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Standard Life Aberdeen

LSE:SLA
Snowflake Description

Second-rate dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SLA
LSE
£7B
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Standard Life Aberdeen plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The last earnings update was 174 days ago. More info.


Add to Portfolio Compare Print
  • Standard Life Aberdeen is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
SLA Share Price and Events
7 Day Returns
-3.5%
LSE:SLA
0.5%
GB Capital Markets
-3%
GB Market
1 Year Returns
17.6%
LSE:SLA
22.7%
GB Capital Markets
11%
GB Market
SLA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Standard Life Aberdeen (SLA) -3.5% -9.1% -0.4% 17.6% -22.8% -46.4%
GB Capital Markets 0.5% -2.7% 6.5% 22.7% 60.2% 105.2%
GB Market -3% -2.4% 3.9% 11% 4.7% 6.8%
1 Year Return vs Industry and Market
  • SLA underperformed the Capital Markets industry which returned 22.7% over the past year.
  • SLA outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 11% over the past year.
Price Volatility
SLA
Industry
5yr Volatility vs Market

SLA Value

 Is Standard Life Aberdeen 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 Standard Life Aberdeen 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 Standard Life Aberdeen.

LSE:SLA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= £3.33 * 8.1%
£0.27
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. £3.33
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 LSE:SLA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.786 (1 + (1- 19%) (17.42%))
1.204
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.204 * 6.07%)
7.84%

Discounted Cash Flow Calculation for LSE:SLA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Standard Life Aberdeen 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.

LSE:SLA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.1% – 7.84%) * £3.33)
£0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.01 / (7.84% - 0.53%)
£0.11
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £3.33 + £0.11
£3.44
LSE:SLA Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.44
Current discount Discount to share price of £3.05
= -1 x (£3.05 - £3.44) / £3.44
11.3%

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

Current Discount
Amount off the current price Standard Life Aberdeen is available for.
Intrinsic value
11%
Share price is £3.05 vs Future cash flow value of £3.44
Current Discount Checks
For Standard Life Aberdeen to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Standard Life Aberdeen's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Standard Life Aberdeen's share price is below the future cash flow value, but not 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 Standard Life Aberdeen's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Standard Life Aberdeen's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:SLA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £-0.11
LSE:SLA Share Price ** LSE (2020-01-28) in GBP £3.05
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 45 Publicly-Listed Capital Markets Companies 20.78x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 18.18x

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

** Primary Listing of Standard Life Aberdeen.

LSE:SLA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SLA Share Price ÷ EPS (both in GBP)

= 3.05 ÷ -0.11

-27.27x

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

  • Standard Life Aberdeen is loss making, we can't compare its value to the GB Capital Markets industry average.
  • Standard Life Aberdeen is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Standard Life Aberdeen's expected growth come at a high price?
Raw Data
LSE:SLA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -27.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
-25.7%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 24 Publicly-Listed Capital Markets Companies 1.6x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 551 Publicly-Listed Companies 1.52x

*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 Standard Life Aberdeen, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Standard Life Aberdeen's assets?
Raw Data
LSE:SLA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £3.19
LSE:SLA Share Price * LSE (2020-01-28) in GBP £3.05
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 77 Publicly-Listed Capital Markets Companies 1.41x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,317 Publicly-Listed Companies 1.6x
LSE:SLA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SLA Share Price ÷ Book Value per Share (both in GBP)

= 3.05 ÷ 3.19

0.95x

* Primary Listing of Standard Life Aberdeen.

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

  • Standard Life Aberdeen is good value based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Standard Life Aberdeen'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. Standard Life Aberdeen 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.

SLA Future Performance

 How is Standard Life Aberdeen expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

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
-25.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Standard Life Aberdeen expected to grow at an attractive rate?
  • Standard Life Aberdeen's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Standard Life Aberdeen's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Standard Life Aberdeen's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:SLA Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:SLA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts -25.7%
LSE:SLA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts -5.5%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.1%
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
LSE:SLA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:SLA Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 1,560 340 334 9
2020-12-31 1,531 312 295 10
2020-01-28
2019-12-31 1,610 330 853 10
LSE:SLA Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 2,725 -249 -310
2019-03-31 2,428 289 -573
2018-12-31 2,131 826 -835
2018-09-30 2,363 1,414 -203
2018-06-30 2,594 2,002 429
2018-03-31 2,380 2,098 416
2017-12-31 2,165 2,194 402
2017-09-30 6,925 1,628 314
2017-06-30 11,685 1,061 226
2017-03-31 15,207 899 297
2016-12-31 18,729 736 368
2016-09-30 14,826 112 401

