Equities

abrdn Australia Equity Fund Inc

abrdn Australia Equity Fund Inc

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FinancialsClosed End Investments
  • Price (USD)4.36
  • Today's Change0.040 / 0.93%
  • Shares traded9.28k
  • 1 Year change-1.58%
  • Beta1.1256
Data delayed at least 15 minutes, as of May 07 2024 16:30 BST.
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About the company

abrdn Australia Equity Fund, Inc. (Fund) is a non-diversified, closed-end management investment company. The Fund's principal investment objective is long-term capital appreciation through investment primarily in equity securities of Australian companies listed on the Australian Stock Exchange Limited (ASX). Its secondary objective is current income, which is expected to be derived primarily from dividends and interest on Australian corporate and governmental securities. The Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities, consisting of common stock, preferred stock and convertible stock, of Australian Companies. It invests in various sectors, such as financials, materials, healthcare, utilities, energy, real estate, consumer discretionary, Communication Services and consumer staples. The Fund’s investment manager is abrdn Asia Limited.

  • Revenue in USD (TTM)--
  • Net income in USD--
  • Incorporated1985
  • Employees--
  • Location
    abrdn Australia Equity Fund Inc1900 MARKET STREET, SUITE 200PHILADELPHIA 19103United StatesUSA
  • Phone+1 (215) 405-5700
  • Websitehttps://www.abrdniaf.com/
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Cartica Acquisition Corp0.006.38m111.00m--38.742.49----0.28750.28750.004.480.00------4.43--4.45--------------0.0056-------49.11------
CF Acquisition Corp VII0.002.91m111.44m--74.861.44----0.14480.14480.007.550.00------1.69--1.77--------------0.0549------4,338.85------
Perception Capital Corp III0.007.15m111.47m--60.062.9015.59--0.17860.17860.003.700.00------4.67--4.72--------------0.00-------16.46------
China Fund Inc2.43m10.10m112.20m--11.510.9336--46.200.96350.96350.242111.880.0201--5.78--8.385.248.495.4143.1139.81415.97384.31----0.0006196.7535.69-23.51108.53-----40.17
Constellation Acquisition Corp I0.00-360.46k112.41m----4.23-----0.014-0.0140.002.630.00-------0.1978---0.2021--------------0.0945-------102.80------
Compass Digital Acquisition Corp0.004.39m113.24m--84.142.10----0.12810.12810.005.140.00------3.22--3.24--------------0.004-------52.81------
High Income Securities Fund-100.00bn-100.00bn113.42m--------------------------------------------------------------
MFS High Income Municipal Trust10.24m2.45m113.49m--46.290.8989--11.080.07780.07780.32484.000.048--13.69--1.15-0.17881.16-0.18146.9661.4623.94-4.13--2.010.3922--5.73-5.80107.15-11.32---11.66
MV Oil Trust18.07m16.79m113.51m0.006.7620.80--6.281.461.461.570.47442.93------272.13148.83272.13148.83----92.9292.51----0.00100.00-33.581.05-34.230.5571--1.30
APx Acquisition Corp I0.006.06m113.65m--24.531.8518.75--0.46750.46750.006.190.00------5.03--5.05--------------0.002------675.52------
Bynordic Acquisition Corp0.003.41m114.58m--66.303.9533.63--0.16820.16820.002.820.00------3.07--3.18--------------0.1455------193.47------
OFS Credit Company Inc31.66m-2.11m114.83m----0.937--3.63-0.4779-0.47792.447.680.1798--49.21---1.20-1.17-1.21-1.2057.0053.01-6.65-7.25--0.8920.3282--17.07144.5786.10------
abrdn Australia Equity Fund, Inc-100.00bn-100.00bn114.99m--------------------------------------------------------------
Perception Capital Corp IV0.004.74m118.33m--52.932.73----0.21240.21240.004.110.00------3.25--3.27--------------0.0226-------65.78------
Corner Growth Acquisition Corp0.00-3.49m118.87m-----------0.3114-0.31140.00-0.77050.00-------34.14---61.55-----------------------119.73------
Data as of May 07 2024. Currency figures normalised to abrdn Australia Equity Fund Inc's reporting currency: US Dollar USD

Institutional shareholders

22.64%Per cent of shares held by top holders
HolderShares% Held
Allspring Global Investments LLCas of 31 Mar 20242.50m10.42%
1607 Capital Partners LLCas of 31 Dec 20231.81m7.54%
Cadaret, Grant & Co., Inc.as of 31 Dec 2023547.21k2.28%
Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Dec 2023196.27k0.82%
Osaic Wealth, Inc. (Investment Management)as of 31 Dec 202397.23k0.41%
LPL Financial LLCas of 31 Dec 202370.57k0.29%
Shaker Financial Services LLCas of 31 Dec 202364.00k0.27%
Landscape Capital Management LLCas of 31 Dec 202353.51k0.22%
City of London Investment Management Co. Ltd.as of 31 Dec 202347.19k0.20%
Wolverine Asset Management LLCas of 31 Dec 202345.49k0.19%
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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