# abrdn Income Credit Strategies Fund (ACP) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $4.95, market value $621 million.

## Valuation
- **P/E (trailing): 7.5×** (5-yr avg 3.7×, 3-yr avg 3.7×). abrdn Income Credit Strategies Fund trades at 7.5× trailing earnings, well above its own five-year average of 3.7×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 14.6×**. Each dollar of revenue is priced at 14.6×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 16.0%** (5-yr avg 14.7%). Free cash flow equals 16.0% of the market value, in line with its five-year average of 14.7%. Above 5% is generally attractive.
- **Earnings yield: 13.3%**. The inverse of the P/E: 13.3% of the price is earned each year.

## Profitability
- **Net margin: 95.5%**. 95.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.5%**. 5.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 3.8%**. Each dollar of assets produces 3.8% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -46.5%**. Revenue fell 46.5% over the last year.
- **Free-cash-flow growth (3 yr): 27.1%/yr**. Free cash flow has compounded at 27.1% a year over three years.

## Financial health
- **Cash and short-term investments: $688,421**. 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: 18.79%** ($0.93 per share, trailing). abrdn Income Credit Strategies Fund yields 18.79%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 300%** (122% of free cash flow). The dividend exceeds earnings (300% payout), which is rarely sustainable outside REITs and one-off years.
- **Dividend growth (5 yr): -6.8%/yr** (1-yr -20.5%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): -1.6%** (YTD 1.3%, 3-mo -2.1%). The shares are down 1.6% over twelve months including dividends.
- **From 52-week high: -16.7%** (0.0% above the low). Trading 17% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 0.44** (volatility 13%). Beta of 0.44 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ACP · Page: https://foliofundamentals.com/stocks/acp

Not investment advice.