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Standard Life Aberdeen's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Standard Life Aberdeen's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
LSE:SLA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Standard Life Aberdeen Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SLA Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.14 0.21 0.08 6.00
2020-12-31 0.12 0.19 0.07 6.00
2020-01-28
2019-12-31 0.37 0.43 0.32 6.00
LSE:SLA Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 -0.11
2019-03-31 -0.20
2018-12-31 -0.29
2018-09-30 -0.08
2018-06-30 0.17
2018-03-31 0.18
2017-12-31 0.20
2017-09-30 0.17
2017-06-30 0.13
2017-03-31 0.17
2016-12-31 0.21
2016-09-30 0.23

*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.
  • Standard Life Aberdeen is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Standard Life Aberdeen'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.
Standard Life Aberdeen 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.

SLA Past Performance

  How has Standard Life Aberdeen 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 Standard Life Aberdeen'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.
  • Standard Life Aberdeen does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Standard Life Aberdeen's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Standard Life Aberdeen's 1-year growth to the GB Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Standard Life Aberdeen'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 Standard Life Aberdeen Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SLA Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2,725.00 -310.00 1,639.00
2019-03-31 2,428.00 -572.50 1,666.00
2018-12-31 2,131.00 -835.00 1,693.00
2018-09-30 2,362.50 -203.00 1,687.00
2018-06-30 2,594.00 429.00 1,692.00
2018-03-31 2,379.50 415.50 1,458.50
2017-12-31 2,165.00 402.00 1,225.00
2017-09-30 6,925.00 314.00 1,186.50
2017-06-30 11,685.00 226.00 1,148.00
2017-03-31 15,207.00 297.00 1,305.50
2016-12-31 18,729.00 368.00 1,463.00
2016-09-30 14,826.00 400.50 1,441.00
2016-06-30 10,923.00 433.00 1,419.00
2016-03-31 9,907.50 354.50 1,452.00
2015-12-31 8,892.00 276.00 1,485.00
2015-09-30 12,494.50 262.50 1,509.00
2015-06-30 16,097.00 249.00 1,533.00
2015-03-31 16,342.50 312.50 1,454.50
2014-12-31 16,588.00 376.00 1,376.00
2014-06-30 14,312.00 402.00 1,066.00
2014-03-31 15,564.00 368.50 1,171.50
2013-12-31 16,816.00 335.00 1,277.00
2013-09-30 20,244.50 511.00 1,670.00
2013-06-30 19,968.00 556.00 1,603.00
2013-03-31 19,576.50 610.50 1,642.00

*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 Standard Life Aberdeen has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Standard Life Aberdeen has efficiently used its assets last year compared to the GB Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Standard Life Aberdeen 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 Standard Life Aberdeen'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.
Standard Life Aberdeen 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.

SLA Health

 How is Standard Life Aberdeen'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 Standard Life Aberdeen's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Standard Life Aberdeen is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Standard Life Aberdeen's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Standard Life Aberdeen'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 Standard Life Aberdeen Company Filings, last reported 6 months ago.

LSE:SLA Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 7,645.00 968.00 1,284.00
2019-03-31 7,645.00 968.00 1,284.00
2018-12-31 7,539.00 1,297.00 4,039.00
2018-09-30 7,539.00 1,297.00 4,039.00
2018-06-30 8,643.00 1,909.00 935.00
2018-03-31 8,643.00 1,909.00 935.00
2017-12-31 8,992.00 3,016.00 173,008.00
2017-09-30 8,992.00 3,016.00 173,008.00
2017-06-30 4,670.00 1,365.00 8,025.00
2017-03-31 4,670.00 1,365.00 8,025.00
2016-12-31 4,644.00 1,505.00 11,472.00
2016-09-30 4,644.00 1,505.00 11,472.00
2016-06-30 4,552.00 1,374.00 9,171.00
2016-03-31 4,552.00 1,374.00 9,171.00
2015-12-31 4,349.00 1,830.00 17,509.00
2015-09-30 4,349.00 1,830.00 17,509.00
2015-06-30 4,122.00 1,353.00 10,588.00
2015-03-31 4,122.00 1,353.00 10,588.00
2014-12-31 4,950.00 2,340.00 154,305.00
2014-06-30 4,557.00 1,977.00 9,675.00
2014-03-31 4,557.00 1,977.00 9,675.00
2013-12-31 4,560.00 2,149.00 166,954.00
2013-09-30 4,560.00 2,140.00 10,817.00
2013-06-30 4,470.00 2,106.00 7,816.00
2013-03-31 4,470.00 2,106.00 7,816.00
  • Standard Life Aberdeen's level of debt (12.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (43.4% vs 12.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Standard Life Aberdeen is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Standard Life Aberdeen'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. Standard Life Aberdeen 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.

