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Asia Asset Finance

COSE:AAF.N0000
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AAF.N0000
COSE
LKR994M
Market Cap
  1. Home
  2. LK
  3. Diversified Financials
Company description

Asia Asset Finance PLC, a deposit-taking institution, provides financial products and services to individuals and corporations in Sri Lanka. The last earnings update was 74 days ago. More info.


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AAF.N0000 Share Price and Events
7 Day Returns
-2.4%
COSE:AAF.N0000
-1.7%
LK Consumer Finance
0.6%
LK Market
1 Year Returns
-11.1%
COSE:AAF.N0000
20.4%
LK Consumer Finance
-1%
LK Market
AAF.N0000 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Asia Asset Finance (AAF.N0000) -2.4% -9.1% -1.2% -11.1% -42.9% -52.9%
LK Consumer Finance -1.7% -2.2% 8.5% 20.4% 23.8% 8.8%
LK Market 0.6% -3.2% -0.5% -1% -5.2% -16.7%
1 Year Return vs Industry and Market
  • AAF.N0000 underperformed the Consumer Finance industry which returned 20.4% over the past year.
  • AAF.N0000 underperformed the Market in Sri Lanka which returned -1% over the past year.
Price Volatility
AAF.N0000
Industry
5yr Volatility vs Market

Value

 Is Asia Asset Finance 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 Asia Asset Finance 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 Asia Asset Finance.

COSE:AAF.N0000 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
= LKR20.70 * 9.6%
LKR1.98
Book Value of Equity per Share Median Book Value from the past 5 years. LKR20.70
Discount Rate (Cost of Equity) See below 25.7%
Perpetual Growth Rate 10-Year LK Government Bond Rate 3.4%

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

Calculation of Discount Rate/ Cost of Equity for COSE:AAF.N0000
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year LK Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 11.1%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 28%) (699.8%))
3.102
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.43% + (2 * 11.14%)
25.71%

Discounted Cash Flow Calculation for COSE:AAF.N0000 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Asia Asset Finance 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.

COSE:AAF.N0000 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.6% – 25.71%) * LKR20.70)
LKR-3.34
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= LKR-3.34 / (25.71% - 3.43%)
LKR-14.98
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= LKR20.70 + LKR-14.98
LKR5.72
COSE:AAF.N0000 Discount to Share Price
Calculation Result
Value per share (LKR) From above. LKR5.72
Current discount Discount to share price of LKR8.00
= -1 x (LKR8.00 - LKR5.72) / LKR5.72
-39.9%

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

  • The current share price of Asia Asset Finance 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 Asia Asset Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Asia Asset Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
COSE:AAF.N0000 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in LKR LKR0.94
COSE:AAF.N0000 Share Price ** COSE (2020-01-28) in LKR LKR8
Sri Lanka Consumer Finance Industry PE Ratio Median Figure of 18 Publicly-Listed Consumer Finance Companies 5.51x
Sri Lanka Market PE Ratio Median Figure of 186 Publicly-Listed Companies 8.73x

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

** Primary Listing of Asia Asset Finance.

COSE:AAF.N0000 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= COSE:AAF.N0000 Share Price ÷ EPS (both in LKR)

= 8 ÷ 0.94

8.48x

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

  • Asia Asset Finance is overvalued based on earnings compared to the LK Consumer Finance industry average.
  • Asia Asset Finance is good value based on earnings compared to the Sri Lanka market.
Price based on expected Growth
Does Asia Asset Finance's expected growth come at a high price?
Raw Data
COSE:AAF.N0000 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Consumer Finance Industry PEG Ratio Median Figure of 33 Publicly-Listed Consumer Finance Companies 0.87x
Sri Lanka Market PEG Ratio Median Figure of 9 Publicly-Listed Companies 0.75x

*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 Asia Asset Finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Asia Asset Finance's assets?
Raw Data
COSE:AAF.N0000 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in LKR LKR17.38
COSE:AAF.N0000 Share Price * COSE (2020-01-28) in LKR LKR8
Sri Lanka Consumer Finance Industry PB Ratio Median Figure of 23 Publicly-Listed Consumer Finance Companies 0.81x
Sri Lanka Market PB Ratio Median Figure of 253 Publicly-Listed Companies 0.74x
COSE:AAF.N0000 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= COSE:AAF.N0000 Share Price ÷ Book Value per Share (both in LKR)

= 8 ÷ 17.38

0.46x

* Primary Listing of Asia Asset Finance.

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

  • Asia Asset Finance is good value based on assets compared to the LK Consumer Finance industry average.
X
Value checks
We assess Asia Asset Finance'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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. Asia Asset Finance has a total score of 2/6, see the detailed checks below.

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

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

Future Performance

 How is Asia Asset Finance 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 Asia Asset Finance 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
17.4%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Asia Asset Finance expected to grow at an attractive rate?
  • Unable to compare Asia Asset Finance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Asia Asset Finance's earnings growth to the Sri Lanka market average as no estimate data is available.
  • Unable to compare Asia Asset Finance's revenue growth to the Sri Lanka market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
COSE:AAF.N0000 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 17.4%
Asia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 17.4%
Sri Lanka Market Earnings Growth Rate Market Cap Weighted Average 17.1%
Sri Lanka Market Revenue Growth Rate Market Cap Weighted Average 12.2%

*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
COSE:AAF.N0000 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in LKR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
COSE:AAF.N0000 Past Financials Data
Date (Data in LKR Millions) Revenue Cash Flow Net Income *
2019-09-30 1,142 -1,863 117
2019-06-30 1,058 -1,472 110
2019-03-31 1,018 -1,390 101
2018-12-31 980 -1,451 88
2018-09-30 965 -1,149 120
2018-06-30 954 -627 138
2018-03-31 952 -39 178
2017-12-31 1,011 424 229
2017-09-30 1,011 -33 261
2017-06-30 990 -207 278
2017-03-31 954 -460 278
2016-12-31 835 -1,038 247

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Asia Asset Finance is high growth as no earnings estimate data is available.
  • Unable to determine if Asia Asset Finance 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
COSE:AAF.N0000 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Asia Asset Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

COSE:AAF.N0000 Past Financials Data
Date (Data in LKR Millions) EPS *
2019-09-30 0.94
2019-06-30 0.88
2019-03-31 0.94
2018-12-31 1.05
2018-09-30 1.43
2018-06-30 1.64
2018-03-31 2.12
2017-12-31 2.73
2017-09-30 3.11
2017-06-30 3.32
2017-03-31 3.31
2016-12-31 2.94

*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 Asia Asset Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Asia Asset Finance'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
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Asia Asset Finance'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Asia Asset Finance 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 Asia Asset Finance 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 Asia Asset Finance's growth in the last year to its industry (Consumer Finance).
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.
  • Asia Asset Finance's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Asia Asset Finance's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Asia Asset Finance's 1-year earnings growth is negative, it can't be compared to the LK Consumer Finance industry average.
Earnings and Revenue History
Asia Asset Finance'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 Asia Asset Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

COSE:AAF.N0000 Past Revenue, Cash Flow and Net Income Data
Date (Data in LKR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,141.52 117.15 1,050.89
2019-06-30 1,058.30 109.90 968.58
2019-03-31 1,017.71 100.93 919.39
2018-12-31 979.56 87.90 856.70
2018-09-30 965.00 119.67 804.60
2018-06-30 954.37 137.75 763.97
2018-03-31 952.21 178.23 719.85
2017-12-31 1,010.61 228.75 685.65
2017-09-30 1,011.26 261.20 661.16
2017-06-30 989.58 278.25 634.16
2017-03-31 953.73 278.05 610.24
2016-12-31 835.04 246.91 582.55
2016-09-30 763.00 211.62 548.08
2016-06-30 693.69 196.13 501.67
2016-03-31 612.01 175.22 450.58
2015-12-31 616.20 143.51 418.56
2015-09-30 535.24 125.58 385.25
2015-06-30 465.52 123.30 350.36
2015-03-31 398.44 101.19 318.17
2014-12-31 327.10 83.74 287.58
2014-09-30 302.94 70.69 259.85
2014-06-30 296.13 47.90 256.35
2014-03-31 290.74 46.52 249.50
2013-12-31 273.46 46.93 255.43
2013-09-30 270.06 53.96 243.57
2013-06-30 244.26 54.16 218.65
2013-03-31 236.97 61.69 206.65

*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.
  • Asia Asset Finance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Asia Asset Finance used its assets less efficiently than the LK Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Asia Asset Finance improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Asia Asset Finance'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 Consumer Finance 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.
Asia Asset Finance has a total score of 1/6, 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 Asia Asset Finance'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 Asia Asset Finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Asia Asset Finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Asia Asset Finance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Asia Asset Finance'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 2x 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 Asia Asset Finance Company Filings, last reported 3 months ago.

COSE:AAF.N0000 Past Debt and Equity Data
Date (Data in LKR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,157.92 6,952.99 1,421.37
2019-06-30 2,128.89 5,894.80 1,547.93
2019-03-31 1,952.89 5,090.01 1,336.03
2018-12-31 1,911.58 5,181.09 1,589.46
2018-09-30 1,896.76 4,454.50 1,129.07
2018-06-30 1,874.98 3,695.48 1,033.27
2018-03-31 1,858.93 3,456.00 1,283.85
2017-12-31 1,821.12 3,145.63 1,103.58
2017-09-30 1,774.54 3,301.09 1,108.96
2017-06-30 1,734.67 2,698.87 1,231.81
2017-03-31 1,736.89 2,512.55 1,085.43
2016-12-31 1,653.81 2,485.06 941.82
2016-09-30 1,574.77 2,632.59 1,399.70
2016-06-30 1,517.85 2,130.75 1,204.78
2016-03-31 1,461.53 1,776.76 1,067.91
2015-12-31 1,406.29 1,221.62 840.15
2015-09-30 1,362.55 1,288.93 1,310.48
2015-06-30 1,321.12 636.02 1,127.19
2015-03-31 1,285.71 344.58 775.49
2014-12-31 1,263.54 464.84 898.69
2014-09-30 796.50 430.33 831.69
2014-06-30 779.80 462.28 930.28
2014-03-31 741.48 142.89 495.09
2013-12-31 732.63 48.53 212.29
2013-09-30 772.20 46.15 358.81
2013-06-30 756.69 17.23 341.64
2013-03-31 691.60 48.55 330.28
  • Asia Asset Finance's level of debt (322.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (53.7% vs 322.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Asia Asset Finance's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Asia Asset Finance'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. Asia Asset Finance has a total score of 2/6, 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 Asia Asset Finance'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 Asia Asset Finance dividends.
If you bought LKR2,000 of Asia Asset Finance shares you are expected to receive LKR0 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 Asia Asset Finance's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Asia Asset Finance'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
COSE:AAF.N0000 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
Sri Lanka Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 4.7%
Sri Lanka Market Average Dividend Yield Market Cap Weighted Average of 152 Stocks 3.9%
Sri Lanka Minimum Threshold Dividend Yield 10th Percentile 1.3%
Sri Lanka Bottom 25% Dividend Yield 25th Percentile 2.1%
Sri Lanka Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

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

COSE:AAF.N0000 Past Annualized Dividends Data
Date (Data in LKR) Dividend per share (annual) Avg. Yield (%)
2017-07-04 0.700 5.772

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

  • Unable to perform a dividend volatility check as Asia Asset Finance has not reported any payouts.
  • Unable to verify if Asia Asset Finance's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Asia Asset Finance's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Asia Asset Finance 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 Asia Asset Finance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Asia Asset Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Asia Asset Finance has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Asia Asset Finance'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
Rajiv James Gunawardena
CEO Bio

Mr. Rajiv James Abeywickrama Gunawardena has been the Chief Executive Officer of Asia Asset Finance PLC at Asia Capital PLC. since November 2009. Mr. Gunawardena has been a Non-Independent Executive Director of Asia Asset Finance PLC since December 2009. He is responsible for setting and implementing the organisation’s vision and strategy and for management of the organisations operations. Prior to joining Asia Asset Finance Mr. guanwardena worked in the capacity of senior Investment Analyst at Asia Capital PlC, also the parent Company of Asia Asset Finance PlC. He was a lecturer of Accounting at the Australian College of Business Technology. Mr. Gunawardena has a Bachelor of science in Business and Information systems from the united Kingdom and completed his Masters of Professional Accounting at Monash University Australia.

