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AssetCo

AIM:ASTO
Snowflake Description

Flawless balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASTO
AIM
£42M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

AssetCo plc engages in the provision of management and resources to the fire and rescue emergency services in the Middle East and internationally. The last earnings update was 149 days ago. More info.


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ASTO Share Price and Events
7 Day Returns
-0.6%
AIM:ASTO
0.8%
GB Commercial Services
-0.4%
GB Market
1 Year Returns
0%
AIM:ASTO
17.6%
GB Commercial Services
4.5%
GB Market
ASTO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AssetCo (ASTO) -0.6% 4.5% 7.8% 0% -10% 15%
GB Commercial Services 0.8% 1.4% 5.6% 17.6% 13.7% 10.6%
GB Market -0.4% 1.7% 4.7% 4.5% 6.9% 2.9%
1 Year Return vs Industry and Market
  • ASTO underperformed the Commercial Services industry which returned 17.6% over the past year.
  • ASTO underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.5% over the past year.
Price Volatility
ASTO
Industry
5yr Volatility vs Market

ASTO Value

 Is AssetCo 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
  • It is not possible to calculate the future cash flow value for AssetCo. This is due to cash flow or dividend data being unavailable. The share price is £3.45.
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 AssetCo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AssetCo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:ASTO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.11
AIM:ASTO Share Price ** AIM (2019-11-15) in GBP £3.45
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PE Ratio Median Figure of 24 Publicly-Listed Commercial Services Companies 18.65x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.16x

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

** Primary Listing of AssetCo.

AIM:ASTO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:ASTO Share Price ÷ EPS (both in GBP)

= 3.45 ÷ 0.11

31.99x

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

  • AssetCo is overvalued based on earnings compared to the GB Commercial Services industry average.
  • AssetCo is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does AssetCo's expected growth come at a high price?
Raw Data
AIM:ASTO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
16.6%per year
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PEG Ratio Median Figure of 19 Publicly-Listed Commercial Services Companies 1.21x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.4x

*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 AssetCo, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AssetCo's assets?
Raw Data
AIM:ASTO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £2.47
AIM:ASTO Share Price * AIM (2019-11-15) in GBP £3.45
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PB Ratio Median Figure of 31 Publicly-Listed Commercial Services Companies 1.79x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:ASTO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:ASTO Share Price ÷ Book Value per Share (both in GBP)

= 3.45 ÷ 2.47

1.4x

* Primary Listing of AssetCo.

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

  • AssetCo is good value based on assets compared to the GB Commercial Services industry average.
X
Value checks
We assess AssetCo'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. AssetCo has a total score of 1/6, 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.

ASTO Future Performance

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

  • No analysts cover AssetCo, future earnings growth has been estimated based on fundamentals.
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
16.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AssetCo expected to grow at an attractive rate?
  • AssetCo's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • AssetCo's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare AssetCo's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:ASTO Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:ASTO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 16.6%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
AIM:ASTO 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 GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:ASTO Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 17 -2 1
2018-12-31 20 -4 1
2018-09-30 23 -5 1
2018-06-30 23 -3 1
2018-03-31 23 0 1
2017-12-31 24 3 2
2017-09-30 25 6 2
2017-06-30 25 5 3
2017-03-31 26 5 4
2016-12-31 24 3 4
2016-09-30 23 2 5
2016-06-30 23 3 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AssetCo's earnings are expected to grow by 16.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if AssetCo 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
AIM:ASTO 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 AssetCo Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ASTO Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.11
2018-12-31 0.11
2018-09-30 0.12
2018-06-30 0.10
2018-03-31 0.08
2017-12-31 0.13
2017-09-30 0.18
2017-06-30 0.27
2017-03-31 0.36
2016-12-31 0.37
2016-09-30 0.38
2016-06-30 0.37

*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 AssetCo will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AssetCo'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
AssetCo has a total score of 2/6, 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.

