# Aberdeen Asian Income Fund Limited (AAIF.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 323p, market value 460 millionp.

## Valuation
- **P/E (trailing): 2.6×** (5-yr avg 1614.4×, 3-yr avg 1857.2×). Aberdeen Asian Income Fund Limited trades at 2.6× trailing earnings, well below its own five-year average of 1614.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 3.7×**. Each dollar of revenue is priced at 3.7×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.2×**. Enterprise value is 4.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 6.8%** (5-yr avg 0.0%). Free cash flow equals 6.8% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 38.7%**. The inverse of the P/E: 38.7% of the price is earned each year.

## Profitability
- **Gross margin: 97.1%**. Aberdeen Asian Income Fund Limited keeps 97.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 95.0%**. 95.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 89.3%**. 89.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.2%**. 18.2% on shareholders' equity is solid.
- **Return on invested capital: 26.9%**. Return on all capital, debt included, is 26.9%: comfortably above what that capital costs.
- **Return on assets: 24.2%**. Each dollar of assets produces 24.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 120.5%** (5-yr 10.3%/yr). Revenue grew 120.5% over the last year, against 10.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 142.9%** (5-yr 13.6%/yr). Earnings per share rose 142.9%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 8.5%/yr**. Free cash flow has compounded at 8.5% a year over three years.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: 9 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 6.85%** (0p per share, trailing). Aberdeen Asian Income Fund Limited yields 6.85%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 37%** (148% of free cash flow). 37% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 7**. 7 straight years of increases.
- **Dividend growth (5 yr): 14.9%/yr** (1-yr 56.0%). The dividend has compounded at 14.9% a year over five years, doubling roughly every 5 years at that pace.
- **Shareholder yield: 18.5%**. Dividends plus net buybacks return 18.5% of the market value a year.

## Price and momentum
- **Total return (1 yr): 33.1%** (YTD 22.0%, 3-mo -1.2%). The shares are up 33.1% over twelve months including dividends.
- **From 52-week high: -9.5%** (34.0% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.56** (volatility 22%). Beta of 0.56 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AAIF.L · Page: https://foliofundamentals.com/stocks/aaif.l

Not investment advice.