Advanced Braking Technology Limited (ABV)
Views and News
A fully enclosed vehicle brake for use in rugged environments
Advanced Braking Technology Ltd (ABV) is engaged in the design, manufacture and distribution of vehicle braking systems using its patented technology, Sealed Integrated Braking System (SIBS).
Successfully used by large and small Australian mining companies in tough conditions over several years, the SIBS system has been customised for garbage truck use, where constant starting and stopping requires frequent brake pad renewals. ABV's system has been trialled and now operates successfully on garbage trucks in Perth and a ramp-up of sales and manufacture is under way in late 2013. If the wider response by councils is as expected, the Australian and international market potential is very large.
Recent News Highlights
As at 24/01/2012 : see details at www.advancedbraking.com
| 22/12/2011 |
Half-yearly Performance & Estimates - ABV
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 6.7 | 3.3 | 6.3 | 2.6 | 6.0 | 0.00 | 0.00 |
| EBITDA, $m | 0.40 | -0.09 | 0.37 | -0.54 | -0.30 | 0.00 | 0.00 |
| EBIT, $m | 0.03 | -0.29 | -0.05 | -0.77 | -0.87 | 0.00 | 0.00 |
| Report NPAT, $m | 0.41 | -0.06 | -0.12 | -0.80 | -0.92 | ||
| Adj. NPAT, $m | -0.92 | 0.00 | 0.00 | ||||
| Reported EPS, ¢ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Adjusted EPS, ¢ | 0.00 | 0.00 | 0.00 | ||||
| EPS %FY/Growth | ****% | ****% | ****% | ****% | ****% | ****% | |
| Dividend, ¢ | 0 | 0 | 0 | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - | - | - | |
| EBITDA Margin | 6% | 0 | 6% | -21% | -5% | ******% | ******% |
| NPAT Margin | 6% | 0 | -2% | -32% | -15% | ******% | ******% |
| ROE, % | 5% | 0 | -1% | -9 | -10% | ||
| EBIT/Interest | -0.5 | 0.0 | -0.7 | -28.63 | -16.69 | ||
| Net Debt / Equity | -0.33 | 0 | -0.26 | -0.15 | -0.06 | ||
| CashFlow/Sh, ¢ | 0.0 | 0.0 | 0.0 | -27.0 | -62.0 | 0.00 | 0.00 |
| Y/E Shares, m | 961.4 | 961.4 | 1,88 | 1,106 | 1,106 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Half-yearly Performance & Estimates - ABV
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 6.7 | 3.3 | 6.3 | 2.6 | 6.0 | 0.00 | 0.00 |
| EBITDA, $m | 0.40 | -0.09 | 0.37 | -0.54 | -0.30 | 0.00 | 0.00 |
| EBIT, $m | 0.03 | -0.29 | -0.05 | -0.77 | -0.87 | 0.00 | 0.00 |
| Report NPAT, $m | 0.41 | -0.06 | -0.12 | -0.80 | -0.92 | ||
| Adj. NPAT, $m | -0.92 | 0.00 | 0.00 | ||||
| Reported EPS, ¢ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Adjusted EPS, ¢ | 0.00 | 0.00 | 0.00 | ||||
| EPS %FY/Growth | ****% | ****% | ****% | ****% | ****% | ****% | |
| Dividend, ¢ | 0 | 0 | 0 | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - | - | - | |
| EBITDA Margin | 6% | 0 | 6% | -21% | -5% | ******% | ******% |
| NPAT Margin | 6% | 0 | -2% | -32% | -15% | ******% | ******% |
| ROE, % | 5% | 0 | -1% | -9 | -10% | ||
| EBIT/Interest | -0.5 | 0.0 | -0.7 | -28.63 | -16.69 | ||
| Net Debt / Equity | -0.33 | 0 | -0.26 | -0.15 | -0.06 | ||
| CashFlow/Sh, ¢ | 0.0 | 0.0 | 0.0 | -27.0 | -62.0 | 0.00 | 0.00 |
| Y/E Shares, m | 961.4 | 961.4 | 1,88 | 1,106 | 1,106 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Half-yearly Performance & Estimates - ABV
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 6.7 | 3.3 | 6.3 | 2.6 | 6.0 | 0.00 | 0.00 |
| EBITDA, $m | 0.40 | -0.09 | 0.37 | -0.54 | -0.30 | 0.00 | 0.00 |
| EBIT, $m | 0.03 | -0.29 | -0.05 | -0.77 | -0.87 | 0.00 | 0.00 |
| Report NPAT, $m | 0.41 | -0.06 | -0.12 | -0.80 | -0.92 | ||
| Adj. NPAT, $m | -0.92 | 0.00 | 0.00 | ||||
| Reported EPS, ¢ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Adjusted EPS, ¢ | 0.00 | 0.00 | 0.00 | ||||
| EPS %FY/Growth | ****% | ****% | ****% | ****% | ****% | ****% | |
| Dividend, ¢ | 0 | 0 | 0 | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - | - | - | |
| EBITDA Margin | 6% | 0 | 6% | -21% | -5% | ******% | ******% |
| NPAT Margin | 6% | 0 | -2% | -32% | -15% | ******% | ******% |
| ROE, % | 5% | 0 | -1% | -9 | -10% | ||
| EBIT/Interest | -0.5 | 0.0 | -0.7 | -28.63 | -16.69 | ||
| Net Debt / Equity | -0.33 | 0 | -0.26 | -0.15 | -0.06 | ||
| CashFlow/Sh, ¢ | 0.0 | 0.0 | 0.0 | -27.0 | -62.0 | 0.00 | 0.00 |
| Y/E Shares, m | 961.4 | 961.4 | 1,88 | 1,106 | 1,106 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Half-yearly Performance & Estimates - ABV
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 6.7 | 3.3 | 6.3 | 2.6 | 6.0 | 0.00 | 0.00 |
| EBITDA, $m | 0.40 | -0.09 | 0.37 | -0.54 | -0.30 | 0.00 | 0.00 |
| EBIT, $m | 0.03 | -0.29 | -0.05 | -0.77 | -0.87 | 0.00 | 0.00 |
