abrdn Asian Income Fund Limited
Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited. It is managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity and fixed income markets of the Asia Pacific Region. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks … Read more
abrdn Asian Income Fund Limited (AAIF) - Net Assets
Latest net assets as of June 2025: GBX355.59 Million GBX
Based on the latest financial reports, abrdn Asian Income Fund Limited (AAIF) has net assets worth GBX355.59 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX387.94 Million) and total liabilities (GBX32.35 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX355.59 Million |
| % of Total Assets | 91.66% |
| Annual Growth Rate | 6.42% |
| 5-Year Change | -12.42% |
| 10-Year Change | 14.71% |
| Growth Volatility | 15.27 |
abrdn Asian Income Fund Limited - Net Assets Trend (2006–2024)
This chart illustrates how abrdn Asian Income Fund Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for abrdn Asian Income Fund Limited (2006–2024)
The table below shows the annual net assets of abrdn Asian Income Fund Limited from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX377.89 Million | -5.26% |
| 2023-12-31 | GBX398.87 Million | -3.53% |
| 2022-12-31 | GBX413.45 Million | -8.28% |
| 2021-12-31 | GBX450.79 Million | +4.48% |
| 2020-12-31 | GBX431.48 Million | +6.96% |
| 2019-12-31 | GBX403.40 Million | +5.55% |
| 2018-12-31 | GBX382.20 Million | -11.50% |
| 2017-12-31 | GBX431.87 Million | +9.05% |
| 2016-12-31 | GBX396.03 Million | +20.22% |
| 2015-12-31 | GBX329.43 Million | -14.40% |
| 2014-12-31 | GBX384.87 Million | +3.71% |
| 2013-12-31 | GBX371.12 Million | +19.22% |
| 2012-12-31 | GBX311.29 Million | +34.21% |
| 2011-12-31 | GBX231.95 Million | +11.43% |
| 2010-12-31 | GBX208.15 Million | +34.82% |
| 2009-12-31 | GBX154.40 Million | +31.82% |
| 2008-12-31 | GBX117.13 Million | -13.14% |
| 2007-12-31 | GBX134.84 Million | +9.30% |
| 2006-12-31 | GBX123.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to abrdn Asian Income Fund Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 304.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX13.68 Million | 3.62% |
| Common Stock | GBX194.93 Million | 51.58% |
| Other Comprehensive Income | GBX169.28 Million | 44.80% |
| Total Equity | GBX377.89 Million | 100.00% |
abrdn Asian Income Fund Limited Competitors by Market Cap
The table below lists competitors of abrdn Asian Income Fund Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UNITED BANK FOR AFRICA PLC
XNSA:UBA
|
$315.71 |
|
ODIN Investments
EGX:ODIN
|
$315.84 |
|
JRC Group S.A.
WAR:JRC
|
$316.02 |
|
Delta CleanTech Inc
PINK:DCTIF
|
$316.24 |
|
AIQ Ltd
LSE:AIQ
|
$315.18 |
|
HYDRACT A/S DK -10
F:8X3
|
$315.10 |
|
MDK Acquisition Inc.
V:MDK-P
|
$314.61 |
|
Green Mining Innovation Inc.
V:GMI
|
$314.47 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in abrdn Asian Income Fund Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 398,868,000 to 377,895,000, a change of -20,973,000 (-5.3%).
- Net income of 34,212,000 contributed positively to equity growth.
- Dividend payments of 19,212,000 reduced retained earnings.
- Share repurchases of 35,973,000 reduced equity.
- Other comprehensive income increased equity by 167,722,000.