ASTO Past Performance

  How has AssetCo 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 AssetCo's growth in the last year to its industry (Commercial Services).
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.
  • AssetCo's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • AssetCo's 1-year earnings growth exceeds its 5-year average (38.3% vs -11.7%)
  • AssetCo's earnings growth has exceeded the GB Commercial Services industry average in the past year (38.3% vs 14.9%).
Earnings and Revenue History
AssetCo'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 AssetCo Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ASTO Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 16.95 1.32 2.97
2018-12-31 19.92 1.37 3.86
2018-09-30 22.89 1.42 4.75
2018-06-30 22.82 1.19 4.94
2018-03-31 22.76 0.95 5.14
2017-12-31 23.82 1.56 5.02
2017-09-30 24.88 2.17 4.89
2017-06-30 25.23 3.26 3.99
2017-03-31 25.57 4.35 3.10
2016-12-31 24.44 4.47 2.49
2016-09-30 23.30 4.60 1.87
2016-06-30 22.77 4.53 1.90
2016-03-31 22.25 4.45 1.93
2015-12-31 21.95 4.23 1.78
2015-09-30 21.66 4.01 1.64
2015-06-30 19.84 3.37 1.33
2015-03-31 18.03 2.72 1.03
2014-12-31 16.33 2.49 1.09
2014-09-30 14.63 2.25 1.15
2014-06-30 15.37 2.25 1.44
2014-03-31 16.11 2.25 1.72
2013-12-31 16.88 1.76 1.95
2013-09-30 17.65 1.26 2.17
2013-03-31 6.32 -1.15 -2.50
2012-12-31 11.12 1.44 -0.49

*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.
  • AssetCo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AssetCo used its assets less efficiently than the GB Commercial Services industry average last year based on Return on Assets.
  • AssetCo's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AssetCo'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 Commercial Services 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.
AssetCo has a total score of 2/6, 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.

ASTO Health

 How is AssetCo'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 AssetCo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AssetCo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AssetCo has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AssetCo'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.
  • AssetCo has no debt, it does not need to be covered by short term assets.
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 AssetCo Company Filings, last reported 7 months ago.

AIM:ASTO Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 30.19 0.00 18.26
2018-12-31 30.19 0.00 18.26
2018-09-30 29.97 0.00 16.80
2018-06-30 29.97 0.00 16.80
2018-03-31 27.49 0.00 19.55
2017-12-31 27.49 0.00 19.55
2017-09-30 27.79 0.00 21.53
2017-06-30 27.79 0.00 21.53
2017-03-31 28.40 0.00 20.71
2016-12-31 28.40 0.00 20.71
2016-09-30 26.06 0.00 15.47
2016-06-30 26.06 0.00 15.47
2016-03-31 22.38 0.00 15.49
2015-12-31 22.38 0.00 15.49
2015-09-30 19.60 0.00 12.84
2015-06-30 19.60 0.00 12.84
2015-03-31 17.33 0.00 10.50
2014-12-31 17.33 0.00 10.50
2014-09-30 14.72 0.00 5.79
2014-06-30 14.72 0.00 5.79
2014-03-31 13.13 0.00 5.06
2013-12-31 13.13 0.00 5.06
2013-09-30 9.91 0.00 4.13
2013-03-31 9.15 0.00 4.12
2012-12-31 9.15 0.00 4.12
  • AssetCo has no debt.
  • AssetCo has not taken on any debt in the past 5 years.
  • AssetCo has no debt, it does not need to be covered by operating cash flow.
  • AssetCo has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess AssetCo'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. AssetCo has a total score of 6/6, 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.

ASTO Dividends

 What is AssetCo'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
0%
Current annual income from AssetCo dividends.
If you bought £2,000 of AssetCo shares you are expected to receive £0 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?
  • Unable to evaluate AssetCo's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AssetCo's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
AIM:ASTO 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
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:ASTO Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2012-12-20 0.000 0.000
2012-06-29 0.000 0.000
2012-04-12 0.000 0.000
2010-07-19 15.000 21.885
2010-06-25 15.000 2.628
2009-06-16 12.500 2.125
2009-03-31 12.500 3.290

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

  • Unable to perform a dividend volatility check as AssetCo has not reported any payouts.
  • Unable to verify if AssetCo's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AssetCo's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AssetCo has not reported any payouts.
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 AssetCo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 AssetCo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AssetCo 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.

ASTO Management

 What is the CEO of AssetCo'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.
  • AssetCo has no CEO, or we have no data on them.
Management Team

Tudor Davies

TITLE
Executive Chairman & Company Secretary
COMPENSATION
£70K
AGE
68
TENURE
8.2 yrs

Nasser Al Wahshi

TITLE
Director of Administration

Sayed Cassim

TITLE
Human Resources & Administration Manager
AGE
38

Denis Mellon

TITLE
MD & Group Director of AssetCo Specialist Vehicle Design & Build

Abdullah Nouaimi

TITLE
Chief Fire Officer
AGE
46

Yasser Antar

TITLE
Deputy Chief Fire Officer
AGE
39

Bruce Main

TITLE
Assistant Fire Chief of Training
AGE
58
Board of Directors Tenure

Average tenure and age of the AssetCo board of directors in years:

