Alberton Acquisition Corporation engages in a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses.
The last earnings update was 99 days ago.
Discounted Cash Flow Calculation for NasdaqCM:ALAC.U using Excess Returns Model Model
The calculations below outline how an intrinsic value for Alberton Acquisition 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.
The current share price of
is above its future cash flow value.
Often investors are willing to pay a
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
is considered below, and whether this is a fair price.
Price based on past earnings
Alberton Acquisition's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Alberton Acquisition 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
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
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Alberton Acquisition's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Alberton Acquisition's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Alberton Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Alberton Acquisition is high growth as no earnings estimate data is available.
Unable to determine if Alberton Acquisition 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.
Alberton Acquisition's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Alberton Acquisition's finances.
The net worth of a company is the difference between its assets and liabilities.
Alberton Acquisition's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Alberton Acquisition's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Alberton Acquisition'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.9x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
Mr. Bin Wang serves as the President at Eon Capital International Ltd. Mr. Wang was a Managing Director of RedChip China at RedChip Companies, Inc. Mr. Wang is an Independent Director of Qualis Innovations, Inc. since September 1, 2011. Mr. Wang is Chairman and Chief Executive Officer of Alberton Acquisition Corporation and serves as its Director since July 2018. Mr. Wang is an experienced Banker and Business Executive with 25 years of experience in China and on Wall Street. Prior to joining Eon Capital, he served as a Vice President on different posts at JP Morgan Chase & Co. for 12 years. Mr. Wang has been Independent Director of SKY Digital Stores Corp. since September 2011 and served as its Independent Director since July 28, 2011. He is also enthusiastically engaged in numerous non-profit organization activities and is the Vice-Chairman and Member of the Chinese Association for Science and Business and as a Board Member of the Chinese American Bankers Association. Since 1998, he has been frequently interviewed by major Chinese media, such as CCTV and Phoenix TV, on different topics related to world economy and capital markets. Mr. Wang's excellent management performance has made him a winner of the bank's Leadership Award five times. Mr. Wang received his M.S. from Xi’an Jiao-Tong University in early 1983 and an M.A in Economics from Illinois State University in 1992.
Insufficient data for Ben to compare compensation growth.
Insufficient data for Ben to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Chairman & CEO
CFO & Company Secretary
Treasurer & Director
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Alberton Acquisition board of directors is less than 3 years, this suggests a new board.
Board of Directors
Chairman & CEO
Treasurer & Director
John W. Allen
Howard H. Jiang
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Alberton Acquisition Corporation engages in a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses. The company was formerly known as Wisdom Resources Group Limited and changed its name to Alberton Acquisition Corporation in July 2018. Alberton Acquisition Corporation was founded in 2005 and is based in Wanchai, Hong Kong.
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