| Report NPAT, $m | 0.41 | -0.06 | -0.12 | -0.80 | -0.92 | ||
| Adj. NPAT, $m | -0.92 | 0.00 | 0.00 | ||||
| Reported EPS, ¢ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Adjusted EPS, ¢ | 0.00 | 0.00 | 0.00 | ||||
| EPS %FY/Growth | ****% | ****% | ****% | ****% | ****% | ****% | |
| Dividend, ¢ | 0 | 0 | 0 | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - | - | - | - |
| EBITDA Margin | 6% | 0 | 6% | -21% | -5% | ******% | ******% |
| NPAT Margin | 6% | 0 | -2% | -32% | -15% | ******% | ******% |
| ROE, % | 5% | 0 | -1% | -9 | -10% | ||
| EBIT/Interest | -0.5 | 0.0 | -0.7 | -28.63 | -16.69 | ||
| Net Debt / Equity | -0.33 | 0 | -0.26 | -0.15 | -0.06 | ||
| CashFlow/Sh, ¢ | 0.0 | 0.0 | 0.0 | -27.0 | -62.0 | 0.00 | 0.00 |
| Y/E Shares, m | 961.4 | 961.4 | 1,88 | 1,106 | 1,106 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Half-yearly Performance & Estimates - ABV
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 6.7 | 3.3 | 6.3 | 2.6 | 6.0 | 0.00 | 0.00 |
| EBITDA, $m | 0.40 | -0.09 | 0.37 | -0.54 | -0.30 | 0.00 | 0.00 |
| EBIT, $m | 0.03 | -0.29 | -0.05 | -0.77 | -0.87 | 0.00 | 0.00 |
| Report NPAT, $m | 0.41 | -0.06 | -0.12 | -0.80 | -0.92 | ||
| Adj. NPAT, $m | -0.92 | 0.00 | 0.00 | ||||
| Reported EPS, ¢ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Adjusted EPS, ¢ | 0.00 | 0.00 | 0.00 | ||||
| EPS %FY/Growth | ****% | ****% | ****% | ****% | ****% | ****% | |
| Dividend, ¢ | 0 | 0 | 0 | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - | - | - | - |
| EBITDA Margin | 6% | 0 | 6% | -21% | -5% | ******% | ******% |
| NPAT Margin | 6% | 0 | -2% | -32% | -15% | ******% | ******% |
| ROE, % | 5% | 0 | -1% | -9 | -10% | ||
| EBIT/Interest | -0.5 | 0.0 | -0.7 | -28.63 | -16.69 | ||
| Net Debt / Equity | -0.33 | 0 | -0.26 | -0.15 | -0.06 | ||
| CashFlow/Sh, ¢ | 0.0 | 0.0 | 0.0 | -27.0 | -62.0 | 0.00 | 0.00 |
| Y/E Shares, m | 961.4 | 961.4 | 1,88 | 1,106 | 1,106 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Company Overview
ABV develops innovative braking systems, its main product being the Sealed Integrated Braking System (SIBS®), a comprehensively patented Australian invention, now used widely in light commercial vehicles in the mining industry.
SIBS® is a fully enclosed, single rotor, high speed wet brake. The brake rotor runs in a bath of oil that serves to cool the brake and minimise wear. As a result, the brakes are virtually wear and maintenance free and may outlast the vehicles they are fitted to, unlike conventional drum and disc brakes. SIBS® brakes deliver better safety, improved productivity and lower operating costs, and are engineered to survive harsh conditions.
The proven technology is environmentally friendly, eliminating brake dust emissions and noise and squealing, and provides benefits for on-road, off-road and industrial applications in terms of safety, reliability, performance and adaptability.
Following the success of the product in the mining sector, ABV moved into the waste disposal sector, developing its technology into an innovative garbage truck braking system. The newly commercialised SIBS® Truck Brake is also being considered for use in trailers and other larger vehicle, high use applications.
Based in Perth, Western Australia, ABV has a manufacturing plant in Thailand, worldwide patents on its technology and a reseller network.
Profile
Advanced Braking Technology
Rating:
Category: ;
Action:
Website: www.advancedbraking.com
| ASX code: | ABV |
| Closing Price, 20/06/14: | $ 0.007 |
| Market Capitalisation: | $ 8.9 million |
| 52 Week High: | $ 0.018 |
| 52 Week Low: | $ 0.006 |
| Sector: | Automobiles & Components |
| Index: | S&P/ASX Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | -0.12 | -0.92 | 0.0 | 0.0 |
| Reported EPS, ¢ | 0.00 | 0.00 | ||
| Adjusted EPS, ¢ | 0.00 | 0.00 | 0.00 | |
| EPS Growth, % | **********% | |||
| P/E Ratio, x | ||||
| Dividend, ¢ | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - |
| Div. Yield, % | 0.00 | 0.00 | 0.00 | 0.00 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 23 June 2014
Other Highlights
| Sector: | Automobiles & Components |
| Return on Equity, FY13 : | -10% |
| Net Debt to Equity, FY13 : | -6 % |
| EBIT / Interest Cover, FY13 : | -16.69 x |
| Gicscode: | 25100000 |
| First Listed: | 28-May-02 |
Business Activities
Advanced Braking Technology Ltd (ABV) is engaged in the design, manufacture and distribution of vehicle braking systems using its patented technology, Sealed Integrated Braking System (SIBS). The Company’s manufacturing and assembly operations
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |