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Allbanc Split II

TSX:ALB
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALB
TSX
CA$27M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Allbanc Split Corp. II is an equity mutual fund launched and managed by Scotiabank Global Banking and Markets. The last earnings update was 178 days ago. More info.


Add to Portfolio Compare Print
  • Allbanc Split II is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Allbanc Split II has significant price volatility in the past 3 months.
ALB Share Price and Events
7 Day Returns
0%
TSX:ALB
-0.3%
CA Capital Markets
2.5%
CA Market
1 Year Returns
-40.7%
TSX:ALB
-21.2%
CA Capital Markets
-24.8%
CA Market
ALB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Allbanc Split II (ALB) 0% -33.7% -41.8% -40.7% -38.9% -18.6%
CA Capital Markets -0.3% -25% -26.2% -21.2% -20.9% -21.9%
CA Market 2.5% -20.8% -24.7% -24.8% -22.2% -17%
1 Year Return vs Industry and Market
  • ALB underperformed the Capital Markets industry which returned -21.2% over the past year.
  • ALB underperformed the Market in Canada which returned -24.8% over the past year.
Price Volatility
ALB
Industry
5yr Volatility vs Market

Value

 Is Allbanc Split II undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Allbanc Split II to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Allbanc Split II.

TSX:ALB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$26.09 * 14.1%
CA$3.67
Book Value of Equity per Share Median Book Value from the past 5 years. CA$26.09
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:ALB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.745 (1 + (1- 26.5%) (46.84%))
1.001
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.001 * 5.44%)
6.89%

Discounted Cash Flow Calculation for TSX:ALB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Allbanc Split II is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

TSX:ALB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.1% – 6.89%) * CA$26.09)
CA$1.87
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$1.87 / (6.89% - 1.44%)
CA$34.37
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$26.09 + CA$34.37
CA$60.45
TSX:ALB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in TSX:ALB represents 0.58731x of TSX:ALB.PRC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.58731x
Value per Share
(Listing Adjusted, CAD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 60.45 x 0.58731
CA$35.51
Value per share (CAD) From above. CA$35.51
Current discount Discount to share price of CA$15.27
= -1 x (CA$15.27 - CA$35.51) / CA$35.51
57%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Allbanc Split II is available for.
Intrinsic value
>50%
Share price is CA$15.27 vs Future cash flow value of CA$35.51
Current Discount Checks
For Allbanc Split II to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Allbanc Split II's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Allbanc Split II's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Allbanc Split II's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Allbanc Split II's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ALB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in CAD CA$-3.08
TSX:ALB.PRC Share Price ** TSX (2020-03-26) in CAD CA$26
Canada Capital Markets Industry PE Ratio Median Figure of 15 Publicly-Listed Capital Markets Companies 7.28x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Allbanc Split II.

TSX:ALB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ALB.PRC Share Price ÷ EPS (both in CAD)

= 26 ÷ -3.08

-8.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Allbanc Split II is loss making, we can't compare its value to the CA Capital Markets industry average.
  • Allbanc Split II is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Allbanc Split II's expected growth come at a high price?
Raw Data
TSX:ALB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 39 Publicly-Listed Capital Markets Companies 1.93x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.68x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Allbanc Split II, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Allbanc Split II's assets?
Raw Data
TSX:ALB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in CAD CA$25.25
TSX:ALB.PRC Share Price * TSX (2020-03-26) in CAD CA$26
Canada Capital Markets Industry PB Ratio Median Figure of 160 Publicly-Listed Capital Markets Companies 0.82x
Canada Market PB Ratio Median Figure of 2,360 Publicly-Listed Companies 0.99x
TSX:ALB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ALB.PRC Share Price ÷ Book Value per Share (both in CAD)

= 26 ÷ 25.25

1.03x

* Primary Listing of Allbanc Split II.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Allbanc Split II is overvalued based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Allbanc Split II's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Allbanc Split II has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Allbanc Split II expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Allbanc Split II 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Allbanc Split II expected to grow at an attractive rate?
  • Unable to compare Allbanc Split II's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Allbanc Split II's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Allbanc Split II's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:ALB Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
North America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 5.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:ALB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ALB Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-08-31 -2 2 -3
2019-05-31 0 2 -1
2019-02-28 2 2 0
2018-11-30 4 1 3
2018-08-31 7 1 6
2018-05-31 5 1 4
2018-02-28 3 1 2
2017-11-30 5 1 4
2017-08-31 7 1 6
2017-05-31 12 0 10
2017-02-28 16 -1 15
2016-11-30 12 -1 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Allbanc Split II is high growth as no earnings estimate data is available.
  • Unable to determine if Allbanc Split II is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:ALB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Allbanc Split II Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ALB Past Financials Data
Date (Data in CAD Millions) EPS *
2019-08-31 -3.08
2019-05-31 -1.30
2019-02-28 0.39
2018-11-30 2.84
2018-08-31 5.21
2018-05-31 3.52
2018-02-28 1.89
2017-11-30 3.25
2017-08-31 4.50
2017-05-31 7.85
2017-02-28 10.95
2016-11-30 6.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Allbanc Split II will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Allbanc Split II's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Allbanc Split II has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Allbanc Split II performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Allbanc Split II's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Allbanc Split II does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Allbanc Split II's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Allbanc Split II's 1-year growth to the CA Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Allbanc Split II's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Allbanc Split II Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ALB Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 -2.09 -3.18 0.37
2019-05-31 -0.27 -1.38 0.37
2019-02-28 1.54 0.42 0.38
2018-11-30 4.27 3.14 0.38
2018-08-31 7.00 5.86 0.38
2018-05-31 5.19 4.04 0.39
2018-02-28 3.38 2.21 0.39
2017-11-30 5.16 3.97 0.39
2017-08-31 6.94 5.73 0.39
2017-05-31 11.62 10.39 0.39
2017-02-28 16.31 15.05 0.39
2016-11-30 11.66 9.91 0.36
2016-08-31 7.01 4.78 0.33
2016-05-31 1.98 -0.21 0.30
2016-02-28 -3.06 -5.19 0.27
2015-11-28 -3.65 -5.29 0.27
2015-08-31 -4.25 -5.39 0.28
2015-05-31 0.77 -0.40 0.28
2015-02-28 5.78 4.59 0.29
2014-11-30 10.88 9.62 0.29
2014-08-31 15.99 14.65 0.29
2014-05-31 12.84 11.44 0.29
2014-02-28 9.69 8.23 0.29
2013-11-30 3.31 9.09 0.30
2013-08-31 3.45 9.96 0.30
2013-05-31 3.27 9.27 0.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Allbanc Split II has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Allbanc Split II has efficiently used its assets last year compared to the CA Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Allbanc Split II improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Allbanc Split II's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Allbanc Split II has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Allbanc Split II's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Allbanc Split II's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Allbanc Split II is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Allbanc Split II has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Allbanc Split II's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Allbanc Split II Company Filings, last reported 7 months ago.

