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Franchise Group 배당 및 자사주 매입
배당 기준 점검 2/6
Franchise Group 은(는) 현재 수익률이 8.37% 인 배당금 지급 회사입니다.
핵심 정보
8.4%
배당 수익률
17.4%
자사주 매입 수익률
| 총 주주 수익률 | 25.7% |
| 미래 배당 수익률 | 8.4% |
| 배당 성장률 | 25.3% |
| 다음 배당 지급일 | n/a |
| 배당락일 | n/a |
| 주당 배당금 | n/a |
| 배당 성향 | -32% |
최근 배당 및 자사주 매입 업데이트
분석 기사 • Mar 21
Franchise Group's (NASDAQ:FRG) Dividend Will Be $0.625
The board of Franchise Group, Inc. ( NASDAQ:FRG ) has announced that it will pay a dividend of $0.625 per share on the...분석 기사 • Mar 04
Franchise Group (NASDAQ:FRG) Has Announced A Dividend Of $0.625
Franchise Group, Inc. ( NASDAQ:FRG ) has announced that it will pay a dividend of $0.625 per share on the 14th of...Recent updates
분석 기사 • Mar 21
Franchise Group's (NASDAQ:FRG) Dividend Will Be $0.625
The board of Franchise Group, Inc. ( NASDAQ:FRG ) has announced that it will pay a dividend of $0.625 per share on the...분석 기사 • Mar 04
Franchise Group (NASDAQ:FRG) Has Announced A Dividend Of $0.625
Franchise Group, Inc. ( NASDAQ:FRG ) has announced that it will pay a dividend of $0.625 per share on the 14th of...분석 기사 • Feb 20
Is Franchise Group, Inc. (NASDAQ:FRG) Trading At A 45% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Franchise Group fair value estimate is US$55.01 Current share...분석 기사 • Jan 17
Does Franchise Group (NASDAQ:FRG) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Dec 17
If EPS Growth Is Important To You, Franchise Group (NASDAQ:FRG) Presents An Opportunity
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...분석 기사 • Nov 21
Market Cool On Franchise Group, Inc.'s (NASDAQ:FRG) Earnings
There wouldn't be many who think Franchise Group, Inc.'s ( NASDAQ:FRG ) price-to-earnings (or "P/E") ratio of 13x is...분석 기사 • Oct 12
These 4 Measures Indicate That Franchise Group (NASDAQ:FRG) Is Using Debt Extensively
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Sep 26
Should You Think About Buying Franchise Group, Inc. (NASDAQ:FRG) Now?
While Franchise Group, Inc. ( NASDAQ:FRG ) might not be the most widely known stock at the moment, it saw significant...Seeking Alpha • Sep 01
Franchise Group Is My #1 Recommendation - Here's Why
Summary Franchise Group: superbly managed, strong organic growth, moderate leverage, stellar M&A track record, huge buyback in place. I estimate a $5 dividend and $10+ FCF/share in 2024. The home furnishings segment, about 40% of the company's EBITDA, has been hit hard in 2022 by macroeconomic issues. The other business segments are growing nicely. Past M&A performance has earned the company access to third party financing. More M&A is likely coming as the company seeks to take advantage of the current distressed landscape. The stock is down ~35% as supply chain and other macro issues have hit the company's home furnishings segment hard in 2022, prompting a 13.5% cut to 2022 EBITDA guidance. FCF has been negative in 1H 2022, despite still strong EBITDA, due to a large build in working capital. This working capital build will reverse, and become a source of cash over the next 12 months. Franchise Group (FRG) is my largest holding. I've written about it before, so if you want you can check it out, starting with my first article. Their Q2 2022 investor presentation may also be worth a look, as is the Q2 2022 earnings transcript. FRG consists of health retailer The Vitamin Shoppe [TVS]; rent-to-own retailer Buddy's; warehouse-style appliance, mattress, and furniture retailer American Freight [AF]; pet store operator Pet Supplies Plus [PSP]; educational services company Sylvan Learning; and furniture retailer W.S. Badcock. Current management took the reins in 2019, and transformed the company from a troubled tax preparer into a growing, cash flowing retail powerhouse, through a series of spectacular acquisitions. EBITDA per share is up 3x as a result. The company has a policy of returning 25% of EBITDA to shareholders as dividends, and the dividend currently stands at $2.50, a yield of just under 8% as I write this. FRG is run by its excellent founder and CEO, Brian Kahn. Brian comes from a private equity background, and owns about 27% of the shares. He is well aligned with shareholders. The company made a bold attempt to buy much larger Kohl's (KSS), receiving strong support from lenders. Ultimately Kohl's management rejected the $53/share offer, preferring their current $28 share price instead. FRG is almost certainly once again on the hunt for more acquisitions, but it has also authorized a $500 million buyback, enough to repurchase roughly 40% of the outstanding shares at the current price of ~$33. 