Abrdn Asia-Pacific Income Fund VCC (FAP) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 7.29%
• Average Volume (3M): 74.06K
• Price to Earnings (P/E): 19.9
• Beta (1Y): 0.10
• Revenue Growth: -77.10%
• EPS Growth: -53.55%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Income
• EPS (TTM): -0.04
• Shares Outstanding: 33,295,277
• 10 Day Avg. Volume: 42,594
• 30 Day Avg. Volume: 74,057
• PEG Ratio: -0.35
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 5.45
• P/FCF Ratio: 4.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ―

Abrdn Asia-Pacific Income Fund VCC's overall score is driven by a strong valuation, highlighted by an attractive P/E ratio and high dividend yield, making it appealing for value and income investors. Financially, while the company benefits from strong equity and improved profitability, challenges persist with declining revenues and cash flow from operations. Technical indicators suggest a lack of clear momentum with potential oversold conditions.

Positive Factors

Improved Profitability

Improved profitability reflects better cost management and operational efficiency, which can support sustainable growth and enhance shareholder value over the long term.

High Dividend Yield

A high dividend yield indicates the company's commitment to returning value to shareholders, making it appealing to income-focused investors and supporting long-term investment stability.

Strong Equity Position

A strong equity position with no debt enhances financial stability, providing the company with flexibility to invest in growth opportunities without the burden of interest obligations.

Negative Factors

Potential Redemption Impact

Removing the redemption cap could lead to significant redemptions, impacting the fund's stability and economic viability if a large number of shareholders choose to exit.

Operational Cash Flow Challenges

Zero operating cash flow raises concerns about the company's ability to generate cash from core operations, which is crucial for funding ongoing activities and investments.

Declining Revenues

Declining revenues can indicate challenges in maintaining market share or product demand, potentially impacting long-term growth prospects and financial performance.

Abrdn Asia-Pacific Income Fund VCC Business Overview & Revenue Model

Company Description

abrdn Asia-Pacific Income Fund VCC. The firm’s objective is to obtain current income and achieve incidental capital appreciation from investment in long-term debt securities. The company was founded on 15 April 1986 and headquartered in Singapore.

How the Company Makes Money

The company makes money primarily through management fees and investment income. Management fees are charged to investors based on a percentage of the assets under management, providing a consistent revenue stream. Additionally, the fund generates income from interest payments on the debt securities in its portfolio, which can include government bonds, corporate bonds, and other fixed-income instruments. The fund may also benefit from capital appreciation if the value of its investments increases. Key factors contributing to its earnings include its expertise in managing a diversified portfolio and its ability to identify high-yield opportunities in the Asia-Pacific region.

Abrdn Asia-Pacific Income Fund VCC Financial Statement Overview

Summary

Abrdn Asia-Pacific Income Fund VCC exhibits a mixed financial performance. Strong equity and improved profitability provide a solid foundation, yet declining revenues and operational cash flow challenges may pose risks. The company should focus on enhancing operating efficiency and stabilizing revenue streams to strengthen its financial position.

Income Statement

The income statement shows considerable fluctuations in revenue and profitability. The company posted positive net income in the latest year but experienced a significant drop in total revenue compared to the previous year. Net profit margin improved to a positive 90.45% from a negative past, indicating better cost management despite shrinking revenues. However, the EBIT margin is negative, suggesting operational challenges.

Balance Sheet

The balance sheet reflects a strong equity position with no debt, significantly improving the debt-to-equity ratio. The equity ratio is 68.34%, indicating a solid capital structure. However, the overall asset base has been declining, which might affect future growth potential if not addressed.

