27/02/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 Q3 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 819 706 719 755 760 696 - 760 721 677 666.4 652.3
EBITDA - - - - - - - - - - - -
EBIT - 105 114 160 163 115 - 148 127 122 115.1 119.8
Operating Margin - 14.87% 15.86% 21.19% 21.45% 16.52% - 19.47% 17.61% 18.02% 17.27% 18.36%
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income - -509 - 102 893 -289 - -260 - 152 6 2
Net margin - -72.1% - 13.51% 117.5% -41.52% - -34.21% - 22.45% 0.9% 0.31%
EPS - -0.2270 - 0.0470 - - - - - 0.0780 0.003000 0.001000
Dividend per Share 1 0.1430 0.0730 0.0730 0.0730 0.0730 0.0730 0.0286 0.0730 0.0730 0.0730 0.0730 0.0730
Announcement Date 10/03/20 07/08/20 09/03/21 10/08/21 01/03/22 09/08/22 28/11/22 28/02/23 08/08/23 27/02/24 - -
1GBP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 960 881 1,260 512 597 717 678 679
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 173 43 2 -208 -242 274 327 371
ROE (net income / shareholders' equity) 6.63% 6.06% 4.11% 3.47% 4.94% 4.86% 5.17% 5.52%
ROA (Net income/ Total Assets) 3.88% 3.7% 2.71% - 3.25% 2.69% 2.93% 3.31%
Assets 1 6,862 22,507 36,678 - 30.79 4,964 4,808 6,043
Book Value Per Share 2 2.810 3.100 3.540 - 2.990 2.560 2.510 2.470
Cash Flow per Share 2 0.0800 0.0300 0.0100 0.0500 0.1100 0.1500 0.1800 0.2000
Capex 1 28 13 12 21 18 18.2 18.4 18.7
Capex / Sales 1.71% 0.91% 0.79% 1.44% 1.29% 1.37% 1.41% 1.41%
Announcement Date 10/03/20 09/03/21 01/03/22 28/02/23 27/02/24 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
14
Last Close Price
1.672 GBP
Average target price
1.611 GBP
Spread / Average Target
-3.67%
Consensus