2022 off to a rough start FRG guided in December 2021 for 2022 EBITDA of $450 million and $5/share of non-GAAP EPS. While most business segments are on track, the discount home furnishings segment American Freight is suffering from cost inflation and a severe reduction in consumer demand, causing the company to reduce 2022 guidance to $390 million EBITDA and non-GAAP EPS to $4. FCF/share has been ~($0.80) so far in 2022, despite the strong 1H EBITDA. This is largely due to a ~$150 million inventory build, up 22.5% from YE 2021. With flat working capital, FCF/share in the first six months would have been ~$2.70. While it's tempting to look through working capital fluctuations as short term and likely to reverse, it's nevertheless not a good look to run negative FCF. The rational bear thesis While general pessimism about inflation, the economy, and especially retailers, have all played a role in the recent share price decline at FRG, I want to start by spending some time stating the bear case aside from those factors. Bears might be looking at 2H 2022 EBITDA guidance and annualizing for 2023. With $215 million so far, the new guidance implies $175 million in 2H. Annualizing this would imply $350M EBITDA in 2023, meaningfully lower than the already reduced $390 million now expected in 2022. FCF has been negative so far in 2022 even with $215 million of EBITDA. This is due to the large build in working capital I referenced earlier. Net debt is now $1.1 billion. Pro-forma for a bear view on 2023 EBITDA of $350 million, leverage would be 3.14x, which is above management's target of 2-3x. Bears might argue buybacks are off the table. If things worsen from the bear thesis $350 million EBITDA, then even the dividend could be cut. The driver could be a big recession, or a serious setback in one of the non-home furnishings segments Let's keep all this in mind as we plow ahead. FRG is a growth business 15 months ago, FRG issued EBITDA guidance for 2021 of $315 million. Net debt was just under $1.1 billion, and there were 40 million shares. In the recent Q2 earnings press release, FRG lowered 2022 guidance to $390 million. Net debt is still $1.1 billion, and the share count has increased to 41 million. I almost feel like I don't need to say anything more. The macro climate has been very hard on them, and they are cutting guidance, and everyone is disappointed about that. But $390 million is more than $315 million, so... Going forward, the company is poised for a great deal of organic growth across multiple segments. PSP just had its best EBITDA quarter ever. The segment has a 230 store backlog of franchisees, which would increase the store count by more than 35% above the 644 stores they operated at YE 2021. The company has identified a goal to exceed 1650 stores over time. PSP is on track for $105 million EBITDA in 2022. Extrapolating that to 1650 stores would take PSP EBITDA to $260 million. Probably the biggest organic driver will be American Freight, which is currently the most challenged segment. AF is actually a superb business, but it operates in the low end home furnishings space, which is extremely challenged right now. AF is on track for $40 million of EBITDA in 2022, well below the triple digits management probably expected at the beginning of the year, and this is almost certainly the primary driver of the guidance cut. Here's what CEO Brian Kahn had to say about it during the Q2 2022 earnings call: Product and freight costs within our home furnishing businesses are reducing margins. And food and energy inflation is taking a larger share of our lower income customer's wallet, which is reducing transaction volumes. This combination is meaningful. Although American Freight is emphatically expected to be a material contributor to FRG's long term growth, the impact of inflation this year is likely to result in approximately $100 million less EBITDA than what the current store base would be expected to generate in the steady state... we've got 370 stores going to 1300 stores... (Emphasis mine) This implies a steady state EBITDA for AF of $140 million based on the current 370 store count. However, that store count is expected to grow materially. A simple extrapolation suggests that EBITDA at AF may exceed $400 million at some point. Adding in the other segments, it's clear the current configuration of FRG has the potential to exceed $1 billion of EBITDA over time through basic block and tackle operations. It's definitely a growth business, even without M&A. A light at the end of the tunnel FRG consists three home furnishings segments, of which AF is the largest, and three other non home furnishings segments. The three in the "other" category are headed for a record year in 2022, on pace for $270 million of the $390 million EBITDA guidance, and they are expected to grow into 2023 and beyond. But what about home furnishings? CEO Brian Kahn had this to say on the Q2 2022 earnings call: American Freight is expected to generate approximately $200 million less revenue than planned, that revenue loss comes with roughly 30% EBITDA... the nearly $1 billion of revenue that American Freight will generate will come at a cost of over 500 basis points of excess... The math totals over $100 million of EBITDA impact at American Freight this year alone... we're just not going to increase prices, we're going to eat the cost increases that we have embedded in the inventory now. In that statement, we learn that the company believes the $110 million EBITDA hit at AF is split, with roughly $60 million due to lower revenue, and $50 million due to high costs that the company is electing not to pass on to the consumer. While demand is not yet recovering, there are some good signs on costs: The primary difference between the business climate today and the one we shared after the first quarter is that freight costs and home furnishing product costs have peaked. We're now ordering new inventory at lower product costs, and lower incoming freight costs. Some cost reductions are more material than others but generally we're headed in the right direction... supply and demand imbalance for products and human capital are both correcting in our favor, and we expect this trend to continue... We see costs coming down and in some cases, very significantly. We have one of our larger and better vendors, decreasing prices, product costs 30% to 40% in major categories. A full reset to normal prices would yield a $50 million EBITDA improvement at AF, even without a return to normal consumer demand, and this process appears to have at least begun. If it has, then FCF will begin to benefit immediately. However, whatever cost savings they may see now, they will not impact 2022 EBITDA due to the company's FIFO accounting. Kahn makes indirect reference to this: It will likely take the rest of this year to sell the older higher cost inventory through our system... I don't want to get into the details of FIFO accounting here, but lower costs today mean increased FCF now, and then both increased EBITDA and FCF once the high cost inventory is sold. This is a subtle point, but an important one. 2023 EBITDA guidance will benefit from whatever cost savings they are seeing right now. 2022 EBITDA guidance will not. Is American Freight recession resistant? It might very well be. The reason is that in a recession, costs go down, and middle class consumers tend to become customers at discount stores like AF. This is why discount businesses are recession resistant. It's not applicable now because costs are up, and the middle class is not distressed. Only low end consumers are being squeezed. Here's what Kahn had to say during the Q2 2022 earnings call: What you would typically see is in a recession, you would see the lower income customer, everybody, the jobless rate going up, unemployment is increasing. So you have a trade down, the higher income customer now becomes your customer and the lower income customer who you may lose is replaced, that's not really what's happening now. We're not seeing unemployment go up. What we're seeing is the low income customer having their wallet squeezed... the higher income customer, he or she is not losing their job. So they don't need to trade down. We do believe American Freight is recession resistant... unfortunately, it's not a recession. I think in a good old fashioned recession, you'll see American Freight perform very well... it's the best unit economics of all the brands that we have, right now. (Emphasis mine.) A quick word about net debt FRG has net debt of $1,112 million, as can be seen on page 21 of the company's Q2 2022 earnings presentation. This kind of thing is not normally a source of confusion, but in this case it has caused some. The reason is that FRG sold receivables acquired during the Badcock acquisition, some of which are still being counted, for now, as debt for accounting purposes. I'm not going to get into the weeds on it here, but ultimately the company will complete the transition to third party customer finance vendors Fortiva and America First Financial, and the issue will go away. In the meantime, the company has provided the correct net debt, adjusted for this issue, in the earnings deck I linked above. CFO Eric Seeton had this to say on the Q2 2022 earnings call: We are still in the process of transitioning consumer finance at Badcock from in-house to third party partners... the balance sheet continues to reflect securitization debt and accounts receivable despite most of the receivables having been sold to third parties. Once we discontinue originating customer loans... the related assets and liabilities will no longer be reported on our balance sheet. The company is expecting the issue to be cleared up by YE 2022. Timing aside, the issue will certainly be cleared up eventually, and the correct net debt number is $1,112 million. Answering the rational bear thesis The rational bear thesis is inherently short term in nature. If we believe in the growth inherent in the business segments, and the quality of management, one could argue that's much more important than what EBITDA might be over the next 12 months. Fair enough, but I think it should be answered anyway. I've already made the point that the higher