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Automotive Finco

DB:2AYA
Snowflake Description

Solid track record and fair value.

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

Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally. The last earnings update was 84 days ago. More info.


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2AYA Share Price and Events
7 Day Returns
-1.8%
DB:2AYA
-4.6%
DE Diversified Financial
-0.4%
DE Market
1 Year Returns
9.8%
DB:2AYA
29.9%
DE Diversified Financial
10.4%
DE Market
2AYA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Automotive Finco (2AYA) -1.8% -3.4% -2.8% 9.8% 8.2% 65.9%
DE Diversified Financial -4.6% -0.7% 13.2% 29.9% 116.7% 299%
DE Market -0.4% 3% 11.1% 10.4% 13.8% 15.7%
1 Year Return vs Industry and Market
  • 2AYA underperformed the Diversified Financial industry which returned 29.9% over the past year.
  • 2AYA matched the Germany Market (10.4%) over the past year.
Price Volatility
2AYA
Industry
5yr Volatility vs Market

Value

 Is Automotive Finco 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 Automotive Finco 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 Automotive Finco.

DB:2AYA 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$2.23 * 0.6%
CA$0.01
Book Value of Equity per Share Median Book Value from the past 5 years. CA$2.23
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:2AYA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.723 (1 + (1- 26.5%) (90.98%))
1.138
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.138 * 5.96%)
7.01%

Discounted Cash Flow Calculation for DB:2AYA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Automotive Finco 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.

DB:2AYA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (0.6% – 7.01%) * CA$2.23)
CA$-0.14
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$-0.14 / (7.01% - 0.23%)
CA$-2.12
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$2.23 + CA$-2.12
CA$0.11
DB:2AYA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2AYA represents 0.65882x of TSXV:AFCC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65882x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.11 x 0.65882
€0.07
Value per share (EUR) From above. €0.07
Current discount Discount to share price of €1.12
= -1 x (€1.12 - €0.07) / €0.07
-1473.5%

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

  • The current share price of Automotive Finco is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Automotive Finco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Automotive Finco's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2AYA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$0.18
TSXV:AFCC Share Price ** TSXV (2019-11-21) in CAD CA$1.7
Germany Diversified Financial Industry PE Ratio Median Figure of 5 Publicly-Listed Diversified Financial Companies 31.47x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.78x

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

** Primary Listing of Automotive Finco.

DB:2AYA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:AFCC Share Price ÷ EPS (both in CAD)

= 1.7 ÷ 0.18

9.52x

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

  • Automotive Finco is good value based on earnings compared to the DE Diversified Financial industry average.
  • Automotive Finco is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Automotive Finco's expected growth come at a high price?
Raw Data
DB:2AYA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Diversified Financial Industry PEG Ratio Median Figure of 15 Publicly-Listed Diversified Financial Companies 1.29x
Germany Market PEG Ratio Median Figure of 259 Publicly-Listed Companies 1.33x

*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 Automotive Finco, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Automotive Finco's assets?
Raw Data
DB:2AYA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$2.22
TSXV:AFCC Share Price * TSXV (2019-11-21) in CAD CA$1.7
Germany Diversified Financial Industry PB Ratio Median Figure of 8 Publicly-Listed Diversified Financial Companies 4.83x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:2AYA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:AFCC Share Price ÷ Book Value per Share (both in CAD)

= 1.7 ÷ 2.22

0.76x

* Primary Listing of Automotive Finco.

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

  • Automotive Finco is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Automotive Finco'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Automotive Finco has a total score of 3/6, 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 Automotive Finco 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 Automotive Finco 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
21.9%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Automotive Finco expected to grow at an attractive rate?
  • Unable to compare Automotive Finco's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Automotive Finco's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Automotive Finco's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2AYA Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 21.9%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average -0.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:2AYA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
DB:2AYA Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:2AYA Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 8 5 4
2019-03-31 8 5 4
2018-12-31 8 5 3
2018-09-30 9 4 3
2017-12-31 6 0 0
2017-05-31 1 -2 0
2017-02-28 -1 0
2016-11-30 -1 -1
2016-08-31 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Automotive Finco is high growth as no earnings estimate data is available.
  • Unable to determine if Automotive Finco 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
DB:2AYA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Automotive Finco Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2AYA Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:2AYA Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 0.18
2019-03-31 0.16
2018-12-31 0.15
2018-09-30 0.10
2017-12-31 0.01
2017-05-31 -0.04
2017-02-28 -0.02
2016-11-30 -0.08
2016-08-31 -0.02