- Other factors decreased equity by 167,722,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX34.21 Million | +9.05% |
| Dividends Paid | GBX19.21 Million | -5.08% |
| Share Repurchases | GBX35.97 Million | -9.52% |
| Other Comprehensive Income | GBX167.72 Million | +44.38% |
| Other Changes | GBX-167.72 Million | -44.38% |
| Total Change | GBX- | -5.26% |
Book Value vs Market Value Analysis
This analysis compares abrdn Asian Income Fund Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 119.25x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 252.33x to 119.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | GBX1.12 | GBX283.00 | x |
| 2007-12-31 | GBX1.23 | GBX283.00 | x |
| 2008-12-31 | GBX1.08 | GBX283.00 | x |
| 2009-12-31 | GBX1.42 | GBX283.00 | x |
| 2010-12-31 | GBX1.77 | GBX283.00 | x |
| 2011-12-31 | GBX1.75 | GBX283.00 | x |
| 2012-12-31 | GBX2.09 | GBX283.00 | x |
| 2013-12-31 | GBX2.00 | GBX283.00 | x |
| 2014-12-31 | GBX1.98 | GBX283.00 | x |
| 2015-12-31 | GBX1.69 | GBX283.00 | x |
| 2016-12-31 | GBX2.09 | GBX283.00 | x |
| 2017-12-31 | GBX2.34 | GBX283.00 | x |
| 2018-12-31 | GBX2.11 | GBX283.00 | x |
| 2019-12-31 | GBX2.27 | GBX283.00 | x |
| 2020-12-31 | GBX2.44 | GBX283.00 | x |
| 2021-12-31 | GBX2.58 | GBX283.00 | x |
| 2022-12-31 | GBX2.43 | GBX283.00 | x |
| 2023-12-31 | GBX2.36 | GBX283.00 | x |
| 2024-12-31 | GBX2.37 | GBX283.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently abrdn Asian Income Fund Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.05%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 91.06%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.10x
- Recent ROE (9.05%) is above the historical average (8.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 11.99% | 85.14% | 0.12x | 1.13x | GBX2.45 Million |
| 2007 | 12.81% | 86.35% | 0.13x | 1.12x | GBX3.79 Million |
| 2008 | -10.03% | 0.00% | -0.08x | 1.14x | GBX-23.46 Million |
| 2009 | 26.46% | 97.66% | 0.25x | 1.07x | GBX25.42 Million |
| 2010 | 23.61% | 97.43% | 0.23x | 1.05x | GBX28.33 Million |
| 2011 | 1.88% | 76.95% | 0.02x | 1.05x | GBX-18.84 Million |
| 2012 | 23.00% | 98.07% | 0.19x | 1.24x | GBX40.48 Million |
| 2013 | -2.98% | 0.00% | -0.02x | 1.04x | GBX-48.17 Million |
| 2014 | 7.14% | 94.02% | 0.07x | 1.08x | GBX-11.00 Million |
| 2015 | -11.14% | 0.00% | -0.09x | 1.12x | GBX-69.66 Million |
| 2016 | 23.45% | 97.80% | 0.22x | 1.10x | GBX53.27 Million |
| 2017 | 14.17% | 96.27% | 0.14x | 1.08x | GBX18.01 Million |
| 2018 | -6.24% | 0.00% | -0.05x | 1.10x | GBX-62.07 Million |
| 2019 | 9.84% | 94.10% | 0.10x | 1.09x | GBX-643.30K |
| 2020 | 11.10% | 94.29% | 0.11x | 1.09x | GBX4.73 Million |
| 2021 | 10.05% | 92.14% | 0.10x | 1.11x | GBX232.00K |
| 2022 | -4.13% | 0.00% | -0.02x | 1.10x | GBX-58.41 Million |
| 2023 | 2.19% | 56.07% | 0.04x | 1.09x | GBX-31.14 Million |
| 2024 | 9.05% | 91.06% | 0.09x | 1.10x | GBX-3.58 Million |
Industry Comparison
This section compares abrdn Asian Income Fund Limited's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $391,719,000
- Average return on equity (ROE) among peers: -92.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| abrdn Asian Income Fund Limited (AAIF) | GBX355.59 Million | 11.99% | 0.09x | $315.37 |
| 3I Infrastructure PLC (3IN) | $1.09 Billion | 8.57% | 0.18x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| Abrdn Asia Focus PLC (AAS) | $464.40 Million | -2.37% | 0.15x | $434.78 |
| Albion Technology & General VCT PLC (AATG) | $34.46 Million | 4.41% | 0.01x | $78.71 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $492.42 Million | 0.00% | 0.32x | $16.61 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $320.23 Million | -9.29% | 0.00x | $2.45K |
| Artemis UK Future Leaders plc (AFL) | $84.35 Million | -40.52% | 0.02x | $401.26 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.83 Million |