costs facing AF have led to a big build in inventory, resulting in negative FCF in 1H 2022. Just having the same number of units at a higher price point will do that. And then these higher costs, along with reduced consumer demand for discount furniture, is responsible for a roughly $100 million reduction in EBITDA in 2022, with about half the effect attributable to each. On the recent call, Brian said that home furnishings costs, both product and shipping, were coming down, and in particular even referenced one of their "larger and better vendors" cutting costs 30-40%. But although the lower costs will begin benefitting FCF right away, the lower costs won't impact EBITDA until 2023 due to the company's FIFO accounting. This already challenges one of the main "rational bear" thesis points: using annualized 2H 2022 EBITDA as the basis for estimating 2023 EBITDA. Although the lower costs they are already seeing right now will be an important boost to 2023 EBITDA, they aren't included in 2022 EBITDA at all. A second point is that FRG is a seasonal business, with 2H slower than 1H. And finally, the non home furnishings segments are all growing right now, and are expected to continue that growth in 2023 and beyond. So for three clear cut reasons, simply annualizing 2H 2022 is not the right starting point to estimate 2023 EBITDA. Here's some arithmetic. Non-home furnishings in 2023 will be $285 million EBITDA. With no reduction in cost inflation, and no improvement in consumer demand, Buddy's and Badcock come in at ~$60 million between them, and AF is running at $40 million. Take away $10 million of corporate and we are at $375 million. If half the cost increases facing AF abate for 2023, EBITDA is at $400 million, while in a full recovery, including a rebound in consumer demand to normal pre-pandemic levels, the number is $140 million at AF and ~$100 million at Badcock and Buddy's, resulting in 2023 EBITDA of $515 million. My base case for 2023, not including M&A, is in that range, $400 to $500 million, with the latter only possible in a robust recovery, while the former is more likely if things just limp along at the current level. I've also argued that at least some of the inventory build is going to be a source of FCF in 2H 2022. This combination means that there will be plenty of cash for buybacks. Even at $400 million 2023 EBITDA guidance, and assuming 3x leverage, there's $100 million available from the balance sheet, plus any FCF not used for the dividend. The total available is likely to be at least $200 million, or enough to buy 15% of the outstanding shares by YE 2022 at the current price.분석 기사 • Aug 24
If EPS Growth Is Important To You, Franchise Group (NASDAQ:FRG) Presents An Opportunity
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Seeking Alpha • Aug 02
Franchise Group, Inc.: Massive Potential Cash Returns
Franchise Group currently pays out a large dividend that will continue to climb. A massive share buyback program was recently initiated. The asset-light business model allows for great shareholder returns. Like every investor should, I love when a company returns large amounts of cash back to the shareholders. One company is currently a major standout in this category, Franchise Group Inc. (FRG). With a massive 6.9% current yield, the potential for shareholder returns via dividend increases and share buybacks is phenomenal. I believe the company has room to substantially grow the dividend over the next several years on top of the attractive current yield. The Franchise Group Model FRG is led by a seasoned CEO in private equity who has now taken his strategy to the public markets. Using experience and influence as a public company, Franchise group strategically purchases undervalued companies with multiple locations and folds them into the larger company while maximizing returns. This plan is carried out by converting newly-purchased companies into franchises, a method in which the real estate is sold to another party and leased-back to liquidate the value locked in the physical properties and collect franchise royalty payments from the new franchisees. In doing so, the company has created an asset-light model that can easily scale its operations. An example of how FRG benefits from such a model is shown below. Franchise Model (Franchise Group Inc. 2022 Investor Presentation) Brian Kahn has successfully incorporated this strategy at Franchise Group, growing the company from a single holding to now holding 6 different companies under its umbrella. Strategically, Mr. Kahn has diversified the holdings across several industries and has capitalized on synergies across the operations of each of the companies. The backlog of locations pending a transition to the franchise model or becoming a new store has continued to pile up indicating a runway for sustainable profit growth. Franchise Backlog (Franchise Group Inc. 2022 Investor Presentation) The Dividend Those who have been