*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 Automotive Finco will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Automotive Finco is trading at Automotive Finco'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Automotive Finco's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Automotive Finco's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Automotive Finco'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Automotive Finco 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 Automotive Finco 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 Automotive Finco's growth in the last year to its industry (Diversified Financial).
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.
  • Automotive Finco has delivered over 20% year on year earnings growth in the past 5 years.
  • Automotive Finco's 1-year earnings growth exceeds its 5-year average (132.8% vs 62.8%)
  • Automotive Finco's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (132.8% vs 8.8%).
Earnings and Revenue History
Automotive Finco'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 Automotive Finco Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2AYA Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 8.02 4.11 0.37
2019-03-31 8.02 3.77 0.41
2018-12-31 8.02 3.49 0.36
2018-09-30 9.05 2.52 -0.92
2017-12-31 6.22 0.29 1.81
2017-05-31 0.86 -0.41 2.21
2017-02-28 -0.12 1.13
2016-11-30 -0.52 1.39
2016-08-31 -0.13 1.06
2016-05-31 0.09 0.88
2016-02-29 0.63 0.77
2015-11-30 -4.61 0.73
2015-08-31 -4.59 0.70
2015-05-31 -3.86 0.67
2015-02-28 -4.36 0.77
2014-11-30 0.33 0.61
2014-08-31 0.25 0.64
2014-05-31 -0.47 0.63
2014-02-28 -0.45 0.46
2013-11-30 -0.47 0.53
2013-08-31 -0.73 0.59
2013-05-31 -1.23 0.73
2013-02-28 -1.52 0.86
2012-11-30 -1.80 1.22

*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.
  • Automotive Finco has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Automotive Finco used its assets more efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Automotive Finco has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Automotive Finco'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 Diversified Financial 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.
Automotive Finco has a total score of 5/6, 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 Automotive Finco'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 Automotive Finco's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Automotive Finco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Automotive Finco's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Automotive Finco'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 not covered by short term assets, assets are 0.1x 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 Automotive Finco Company Filings, last reported 4 months ago.

DB:2AYA Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 51.41 27.39 2.47
2019-03-31 51.51 27.16 2.84
2018-12-31 51.61 26.95 2.17
2018-09-30 51.53 26.72 2.50
2017-12-31 51.64 26.12 1.69
2017-05-31 41.40 0.00 5.92
2017-02-28 31.28 0.00 30.51
2016-11-30 13.48 0.00 13.56
2016-08-31 13.92 0.00 13.86
2016-05-31 14.19 0.00 14.02
2016-02-29 14.48 0.00 14.21
2015-11-30 13.95 0.00 14.19
2015-08-31 13.99 0.00 14.21
2015-05-31 14.07 0.00 14.26
2015-02-28 13.81 0.00 13.93
2014-11-30 18.52 0.00 13.92
2014-08-31 18.53 0.00 13.94
2014-05-31 17.86 0.00 12.73
2014-02-28 13.11 0.00 7.92
2013-11-30 13.14 0.00 7.93
2013-08-31 13.24 0.00 8.04
2013-05-31 13.31 0.00 7.73
2013-02-28 13.53 0.00 7.71
2012-11-30 13.52 0.00 7.84
  • Automotive Finco's level of debt (53.3%) compared to net worth is high (greater than 40%).
  • Unable to establish if Automotive Finco's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (18.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Automotive Finco'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. Automotive Finco has a total score of 1/6, 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 Automotive Finco'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
12.07%
Current annual income from Automotive Finco dividends.
If you bought €2,000 of Automotive Finco shares you are expected to receive €241 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?
  • Automotive Finco's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Automotive Finco's dividend is above the markets top 25% of dividend payers in Germany (3.75%).
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
DB:2AYA 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
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:2AYA Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
DB:2AYA Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-10-18 0.205 11.984
2019-09-19 0.205 11.915
2019-08-21 0.205 11.666
2019-07-12 0.205 11.856
2019-06-14 0.205 14.432
2019-05-15 0.205 15.452
2019-04-17 0.205 15.392
2019-03-19 0.205 14.330
2019-02-19 0.205 12.710
2019-01-18 0.205 12.679
2018-12-18 0.205 13.949
2018-11-19 0.205 12.865
2018-10-17 0.205 11.651
2018-09-14 0.205 10.846
2018-08-17 0.205 10.660
2018-07-16 0.205 9.560
2018-06-18 0.205 9.425
2018-05-18 0.205 9.479
2018-04-17 0.205 9.575
2018-03-19 0.205 9.272
2018-02-12 0.205 9.316
2018-01-17 0.205 9.717
2017-12-18 0.205 9.638
2017-11-20 0.205 9.346
2017-09-13 0.205 8.739
2017-08-18 0.205 8.825
2017-07-11 0.205 8.447
2017-06-19 0.205 8.118
2017-05-30 0.168 6.404
2017-05-17 0.168 5.880

