AB Dynamics

ABDP.L

Auto - Parts · Consumer Cyclical

Exchange

London Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Feb 28, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Mixed

Stability

Data not available

Valuation

Data not available

Dividends

Good

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Winston Score History

The full picture

AB Dynamics is a UK company that builds testing equipment and software used to make cars safer. Its main products include robotic driving systems, vehicle simulators, and track testing tools. Car manufacturers, safety regulators, and research organizations around the world use its equipment to test how vehicles behave — including how well self-driving and driver-assistance systems work.

The company earns money by selling hardware systems and software licenses, with some recurring revenue from support and services. It operates globally, with customers across Europe, North America, and Asia, and generates roughly £60–70 million in annual revenue. Its moat comes from specialized technology and long-standing relationships with major automakers and test facilities, which are hard to replace quickly. The main risk right now is profitability — operating margins are negative, meaning the company is spending more than it earns from operations, and it will need to grow revenue or cut costs to return to sustainable profit.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-15.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-340.9% YoY

YoY Growth Rate

Earnings declining

Insider Activity

27.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

£43M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

AB Dynamics's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

57.4%

Premium pricing power — 57.4% gross margin

Profit after running costs

Operating Margin

-24.6%

Losing money on operations — -24.6%

Return on the money invested

ROCE

-2.5%

Weak — -2.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-9.8%

Shrinking sales (-9.8% YoY)

Profit growth

EPS YoY

-150.0%

Earnings shrinking (-150.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

18.4%

Converts sales into free cash efficiently (18.4%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

1.14%

no trend

Small dividend — 1.14% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+43.4%

no trend

Dividend growing fast (43.4% YoY)

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