invested in FRG over the past 18 months are extremely familiar with the huge dividend increases that have been sent their way. Growing from $1.00 per share in 2020 to $2.50 per share in 2022, management has shown a commitment to maximize returns to shareholders. As stated in the 2021 Investor Presentation, the company aims to return value equaling 25% of EBITDA in the form of dividends to shareholders. With 41 million shares and a 2022 fiscal year EBITDA prediction of $450 million, the huge increases are still responsibly inline with the company goals. Recently, FRG announced an unfathomable buyback plan of $500mm over the next 3 years, at a $1.5 billion market cap at the time of announcement this would equate to the repurchasing of 33% of all outstanding shares. Using the company historical EBITDA growth numbers and projection for 2022, we can begin to estimate the potential size of the dividend at the end of the three year period. Reducing the number of outstanding shares by 33% would leave us with roughly 27 million shares in FY2024. The company currently projects EBITDA of $450mm in 2022, a 32% increase from FY2021. To be on the more conservative side, a 12.5% CAGR in EBITDA over the following three years would equate to $570mm at the end of FY2024. If the company were to hold to the dividend payout ratio, we would see dividends per share of $5.28, nearly 2.1x larger than the current payout. Even if EBITDA witnessed zero growth beyond 2022, the estimated dividend per share would come out to $4.17, a 67% increase from today. FY2022E FY2023E FY2024E EBITDA $450mm $506mm $570mm No. of Shares Outst. 36.3 million 31.6 million 27 million Projected Div./share $3.10 $4.00 $5.28 Valuation As a company operating in a unique sector with a unique business model, the best way to find market averages for multiples applied to the stock would be to look at the fast food industry. The business model in quick-service restaurant stocks is similar as the majority of locations are maintained as franchises. Below we can see the 5y averages for several multiples among large quick-service food providers. Multiple FRG (WEN) (MCD) Current EV/EBITDA 9.32 18.20 22.15 5y avg. EV/EBITDA 18.82 18.14 19.26 Current P/FCF 14.49 16.04 21.28 5y avg. EV/EBITDA 21.07 17.55 22.27 If we are to use a EV/EBITDA multiple of 18.8x as the industry average, we see that FRG is currently significantly undervalued at 8.2. Using P/FCF we see a similar story of an average 20.0x multiple across the industry with FRG currently valued at only 14.4x. Let's combine the reversion to this exit multiple and the estimated EBITDA in FY 2024 with an estimated $2.5bn in debt to obtain a price target.Seeking Alpha • Jul 01
Kohl's shares dip on terminating deal talks with Franchise Group
Kohl's (NYSE:KSS) shares plunged 15% in premarket trading after calling off talks to sell its business to The Vitamin Shoppe owner Franchise Group (NASDAQ:FRG) - CNBC. Last week, Franchise Group had lowered its bid closer to $50 per share from about $60. At the start of the year, the company has received a per-share offer of $64 from Starboard-backed Acacia Research. Shares down 28% on YTD basis and 35% over a period of one year.분석 기사 • Jun 21
Is Franchise Group, Inc. (NASDAQ:FRG) Potentially Undervalued?
Franchise Group, Inc. ( NASDAQ:FRG ), might not be a large cap stock, but it received a lot of attention from a...Seeking Alpha • Jun 09
Buy Franchise Group Ahead Of Major Acquisition
Franchise Group has strong organic growth prospects, is only 2.4x levered, and trades below 8x 2022 fully taxed FCF/share. The stock is down ~25% due in part to macro concerns. The company may miss its robust 2022 EBITDA guidance, given in December. 2022 EBITDA/share will still be 15-20% above 2021 levels, however. Franchise Group has a stellar M&A track record, acquiring at disciplined prices and then radically improving financial performance. EBITDA/share is up 3.5x since mid-2019, when current management took over. Past M&A performance has earned the company access to third party financing. They shocked the market by entering into exclusive negotiations to buy Kohl's, which is 5x their size. The deal would be funded with no equity, only debt and real estate sale-leasebacks. If it closes, both FCF/share, and the $2.50 dividend, should more than double.분석 기사 • May 31
These 4 Measures Indicate That Franchise Group (NASDAQ:FRG) Is Using Debt Extensively
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Seeking Alpha • May 25
Franchise Group: Gaining Some Franchising Momentum
Franchise Group gains momentum in its growing franchise stores backlogs. As a result of its M&A activity, this quarter's top line grew strongly year over year. It serves a growing market for online tutoring in the US and is expanding in all of its other operating segments. The company remains liquid, thanks to its interesting financing strategy and it boasts a reassuring net debt outlook from the management. Franchise Group enjoys favourable insider trading, is trading at a logical support, and is trading cheaply at today’s price.Seeking Alpha • Apr 20