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

  • Whilst dividend payments have been stable, Automotive Finco has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Automotive Finco only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Automotive Finco's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
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 Automotive Finco's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Automotive Finco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Automotive Finco has a total score of 2/6, 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 Automotive Finco'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.
CEO
Kuldeep Billan
COMPENSATION CA$408,054
AGE 39
TENURE AS CEO 5.6 years
CEO Bio

Mr. Kuldeep Billan has been Chief Executive Officer at Automotive Finco Corp since April 11,2014 and served as its Director since August 29,2011 until August 24, 2017. Mr. Billan was an Associate at ONCAP. Previously he worked in the Investment Banking Division of RBC Capital Markets in Calgary. Mr. Billan is a graduate of the University of Alberta School of Business.

CEO Compensation
  • Kuldeep's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kuldeep's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Automotive Finco management team in years:

7.1
Average Tenure
  • The average tenure for the Automotive Finco management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kuldeep Billan

TITLE
Chief Executive Officer
COMPENSATION
CA$408K
AGE
39
TENURE
5.6 yrs

Shannon Penney

TITLE
Chief Financial Officer
COMPENSATION
CA$100K
AGE
47
TENURE
7.1 yrs

Abdelhay Belkabir

TITLE
Consulting Geologist
TENURE
12.8 yrs

Simon Britt

TITLE
Independent Consultant
COMPENSATION
CA$123K

M. Lacroix

TITLE
Independent Consultant
Board of Directors Tenure

Average tenure and age of the Automotive Finco board of directors in years:

3.8
Average Tenure
39
Average Age
  • The tenure for the Automotive Finco board of directors is about average.
Board of Directors

Farhad Abasov

TITLE
Independent Chairman of the Board
COMPENSATION
CA$12K
AGE
47
TENURE
3.8 yrs

Curtis Johansson

TITLE
Independent Director
COMPENSATION
CA$10K
AGE
39
TENURE
5.6 yrs

Kail Ross

TITLE
Independent Director
COMPENSATION
CA$10K
AGE
39
TENURE
3.3 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 (€) Value (€)
X
Management checks
We assess Automotive Finco'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. Automotive Finco 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

Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally. The company, through its investment in Automotive Finance LP, intends to provide long term and debt based acquisition financing to auto dealerships. It also focuses on direct investments in the auto retail sector. The company was formerly known as Augyva Mining Resources Inc. and changed its name to Automotive Finco Corp. in March 2017. The company was incorporated in 1986 and is headquartered in Toronto, Canada.

Details
Name: Automotive Finco Corp.
2AYA
Exchange: DB
Founded: 1986
CA$20,477,938
17,706,434
Website: http://www.autofincocorp.com
Address: Automotive Finco Corp.
8 King Street East,
Suite 1800,
Toronto,
Ontario, M5C 1B5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV AFCC Common Shares TSX Venture Exchange CA CAD 31. Aug 1988
OTCPK RMIA.F Common Shares Pink Sheets LLC US USD 31. Aug 1988
DB 2AYA Common Shares Deutsche Boerse AG DE EUR 31. Aug 1988
Number of employees
Current staff
Staff numbers
0
Automotive Finco employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/21 21:08
End of day share price update: 2019/11/21 00:00
Last estimates confirmation: 2018/04/30
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.