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FFT

Future First TechnologiesASX:FFT Stock Report

Market Cap

AU$18.3m

7D

-12.2%

1Y

-4.4%

Updated

25 Oct, 2021

Data

Company Financials +
FFT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

FFT Overview

Future First Technologies Ltd provides information technology services primarily in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Future First Technologies
Historical stock prices
Current Share PriceAU$0.043
52 Week HighAU$0.04
52 Week LowAU$0.14
Beta1.39
1 Month Change-18.87%
3 Month Change-17.31%
1 Year Change-4.44%
3 Year Change-68.15%
5 Year Change-87.71%
Change since IPO-95.17%

Recent News & Updates

Feb 13
Future First Technologies Ltd's (ASX:FFT) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Future First Technologies Ltd's (ASX:FFT) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Future First Technologies (ASX:FFT) has had a great run on the share market with its stock up by a significant 77% over...

Dec 22
We're Not So Sure You Should Rely on Future First Technologies's (ASX:PSZ) Statutory Earnings

We're Not So Sure You Should Rely on Future First Technologies's (ASX:PSZ) Statutory Earnings

As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...

Shareholder Returns

FFTAU Professional ServicesAU Market
7D-12.2%-1.8%0.8%
1Y-4.4%35.6%24.4%

Return vs Industry: FFT underperformed the Australian Professional Services industry which returned 34.7% over the past year.

Return vs Market: FFT underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is FFT's price volatile compared to industry and market?
FFT volatility
FFT Beta1.39
Industry Beta0.92
Market Beta1

Stable Share Price: FFT is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: FFT's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2013n/aKeith Falconerhttps://futurefirsttech.io

Future First Technologies Ltd provides information technology services primarily in Australia. The company operates in Asset Vision, farmbuy.com, and 1derful segments. The Asset Vision segment offers Asset Vision, a cloud and mobile driven enterprise; and asset management platform, which provides a unified approach to asset inspections, maintenance, and operations management services.

Future First Technologies Fundamentals Summary

How do Future First Technologies's earnings and revenue compare to its market cap?
FFT fundamental statistics
Market CapAU$18.31m
Earnings (TTM)-AU$7.45m
Revenue (TTM)AU$1.54m

11.9x

P/S Ratio

-2.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FFT income statement (TTM)
RevenueAU$1.54m
Cost of RevenueAU$3.90m
Gross Profit-AU$2.36m
ExpensesAU$5.09m
Earnings-AU$7.45m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.017
Gross Margin-153.24%
Net Profit Margin-483.50%
Debt/Equity Ratio0%

How did FFT perform over the long term?

See historical performance and comparison

Valuation

Is Future First Technologies undervalued compared to its fair value and its price relative to the market?

0.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: FFT is unprofitable, so we can't compare its PE Ratio to the Australian Professional Services industry average.

PE vs Market: FFT 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 FFT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FFT is good value based on its PB Ratio (0.9x) compared to the AU Professional Services industry average (3.5x).


Future Growth

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

58.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: FFT's revenue (53.1% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: FFT's revenue (53.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Future First Technologies performed over the past 5 years?

-23.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FFT is currently unprofitable.

Growing Profit Margin: FFT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FFT is unprofitable, and losses have increased over the past 5 years at a rate of 23.3% per year.

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

Earnings vs Industry: FFT is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (9.3%).


Return on Equity

High ROE: FFT has a negative Return on Equity (-38.26%), as it is currently unprofitable.


Financial Health

How is Future First Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: FFT's short term assets (A$7.2M) exceed its short term liabilities (A$5.1M).

Long Term Liabilities: FFT's short term assets (A$7.2M) exceed its long term liabilities (A$240.2K).


Debt to Equity History and Analysis

Debt Level: FFT is debt free.

Reducing Debt: FFT has no debt compared to 5 years ago when its debt to equity ratio was 24.2%.


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: FFT has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: FFT has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 19.9% each year


Dividend

What is Future First Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FFT'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 FFT's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: FFT is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FFT'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?

0.9yrs

Average management tenure


CEO

Keith Falconer

0.92

Tenure

AU$220,000

Compensation

Mr. Keith Falconer has been Chief Executive Officer and Executive Director of Future First Technologies Ltd since November 02, 2020. Mr. Falconer has been Managing Director of Future First Technologies Ltd...


CEO Compensation Analysis

Compensation vs Market: Keith's total compensation ($USD164.92K) is below average for companies of similar size in the Australian market ($USD302.38K).

Compensation vs Earnings: Insufficient data to compare Keith's compensation with company performance.


Leadership Team

Experienced Management: FFT's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: FFT's board of directors are not considered experienced ( 1.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Future First Technologies Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Future First Technologies Ltd
  • Ticker: FFT
  • Exchange: ASX
  • Founded: 2013
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: AU$18.313m
  • Shares outstanding: 425.89m
  • Website: https://futurefirsttech.io

Location

  • Future First Technologies Ltd
  • 410 Collins Street
  • Level 11
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:56
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.