CEO Compensation
  • Insufficient data for Rajiv James to compare compensation growth.
  • Insufficient data for Rajiv James to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Asia Asset Finance management team in years:

2.8
Average Tenure
  • The tenure for the Asia Asset Finance management team is about average.
Management Team

Rajiv James Gunawardena

TITLE
CEO & Non-Independent Executive Director

Geethika Elwalage

TITLE
Assistant General Manager of Finance
TENURE
2.8 yrs

Roshan Gunasekera

TITLE
Chief Operating Officer

Hantley Babapulle

TITLE
Assistant General Manager of Investments & Administration
TENURE
2.8 yrs

Shashiprabha Liyanage

TITLE
Assistant Compliance Officer
TENURE
5.8 yrs

Jayantha Weerapullige

TITLE
Assistant General Manager of Marketing

Praveen Peiris

TITLE
Assistant General Manager of Treasury
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure of the Asia Asset Finance board of directors in years:

4.9
Average Tenure
  • The tenure for the Asia Asset Finance board of directors is about average.
Board of Directors

Chandrakumar Ramachandra

TITLE
Independent Chairman
TENURE
1.8 yrs

Rajiv James Gunawardena

TITLE
CEO & Non-Independent Executive Director
TENURE
10.1 yrs

Ranasinghe Arachchige Thusitha Perera

TITLE
Independent Non-Executive Director
TENURE
6.1 yrs

Rajitha Ananda Basnayake

TITLE
Senior Independent Non-Executive Director

Dayangani Pieris

TITLE
Non Independent Non Executive Director
TENURE
8 yrs

Kuttikattu Bijimon

TITLE
Non Independent Non Executive Director
AGE
49
TENURE
4.9 yrs

George Alexander

TITLE
Non Executive Non Independent Director
TENURE
4.9 yrs

Kiran Gopala Pillai

TITLE
Non-Independent Non- Executive Director
TENURE
1.8 yrs

Jayasekara Danasiri Rupakumara Jayasekara

TITLE
Independent Non-Executive Director
TENURE
2 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 (LKR) Value (LKR)
X
Management checks
We assess Asia Asset Finance'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. Asia Asset Finance 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

Asia Asset Finance PLC, a deposit-taking institution, provides financial products and services to individuals and corporations in Sri Lanka. The company accepts public and fixed deposits; and grants loans, such as mortgage, term, gold, group personal, wedding, education, corporate, property, and pledge loans, as well as offers cheques and invoice discounting, and asset-backed financing services. It also provides leasing; hire purchase; corporate leasing for corporate establishments, semi-government organizations, professionals, and high net worth individuals; factoring services; and microfinance to micro, small, and medium level entrepreneurs in rural areas. The company was founded in 1970 and is based in Colombo, Sri Lanka. Asia Asset Finance PLC operates as a subsidiary of Muthoot Finance Limited.

Details
Name: Asia Asset Finance PLC
AAF.N0000
Exchange: COSE
Founded: 1970
LKR993,564,264
124,195,533
Website: http://www.asiaassetfinance.com
Address: Asia Asset Finance PLC
No. 76/1, Dharmapala Mawatha,
Colombo,
03,
Sri Lanka
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
COSE AAF.N0000 Ordinary Shares Colombo Stock Exchange LK LKR 13. Jan 2012
Number of employees
Current staff
Staff numbers
553
Asia Asset Finance employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 15:25
End of day share price update: 2020/01/28 00:00
Last earnings filing: 2019/11/15
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.