SLA Dividends

 What is Standard Life Aberdeen'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
7.43%
Current annual income from Standard Life Aberdeen dividends. Estimated to be 7.11% next year.
If you bought £2,000 of Standard Life Aberdeen shares you are expected to receive £149 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?
  • Standard Life Aberdeen's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.86%).
  • Standard Life Aberdeen's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.08%).
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
LSE:SLA 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 12 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 678 Stocks 4.4%
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 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

LSE:SLA Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.22 1.00
2021-12-31 0.22 14.00
2020-12-31 0.22 16.00
2020-01-28
2019-12-31 0.22 16.00
LSE:SLA Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.226 7.959
2018-02-23 0.243 7.557
2017-05-16 0.227 4.762
2016-02-19 0.210 5.354
2015-02-20 0.238 4.879
2014-02-27 0.221 4.049
2013-03-07 0.205 4.044
2012-08-14 0.126 2.928
2012-03-13 0.193 6.086
2011-03-10 0.182 6.275
2010-04-01 0.171 5.833
2009-08-05 0.166 5.746
2009-04-07 0.164 6.252

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Standard Life Aberdeen'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
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess Standard Life Aberdeen'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 Standard Life Aberdeen afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Standard Life Aberdeen has a total score of 3/6, see the detailed checks below.


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

SLA Management

 What is the CEO of Standard Life Aberdeen'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
Norman Skeoch
COMPENSATION £1,089,000
AGE 62
TENURE AS CEO 0.8 years
CEO Bio

Mr. Norman Keith Skeoch has been the Chief Executive at Standard Life Aberdeen plc since March 13, 2019 and its Executive Director since May 25, 2006. Mr. Skeoch has been the Chief Executive Officer at Standard Life Investments Limited since 2004 and Executive Director since 1999. He joined Standard Life in 1999 as the Chief Investment Officer. He also serves as Director and Chief Executive at Aberdeen Asset Managers Limited. Mr. Skeoch serves as Co-Chief Executive at Standard Life plc and served as its Chief Executive Officer since August 5, 2015 and has been its Executive Director since May 2006. He served as the Chief Executive Officer of Standard Life Assurance Limited until August 15, 2016 and also served as its Executive Director until September 1, 2016. Mr. Skeoch has the overall responsibility for all company business and investment operations at Standard Life. He serves as Chief Executive Officer of Global Investment Group at SL Private Equity. He served as Chief Executive Officer of Standard Life Aberdeen plc since August 05, 2015. Mr. Skeoch served as Co-Chief Executive at Standard Life Aberdeen plc since August 14, 2017 until March 13, 2019. He joined Standard Life Investments from James Capel, where he served from 1980 to 1999 as Managing Director of International Equities since 1998, Director of Economics and Strategy since 1993, Chief Economist since 1984 and International Economist since 1980. Mr. Skeoch started his career in 1979 at the Government Economic Service. Previously, he served as an Academic Advisor to the C.B.I. Mr. Skeoch serves as the Chairman of Standard Life Investments (USA) Limited. He serves as Director of HDFC Asset Management Company Ltd since October 26, 2005. Mr. Skeoch has been a Director of Standard Life Finance Plc since March 2006, Standard Life Financial, Inc. and The Standard Life Assurance Company of Canada since July 2010. He served as Non-Executive Director of HDFC Life Insurance Company Limited since November 2005 until October 22, 2019. He serves as a Member of Standard Life Charitable Trust and Standard Life Employee Services Limited. He also serves as a Director of SLTM Ltd., Standard Life Investments (Private Equity) Limited and Standard Life Investments (Mutual Funds) Limited. Mr. Skeoch serves as a Non-Executive Director of Standard Life Bank Ltd. and Standard Life Healthcare Limited. He is also a Non-Executive Director of the Financial Reporting Council. Mr. Skeoch serves as a Member of the Advisory Board of Reform Scotland. Previously, he was a Director of Ignis Asset Management and Investment Management Association. Previously he spent nearly 20 years at James Capel & Company Limited in a number of roles, including chief economist.He has been elected a Fellow of the Society of Business Economists and a Fellow of the Chartered Institute for Securities and Investment. Previously, Mr. Skeoch served as a Director of Association of British Insurers and Housing Development Finance Corporation Limited. Previously, he was a Member of HM Treasury Wholesale Markets Forum in 2009. Previously, Mr. Skeoch was a Member of The Chancellor's Working Group on Rights Issues. Previously, he worked with government and trade bodies in establishing best practices in stewardship and governance. Mr. Skeoch has vast investment experience. In November 2013, he was named European Personality of the Year by Funds Europe. Mr. Skeoch was awarded an Honorary Doctorate of Business Administration by Teesside University in 2011. He is a member of the Asset Management Taskforce. He received an M.A. in Economics from the University of Warwick in 1979 and a B.A. (Honors) in Economics from the University in Sussex in 1978.

