ASX:FBR

Stock Analysis Report

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Executive Summary

FBR Limited designs, develops, and commercializes robotic machines in Australia. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has FBR's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FBR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.7%

FBR

-4.9%

AU Machinery

-3.9%

AU Market


1 Year Return

-15.3%

FBR

-2.3%

AU Machinery

-9.6%

AU Market

Return vs Industry: FBR underperformed the Australian Machinery industry which returned -2.3% over the past year.

Return vs Market: FBR underperformed the Australian Market which returned -9.6% over the past year.


Shareholder returns

FBRIndustryMarket
7 Day-10.7%-4.9%-3.9%
30 Day-9.1%12.8%1.8%
90 Day-16.7%42.1%1.7%
1 Year-15.3%-15.3%-0.7%-2.3%-6.4%-9.6%
3 Year-76.2%-76.2%2.8%0.03%12.3%-1.9%
5 Yearn/a153.2%112.2%40.0%11.3%

Price Volatility Vs. Market

How volatile is FBR's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is FBR undervalued compared to its fair value and its price relative to the market?

1.69x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FBR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FBR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FBR is unprofitable, so we can't compare its PE Ratio to the AU Machinery industry average.

PE vs Market: FBR is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FBR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FBR is good value based on its PB Ratio (1.7x) compared to the AU Machinery industry average (1.9x).


Next Steps

Future Growth

How is FBR forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

41.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FBR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FBR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if FBR's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if FBR's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FBR is forecast to be unprofitable in 3 years.


Next Steps

  • Explore growth companies in the Capital Goods industry.

Past Performance

How has FBR performed over the past 5 years?

-30.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FBR is currently unprofitable.

Growing Profit Margin: FBR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FBR is unprofitable, and losses have increased over the past 5 years at a rate of 30.3% per year.

Accelerating Growth: Unable to compare FBR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FBR is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (39.3%).


Return on Equity

High ROE: FBR has a negative Return on Equity (-20.66%), as it is currently unprofitable.


Next Steps

Financial Health

How is FBR's financial position?


Financial Position Analysis

Short Term Liabilities: FBR's short term assets (A$10.2M) exceed its short term liabilities (A$4.4M).

Long Term Liabilities: FBR's short term assets (A$10.2M) exceed its long term liabilities (A$276.1K).


Debt to Equity History and Analysis

Debt Level: FBR's debt to equity ratio (5.3%) is considered satisfactory.

Reducing Debt: FBR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FBR has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: FBR is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is FBR current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FBR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FBR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FBR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FBR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FBR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Mike Pivac

4.83yrs

Tenure

AU$509,658

Compensation

Mr. Michael John Pivac, also known as Mike, has been Gobal Chief Executive Officer and Executive Director of FBR Limited (formerly known as Fastbrick Robotics Limited) since June 2019 and November 18, 2015 ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD358.69K) is above average for companies of similar size in the Australian market ($USD274.23K).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Pivac
MD. Global CEO & Executive Director4.83yrsAU$509.66k3.73%
A$ 3.9m
Mark Pivac
CTO, Founder & Executive Director4.83yrsAU$585.38k13.62%
A$ 14.2m
Aidan Flynn
Chief Financial Officer0.75yrAU$463.70k0.093%
A$ 97.0k
Jonathan Lawe Davies
General Counsel1.25yrsAU$378.76k0.066%
A$ 68.2k
Kiel Chivers
Director of Communications & Corporate Affairsno datano datano data
Rachelle Brunet
Company Secretary & Executive Officer1.58yrsno datano data

1.4yrs

Average Tenure

Experienced Management: FBR's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael Pivac
MD. Global CEO & Executive Director4.83yrsAU$509.66k3.73%
A$ 3.9m
Mark Pivac
CTO, Founder & Executive Director4.83yrsAU$585.38k13.62%
A$ 14.2m
Richard Grellman
Independent Non-Executive Chairman2.25yrsAU$142.35kno data
Grantly Anderson
Independent Non-Executive Director1yrAU$60.52k0.034%
A$ 35.8k
Curtis Rodgers
Member of Advisory Committee2.75yrsno datano data
Peter Scott
Member of Advisory Committee2.17yrsno datano data
Greg Smith
Non-Executive Director2.17yrsno datano data

2.3yrs

Average Tenure

Experienced Board: FBR's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48.1%.


Top Shareholders

Company Information

FBR Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FBR Limited
  • Ticker: FBR
  • Exchange: ASX
  • Founded: 1999
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: AU$103.959m
  • Shares outstanding: 2.08b
  • Website: https://www.fbr.com.au

Location

  • FBR Limited
  • 122 Sultana Road West
  • High Wycombe
  • Western Australia
  • 6057
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FBRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2015
FBRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDNov 2015
FBRK.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2015
DZ2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2015

Biography

FBR Limited designs, develops, and commercializes robotic machines in Australia. It engages in developing the Hadrian X, a construction robot which builds the walls of a structure from 3D computer-aided de ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:38
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.