TSX:ALB Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 24.76 12.59 37.35
2019-05-31 24.76 12.59 37.35
2019-02-28 26.77 12.59 39.37
2018-11-30 26.77 12.59 39.37
2018-08-31 31.46 13.95 45.42
2018-05-31 31.46 13.95 45.42
2018-02-28 29.87 13.95 43.83
2017-11-30 29.87 13.95 43.83
2017-08-31 28.54 15.04 43.60
2017-05-31 28.54 15.04 43.60
2017-02-28 30.57 15.04 45.63
2016-11-30 30.57 15.04 45.63
2016-08-31 28.70 17.65 46.43
2016-05-31 28.70 17.65 46.43
2016-02-28 21.46 17.65 40.56
2015-11-28 21.46 17.65 40.56
2015-08-31 28.69 17.64 46.34
2015-05-31 28.69 17.64 46.34
2015-02-28 31.55 17.64 49.20
2014-11-30 31.55 17.64 49.20
2014-08-31 39.31 20.05 59.38
2014-05-31 39.31 20.05 59.38
2014-02-28 32.20 20.05 52.27
2013-11-30 32.18 20.05 52.25
2013-08-31 35.31 26.08 61.41
2013-05-31 35.31 26.08 61.41
  • Allbanc Split II's level of debt (50.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (51.1% vs 50.8% today).
  • Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Allbanc Split II's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Allbanc Split II's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Allbanc Split II has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Allbanc Split II's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.54%
Current annual income from Allbanc Split II dividends.
If you bought CA$2,000 of Allbanc Split II shares you are expected to receive CA$51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Allbanc Split II's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.75%).
  • Allbanc Split II's dividend is below the markets top 25% of dividend payers in Canada (8.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:ALB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:ALB Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-10-11 0.660 2.506
2019-07-25 0.620 2.372
2019-04-26 0.620 2.348
2019-03-08 0.620 2.319
2018-10-04 0.620 2.403
2018-08-13 0.560 2.143
2018-04-26 0.560 2.143
2018-02-16 0.520 2.012
2017-02-10 0.457 1.722

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Allbanc Split II has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Allbanc Split II only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Allbanc Split II's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Allbanc Split II's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Allbanc Split II afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Allbanc Split II has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Allbanc Split II's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Allbanc Split II has no CEO, or we have no data on them.
Management Team
Board of Directors

David Mann

TITLE
Director
AGE
79
TENURE
14.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Allbanc Split II's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Allbanc Split II has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Allbanc Split Corp. II is an equity mutual fund launched and managed by Scotiabank Global Banking and Markets. The fund invests in the public equity markets of Canada. It seeks to invest in stocks of companies operating in the banking sector. The fund primarily invests in stocks of the Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, The Bank of Nova Scotia, Royal Bank of Canada, and The Toronto-Dominion Bank. It benchmarks the performance of its portfolio against the S&P/TSX 60 Index. Allbanc Split Corp. II was formed on December 7, 2005 and is domiciled in Canada.

Details
Name: Allbanc Split Corp. II
ALB
Exchange: TSX
Founded: 2005
CA$26,869,313
1,033,435
Website: http://www.scotiamanagedcompanies.com/smc/profile.do?company=ALB
Address: Allbanc Split Corp. II
40 King Street West,
Scotia Plaza, 26th Floor,
Toronto,
Ontario, M5W 2X6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ALB.PRC PFD CL B SER 2 The Toronto Stock Exchange CA CAD 29. Feb 2016
TSX ALB Class A Capital Shares The Toronto Stock Exchange CA CAD 09. Feb 2006
Number of employees
Current staff
Staff numbers
0
Allbanc Split II employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 05:03
End of day share price update: 2020/03/26 00:00
Last earnings filing: 2019/10/10
Last earnings reported: 2019/08/31
Last annual earnings reported: 2019/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.