CEO Compensation
  • Norman's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Norman's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Standard Life Aberdeen management team in years:

1
Average Tenure
60
Average Age
  • The average tenure for the Standard Life Aberdeen management team is less than 2 years, this suggests a new team.
Management Team

Norman Skeoch

TITLE
CEO & Executive Director
COMPENSATION
£1M
AGE
62
TENURE
0.8 yrs

Rod Paris

TITLE
Chief Investment Officer
COMPENSATION
£1M
AGE
60
TENURE
13 yrs

Gerry Grimstone

TITLE
COMPENSATION
£400K
AGE
69
TENURE
1 yrs

Stephanie Bruce

TITLE
CFO & Executive Director
AGE
51
TENURE
0.6 yrs

Mike Tumilty

TITLE
Chief Operating Officer
AGE
48
TENURE
0.8 yrs

Mark Dixon

TITLE
CTO & Chief Information Officer
TENURE
9.6 yrs

Jakub Rosochowski

TITLE
Investor Relations Director

Rushad Abadan

TITLE
General Counsel
TENURE
4 yrs

Stephen Whitehead

TITLE
Chief Communications Officer
TENURE
0.6 yrs

Jean Guay

TITLE
Senior Vice President of Sales & Marketing
TENURE
8.2 yrs
Board of Directors Tenure

Average tenure and age of the Standard Life Aberdeen board of directors in years:

1.9
Average Tenure
61.5
Average Age
  • The average tenure for the Standard Life Aberdeen board of directors is less than 3 years, this suggests a new board.
Board of Directors

Douglas Flint

TITLE
Independent Chairman of the Board
COMPENSATION
£14K
AGE
64
TENURE
1 yrs

Norman Skeoch

TITLE
CEO & Executive Director
COMPENSATION
£1M
AGE
62
TENURE
13.7 yrs

Martin Gilbert

TITLE
Vice Chairman
COMPENSATION
£1M
AGE
64
TENURE
0.8 yrs

Stephanie Bruce

TITLE
CFO & Executive Director
AGE
51
TENURE
0.6 yrs

Martin St. Pike

TITLE
Independent Non-Executive Director
COMPENSATION
£119K
AGE
57
TENURE
6.3 yrs

John Devine

TITLE
Independent Non-Executive Director
COMPENSATION
£127K
AGE
61
TENURE
3.5 yrs

Jonathan Asquith

TITLE
Senior Independent Non-Executive Director
AGE
63
TENURE
0.3 yrs

Melanie Gee

TITLE
Independent Non-Executive Director
COMPENSATION
£118K
AGE
57
TENURE
4.2 yrs

Jutta af Rosenborg

TITLE
Independent Non-Executive Director
COMPENSATION
£95K
AGE
61
TENURE
2.4 yrs

Cathi Raffaeli

TITLE
Independent Non-Executive Director
COMPENSATION
£35K
AGE
63
TENURE
1.4 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 (£)
07. Aug 19 Buy Douglas Flint Individual 07. Aug 19 07. Aug 19 7,600 £2.60 £19,775
29. Mar 19 Buy Douglas Flint Individual 29. Mar 19 29. Mar 19 7,750 £2.63 £20,351
25. Mar 19 Buy Douglas Flint Individual 25. Mar 19 25. Mar 19 7,750 £2.58 £19,983
X
Management checks
We assess Standard Life Aberdeen'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. Standard Life Aberdeen 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.

SLA News

Simply Wall St News

Standard Life Aberdeen plc (LON:SLA) Is Trading 17.22% Below Its True Value

Valuing SLA, a financial stock, can be daunting since these capital market firms generally have cash flows that are impacted by regulations that are not imposed upon other industries. … For example, capital market businesses are required to hold more capital to reduce the risk to shareholders.