Franchise Group Franchises Big Dividend Yield
FRG has a broad investment portfolio of strong, profitable brands with strategy to acquire, develop, and franchise new brands. Its 6.4% dividend yield is poised to grow. $78 estimated fair value = 13 PE times $6.00 E24 EPS. There were 3 significant acquisitions in FY2021 and 109 new locations (with 360 planned), majorly increasing cash-earning potential. It's a recession-resistant businesses, focusing on consumer durables or consumer staples.Seeking Alpha • Mar 06
Franchise Group: The Plan Is Working
We first covered this unique "mini-Berkshire Hathaway" company in September of last year when the stock was trading around $34 per share. Franchise Group stock moved above $55 a few months later, giving us a ~60% potential return excluding dividends. During that short period, FRG announced a major acquisition and several key updates. The enthusiasm on FRG stock recently faded and it's now in the low-$40s. Recent Q4 earnings included mostly positive results but highlighted a couple headwinds. Now is an ideal time to evaluate all the latest information and determine if increasing exposure to FRG at current levels, or a 24% discount to 52-week highs, makes sense.분석 기사 • Feb 22
Is Franchise Group (NASDAQ:FRG) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Seeking Alpha • Dec 20
Franchise Group: The Safest Dividend Is The One That's Just Been Raised
We initiated coverage on Franchise Group in September of this year. We found value in its "Berkshire-like" business model in an underappreciated but giant market segment: franchises. After obtaining a deeper understanding of the firm and its strategy through conversations with the CEO, Brian Kahn, our conviction rose. Exactly three months after issuing a bullish perspective, the stock has climbed over 55% in value. Arguably more impressively, the common stock dividend has increased even greater over that short period of time. It's time to revisit Franchise Group and update our outlook.Seeking Alpha • Dec 14
Mini-Berkshire In The Making At Franchise Group: Strong Organic Growth, Accretive M&A To Drive Stock Price
Operational excellence and a superb M&A track record have lifted EBITDA per share 3.5x since mid-2019 when current management took over. Franchise Group is experiencing strong organic growth with a huge runway ahead. This, along with continuing accretive M&A, will drive robust 20%+ EBITDA/share growth for the next decade. The company refinanced 11% debt to 6.2% in January 2021. The company is substantially more credit worthy today, and another credit upgrade/rate reduction in 2022 seems inevitable. CEO Brian Kahn is a highly successful private equity fund manager who has decided to make Franchise Group his primary investment vehicle, putting a huge fraction of his net worth into the stock. The company is superbly managed, rapidly growing, moderately levered, and the stock is up 5x since 2019 when Kahn became CEO. Franchise Group is nonetheless available at less than 8x my 2022 FCF estimate.Seeking Alpha • Nov 16
Buy Fast Growing Franchise Group At A Bargain Price Ahead Of Accretive M&A
Franchise Group is a superbly managed, moderately levered, fast-growing business with an enviable M&A track record. Split roughly evenly between organic growth and acquisitions, the company is likely to grow EBITDA per share by 20% or more for many years. The company pays a substantial dividend, targeting 25% of EBITDA. The current $1.50 dividend is likely to be raised to $2 in 2022 and $3 in 2023. The stock is cheap at only 8x 2022 fully taxed FCF.지급의 안정성과 성장
배당 데이터 가져오는 중
안정적인 배당: FRG 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.
배당금 증가: FRG 의 배당금 지급이 증가했지만 회사는 8 년 동안만 배당금을 지급했습니다.
배당 수익률 vs 시장
| Franchise Group 배당 수익률 vs 시장 |
|---|
| 구분 | 배당 수익률 |
|---|---|
| 회사 (FRG) | 8.4% |
| 시장 하위 25% (US) | 1.4% |
| 시장 상위 25% (US) | 4.2% |
| 업계 평균 (Specialty Retail) | 2.2% |
| 분석가 예측 (FRG) (최대 3년) | 8.4% |
주목할만한 배당금: FRG 의 배당금( 8.37% )은 US 시장에서 배당금 지급자의 하위 25%( 1.39% )보다 높습니다.
고배당: FRG 의 배당금( 8.37% )은 US 시장( 4.21% )
주주 대상 이익 배당
수익 보장: FRG 배당금을 지급하고 있지만 회사는 수익성이 없습니다.
주주 현금 배당
현금 흐름 범위: FRG 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.
높은 배당을 제공하는 우량 기업 찾기
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2023/08/22 15:00 |
| 종가 | 2023/08/18 00:00 |
| 수익 | 2023/07/01 |
| 연간 수익 | 2022/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
|
|
| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
|
* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.
산업 및 섹터 지표
산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.
분석가 소스
Franchise Group, Inc.는 7명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Brian Hollenden | Aegis Capital Corporation |
| Alexander Paris | Barrington Research Associates, Inc. |
| Susan Anderson | B. Riley Securities, Inc. |