Aspinwall & Company Analysis

dividend

Pros

• Dividends paid are covered by earnings (1.7x coverage).
• Aspinwall's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).

Cons

• Aspinwall has only been paying a dividend for 3 years, and since then there has been no growth.
• Whilst dividend payments have been stable, Aspinwall has been paying a dividend for less than 10 years.
• Aspinwall's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

Pros

• Aspinwall is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• Aspinwall is profitable, therefore cash runway is not a concern.
• Aspinwall is profitable, therefore cash runway is not a concern.
• Debt is well covered by operating cash flow (24.4%, greater than 20% of total debt).
• Debt is covered by short term assets, assets are 2.4x debt.
• Aspinwall's cash and other short term assets cover its long term commitments.

Cons

• The level of debt compared to net worth has increased over the past 5 years (33.2% vs 51.9% today).
• Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
• Aspinwall's level of debt (51.9%) compared to net worth is high (greater than 40%).
• High level of physical assets or inventory.

management

Pros

• The tenure for the Aspinwall board of directors is about average.
• The average tenure for the Aspinwall management team is over 5 years, this suggests they are a seasoned and experienced team.

Cons

misc

Pros

Cons

• Aspinwall is not covered by any analysts.

past

Pros

Cons

• Aspinwall's 1-year earnings growth is negative, it can't be compared to the 5-year average.
• Aspinwall's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
• Aspinwall used its assets less efficiently than the IN Food industry average last year based on Return on Assets.
• Aspinwall's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
• Aspinwall has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
• Aspinwall's 1-year earnings growth is negative, it can't be compared to the IN Food industry average.

value

Pros

• Aspinwall's share price is below the future cash flow value, and at a moderate discount (> 20%).
• Aspinwall is good value based on assets compared to the IN Food industry average.

Cons

• Aspinwall's share price is below the future cash flow value, but not at a substantial discount (< 40%).
• Aspinwall is overvalued based on earnings compared to the IN Food industry average.
• Aspinwall is overvalued based on earnings compared to the India market.
• ASPINWALL underperformed the Food industry which returned 18.8% over the past year.
• ASPINWALL underperformed the Market in India which returned -14.5% over the past year.
• NSEI:ASPINWALL is up 2.7% underperforming the Food industry which returned 5% over the past month.
• NSEI:ASPINWALL is up 2.7% underperforming the market in India which returned 8% over the past month.