Simply Wall St -

Standard Life Aberdeen plc (LON:SLA): How Much Growth Is Left In Financials?

operates in the financial services industry, … Though, in light of recent poor governance of these companies, such as those involved in risky derivative products, the operating risk has increased immensely … Financial services analysts are forecasting for the entire industry,

Simply Wall St -

Is Standard Life Aberdeen plc's (LON:SLA) PE Ratio A Signal To Buy For Investors?

and want to better understand how you can grow your money by investing in Standard Life Aberdeen plc (LON:SLA). … Standard Life Aberdeen plc (LON:SLA) trades with a trailing P/E of 10.9x, which is lower than the industry average of 12.4x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

With 89.95% Earnings Growth, Did Standard Life Aberdeen plc (LON:SLA) Outperform The Industry?

Analyzing Standard Life Aberdeen plc's (LON:SLA) track record of past performance is a valuable exercise for investors. … Today I will assess SLA's recent performance announced on 31 December 2017 and compare these figures to its long-term trend and industry movements. … See our latest analysis for Standard Life Aberdeen?

Simply Wall St -

Why Standard Life Aberdeen plc (LON:SLA) Should Be In Your Portfolio

Standard Life Aberdeen plc (LON:SLA) has pleased shareholders over the past 10 years, paying out an average dividend of 6.00% annually. … The stock currently pays out a dividend yield of 6.13%, and has a market cap of UK£10.22b. … Let's dig deeper into whether Standard Life Aberdeen should have a place in your portfolio.

Simply Wall St -

Should You Buy Standard Life Aberdeen plc (LON:SLA) Based On These Aspects?

I've been keeping an eye on Standard Life Aberdeen plc (LON:SLA) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe SLA has a lot to offer. … , dividend-paying company with a

Simply Wall St -

What Should You Know About Standard Life Aberdeen plc's (LON:SLA) Growth?

The latest earnings announcement Standard Life Aberdeen plc (LON:SLA) released in December 2017a

Simply Wall St -

Was Standard Life Aberdeen plc's (LON:SLA) Earnings Growth Better Than The Industry's?

Examining Standard Life Aberdeen plc's (LSE:SLA) past track record of performance is a valuable exercise for investors. … Check out our latest analysis for Standard Life Aberdeen How Well Did SLA Perform? … While Standard Life Aberdeen has a good historical track record with positive growth and profitability, there's no certainty that this will extrapolate into the future.

Simply Wall St -

Does Standard Life Aberdeen plc's (LON:SLA) PE Ratio Signal A Selling Opportunity?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SLA Price per share = £3.65 Earnings per share = £0.298 ∴ Price-Earnings Ratio = £3.65 ÷ £0.298 = 12.2x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared lower growth firms with SLA, then SLA’s P/E would naturally be higher since investors would reward SLA’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with SLA, SLA’s P/E would again be higher since investors would reward SLA’s lower risk with a higher price as well.

Simply Wall St -

What To Know Before Buying Standard Life Aberdeen plc (LON:SLA) For Its Dividend

See our latest analysis for Standard Life Aberdeen 5 checks you should do on a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend payers? … LSE:SLA Historical Dividend Yield Apr 23rd 18 How well does Standard Life Aberdeen fit our criteria? … Next Steps: With these dividend metrics in mind, I definitely rank Standard Life Aberdeen as a strong income stock, and is worth further research for anyone who considers dividends an important part of their portfolio strategy.

Simply Wall St -

SLA Company Info

Description

Standard Life Aberdeen plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels. It also makes real estate investments. The company was formerly known as Standard Life plc and changed its name to Standard Life Aberdeen plc in August 2017. Standard Life Aberdeen plc was founded in 1825 and is headquartered in Edinburgh, United Kingdom.

Details
Name: Standard Life Aberdeen plc
SLA
Exchange: LSE
Founded: 1825
£6,975,757,465
2,287,883,721
Website: http://www.standardlifeaberdeen.com
Address: Standard Life Aberdeen plc
1 George Street,
Edinburgh,
EH2 2LL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SLA Ordinary Shares London Stock Exchange GB GBP 10. Jul 2006
OTCPK SLFP.F Ordinary Shares Pink Sheets LLC US USD 10. Jul 2006
DB T3V2 Ordinary Shares Deutsche Boerse AG DE EUR 10. Jul 2006
BATS-CHIXE SLAL Ordinary Shares BATS 'Chi-X Europe' GB GBP 10. Jul 2006
OTCPK SLFP.Y UNSPONSORED ADS Pink Sheets LLC US USD 26. Jun 2008
Number of employees
Current staff
Staff numbers
8,319
Standard Life Aberdeen employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 21:04
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2020/01/24
Last earnings filing: 2019/08/07
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.