8.7
Average Tenure
65
Average Age
  • The tenure for the AssetCo board of directors is about average.
Board of Directors

Tudor Davies

TITLE
Executive Chairman & Company Secretary
COMPENSATION
£70K
AGE
68
TENURE
8.7 yrs

Chris Mills

TITLE
Non-Executive Director
COMPENSATION
£20K
AGE
65
TENURE
8.7 yrs

Alexander Butcher

TITLE
Non-Executive Director
COMPENSATION
£20K
AGE
61
TENURE
7.1 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 (£)
10. Oct 19 Sell Harwood Capital LLP Company 07. Oct 19 07. Oct 19 -45,000 £3.10 £-139,500
X
Management checks
We assess AssetCo'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. AssetCo 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.

ASTO News

Simply Wall St News

Why AssetCo plc's (LON:ASTO) High P/E Ratio Isn't Necessarily A Bad Thing

The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for AssetCo: P/E of 28.74 = £3.1 ÷ £0.11 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio implies that investors pay a higher price for the earning power of the business. … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' Does AssetCo Have A Relatively High Or Low P/E For Its Industry?

Simply Wall St -

Did You Manage To Avoid AssetCo's (LON:ASTO) 19% Share Price Drop?

For example, the AssetCo plc (LON:ASTO) share price is down 19% in the last year. … Check out our latest analysis for AssetCo To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … During the unfortunate twelve months during which the AssetCo share price fell, it actually saw its earnings per share (EPS) improve by 38%.

Simply Wall St -

Read This Before Judging AssetCo plc's (LON:ASTO) ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for AssetCo: 4.4% = UK£1.3m ÷ UK£30m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining AssetCo's Debt And Its 4.4% Return On Equity Shareholders will be pleased to learn that AssetCo has not one iota of net debt! … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

How Do AssetCo plc’s (LON:ASTO) Returns Compare To Its Industry?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for AssetCo: 0.05 = UK£1.5m ÷ (UK£35m - UK£5.0m) (Based on the trailing twelve months to September 2018.) Therefore, AssetCo has an ROCE of 5.0%. … What Are Current Liabilities, And How Do They Affect AssetCo's ROCE? … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Should We Worry About AssetCo plc's (LON:ASTO) P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at AssetCo plc's (LON:ASTO) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate A Price To Earnings Ratio

Simply Wall St -

Should AssetCo plc (LON:ASTO) Focus On Improving This Fundamental Metric?

Our data shows AssetCo has a return on equity of 4.7% for the last year. … That means that for every £1 worth of shareholders' equity, it generated £0.047 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Did AssetCo's Share Price Deserve to Gain 34%?

To wit, the AssetCo plc (LON:ASTO) share price is 34% higher than it was a year ago, much better than the market return of around -1.2% (not including dividends) in the same period. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … So the fundamental metrics don't provide an obvious explanation for the share price gain.

Simply Wall St -

AssetCo plc (LON:ASTO): What Are Investors Earning On Their Capital?

As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide. … Therefore, looking at how efficiently AssetCo is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

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Should We Be Cautious About AssetCo plc's (LON:ASTO) ROE Of 3.5%?

AssetCo has a ROE of 3.5%, based on the last twelve months. … That means that for every £1 worth of shareholders' equity, it generated £0.035 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Should You Be Tempted To Sell AssetCo plc (LON:ASTO) Because Of Its PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … While this might not seem positive, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

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ASTO Company Info

Description

AssetCo plc engages in the provision of management and resources to the fire and rescue emergency services in the Middle East and internationally. The company offers outsourced fire and rescue services. Its solutions include recruitment, training, and provision of personnel; development of internationally accredited operating standards; operational asset procurement; and asset and facilities management services. The company also provides an operational capability to meet military, civil, airside, and oil and gas incident response, support, and management. It serves the UAE Armed Forces. AssetCo plc was incorporated in 2003 and is headquartered in Monmouth, the United Kingdom.

Details
Name: AssetCo plc
ASTO
Exchange: AIM
Founded: 2003
£42,128,512
12,211,163
Website: http://www.assetco.com
Address: AssetCo plc
Singleton Court Business Park,
Wonastow Road,
Monmouth,
Gwent, NP25 5JA,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM ASTO Ordinary Shares London Stock Exchange AIM Market GB GBP 02. Apr 2007
Number of employees
Current staff
Staff numbers
238
AssetCo employees.
Industry
Security and Alarm Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 20:38
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/06/20
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.