Cash Flow

The cash flow statement shows positive free cash flow with substantial growth, aiding financial flexibility. However, the operating cash flow was zero in the latest report, raising concerns about the sustainability of cash generation from core operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.34M	20.58M	7.63M	-21.39M	-6.97M	2.21M
Gross Profit	4.34M	16.91M	20.54M	-22.95M	-6.97M	-7.75M
EBITDA	0.00	15.30M	6.17M	-23.01M	0.00	-9.60M
Net Income	1.96M	15.30M	20.66M	-25.09M	-7.18M	-11.70M
Balance Sheet
Total Assets	150.45M	176.57M	187.36M	188.55M	261.94M	284.70M
Cash, Cash Equivalents and Short-Term Investments	12.30M	3.88M	9.37M	1.35M	14.64M	6.87M
Total Debt	45.03M	53.11M	54.97M	56.74M	74.12M	73.85M
Total Liabilities	47.01M	55.95M	60.77M	58.89M	77.60M	79.47M
Stockholders Equity	103.44M	120.62M	126.59M	129.67M	184.34M	205.22M
Cash Flow
Free Cash Flow	32.67M	23.14M	30.04M	39.73M	11.78M	38.15M
Operating Cash Flow	32.67M	23.14M	30.04M	39.73M	11.78M	38.15M
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	-53.17M	-23.35M	-26.94M	-52.85M	-4.15M	-45.28M

Abrdn Asia-Pacific Income Fund VCC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FAP, the sentiment is Negative. The current price of 2.8 is below the 20-day moving average (MA) of 2.84, below the 50-day MA of 2.86, and below the 200-day MA of 2.84, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.64 is Neutral, neither overbought nor oversold. The STOCH value of 75.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FAP.

Abrdn Asia-Pacific Income Fund VCC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNC	79 Outperform	―	5.26	14.47%	12.97%	79.03%	-26.89%
BGI.UN	74 Outperform	―	4.96	32.72%	7.79%	-14.09%	224.31%
CGI	73 Outperform	―	5.58	13.41%	2.31%	-54.55%	13.99%
LFE	73 Outperform	―	2.55	61.60%	16.43%	-0.82%	149.20%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FAP	64 Neutral	―	19.90	4.72%	7.29%	-77.10%	-53.55%

Abrdn Asia-Pacific Income Fund VCC Corporate Events

abrdn Asia-Pacific Income Fund VCC Skips 2026 Cash Redemption as Discount Trigger Not Met

abrdn Asia-Pacific Income Fund VCC will not conduct a voluntary cash redemption of shares in 2026 because the fund’s average trading discount of 9.08% to net asset value over the 12 months ended December 31, 2025, did not exceed the 12% threshold required to trigger its annual redemption feature. The decision means existing capital will remain in the fund, preserving its current structure and investment capacity at a time when management sees Asia-Pacific fixed income markets as offering attractive, diversified income opportunities underpinned by solid economic fundamentals, disciplined fiscal and monetary policies, and growing domestic demand for bonds that may help reduce market volatility.

abrdn Asia-Pacific Income Fund VCC Announces January 2026 Distribution

abrdn Asia-Pacific Income Fund VCC announced a monthly distribution of CAD 1.75 cents per share, payable on January 12, 2026, to shareholders of record as of December 31, 2025. The company emphasizes maintaining stable distributions, although it notes that the source of these distributions is subject to change based on the company’s financial performance and tax regulations. The announcement highlights the potential for shares to trade at a premium or discount to net asset value, impacting shareholder returns.

abrdn Asia-Pacific Income Fund VCC Announces November Distribution

abrdn Asia-Pacific Income Fund VCC has announced a monthly distribution of CAD 1.75 cents per share, payable on November 28, 2025, to shareholders of record as of November 21, 2025. The company emphasizes maintaining stable monthly distributions, with a total of CAD 21.0 cents per share distributed over the past year. As a Singapore-domiciled entity, its distributions are treated as foreign income for Canadian tax purposes. The announcement highlights the potential for shares to trade at a premium or discount to net asset value, impacting shareholder returns.

abrdn Asia-Pacific Income Fund VCC Declares October Distribution

abrdn Asia-Pacific Income Fund VCC announced a monthly distribution of CAD 1.75 cents per share, payable on October 31, 2025, to shareholders of record as of October 24, 2025. The company’s board aims to maintain stable distributions, with total payments amounting to CAD 21.0 cents per share over the past year. Distributions are treated as foreign income for Canadian tax purposes, and the final tax reporting will be provided in February 2026. The announcement underscores the company’s commitment to providing consistent returns despite potential fluctuations in investment performance and market value.